Ethereum is the second largest cryptocurrency in the world, which has started with the concept of smart contracts through the blockchain-based distributed computing platform. Ethereum was created by Vitalik Buterin, which was formed with the aim of providing decentralized applications to its users, enabling online payments with the help of a peer-to-peer electronic cash system. Ethereum can also be used to build and create Decentralized Autonomous Organizations (DAO), which is basically run by programming code, which are a bunch of smart contracts on the ETH blockchain.
You can directly go to the CoinSwitch page and buy Ethereum by enabling payment through fiat currencies like USD and Euro, which is powered by Simplex, which is a noteworthy partner of ours. There are some simple transaction limits which state that your first transaction can be anywhere from around $50 to $10,000, but once your 1st time is done, you can have a daily transaction limit of $20,000 and a monthly limit of $50,000. The winning part is that you will not be charged any extra fees for the same and your queries can get answered anytime you want as the support team is available 24/7.
The speed of the transaction is powered through the lightning network and hence can be completed anywhere between 10 to 30 minutes. This is one of the easiest ways on how to buy Ethereum with fiat currencies. The page looks something like this:
Now let us understand the steps involved in buying Ethereum through USD:
You should be having an account with the respective exchange, otherwise, you need to sign up, by feeding some information about you, which will be a part of the KYC process. You must always finish off signing up initially so that you can save time during the check out process.
Now, you have to provide with some of your personal information like government-issued ID card along with your photograph. As you are about to make a transaction with a fiat currency, you must give this information to proceed ahead. Once you are done with the KYC, you are all set to do a transaction.
There are many exchanges which support purchasing Ethereum with a debit card, and some of those exchanges are Coinbase, Coinmama, CEX.io, Changelly, BitPanda, etc. We will discuss two of them here.
Coinbase is one of the largest crypto exchanges in the world which lets you buy Ethereum and other cryptocurrencies and also supports instant purchase of cryptocurrencies through credit card, debit card. (Mastercard/Visa). But your debit card should be “3D secure”.
Supported Countries: USA, Europe, Canada, Australia, United Kingdom
It is an UK-based exchange that supports buying and selling of cryptocurrencies like Ethereum and Bitcoin. As it is a 6-year old crypto exchange, it has earned a lot of respect and credibility in the market. We recommend you to configure your card details so that you can buy it instantly ad there will be no waiting time.
Supported Countries:Iceland, Vietnam, Afghanistan, Algeria, Bahrain, Iraq, Kuwait, Lebanon, Libya, Nigeria, Oman, Pakistan, Palestine, Qatar, Saudi Arabia, and Yemen.
CoinSwitch also supports purchasing Ethereum with a debit card and this feature is backed by Simplex. You can buy Ethereum with a debit card easily, which involves the same steps as buying Ethereum with a credit card. Most of the exchanges follow some standardized steps, which are as follows:
Same as “How to buy Ethereum with USD”
Wire or bank transfer is again one of the most popular ways to buy Ethereum and other cryptos, supported by several exchanges, some of which are as follows:
You can purchase through your connected bank account either via Automated Clearing House (ACH) transfer or via Single Euro Payment Area (SEPA). The former is mainly for the United States and takes five days while the latter is for Europe and takes less than two days to get delivered. Coinbase charges around 1.49% fee on every transaction.
BitPanda is another exchange which accepts every kind of wire transfer- online, SEPA and ACH. The best part is that no fees are charged and it has one of the lowest fees when bank transfers are concerned. BitPanda is considered as one of the trusted brokers as well.
One of the best places which you let you have all the trading solutions in a single platform is CoinSwitch, wherein you can buy Ethereum with other altcoins. CoinSwitch supports more than 400 cryptocurrencies, hence you can get multiple options of exchange between the cryptos, like for example, ETH to BTC and vice-versa and around 45,000 such pairs. CoinSwitch not only gives you the most competitive rate but also gives you the accessibility of reaching out to us anytime you want, as the customer support team is 24/7 active. You can buy Ethereum now and CoinSwitch is one platform where you can buy ETH without registration.
You can follow these steps in order to understand how to buy Ethereum with other altcoins:
#1 First you need to go and put the respective altcoin that you are going to exchange Ethereum for. For example, let’s take Litecoin as an example:
#2 After this, you can check out the different offers with the different exchanges, compare and choose the best rate, for instance, let’s take SwapLab here.
#3 Then you just have to put the Ethereum address of the wallet, where it will be deposited. Post which you can initiate the exchange.
Some of the crypto enthusiasts prefer buying ETH anonymously, as they want to avoid the Know your customer or anti-money laundering steps. Local Ethereum is one such peer- to- peer exchange platform, which facilitates the over-the-counter exchange, and provides escrow-like service. So, it's a marketplace which enables you to offer any local currency for a certain amount of Ethereum. After the seller accepts, the funds get exchanged automatically. Some people may find this as one of the safest ways to buy Ethereum.
Ethereum has already managed to gain the credibility of the users by establishing itself as the second largest cryptocurrency in the world. Through smart contracts, Ethereum enables having trustless transaction between people. The best part is that it's having a large community of builders and innovators who keep on developing as and when needed. So, yeah, it's never late for investing in Ethereum. But you need to do proper market research for engaging in any kind of trading or investing activities.
CoinSwitch.co is the world’s largest cryptocurrency exchange aggregator which supports 300+ coins and over 45,000+ pairs. It provides an easier way of trading through global exchanges like Binance, KuCoin, IDEX, Huobi, Ethfinex, HitBTC and Cryptopia without creating an account on them. If you are interested in buying cryptos, do give it a try!