If you are interested in cryptocurrency and want to know where to buy Ethereum, then look no further. This helpful guide will tell you everything you need to know.
Why invest in Ethereum?
With the number of cryptocurrencies on the market, it can be daunting and confusing choosing which one to buy. Bitcoin is always a favourite for beginners and experienced investors alike, however, Ethereum isn’t far behind.
There are currently over 100 million Ethereum tokens in circulation with the cryptocurrency being used to incentive its miners to run their mining hardware on the platform. The tokens can also be used for payments between users, similar to Bitcoin. With more and more places accepting cryptocurrency as a payment, it is no surprise Ethereum is becoming a popular digital asset.
Ethereum is not only a personal favourite. It can also be used for developments in major industries such as healthcare. Ethereum has the potential to revolutionise the health care system by allowing patients’ documents to be safely and securely shared with other hospitals and GPs. Doing this will make all processes much more efficient. If a patient was to become ill abroad, for example, the hospital would be able to get hold of their documents in minutes.
Where to buy Ethereum
Are you still interested in where to buy Ethereum? Now we will go through some of the main ways to buy this popular cryptocurrency.
Buy with an exchange
There are several exchanges that sell Ethereum. Below are three of the most trusted and secure exchanges that are suitable for not only the tech-savvy but beginners too.
Coinbase is one of the most popular exchanges to buy Ethereum. It supports over 32 different countries and has been active since 2012, making it one of the oldest exchanges. The exchange is the cheapest around and extremely easy to use, making it a beginner’s favourite.
Coinmama is a worldwide exchange known for selling Ethereum. The site allows you to buy ETH with a credit or debit card, making it versatile and easy to use if you have had no experience of buying crypto before. It is a very reputable exchange that has been in the crypto space since 2014 and has an extremely fast service.
Bitpanda is an exchange that specialises in buying and selling crypto inside Europe. It offers a wide variety of payment options, allowing users to choose how they would like to pay. Bitpanda also has an intuitive interface for purchasing Ethereum and is great for beginners as it is easy to use.
Buying with LocalEthereum
LocalEthereum is a local peer-to-peer marketplace, that allows individuals to connect with each other in order to buy and sell Ethereum. This is a great way of buying Ethereum if you want to stay anonymous and connect with a wide variety of sellers. The variety of this marketplace is high, however, so is the risk. When using P2P marketplaces, it is important to be vigilant and ensure the person you are trading with is trustworthy.
If you are looking for an alternative way of buying Ethereum then you might be interested in mining it instead. To mine Ethereum you will need to use your own CPU mining computer. There is also free mining software available that can be used dependent on the cryptocurrency. Two good examples are ‘Minergate’ and ‘Ethminer’, they are both are great softwares that are compatible with Windows, Linux and Mac. For more information on how to mine Ethereum, check out our handy guide here.
Ethereum is a disruptive technology that is set to change how the internet and large sectors work. With this, ETH is becoming increasingly popular and many are now wanting to invest in this attractive cryptocurrency.