How to buy and trade Ethereum (ETH) in the US | finder.com
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How to buy Ethereum (ETH)

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

As the native asset of the Ethereum network and one of the best known digital currencies, Ether (ETH) can be traded on a huge range of crypto exchanges.

If you want to acquire some of this popular cryptocurrency for your portfolio but don’t know how, you’re in the right place. Keep reading for step-by-step instructions on how to buy Ether.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

How to buy Ethereum in the US

  1. Register for an account with an exchange like Coinbase.
  2. Enable two-factor authentication.
  3. Verify your account.
  4. Go the “Settings” menu and click on “Linked Accounts.”
  5. Click on “Link a New Account” and add a payment method.
  6. Click on “Buy/Sell” at the top of the screen.
  7. Select Ethereum.
  8. Enter the amount of ETH you want to buy or the amount of USD you want to spend.
  9. Review the transaction details.
  10. Click “Buy Ethereum.”
Go to Coinbase's website

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)

Name Product Deposit methods Fiat Currencies Supported Cryptocurrencies
Bank transfer
Credit card
Debit card
Bank transfer (SEPA)
USD, GBP, AUD, EUR, INR, ARS, BRL, CAD, CNY. NZD, DKK, HKD, ILS, JPY, KES, CHF, MXN, NOK, PHP, PLN, SGD, SEK, AED
BTC, LTC, ETH, BCH, BAT, DASH, BTG, XRP, VOX
Buy, send and convert more than 35 currencies at the touch of a button.
Cryptocurrency
BTC, XRP, USDT, ETH, NEB, XVG, TRX, NEBL, ETH, NEO, FUN, ETC, BCC, POE, DASH, ELF, ICX, BNB, ZRX, APPC & 80+ more
Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.
Bank transfer (ACH)
Cash
Credit card
Cryptocurrency
Wire transfer
AUD, USD, GBP, EUR, JPY, SGD, HKD & 40+ more
BTC, BCH, ETH, XRP, ETC, LTC, XLM, ADA, BTG, TRX, REP, BAT, DASH, DGB, DOGE, GNT, LSK, XMR, XEM, NEO, OMG, QTUM, SNT, STRAT, TRX, XVG, VTC, ZEC, ZRX
Buy and hold 28+ cryptocurrencies and more than 50 different fiat currencies in this all-in-one wallet and exchange app.
Cointree Cryptocurrency Exchange - Global
Cryptocurrency
-
BTC, ETH, BCH, EOS, MIOTA, ZRX, AE, AION, REP, DGD, ICX, IOST, OMG, PPT, SNT, TRX, VET, ZIL, ZEC, LSK, DCR, SC, STEEM, GNT, DGB, BAT, KMD, BTG, ADA, DASH, ETC, OIST, LTC, XMR, XEM, NEO, ONT, QTUM, XRP
Buy and trade 30+ cryptocurrencies with no deposit fees.
Credit card
Debit card
AUD, USD, EUR, GBP, CAD, CNY & 50+ more
BTC, BCH, ETH, LTC, ETC, ZRX, BAT
Get US$10 in free bitcoin when you buy US$100 or more of any crypto. T&Cs apply.
Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges.
Cash
Credit card
Debit card
Bank transfer (SEPA)
USD, EUR
BTC, ETH, ETC, BCH, LTC, ADA, QTUM, XRP
Buy coins like Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash with credit card.
Credit card
Cryptocurrency
Debit card
Bank transfer (SEPA)
SWIFT
USD, EUR, RUB, GBP
BTC, DASH, ETH, XRP, ZEC, XLM
Use your USD, EUR or RUB to buy and sell cryptocurrency at competitive exchange rates and with high maximums for verified accounts.
Bank transfer
Cash
POLi
AUD, GBP, USD
BTC, BCH, ETH, LTC, XRP, NEO, VEO & 400+ more
HiveEx.com is a global over-the-counter (OTC) cryptocurrency brokerage specialising in high-volume trades of $50,000+.
HiveEx.com and finder.com.au are members of the Hive Empire group of companies.
Credit card
Cryptocurrency
USD
BTC, BCH, MIOTA, XVG, NEO, ADA, XRP, TRX, ONT, ZIL, GAS, LTC, ZRX, QTUM, ETH, ETC, VET, ICX & 300+ more
CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
Cryptex24 Exchange
Cryptocurrency
MoneyGram
OKPAY
PayPal
Perfect Money
Western Union
USD, EUR, RUB
BTC, ETH, LTC
Buy and sell crypto and other digital currencies on this global fixed-rate exchange.

Compare up to 4 providers

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HiveEx.com is an over-the-counter (OTC) cryptocurrency platform specializing in high-volume trades.

  • Trade between $50,000 and $100m for a fixed price
  • Tap into HiveEx.com’s global network of high liquidity trading partners
  • Access competitive rates compared to traditional exchange trading
  • Receive your coins in your wallet fast, with same day settlement options
  • As an AUSTRAC registered company, HiveEx.com is fully compliant with industry-standard AML and CTF obligations

Ethereum vs Ether: What’s the difference?

Ether is the native token of Ethereum, a smart contracts platform which developers can use to build and deploy decentralized applications. However, despite this fact, it’s quite common to see the platform’s currency also referred to as Ethereum across crypto exchanges and online.

A step-by-step guide to buying Ethereum

There are two ways to buy Ether:

If you’re new to the world of cryptocurrency, you’ll most likely find that buying ETH directly with US dollars is the easiest option. However, we’ve also included instructions on how to buy ETH using another cryptocurrency (in this case bitcoin) if that’s your preferred approach.

Buying Ether with USD

There are several exchanges that allow you to buy Ether with US dollars, so make sure you compare the features and fees of a range of platforms before deciding which one you’d like to use.

For this example, we’ll show you how to buy ETH with USD on Coinbase.

Step 1. Register for a Coinbase account

If you choose to open an account with Coinbase, you can register by providing:

  • Your name
  • Your email address
  • Your phone number
  • Proof of ID

We recommend that you also enable two-factor authentication on your account before proceeding to step 2.

Step 2. Deposit USD into your account

Next, click on the “Settings” tab at the top of the page, navigate to “Linked Accounts” and click “Link a New Account.” There are three ways you can make a deposit:

  • Wire transfer
  • Debit card
  • Directly from your bank account

Step 3. Buy Ether

Once your deposit has cleared, click on the “Buy/Sell” tab at the top of the screen and click on Ethereum. You can then type in either the amount of ETH you want to buy or the amount of USD you want to spend. Make sure you review the details and total cost of your transaction before clicking “Buy Ethereum.”

Buying Ether with another cryptocurrency

If you want to exchange another cryptocurrency for ETH, there are myriad exchanges that allow you to do so. Make sure you compare the features and fees of a range of platforms before deciding which one you’d like to use.

To provide a clear example of exactly how to buy ETH with another cryptocurrency, let’s look at how to complete this transaction on Binance.

Step 1. Buy BTC

While Ether can be purchased using a number of popular cryptocurrencies, bitcoin is the easiest to acquire and trade.

If you already have some BTC, skip ahead to step 2. If you don’t, you can find step-by-step instructions on how to acquire some in our guide to buying bitcoin.

Step 2. Register for a Binance account

Go to the Binance website and click the “Register” link at the top right of screen. You can then sign up for an account by entering your email address and creating a password. Remember to activate two-factor authentication before proceeding to step 3.

In addition, please be aware that if you want a higher account withdrawal limit than 2 BTC, you’ll need to provide proof of ID.

Step 3. Deposit BTC into your Binance account

If your bitcoin is already stored on Binance, skip ahead to step 4.

However, if your BTC is stored on another exchange or in a bitcoin wallet, you’ll need to find the address of your Binance wallet so you can transfer the BTC into your trading account.

To do this, you’ll need to log in to your Binance account, click the “Funds” drop-down menu and then select “Deposits.” Choose bitcoin from the list of supported currencies and copy the wallet address or scan the QR code provided.

This is the destination address you must use to send a BTC deposit to Binance from your private wallet.

Step 4. Buy Ether

Now it’s time to click the “Exchange” tab near the top left of screen and choose the “Basic” trading view. Use the search box provided to find the BTC/ETH trading pair and then choose a limit, market or stop-limit order.

Enter the amount of Ether you want to purchase, but remember to review all the details of the transaction before clicking “Buy ETH.”

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.


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:

  • Supply. According to CoinMarketCap, at time of writing (October 2018) the circulating supply of ETH was 102,883,734. Unlike bitcoin, Ether does not have a maximum supply cap limit but instead an annual issuance capped at 18,000,000 ETH per year. Find out more in our guide to the ETH inflation rate.
  • 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.

Find out more about the factors that could influence the price of Ether in our ETH price prediction guide.

FAQs

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

  1. 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.

    • finder 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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