You simply place a sell order on the exchange – like Coinase or Binance. It’s important to note that you don’t have to sell Ethereum and receive cash for it. We recommend using Coinbase as a digital wallet because it’s incredibly easy to use, allows you to invest in Bitcoin and Litecoin as well, and they will give you a bonus for signing up.
Visit the “spot trading” page to place an order once you have any suitable cryptocurrencies in your OKX wallet. You can buy any of these cryptocurrencies with your local currency via the “Buy with card” or “P2P trading” page or transfer them into your OKX wallet from an external wallet. Its native token, Ether, is the second-largest cryptocurrency by market capitalization, boasting a market cap of over $500 billion at its peak. Ethereum is like a vast, interconnected brain that allows developers to come together and collaborate on a decentralized application network.
Is Ethereum a good investment?
You can purchase ETH through the Binance website or by using the Binance app. You can fund your Binance account with a credit card, debit card, or bank deposit and store your purchased ETH on the Binance exchange or in an external wallet. Whether you’re looking to buy, sell, trade, or hold digital assets for immediate or future use, there are myriad ways to approach accomplishing these goals.
In the cryptocurrency wars, I like to view Ethereum like the diamond of the currencies – it has both a intrinsic value and an industrial value. Compare this to Bitcoin, which operates like gold – not much industrial value, but people buy it and sell it based on its intrinsic value to the holder. MoonPay allows you to easily sell Ethereum and cash out directly into fiat currency and your bank account. Different cryptocurrency platforms charge different fees, and sadly there isn’t a lot of consistency in how those fees are calculated.
The Ascent’s best places to buy Ethereum
Most exchanges let you buy as little as $5 worth of ETH, if not less. Just type in how much you want to spend in USD and let the exchange work out the rest. Don’t worry too much about extra features or coins for now – you can always sign up with another exchange later.
This means that Coinbase is a safe and compliant choice for both new and experienced traders. Ethereum and many other popular cryptocurrencies are available for trading on Coinbase. Log into your CoinGate account How to buy ethereum and navigate to the “Buy & Sell” tab on the menu. Then, select the preferred method of payment (bank account or credit card). Just be aware that fees are rarely standard across the various trading platforms.
Get smarter about crypto
Before you can buy Ethereum through a crypto exchange, you have to fund your account. In most cases, you’ll deposit money from a bank account, like your personal checking or savings account. You can also generally complete wire transfers, use a debit card or deposit money from PayPal. If you’ve ever purchased cryptocurrency before, you’ll have an easy time investing in Ethereum. As the second most popular cryptocurrency on the market, most exchanges that offer access to crypto trading will allow you to buy and sell Ether.
Ideally, you should have a large emergency fund, be maxing out your retirement accounts and have minimal debt. Even if you can check all those boxes, it’s important to diversify your portfolio, so only a portion of your investments should be in Ethereum and other cryptocurrencies. The first step to purchasing Ethereum is to find a broker, app or exchange that can make the trade.
The Bankrate promise
On a less nefarious level, hard to parse platforms can also conceal complicated or predatory fee structures. Our multi-coin wallet is able to store a wide range of altcoins/crypto coins/crypto tokens, Trust Wallet is also one of the safest Ethereum wallets for Android and iOS phones. Just enter the merchant Ethereum recipient address or scan the QR code and complete your transaction. Pay for meals, flights and more using cryptocurrencies on Trust Wallet. MakerDAO, a decentralized money market on Ethereum for users to borrow and lend assets, including ETH, spends $27.66 million annually to keep the protocol runni… You’ll need a way to securely store the private keys that allow you to sell, spend or otherwise use your digital currencies.
TheCollegeInvestor.com has an advertising relationship with some or all of the offers included on this page, which may impact how, where, and in what order products and services may appear. The College Investor does not include all companies or offers available in the marketplace. And our partners can never pay us to guarantee favorable reviews (or even pay for a review of their product to begin with). Ethereum is an open-source software platform that enables anyone to create decentralised applications and run smart contracts.
Choose where to store your Ethereum
Trust Wallet provides you with a simple and easy way to buy Ethereum with a credit card. If you’re interested in investing in Ethereum, and specifically Ether, you need a digital wallet connected to a cryptocurrency exchange. Cryptocurrency investment is an exciting world, but unfortunately it has attracted its fair share of bad actors. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site.
- Dollar-cost averaging is the practice of spreading out your investment into several smaller investments over several days, weeks, or months.
- Securities offered through Robinhood Financial LLC, a member of FINRA and SIPC and a wholly-owned subsidiary of Robinhood Markets, Inc.
- When she isn’t obsessing over grammar and punctuation, she enjoys baking, reading books, and being a proud dog mom.
- The second large bull market started at the end of 2020 and reached an all-time high of $4,811 in 2021 before bottoming out at under $1,000 in June 2022.