how to buy ethereum

By the close of 2023, Ether could be trading for a potential low of $8,456.92, and a potential high of $13,692.31. On December 31, 2026, Ether should have an average trading price of $12,506.30, a minimum trading price of $10,380.50, and a maximum trading price of $14,608.60. According to analyst Skerdian Meta at FX Leaders, Ethereum could command a minimum price of $4,400, and a maximum price of $5,000 by the end of June 2022. By the close of 2023, the Ethereum price prediction portal believes Ethereum could trade for the least possible price of $6,000, and the best possible price of $8,000.

Additionally, Ethereum (ETH) is used to pay transaction fees on the network. Specifically, it’s used to settle gas fees for transactions, which are paid to the network. A part of the gas fees for each transaction on the Ethereum network is burned while the rest is distributed to validators. What makes Ethereum unique is that it was one of the first major blockchain networks to support smart contracts. Hardware wallets are extremely popular and well-recommended across the world.

Check out these other popular cryptos

The reason that so many digital currency projects have taken this route is that Ethereum makes the process of building a cryptocurrency so easy. Once the technology reaches a consensus, it is able to deploy the smart contract payment. It should be noted that Binance is more suited to experienced traders that are looking to buy and sell crypto assets on a short-term basis. This is because the platform offers hundreds of pairs, heaps of trading tools, and super-low commissions. Nevertheless, you can get started with eToro by meeting a minimum deposit of $50. You can do this instantly with a UK debit/credit card or an e-wallet like Paypal and Skrill.

Is buying ETH a good idea?

Ethereum (ETH), the second largest cryptocurrency by market capitalisation after Bitcoin, accounts for almost 20% of the $1.1 trillion global crypto market, making it one of the safest long-term bets if you are looking to diversify your portfolio with digital currency.

Please note that the usual warnings about investments apply and that there is no guarantee that stock market investments will make money. WikiJob does not provide tax, investment or financial services and advice. Investing involves risk including the possible loss of principal. Ethereum has several use cases beyond being a digital currency, such as powering decentralized applications and smart contracts on its blockchain network. has an unparalleled matching engine with a matching speed of 50 million transactions per second. also serves as a secure space to store and hold your Ethereum assets. An advanced coin-tracking platform helps us to verify all transactions on the blockchain. We can guarantee the highest level of security for your personal data, payments and assets.

Once the seller has moved the cryptocurrency into an escrow account, you will need to transfer money to them using the payment method previously agreed. When the seller moves the cryptocurrency, it goes into a smart contract on the blockchain. This is set up to only be released after the seller confirms receipt of your payment. Before you can buy Ethereum through a crypto exchange, you have to fund your account. In most cases, you’ll deposit money from a bank account, such as your current account.

Step 3. Set Up a Payment Method

Any Ether you buy with a credit card will be deposited directly into your account wallet. If the exchange you’re using has a built-in wallet, then you can continue to step 3. Cryptocurrencies are speculative and investing in them involves significant risks – they’re highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. This content shouldn’t be interpreted as a recommendation to invest.

how to buy ethereum

Firstly, it’s important to establish that Ethereum is still a very risky investment, and should you choose to take the risk, you could end up losing all of your initial investment. Whilst many of the exchanges I have listed above are commission free, there are often ‘hidden fees’ to contend with such as withdrawal fees or inactivity fees. Well because funds are on loan, in a largely unregulated environment, you will assume more risk. The main purpose of Ethereum is to provide a system that facilitates greater control over users’ data whilst also providing scope for applications to be built and run using the blockchain. All you need to make all this happen is an internet connection and an online wallet.

Ethereum as a Good Inflation Hedge

The body does not hand out licenses to any Tom, Dick, and Harry – especially when it comes to cryptocurrency brokerage services. On the one hand, there are too many examples of people being scammed how to buy ethereum in the cryptocurrency scene. This has come in various forms, such as cryptocurrency exchange hacks or malware attacks. But, very few brokers support e-wallets, so you need to shop around.

Cryptocurrencies have become increasingly popular in recent years, so there are many cryptocurrency exchanges to choose from. ProfitFarmers is a semi-automatic copy trading platform that produces AI trading signals combined with education and advanced tools to trade better and no trading experience is needed. They are partnered with exchange to buy/sell cryptocurrencies that are paired in BTC, USDT, and BUSD and offer an affiliate program to anyone who wants to promote their product.

This is usually an inexpensive option since the fees are very low, but many exchanges are often unregulated, which poses a major problem. You’ve likely got these bits of plastic already, which avoids the need to sign up with a separate payment merchant (as is the case with e-wallets). Of course, debit/credit cards are connected to your bank, which means you must share card details when making a purchase.

how to buy ethereum

Launched in 2015, Ethereum (ETH) is one of the oldest cryptocurrencies and has long been the second largest by market cap. It was initially developed by a team of software engineers to build on Bitcoin’s innovative use of while adding new and advanced use cases beyond digital payments. The simplest way to buy Ethereum cryptocurrency is with your bank card. In this example, you buy and sell Ethereum, doubling your money (trading). While the steps are simple, executing them in a profitable way is not so easy. You need to spend many hours learning to trade, reading charts, patterns, and understanding markets and margin trading; which you can do right here on

Don’t worry about exchanging your money for the right currency to make a crypto trade. With Revolut, you can buy Ethereum (ETH) and 100+ other tokens in-app using 29 currencies. What’s more, historically exchanges that have been hacked have reimbursed any losses. Accounts are usually free, and can be set up in about 20 minutes.