- Buy ETH and 50+ other cryptos
- Pay by bank transfer, credit or debit card
- Take advantage of a wide range of extra features
Ethereum is an altcoin with several do more than just be bought and sold.
Here, you can find a list of places to buy Ether and learn more about what makes it different. If you’re planning to purchase Ether, it’s worth knowing more about the coin’s features and its pros and cons.
The most straightforward way to get Ether (ETH) might be to buy it on an exchange or through a brokerage service.
Depending on the service, you might be able to make a bank transfer, pay by credit card, use PayPal, SmartMoney or GCash or even pay with cash at a smart ATM or bank branch.
Other ways to get ETH:
Ethereum’s lets users set up “smart contracts.” These can do almost anything a user wants, with anonymity, with no set point of failure and with complete trustworthiness and reliability.
This essentially lets you cut out the middleman in any kind of transaction, while still making the transaction with complete reliability, security and trustworthiness.
This makes it possible to do things that simply weren’t an option before.
Imagine an international organization that charges nominal membership fees, like an online fan club.
Ethereum’s blockchain and smart contracts system makes the impossible possible.
|With smart contracts||Without smart contracts|
There are already plenty of real-life examples of people using it in ingenious ways. For example, a company has created its own tokens to trade for electricity on the Ethereum blockchain, and individuals have started using it to source funding for their own projects without paying a cut to middlemen like Kickstarter or Patreon.
The coin itself, Ether (ETH), is the fuel for smart contracts. In simple terms, it’s used to pay the miners who donate computing power to process transactions and execute smart contracts.
value of Ether increase as more people start using smart contracts and the Ethereum blockchain becomes more widely used.
Ethereum. The name of the blockchain. Often used to refer to “Ether” and the system in general.
Ether (ETH). The coin on the Ethereum blockchain. Sometimes referred to as “gas” because it fuels transactions.
Ethereum classic (ETC). A similar type of coin that came about due to a previous hard fork on the Ethereum blockchain.
Ethereum Virtual Machine (EVM). The network of miners whose computing power processes transactions and executes smart contracts
Like other cryptocurrencies, you hold ETH in a cryptocurrency wallet. However, not all wallets are compatible with it.
Some of the options include the following:
It’s worth taking the time to compare the various options and features of each wallet if you plan on holding ETH.
There are several issues that traders will want to take into account when considering Ether.
The first problem is that writing a “bulletproof” smart contract is easier in theory than in practice. The hard fork that created Ethereum Classic (or Ether depending on how you look at it) came about as the result of a loophole in a contract, which led to the theft of about US$50 million worth of ETH.
A report from Microsoft pointed out that a large-scale analysis of published contracts on the Ethereum blockchain would most likely reveal a lot of vulnerabilities.
This is being addressed with the creation of publicly available “templates” of sorts, and users simply getting more experienced with time.
All smart contracts are stored publicly on every node of the blockchain. This helps drive transparency and security, but also to performance issues.
As more users get involved and smart contracts become increasingly common and complex, performance issues might get worse.
Worse performance to slower transaction times and increased transaction costs, which the point of it all.
There are several proposals in place to address these issues, but to date there’s no solid timeframe or detailed plan.
When forecasting the price of Ether and the value of the Ethereum blockchain, you might want to consider the following:
Learn more about Hedera Hashgraph and how to buy HBAR in this guide.
Learn more about Synthetix, including how it works and where to buy it.
Check out with step-by-step guide on how to get started with Aeon. Find out how it works, where to buy, and so much more.
See how Remitano works and find out how to buy and sell BTC, ETH, USDT and more peer-to-peer.
Read the Zebpay review to find out how to use the app and what to watch out for.
Find out everything you need to know about the Bit-Z cryptocurrency exchange, including its fees and supported currencies, to decide whether it’s the right trading platform for you.
Your guide to the European cryptocurrency exchange BitBay, which allows users to buy and sell 11 popular digital currencies.
If you’re looking for a secure, decentralised exchange where you can trade a huge range of Ethereum ERC20 tokens, check out our review of IDEX.
Your guide to the QRYPTOS cryptocurrency exchange, the coins it allows you to buy and sell, and its pros and cons.
A comprehensive review of the Ethfinex ERC20 cryptocurrency exchange, including its features and drawbacks.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.