Ethereum is a fast-growing blockchain with a market cap of about $335 billion. It is the next king on the blockchain after Bitcoin. It is the arrival of smart contract blockchains like Ethereum and others that give rise to decentralizing finance (Defi).
The digital currency that powers the Ethereum network is called Ether. The growing demand for Defi on the smart contract blockchain causes an increased demand for Ether. So, investing in this crypto is a good decision to take.
Read on as we will take you through how to buy and store your Ethereum in Europe. In the end, you will be able to seamlessly buy and secure your coin.
How to Buy Ethereum
Considering that it is the next most popular cryptocurrency after Bitcoin, you can buy Ethereum easily on exchange. An exchange is a platform that allows you to buy and sell cryptocurrency whenever you feel like doing so.
The following basic steps will guide you to buy Ethereum on exchange.
1. Open an Account.
To get started, you need to open an exchange account with a broker or an exchange. The role of the broker is to give you access to crypto trading. Fortunately, most exchanges grant access to Ethereum because it is a very large market.
There are numerous brokers to select. And you have to be careful while choosing them. Some features to ponder on before creating the account are:
- The kind of cryptocurrencies they grant access to
- Ease to access the cryptocurrencies
- Commission, fee schedules, and maintenance fees
- Security features like two-factor authenticity, fingerprint, and encryption availability.
During the creation of the account, you will supply your personal information to complete the process. You will need to supply information like:
- Your legal name
- The address of where you leave
- Your active email address
- Your current phone number
- A valid ID (passport, military ID, driver’s license, or any government-issued valid ID)
You can use a few minutes to complete the opening of the account with verification of identity. Some may use a long time to verify it.
2. Funding of Account.
The thing to do after the successful opening of an account is funding. Before you fund your account, you need to add a method of money transfer between your account and your payment source.
Some exchanges permit users to fund their accounts with a direct bank transfer. A few of them accept payment using credit cards. When you link your bank account to your account, they will do verification to ensure you are the owner of the account. Sometimes, it can take 3 – 5 working days.
3. Placing of Order.
After funding the account, the next thing is to place an order to buy Ethereum. The exchange gives you access to where you can purchase and sell it. Before you buy it, check the current price to know how much to buy.
One advantage of using this exchange is that you don’t need to buy a minimum of 1 Ethereum. You can buy a fraction of it based on your funds. They will calculate and sell the equivalent for you.
It is essential to be mindful of the type of order you place. Check the platform to be sure that you place an order on the one that is most applicable to you before you place it. Orders can affect the cost and speed of completion.
Where To Buy And Store Ethereum In Europe
Buying and storing your coins is very essential. Different exchanges are into this business. However, we want to look at the two most popular brokers that are very reliable. They broker are Bitpanda and Coinbase.
Anycoindirect happens to be one of the most reliable and popular brokers in Europe. The platform allows buying and selling of Ethereum with a credit card for those that are living in Europe.
There are other coins you can buy using this exchange. Coins like bitcoin, ripple, Litecoin, and DASH are available.
- One of the most reliable brokers in Europe
- Fast and helpful customer support
- Fees not clearly stated
- Fees are added to the price
Coinbase offers a platform that makes buying Ethereum easy for people in Europe, the UK, USA, and Canada. You can buy it instantly with a debit and credit card.
- The fastest and easiest way to buy Ethereum in Europe
- Easy to sign-up and use
- A very trusted exchange for traders
- An occasional challenge when seeking customer support
Conclusion – How to buy and store Ethereum in Europe
Buying and storing Ethereum in Europe is becoming easier than before. We have reliable exchanges that provide easy, fast, and trusted platforms for cryptocurrency trading.
You can buy and store any fraction depending on your funds. With the above information, we hope you can buy Ethereum in Europe without hassles.