Where and How to Buy Ethereum (ETH) - Ultimate Guide by Cryptogeek

Where and How to Buy Ethereum (ETH) - Ultimate Guide by Cryptogeek
Jul 28, 2021 0
Where and How to Buy Ethereum (ETH) - Ultimate Guide by Cryptogeek

Ethereum is one of the most popular blockchain networks and digital assets out there. Since decentralized finance (DeFi) appeared, Ethereum has been an even more integral part of the crypto landscape. While the majority of users are still betting big on Bitcoin, Ethereum is on a path to surpass BTC's market capitalization.

A series of upgrades in 2021 made it possible to improve functionality, reduce gas fees and generally turn the Ethereum blockchain into a more welcoming place for all. Today, we take a look at where to buy Ethereum (ETH) and how to buy Ethereum (ETH).

To this end, we have reviewed a total of 15 trusted exchanges, wallets and platforms that ensure quick and easy purchases. Ethereum has immense implications for the world beyond digital services as it allows the creation of automated smart contracts, financial services, and other innovation that allows us to live in a better world. Here is how to buy Ethereum (ETH), and more importantly where.

Binance

Making an Ethereum purchase at Binance is a simple and straightforward process. The exchange allows for fast, simple and secure ETH purchases that you can carry out directly through a bank transfer or a credit or debit card. You can buy and sell ETH on the move with the exchange's dedicated Android or iOS app.

The exchange comes with numerous other functionalities that will empower you to do many things with your Ethereum including but not limited to trade, store, use, send or even donate, all from a one-point stop.

Freewallet

Freewallet is a champion when it comes to places where to buy Ethereum (ETH) from as it allows you to quickly navigate through its platform and choose a currency you are interested in. Freewallet supports FIAT/crypto trade pairs and allows you to choose from dozens of FIAT currencies.

The wallet comes with a built-in exchange that supports over 100 cryptocurrencies, a secure 2FA, pin-code and fingerprint support and quick transaction times. You can get a quote directly on the website. Purchases are quick and simple.

How to Buy Ethereum (ETH) with Freewallet

To purchase Ethereum with Freewallet, you will have to follow a few very simple steps as detailed below:

  1. Choose the currency you wish to buy with
  2. Enter the exact sum you are willing to spend on ETH
  3. The Freewallet tool will give you a quote
  4. Fill in your cryptocurrency address
  5. Click on "Buy Now" and the Ethereum is sent to your address

You will notice that you can also store your Ethereum directly on your Freewallet account. As a trusted platform, Freewallet meets all necessary protection standards, but the wallet still recommends moving your crypto in cold storage when possible.

Coinbase

Coinbase is arguably the world's most trusted exchange and the first to hold an initial public offering (IPO) which shot its capitalization through the roof. As a result, Coinbase is easily one of the safest places where to buy Ethereum (ETH) from.

The downside here is that Coinbase has a much tighter overall security because of its highly-regulated status, public listing and scrutiny. That is no bad thing, though, as it guarantees an additional layer of security.

To purchase Ethereum on the platform, all you need to do is create an account, verify your identity and buy ETH. The exchange will list the minimum amount you may pay to purchase it.

SoFi

SoFi is another great pick if you are looking to buy cryptocurrencies and specifically Ethereum. The platform allows you to trade in FIAT for cryptocurrency money for as little as $10 per transaction, and you have a vast list of tokens to choose from, and not least ETH.

SoFi allows you to trade 24/7 and doesn't follow the traditional market logic which is usually locked in business hours. SoFi is a highly trusted trading platform that will make your ETH purchase a piece of cake.

There are other features to explore as well, including automated trading, active investing, and more.

Webull

Are you looking for a place where to buy Ethereum (ETH) from? Webull seems to have the answer ready for you. The platform is unique in allowing you to exchange even nominal amounts of FIAT and cryptocurrencies.

You can buy and sell starting at as little as $1 which is a great and very accessible threshold for most people who are new to Ethereum, too. You will be able to pull statistics in real-time and make informed decisions about your ETH purchases.

Live support is available 24/7 so you will have no trouble getting in touch with a trained customer care agent who can assist you with anything that pertains to Webull.

Luno

Luno makes it easy to purchase crypto and Ethereum specifically. The exchange focuses on a detailed breakdown of the currency movement over the last month, year or historically. You can quickly enter the amount which you want to purchase and see how much it would cost you.

FIAT currencies are accepted at the exchange and you can use the namesake wallet to store your newly-bought ETH. Once again, registration is mandatory so keep this in mind to expedite the process and make for a quick buy.

Changelly

Changelly has an inviting user interface and if you are looking where to buy Ethereum (ETH) from, Changelly would be our first choice as well. The platform is good for several reasons. First, you can use just about any popular cryptocurrency to exchange it for Ethereum.

If you would much rather pay in FIAT that is also an option as there is a Buy option that supports purchases in traditional currencies, such as EUR, USD, and GBP. Changelly will further allow you to sell currencies that you no longer have interest in or just exchange those for Ethereum.

The exchange is highly-trusted and one of the best places to buy Ethereum yourself, making for an easy and enjoyable experience.

How to Buy Ethereum (ETH) from Changelly

To make an Ethereum purchase on Changelly, you need to follow a few easy and self-fulfilling steps. The exchange and buy features work in very much the same way, which makes the process simple. Changelly will simply ask you to:

  1. Choose the crypto pair you want to exchange
  2. Confirm the transaction
  3. Send the amount to your crypto address

Remember that you have to be logged into Changelly to complete either an exchange or buy a currency outright. You will need to go through AML and KYC verification so that the exchange can confirm your identity.

The process only takes a few moments and Changelly should get back to you instantly with a confirmation or flag an issue.

Paxful

Paxful is an interesting peer-to-peer choice where you review available trade options and complete transactions with fellow traders. In many ways, Paxful is an exchange that serves as an intermediary between people who want to buy Ethereum and those who are willing to sell.

The platform goes to some lengths to ensure that you always enjoy safe payment, but you always want to double-check a seller or buyer's profile first. As a place where to buy Ethereum (ETH) from, Paxful is definitely a worthwhile choice.

CEXIO

CEXIO is another top choice where to buy Ethereum (ETH) at. The platform comes with an intuitive user interface that will allow you to comb through the offer and quickly make an ETH purchase. CEXIO uses three main FIAT currencies to carry out ETH purchases on its platform, including GBP, USD and EUR. The purchases are quick and easy and you will have no trouble securing the cryptocurrency. However, CEXIO is not designed as a platform to teach you how to invest in crypto.

Robinhood

Robinhood gained momentum around the GameStop rally which showed the power of Millennial and Gen Z investors who decided to enter the crypto and investment market during lockdown and completely changed its narrative.

Robinhood was emboldened by the influx of new registration and quickly proceeded to launch a crypto trading and purchasing service. As a result, you can use Robinhood as a place to buy Ethereum (ETH) from.

All you need to buy is to sign up and fill out the quick prompts that the platform expects you to follow so that you secure your ETH tokens.

BlockFI

BlockFI is another great option if you are looking to purchase cryptocurrency and Ethereum in particular. You will enjoy instant trades and immediate interest with low to zero costs of purchases. The exchange allows you to pick your currency and make an immediate transaction that will be reflected in your BlockFI balance or cashed out directly to your wallet.

There are three easy steps to follow when looking to make an ETH purchase at BlockFI that are basically: setting up your account, funding your BlockFI balance, and hitting the trade button to make a transaction. You are incentivized to keep your funds in the exchange as it will accumulate interest.

Etoro

The next place to buy Ethereum is eToro. The trading platform has made a bode move into cryptocurrency and still treats digital assets as investments but you can purchase and cash out cryptocurrency all the same. Ethereum is one of the most popular tokens, meaning that eToro facilitates the process so that it's convenient for new and experienced buyers. Sign up and verify your account after which you are ready to deposit your fiat currency and purchase the ETH amount you want to.

HitBTC

HitBTC is an intuitive trading platform that supports Ethereum as one of its main trading pairs. As a leading crypto exchange, you will find HitBTC to be on par with the highest standards in the industry providing you with a trusted and reliable offer. HitBTC breaks down trade movements in great detail and allows you to quickly exchange existing crypto for ETH.

Crypto.com

Crypto.com is a great place where to buy Ethereum (ETH) from. The platform has stood the test of time and brings you a detailed breakdown of ETH price movement as well as a dedicated overview of current price fluctuations. You can purchase ETH at Crypto.com picking from both FIAT and other cryptocurrencies.

Gemini

Owned by the Winklevoss twins, Gemini is one of the world's most trusted crypto exchanges that has a significant market capitalization. As such, you can expect Gemini to be one of the best places where to buy Ethereum (ETH) from, which it is.

To get access to the buy feature, Gemini will ask you to register, which should take a few moments, where you enter your legal names, pick an email address and choose a password as well as your country.

Once you are all set up, you can start purchasing Ethereum directly through the exchange or buy outright. Gemini offers fair pricing and a prompt service.

The opinions and assessments expressed in the text are the views of the author of the article and may not represent the position of Cryptogeek. Do not forget that investing in cryptocurrencies and trading on the exchange is associated with risk. Before making decisions, be sure to do your own research on the market and the products you are interested in.


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