Ethereum is one of the most interesting inventions in the crypto space. The popularity of Ethereum has successfully re-imagined the purpose of cryptocurrencies. While in the previous years’ cryptocurrencies were mainly used as peer-to-peer electronic cash, nowadays, it has served various other use cases thanks to the rise of Ethereum.
Yes, natively, Ethereum has the capabilities to build smart contracts and DApps (decentralized applications). Nowadays, many tokens and altcoin projects are utilizing Ethereum to achieve their purposes. DeFi, gambling Dapps, stablecoins, you name it. Its rising popularity is also the main reason why so many people are interested in buying Ethereum (ETH) on the open market.
So, are you interested as well? If you are, you might be asking yourself a question “Where can I buy Ethereum”, right? With this article, we are going to teach you step by step where you can actually find Ethereums for sale.
If you are still new and you want to exchange directly from fiat to cryptocurrency, Coinbase is your best bet to buy Ethereum. Yes, Coinbase is one of the most popular fiat on/off-ramp for cryptocurrency traders. If your country is supported by Coinbase, it is highly recommended to register an account there.
Coinbase’s trading volume to sell or buy Ethereum is really good. While there are a lot of options out there to exchange other cryptocurrencies to Ethereum, Coinbase might be where you want to trade ETH from and to fiat currencies.
It is also interesting to know that Coinbase is directly supporting a popular stablecoin, USD Coin (USDC). For those who are looking to buy or sell ETH to a stablecoin instead to direct fiat, you might want to check USDC. And yes, you can directly trade ETH/USDC on Coinbase.
Another good solution to buy Ethereum is Binance. It is the most popular cryptocurrency exchange right now and it provides both crypto-to-crypto and fiat-to-crypto at the moment. You can directly sell or buy ETH from fiat currencies or you can trade it from other cryptocurrencies as well. Many big crypto traders like to trade directly on Binance, including with trading robots.
The fact that traders’ money are insured by Binance Insurance Fund (in case there are some hacking attempt) also makes people feel secure. Having extra peace of mind in terms of security is important and Binance provides that opportunity to its traders. As long as Binance remains the most popular crypto exchange, it is worth to try to buy Ethereum from it.
Another good option besides Coinbase and Binance is Kraken. You might also want to try Kraken if your country allows easy fiat deposit/withdrawal. It is one of the most popular fiat on and off ramps for crypto traders. Ethereum, as the second-largest cryptocurrency after Bitcoin, has decent liquidity on Kraken.
What’s interesting about Kraken is the fact that they also have margin trading options but with limited risk and leverages. You can trade up to 5x leverage if you decide to try margin trading on Kraken. The price to buy Ethereum on this exchange is also very competitive, pretty much comparable to Coinbase and Binance.
The next decent option to trade Ethereum against fiat currencies or other top cryptocurrencies is Gemini. Led by the Winklevoss twins, Gemini is a popular regulated crypto exchange in the United States. The trading volume on Gemini is lower than Kraken, Coinbase, or Binance, but it is still decent enough for starters who are looking to find where they can buy Ethereum.
Gemini also has its own stablecoin that is called GUSD. However, unlike Coinbase’s USDC, GUSD is not popular at all. The liquidity of GUSD is far smaller compared to USDC, TUSD, USDT, or PAX. If you choose to try Gemini, you want to trade directly from fiat to crypto, as it is where the most trading volumes come from.
Bitfinex remains one of the most popular crypto exchanges in the world despite their ongoing and past controversies with CryptoCapital and Tether (USDT). Bitfinex was actually the most famous crypto exchange before Coinbase and Binance took over its position. That being said, Bitfinex still remains one of the most favoured options by crypto traders despite them having less volume than Binance.
As for its Ethereum pairs selections, Bitfinex has both ETH/USD and ETH/EUR. Both of them have decent volume and traders can easily do market orders on Bitfinex without much problem. Keep in mind that many traders report slow fiat withdrawal time on Bitfinex. You should directly deposit and withdraw cryptocurrencies with Bitfinex.
Huobi is one of the most popular Asian cryptocurrency exchanges, with deep liquidity for altcoin pairs. Ethereum, as the second largest crypto by market cap, is not an exception. Yes, you can find Ethereum trading pairs on Huobi easily, with both ETH/USDT and ETH/BTC as its main selling points.
However, it is not recommended to buy Ethereum on Huobi if you want to go directly with fiat currencies. Huobi is only recommended if you plan to use stablecoins (such as USDT) or Bitcoin to trade to Ethereum. As of today, Huobi remains one of the most liquid crypto exchanges in the world.
Upbit is one of the most popular Korean crypto exchanges. If you are in South Korea and you plan to directly trade Korean Won (KRW) to Ethereum, Upbit is your best bet. Its ETH/KRW trading volume exceeds $20 million a day. The reason why we do not put Upbit on the top of list is simply because of its limited access outside the Korean market.
But yes, if you are in South Korea, you might want to trade with Upbit. It is also one of the few crypto exchanges with more than $300 million verified daily trading volume.
Another Korean exchange that’s worth mentioning is Bithumb. Both Bithumb and Upbit have large volumes when it comes to ETH/KRW trading pairs, and you might want to look into Bithumb if you live in South Korea.
But yes, just like Upbit, Bithumb also suffers from its lack of marketing efforts outside the Korean market. If you do not reside in South Korea, Bithumb is not one of the crypto exchanges you want to try.
Liquid.com is one of the most well-regulated crypto exchanges in the world. It was the first Japanese crypto exchange that received an official blessing from the Japanese FSA. The trading volume is fairly decent with over $200 million verified daily trading volume. They also prioritize security over convenience which might sound ideal for some traders. Yep, they put the majority of their crypto balances in multiple cold wallets (which is different from other crypto exchanges where they utilize hot wallets).
If you want an extra peace of mind while you trade crypto in centralized exchanges, Liquid.com is highly recommended. And yes, you can make fiat deposits to Liquid.com even if you are not based in Japan. Liquid’s trading volume for Ethereum trading pairs is quite decent even though they are not as good as the other exchanges mentioned above.
Conclusion – Where To Buy Ethereum
There are many cryptocurrency exchanges that are worth looking at if you plan to buy Ethereum. The options above cover pretty much all options that you have. If you want to trade fiat currencies directly to Ethereum, Coinbase and Kraken might be your best options. If you plan to trade other cryptocurrencies or stablecoins to Ethereum, you can try Binance or Huobi or Bitfinex. It is very easy to buy Ethereum nowadays considering it is the second most popular cryptocurrency on the planet.