Are you looking to learn how to buy Ethereum regardless of where you’re in the world? If yes, you’ve come to the right place at the right time.
This step-by-step guide shares everything you need to know to make your first Ethereum purchase.
With that said, let’s get started.
What Is Ethereum
Ethereum is one of the most popular cryptocurrency tokens in the market.
Ethereum is open access to digital money and data-friendly services for everyone – no matter your background or location. It’s a community-built technology behind the cryptocurrency Ether (ETH) and thousands of applications you can use today.
It is a technology that lets you send cryptocurrency to anyone for a small fee. It also powers applications everyone can use, and no one can take them down.
Ethereum builds on Bitcoin’s innovation, with some big differences.
How to Buy Ethereum (ETH)
There are many ways to buy Ethereum. If you’ve never made an Ethereum purchase before, luckily, as of late, you can buy some using credit/debit cards or via a direct bank transfer.
The payment options will vary between countries. This is because the rules for cryptocurrencies differ in all countries, with some gladly embracing digital change.
One of the most popular ways to buy ETH is by using a cryptocurrency exchange called Binance.
Step 1 – Creating a Binance Account:
Once you’ve entered the details, it will prompt you to verify your email address.
Log into your email account, and find the verification code and get your account verified.
See Related: How to Buy Nebulas | Step-By-Step Guide
Step 2 – Setting It Up
Once you’ve completed the first step, you’ll be greeted by a familiar dashboard.
Before you go ahead and make a purchase, it’s always a good idea to get your identity verified. This will also secure your account and prevent unauthorized access in the future.
Follow the on-screen instructions, and your account should be ready in no time.
See Related: How to Buy Komodo Coin | Step-By-Step Guide
Step 3 – Purchase Ethereum
You can purchase directly on Binance and buy Ethereum directly through credit/debit cards.
The payment options may differ depending on your country, but the process is pretty much the same.
Once you’ve purchased some Ethereum, you can either store them in your Binance wallet or exchange it for Bitcoin or other altcoins like Litecoin and Ripple.
See Related: How to Buy Bancor | Step-By-Step Guide
Step 4 – How To Trade for Altcoins
If you’re looking to trade Ethereum for Bitcoin or other alternative coins/altcoins, this should help.
If you’re reading this step, you already have bitcoin/Ethereum ready in your account. If not, make sure to complete the first three steps before you begin this one.
Go to your desired Ethereum pair or Bitcoin pair, depending on what coin you already possess.
Depending on how much of an altcoin you may want to buy, select your options.
If you want to trade all your Ethereum for an alt or Bitcoin, select 100% in the Buy options and click buy. The market option is to buy the coin/token at the current price, and the limit option is for traders looking to buy at a certain price.
Unless you’re a trader, you don’t need to consider the Limit Buy option. Select the percentage of your ETH that you want to allocate to your preferred altcoin, and it will sit in your hot wallet.
That brings us to the conclusion of this quick ‘how to buy Ethereum (ETH)’ guide.
Just like Gold and Silver, Ethereum has been on the rise lately. If you aren’t involved in cryptocurrencies yet, now is the best time to get started (This is not financial advice, do your own research).
Did this help you make your first purchase? Do you already hold Ethereum and other alts? Or did we miss something in this step-by-step guide?
Either way, let us know by leaving a quick comment down below.