How to Buy Ethereum

in steem •  7 years ago  (edited)

ethereum-overtakes-litecoin-in-market-cap-after-continued-upward-trend.jpg

Buy Ethereum with Credit Card or Debit Card

There are many ways to buy Ether with a CC and this section will discuss the 3 best options. Note that the fees will be around 3.5% for most options.
1-coinbase

In the USA, Europe, Canada, UK, and Singapore, Coinbase is the easiest way to buy Ethereum with a credit card.

The fees will amount to 3.75% and you can buy instantly.

Note that Coinbase only sells Ether and not Ethereum Classic. To buy Ethereum Classic you need to buy bitcoins on Coinbase and transfer the bitcoins to Binance to exchange them for Ethereum Classic.

CoinMama

CoinMama is a nice option because you can buy less than $125 worth of Ethereum without the need to verify your identity. You can instantly sign up and buy Ethereum. You can have Ether in your wallet within about 20 minutes.

The downside to CoinMama is the fees are pretty high and come out to around 7%.

CoinMama supports credit and debit cards from basically any country.

Note that CoinMama only sells Ether and not Ethereum Classic. To buy Ethereum Classic you need to buy bitcoins or Ethereum on CoinMama and transfer the bitcoins to Binance to exchange them for Ethereum Classic.

BitPanda

Bitpanda is a Bitcoin broker based in Austria and now sells Ether as well as bitcoins.

BitPanda has some good and low fees for buying ETH with a credit card.

Bitpanda does not sell Ethereum Classic. To buy ETC you must buy bitcoins or ether and transfer the bitcoins/ether to Binance to exchange them for Ethereum Classic.

Buy Ethereum with Bank Account or Transfer

Coinbase

Using Coinbase you can buy Ethereum with your bank account if you live in the following countries:

USA
Canada
Singapore
United Kingdom
Europe (besides Germany)
The fees will be about 1.49% per purchase.

For US users, the buy will take about 7 days because the ACH banking system is very slow.

Canadians can buy very fast in 1-2 days, and the same goes for UK and Europe if you use SEPA transfer to deposit to your account.

Coinbase only sells Ether and not Ethereum Classic. To buy Ethereum Classic you need to buy bitcoins on Coinbase and transfer the bitcoins to Binance to exchange them for Ethereum Classic.

Kraken

Kraken is based in Europe and is one of the largest ETH/EUR trading markets. Kraken is a good option if you live in Europe and want to buy a large amount of Ether tokens.

You can also purchase Ethereum Classic on Kraken.

Gemini

Geminiis a New York based crypto-exchange. You can buy Ethereum in the USA using ACH deposit.
It also serves Canada, some European countries, Hong Kong, Japan, and Korea.

CEX.io

CEX.io is based in the UK and is one of the oldest crypto exchanges online. You can buy Ether with SEPA in Europe or with ACH from inside the United States of America.

Get an Ethereum Wallet

Before we move onto other options:
Never store your ETH or ETC on an exchange!
Always withdrawal your Ethereum or Ethereum Classic to an offline wallet like the Ledger Nano S or any other wallet that you control.

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