How to buy Ethereum in the UK

If you want to learn how to buy Ethereum in the UK, this helpful guide will provide you with all the information you need to know.

As people have started to embrace cryptocurrencies, popular coins such as Ethereum and Bitcoin have risen in price from time to time. Because of this, global exchanges and wallets have ensured that they support Ethereum and all other ERC-20 tokens. ETH has been publicly traded since 2016 and has grown to be one of the largest cryptocurrencies in the world. With this, many crypto users want to get their hands on this popular altcoin.

How to buy Ethereum

If you live in the UK and want to purchase some Ethereum, you will need to buy it through either a cryptocurrency exchange or a peer-to-peer platform that offers Ether. First, you will need to set up an account on an exchange.

In order to purchase Ethereum, you will need to:

1. Choose an exchange
2. Set up an account on your chosen exchange
3. Deposit funds through a bank transfer, credit/debit card, a dedicated eWallet or using a different type of cryptocurrency such as Bitcoin
4. Exchange your funds for the chosen amount of Ethereum
5. Withdraw your funds into your own hardware wallet – this is an optional step, but is highly recommended

How to choose an exchange

When choosing an Ethereum exchange, you will have to analyse all the different features and choose one that is best suited to your needs.

Some important factors to remember are as follows:

• Fees – Fees on all exchanges will vary. You will ideally need to examine the deposit, withdrawal, and transaction fees. But remember, exchanges with the cheapest fees are not always the best.
• Payment methods – You will need to find out what payment options the exchange will accept. This can vary from credit/debit cards to wire transfers. 
• Supported countries – This may be the largest factor when choosing the exchange you wish to use. If the exchange does not support the country you live in, there will be no point setting up an account.
• Liquidity: You’ll want to know that your buy order can be fulfilled quickly, so you’re not waiting around and losing value.
• Customer support – If you are a beginner, you may be in need of customer support at various stages of your purchasing process. If an exchange is not beginner friendly and does not provide reliable support, you might struggle when making your purchases.

Conclusion

As Ethereum becomes more popular, the number of exchanges offering ETH and options for purchasing the asset will increase dramatically. If you are a beginner, you will need to remember to choose an exchange with an easy interface and helpful customer support.