How to purchase ETH?
Ethereum definition
Ethereum “ETH” is a global, open-source platform for decentralized applications. Its founder, Vitalik Buterin, has been engaged in the development of blockchain and Ethereum since its inception. Today, several cryptocurrencies are issued in ICOs using Ethereum. These tokens are called ERC-20. Since it was founded back in 2013, the platform has gained immense popularity and so did its currency, Ether.
Hereunder some of the most trusted sources on how to buy Ethereum “ETH”.
Get an Ethereum wallet
At first, you’ll need to get an Ethereum wallet. There are two types of Ethereum wallets, Software wallets and Hardware wallets.
- Ledger Nano X and Trezor Model T are one of the most secure hardware wallets in the market.
- Atomic Wallet and GreenAddress are popular for software wallets.
- Blockchain.com is also a well-known web-based and mobile wallet.
Open an account on an exchange
After getting your wallet, you can choose between a Centralized exchange or Decentralized exchange to buy, sell, or trade Ethereum.
- Binance, Coinbase, and Huobi are one of the biggest centralized exchanges around the world.
- Nash and Switcheo are one of the top and most popular decentralized exchanges in the market.
Choose a payment method
Besides using a cryptocurrency exchange, you can choose between any of the following payment methods available to purchase Ethereum.
Buy Ethereum with Credit or Debit Card
Changelly and CEX.IO are one of the most trusted options to trade fiat currencies for Ethereum and other cryptocurrencies.
Buy Ethereum with PayPal
LocalBitcoins and Paxful are one of the popular sites for PayPal purchases.
Buy Ethereum with Wire transfer
CEX.IO, Coinbase, and LocalBitcoins are one of the most reputable exchanges that have wire transfer as an option to purchase Ethereum and other cryptocurrencies.
Buy Bitcoin using Ethereum
LocalBitcoins is one of the very few sites which allow users to buy Bitcoin using Ethereum as payment method. It gives you the ability to buy, sell, and trade Bitcoin person-to-person in an easy, fast, and secure way.
Buy Ethereum with ATM near me
Ethereum ATMs don’t need much information and they are one the fastest methods to purchase Ethereum, but they charge a bit high fees.
Coinatmradar helps you to know if you have an Ethereum ATM in your area.
Withdraw Ethereum to your wallet
Once you finish buying Ethereum, it’s always better to move your coins to your personal wallet. This way you are the only one in control of your funds, and consider using a Hardware wallet like Ledger Nano X or Trezor Model T to store Ethereum is definitely a great choice for maximum security.