Where to Buy Ethereum in 2024 Safe Regulated Exchanges

Cryptocurrency trading and trading in related products like crypto contracts for differences (CFDs) or futures may be limited by country or jurisdiction. Binance is the leading global exchange in terms of trading volume. As of May 28, 2024, trading volume on the exchange amounted to $21.15 billion. Amilcar has 10 years of FinTech, blockchain, and crypto startup experience and advises financial institutions, governments, regulators, and startups. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent, a Motley Fool service, does not cover all offers on the market.

• Remember to always store your coins in a wallet of which you have complete control.
• PrimeXBT has distinguished itself as the premier cryptocurrency exchange for advanced traders.
• Kraken Pro is the advanced version of Kraken, which experienced traders or investors can use to participate with a lesser fee.
• For instance, if you opt to buy ETH through an ATM, you won’t be needed to create an account anywhere.
• From here, it’s up to you — you can trade it, use it to buy NFTs, or hold it for the long term.

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Binance trading fees are among the cheapest in the cryptocurrency market. Additionally, if you opt to pay the trading fees using BNB, you get a 25% discount. The exchange boasts one of the broadest asset support of any crypto exchange currently, with over 100 assets and more than 500 trading pairs. Different platforms have different procedures to perform this activity, but they all have a section to ‘Deposit’ funds. A typical ‘Deposits’ page will provide detailed instructions to transfer the funds from your bank account or debit/credit card to the account. Buy Bitcoin Worldwide receives compensation with respect to its referrals for out-bound crypto exchanges and crypto wallet websites.

• However, in September 2022, Ethereum switched to proof of stake.
• This is usually for tax purposes and to discourage illicit behavior on the exchange.
• It caters to over 8 million users worldwide, with some of the most secure crypto-storing methods.
• Long-term investors may also find that the possibility of increased blockchain adoption makes Ethereum a great diversification asset to include in their portfolios.
• Keep in mind that while stock brokers have SIPC insurance to cover investors in case the brokerage fails, crypto exchanges do not.

Steps to Safely Buying Ethereum

• Even with self custody, you will need to exercise extreme security measures to ensure that your coins remain yours.
• What’s more, desktop wallets work on Windows OS, macOS, or Linux operating systems, while mobile wallets run on Android and iOS systems.
• Kraken is one of the largest US-based cryptocurrency exchanges with headquarters in San Francisco, California.
• These platforms provide a healthy combination of low fees, quick transactions, and a broad selection of payment methods.
• There are two main ways to fund your Kraken account—crypto or fiat currencies.
• Once you have purchased ETH through the exchange, you can withdraw the cryptocurrency a wallet you control.
• A typical ‘Deposits’ page will provide detailed instructions to transfer the funds from your bank account or debit/credit card to the account.

Regulated exchanges are required to gather client identification is what has become known as Know Your Client (KYC) procedures. This is usually for tax purposes and to discourage illicit behavior on the exchange. The type of exchange you choose depends on how to buy ethereum your preferences and risk tolerance. The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters. You will need to pay taxes on your crypto activities, so make sure you keep a record of your purchases.

Is it worth investing in Ethereum?

Most exchanges require that you verify your account in one or more ways. This is where you will likely need to upload documents to verify your identity and ensure that your account passes regulatory muster. Verification can take anywhere from one hour to a day or two, depending on the exchange. When you create an account, you’ll probably need to confirm your identity before you can deposit funds. You can usually do this by uploading an image of your passport or ID.

PayPal (US customers only)

A broker should have web, mobile, and desktop platforms so you can always access your funds, regardless of your device. Ensure they are competitive and see that you don’t end up paying too much for the service.Exchanges and brokers take different fees. These include deposit and withdrawal fees, trading commissions, inactivity fees, etc. You should also ensure your broker doesn’t impose hidden fees on you.