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Where to buy Ethereum (ETH)

A beginner's guide to buying and trading Ether in the US.

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Ethereum’s native asset, Ether (ETH) is one of the best known digital currencies and can be traded on a huge range of crypto exchanges. Ethereum was proposed by Vitalik Buterin in 2013 and went into development in 2014, and has grown immensely over the years.

Disclaimer: This information is not financial advice or an endorsement of cryptocurrency or any specific provider, service or offering. Cryptocurrencies are highly volatile and high risk. Do your own research and seek financial advice before buying. Please check with providers if their services are available in your state.
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Quick guide: How to buy ETH

  1. Register for an account on an exchange like eToro
  2. Enable two factor authentication
  3. Choose your deposit method
  4. Enter your deposit amount and initiate the payment
  5. Once your account has been credited, go to the trading page
  6. Choose the cryptocurrency you want to buy
  7. Enter the amount you want to purchase
  8. Check the transaction details and confirm the purchase
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This is our quick guide to just one way to buy ETH. Compare some other options in the table below.

Where to buy Ethereum (ETH)

You can find and compare Ethereum exchanges on deposit methods, fiat currencies and more. After you’ve found the right fit, click Go to site to start trading.

Name Product Deposit methods Fiat Currencies Cryptocurrencies
eToro USA LLC Cryptocurrency Trading
Wire transfer, Online banking
USD

18
cryptocurrencies

Disclaimer: eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.

Copy the trades of leading cryptocurrency investors on this unique social investment platform. Non-US residents can read our review of eToro's global site here.
Robinhood Cryptocurrency Exchange
Bank transfer, Cash, Debit card
USD

17
cryptocurrencies

Trade a handful of leading cryptocurrencies with this easy to use mobile app.
Coinbase Digital Currency Exchange
Bank transfer (ACH), Credit card, Debit card, Bank transfer (SEPA), Wire transfer
USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN & 10+ more

50
cryptocurrencies

Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges.
Gemini Cryptocurrency Exchange
Bank transfer (ACH)
USD, AUD, CAD, EUR, GBP, SGD, HKD

40
cryptocurrencies

Trade bitcoin, Ethereum and more at a US-based exchange where payments can be made in USD.
Crypto.com App (US)
Credit card, Cryptocurrency, PayPal, TransferWise, SEPA
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 9+ more

76
cryptocurrencies

Get 0% fees on credit/debit card purchases for 30 days after signup.
Buy 80+ cryptocurrencies, earn up to 8% p.a. on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
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A step-by-step guide to buying Ethereum

How to buy Ethereum with either USD or another cryptocurrency:

Step 1. Create an account on an exchange that supports ETH

Look for an exchange that lists ETH in one or more currency pairings, and sign up with your email address and a password. Compare exchanges when buying ETH to find the lowest fees and freshest exchange rates.

  • Note: Many exchanges also require your full name, contact information and proof of ID before allowing you to trade.

Step 2. Deposit funds into your account

If your exchange supports Ether you’ll be able to buy ETH directly with US dollars (USD). Some exchanges charger varying fees depending on the amount of ETH you’re buying, so pay attention to the cost of your transaction.

  • Note: Some payment methods have higher fees, with credit card payments usually being the most expensive.

Step 3. Buy ETH

Navigate to the markets section on your chosen exchange to find your desired ETH pairing. Look for the section on buying ETH, and type in the amount of the paired cryptocurrency you want to spend or the amount of ETH you want to buy.

  • Note: Carefully review your transaction details — including the amount of ETH you’re buying and the total cost of the purchase — before completing the transaction.

How to sell Ether

If you want to sell your ETH tokens, the good news is that they can be exchanged for an extensive range of digital and fiat currencies on many different exchanges.

The selling process is similar to the buying process outlined above in step 4, except for the key difference that you’ll need to enter your transaction details in the “Sell” field.

Find step-by-step instructions for selling ETH in our complete guide

Which wallets can I use to hold Ether?

While some people choose to store their crypto tokens in their exchange account, this is not recommended. As exchanges are regular targets for hackers and thieves, it’s generally considered a much safer option to move your ETH tokens into a wallet which allows you to retain full control of your private keys.

Happily, there are heaps of choices available when searching for an Ethereum wallet. Options you might like to consider include:

For more information, check out our guide to the best Ethereum wallets

How Ethereum works

Launched in 2015, Ethereum is an open-source blockchain platform which developers can use to build and run decentralised applications (dapps). Its key feature is that it allows developers to create smart contracts, which are self-executing contracts that automatically complete tasks when specific conditions are met. As an example, a basic smart contract could say, “Pay John $50 if he emails me a 10-page report on pet obesity by November 30, 2018.”

These smart contracts are executed by the Ethereum Virtual Machine (EVM), which is powered by a decentralized international network of nodes. In the real world, Ethereum can be used to power dapps and smart contracts across a diverse range of industries, including everything from finance and insurance to supply chain management, betting and file storage.

Ether is the native cryptocurrency of the Ethereum network. It is used by developers to pay for transaction fees and services on Ethereum, and can also be traded on a wide range of crypto exchanges.

Find out how the Ethereum platform works in our comprehensive guide

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What to consider before you buy Ether

Cryptocurrencies are complicated and volatile assets, and buying any digital coin or token comes with a high level of risk attached. Before you buy, make sure you do plenty of research and that you recognize the factors that could potentially drive the price of a crypto asset either up or down.

If you’re thinking of buying Ether, consider the following factors first:

  • Move to proof-of-stake. Though it started life as a proof-of-work cryptocurrency, Ethereum will soon be shifting to a proof-of-stake system as part of the Casper update. Designed to improve scalability and tackle centralisation, Casper’s success (or otherwise) will have a big impact on the future of Ethereum.
  • Market leader. As it stands, Ethereum has the biggest profile of all the dapps platforms currently in existence. Thanks to its early-mover advantage, Ether is the world’s second largest digital currency in terms of market cap and the Ethereum platform is synonymous with the development of dapps.
  • Competition. However, Ethereum is also operating in an increasingly competitive market sector. NEO, Lisk, EOS and Cardano are just some of the dapp platforms that look set to compete with Ethereum in the future.
  • Enterprise Ethereum Alliance (EEA). The EEA is a non-profit corporation that aims to accelerate the adoption of Ethereum’s blockchain technology by businesses. If it can successfully drive increased use of Ethereum, this could potentially lead to increased demand for ETH.

Frequently asked questions

Can I buy Ethereum with cash?

Yes. There are a limited number of exchange platforms that list ETH in trading pairs and also accept cash deposits. For example, Cancoin allows you to purchase ETH with cash directly from a seller.

Can I buy Ethereum with a credit card?

Yes, some exchanges such as Coinbase and Coinmama allow you to purchase crypto with a debit card.

Can I buy Ethereum using my bank account?

Yes. There are several crypto exchanges that list ETH and allow you to deposit USD from a bank account. To find the right fit, compare a variety of exchanges on cryptocurrency support and more.

Can I buy Ether anonymously?

It’s becoming increasingly difficult to acquire cryptocurrency without providing ID. However, you may be able to trade ETH on a decentralized exchange that doesn’t require customers to provide any personal details, or by using a peer-to-peer marketplace like Localethereum.

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Picture: Shutterstock

Disclosure: At the time of writing the author holds ADA, ICX, IOTA and XLM.

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2 Responses

    Default Gravatar
    BrianDecember 1, 2018

    What do you say about acquiring ETH and other cryptocurrencies using changenow.io? I found VISA and Mastercard support here, and I do not need to register, and I can buy coins for any amount. I think you should consider this exchange.

      Avatarfinder Customer Care
      johnbasanesDecember 7, 2018Staff

      Hi Brian,

      Thank you for leaving a question.

      I have already forwarded this request to our publishers and will get feedback once we have word on creating a review page for this. Thanks for the information.

      Cheers,
      Reggie

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