Where to Buy Ethereum: Top Exchanges & Methods To Consider

This influences which products we write about and where and how the product appears on a page. Worldwide, Binance is the leading exchange in terms of trading volume. Here are some steps you can take to safely buy and store your ether. Amilcar has 10 years of FinTech, blockchain, and crypto startup experience and advises financial institutions, governments, regulators, and startups. For example, if the price of Ethereum is $2,000 and you invest $100, you will purchase 5% of an Ether coin.

Store Your Ethereum

For now, ETH is trading at $1,550, representing a decline of over 68% from its all-time high price of $4,878 in November 2021. In 2018, Tim Draper expected Bitcoin’s price to reach $250,000 by the end of 2022 (BTC closed the year at $16,547.50). Crypto lender Nexo expected BTC to surge to $100,000 by April 2023 (BTC’s price at the end of the month how to buy ethereum was 29,268.81). Guido Buehler, the former CEO of Swiss bank Seba, expected the coin to reach between $50,000 and $75,000 in 2022. Over the years, many crypto “pundits” have made outlandish claims about where a crypto asset’s price was headed. Crypto assets were created around the idea of decentralization where no one entity calls the shots.

Decentralized exchanges: Maximum control

To put the $165,000 price forecast into context, the all-time high for Ethereum is just $4,892. After all, Ethereum is still the leading smart contract blockchain network in the world, even with the arrival of plenty of new competitors. And DeFi is still one of the hottest areas of the blockchain world.

Risks of Buying Ethereum

We receive compensation from the companies that advertise on Blueprint which may impact how and where products appear on this site. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impact any of the editorial content on Blueprint. Blueprint does not include all companies, products or offers that may be available to you within the market. After your purchase of Ethereum has been processed, you have to store your cryptocurrency. While some platforms will store it for you, some people opt to store their investments themselves to reduce the likelihood they will lose their crypto to a hack.

Find a crypto broker or exchange

• For example, sending ETH via Metis Network costs less than $0.01, and a token swap will set you back a mere 2 cents.
• Buying Ether is a little more complicated than just buying stocks or mutual funds through your current brokerage account.
• Cryptocurrency, including Ethereum, is among the most risky of all assets.
• Ethereum’s current market price is about $3,000, so that works out to a more than 5,000% increase in value within the next decade.

Ethereum’s scalability issues and high gas fees have spurred the rise of Layer-2 (L2) solutions, which have been a hit with the masses. For example, the network is currently processing 19 transactions per second. Ethereum’s 2022 upgrade, called “the Merge,” was widely expected to solve Ethereum’s scalability, but it did address the issue in a meaningful https://www.tokenexus.com/what-is-aave-aave-review/ manner. To investors, Ethereum’s allure lies in its versatility and uncapped upside potential. You can buy Ethereum on almost every crypto platform; you may even see crypto ATMs, some of which might offer ETH. I’ve been involved in personal finance and property journalism for the past 20 years, editing websites and writing for national newspapers.

• The crypto market is unregulated for now, however, which means there’s no support from government if investors lose everything because the market collapses or they are scammed.
• The Ethereum network was the first project to expand the use cases of blockchain, opening doors to various applications, including DApps, initial coin offerings, and non-fungible tokens.
• The Ethereum blockchain supports thousands of applications and transactions, but it failed to shake off the scalability issues that have plagued it for a long time.
• Bitcoin and ethereum’s combined crypto market dominance has fluctuated over the years.

While Ethereum itself is something of a complicated asset, buying it or investing in it is straightforward — particularly for investors who already have cryptocurrency among their assets. Here is a simplified, step-by-step guide to investing in Ethereum. The UK’s financial services watchdog, the Financial Conduct Authority (FCA), has warned time and again that anyone investing in cryptocurrency should be prepared to lose everything. If an investor has ETH in their account, they can visit the page of another crypto asset within their exchange, choose how much of their ETH they want to spend and execute the trade.

What is the daily trading volume of Book of Ethereum (BOOE)?

Promising Ethereum tokens to invest in May 2024