How to Buy Ethereum: Multiple Modes of Payment

Ethereum is the 2nd largest cryptocurrency in terms of market capitalization. It has a different blockchain than Bitcoin, and it’s more popular for smart contracts. Recently, Ethereum reached its all-time high at $1400 per token. This article will teach you how to buy Ethereum with multiple modes of payment!

1. Credit Card

Ethereum is available on most major exchanges, including Gemini, Coinbase, Kraken, and Bitstamp. It is also used by pg. All you need to do is open an account at one of these platforms, deposit US dollars or another fiat currency (USD/GBP) into your account via credit card or wire transfer then exchange that money for Ethereum! 

Cryptocurrency prices are very volatile; they can go up over 30% in a day, so be careful when buying with a credit card–make sure you’re able to afford the loss if it doesn’t work out. And remember, this option may not be suitable for everyone since some people prefer more security than others.

2. PayPal

There are some ways to buy Ethereum with PayPal, but you’ll need at least two accounts. You can either open a Coinbase account and link your bank account, then connect that with your PayPal or use Virwox exchange, an exchange for Second Life Lindens (SLL). Once the trade goes through, convert SLL into BTC/ETH on another site like Poloniex, where you can directly transfer it onto exchanges such as Kraken. 

After this process, now you have ETH. To buy ethereum with PayPal at Uphold, one should keep in mind that the price will be a little higher. There are some limitations, but you can check them out on their website before signing up for an account.

3. Wire Transfer

If you want to buy Ethereum with a wire transfer, the easiest exchange is Gemini. It allows for bank transfers from all over the US and facilitates some of the lowest fees in volume trading due to its super-quick trade execution system. Plus, if it’s your first time buying cryptocurrency, then this platform might be best suited since it offers an easy setup process!

4. Cash

There are also peer-to-peer exchange platforms where you can meet someone to buy Ethereum with cash. For example, LocalBitcoins is a place for people who want to trade Bitcoin and other cryptocurrencies using various payment methods, including PayPal or even physical money. This way of buying cryptocurrency might be the safest since it’s practically direct P/E–but that depends on your counterparty!

5. Ethereum ATMs

Another way to buy Ethereum is with an ATM; this works much like buying cryptocurrency with cash. You’ll need your wallet address, and you may be charged a bit more than the average market rate.

6. Cryptocurrency Fund

This method is also unique since it’s more of an investment. Another way to buy Ethereum is with the help of a cryptocurrency fund; they are managed by professionals, so you don’t have to worry about keeping track or buying and selling on exchanges yourself! You can find most funds on Etoro, but there are other platforms, such as construction.

7. Ethereum Mining

Another way to get Ethereum is through mining, this method has been used for years, but it’s becoming more difficult. There are some new methods of mining cryptocurrency that have risen in popularity, such as proof-of-stake and the use of ASIC chips.

8. Ethereum Airdrops

Finally, there are Ethereum airdrops–but this method of growing your ethereum supply is only worth it if you’re using ERC-20 tokens. These can be used to earn free cryptocurrency since they’re based on the Ethereum network.

9. Ethereum Games

The last way to get Ethereum is by playing games. There are many different types of cryptocurrency-based games out there where you can earn your tokens from buying upgrades or new characters.

10. Ethereum Giveaways

Another way to get your hands on Ethereum is by using a giveaway. This might be the easiest method, but it’s also one of the least profitable since you’ll only receive small amounts, if anything at all!

11. Ethereum Mining Pools

Another way to get Ethereum is by using a mining pool; these are groups of people who mine together and split the rewards depending on how much you contributed. You can either use your equipment or rent it from someone else!

Conclusion

There are many ways to purchase ethereum; these include credit card purchases that allow for fluid trading in your desired currency pairs right through to buying ether directly using cash via peer-to-peer marketplaces or face-to-face where buyers and sellers come together.

Latest

Automated Bitcoin robots are on the rise, but are they legit?

There is no shortage of crypto trading robots on...

Must-Have Tools for Running Remote

Switching to running remote is becoming more and more...

The Benefits and Risks of Day Trading Crypto

The cryptocurrency markets are always moving. People trade and...

What Is Kusama (KSM) and How Does It Work?

Did you know that 56% of American adults report...

Newsletter

Don't miss

Automated Bitcoin robots are on the rise, but are they legit?

There is no shortage of crypto trading robots on...

Must-Have Tools for Running Remote

Switching to running remote is becoming more and more...

The Benefits and Risks of Day Trading Crypto

The cryptocurrency markets are always moving. People trade and...

What Is Kusama (KSM) and How Does It Work?

Did you know that 56% of American adults report...

Reasons why Bitcoin is a popular choice for Crypto Investors

Bitcoin has been a centre of attraction in the...

Automated Bitcoin robots are on the rise, but are they legit?

There is no shortage of crypto trading robots on the market now, and that’s no accident. People are looking for instant gratification and fast...

Must-Have Tools for Running Remote

Switching to running remote is becoming more and more common. Though running remote may save lots of businesses, it has its challenges. The challenges...

The Benefits and Risks of Day Trading Crypto

The cryptocurrency markets are always moving. People trade and send crypto to other users at every hour of the day. On the Binance exchange...

LEAVE A REPLY

Please enter your comment!
Please enter your name here