Ethereum is both a cryptocurrency and a platform for decentralized online services, which provides additional value to the technology. The blockchain system itself is correctly called Ethereum, and the cryptocurrency based on it is called Ether.
Ether is the second most popular cryptocurrency after Bitcoin. It is also the basis for many other altcoins and therefore is a profitable investment. If you are thinking about buying Ethereum as part of your portfolio, this article will help you choose the most convenient way.
Next, we will talk about three options for buying Ethereum.
How to buy Ether at Any.Cash
Any.Cash is a multi-currency cryptowallet in Telegram. It has a convenient functionality that makes buying cryptocurrency possible. A big plus is that ETH can be bought for hryvnias or Kazakhstani tenge, and not only for dollars and euros.
In order to buy ETH you need to:
1. Go to the Telegram-bot and increase the limits, depending on your needs;
2. Make a deposit to the wallet;
The deposit method depends on the chosen currency:
🇺🇦 UAH: WhiteBit, KUNA, Visa or MasterCard;
🇺🇸 USD: capitalist, ADVCash, Perfect Money;
🇪🇺 EUR: Perfect Money.
3. After making the deposit, go to the "📊Exchange" section and buy ETH;
4. Choose the exchange direction;
5. Enter the desired amount and confirm the exchange.
How to buy ETH on Binance
Binance is the largest cryptocurrency exchange by trading volume. You can buy various tokens there, and there are even 4 ways of how to buy Ether. We will go through the simplest one.
In order to buy ETH you need to:
1. Download Binance app to the phone;
2. Open the application and register there;
3. Go through the verification process;
4. Click on the Ethereum line, which is located in the "Coins" section.
5. Press the "Buy" button;
6. Choose the currency for which you want to buy ETH and enter the amount;
7. Choose the payment method (if you are a beginner, it will most likely be a debit/credit card);
8. Enter your card details and click "Confirm";
9. Confirm the operation in your bank application;
10. Check whether ETH has been credited to the wallet.
How to buy ETH on FTX
FTX is a centralized cryptoexchange made "by traders for traders". The interface is convenient, but it can be difficult for beginners to figure things out, because such exchanges require relevant experience.
In order to buy ETH you need to:
1. Register on the website;
2. Go through the verification process (only the first stage can be completed in order to buy);
3. Click on the "Spot" function and choose the trading pair ETH / USD;
4. Select "Buy" in the transaction window;
5. Enter the transaction amount;
6. Choose the type of your order;
7. Press the "Purchase"button;
8. Check whether cryptocurrency has been credited to the wallet in the "Wallet" tab.
Conclusion
Buying Ether is getting easier every year. The main thing is to choose a method that is best for you, and not to forget about the three whales: safety, availability, and timing.
