Ethereum is the world’s second-largest cryptocurrency by market cap. Unlike Bitcoin, Ethereum is much more than just a digital currency. Ethereum runs a powerful blockchain that allows developers to deploy distributed apps that users can interact with. If you’re new to Ethereum, chances are that you want to learn how it works and the best places to buy Ethereum and turn a profit. There are numerous platforms where new traders can buy and sell Ethereum with ease. Picking one is more difficult than it seems. Platforms are differentiated based on the services they offer, features, fees, and others. In this where to buy Ethereum guide, we will show you how to buy Ethereum online and the best platforms to work with, for example United Kingdom based eToro which also offers easy Ethereum staking in your wallet once you’ve bought it. Contents [show] How to Buy Ethereum in the UK – Quick Guide Choose an Ethereum exchange – we recommend eToro which is licensed and regulated in the UK Create and verify your account Deposit funds into your account via bank transfer, debit card, Paypal, ewallet or other methods Search ‘Ethereum’ in the drop-down menu Click ‘Trade’, select an amount of ETH to buy then open the trade Best Way to Buy Ethereum in the UK Invest£=Bitcoin CashBitcoin CashCardanoDashEthereumEthereum ClassicIOTALitecoinStellarXRPBinance CoinEOSNEOTezosTRONZCashChainlinkUniswap Protocol TokenDogecoinyearn.financeDecentralandAlgorandBasic Attention TokenPolygonShiba InuEnjin CoinMakerCompoundBitcoinPolkadotSolanaFTX TokenTerraAaveAvalancheBalancerBancor Network TokenBand ProtocolCeloChilizCosmosFantomHedera HashgraphSerumStorjSushiSynthetixThe GraphThetaUMAKyber NetworkLoopringOrchid ProtocolQuantREN1inchAxie Infinity ShardsThe SandboxAnkr NetworkAmpAPI3LivepeerMy Neighbor AliceOrigin ProtocolCrypto.com Chain TokenSKALE NetworkFileCoinAsia Pacific Electronic CoinSparkGalaCurve DAO Token0xFetch.AICartesiSwipeElrondMatic NetworkBitTorrentVeChainHydro ProtocolSolaOasis LabsRaydiumIlluviumRender TokenAlien WorldsYield Guild GamesTravalaPancakeSwapEthernity ChainHarmonyImpactGasMercury ProtocolNearAugurNumeraireMulti Collateral DaiOMG NetworkWrapped BitcoinTetheriEx.ecGemini DollarPARSIQUSD CoinPaxos StandardDecredBitcoin SVDFI.moneyStoxVergeDaiHoloMoneroRavencoinRefreshMore Filters6 Providers that match your filtersSort ByRatingRatingPrice6 Providers that match your filters Payment methodsGiropayNetellerPaypalSepa TransferSkrillSofortFeaturesInstant VerificationFor BeginnersWallet ServiceMobile AppUsabilityVery GoodGoodAverageBadSupportVery GoodGoodAverageBadFees0 or betterSafety0 or betterCoin selection0 or betterRating0 or betterClear FilterRatingfor £1000 you get0.8416 ETHFeaturesEasiest to depositMost regulatedCopytrade winning investorsFeesSafetyCoin selectionfor £1000 you get0.8416 ETHBuy EthereumRead Review68% of retail CFD accounts lose money.FeaturesPayment methodsLoad more + These online brokers were carefully chosen and reviewed as the best brokers to buy Ethereum (as well as Bitcoin): eToro ByBit Binance KuCoin Bitfinex Revolut CryptoRocket Changelly These platforms provide a healthy combination of low fees, quick transactions, and a broad selection of payment methods. They make it easy for investors to buy Ethereum and have high liquidity, so buying cryptocurrency and selling are never a problem. They also have high security to safeguard your digital assets. Their crypto wallets are secure, and they conduct proper checks to comply with anti-money laundering (AML) and know-your-customer (KYC) policies. Compare UK Ethereum Exchanges & Brokers Buy Ethereum68% of retail CFD accounts lose money.Buy EthereumThe price and value of any investment in digital asset products can fluctuate.Buy EthereumAs with any asset, the values of digital currencies may fluctuate significantly.Buy EthereumThe traded price of digital tokens can fluctuate greatly within a short period of time.Buy EthereumThe value of digital currencies can go up or down frequently.Buy EthereumMarket prices for digital tokens can be volatile and highly unpredictable.Rating5.04.54.44.34.24.1Mobile App Rating10/109/109/108/109/108/10FeaturesMobile AppWalletNumber of Coins732259366517FeesTrading FeesSpreads0.1%0.1%0.1%0.50%0.1%Deposit FeesN/AN/AN/AN/AN/AN/AWithdrawal Fees$50.0005 BTCN/AN/AN/AN/AExtrasRegulatedASIC, CySEC, FCAN/AFCAN/AFCAN/AMin. Deposit$50N/A$10N/A$2$10Leveraged TradingN/A1 - 100x1 - 100x1 - 100xN/A1 - 10xLatest Prices (per Coin)Bitcoin£17462.53£17302.60£30761.62£30738.22£30756.78£30752.96Ethereum£1188.16£1177.28£2129.82£2127.84£2128.20£2128.38XRP£0.43N/A£0.59£0.18£0.23N/ATetherN/A£0.89N/A£0.76£0.76N/ALitecoin£47.71N/A£83.06£82.98£82.98N/ABitcoin Cash£105.24N/A£224.68£385.38£224.55N/AChainlink£6.69N/A£11.18£10.85£11.16N/ACardano£0.39N/A£0.63£0.63£0.63N/AIOTA£0.27£0.27£0.27N/A£0.27£0.53Binance Coin£255.46£253.12£293.82N/AN/AN/AStellar£0.11N/A£0.14£0.14£0.14£0.06Bitcoin SVN/AN/AN/A£138.88N/AN/AUSD CoinN/AN/AN/A£0.76N/AN/AEOS£1.09£1.08£1.57£1.57£1.56£1.57MoneroN/A£129.50N/AN/AN/AN/APayment methodsGiropayNetellerPaypalSepa TransferSkrillSofort How to Buy Ethereum in the UK – Guide to the Best Brokers in October 2022 Don’t have the time required to pour through our detailed review? Here’s a quick summary below on how to buy Ethereum with GBP in less than three minutes. Open an account with eToro: Create a free account on eToro and get started. Upload ID: Verify your identity by submitting a copy of your passport or driver’s license. Fund your account: Deposit to start investing in Ethereum crypto Buy Ethereum: Once you have made a deposit, you can now start trading Ethereum Once you follow the steps above, you should have Ethereum in your crypto wallet. Most investors will keep their Ethereum on the eToro platform until it’s time to cash out. You can, however, also withdraw your Ethereum to the eToro mobile wallet. eToro Tutorial Now that you have known what Ethereum is all about and the solutions it brings to the blockchain ecosystem, you should be asking how to buy Ethereum stock. We will show you step by step how you can begin your Ethereum trading journey. We have chosen eToro for illustrating how you can get your hands on some Ethereum crypto. Step 1: Create an account on eToro The first thing you need to do is create an account on the eToro trading platform. Every user on eToro goes through this stage. Buy Ethereum Now Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply. Once you get to the sign-up page, you will be asked to supply your username and a valid email address. You will also need to create a unique and strong password. The process takes about two minutes max from signing up to verification of your email. This step is only urgent if you plan on buying more than $2,250 (about £1,800) worth of Ethereum for a start. If not, you can skip it and do it later. Step 2: Verify your identity Verification is the next thing on the agenda. This is because eToro is a regulated trading entity and it requires every user to undergo its know-your-customer (KYC) process. Here, you will need to submit a copy of your official passport or driver’s license. You can easily do this by taking a snapshot of your license and uploading it on the eToro platform. Additionally, you will be asked to submit a utility bill to verify your residential address. When you complete this process, you should be ready to move onto the next step. Step 3: Download the eToro App (Optional) If you are always on the move, then you might need to download the eToro investment app. it’s not compulsory. You can always stick with the desktop version. You get basically the same features. The eToro mobile app is available for Android and iOS devices and you can find them on the Google Play Store and the Apple App Store. Step 4: Deposit Funds After your account has been verified, you will need to fund your trading account to buy Ethereum stock. This needs to be at least $200 – or about £160. eToro makes this process seamless as you can fund your account through multiple payment channels. You can buy Ethereum with Paypal, Neteller, Skrill, bank wire transfer, and even though your debit card. Another way would be to use a crypto asset like Bitcoin to buy Ethereum crypto. Step 5: Buy Ethereum After funding your account, head down to the search bar and type in “Ethereum.” You will be shown a couple of results. All you need to concentrate on is the first result that pops up. Click on it and you will be redirected to the Ethereum page. You can briefly look at the performance of the crypto asset by clicking on the “Stats” and “Chart” button on display. Also, if you want to know what other traders feel about it, you can click on the “Feeds” button and read through their reviews of the digital asset. When you are ready to proceed, click on the “Trade” button on your top right corner. You will be instantly taken to an order page to start trading. Once users buy Ethereum on eToro and hold it in their free exchange wallet you can also receive staking rewards for doing so – eToro takes daily snapshots of your Ethereum balance and issues rewards to you. Read more about Ethereum staking. Where to Buy Ethereum in the UK – Top List Cryptocurrencies were available on just a few trading platforms a couple of years ago but since the recent crypto boom, many investment companies have started offering crypto trades. Although there are so many exchanges you can easily gain exposure to Ethereum crypto, only a few can be trusted. We review three of the best platforms you can easily get some Ether. 1. eToro – Overall Best Way To Buy Ethereum eToro stands out as our top trading platform for users to buy Ethereum. The platform is quite popular worldwide with over 13 million clients and counting. If you’re looking to buy Ethereum for the first time, eToro is the best option for you. Given its decade-long trading experience, eToro has separated itself from the multitude of trading platforms out there through its social trading approach to investing and its focus on user experience. eToro has been able to turn the usually complex and confusing world of financial speculation into a platform where people connect and learn from one another. The online brokerage covers a wide array of investment products. It hosts cryptocurrencies including Ethereum. You can buy them and trade them against fiat currencies. In addition, you can buy shares from multiple stock exchanges worldwide and ETFs. Besides its ease of use, registering and funding your account, eToro is also popular among traders for its 100% commission-free trading. This means you can buy multiple investments without having to spend extra on brokerage fees. You also don’t pay extra for keeping your accounts open either, so you can hold on to your Ethereum investment for as long as you like. You can learn more about eToro from this guide. Pros Regulated platform Buy Ethereum 100% commission-free Zero commission trades for crypto trading Seamless account opening Social trading experience Supports multiple payment channels More than 3,000 shares to choose from Cons Withdrawal fee of $5 Minimum first deposit of $200 Visit eToro Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply. 2. Binance – Popular Ethereum Exchange with Low Fees Binance is a household name due to the large trading volume it boasts of. This popular Ethereum exchange has gradually become the go-to destination for global crypto transactions due to its low trading fees of just 0.1% maker and taker fees. Binance boasts of a sleek and fast trading platform and processes more than $60 billion worth of crypto transactions daily. It has a similar build to major exchange Coinbase, but with more features and listings. Binance offers one of the largest trading pairs in the crypto market with over 150 crypto assets currently being traded on the platform. You also get margin trading for trading Ethereum along with Futures trading. Buy Ethereum with USDT on Binance Added to this is the ease, crypto investors can place their trade and the frequent addition of new services to their crypto portfolio. Binance also offers legacy-styled financial services like savings for crypto funds through its Binance Earn. It also lets users earn crypto assets if they stake their crypto funds in upcoming projects in its Binance Launchpool platform. It also offers synthesized versions of conventional company stocks like $TSLA and $COIN. Pros Hundreds of cryptocurrency pairs supported 0.1% Trading fees Supports multiple debit cards and bank transfers Trustworthy platform Ideal for professional traders that seek advanced features Offers synthesized stock options Offers legacy-backed services through its Binance Earn program Cons Can be overwhelming for crypto newbies High debit card deposit fees Visit Binance Your capital is at risk. 3. Uphold – Easy Web & App Trading Trusted by 7 million users across 184 countries, the Uphold exchange platform, app and debit card are a fast and convenient way to buy Bitcoin. Alongside their website they also have an app on Google Play and the App Store for Android and iOS users. Uphold charge a spread of 0.85% when buying Bitcoin, and 1% when selling. Some of the other popular assets you can invest in with Uphold include Apple stock, Amazon, AT&T, Tesla, Gold, Silver, Platinum, Palladium and more. Their motto is ‘anything to anything’ trading. They also open up investing to anyone through fractional stock trading – you can invest as little as $1 in companies like Google. Unlike some online stockbrokers where you are required to put up a large amount of capital to get started. Pros No deposit or withdrawal fees Debit card pays 2% cashback for using crypto Also buy and trade stocks, metals, fiat currencies Cons Doesn’t accept Paypal Less crypto assets supported than larger exchanges Visit Uphold Your capital is at risk. 4. Coinbase: Largest Crypto Exchange in the United States Coinbase is the top cryptocurrency exchange in North America. In fact, the exchange is now listed on the NASDAQ exchange. If you go to Binance and find the exchange too confusing to use, Coinbase is your next best option. It has a much better user interface than Binance, and the exchange provides comparable services. With a $2 minimum account balance, Coinbase appeals to newbie investors and sophisticated ones alike. The exchange also provides benefits like top-notch security, broad currency pairs, and a wide array of deposit and withdrawal options. Furthermore, Coinbase has a complex fee structure. Trading and transactions cost anywhere between 0.5 percent to 4.5 percent, depending on your currency type, platform, and transaction channel. Coinbase helps by providing an overview before you go ahead with a trade or transaction, so you know what you’re paying for. Pros Broad currency portfolio Easy-to-use interface Low minimum account balance Cons Complex fee structure Visit Coinbase Your capital is at risk. 5. AvaTrade – Legacy Crypto Trading Platform for Investors AvaTrade is a forex and CFD brokerage service that has been operating since 2006. It is a part of the Avas Group, which is based in Australia. While it is incorporated in the Republic of Ireland, AvaTrade also has offices in Australia, Japan, Canada, the British Virgin Islands, and South Africa. With AvaTrade, you get the usuals – a broad asset collection, in-depth research and abduction tools, and compatibility with different platforms. If you’re a forex options trader, you will also love AvaOptions – the service’s proprietary platform for retail forex and CFD options trading. On AvaTrade, the minimum deposit amount is $100. You get a wide array of payment channels, ranging from bank transfers to debit cards and payment processors. However, like Coinbase, Ava Trade also has a complex fee structure for trades – especially if you’re into CFDs. You can learn more about AvaTrade here. Pros Dedicated platform for options trading Research and educational tools Competitive minimum balance Cons Complex fee structure Visit Avatrade Your capital is at risk. 6. Revolut – Personal Finance Service With Crypto Support Revolut is a full-scale neobank and one of the most popular financial service apps in the world. Launched in 2015, the London-based service deals more with currency transactions and banking services. So, it doesn’t have any trading support available. On Revolut, you can get up to 30 cryptocurrencies. Beyond transactions, you can also convert your cryptocurrencies to fiat currency in a matter of seconds. Revolut comes with several impressive features, including a Revolut card for transactions and ATM withdrawals and a savings vault that lets you lock your money and earn interest. The online broker comes with different pricing tiers. So, you will need to check yours to find things like fees and minimum balances. However, withdrawing money with your Revolut card is free for up to €200/£200 per month. Then, it costs 2 percent from there. Transferring money is free with Revolut, but you will have to pay a few to use SWIFT transfers. For currency exchanges, you get to pay no fees up to €1,000/£1,000 per month on weekdays. You can learn more about Revolut here. Pros Up to 4.78% annual bonus rate in savings vault account. No monthly fees for the standard account Access to a broad range of currencies Cons No cash or check deposits Fee for delivery of its Revolut card. No live customer service via telephone. Visit Revolut Your capital is at risk. 7. CryptoRocket – Newbie Crypto Trading and Exchange Platform CryptoRocket is another crypto-focused trading and brokerage service. Launched in 2018, the service is based in Saint Vincent and the Grenadines. It offers different assets, including crypto, ETFs, metals, indices, stocks, and CFDs. Users of CryptoRocket get to enjoy several benefits. The service offers various education tools, and this service has the broadest asset class of any on the list – you can even trade oil and gas instruments here. CryptoRocket also has a demo account and an impressive customer support service. Margin trading is also available on CryptoRocket, and traders in some countries can get up to 1:1,500 leverage. There is no minimum deposit on CryptoRocket, and deposits are free. However, the service has a minimum withdrawal of 0.001 BTC. There are no hidden fees here, and trading commissions start from $6 per 1.0 lot. Pros Up to 1:500 margin Broad asset class No hidden fees Cons Not available in the U.S. Visit CryptoRocket Your capital is at risk. 8. Changelly – Nifty Exchange for Instant Ethereum Purchases Changelly is a non-custodial exchange for buying cryptocurrencies like Ethereum with ease. The platform is a well-positioned platform for instant crypto purchases. Changelly also provides crypto-to-crypto exchange and supports over 140 digital assets on its platform. One of the highlights of this Ethereum exchange is privacy. Changelly won’t require any form of personal info from you when buying Ethereum or any other crypto on their platform. Changelly’s fees are pretty competitive. The exchange charges 0.25 percent for crypto swaps. But it charges 5 percent for crypto-to-fiat conversions. There are no deposit fees, and trading fees vary between assets. Withdrawal fees stand at 0.0004 BTC. Pros Broad crypto options Strong AML/KYC procedures Simplified exchange interface Cons High crypto-to-fiat transfer fees No margin trading Visit Changelly Your capital is at risk. What is Ethereum? Ethereum is a decentralized, open-source blockchain with smart contract functionality. Ethereum has become the most successful crypto protocol after Bitcoin, given its extensive use in the blockchain ecosystem. It currently sits as the second most valuable cryptocurrency on the crypto chart controlling about 19% of the entire crypto market. Ethereum was birthed in a bid to propel further the decentralization ethos espoused by Satoshi Nakamoto through Bitcoin. Through this, Buterin created a platform that performed all the same functionality as a legacy-backed financial institution without the central authority. Ethereum has since become the home of much of the world’s decentralized projects, housing over 200 such protocols presently. Notably, most people buy Ethereum as a speculative asset. In this regard, Ethereum is more like Bitcoin. Investors buy the asset in the hope that the price increases, and they can profit from it. A Quick History of Ethereum Ethereum was founded in July 2015 by a group of developers following a whitepaper written by Russian/Canadian programmer Vitalik Buterin. Along with Buterin, several other people who helped to design the concept of Ethereum include Gavin Wood, Charles Hoskinson, Anthony Di Iorio, Mihai Alisie, Amir Chetrit, Joseph Lubin, and Jeffrey Wilcke. However, the development of Ethereum didn’t start until a year later, when Ethereum Switzerland GmbH – a Swiss company – started the formal software development process. Ethereum eventually launched in 2015, as well as its native cryptocurrency and programming language. As explained, the basis of Ethereum is blockchain technology – a type of database that stores information in groups (called blocks). Information is stored into blocks, and blocks are banded together into the main chain. When the Ethereum cryptocurrency launched, it quickly shot up the ranks and became the second most valuable cryptocurrency. This is due in no small part to the rampant adoption that the Ethereum blockchain saw. Ethereum allows people to organize ideas, companies, money, and services, build decentralized applications (DApps) on the blockchain. This saw Ethereum allowing transactions to be initiated through its set of computer codes called smart contracts. These line of codes are only executed when both transacting parties meet certain conditions. However, this adoption surge also spelled trouble for Ethereum. The blockchain soon developed scalability issues and transaction fees began to surge as more people preferred to build on Ethereum. To solve this, the Ethereum developers proposed Ethereum 2.0 – an upgrade that will make the blockchain easier and more effective. The upgrade is still in progress, and there is a great deal of excitement at the prospect of making the Ethereum blockchain better for users. As for the Ethereum cryptocurrency, it is still seeing a lot of adoption. Besides being an impressive investment asset, several top online platforms – including Shopify and OVerstock – also accept it as a means of making payments. Why Buy Ethereum? Ethereum Analysis Cryptocurrencies, in particular, are now popular. But, knowing which one to choose could be a burden. To help sift through this issue, we list some of the reasons why you might want to invest in Ethereum this year. Financial Returns The value of the cryptocurrency market has risen exponentially this year, with Bitcoin leading the way. So has the value of Ethereum. In 2015 when the project was first launched, you would have paid $3 for one Etherum coin. Two years after, the value of one Ether hit an all-time high of $1,400. This year, the price has gone to as high as $4,300. This represents an over 143,000% increase in value. This means an initial investment of £500 in 2015 would be worth over £716,000 today. Although the price of Ethereum has been corrected recently, the digital asset has performed quite well so far. Smart Contracts This is one of the reasons why Ethereum is popular. Its ability to facilitate smart contract transactions is unrivaled. A smart contract is basically a piece of code that allows two or more people to enter into a self-executing agreement. Once deployed into the blockchain, the terms of the contract cannot be amended or manipulated. This way, many people can enter into agreements without needing to trust the other party. Many of the popular apps today are built on smart contracts, including cryptocurrency exchanges. It’s a concept that’s revolutionizing how we think and see the world and gaining ground. Market Capitalization Another reason why you might want to invest in Ethereum is the small market cap. Ethereum has a market cap of $348 billion. This is worth more than most companies listed on the New York Stock Exchange. However, when you look at the problems, the Ethereum Network is trying to solve and its market reach, you’ll realize that the valuation is still relatively small. As such, if you buy Ethereum now, you’re still getting a good deal. Technology Most of the cryptocurrencies in the market today are built on the Ethereum blockchain. This means they do not have proprietary technology–but rather, they depend on the Ethereum network. Many of these cryptocurrencies are ‘ERC-20’ tokens that require the Ethereum network to function, and many projects go this route because, unlike Bitcoin, Ethereum’s network makes it easy for anyone to create cryptocurrencies. Once these tokens are built, in turn, it drives up demand for the Ethereum coin, as users need the digital asset to function on the network. Choosing the Right Broker When Buying Ethereum Everyone is getting into crypto these days, and it’s understandable if you want to as well. However, like it is with investing in anything else, you have to be careful when selecting brokers. These factors should help you make the right choice: 1. Fees You want to check the sees that a broker charges. Make sure they are competitive and see to it that you don’t end up paying too much for the service. Exchanges and brokers take different fees. These include deposit and withdrawal fees, trading commissions, inactivity fees, etc. You should also ensure that your broker of choice doesn’t impose any hidden fees on you. 2. Payment Options The best brokers allow you to pay using different options. From bank transfers and cards to payment processors, you want to ensure flexibility when it comes to payment options. 3. Safety Look into the broker’s safety precautions. You don’t want to suffer any surprising hacks. You can also check the broker’s history with hacks and security breaches to get more confidence. 4. Customer Support A broker should be able to support you and should be available when you need them. No one wants emergencies, but you want to be able to call on them when these situations arise. 5. Regulatory Approval Ensure that your chosen broker is approved by your country’s financial regulator. This way, you get to avoid any surprising crackdowns. 6. Available Platforms A broker should have web, mobile, and desktop platforms so you get to access your funds at all times, regardless of what device you use. Warning: Reasonable Investment is Key in Crypto It’s important to note that cryptocurrencies can be very volatile. Ethereum is no different. Before you make an investment, take time out to study and be confident about what you’re buying. Cryptocurrencies are like every other investment – subject to price swings and trends. You want to make sure that you have your eye on the ball and do your proper research before you commit to an asset. You should also set aside a budget for your investment. This way you only spend funds allotted for investments without running into debts. Also, try not to put all your money in one investment and be careful to hedge your bets. Take advantage of online sources when investing too. Many review sites like ours provide valuable information on cryptocurrencies, and you can use those to check and ascertain your stance before investing. Many of these sites also have dedicated experts who work round the clock to monitor the market and make recommendations. Take their recommendations and compare them with your research. The more certain you are, the better for you. Ethereum Mining: Create New Ethereum Tokens Most newbies try to acquire cryptocurrencies either by buying them directly or trading them. However, there’s a third option that tends to get left in the background a lot. That option is called crypto mining. Ethereum is no different. You can easily mine Ether. Miners engage in Ethereum mining to contribute to the smooth functioning of a blockchain and to get tokens as rewards. They do this by contributing their computing power to help add and verify transactions on the blockchain. In turn, they get a predetermined number of tokens for their hard work. Ethereum mining remains popular – partly because Ethereum is the second-largest cryptocurrency by market cap. However, to get started, you should know that mining requires a significant financial commitment. To start with, mining requires an Application-Specific Integrated Circuit (ASIC). These are specialized rigs that are built and designed to run the high-level calculations that mining entails. In the early days of mining, you could conduct the operation with your personal computer. However, blockchain networks have become too congested, and you will need more computing power to stand a chance. Sadly, ASICs aren’t cheap. An effective mining rig can cost you upwards of $5,000. You will also need to consider other hardware to pair it with. Let’s not forget the insane electricity costs, as mining requires a lot of power. If you don’t have the capital to start a mining operation, an alternative is to visit a broker like eToro to buy Ethereum crypto. Investment Tip: Minimizing Risk With Cryptocurrencies Cryptocurrencies’ volatility means that investors tend to risk a lot when working with them. To protect yourself, keep the following in mind: Do Your Own Research: Research is always important when investing. Never put money into an asset if you’re not sure about it. Do your independent research, then look for expert opinions. This is another area where review sites can help out. Avoid FOMO: The Fear of Missing Out (FOMO) grips the crypto space now and then. When people start to jump into a craze for the fun of it, you don’t necessarily have to. Carry out your research to determine if the asset is safe to invest in, then go ahead. Moreover, you can always set some cash apart to invest in an asset when people start to FOMO. Set a target: If you’re a day trader, it helps to have a target when trading. Once you hit this target, close your positions and start again the next period. Greed leads nowhere. Ways of Buying Ethereum Buy Ethereum With Paypal PayPal now offers a cryptocurrency trading service that allows customers to buy, sell and hold digital assets like Ethereum. Notably, this service is only opened to customers in the U.S. However, that doesn’t mean you still can’t indirectly use PayPal to buy Ethereum. Many top bitcoin exchanges, including eToro, allows you to fund your trading account using your PayPal account. This way, you can easily transfer funds from to eToro to buy Ethereum with PayPal. This is the same process you would use to buy Ethereum from an exchange using a bank wire option, except that PayPal is instant and easy. You can also buy Ethereum using other payment options like Skrill and Neteller. Buy Ethereum With Debit Card If you are using a debit card, you can use it to purchase some Ethereum coins with them. There are many trusted cryptocurrency exchange platforms, including eToro, that support debit card payments. Ethereum Price Like much of the broader crypto market, Ethereum price has seen positive movements as the crypto market has continued to gain prominence. Starting Q1 2021 at just $737.75, Ethereum price has surged over 500% in the last five months, and one Ether currently goes for over $2,990. Ethereum price has continued to experience growth primarily due to the boom of the decentralized finance (DeFi) space which currently has over $77 billion total value locked (TVL). Ethereum Price Prediction Ethereum blockchain has continued to rise, making a new all-time high (ATH) just north of $4,500 in the past week before the market correction. In speaking of the possibility of Ether being more valuable with time, there is a growing belief amongst crypto enthusiasts. This is because of its myriad use cases in the DeFi world. The Etherum network has also been used to issue bonds, and many more institutional investors see it as the gateway to the booming DeFi space. If you did buy Ethereum in Dec. 2020, you would like to have made five times your investment by now. Read more Ethereum price predictions here. Investing in Ethereum vs. Trading Ethereum Ethereum has attracted so much admiration given the number of decentralized applications it supports. And just like any hot stock, many people are considering whether to invest in it long-term or just buy low and sell high. Just like any investment vehicle, Ethereum can be invested in and traded simultaneously. For instance, you buy Ethereum crypto when it was just $700. Now that it has risen to over $3,000, such an investor would have made over 200% in the space of five months. Trading Ethereum is also an option if you are experienced in understanding market movements. Professional traders who held till Ether reached the $4,500 mark and sold the top would have made profits if they sold. Now that it has dropped below the $4K mark, traders can easily buy Ethereum and hold it till it rises again. Best Ethereum Wallet Cryptocurrencies need digital wallets to store them. There are different types of Ethereum wallets that you can use to store your funds. We have desktop wallets, mobile wallets, hardware wallets, online wallets, and paper wallets. For cryptocurrency traders, hardware wallets, mobile wallets, and desktop wallets are often the preferred choices. Hardware wallets are often suited for people investing in Ethereum long term. While for day or scalp traders, a desktop or mobile wallet should do the trick. Two of the best digital wallets that we recommend are the eToro crypto wallet and Binance Blockchain wallet. Both digital storages allow you to store, receive, and transfer crypto in just a few clicks. They are also user-friendly, support multiple crypto assets, and secure digital wallets you can trust to keep your crypto funds from theft. The cool thing about digital wallets on offer is that they also enable you to trade and swap over 500 crypto pairs seamlessly. Ethereum vs. Other Cryptocurrencies Ethereum isn’t the only cryptocurrency to enjoy worldwide appeal. Here’s a comparison with some other top assets: Ethereum vs Bitcoin Bitcoin remains the only cryptocurrency to be more popular than Ethereum. Bitcoin is the pioneer digital asset, although Etheruem has more functionalities than the former. Still, the comparisons have always been there. If Bitcoin is digital gold, Ethereum is digital silver. Ethereum vs Litecoin Litecoin is a digital asset that was billed as the “lite version of Bitcoin.” It shares many similarities with the leading asset, but it hasn’t quite been able to catch on like Ethereum. Litecoin used to be the third most valuable cryptocurrency. Today, it holds the 7th position. Ethereum vs Libra Libra is a stablecoin project that was backed by an association that includes the likes of Facebook and PayPal. It was announced in June 2019, although it is yet to launch. Regulators worldwide have questioned the motive for Libra, especially given Facebook’s history with data privacy. Libra has now rebranded its name and structure. It’s called “Diem” and the organization plans to roll out the stablecoin in 2021. Ethereum vs Dogecoin Dogecoin is the world’s largest meme coin by market cap. It doesn’t particularly have a use case, but it enjoys a loyal fanbase – including and especially Tesla CEO Elon Musk. These fans have banded to pump Dogecoin time and again, pushing the asset to over 12,000 percent gains in 2021 alone. Ethereum Reddit – Keep Up to Date with Ethereum News Reddit is a social media space that has become quickly associated with cryptocurrencies given to its heavy use by crypto enthusiasts. Given its role in the GameStop stock saga, Reddit has since grown to become the destination point for everything and anything investment opinions. The Ethereum crypto has also found a home on Reddit. You can get a feel of what the subreddit is all about by visiting the r/ethereum site. The social community created in 2013 has become home to over 900,000 builders. There, you will be able to get the latest news concerning its upcoming Ethereum 2.0 upgrade, learn about novel projects like NFTs, track the performance of the Ether token on the broader market and connect to the members of the community. Alongside this, you will also be shown how you can complete transactions on the Ethereum network without spending too much on gas fees and learn about what progress the crypto revolution has brought. Ethereum Regulations and Taxes in the UK UK traders and investors are subject to capital gains tax (CGT) on their ETH profits when they sell, which need to be reported annually by self-assessment. In October 2021, the HMRC announced it will be sending nudge letters to crypto investors to remind them to report crypto sales on their yearly tax returns. The first £12,570 of income is not taxed, and the tax rate for income above that is 10% if you are employed in the basic rate income band (up to a £50,270 salary). HMRC Cryptoassets manual eToro – Best way to buy Ethereum in the UK Buying Ethereum online is practically easy, convenient, and cost-effective. However, you need to use a regulated trading platform like eToro. eToro also has a user-friendly platform that will show you how to buy Ethereum online easily. The eToro trading platform supports a wider range of payment options for funding and withdrawing your funds than other cryptocurrency exchanges. You can earn also earn crypto passive income in the form of staking rewards paid in ETH, for holding ETH on the exchange. If you’re looking for the best way to buy Ethereum in the UK – click on the link below. eToro - Our Recommended UK Ethereum Platform Our Rating Monthly Staking Rewards for Holding Ethereum (ETH) Free Secure ETH Wallet - Unlosable Private Key Regulated by FCA, ASIC and CySEC - Millions of Users Copytrade Profitable Ethereum Investors Buy with Debit card, Bank wire, Paypal, Skrill, Neteller, Sofort Buy Ethereum Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply. FAQs Should I Buy Ethereum? This is entirely left to you, but if anything is worth considering, the numbers speak for the Ethereum project. The Ethereum price has continued to grow and posted a massive growth of 470% in the last five months, and 1 ETH goes for $3,870. Many industry experts are predicting that the price of Ether will still go higher as the world migrates to the blockchain, given its varied use cases. Is it safe to buy Ethereum? Ethereum is a safe asset to buy. However, ensure your broker has adequate security measures to protect you against hacks. You can use any of our recommended brokers above to trade Ethereum. How much is Ethereum? One ethereum cost $2,270 according to current market prices on crypto market aggregator Coinmarketcap. However, the crypto market is extremely volatile. This means the prices change pretty quickly and might rise or fall at a moment's notice. How High Will Ethereum Go? Ethereum, just like every other cryptocurrency, is unpredictable and may experience different price actions. But with the growing dependence on blockchain technology and the strategic positioning of the Ethereum network, Ether is still going to rise much higher with time. How much Ethereum is there? There are 115,984,549 Ether are currently in circulation. How does Ethereum work? Ethereum uses distributed ledger technology or blockchain to verify and record transactions. These transactions are publicly available, and anyone can follow the trail of past transactions through this public ledger. One freshly minted Ether is created when miners solve complex mathematical equations, thereby leading to the addition of a block to the blockchain. These transactions are cryptographically encrypted, making them secure and difficult to tamper with. How to make money with Ethereum? You can make money by trading Ethereum. Like every asset, Etheruem is tradable against several other currencies. With enough research and practice, you should be able to make money. What are the benefits of buying Ethereum? Ethereum works as a payment method for several merchants. You can also trade it and use it as an investment. What are the best payment methods to buy Ethereum with? You can buy Ethereum using different payment methods. The best option will usually depend on the broker you choose. Watch out for fees and transaction speed when making a choice. What are the best platforms for buying Ethereum? We have some of the best platforms listed above. However, eToro is usually the go-to choice for many newbies. What are the taxes for trading Ethereum? The Internal Revenue Service has guidelines on crypto taxes, both for trading and transactions. You can check them to be sure of your standing or get advice from a review site. How can I buy Ethereum instantly? You can buy Ethereum instantly through any of the brokers we listed above. Select an appropriate payment method and your purchase will be confirmed in seconds. What is Ethereum Classic? Ethereum Classic is a fork of the Ethereum project, just like Bitcoin Cash, Bitcoin Satoshi Vision, and Litecoin were forked out of Bitcoin. The project came into play after a disagreement about whether the blockchain showing the hack of a DAO project should be rolled back. Since the larger Ethereum community agreed to the disagreement, a few members split and formed the Ethereum Classic. Its native token is ETC, and allegedly, this is the original Ethereum blockchain created in 2015.