If you know you want to own some Ethereum, but you’re not sure which exact moment you should make your purchase, you can use dollar-cost averaging. Dollar-cost averaging is the practice of spreading out your investment into several smaller investments over several days, weeks, or months. Ethereum is a popular cryptocurrency that’s supported by almost all of the exchanges out there today. Kraken is an investor-friendly exchange that offers ETH margin and futures trading.

• Keep in mind that unless the exchange supports direct trading between USD and ETH, you may have to convert your USD to BTC first.
• Since each individual’s situation is unique, a qualified professional should always be consulted before making any financial decisions.
• Binance is a low-fee exchange that offers ETH staking and margin trading.

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What is the Ethereum merge?

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Once you’ve bought some ETH, think about what your short and long-term goals are. This will help you decide whether to keep it on an exchange, or move it to your own wallet. Some platforms only offer 1 way to buy Ethereum, while others provide several choices. The 2 most common ways to buy ETH are on the spot market or with an “instant buy” feature. Keep in mind that these are suggestions and that the exchange that is best for you will depend on your individual needs.

Identify a Platform for Trading

If you’re buying Ethereum for the first time, you’ll want an easy-to-use platform with plenty of educational resources. If you prefer mobile apps to web browsers, look for an exchange with a good app. Crypto.com’s user-friendly mobile app is a separate product from its main exchange. How to buy ethereum The app is available in 49 U.S. states and allows users to earn interest on Ethereum assets. However, customers need to stake Crypto.com’s native coin (CRO) to make the most of the app’s benefits. The second is that it allows a limited number of free withdrawals each month.

• It’s important to remember that Ether (ETH) is a currency, and should be treated as such by investors.
• If you’ve ever purchased cryptocurrency before, you’ll have an easy time investing in Ethereum.
• The 2 largest sectors being disrupted by DeFi today are lending and trading.
• 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.

If you’re working with a crypto exchange, you can also often deposit cryptocurrency in your account that can then be traded. Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. You can buy ETH in our spot market using various cryptocurrencies, such as Bitcoin, Litecoin, and USDT, to name a few.

Where You Can Buy Ethereum

Fast delivery, good online tutorials, the cold wallet has support for multiple apps and also supports ‘staking’ using Ledger Live. A simplified KYC procedure is enough to buy digital assets fast and without much of a hassle. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. Carefully consider investing in ETH as part of a wider strategy, and talk to a financial advisor if you have any questions.

Compare today’s price of Ethereum ($1,894.84 USD) against its all-time high (ATH) price of $4,878.26 USD on November 10, 2021. The closer the bar is to 100%, the closer ETH is to reaching its ATH again. You’ll find the spot market under a “Trade” or “Spot” heading on the site or app menu of the platform you’ve chosen to use.

Does it have a wide selection of cryptocurrencies?

For example, you might find a cryptocurrency exchange that offers free trading but charges you a lot of money to withdraw your funds. Ethereum was the first cryptocurrency to introduce smart contracts. A smart contract is a tiny piece of code that lives on the blockchain, and it’s the technology behind the decentralized finance (DeFi) industry.

The Ethereum blockchain token known as ether (ETH) is one of the world’s top three cryptocurrencies. As of May 2022, it has the second-highest market value at around $246 billion, falling behind Bitcoin’s roughly $571 billion; and leading Tether’s third-place market cap of about $75 billion. Ethereum is extremely popular, with over 116 billion coins currently in investors’ hands. But just because it’s one of the more well-known cryptocurrencies doesn’t mean it’s right for you.

All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Securities offered through Robinhood Financial LLC, a member of FINRA and SIPC and a wholly-owned subsidiary of Robinhood Markets, Inc. Robinhood Crypto and Publisher are not a members of FINRA or SIPC and cryptocurrencies are not stocks and your cryptocurrency investments are not protected by either FDIC or SIPC insurance. Some exchanges give a certain number of free withdrawals each month.

The good news is that, because Ethereum is so popular, crypto exchanges, apps and many brokers will let you trade it. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers. In just a few clicks, you can buy ETH on OKX with various payment options.

Swap / Trade Ethereum

The spot market is where buyers and sellers come together to place bids for ETH on the open market. It’s usually the cheapest way to buy Ethereum because it lets traders set their own price. Launched in 2015, Ethereum (ETH) is one of the oldest cryptocurrencies and has long been the second largest by market cap. It was initially developed by a team of software engineers to build on Bitcoin’s innovative use of while adding new and advanced use cases beyond digital payments.

Binance Smart Chain and Solana also have DeFi applications, but far there are fewer apps and much less liquidity than on Ethereum. The 2 largest sectors being disrupted by DeFi today are lending and trading. Lending platforms, like Aave, allow anyone to lend or borrow cryptocurrency through automated smart contracts –– loans are guaranteed through over collateralization.