Suppose you are interested in buying Ethereum (ETH). In that case, you are already well aware that today it is the world’s second most popular and demanded cryptocurrency (Bitcoin remains the undisputed leader). It has many advantageous features, and financial analysts predict its price will rise in the future, so it can be considered a profitable investment option for many years to come. There are different ways to buy Ethereum in which you can pay with ordinary money, so let’s see what to do and how.
Buying ETH: Where to Start and What You Need to Know
So, before you buy Ether cryptocurrency, you must have a wallet to store digital money. Each user can independently choose the most convenient option for themselves – install it on a PC, download a mobile application, or open an online wallet.
It is not difficult to buy cryptocurrency today, and in any amount, paying with Credit Card USD and more. In principle, the amount purchased depends only on your financial security and the deposit set by the exchange or the selected exchange. Therefore, having opened the wallet, we proceed to the second step – we choose the path for making a purchase, and this can be:
- An online exchange service (also known as an exchanger)
- Cryptocurrency exchange
- Direct exchange with the owner of the crypto for fiat currency
Purchase through an Online Exchange Service
If you have chosen an exchanger to buy Ethereum (ETH) with Visa and MasterCard, you can find it at https://www.bestchange.com/visa-mastercard-usd-to-ethereum.html. Most exchange services work with fiat currencies, and it doesn’t matter what bank card you have.
Today, there are a lot of exchangers, and they all have different rates and conditions for purchase. Therefore, first of all, it is worth analyzing all the offers and choosing the most profitable one. To do this, you do not need to monitor it yourself, and it is much easier to use the help of the aggregator of electronic currency exchangers https://www.bestchange.com, where you can find the rating of cryptocurrency rates.
This method of obtaining Ether has several advantages, including:
- A huge selection of exchange services
- Fast transactions
- The ability to choose a resource on which the exchange will be made at minimal cost, i.e., at the lowest rate and without additional commissions
- The ability to use a convenient resource (exchangers operate in automatic, semi-automatic, and manual modes)
- Ease of use, convenient and intuitive interfaces even for beginners, accessibility of exchange without registration
- Service works at any time of the day
For the sake of objectivity, the disadvantages of exchangers should also be noted. There are a few of them, but they exist: the rate is slightly worse than the market rate (set on the exchange), additional commissions, and a limited exchange reserve are possible. Fraudulent structures are not excluded, but this will not be a problem if you search through BestChange.
Buying on a Cryptocurrency Exchange
The next way is to purchase digital money on a specialized cryptocurrency trading exchange. A big plus is that here you can acquire them with maximum benefit at a low price, a fairly large range of limits for buying or selling is offered, and it is possible to work with different currency pairs. A separate advantage is high reliability and safety.
As for cons, many users note the difficulty for beginners in understanding the principle and mechanism of work, the presence of transaction fees, verification (as in the case of buying Ethereum with a Credit Card, bank transfers are made), and delays associated with this procedure.
Dealing with the ETH Owner Directly
The direct purchase option is also not discounted, but only when acquiring digital coins from a friend. Then you can agree on a reasonable price and avoid paying all kinds of commissions to intermediaries.
If the seller is unfamiliar to you, it is better not to take risks. There are too many scammers on the internet, and users are not protected.