HomeEthereumHow and where to buy Ethereum (ETH) in 3 steps
Ethereum logo
Ethereum with eToro

How and where to buy Ethereum (ETH) in 3 steps

Ethereum logo
Ethereum (ETH)
...
24H Change
...
7 DAYS CHANGE
...
Market Cap
...
Author: Alexander Buckley Updated: March 17, 2022

Second only to Bitcoin by market capitalisation, Ethereum is a blockchain powered by its native cryptocurrency, ETH. Host to thousands of decentralised applications (dApps) from DeFi projects such as Curve and Bancor to NFT marketplaces such as Opensea, many projects built on Ethereum are starting to gain mainstream attention.

With the honour of being the first blockchain to popularise smart contracts, under the leadership of Vitalik Buterin, Ethereum has carved the foundations for the beginning of a new type of internet known as Web 3.0. This page will guide you through the process of buying Ethereum, reveal what Ethereum can do and show you how to store it securely.

If you'd like to buy Ethereum right away, visit our partnered broker below.

1
Min. Deposit
$10
Promotion
User Score
10
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full regulations list:
CySEC, FCA
Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk.

3 steps to buy Ethereum 

Step 1: Sign up to a broker or exchange

Register with a brokerage or crypto exchange where you can purchase Ethereum. You’ll need to provide some personal identification and your contact details before your account can be created. Known as KYC, or ‘know your customer’, a term you’ll come across when signing up, it’s a bit like opening a bank account.

Step 2: Deposit funds

Deposit some funds into your trading account so you can buy some ETH. Deposits can be made using your credit or debit card, bank transfer or you can also buy Ethereum with PayPal. The transaction with a card should only take a few minutes but if you use a bank transfer it could be longer.

Step 3: Buy Ethereum (ETH)

In the search bar of the exchange, type in ETH. When it appears, select it and then enter the amount that you’d like to purchase. When you’re happy with the amount, click the buy button and you will have converted your fiat currency into Ethereum.

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.

1
Min. Deposit
$10
Promotion
User Score
10
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full regulations list:
CySEC, FCA
Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk.
2
Min. Deposit
$0
Promotion
User Score
9.3
No Hidden Fees
Instant Trading
Secure & Transparent
Start Trading
Description:
World's longest-standing crypto exchange. Since 2011 Bitstamp has been providing a secure and reliable trading venue to over four million individuals and a range of institutional partners.
Payment Methods
Apple Pay, Google Pay, PayPal
Full regulations list:
3
Min. Deposit
$1
Promotion
User Score
8.7
0% deposit fees, 0% withdrawal fees, 0% trading commissions
Set up automated trades and up to 50 limit orders with ease
Buy and sell 90+ cryptos and utility tokens, precious metals and national currencies with as little as $1
Start Trading
Description:
Create your account in minutes and start trading 90+ cryptos and other assets on the most flexible trading platform.
Payment Methods
Full regulations list:

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. 

1
Min. Deposit
-
Promotion
User Score
10
Go offline and hold your coins
1000+ coins supported
Transparent security
Start Trading
Payment Methods:
Bitcoin, Credit Card
Full Regulations:
2
Min. Deposit
-
Promotion
User Score
9.3
The worlds most popular hardware wallet
Buy, Manage and Secure your crypto in one place
Compatible with over 100+ cryptocurrencies
Start Trading
Payment Methods:
BitPay, Credit Card, PayPal
Full Regulations:



Frequently Asked Questions

  1. Nobody knows what the price of Ethereum will be in the future, but the general outlook is that the price of Ethereum can go much higher.

  2. NFT marketplaces such as Opensea accept payments in Ethereum. Other NFT marketplaces that use the Ethereum token are Foundation and Super Rare.

  3. You can mine Ethereum using a computer or even a mobile phone. Mining involves using a computer to validate blocks of transactions on a blockchain network such as Ethereum. Miners who successfully validate a block will receive a reward in Ethereum. 

  4. There is no set date for when this will be ready but most sources in the Ethereum and crypto community point to sometime in 2022. The upgrade will introduce shard chains into the Ethereum network. Shard chains split the network into small chunks to allow data to pass through more quickly which speeds up transactions. You can read more about the upgrade and shard chains by visiting the official Ethereum website.

  5. All non-custodial desktop and browser wallets are free to download and use. Hardware wallets need to be bought as they are physical usb’s. Many people use browser wallets to connect to decentralised finance applications or to purchase NFTs. They are considered safe as long as your password or key phrase to your non-custodial wallet never gets revealed to a third party. Sharing your key phrase can put your wallet at risk.

Alternative Cryptocurrencies

Axie Infinity logo
Axie Infinity
AXS
...
...
Ravencoin logo
Ravencoin
RVN
...
...
Elrond logo
Elrond
EGLD
...
...
We use cookies to personalise content & ads, provide social media features and offer you a better experience. By continuing to browse the site or clicking "OK, Thanks" you are consenting to the use of cookies on this website.