This guide will explain you in a simple term where and how to buy Ethereum by introducing you to the best Ethereum exchanges in the world today. It will also teach you how to buy Ethereum in less than five minutes from a leading crypto exchange.
We will also look at the popular ways of investing in the digital asset, talk about the best Ethereum wallets, and discuss whether Ethereum is worth buying today.
Here is everything you need to know about buying Ethereum in 2024.
How to Buy Ethereum Right Now – Quick Guide
- Step 1: Open a crypto account: Open the eToro.com website and start creating a user account. The brokerage will only ask for your basic personal information, which includes verifying your identity.
- Step 2: Deposit funds: Deposit US Dollars fee-free into your eToro account. The minimum deposit is set at $10 and eToro supports a wide range of payment methods, including eWallets like PayPal, cards, and bank transfers.
- Step 3: Search for Ethereum: On the search bar, enter ‘Ethereum’ and then hit the ‘Trade” button to start buying Ethereum.
- Step 4: Buy Ethereum: On the trading tab, indicate how much you wish to invest in Ethereum and click on the “Open Trade” button to execute the transaction. This way, eToro will debit your cash account and credit the crypto account.
Cryptoassets are a highly volatile unregulated investment product.
Further below in this guide, we will provide you with a more detailed guide on how to buy some of the best altcoins – like Ethereum – on eToro. First, though, we need to look at the best places to buy Ethereum today.
Where to Buy Ethereum Today
When exploring where to buy Ethereum and vetting the best Ethereum exchanges, we gave the highest consideration to a number of factors. These include the exchange’s liquidity, user-friendliness, security, and supported payment options. We also looked at the number and quality of integrated features.
Here is an overview of what our analysts consider the best Ethereum exchanges today.
1. eToro – Overall Best Place to Buy Ethereum 2024
Several factors help make eToro the overall best Ethereum exchange. It, for starters, is a highly regulated trading platform licensed by such top-tier trading platforms as SEC, FCA, ASIC, and CySEC. eToro crypto exchange is also highly secure, providing all its platform users with a custodial wallet that holds 90%+ of their private keys offline, as well as a free mobile wallet app – eToro Money. It is important to note that eToro has never been hacked.
eToro has also positioned itself as one of the best cryptocurrency trading platforms for beginners and pro investors. Here, you get to interact with more than 70 of what most analysts and investors consider the best cryptos to buy in the US today. The exchange also makes it possible for you to buy Ethereum with PayPal, credit cards, debit cards, e-wallets, and bank deposits.
Beginners traders get to interact with such educational content as how to invest in cryptos as well as a free demo account. Expert investors, on the other hand, gain access to tens of highly advanced trading tools like customizable charts and equally advanced research and risk management tools.
Even more importantly, eToro makes it possible for all its platform users to earn passively. Novice investors earn when they copy the trade settings of highly successful traders on the platform. And you only need a $200 account balance to start copy trading on eToro. Expert investors, on the other hand, receive a commission if they let newbie traders copy their trade settings.
eToro also makes it among the best places to buy Ethereum because of its affordability. It, for starters, maintains a relatively low deposit and trading limits of $10. It also maintains a competitive Ethereum trading fee, fixed at 1% of the trade volume.
Cryptoassets are a highly volatile unregulated investment product.
2. Crypto.com – Buy Ethereum and Earn Passively up to 12.5% APY
Crypto.com is one of the most crypto exchanges around – used by more than 80 million crypto investors globally. Its many core features influenced our decision to feature it in our list of the best places to buy Ethereum.
Key among these is the Crypto Earn feature that lets you make money via staking or crypto borrowing. Stablecoins like Tether and Dai earn you a 6.5% interest, while the likes of Polkadot earn you as much as 12.5% P.A. Crypto.com is also one of the DeFi platforms that lets you stake Bitcoins.
In addition to passive investing, we also list Crypto.com here because of its user-friendliness and affordability. It maintains a quick and straightforward account opening process as well as a highly navigable trading interface.
Further, Crypto.com lets you buy Ethereum with credit cards, debit cards, and bank deposits, as well as ACH transfers for US residents. The exchange maintains a volume-based fee structure with maker/taker fees ranging between 0.075% and 0%. Note that investors who have staked more than 50,000 CRO tokens do not pay maker fees and also enjoy a 12% discount on taker fees.
Other factors that help Crypto.com stand out include its support for a huge selection of cryptocurrencies. Here, you can buy and sell more than 250 cryptos, from large-cap coins like Bitcoin and meme coins like Dogecoin and Shiba Inu.
Additionally, the exchange integrates an NFT trading platform, which lists all the popular NFT collections. Not forgetting that it is a multi-platform exchange – available on the web and as a mobile trader. And that it has its own crypto card, developed in association with Visa, that you can use to spend digital assets in your account.
3. Coinbase – Buy Ethereum on the Mot Beginner Friendly Exchange
Another top place to buy Ethereum today is via Coinbase. It is the most successful of the oldest crypto exchanges. Set up in 2012, the crypto trading platform has gone on to become the largest and most liquid exchange in the US and the second most liquid exchange globally. In the more than a decade that it has been around, Coinbase has cultivated a solid reputation for reliability and security.
The exchange, for example, provides all its platform users with a free custodial wallet that holds their 98% of their digital assets in an ultra-secure offline vault. It then insures the remaining 2%. Additionally, Coinbase provides users with a free mobile wallet app for iOS and Android. This is secured with a password, embraces two-factor authentication, and encrypts the private keys for your crypto before depositing them in the root storage of your device.
But Coinbase’s popularity and security are the only reasons why we featured it among the best crypto exchanges in the US. It makes it here primarily because of its beginner-friendliness. This is evidenced by its straightforward client onboarding process, intuitive trading interface, support for many popular payment options, affordable deposit minimums, and Learn-to-Earn program.
The exchange doesn’t have a minimum deposit limit, lets you buy Ethereum with debit cards, and you can start investing in ETH and all the best altcoins supported here with only $2. The Learn-to-Earn project, on the other hand, rewards the exchange users with free crypto when they finish different crypto courses and other educational programs.
You may also like using Coinbase because it supports all the best future cryptos – more than 250 coins and hundreds of crypto pairs. It also lets you borrow crypto using Bitcoin as collateral, integrates one of the largest NFT marketplaces, and introduces you to the growing Web3 ecosystem. Not forgetting that it also has the Coinbase card that you may use to spend your crypto and earn crypto rewards.
4. Kraken – Buy Ethereum on the Most Secure Crypto Exchange
Founded in 2011, Kraken is arguably the oldest crypto exchange on this list. But it makes it here not because of its age but because of its solid reputation for safety and reliability. The exchange has never been hacked. And some of the security measures put in place to guarantee this include storage of client assets in ultra-secure, offsite, and distributed offline vaults.
Note, however, that Kraken doesn’t provide its platform users with stand-alone crypto wallets. You can only hold your assets Sin-exchange in their custodial offline vault.
Other attractive features that make eToro one of the best crypto exchanges include its deep liquidity and support for a decent selection of digital assets. Here, you can buy Ethereum alongside 230+ other established and new cryptos. And you only need $10 to get started, which may be deposited via popular fiat payment options, especially cards and bank transfers.
There are three crypto trading options on Kraken. You can buy Ethereum instantly with cards on the platform, or you may also choose to open a buy order on its intuitive trading interface. You may also use the Kraken dark pool – preferred by high-volume traders and anyone who wishes to buy Ethereum pseudonymously. The exchange then maintains competitive volume-based transaction fees, starting from 0.16% for spot crypto trades.
5. Binance – Buy Ethereum at the Lowest fees on the Most Liquid Exchange
Launched in mid-2017, Binance went on to become the largest and most liquid exchange in the world within its first six months of operation. A position it has maintained to date – even going ahead and facilitating spot crypto trades worth $5.3 Trillion in 2022. The deep liquidity has seen the exchange’s popularity soar, effectively helping it onboard 150 million registered users.
But these users are drawn in by more than liquidity. They also like the fact it maintains some of the lowest spot crypto trading fees, supports a wide selection of the best beginner cryptos, and maintains an intuitive interface. At the time of writing, Binance doesn’t charge you a trading fee for the BTC/TUSD pair. When buying Ethereum and other cryptos on Binance, you will pay a volume-based maker/taker fee of between 0.1% and 0.012%, and if you pay this fee with BNB coins, you qualify for a 25% discount. You also get to interact with 500+ of the next cryptos to explode and 1000+ trading pairs.
We also include Binance among the best places to buy Ethereum today because of the many features integrated into the platform. These include an NFT marketplace, support for margin and options trading, and the integration of the beginner-friendly Binance P2P platform.
In addition to these, Binance also introduces its platform users to a growing number of passive-income-generating opportunities. These include yield farming, staking, savings, crypto loans, and dual investing. The exchange also supports auto-investing and integrates multiple bots that you can use to automate your trades.
What is Ethereum?
Ethereum is a decentralized blockchain network guided by the Ethereum protocol. And though it is designed to offer a host of services, including being a peer-to-peer network that is censorship resistant, it is largely popular as an open internet mantra. It is also a cryptocurrency and the native token of the Ethereum network, better known as ether (ETH).
Ethereum launched in 2015 and was – in part – created to address the many challenges facing the pioneer blockchain network, Bitcoin. While Bitcoin focuses on facilitating online payments and replacing fiat currency, Ethereum is dedicated to creating an open internet ecosystem. It seeks to leverage the decentralized nature of blockchain technology in allowing developers to create and launch truly decentralized programs and apps as well as smart contract-powered programs.
Today, Ethereum has morphed into the largest smart contract platform and one of the most active blockchains. It is also home to the largest developer pool as well as the highest number of dApps and programs. It is also the hub for most innovations in the crypto verse, with likes of metaverse coins and most meme coins like Shiba Inu and ApeCoin having been birthed on the platform.
Is Ethereum a Good Investment?
Ethereum has followed in the footsteps of such popular coins as Bitcoin, Solana, Avalanche and more in outperforming all other asset classes. This makes it one of the best investments of the last decade. Between 2015 and its peak price in November 2021, for example, ETH grew its value by more than 1630000%.
This stellar past price action, however, isn’t the only factor making Ethereum a good investment. Here are a few other reasons why you may consider investing in Ethereum today:
Selling at a discounted price
At the time of writing, Ethereum is selling at a highly discounted price – close to 70% below its all-time high. This exposes your investment to dramatic gains as soon as the market starts recovering – possibly double-digit percentage gains.
Highly promising future
Ethereum is built atop a highly useful blockchain, which gives it a hugely promising future. Analysts and investors are all convinced that ETH’s value will continue soaring in the near future, which makes it worth buying today.
Rapidly growing ecosystem
Ethereum’s adoption, as well as investor interest in the cryptocurrency and its underlying blockchain network, are on a steady rise. This has investors and the crypto community convinced that ETH’s price will continue rallying in the foreseeable future.
Easy to get started
You may also want to buy Ethereum today because it is not only easily accessible, but a majority of deeply liquid exchanges have simplified the crypto investing process. The likes of eToro have made it possible for anyone to invest in crypto in minutes with as little as $1.
Diversify portfolio
Ethereum’s stellar past performance, its hugely promising future, and the fact that it is currently selling at a highly discounted price make it a valuable addition to any crypto portfolio.
Earn passively
Ethereum has been adopted by multiple DeFi platforms, effectively unlocking multiple passive income opportunities. The most common is Ethereum staking, yield farming when you contribute to different liquidity pools, crypto lending, dual-investing, or operating a master node.
Ethereum Price
We have already mentioned that Ethereum has been one of the best-performing cryptocurrencies in the world today. We have also mentioned that at its peak value in November 2021, it was already trading more than 1630000% above its IPO price. Much of this growth can be attributed to such factors as its rising in-network use cases and adoptions, which push its demand, as well as speculation.
Since its launch, Ethereum’s price has sustained an overall uptrending price action. It started rallying immediately after listing before slipping and falling below $1 for the last two months of 2015. But as its popularity soared in 2016, it was listed with several popular crypto exchanges. These helped ETH break above $15 in the first half of 2016.
Its first big rally, however, came about in the first quarter of 2017 when it tore above $50. It sustained a spirited run throughout the year, eventually breaking above $ 1,000 at the peak of that bull market in late 2017. This was followed by a period of price correction throughout 2018 and early 2019 – when it traded between $700 and $200.
Ethereum only started rallying again in late 2020, recaptured the $500 price level in December of that year and went on to set the current all-time high of $4891 in November 2021. Throughout the 2022 bear market, Ethereum shed much of its value and was, at one time, trading more than 80% below the all-time high. But in a show of resilience and readiness to rally, Ethereum started recovering in early 2023 and grew its value by close to 150% in the second half of the year 2023.
Ethereum Price Forecasts– 2024, 2025, 2030
Ethereum’s volatile price action and the unpredictable nature of the crypto market make it almost impossible for anyone to accurately forecast what ETH will be worth in future. And after comparing ETH’s current price to its ICO price, you might have wondered how much should you invest in crypto and if it is too late to invest in crypto.
There, nevertheless, is a general consensus between analysts, investors, and forecasters that ETH prices will continue rallying in the foreseeable future. These are confident that many of the factors that have helped push up Ethereum’s trending price action today will continue driving its value up. Some have even speculated that Ethereum will eventually overthrow Bitcoin as the most useful and valuable cryptocurrency by the turn of the decade.
Here are some of the price forecasts for the second most valuable digital currency at the end of the year, in 2025 and at the turn of the decade.
Ethereum price forecast 2024
After a gloom-ridden 2022 that saw Ethereum’s value shrink by more than 66%, the crypto asset started showing signs of recovery in 2023. It not only recaptured the $ 1,000 price level but also shot to $ 2,400 in the first half of 2023. In 2024, analysts are confident that ETH will maintain this uptrending action, with the majority expecting it to end the year trading between $ 2,700 and $ 3,200.
Ethereum price forecast 2025
The majority of analysts and investors are confident that Ethereum will maintain the overall uptrending price action it has maintained since its launch. This and such other factors as a recovering crypto market, the expected bull market, growing adoption, and growing investor interest in cryptos are all expected to drive up ETH’s price to between $7000 and $10,000 by the end of 2025.
Ethereum price forecast 2030
By 2030, Ethereum’s adoption – for both the ETH cryptocurrency and the decentralized Ethereum network – will have shot through the roof. We are also confident that the crypto market will have witnessed several bull markets. Crypto adoption will also have grown to unimaginable levels.
All these are expected to have a positive impact on Ethereum price prediction, with the likes of Tyler Winklevoss – the co-founder of the Gemini crypto exchange, expressing confidence in ETH’s ability to break above $80,000 before the end of 2030. A more optimistic Cathie Wood – CEO of Arch Invest – on the other hand, expects Ethereum to have torn above $180,000.
Popular Ways of Buying Ethereum
In an attempt to make the process of buying Ethereum as straightforward and user-friendly as possible, most exchanges now support multiple fiat payment options. Below, we teach you how to buy Ethereum using some of the most common fiat payment methods.
Buy Ethereum with a Credit Card or Debit Card
Credit cards and debit cards are some of the most accessible and convenient ways to make payments online. Today, a growing number of crypto exchanges and trading platforms will let you buy Ethereum with credit cards or debit cards.
The perk of buying Cryptos with cards on most exchanges is that these platforms do not charge a deposit processing fee. They also have relatively low deposit minimums and decent maximums. But even more importantly, card deposits are processed near-instantaneously.
Buy Ethereum with PayPal
Several crypto exchanges, including eToro and Coinbase, will let you buy Ethereum with PayPal. You may also buy cryptos with PayPal on Binance – but only through its peer-to-peer trading platform. As is the case with cards, most investors prefer card deposits because they are processed instantly, the exchange charges no deposit processing fee, and they also maintain relatively high daily deposit limits.
Buy Ethereum with Bank Deposit
Bank transfers are one of the most accessible and acceptable payment methods in the world. In fact, virtually all the popular crypto exchanges and trading platforms will let you buy Ethereum with Bank deposits.
In addition to its accessibility, bank transfers are preferred because of its high maximum deposit limits. There, for example, is no limit to how much you can deposit into eToro via bank transfer. Not forgetting that most exchanges don’t maintain a deposit processing fee for wire transfers.
When to Invest in Ethereum
If you ask a professional trader, analyst, or investor about the best time to buy Ethereum or any of the hottest cryptocurrencies, they will give you three possible answers. The first is to invest in a crypto asset during pre-launch (ICO) or immediately after ICO. Second, is soon after a price crash and third is to embrace the dollar cost averaging investing strategy.
In this section, we explore the two most practical times to invest in Ethereum today.
Buy the Dip
Buying the dip involves waiting for the crypto market and Ethereum token prices to crash before investing in the asset. Mid-2022 would, for instance, have been the perfect time to invest in Ethereum while it traded more than 90% below its November 2021 peak price.
The fact that Ethereum is still trading more than 60% below the 2021 all-time high also makes today a good time to invest in the second most valuable digital asset. In both cases, you stand to reap maximally when the digital asset eventually rebounds and sets the pace for a new price record.
Dollar Cost Averaging
But crypto dips are irregular, only happen once in a while, and are often short-lived. If you missed out on investing in Ethereum when it was selling at a highly discounted price, consider dollar-cost averaging. This means investing a fixed amount of cash into Ethereum on a regular basis – regardless of the price.
You, for example, may decide to invest $100 in Ethereum every week, bi-weekly, or monthly, regardless of its price at the time. This strategy works best for long-term crypto investors – especially novice investors.
What is the Best Ethereum Wallet?
Now that you know where to buy Ethereum as well as when to invest in the crypto asset, you need to learn how to keep your investment in the cryptocurrency safe.
There are three different types of crypto wallets to use in order to hold ETH tokens. First is the custodial wallet – typically a storage service offered for free by crypto exchanges to their platform users. eToro, Coinbase, Binance, Kraken, and Crypto.com all provide their platform users with a free exchange-based crypto wallets. They even claim to hold more than 90% of your digital assets in secure offline vaults.
If you do not wish to leave the private keys of your crypto in an exchange-provided wallet, consider moving them to a non-custodial mobile wallet app. These refer to app-based digital mobile wallets for iOS and Android, and they could be exchange-provided like eToro Money or availed by third-party storage platforms. Unlike custodial crypto wallets, digital mobile wallet and crypto apps give you more control and access to the private keys of your crypto investment.
If you are looking for absolute control and access to your private keys as well as guaranteed maximum security for your crypto assets, we advise you to consider investing in a hardware wallet. However, unlike exchange-based vaults and mobile wallets, hardware wallets aren’t free. We nevertheless advise our readers not to leave their digital assets in an exchange and consider investing in a hardware wallet that stores their cryptos securely offline.
How to Buy Ethereum – Step-by-Step Guide
In this section, we will show you in more details on how to buy your first Ethereum token today. As we have mentioned hereinabove, the crypto investing process on eToro is quick and straightforward, taking no more than a few minutes.
Follow these steps to buy Ethereum on eToro today:
Step 1: Register a crypto account
Start by opening the eToro website and hitting the ‘Join Now‘ icon. Alternatively, download the official eToro mobile trading app on the App Store or Play Store. Complete the user registration form by entering basic personal information.
eToro will ask for such details as your name and age, email address and phone number, zip code and country of residence, income sources and trading experience. You will then need to come up with a unique username and password for this account.
Step 2: Verify your identity
eToro is a multi-regulated crypto brokerage and is, therefore, required to subject its clients to KYC and AML checks. Verify your identity by submitting a photo of your government-issued identification document, such as your passport or driver’s license. Identity verification normally takes up to 24 hours, and eToro will notify you of the account approval via email.
Step 3: Deposit funds
Log in to the approved eToro trader account and hit the “Deposit Funds” icon on your user dashboard. A funding tab will pop up indicating all the deposit options available to you – based on your country of residence. Choose one and follow the prompts to deposit at least $10 into your trader account.
Step 4: Search for Ethereum
Once the deposit reflects on your trading account, enter ETHEREUM on the search bar on the user dashboard, then hit the “Trade Now” button and choose the buy option.
Step 5: Buy Ethereum
Use the trading tab that pops up here to customize this investment. Enter the amount of US Dollars you intend to invest in Ethereum and hit the “Open Trade” button to execute the buy order. eToro will immediately debit your fiat balance and credit the crypto account with ETH tokens.
How to Sell Ethereum
Selling Ethereum on eToro is easy as it follows the Ethereum buying process that we have outlined hereinabove. But upon searching for Ethereum, you will need to choose the ‘Sell’ option. Proceed to indicate the number of Ethereum tokens you wish to sell and before hitting the “open Trade” button to execute this sale.
Conclusion – Where to Buy Ethereum Right Now
There goes much of what you need to know about where to buy Ethereum and how to buy ETH right now. This guide has provided you with an overview of what we consider the best low-cost crypto exchanges where you can buy cryptos like Ethereum easily and securely. It also touched on the benefits of buying Ethereum today, explored the most common ways of investing in ETH tokens, and looked at the best time to buy the second most valuable cryptocurrency.
It now is time to start buying the digital asset while it trades at a discount. Simply follow the step-by-step guide to buying Ethereum on eToro that we have discussed hereinabove.
Reviewed and Fact Checked by Kamal Masri, Crypto Writer and Investment Analyst.
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Cryptoassets are a highly volatile unregulated investment product.
FAQs on Where to Buy Ethereum Today
How do I buy Ethereum?
It is simple. Register a crypto trader account with a reputable exchange like eToro, fund this account, and proceed to buy Ethereum instantly or open a buy order for the digital asset.
Is now a good time to buy Ethereum?
Yes, now is a good time to invest in Ethereum because it is selling at a highly discounted price. Rit is also the right to buy ETH because it has proved its resilience and is expected to not only rebound but also jump to a new peak price as soon as the market starts recovering.
Will Ethereum price go up?
Yes, Ethereum has maintained an overall uptrening price action since its launch in 2015. There have also been many developments within the Ethereum ecosystem, the altcoin's adoption is uptrend, and the crypto market is fast growing. And all these are expected to continue driving ETH prices further up.
Which is the best Ethereum exchange?
eToro stands out as one of the best Ethereum exchanges out there. Some of the factors helping the exchange make it here include its user-friendliness, security, and support for different fiat payment options.
How much do I need to start buying Ethereum?
A growing number of personal finance coaches and pro investors recommend that you turn at least 1% to 40% of your portfolio into crypto – depending on your risk tolerance. The minimum trade amount will most likely be set by your preferred crypto exchange while you – informed by such factors as your disposable income, crypto investing and experience, and prevailing market condition – set the maximum limit.
Can I Buy Ethereum on Coinbase?
Yes, you can buy Ethereum on Coinbase US as well as on Coinbase Global. You can buy ETH instantly on the exchange when you choose to open a buy order on their trading interface.
Where can I stake Ethereum?
A growing of crypto DeFi wallets and even crypto exchanges will let you stake Ethereum on their platforms and reward you with competitive interest rates. Popular exchanges that support Ethereum staking include Crypto.com, Binance, and Coinbase.