Where to buy Ethereum
You can buy ETH from a number of different trading platforms. Below are some of the best exchanges and brokers to pick up ETH.
Why buy Ethereum (ETH)?
The Ethereum network is home to the most popular decentralised finance applications and decentralised marketplaces for cryptocurrencies and NFTs. New dApps and creations are constantly being released on Ethereum.
Being such a large platform with thousands of use cases, Ethereum has arguably been a victim of its own success and has suffered from congestion and painfully high gas fees. This has led to many developers migrating to other similar blockchains such as Solana, Polygon and Avalanche.
That said, Ethereum remains the biggest blockchain project by market capitalisation, second only to Bitcoin. And it’s now in the process of fixing its issues with its hotly anticipated upgrade, which will, according to its website, ‘scale to meet global demand while improving security and decentralisation’.
The Ethereum token can be used to pay for transaction fees on the Ethereum network and staking. Since 2021 the Ethereum token has become deflationary and the development of its consensus layer—a vital part of its upgrade—should give Ethereum the level of functionality that dedicated users have come to expect.
If you’re interested in decentralised finance and want to get involved in NFTs, decentralised applications or making your own dApps then buying some ETH is essential.
Where to store your Ethereum
Outside of cryptocurrency exchanges and brokerages, you can store your Ethereum in a digital wallet. Metamask and Trustwallet are two of the most widely used browser wallets for storing Ethereum safely. Hardware wallets such as Ledger Nano and Trezor are great USB wallets with greater security. You can use the links below to purchase a hardware wallet for yourself.