Complete Guide to Buying Ethereum

Apart from mining, you can get Ethereum by purchasing it from exchange websites. Each of the platforms has its unique buying process and payment options which include credit cards, Bitcoin, cash, PayPal and others. Here, you will learn the various methods of getting and paying for ETH in these trading networks.


Get ETH with Credit/Debit Cards

how to buy ethereum with credit cardThe majority of the exchanges accept credit card payment. The type of plastic card that you can use to purchase Ethereum depends on the website you operate on. But the well-known and common ones are Visa and MasterCard.

Card Name Limits Processing Time Restricted Countries
visa up to $20,000 1-2 min how to buy ethereum in iran how to buy ethereum in nigeria
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This method seems to be the most popular because of the ease-of-use it offers users. However, utilizing it can be risky due to credit card fraud which will result in losses as a result of chargeback paid to victims of plastic card theft. The exchange may face legal battle as a result of credit card crime.

Purchase Ethereum with Cash

how to buy ethereum with cashCash payment is one of the options of paying for Ethereum in a number of exchanges. Some of the trading platforms that operate offline take physical money in exchange for Ether. There are some individual sellers that can transfer Ether to your wallet in exchange for bank notes. These people are available on some exchange platforms like LocalBitcoin.

The anonymity of this method gives it an edge of some other methods of payment. Note that in some of the trading sites, users will only purchase Bitcoin with hard currency. But this is not a problem because it is easy to convert BTC to ETH.

Currency Type Deposit Limit Transaction Time
how to buy ethereum with USD $50-100 for the first transaction up to 7 working days
how to buy ethereum with euro up to 10,000 EUR up to 7 working days
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Fiat currency is not generated accepted because of fraud which can also result in a chargeback. Money laundering suit may also be brought against exchanges by victims of internet fraud.

Buy Ethereum with Wire Transfer

buy ethereum with wire transferSome exchanges accept payment via credit transfer which is widely known as a wire transfer. Bank transfer as it is also called is a method of sending money directly from one’s account to another person’s account. Normally, this service which is an easy-use one attracts some charges. Your bank will ask for the recipient’s account details. With these data, they will send the money to the receiver.

Transfer Type Deposit Limits Transaction Time Available Countries
buy bitcoin with swift $50,000-250,000 up to 3 working days accepted in 212 countries
buy bitcoin with sepa 1,200 EUR 1-2 working days only for the EU countries

However, despite the advantages of this method of payment, a significant number of trading platforms do not accept it due to the downsides associated with it. First, the transaction is not reversible. If you make a mistake and the money gets to another person, there is not much your bank can do for you.Besides, payment can be delayed for a number of reasons such as a disruption in banking network. Criminals also use this method since they know that it is not reversible. This method is also more expensive than most other means of purchasing Ether.

Purchase ETH with Bitcoin

buy ethereum with bitcoinThe easiest means of buying Ether is to use Bitcoin. There are a number of exchanges that trade Bitcoin-Ether pairs. If you are not able to find the proper currency to purchase Ethereum, first buy BTC and exchange it for ETH in a website that allows such trade.

In case you already have some Bitcoin, register with an exchange platform that carries out BTC-ETH trade, move your Bitcoin to their wallet and get Ether in return.

Buy Ethereum with PayPal

buy ethereum with paypalAt the moment, you cannot pay for your ETH directly with PayPal on exhange sites. They will only allow you to purchase Bitcoin with Paypal. After paying for BTC, you can easily trade it for Ether. The reason why direct purchases with PayPal are not allowed by these exchanges is to protect themselves against the chargeback.

There are cases where fraudsters will purchase Ether with PayPal and then complain to PayPal that they did not get what they paid for. PayPal has a refund option which in most cases will be against the exchanges. Note that if you are paying for Bitcoin with PayPal, you will pay a transaction fee of about 6% to 25% depending on the exchange you are using. The transaction time is somewhat high. You may have to wait for 10 or more minutes.

Ethereum Exchanges Regulation

buy ethereum - regulationThere are many platforms where you can trade Ethereum and other cryptocurrencies. Unfortunately, it is risky using the services of a good number of them. If you want to get involved in such a transaction, it is advisable that you transact in reliable websites with some certain form of regulations. With these platforms, chances of being a victim of fraud are highly reduced.

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How to Buy ETH on Exchange Platform?

So, you are ready to buy Ethereum but have no clue what to start with. Well, the process of purchasing ETH is quite simple and you can easily pass it. Below are the steps to follow.

1. Create Account

create account to buy ethereumThe first step is to choose an online exchange to operate on. Create an account on the platform. Many of these websites will require you to submit a number of documents such as ID, phone number and proof of address as proofs of your identity and ownership of the accounts.

The verification process may take up to 24 hours or more. The next thing to do after the account has been confirmed is to fund it through any of the methods explained above. If this is not required, you have to link your account to your card which will require more time.

For example, with CEX.IO you will need just to register by using your email and creating a strong password as it showed here: registration

And after that the two-factor authentication will be offered. This procedure will make your account strongly secure:

two-factor authentication on CEX.IO

2. Trade

Begin trading now but bear in mind that the transaction process, as well as the charges and time, differs from one exchange to another. Trading is the most interesting part of the purchasing, here you can use your mental capabilities to sum up the situation with desirable cryptocurrency and make a decision. You will need to get acquainted with the following items.

Check Trading Indicators

check indicator and buy ethereumEthereum exchanges work in a similar manner with Forex. It is important that you carry out the market and technical analyses before placing any order. You can use tools known as trading indicators for the easy assessment of the market trend. These tools include:

The Bollinger band indicator shows the highs’ and lows’ relative boundaries. It is known as the middle band as it indicates the stock’s intermediate-term trend.

EMA which is an acronym for exponential moving average displays short-term and long-term moving average to enable traders make informed decisions.

MACD indicates how two moving average of prices are related.

RSI measures the change as well as the speed of the price movement change. It is fully known as Relative Strength Index.

On CEX.IO you can check the trading pairs, market depth and the latest price changes of cryptocurrencies:

trading on

Select Orders

There are three main types of orders that you can place, namely, stop, limit and market. The choices are available on the order panel of the exchange platform. Usually, it’s not hard to find it.


Here, Ethereum is sold at exactly the current marketing value. If you prefer this type of order, click on the market option located above the buttons for buy/sell. The buy or sell page will appear. Click on the transaction button you want to carry out.

Choose the amount you want to transfer or procure as the case may be and choose your currency for the transaction and then click on the button for the completion of the deal. Bear in mind when you make a choice of a trade and complete the form, it will not be possible for you to cancel it once you click on the submit button.


This type of order gives traders the freedom of deciding on the amount to pay for or collect in an Ether deal. You will also be able to fix options of certain advanced order execution. The process is similar to market order process.

Except that the order you place will appear in several views such as depth chart, order book and open. Besides, it is also possible not to fully complete the order form as there are rooms for increasing your price.


Here, you are at the liberty to stipulate the price at which a deal should be carried out and it is helpful for stop loss and similar strategies. Select stop and indicate the price at which order will be implemented. Bear in mind that this kind of transaction may incur slippage and it is executed as the market orders.

3. Withdraw and Choose a Secure Storage

buy ethereum and withdraw into storageIt is not the ideal to keep your token in an exchange because it can be stolen by hackers. You should have a cold storage also known as the offline wallet to secure your Ether once you have purchased it. You need to download one that has ETH features. You will have a key for accessing the wallet after you have created an account.

Only your account address should be used for withdrawal of your Ethereum into your wallet. In case you want to keep trading or sell your token, just move it back to the exchange. Don’t utilize your private key, password and wallet address on the exchange otherwise, you stand the risk of being dubbed by hackers.

СEX.IO offers the following methods and procedures which you need to complete for the successful withdrawing of your currency:
withdrawing on


1. Which One Is Better Investment – Ethereum or Bitcoin?

Both BTC and ETH are worth buying and none present a better investment opportunity. This is because the value of both are increasing rapidly over years and they are both volatile. However, Bitcoin is more popular and has wide acceptability than Ethereum. Its market cap is the largest in the digital currency market. But it is older than ETH. It is much likely that in the future Ether will meet up with and overtake BTC.

2. What Are the Risks with Buying Ethereum?

Just like Bitcoin, Ethereum is highly volatile and it is difficult to predict its future. Secondly, there is the possibility of internet fraudsters hacking the platform. The cryptocurrency is yet to be accepted by many online marketplaces and businesses. Thus, you can use it to execute all transactions. Last but not the least, it is possible for a blockchain with superior technology and features to replace ETH network.

3. Is It Better to Mine or Buy This Cryptocurrency?

It is difficult to tell which option is the best as each one has its pros and cons. Besides traders don’t speak with one voice on this. However, popular opinion is that buying this digital currency gives more quick money insofar as the price keeps increasing. But a fall in price can result in a huge loss.

4. How to Choose A Secure Exchange Platform?

When choosing an exchange platform, there are a lot of factors to consider to ensure the security of your investment. Here are points to bear in mind:

  • Good support system
  • Payment systems allowed
  • Accessibility
  • Ease-of-use
  • Fees
  • Security
  • Good reputation
  • Insurance for the stored currency
  • Minimal deposit feature and decent exchange fees
  • Verification of ID requirements
  • Geographical restrictions

how to buy ethereum - banner

Features of Ethereum Cryptoplatform

Ethereum was a brainchild of Vitalik Buterin. It was released for the first time on 30 July 2015. But the events of 2016 which culminated in the collapse of DAO project resulted in the splitting of the blockchains into two, Ethereum classic which was the continuation of the initial one and Ethereum which is the newly created blockchain. But unfortunately, the platform was hacked and dubbed of $50 mln by the anonymous entity.

The event caused a dispute among the developers of ETH. The disagreement in the community brought about the split. However, since after the separation, the developers worked hard to overcome any loophole that will lead to a repeat of DAO. Among other cryptocurrencies, it has the second largest market capitalization after BTC.

Proof of Work Algorithm

buy ethereum - proof of work Proof-of-work is a slow, expensive and hard to generate a piece of data which others find simple to confirm and meet the conditions attached to it. PoW is generated through an uncertain process with little chances of success. The Hashcash proof-of-work protocol is utilized in the BTC’s block generation.

Proof of Stake Prospects

buy ethereum - prood of stakeProof of Stake which is normally abbreviated as PoS is a consensus algorithm process which validates transactions based on the validator’s economic share in the network as opposed to PoW which rewards users that solve a cryptographic puzzle as an avenue of authenticating and setting up deals and new blocks respectively.

In this model referred to as the Casper implementation, a group of validators will not only propose but also cast vote on their propositions and ex-block. The size of the voters’ stake will determine the weight of their vote. In this model, the block selection is randomized. PoS does not consume energy and this makes it to be more cost-effective than PoW.

Another advantage of the Casper implementation is that it creates rooms for the use of various techniques that utilize game-theoretical mechanism design as a means of forestalling the formation of centralized cartels and stop them from acting in a manner that is injurious to the network if they are eventually formed.