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How to buy Ethereum
- June 15, 2022
- Posted by: xrauk
- Category: Blog
Are you planning on going into the crypto world and you are thinking of Ethereum coins yet no idea how to start? then you are making a good decision reading this post because you are in the right place. I am going to walk you through how to buy Ethereum no matter the quantity that you need.
Ethereum which is also known as ETH is one of the top blockchain coins in the world of cryptocurrencies today.
Apart from bitcoin, Ethereum is another most popular coin in the world today with the market capitalization of 92.56 billion United States Dollars. thereby making bitcoin and ripple still be on the upper hand in the crypto market.
The market recently has a trading value of about $153. The bigger difference between bitcoin and Ethereum is that the coins are used by backed up by many companies and are also recognized by top institutions as their means of transaction of fees between students and the school board.
Therefore with this kind of promising future, many investors decided to be part takers of the move by adding Eth as part of their portfolios.
Now, after having more insight on how great ETH is, let’s look into how you can buy the coins.
How To Buy Ethereum
1 Locate a buying and selling platform: This is the most important part, before you decide to do any transaction online, ensure that you are sure of where you are standing to carry out the business to avoid falling into the wrong hands.
There are a lot of legit pages where you can go and buy or sell your coins and some of them are;
Conbase
Website: https://help.coinbase.com/
Gemini
Website: https://www.gemini.com/
CEX.IO
Website: https://cex.io/
Bittrex, etc.
Website: https://global.bittrex.com/
This listing is based on their rating, so you may want to check them out by going to the official page using the links below each.
After choosing anyone from there; follow the procedure and set up your account.
2 Choose Ethereum as the currency: This will help the machine to understand what you are looking for and what coin you are trying to carry out this transaction with. This setting of your currency to ETH is the way on how to buy Ethereum on any platform since there are many other coins exchanged on the platform.
After setting that, then you have to proceed to step 3
3 Amount: This step has two others which are, (i) it is either you choose the amount you want to transact in ETH or you choose your local currency. This depends on what you have.
4 Payment method: This option is where you have to select your means of transaction, either bank, card, wallet, hardware terminal, etc. So you will have to select what is more suitable for you.
Don’t go and use your wallet if you don’t have any idea how to use the QR Code please, and to avoid getting hacked, it is also advisable that you don’t give anyone that you don’t trust your wallet ID to help you with the transaction.
That’s why I say, use a payment method that you understand how to use for transactions.
5 Confirmation: Okay this is the finishing stage so ensure that you go through all your steps from the very beginning to be sure that every detail in which you have updated is correct with no error.
Then when you are sure, you can proceed and click on “Buy Ethereum”.
Know that any transaction that is not correct is your fault, not the seller’s. that’s to say for example; if you mistakenly drop a wrong detail which leads to another person’s account, it is not the fault of the seller, so you will have to sort things out yourself.
Therefore, to avoid such an error from occurring, you must confirm it before you now click on the buy Option.
Now following the five steps given above, then you now know how to buy Ethereum.
How much is 1 Ethereum in Dollar?
If you are into ETH and somehow you manage to have up to 1 Ethereum then you will be making about 2,421.07 United States Dollar which is about 997,480.84 Nigerian Naira and 176,176.30 Indian Rupee.
How can I get free Ethereum?
If you looking for how to buy Ethereum then use the steps above but if you are looking for how you can free Ethereum, then the best option to search for an online platform that is ready to exchange free there with you for partaking on their online survey.
The survey may be to answer some questions or to watch videos and click on few links, etc.
You make what to check this website out for free Ethereum by running a survey https://www.idle-empire.com/