How to Buy Ethereum (ETH)

To buy Ethereum, you can turn to a crypto-currency exchange, a digital wallet or a CFD broker. This article discusses the pros and cons of each approach in detail.

Best brokers

  1. FP MarketsAward Best FX Broker Australia 2021
  2. AvaTradeAward Best Mobile Trading Platform 2021
  3. PrimeXBTAward Best Platform for Margin Trading, 2020 - ADVFN
  4. Currency.comAward Best Crypto Exchange, 2019 - Blockchain Life Awards
  5. FxProAward Best MetaTrader Broker, 2020

Broker reviews

FP Markets is a true ECN broker with razor-thin spreads and deep liquidity. Trade CFDs on over 10,000 stocks, indices, commodities and currency pairs through Iress, and over 1,000 such instruments through MetaTrader 5. FP Markets supports all trading styles and EAs.

  • Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD), Bonds (CFD)
    * Availability subject to regulation.
  • Platforms: MetaTrader 4, MetaTrader 5, Copy trading
  • Regulators: Australia, Saint Vincent and the Grenadines
  • Incorporated: 2005

$100
deposit

1:500
leverage

Market
execution

$100
deposit

1:500
leverage

Market
execution

$100
deposit

1:500
leverage

Market
execution

$100
deposit

1:500
leverage

Market
execution

AvaTrade (AvaTrade.com) is an award-winning online broker. Trade CFDs on Forex, crypto-currencies, shares, metals and more on MetaTrader 4 or 5. AvaTrade accepts all Expert Advisors except those with a focus on arbitrage.

  • Risk warning: 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  • Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD), Bonds (CFD)
    * Availability subject to regulation.
  • Platforms: MetaTrader 4, MetaTrader 5, Copy trading
  • Regulators: Australia, BVI, Ireland, Japan, South Africa, UAE
  • Incorporated: 2006

$100
deposit

1:400
leverage

Instant
execution

$100
deposit

1:30
leverage

Instant
execution

$100
deposit

1:400
leverage

Instant
execution

$100
deposit

1:30
leverage

Instant
execution

$100
deposit

1:400
leverage

Instant
execution

Start trading in minutes, with no prior identity checks, when you fund your account with crypto. Easily buy crypto through its platform if you have none. PrimeXBT.com's trading platform was voted "Best Platform for Trading with Leverage" in 2020 and "Best Crypto and Forex Broker" in 2019.

  • Markets: Forex (CFD), Cryptos (CFD)*, Indices (CFD), Metals (CFD), Energy (CFD)
    * Availability subject to regulation.
  • Platforms: Copy trading, Mirror trading
  • Regulators: None
  • Incorporated: 2018

$40
deposit

1:1000
leverage

Market
execution

Currency.com is one of the first regulated crypto exchanges for tokenised assets. Trade over 1,500 assets as digital tokens, across a wide range of tokenised asset classes with leverage up to 1:500.

  • Risk warning: Tokenised assets are not legal tender and are not backed by the state. The acquisition of tokenised assets may lead to the complete loss of your funds.
  • Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD)
    * Availability subject to regulation.
  • Regulators: Saint Vincent and the Grenadines
  • Incorporated: NA

$20
deposit

1:500
leverage

Market
execution

FxPro (FxPro.com) is a global broker, winner of 60+ awards including "Best MetaTrader Broker" in 2020 and "Best FX Provider" three times in a row. Trade 250+ instruments across a wide range of asset classes on MT4/5 or cTrader. FxPro accepts all Expert Advisors and even provides an EA back-testing service.

  • Risk warning: 79.78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs and Spread Betting work and whether you can afford to take the high risk of losing your money.
  • Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD)
    * Availability subject to regulation.
  • Platforms: MetaTrader 4, MetaTrader 5, cTrader, Copy trading
  • Regulators: Bahamas, CySEC, South Africa, UK
  • Incorporated: 2006

$500
deposit

1:200
leverage

Instant
execution

$500
deposit

1:200
leverage

Market
execution

$500
deposit

1:200
leverage

Market
execution

$500
deposit

1:200
leverage

Market
execution

LiteFinance (LiteFinance.com), formerly LiteForex, is an ECN broker headquartered in Russia. Trade CFDs on a wide range of markets on Metatrader 4 or 5, with flexible leverage up to 1:500. LiteFinance accepts all EAs and trading styles, including scalping and news trading.

  • Risk warning: 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  • Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)
    * Availability subject to regulation.
  • Platforms: MetaTrader 4, MetaTrader 5, Copy trading, Mirror trading
  • Regulators: CySEC, Saint Vincent and the Grenadines
  • Incorporated: 2005

$50
deposit

1:500
leverage

Market
execution

$50
deposit

1:500
leverage

Market
execution

Trade without restrictions with OctaFX (OctaFX.com), an international broker headquartered in St. Vincent & The Grenadines. Access CFDs on currency pairs, indices, precious metals and commodities on MetaTrader 4, MetaTrader 5 or cTrader.

  • Markets: Forex (CFD), Cryptos (CFD)*, Indices (CFD), Metals (CFD), Energy (CFD)
    * Availability subject to regulation.
  • Platforms: MetaTrader 4, MetaTrader 5, Copy trading
  • Regulators: CySEC, Saint Vincent and the Grenadines
  • Incorporated: NA

$100
deposit

1:500
leverage

Market
execution

$100
deposit

1:500
leverage

Market
execution

FXPRIMUS prides itself in creating a safe and secure trading environment. Trade CFDs on Forex, crypto-currencies, indices, metals and energies, on MetaTrader 4 or 5.

  • Risk warning: 68.18% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please be advised that certain products may not be available for traders from EEA countries due to legal restrictions.
  • Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)
    * Availability subject to regulation.
  • Platforms: MetaTrader 4, MetaTrader 5, Copy trading, Mirror trading
  • Regulators: CySEC, Vanuatu
  • Incorporated: 2009

$15
deposit

1:30
leverage

Market
execution

$500
deposit

1:30
leverage

Market
execution

$15
deposit

1:1000
leverage

Market
execution

$500
deposit

1:500
leverage

Market
execution

Trade CFDs without commission on Forex, shares, indices, commodities and ETFs with Plus500.com. Plus500 is listed on the London Stock Exchange and is regulated across several jurisdictions.

  • Risk warning: 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
  • Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD)
    * Availability subject to regulation.
  • Regulators: Australia, CySEC, New Zealand, Singapore, South Africa, UK
  • Incorporated: 2008

$100
deposit

1:30 (CySEC & ASIC), 1:300 (FSA)
leverage ?

Instant
execution

NordFX (NordFX.com) is an international Forex broker serving traders worldwide from its headquarters in Mauritius.

  • Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD)
    * Availability subject to regulation.
  • Platforms: MetaTrader 4, Copy trading
  • Regulators: Mauritius
  • Incorporated: 2008

$10
deposit

1:1000
leverage

Instant
execution

#1. Trade CFDs on the price of Ethereum

Buy or sell CFDs (Contract for Difference) on the price of Ethereum through regulated brokers like AvaTrade.com, HotForex.com or eToro.com. When you buy a CFD, you aren't buying crypto-currency. Instead, you are speculating on the price of Ethereum using the US Dollar or the Euro. Buy a CFD if you expect the price to rise, with a view to sell it later for more, to realise a profit. Or sell a CFD if you expect the price of to fall, with a view to buy it later for less, to realise a profit.

Pros

When you trade CFDs, you'll never be at risk of having your crypto-currency stolen or hacked. This is because you don't own assets. You are simply speculating on price changes.

CFDs allow you to profit from rises and falls in the price of Ethereum. Interestingly, you can sell a CFD (go short), without owning Ethereum, because you are only speculating on changes in price. Open a demo account to see for yourself.

Cons

If you leverage your trades, you will pay interest on your borrowings. This form of interest is known as "swap fees" in the industry's jargon. We suggest opening a demo account first to familiarise yourself with your broker's platform and market dynamics.

#2. Buy Ethereum through an electronic wallet

You can also buy Ethereum through Skrill.com and Neteller.com, two regulated electronic wallets. These platforms are similar to PayPal: first fund your account, then shop online without sharing your card or bank account details. Once you've opened an account with Skrill and added funds, you can buy Ethereum and other crypto-currencies online. Skrill allows you to place conditional buy or sell orders that only execute once certain price points have been reached. You can also buy crypto-currency over time through scheduled purchases.

Pros

Skrill and NETELLER offer a safe and easy way to buy Bitcoin online. Open an account in minutes and fund it through a bank transfer or card payment. You can use your account immediately, albeit with lower deposit and withdrawal limits until your account is verified.

Both platforms have transparent pricing. Skrill charges a 1.50% fee on orders above EUR 100, and just 0.50% when you perform a peer-to-peer transaction. NETELLER charges a 1.50% fee when you convert Ethereum into EUR or USD, and a 3% across other fiat currencies.

Cons

When you buy Ethereum, you can only profit from increases in price. This means you'll need to time your purchase around a dip in the market, or buy if you expect prices to continue to rise. Otherwise, you'll have to bide your time, which you may find frustrating.

#3. Buy Ethereum through an exchange

Crypto-currency exchanges like HitBTC or Binance bring buyers and sellers together. They act as a marketplace, aggregating orders and establishing prices. In the early days of Bitcoin, exchanges were largely unregulated and noticeable price differences existed between exchanges. However, this has changed as crypto-currency has become mainstream and professional investors are active market participants.

Pros

Crypto-currency exchanges provide an authentic buying experience. Binance shows buy and sell orders in real time; this provides transparency and could also help you predict the likely future direction in prices.

Cons

Crypto-currency exchanges have always had a poor track record at security. According to the Wall Street Journal, "insufficient levels of defense have made some exchanges simple to breach".

Once you have bought Ethereum, you'll want to store your coins in a digital wallet, away from the exchange. However, finding a digital wallet you can trust is easier said than done. Alternatively, you could store your coins offline, but could then be exposed to theft or loss.

Opening and funding an account with a crypto-currency exchange remains a low and frustrating experience, particularly if you are a non-US resident. If you are looking to enter the market quickly to take advantage of fast falling or rising prices, you may want to consider alternatives.


Featured brokers

FxPro

MT4 Floating - Instant Execution

Trade 70+ currency pairs, spot indices, energies, metals and shares on floating spreads and instant ... More

  • $500 deposit
  • 1:200 leverage ?
  • 1.71 pips EUR/USD
Risk warning: 79.78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs and Spread Betting work and whether you can afford to take the high risk of losing your money.

AvaTrade

AvaTrade Account [BVI]

Trade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, indices, bonds and... More

  • $100 deposit
  • 1:400 leverage ?
  • 0.9 pips EUR/USD
Risk warning: 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FP Markets

ECN RAW Account [MT5]

Trade over 60 pairs of currencies as well as CFDs on metals, indices and commodities through MT5 ... More

  • $100 deposit
  • 1:500 leverage ?
  • 0.09 pips EUR/USD

AvaTrade

Professional Account [EU]

Trade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, indices, bonds and... More

  • $100 deposit
  • 1:400 leverage ?
  • 0.6 pips EUR/USD
Risk warning: 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.