Ethereum (ETH) price remained dreadful despite the industry-wide devastation that characterized the year. The cryptocurrency industry is notoriously tough to predict. Tune in to find out where to buy ethereum and top places to buy them!
Most people who are new to cryptocurrency buy Ethereum through a centralized exchange, and this is also the case with Ethereum. Centralized exchanges are easy to join and easy to use because they have the same tools for navigation and payment processing as other exchanges.
There are some clear differences between the original cryptocurrency and Ethereum. Ethereum, unlike Bitcoin (BTC), is meant to be much more than just a way to trade or store value. Instead, Ethereum is a network of computers that don’t have a central hub. This network is built on blockchain technology.
Here are the top 5 places to buy Ethereum
Huobi Global is a global exchange for digital assets that is present in more than 100 countries. The platform was started in China in 2013. It works with clients all over the world and offers trading and investment services to users everywhere. Every day, more than $4 billion is traded on the platform.
Kraken is well-known for its high-quality security and features like trading cryptocurrency futures. Depending on how much you trade in a 30-day period, the maker-taker structure is tiered and ranges from 0% to 0.26% of the total order value.
Crypto.com is known for the long list of assets that it supports. On the exchange, you can buy and sell more than 250 different cryptocurrencies, including Ethereum. Depending on how much you trade in a 30-day period, the maker-taker structure is tiered and ranges from 0% to 0.075 % of the total order value.
Coinbase stands out because it is the largest and only publicly traded U.S.-based exchange. It is also stable and regulated by the SEC. Fees change depending on order size, buyer location, payment method, and market conditions like volatility and liquidity. These fees are calculated at the time of the transaction.
Binance.US is the version of Binance that people in the United States can use. It is known for having low fees and an app that is easy to use. It is the only major exchange where you can trade the two biggest cryptocurrencies for free: Ethereum and bitcoin.
Can I buy Ethereum right away?
Most people who are just starting out will choose a centralized exchange like the ones above because it is easy, simple, and familiar. Centralized exchanges are third-party middlemen that help buyers and sellers make deals. However, you can also buy Ethereum directly.
Exchanges with no one in charge
A decentralized exchange, or DEX, is an alternative. They make it possible for buyers and sellers to trade directly with each other, without a middle company. Decentralized exchanges are often preferred by experienced crypto traders because they don’t require users to give up control of their holdings to a third party.
On decentralized exchanges, buyers and sellers do not however trust an exchange company to keep their money safe. Instead, they use a type of code called “smart contracts.” To trade on a DEX, you need a wallet. However, DEXs have fewer geographical restrictions than centralized exchanges, and some, like LocalCryptos.com, let you use traditional payment methods to buy ETH and other coins.
Conclusion about how to buy ethereum
Since the Ethereum network became a leader in the blockchain space, Ethereum has been one of the most promising cryptocurrencies. However, it is still a cryptocurrency. Digital tokens, like ETH, are a risky bet because their prices change quickly and are hard to predict. Most experts say that you shouldn’t put more than 5 percent of your portfolio into cryptocurrency.
Know more about Ethereum: Top 5 Best Cryptocurrencies to Add to Your Watchlist This 2023