How to Buy Ethereum: Best Ways to Buy ETH in 2022

Where to buy Ethereum

Below are the popular crypto exchanges based on user experience,security,fee structure and supported coin, that you can use to purchase Ethereum (ETH) in 2022.

Before moving forward i want to make it clear that the ranking of these exchanges are in no particular order. With that in mind - Let’s explore these crypto platforms one by one so that you can select the best cryptocurrency exchange to buying your Ethereum.

1. Binance

Binance gets a lot of things right for traders who wish to focus solely on cryptocurrency. A diverse range of popular cryptocurrencies should appeal to everyone save the most passionate crypto fans.

Low trading costs and volume reductions should entice more active traders, especially because fees elsewhere are far higher.

Newer investors who want customer service may find a better match elsewhere, particularly if they intend to trade other stocks or crypto as a sideline.

Based on what has been discussed so far, Binance is unquestionably the premier Cryptocurrency Exchange, with low costs and excellent digital currency support.

Binance Features

1. Binance trading has some of the lowest costs in the business.
2. On Binance, you can trade over 180 cryptocurrencies.
3. The exchange is available through online and mobile apps for Android and iOS, as well as desktop programmes for macOS and Windows.
4. Binance Futures provides up to 125x leverage while margin trading provides up to 3x leverage.
5. It offers a dedicated help Centre where you may contact the support team or get actual beginning tips and explanations of various exchange operations.
6. It also allows you to make passive income from your crypto assets through staking, crypto lending, and other methods.

How to buy Ethereum on Binance

Binance has a rich collection of tools and dashboards that might be overwhelming. Its Buy Crypto page makes it easy to cut through the confusion and conduct straightforward transactions. It has a simple interface where you can buy, sell, or convert cryptocurrency.

1. Login to your Binance account and on the homepage click on the “Buy Crypto “Button.

2. You can purchase Ethereum (ETH) using a variety of fiat currencies. Enter the amount of fiat money you wish to spend, and the system will calculate the amount of Ethereum you can acquire.

3. Select the payment method and fill the required information than Continue.

4. Please double-check the payment information and costs, and complete your purchase within 1 minute, otherwise the amount of Ethereum you may get will be adjusted depending on the current market price. 

5. You'll be taken to your bank's OTP Transaction Page. To validate the payment, follow the on-screen instructions. Following that, you will be able to see the acquired ETH in your Binance Spot Wallet immediately.

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2. FTX

FTX is a cryptocurrency exchange with a wide range of assets. It is mostly used for trading crypto derivatives. FTX is well-known for its Bitcoin options trading. With 45 or more FTX leveraged tokens, this platform attracts the attention of hundreds of traders from all over the world. The crypto exchange offers a variety of features, including 101x leverage and 20+ perpetual swaps.

However, bitcoin traders in the United States are unable to use the site. FTX Exchange has a high amount of liquidity. It has the ability to back deals worth millions of dollars. Despite market instability, the exchange provides choices to its consumers. Overall, FTX provides the greatest products for expert crypto traders all around the world.

Getting Started with FTX

The signup procedure is basic and similar to that of other cryptocurrency exchanges. You can begin by doing the following:

Step 1: By selecting the "Register" tab at the top right of the home page. In the pop-up registration box that appears, enter your email address and password.

Step 2: To register an account and receive a confirmation email, click the "Sign Up" button.

Step 3: By clicking on "Account Security" and selecting Authy, Google Authenticator, or SMS, you may now safeguard your account.

Step 4: You can now deposit funds to trade; however, your account has a total withdrawal restriction of $1,000 until KYC verification is completed.

Step 5: To finish the KYC verification procedure and unlock larger withdrawal limits, go to the "Settings" tab.

How to buy Ethereum on FTX

Buying Ethereum on FTX Exchange is pretty easy and you can follow the below guide to purchase your first ETH

1. Log in to your FTX account.

2. On the upper right-hand side, click Wallet.

3. Select the asset you want to Deposit by clicking the Deposit button.

4. Enter the amount you want to buy in crypto or your local money.

5. Choose a payment method. To confirm your purchase, click Deposit USD (you can always click the back arrow to make a change).

6. If all of the information is accurate, click Buy to complete your transaction.

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3. Coinbase Exchange

Coinbase was established in 2012 as a platform for sending and receiving Bitcoin. The firm has expanded to accommodate dozens of distinct cryptocurrencies and now employs over 2,700 people globally. Coinbase is a decentralised organization with no central offices. You can easily buy and sell Ethereum (ETH) on Coinbase Exchange using our step by step guide.

The exchange has users in over 100 countries, and clients exchange over $327 billion every quarter. Coinbase oversees a thriving bitcoin ecosystem that serves 9,000 financial institutions.

It has two distinct trading platforms, as well as a separate bitcoin wallet service. You're likely to find all you need to create and manage a bitcoin portfolio or trading plan among the Coinbase offerings.

Coinbase Exchange Pros

• Cryptocurrency exchange that is safe and secure.
• Simple and user-friendly interface.
• Limits and liquidity are impressive.
• Accepted in more than 30 countries.
• Top rated best mobile app.
• Advanced trading platform provides free cryptocurrencies to let you learn about new digital tokens.
• Provides a Coinbase debit card that may be used to spend bitcoin anywhere.

Coinbase Exchange Cons

• To buy cryptocurrency with a debit card, you must pay a charge of 3.99 percent.
• The standard trading commission is 1.49 percent.
• Trading instruments are limited.
• There are no copy trading or social trading capabilities.
• Crypto exclusively - no other assets, like as stocks, are available for investment.

How to buy Ethereum on Coinbase Exchange

Follow our step by step guide below to start buying Ethereum (ETH) on Coinbase Exchange:

1. Log in to your Coinbase account.

2. On the upper right-hand side, click Buy / Sell.

3. Select Ethereum from the list of cryptocurrencies and click the Buy button.

4. Enter the amount you want to buy in ETH or your local money.

5. Choose a payment method (Credit card, Bank Transfer or Crypto).

6. To confirm your purchase, click Preview Buy (you can always click the back arrow to make a change).

7. If all of the information is accurate, click Buy to complete your transaction.

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4. OKX

OKX is clearly one of the more prolific exchanges on the market. However, the platform's past conduct, particularly how it handled its own users, has been recognized, and it would be smart to anticipate better behavior in the future.

Aside from that, OKX provides a one-stop shop for cryptocurrency trading and investment. OKX costs are in accordance with industry norms, and the exchange claims that it has never been hacked, despite reports to the contrary circulating on multiple occasions.

At the end of the day, OKX is a top 30 exchange with plenty of liquidity - clearly, the exchange is doing something well since it is there.

OKX Pros

• Allows the use of a wide range of fiat currencies to establish an account.
• Offers diverse range of services.
• Hundreds of trading pairs with high staking APYs.
• An easy-to-use buy/sell dashboard.
• Online chat tech support that replies promptly.

OKX Cons

• Very Complex fee structure.
• US Citizens are not allowed.
• There are no Demo accounts available.

 

Getting Started with OKX

Users must first create an account in order to utilize the exchange. The procedure is quite quick and straightforward. You can open an account with OKX by following the easy steps outlined below.

Step 1: Go to OKX official website and click the Sign up button.

Step 2: Enter your personal information and email with a secure password.

Step 3: Click the create account button after checking the box at the bottom of the form.

Step 4: Verify your supplied email address by clicking on the verification link that was delivered to your inbox.

Step 5: Enter the code that was delivered to your mobile device and click the Verify button. If you haven't received a code, select the Resend code option.

Step 6: When you first use the OKEx platform as a newly registered user, you will be able to select whether you are new or experienced in bitcoin trading.

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5. KuCoin

KuCoin has become one of the most popular cryptocurrency exchanges in the world. It not only gives you access to over 450 cryptocurrency pairings, but it also allows you to trade crypto-specific indices and Bitcoin futures.

Furthermore, ordinary trading costs are only 0.1 percent, which you may lower by an extra 20% by paying using KuCoin Shares. We also appreciate that you may now deposit funds with a debit or credit card, however you will have to go through a KYC check first.

Moreover, KuCoin is that it is not a fully regulated organization. While this means you may trade crypto-to-crypto pairings anonymously.

KuCoin Features

KuCoin has grown to become one of the world's largest cryptocurrency exchanges, thanks in large part to the variety of products and services it provides. KuCoin offers a number of benefits that distinguish it from other exchanges; let's have a look at some of the top features below:

1. Trade costs are extremely minimal at 0.1 percent, with reductions if you pay with KCS.
2. There are about 370 distinct cryptocurrencies available.
3. Apps for iOS and Android are available.
4. Buy cryptocurrency using fiat money.
5. Only a portion of KYC verification is necessary.
6. Buy and trade cryptocurrency with ZERO costs on a peer-to-peer marketplace.
7. Trading in futures and margin.
8. Earn KCS coins on a daily basis with the KuCoin bonus.
9. Lending and borrowing in cryptocurrency.
10. Trading bot for KuCoin.
11. Bank-level asset protection.

How to buy Ethereum on KuCoin

Do you want to know how to buy crypto on KuCoin? This is also really simple. Follow the steps below to buy Ethereum (ETH) on Kucoin:

1.  Login to your newly created Kucoin Account, go to the Buy Crypto tab from the main menu.

2. After that, you must look for Ethereum to purchase. To do so, type (ETH) or (Ethereum) into the search box on the right side of the page.

3. KuCoin will then provide all of the possible trading pairs for the Ethereum.

4. Enter the amount  of ETH you want to buy in crypto or your local money.

5. Choose a payment method (Credit Card ).

6. To confirm your purchase, click Preview Buy

7. If all of the information is accurate, click Buy to complete your transaction.

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6. Huobi Global

Huobi Pro is obviously and trades with lofty goals, as seen by its present aggressive worldwide expansion plan. As a trading platform, the exchange has few competitors in the cryptocurrency sector, and the breadth of digital currencies and tokens supported is a genuine strength. The alternative HADAX market will also earn many followers, and Huobi made a wise decision.

The registration procedure for traders who are not from China, Hong Kong, or Singapore is currently more difficult than ideal, but as local versions of the exchange come up in the United States and other Western countries, this should improve.

Getting Started with Huobi Global

To create an account on Huobi Global Exchange follow these steps:

Step 1: Go to the official website and On the top right of the page, click "Sign up."

Step 2: Choose "Country," enter your mobile phone number in the "Phone" field, create a password, and then click "register."

Step 3: To complete registration, enter the verification code.

Step 4: To finish the KYC verification procedure and unlock larger withdrawal limits.

How to buy Ethereum on Huobi Global

Follow the steps below to buy Ethereum (ETH) on Huobi Global: First and foremost, please ensure that you have sufficient USDT assets in your balance.

1. Visit Huobi global website. On the home page, select Ethereum, and then on the next page, click "Buy Crypto"

2. Within 45 seconds, enter the entire amount of money you want to spend or the total number of ETH you wish to acquire. Then, choose "Order." Next, select a payment option and transfer funds straight to the seller using the information given.

3. Then, using the payment option you selected, transmit the complete amount of money within the time period specified. Following payment completion, please click "Paid".

4. If all of the information is accurate, "Confirm" to confirm that you have finished the payment.

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Other Exchanges to buy Ethereum

Aside from using above popular platforms, there are variety of smaller cryptocurrency exchanges where you can buy ETH.

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Buy Ethereum on Decentralized Exchanges.

Below, you will find comprehensive and detailed review about top rated decentralized exchanges using which you can buy Ethereum (ETH) easily.

1. Uniswap (v3)

Uniswap is a decentralised exchange (DEX) that allows users to finance liquidity pools and benefit from them.

The platform's user-friendly online interface allows users to exchange Ethereum-powered ERC-20 tokens. Previously, decentralised exchanges had small order books and poor UXs, leaving a huge opportunity for successful decentralised exchange.

Users no longer have to accept defects because they can easily exchange Ethereum-based protocols using a web 3.0 wallet thanks to Uniswap. You can do so without having to deposit or withdraw funds from a centrally controlled order book. Uniswap allows users to trade without the intervention of a third party.

How to buy Ethereum on Uniswap (v3)

In this section, we'll go through below steps on how to make your first Ethereum purchase on Uniswap.

Uniswap allows you to buy Ethereum (ETH) and any of the thousands of ERC20 tokens offered by the Ethereum network. To do so, you'll need sufficient ETH on hand to cover any transaction costs, as well as anything to exchange for the ERC20 token you desire mostly Ethereum or USDT (ERC-20).

 

Step 1: Navigate to the Uniswap exchange platform. Click the 'Connect to a wallet' option in the upper right corner and log in with the Metamask or Trust wallet.

Step 2: After logging in, the trading dashboard will be shown. Select the token you want to trade for, and the token you want in the top section (in our case Ethereum), You can also search Ethereum (ETH) in Coinmarketcap and copy/paste the ETH contract in uniswap.

Step 3: You are now ready to place your order. You can put a number in the top area to specify how much you want to spend, or a number in the bottom field to specify how much you want to purchase.

Step 4: At the bottom of the order menu, you'll see how much you'll be charged. If you're satisfied with these numbers, click the 'Swap' option. When you're finished, confirm the transaction, and it'll be processed. Once completed, your tokens will be available in your ERC20 wallet.

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2. PancakeSwap (v2)

PancakeSwap is the most popular and widely used AMM for staking and yield farming. The exchange's trade volume exceeds $650 million. PancakeSwap is now the largest project running on BSC, and this momentum is anticipated to continue even if DeFi gains traction.

Still, adding PancakeSwap to a BSC is a significant step in the right way since it lets customers to engage in DeFi without worrying about expensive transaction fees or sluggish transaction speeds. While the market remains unpredictable and dynamic, the PancakeSwap team is working hard to provide an open and transparent platform that provides a number of ways to profit from crypto assets. There is also an emphasis on enhancing user experience in order to enhance platform usage, even among new users.

PancakeSwap (v2) Pros

• Pools and farms benefit from high APR/APY returns.
• Lower transaction costs than Uniswap.
• A diverse assortment of items.
• With an active community and developers, has more daily transactions than Uniswap.

PancakeSwap (v2) Cons

• Possible loss in liquidity pool.
• Prediction and the lottery might easily result in a loss of dollars (gambling).
• Because of its popularity, the network may get clogged.
• Many token scams are a possibility.

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Conclusion

Choosing the best cryptocurrency platform for Ethereum (ETH) might be a difficult task, there are various factors that one should consider before selecting a crypto exchange. These include the fees structure, security, exchange features, and whether it is based on fiat or crypto.
Remember, once you have shortlisted some exchanges, do your research on each of them to identify the most appropriate for you.

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