As we’ve noted before, you are better off avoiding exchange wallets since they are more vulnerable to attacks. The best alternative is to have a self-custody wallet that will let you control your private keys. PayPal launched the service in partnership with Paxos Trust Company allowing its US customers with PayPal Cash and Cash Plus accounts to purchase crypto. The company announced that the service will be expanded to select markets outside the US in 2021.

Buy with other crypto

Spot Ethereum ETFs, which were recently approved, are still awaiting launch. Once these approvals are in place, though, spot Ethereum ETFs will be allowed to begin trading on exchanges. While Canadian securities regulators have allowed spot Ethereum and other cryptocurrency ETFs to trade since April 2021, the U.S.

What Is the Safest Way to Buy Ethereum?

• We do not include the universe of companies or financial offers that may be available to you.
• So if you’re trading Ethereum or other cryptocurrencies, it’s important to understand what your investment relies on.
• Not forgetting that the exchange maintains highly competitive and discounted ETH trading fees.
• Money transferred from a bank through a traditional ACH deposit may take several days to arrive in your trading account.
• Binance, KuCoin and Kraken are the three usual options for most beginner traders, since they offer some good usability features, and are relatively easy to start using, in general.

We have discussed the three top exchanges to invest in Ethereum today and highlighted some of the key factors that help them stand out. We have also outlined the reasons why you should consider investing in Ethereum and the ETH investing risks that you should familiarize yourself with. And of course, by keeping your How to Invest in Ethereum Ethereum coins at eToro – as opposed to withdrawing them out to a private wallet, you can instantly cash out your investment whenever you see fit. Then, the proceeds will be added to your eToro cash account – ready to be withdrawn. Platforms like eToro also support e-wallets like Paypal, Skrill, and Neteller.

How to buy Ethereum with a debit/credit card?

• Coinbase is one of the oldest cryptocurrency exchanges in the market today.
• If your chosen payment method is a debit card or bank account, you will be required to transfer some funds to your exchange account to buy ether.
• The products give investors access to the underlying crypto without the need to own a crypto wallet.
• And if you want custody of your ETH private keys, Binance presents you with an equally secure non-custodial mobile wallet app – the Trust wallet.
• As the basis for buying Ethereum, it is important to identify the best trading platform for your needs.

This means there are fewer geographical restrictions than with centralized alternatives. If someone is selling what you want and accepting a payment method you can provide, you’re good to go. Decentralized exchanges are open marketplaces for ETH and other tokens. While blockchains are complicated and there have been many bad actors, you don’t need to understand how blockchains work internally to buy and use cryptocurrency. It is also much safer and easier to buy and protect them than it used to be if you take certain precautions. Here are some steps you can take to safely buy and store your ether.

Please appreciate that there may be other options available to you than the products, providers or services covered by our service. ETH, BTC, and stablecoins have the most versatile markets, as they are offered by most crypto exchanges and have the highest number of trading pairs. This makes ETH particularly suitable for speculative trading, which is a more advanced strategy that requires skills, experience, and higher risk tolerance. Once you own ETH you can leave it on the exchange for storage, or move it to a personal wallet for self-custody. Self-custody means that no one else can access or move your money on your behalf, giving you true ownership. This is different to a bank, which manages your money on your behalf and in can even prevent you from accessing it.

Through our detailed research and experience, we’ve found the best place to buy Ethereum today is eToro. The popular crypto exchange is fully regulated in the US, UK, EU and Australia and does’t charge high trading fees, making it the ideal platforms for investing in Ethereum or any other crypto assets. Hardware wallets are physical devices that store digital assets offline, allowing users to interact with various blockchain networks without running the risk of revealing their private keys. This is possible because hardware wallets can prevent remote access to these keys. Initially, Binance launched as a purely crypto-to-crypto trading platform. However, it has introduced various payment methods with its expansion, allowing users to purchase crypto directly using debit and credit cards, among other gateways.