If you’ve been keeping up with all cryptocurrency related news, you’re probably aware that Bitcoin’s days as the best cryptocurrency are numbered. Ethereum has been gaining popularity and value at an exponential rate whereas Bitcoin has been quite stable of late.
As such, experts believe that pretty soon Ethereum will be the primary cryptocurrency in the world. As such, there are a number of different reasons why you should buy Ethereum.
In this article, I’ll show you 3 reliable platforms where you can buy Ethereum instantly.
However, before you buy Ethereum, you should also get some secured means of storing them. There are a lot of great hardware and online wallets in the market. However, you should avoid online wallets as they’re connected to the internet always and thus can be hacked. You should instead get hardware wallets as they’re completely offline and impossible to hack. The two best hardware wallets out there are Ledger Nano S and TREZOR and both of them will be ideally suited to store your Ethereum.
Comparative Table of 3 Best Places to buy Ethereum
Before I get into a detailed introduction to these platforms and show you how to buy Ethereum instantly, I’ve created the following comparative table. You can use it to compare their most important features and specifications to help narrow down your choices.
|Coinbase Review||3.75%||Great||32 Countries - Europe, US, Canada||Buy|
|Coinmama Review||6.15%||Good||226 countries and 24 US states||Buy|
|BitPanda Review||3 to 4%||Good||Only Europe||Buy|
PART 1: Coinbase
Coinbase is the most famous cryptocurrency exchange platform in the world. That’s because it’s extremely user friendly, ideal for beginners, has a moderate transaction fee, and supports all the major cryptocurrencies like Litecoin, Bitcoin, and Ethereum. You can buy Ethereum instantly by creating an account with Coinbase.
How to buy Ethereum with Coinbase:
- Register with Coinbase.
- Enter your email address.
- You’ll be sent a mail. Click on the link to confirm it.
- Supply all the government IDs and verification details necessary.
- Go to Payment Methods > Add Payment Method. Now you can either add your bank details or your credit/debit card details.
- If you add the credit card, Coinbase will make two small transactions from your card. To verify the card, you’ll have to confirm the amount that was taken.
- Go to “Buy Digital Currency”.
- Select Ethereum from your dashboard.
- Go to Buy/Sell and select “Buy”.
- Enter the amount that you want to buy and select your payment method.
- Click on “Complete Buy”.
Once you finish this process, you’ll receive the Ethereum in your account. You can then transfer it to your hardware wallet.
If you prefer a visual guide, you can watch the following video:
You can contact Coinbase at their Support page.
Geographical Availability: 32 Countries, mostly Europe, US, and Canada. You can check if they’re available in your country here.
Fees: 3.75% on all Credit/Debit card purchases.
Read: Coinbase Review
PART 2: Coinmama
Coinmama is a platform meant just for buying Ethereum and Bitcoins. Those are the only cryptocurrencies available and you can only buy with Coinmama, you can’t sell. Furthermore, you can’t even use Coinmama for temporary storage. You have to transfer your Ethereum to an external wallet immediately upon purchase.
So why do people use Coinmama?
Because it’s the easiest means of purchasing Ethereum. You don’t even have to create an account. Furthermore, you can buy Ethereum up to $/€ 150 without even verifying anything. You simply enter the value, enter your card details, and voila! However, if you exceed the $/€ 150 mark, you have to verify your identity.
How to Buy Ethereum with Coinmama:
- Go to “Buy Ethereum” in the homepage and enter the amount you want to purchase.
- Select the payment option you prefer.
- Enter your wallet address so the Ethereum can be sent there.
- Go to “Proceed to Checkout”.
- Fill up the checkout form, confirming your details and your credit card number.
- Go to “Pay Now”.
After you make the payment, the transaction will display “In Process”. Within 10-20 you’ll receive the funds in your wallet.
You can watch the following video for a visual guide:
Geographical Availability: Available in 226 countries and 24 US states.
Fees: At 6.15% transaction fee, plus an additional 5% for credit/debit cards, Coinmama is the most expensive platform from which to buy Ethereum.
Read: Coinmama Review
PART 3: BitPanda
BitPanda is an Austrian Ethereum exchange platform with the lowest transaction fee in the market.
How to Buy Ethereum with BitPanda:
- Register with BitPanda by entering your email address.
- Confirm the email address.
- Add your payment details, be it bank transfer or credit/debit cards.
- Select “Ethereum” and enter the amount you want.
- Place the order using your payment method.
- Confirm the order via SMS or email.
Once that is done, you’ll receive the Ethereum in your account soon.
You can watch the following YouTube video for a visual guide:
Geographical Availability: Only in Europe.
Fees: The transaction fee is between 3 to 4%.
Read: BitPanda Review
Now that you know about the 3 best places to buy Ethereum instantly, it’s up to you to decide which of these platforms is ideally suited for your needs. My personal recommendation would be to use Coinbase as it’s the safest and most reliable. However, if you’re not in the right geographical location for that, you can use Coinmama or BitPanda.
Whatever you use, do comment down below and let me know about your experience with it.