How do I get ETH?

Where do I buy ETH?

You need ETH in your wallet to make a transaction on the blockchain - so if you don't have some already, here is how you can get some.

ETH or Ether is Ethereum’s native cryptocurrency that enables all operations within the Blockchain as well as its updates. There is a variety of ways of obtaining Ether, all of which are presented in this handy guide.

Exchanges to buy Ethereum

The easiest and perhaps the most popular way of buying Ether is doing so through an exchange. Ether is the second most valued, stable, and well-known cryptocurrency behind Bitcoin, so finding an online exchange that operates within your jurisdiction and trades in Ether won’t be that difficult.

First of all, you will need to register with an exchange. Before doing so, make sure it operates in the country you live in and accepts the currency you wish to trade in. The registration process will require submitting some general personal details.

Often, there are full identity checks included later on, when it comes to withdrawals and deposits. To pass those checks, you will most likely need to provide proof of address as well as photo identification. This is done in compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.

After passing all the necessary checks, you will need to choose a deposit method. They include bank wire transfers, credit and debit card payments, SEPA, or PayPal payments, depending on the particular exchanges of your choice.

There is typically a small deposit fee charged by an exchange, which may depend on the deposit method. The fee details can often be found in the ‘About’ section or in the footer of an exchange’s website.

The majority of exchanges accept US Dollars and Euros, with other major fiat currencies such as the British Pound Sterling, Russian Ruble, Chinese Yuan, Japanese Yen, and so on being accepted on some of the exchanges as well.

It usually takes at least several hours for your deposited funds to appear in your exchange account, depending on a particular exchange and the chosen deposit method.

As soon as the funds are in your exchange account, you can start trading. The user-friendliness of this process depends on a particular exchange, with many of them striving to make the process as easy as possible. You will be able to get all the valuable information, such as current value, market capitalization, and related news on your exchange’s website.

Once you’ve obtained Ether, it is recommended you withdraw it into a designated wallet of your choosing. This guide will cover various ways of storing Ethereum later on.

Below is a list of some of the exchanges accepting Ethereum:

Name

Country

Deposit Methods

Minimum Purchase

Bitfinex

Worldwide

Bank wire transfer

$10

Bithumb

South Korea

Bank wire transfers, Credit and Debit cards, Gift cards