Since its launch, Ethereum has taken blockchain technology to another level, allowing anyone to create and run decentralised applications on its network. For this reason, Ethereum is one of the most popular of the “altcoins” – crypto-currencies other than Bitcoin.
Ethereum has alternated between being the 2nd and 3rd most traded crypto-currency over the last couple of years. Due to this popularity, investing in Ethereum has become a new way for traders and investors to diversify their portfolios, while taking advantage of new and profitable investment opportunities.
In this guide, we will explain everything there is to know about how to buy Ethereum – the reasons why you should buy it, how to buy it, which payment methods you can use, how to invest, which platforms are the best for your investment style, and much more – so keep reading!
Recommended places to buy Ethereum
Why should you buy Ethereum?
Ethereum, created in 2015 by Vitalik Buterin, is the first blockchain to introduce smart contracts, created within its own programming language, called Solidity. Ethereum is also the first to offer companies the opportunity to do their own ICOs, allowing them to raise funds more easily.In the crypto-currency ecosystem, the size of the community and the number of developers are key indicators to determine the strength of a network.The Ethereum team is definitely the key to its success, as there are, in addition to its creator, many prominent figures within the Ethereum community, such as Vlad Zamfir and Joseph Lubin.
The latter created Consensys in 2014, which helps companies to develop and implement software and applications on the Ethereum network, which supports Etherem’s development team and price.
The Ethereum blockchain is therefore one of the most popular among programmers, which is its strength. Indeed, the development team is more interested in overcoming obstacles on the network (such as scalability for example), rather than making money at any cost.
The Ethereum blockchain is perfectly functional and has already proven its worth! No other cryptocurrency has such a rich, varied and functional ecosystem, which makes Ethereum a very promising investment.To this end, one should also keep in mind the development and implementation of several new features.These include the Proof of Stake (PoS) consensus, and updates such as Plasma and Sharding, which should allow the Ethereum network to strengthen its position as a market leader in its field.
Interested in Ethereum?
Best trading platforms to invest in Ethereum
You need to choose the right broker to be able to trade in the best trading conditions (speed of execution, low latency, low spreads and commissions, trading platform quality, trading tools and technical indicators, etc.).
eToro Vs. Investous
|Visit eToro Now||Visit Investous Now|
|76% of retail investor accounts lose money when trading CFDs with this provider||Between 74-89% of retail investor accounts lose money when trading CFDs.|
|Regulated by||CySec (Cyprus), FCA (UK) and ASIC (Australia)||CySec (Cyprus)|
|CFDs - Total Offered||More than 1,400 (Forex, Crypto-currencies, Indices, Stocks, Commodities, EFTs)||More than 300 (Forex, Crypto-currencies, Indices, Stocks, Commodities, EFTs)|
|American traders allowed||Yes||No|
|Payment methods accepted||Credit cards (Visa, MasterCard, Diner's Club), bank transfers, GiroPay, PayPal, China Union, Yandex, Webmoney, Skrill and Netteller||Credit cards (Visa, MasterCard, Discover), bank transfers as well as Netteller|
|Account currency||US Dollar (USD)||US Dollar (USD), British Pound (GBP), Japanese Yen (JPY), Euro (EUR), Russian Ruble (RUB)|
|Crypto-currencies available to trade||Bitcoin (BTC), Bitcoin Cash (BTH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Dash (DASH), Ripple (XRP), Stellar (XLM), Iota (MIOTA), Cardano (ADA), Eos (EOS), Neo (NEO), Tron (TRX), Zcash (ZEC) Binance Coin (BNB)
against other crypto-currencies or the CHF, the EUR, the GBP, the USD, the CAD, the JPY, the AUD and the NZD.
|Bitcoin (BTC), Bitcoin Cash (BTH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Dash (DASH), Ripple (XRP), Monero (XRM) and Stellar (XLM)
against the EUR, the USD and the GBP
|Trading platforms||Proprietary Platforms:
Social Trading / Copy-Trading (Open Book). Web-based platform (WebTrader). Trading app (Mobile Transfer)
Web-based platform (WebTrader), Trading app.
MetaTrader 4 (MT4)
Best exchanges to buy Ethereum
Before buying your Ethereum, it is important to choose a reputable, robust and reliable exchange platform that has never been hacked and that offers significant security solutions.
It is strongly recommended to transfer your crypto-currencies to your own wallet once you have purchased them, rather than leaving them on the exchange platform (see our section below on “how to buy Ethereum”).
Binance vs Bittrex
|Visit Binance now||Visit Bittrex now|
|Crypto-currencies pairs - Total||More than 465
against BTC, BNB, ETH, PAX, TUSD, USDS, USDT and XRP
|More than 345
against BTC, ETH, USD and USDT
|Minimum deposit||-||There is a minimum deposit amount, which varies by currency.
For verified personal accounts in Fiat (US Dollar), the deposit minimum is $1,000 per wire transfer
|Trading platforms||Proprietary Platforms:
Web Based Trading Platform, Mobile Trading App
Web Based Trading Platform
How to Buy Ethereum
Ethereum is among the best cryptocurrency networks in the industry. Even after the decline in the crypto market in 2018, experts are optimistic for the future of Ethereum. Why? Because its network and smart contracts can be implemented across a range of different industries.Whether you prefer to use eToro, Investous, Binance, Bittrex, or any other platforms, you will always be able to profit from Ethereum investments, or accumulate Ethereum coins. If you are only interested in taking advantage of the high volatility, then we would recommend you trying eToro’s platform.