The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our partners. Ethereum is extremely popular, with over 116 billion coins currently in investors’ hands. But just because it’s one of the more well-known cryptocurrencies doesn’t mean it’s right for you. When choosing a funding method, review the crypto exchange’s fees; they can vary based on the method. That’s why it’s important to consider your risk tolerance along with the diversity and stability of the rest of your investment portfolio before buying Ether.
Buy ETH with traditional payment types directly from sellers. Check which services you can use based on where you live.
If someone is selling what you want and accepting a payment method you can provide, you’re good to go. DEXs can let you buy ETH with other tokens, PayPal or even in-person cash deliveries. Forbes Advisor adheres to strict editorial integrity standards. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available.
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If you plan on buying a lot of ETH you may want to keep it in a wallet you control, not an exchange. That’s because an exchange is a likely target for hackers. But this also means you need to take the security of your funds seriously. With ETH, you’re not trusting a bank to look after your money, you’re trusting yourself.
Essentially, ETH is the driving force behind the capabilities of the Ethereum Network overall. With the Ethereum Network offering vast opportunities for development, ETH is an investment that many see as more promising than Bitcoin. Ethereum is also backed by multiple Fortune 500 companies and is being used by multiple financial institutions. For all of these reasons and more, many investors are rapidly adding ETH to their portfolios.
You may also need to verify your identity in one of a few ways, depending on the company. If you’re looking to buy Ethereum, you’ll need to work with a broker or exchange that can help you place trades. At Bankrate we strive to help you make smarter financial decisions. While we adhere to stricteditorial integrity, this post may contain references to products from our partners.
Buy with other crypto
Decentralized exchanges are open marketplaces for ETH and other tokens. Those are some of the most prominent features, but find a partner that fits your needs. Bankrate has reviewed some of the top players for buying and selling cryptocurrency. All of our content is authored by highly qualified professionals and edited by subject matter experts, who ensure everything we publish is objective, accurate and trustworthy.
Performance information may have changed since the time of publication. After your purchase of Ethereum has been processed, you have to store your cryptocurrency. While some platforms will store it for you, some people opt to store their investments themselves to reduce the likelihood they will lose their crypto to a hack. What’s more, historically exchanges that have been hacked have reimbursed any losses. That said, taking custody of your assets yourself presents other risks, including being potentially locked out of your account.
So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. Once you have purchased ETH through the exchange, you can withdraw that currency into your bank account or awalletthat you control. Fiat exchanges make it easy to withdraw ETH by simply selling and sending the proceeds to your bank account. On a C2C platform, you would need to code transfer your ETH to a fiat exchange and then sell to cash out. On all platforms, you also generally have the option to send ETH to a wallet. If you’re looking to expand into the crypto world, a crypto exchange can let you trade other kinds of crypto coins, though usually not other kinds of investments.
Experts recommend that you never invest more in crypto than you can afford to lose. We are an independent, advertising-supported comparison service. Telcoin is a digital currency that powers the TELx network, allowing users to transfer payments globally without an intermediary. The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace.
Decentralized exchanges (DEXs)
Still, with that kind of return potential, it’s little wonder that it’s a popular choice among traders looking to buy crypto. Since each individual’s situation is unique, a qualified professional should always be consulted before making any financial decisions. Investopedia makes no representations or warranties as to the accuracy or timeliness of the information contained herein.
Deposit Currency
Some of the top crypto exchanges let clients trade more than 100 kinds of crypto coins. Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities.
If you don’t want to buy a whole Ethereum token or don’t have enough money in your account for a full coin, you can purchase a fraction of one. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Cronos is the native token for the Crypto.org blockchain designed by Crypto.com. Learn more about Crypto.com and how its token, Cronos, is used and traded. A cryptocurrency is a digital or virtual currency that uses cryptography and is difficult to counterfeit.
But before you can buy Ethereum , you’ll need to open an account and verify your identification. Exchanges and wallets have restrictions on where they can sell crypto. Exchanges are businesses that let you buy crypto using traditional currencies. They have custody over any ETH you buy until you send it to a wallet you control.
Your wallet should give you instructions on protecting against this. Be sure to follow them carefully – in most cases, no one can help you if you lose access to your wallet. With a DEX you can trade without giving control of your funds to a centralized company. For example, if the price of Ethereum is $2,000 and you invest $100, you will purchase 5% of an Ether coin. This is just like when you purchase a fractional share of a stock.
As one of the two largest cryptocurrencies in the world, investors can trade Ethereum easily on fiat exchanges. Many companies allow you to deposit money as part of the account-opening process, or you can do so soon after. You’ll need to connect your bank account with your broker or crypto account and then can transfer the money.