How to Buy Ethereum & Best Exchange Ratings
Ethereum (Ether) launched in 2015 but surpassed very fast the market cap of all other cryptocurrencies, except for Bitcoin. At the beginning of 2017, the price of 1ETH was less than $10. Since this time, the price at one point reached higher than 30 times its 2017 starting price.
This awesome growth in price, combined with a wider advantages of the Ethereum’s potential, has many new investors looking to buy Ethereum.
How to Buy Ethereum
The main way to buy Ethereum is to use an online cryptocurrency exchange. As cryptocurrencies have soared in popularity over the last years, there’s no shortage of businesses looking to facilitate exchanging them.
With so many choices to choose from, our goal is to help you find the exchange that fits your requires. This guide will detail the differences between exchanges, while linking to complete reviews and user guides of each exchange mentioned.
The Best Ethereum Exchanges
|iqoption.com||Very Low||Credit Card, WebMoney, Skrill, Moneybookers, Neteller||4.8||IQ Option Review|
|Coinbase.com||Low||Bank Transfer, Credit Card||4.7||Coinbase Review|
|Gemini.com||Very Low||Bank Transfer||4.5||Gemini Review|
|CEX.IO||Low - High||Bank Transfer, Credit Card||4.3||CEX.IO Review|
|Bittrex.com||Very Low||Cryptocurrency||4.3||Bittrex Review|
|Coinmama.com||High||Credit & Debit Card||4.3||Coinmama Review|
|Kraken.com||Very Low||Bank Transfer||4.1||KRAKEN Review|
|GDAX.com||Very Low||Bank Transfer||4.0||GDAX Review|
How To Buy EthereumBeginner Friendly Guides
Various new startups hoping to help costumers to purchase and sell Ethereum have grown overnight in response to the expanded interest for digital coins. With such a significant number of choices, here are 3 of the most broadly prescribed and trusted Beginner-friendly places to buy Ethereum.
1) How to Buy Ethereum on Coinbase
Coinbase is our top recommendation for beginners looking to purchase Ethereum. Coinbase offers functions that serve as training wheels for newcomers.
Launched in 2012, Coinbase aimed to create an easier way to buy and sell Bitcoin. Unlike traditional cryptocurrency exchanges, Coinbase directly facilitates the exchange of cryptocurrency to its users. Their website comes with a variety of advantages over other exchanges:
- Your guaranteed price and fees are clearly stated at the time of your order. This means no dealing with complicated market interfaces.
- You can lock in prices for your first order faster on Coinbase than on most exchanges. Coinbase locks in your price when you initiate an order, rather than waiting for deposits to clear. You will receive the amount of cryptocurrency you purchased, at the set order price, after your deposit has cleared.
- You can use credit and debit cards for instant Coinbase purchases, although your limits will be substantially lower than if using a bank transfer.
Sensing an increase in demand for Ether, Coinbase added Ethereum support in 2016. Their Ethereum services now come with the same benefits as their original Bitcoin service.
While we recommend storing crypto coins in a wallet that you have full control over, Coinbase does offer one of the most secure online wallets. You can use your Coinbase wallet to store, send, and receive Ethereum.
In addition to being easy to use, Coinbase is also one of the most trusted names in cryptocurrency. The company is based out of San Francisco, California and has received numerous investments from big-name venture capitalists, and is notably valued at $1.6 billion. As a U.S. based digital asset exchange, the company is also compliant with all required laws and regulations. Coinbase has helped over 11 million users in 32 countries exchange more than $20 billion in digital currency.
You can sign up for Coinbase or learn more in our complete Coinbase Review and User Guide.
2) How To Buy Ethereum on Gemini
Gemini was found in 2015. The company is based out of New York, thus regulated by the New York State Department of Financial Services. Despite being around for less time than some competitors, they’ve quickly built a great reputation.
Gemini operates as a more ‘traditional’ crypto coins exchange. This means that users can use the website to trade with other users on their market. The site functions like a traditional stock or Forex platform.
3) How To Buy Ethereum on Coinmama
Coinmama platform was founded in 2013 and has been a long-time choice for consumers wanting a fast way to purchase crypto coins via credit and debit card. They server over 226 countries and the majority of U.S.A. Coinmama is not an exchange like Gemini or Kraken.
Coinmama is a fast-buy outlet, serving consumers that want to purchase major crypto coins and send them to their wallet of choice. The price is based on current market values, with 6.15% fee included in the final price.