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thereum (Ether) launched in 2015 but soon the market capital become greater  of all other cryptocurrencies—but Bitcoin. At the start of 2017, the price of  ETH was less than $10.  Today at the time of wiring this blog the price of ETH is $476.50

This amazing growth in price, combined with a wider understanding of the Ethereum’s potential, has many new investors looking to buy Ethereum.

How to Buy Ethereum

The easiest way to buy Ethereum is to use an online cryptocurrency exchange. This guide will detail the differences between exchanges, while linking to complete reviews and user guides of each exchange mentioned.

ethereum post cryptocointek

Purchasing Ethereum can be done easily at any of the Ethereum exchanges below. Once Ether has been purchased for fiat currency (USD, EUR, GBP etc), the funds can be stored on the exchange itself or in your own secure wallet.

“The Best Ethereum exchanges”

#1 Coinmania

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.

#2 Coinbace

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 Poloniex to exchange them for Ethereum Classic.

Buy ETH worth $100 and get $10 worth ETH extra

Sign up!

Beginner-FriendlyBuy OptionAvailable CryptocurrenciesRating
YesBank Transfer, Credit CardBTC, ETH, LTC4.6

#3 Bitstamp

  • legitimate and verified.
  • Very low fees.
  • Transparent.
  • mini Deposit $5
  • Buy with Credit card/ Debit Card / Bank Transfer
  • Beginner Friendly

#4 Ethexindia

Ethexindia – It is also a good platform and follows the same process, but temporarily signup is stopped on this exchange due to surge in demand

India’s first marketplace for Ethereum tokens

If you have never purchased any crypto befor at any exchange, I am explaining the process below to make it easier for you to understand.

Below is the process explained for purchasing ethereum at koinex but at ethexIndia too, the process remains nearly same

After completing your SignUp and KYC, login to your account.

Select Ethereum from dropdown menu.

Sign up!

#5 Koinex

Koinex – The best trading website now. You can signup and complete KYC (hardly takes a day). As soon as you complete KYC, you can start trading.

  • legitimate and verified.
  • Very low fees.
  • Transparent.
  • you can quickly transfer money to and from your bank account, deposit takes hardly 5 minutes and withdrawal if quick and sometimes takes hardly up to 1 hour.
  • Good for traders
  • Also yes! you can buy Bitcoin, Bitcoin Cash, Litecoin and Ripple.
  • Prices compared to international standard are nearly seen.

Sign up!

Beginner-FriendlyBuy OptionAvailable CryptocurrenciesRating
YesBank TransferBTC, ETH, XRP, LTC4.4

 

Buy Ether in a few simple steps

The process of buying Ether will vary from exchange to exchange, however the principles are very much the same. Those new to currency purchases need not be alarmed, many exchange platforms make it as easy as sending a single online payment.

1. Register at an exchange

Register at your chosen exchange by submitting a few personal details. Full identity checks are often included later in the process when a deposit or withdrawal is made.

2. Complete KYC/identity checks

Before/after depositing, or prior to withdrawal, exchanges must carry out “Know Your Customer” (KYC) and Anti-Money Laundering (AML) checks. Exchanges will require proof of address and photo identification to proceed.

3. Choose a deposit method
Each Ethereum exchange will offer their own banking methods. These are often a mix of bank wire transfers, SEPA, credit/debit card or PayPal payments. Each exchange will typically charge a fee for each deposit method; fee details are usually found in the footer of the exchange’s website.

4. Make a deposit in US dollars, Euros etc
Deposits will take from as little as 24 hours to several days to arrive in your exchange account. Deposit times will vary from exchange to exchange and the deposit method chosen.

5. Buy Ether with your deposited funds
Once your fiat currency has arrived in your exchange account, you can use this currency to purchase Ether. Beginner friendly platforms such as Coinbase have made this process very simple. Exchanges which make purchases easy have been marked above with a tick symbol under “Beginner Friendly”.

Secure Ether : Get a Hardware Wallet

Be sure to get yourself a Hardware wallet that will safely store your Ether coins. There is lots of scams, offers / exchanges out to steal your coins. You can avoid these theft, scams, or any other loss of fund simply One. By making a research before choosing any exchange. Following are some best Hardware Wallets.

 

 

Also check our Bitcoin buying guide

Thank you!

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