Ethereum is a very popular smart contract platform that offers users unique opportunities to create tokens and decentralized applications. It is logical that Ethereum’s native cryptocurrency, ETH, is also in high demand. The asset’s owners use it for online settlements and transaction payments. You can get this asset by mining or by purchasing it, which is more convenient and simpler.
Where can I buy Ethers?
We are talking about the second most popular cryptocurrency in the world, so you can buy Ethereum (ETH) for US dollars (USD) in several ways and on different resources. ETH has high liquidity.
Tokens are traded:
- on almost all centralized crypto exchanges;
- in most online exchangers;
- on P2P platforms;
- in Telegram and WhatsApp channels.
In terms of security and reliability, the first two options – exchanges and exchangers – are the best. Therefore, it is wiser to make a choice between them, or exchange on a P2P platform, but with extreme caution. Understanding the features of each will help you decide on a method.
Buying Ethereum (ETH) on a crypto exchange
A cryptocurrency exchange is the most famous and reliable resource for buying and selling any cryptocurrency, including ETH. Among its advantages:
- the ability to choose a very favorable rate;
- a large selection of currency pairs;
- availability of different payment methods;
- guaranteed security.
But this option also has many disadvantages, such as:
- mandatory registration and verification;
- complexity of the interface;
- the presence of commissions (always);
- time costs (here the exchange takes longer than in exchangers).
Thus, if you decide to use a crypto exchange to buy Ethereum (ETH), you will need to register, verify, understand the specifics of the procedure, deposit money into your account, select the desired currency pair (USD/ETH), set the desired price, wait for the offer to arrive, and then make the deal.
Buying Ethereum (ETH) at an online exchanger
Electronic exchangers are services that specialize in exchanging different types of currencies at a set rate. They are the easiest and fastest way to buy Ethereum (ETH) for US dollars (USD). Their advantages include:
- implementation of simple and understandable actions for the client;
- high speed of the transaction;
- no registration and verification requirements;
- large selection of services, and, accordingly, offered rates;
- the ability to make an exchange without commissions.
The disadvantages of online exchangers include:
- the rate is slightly higher than the exchange rate;
- cases of fraud, but this does not threaten those who choose an exchanger using the exchange service monitoring portal.
To buy Ethereum (ETH) in the exchanger, just select the exchange direction, specify the required amount and wallet number to receive Ethers, pay the invoice issued by the exchanger.
Buying Ethereum (ETH) via P2P exchange
This method involves directly buying ETH from the owner of the asset, without intermediaries. The advantages of this option are:
- negotiated rate;
- negotiated payment method;
- simplicity of actions.
But the disadvantages are too significant:
- high risk of fraud;
- no guarantees.
To buy Ethers this way, you need to choose a platform, find a seller with suitable conditions, agree on the nuances of the transaction, and exchange money.
This is a risky option, so you will have to look for services with the “escrow” function. It is also inconvenient that you often have to wait a long time for the best offer. None of the described methods will allow you to exchange Ethers for US Dollars (USD) as quickly as in an electronic exchanger.
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