Want to buy Ethereum? Read on to learn how you can purchase Ethereum today.
Ethereum is one of the top 10 cryptocurrencies which is growing due to its features. A lot of cryptocurrencies are utilizing the Ethereum blockchain and its smart contract feature to run their business. Also, there has been a significant increase in DAPP (decentralized application) on Ethereum.
As the cryptocurrency market is growing, Ethereum is profitable crypto to buy. Here I’m sharing exact steps you need to follow to buy Ethereum cryptocurrency. At the end of the article, I’m also sharing more ways to buy ETH which will help if you are from one of those countries which is not crypto-friendly.
So without further delay, let’s learn to buy your first ETH coin.
Step by Step Guide to buy ETH
Here is how you can get started:
- Head over to CEX
- Create an account and complete KYC
- Login to CEX Dashboard and click on finance at the top.
Depending upon the country you are in, you can select the Fiat currency.
- Ex: USD, EUR, GBP, RUB
On the next page, enter the amount you wish to deposit. Minimum deposit amount is $20. You can use bank transfer (International or domestic) or use cards to add funds. For bank transfer, there are no fees and for card deposit, the fees are only 2.99% which is pretty cheap when we compare to other available options.
Bank transfer could take some time whereas if you fund using the card, it will be faster. Depending upon your requirement and geo-location, you could use either of it.
Once the funds have been added to your account, now it’s time to purchase ETH coin. What you need to do is, convert the fiat (USD, GBP, EUR, RUB) to ETH coin.
Now, click on buy/sell at the top and you can use a custom amount to buy Ethereum. In this case, I have purchased Ethereum for $100.
Congratulations, now Ethereum is stored in your Cex account wallet. However, you should move it to your own wallet which is controlled by you. Always remember, if you don’t own the wallet, you can lose your coin.
Here are some option to store ETH for the long term.
I also recommend you to read my earlier guide on best Ethereum wallets.
How to buy Ethereum in India:
If you are from India, you can use the above website to buy Ethereum or you can use local Ethereum websites like:
My preferred choice is usually WazirX which uses the P2P method. All you need to do is following:
- Create an account on Wazirx (Sign up here)
- Complete your KYC
- Deposit funds by clicking at the funds
- Once funds has been added, use the exchange to buy Ethereum.
Buy Ethereum in Australia:
If you are from Australia, here are your options to get hold of Ethereum.
I would any day use CEX or CoinBase as both are well-established websites that sell Ethereum.
Nigeria Buy ETH:
For Nigeria, we have a few options.
You can use Nigerian Naira to buy ETH from any of the above websites in Nigeria.
Conclusion: Buying EThereum for the future
Well, Cryptocurrency is definitely risky but a coin like Ethereum which has proven itself many times to be a great product. I would suggest you to buy Ethereum when the market is low.
Here are a few more resources that you might like to read: