And while Ethereum was the most popular blockchain network for new developers from 2016 through 2023, that what moves ripple xrps price honor went to Solana in 2024. The crypto market hasn’t been doing well this year, and Ethereum (ETH -2.14%) has had one of the steeper drops. If you’re using a broker, the broker will continue to hold your position.
Store Your Ethereum
The platform also holds crime insurance against theft or fraud of your crypto investment up to a certain amount. If you have little-to-no debt, a retirement account, and disposable cash, it could be the time to invest in Ethereum. If you don’t seem to have disposable cash, it might be smart to look at your budget and see where you can make some sacrifices or tighten your purse strings to free up some money for investing. Your risk tolerance may also vary based on your financial goals and your time until retirement. “Generally, the more time you have, the more risk you can assume because time can help smooth out the market’s gyrations,” said Winston.
Whether you’re in the USA, UK, or Canada, getting started with buying Bitcoin is easier than ever. Bitcoin has grown from a digital curiosity to a mainstream investment option. According to Martinez, this could be a major buying opportunity for investors. Ethereum continues to underperform but the rising bearish sentiment could signal a bullish rally for the cryptocurrency, according to Santiment.
Learn how to buy Ethereum on 8+ exchanges in our step-by-step guide.
(Bitstamp is being acquired by Robinhood, per a June 2024 announcement.) All of these exchanges offer Ethereum. While Bitcoin is the top cryptocurrency based on the value of its coins in circulation, Ethereum is no slouch. With a total value of over $230 billion, it’s the second biggest cryptocurrency by market capitalization. Here’s how to get started buying Ether, the official name of the token that runs the Ethereum platform. Our in-house research team and on-site financial experts work together to create content that’s accurate, impartial, and up to date.
Most exchanges require that you verify your account in one or more ways. This is where you will likely need to upload documents to verify your identity and ensure that your account passes regulatory muster. Verification can take anywhere from one hour to a day or two, depending on the exchange.
Before buying a volatile investment like Ether, you’ll want to make sure you’ve done your research and your finances are in good shape. Ideally, you should have a large emergency fund, be maxing out your retirement accounts and have minimal debt. Even if you can check all those boxes, it’s important to diversify your portfolio, so only a portion of your investments should be in Ethereum and coding workshops for women other cryptocurrencies. You can buy as little as $1 worth of ETH easily today through a top crypto exchange or through the Paypal, Venmo, or Robinhood apps. Keep in mind that, even though crypto is currently trading at lower prices than it was in 2020 or early 2021, there is no guarantee your investment will gain value over time.
Transferring Your ETH to a Cold Wallet
- Ethereum had a strong run in 2023, and kicked off 2024 with a bang as the potential for regulatory approval of Ethereum exchange-traded funds became clearer.
- Even after that decline, Ethereum is still the second-largest cryptocurrency by market cap.
- At brokers and exchanges you can buy Ethereum using dollars, of course.
- If other speculators become more optimistic about its future, the price will rise.
- Courts have classified ETH and other cryptocurrencies as commodities.
- Since Ethereum is one of the most popular cryptocurrencies, traders can often buy it at a traditional broker and don’t need to open a specialty account to do so.
- For Ethereum trading or more control over your ETH and other digital assets, consider a non-custodial wallet where you fully control your digital assets.
With a crypto exchange, you can also often deposit cryptocurrency in your account that can then be traded. GOBankingRates works with many financial advertisers to showcase their products and services to our audiences. These brands compensate us to advertise their products in ads across our site. This compensation may impact how and where products appear on this site.
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Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range, can also impact how and where products appear on this site. While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service. Popular peer-to-peer payment platforms Paypal and Venmo now offer the capability to buy Ethereum using your Paypal or Venmo balance or a linked bank account, credit card or debit card. This makes investing in ETH quick and easy without the need to set up an account with a crypto exchange. When you’re ready to make your purchase, you’ll need to fund your account with a deposit in U.S. dollars.
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Experts recommend that you never invest more in crypto than you can afford to lose. When choosing an exchange, consider fees, security features, user reviews, and the range of services offered. Holders of ETH have been unhappy with the development priorities of the Ethereum Foundation, the entity controlling changes to the ethereum protocol. Developers have clamored for speed and cheap transactions for their projects, and they’ve asked for more Ethereum native projects to build momentum.
We are not a comparison-tool and these offers do not represent all available deposit, investment, loan or credit products. Binance has a user-friendly platform where you can create an account and use it to buy ETH. The platform offers step-by-step video guides that take you through every step of buying cryptocurrency with your credit card.
If someone steals your credit card or credit card information and uses it to make a purchase, the funds will not come out of your bank account. The Ethereum network’s native coin, Ether (ETH), ranks as the second-largest crypto by market capitalization in 2025. In this guide, we discuss the network and offer a step-by-step guide on how to buy Ethereum with a credit card. Before you can buy Ethereum through a crypto exchange, you have to fund your account.
Then, verify your identity, and you are set to use your credit card to buy ETH. Ensure you carry out your due diligence on the exchange to minimize the risk of losing your ETH. Learn to safeguard your holdings before buying any crypto with your credit card, including ETH. The market offers the potential for high returns, cryptocurrency wallet guide for beginners 2020 but its high risk extends beyond price volatility and into losing your assets through scams, rug pulls, hacks, and more. Once you have purchased ETH through the exchange, you can withdraw the cryptocurrency a wallet you control. CEXs make it easy to withdraw ETH by simply selling and depositing the proceeds in your bank account.
- The Ethereum network’s native coin, Ether (ETH), ranks as the second-largest crypto by market capitalization in 2025.
- The steps may vary depending on your location since KYC laws vary from jurisdiction to jurisdiction.
- This nonprofit organization’s mission is to guide Ethereum’s growth through resource allocation, research and development, and developer support.
- When choosing a funding method, review the crypto exchange’s fees; they can vary based on the method.
- To continue, select “Get started” to continue with the identity verification process.
- Before you can buy Ethereum through a crypto exchange, you have to fund your account.
It’s important to understand what you’re investing in with crypto, since most cryptocurrencies (with the exception of stablecoins) are not backed by any assets or cash flow of an underlying business. That’s in sharp contrast to a stock, which is supported by the underlying company’s assets and cash flow. Ethereum ETFs would allow traders to buy and sell funds containing Ethereum, as traders do now with Bitcoin ETFs, following their approval in January 2024. Speculation on the futures market has driven the price of Ethereum markedly higher in anticipation of an approval, and Ethereum has soared since January after the emergence of Bitcoin ETFs on stock exchanges. Once deposited money has cleared into your account, you’ll be able to buy Ethereum. At brokers and exchanges you can buy Ethereum using dollars, of course.
Before You Start Trading
While it’s called a cryptocurrency, Ethereum may be more accurately thought of as a token that powers these various functions. Ethereum is one of the most popular cryptocurrencies, behind only Bitcoin among the most highly valued digital currencies. Ethereum had a strong run in 2023, and kicked off 2024 with a bang as the potential for regulatory approval of Ethereum exchange-traded funds became clearer. While the cryptocurrency is still below its all-time high set in 2021, it remains a popular choice among traders looking to buy crypto. Buying Ether is a little more complicated than just buying stocks or mutual funds through your current brokerage account. Cryptocurrencies aren’t traded on major exchanges like the New York Stock Exchange (NYSE), and many brokerages don’t offer crypto investing.
For Ethereum trading or more control over your ETH and other digital assets, consider a non-custodial wallet where you fully control your digital assets. Some exchanges will allow you to operate in a limited capacity without a know-your-customer (KYC) verification; however, your privileges will be severely restricted in most cases. You may be able to soon be able to buy and sell spot Ether exchange-traded funds (ETFs). In May 2024, the Securities and Exchange Commission (SEC) approved the listing of eight of these ETFs on the NYSE, Nasdaq, and the CBOE BZX.
Because of these risks, trade only with money that you’re prepared to lose. The first step to purchasing Ethereum is to find a broker, app or exchange that can make the trade. The good news is that, because Ethereum is so popular, crypto exchanges, apps and many brokers will let you trade it.