Do you want to buy Ethereum but you don't know how to do it.
In this guide I will show you step by step how to How to buy Ethereum (ETH) but also how to store it in a crypto wallet.
In short, how to buy Ethereum:
- Choosing an exchange to buy Ethereum
- Analysis of where to buy Ethereum
- You are depositing money.
- You buy Ethereum
- Where will you keep Ethereum?
If you are in a hurry you can buy Ethereum directly from here.
Let's start with the basics.
Table of Contents
Τι είναι το Ethereum (ETH)
Ethereum is a platform based on blockchain technology that allows anyone to create smart contracts. applications or smart contracts that operate automatically without intermediaries.
Imagine it as one global, decentralized network computers that can run programs such as payments, games, or digital asset management (e.g., NFTs).
ETH is the cold currency of Ethereum, which is used to pay for “fees” for these applications to work or to exchange it like other cryptocurrencies.
The history of Ethereum
Ethereum was designed by Vitalik Buterin, a developer who set out to create a new platform for decentralized applications.
Buterin described these concepts in a white paper titled “Next generation smart contract and decentralized application platform».
Ethereum development began in early 2014 and was funded by an ICO that took place from July 2014 to August 2014.
During this period, Vitalik Buterin became one of the most public figures in the cryptocurrency sphere.
The differences of Ethereum vs Bitcoin
The difference between Ethereum and Bitcoin is the fact that Bitcoin is nothing more than a digital cryptocurrency or something like digital gold, while in the case of Ethereum we have a technology that businesses use to build new programs.
The average transaction time per block in Ethereum is 14 seconds while in bitcoin it exceeds 10 minutes.
Blockchain technology is the main difference between Ethereum and BitcoinThe Ethereum blockchain enables us to develop different, independent applications that run over its network.
How to Buy Ethereum
Buying Ethereum (ETH) is a very easy process, what you need to have is a good and reliable exchange.
In this presentation today that I will show you, I will make the purchase from Bybit exchange, however you can also buy it from the exchange OKX or Binance.
So once you click on the Bybit link, it will take you to the page to register on the Bybit exchange, you will write your email and password and click Get My Welcome Gifts and it will take you to the home page.
If you don't know how to register on the Bybit exchange, I have written a detailed step-by-step guide on how to do it.
Then you will have to make a deposit at the exchange and it will take you to the home page and you will click on Shop and after Trading Spots.
Then you will write to search ETH and it will get you out ETH / USDT and you'll click on it to get its diagram ETH.
Once you press it ETH / USDT it will take you to the ETH chart and on the right you will click the option Buy and after the class market and finally you will put the money you want to buy the cryptocurrency and press the button Buy ETH.
And that was it, the purchase would be complete.
How to savein Ethereum
After you have completed your purchase, the next step is to decide where to keep the coin that you have bought.
There are two options:
- You leave it to exchange office Where did you buy it from?
- You transfer it to a cold wallet encryption
Let's now analyze both of them.
Wallet at the Exchange: For example, after you have purchased at Bybit exchange The Ethereum coins you have purchased will automatically be in your wallet on the exchange.
Cold Wallet: On the other hand, if you have purchased a large amount of Ethereum and intend to hold it for several years, the best strategy is to purchase a cold wallet.
If you want to know the 5 best cold wallets you can read this article here.
Now in a nutshell a cold wallet is like a “safe"for your digital currencies."
Instead of keeping them in an online wallet (e.g., on an exchange or app), you store them on a device or medium that is not connected to the internet,
One of the most famous cold wallets to hold Ethereum is ledger.
How to do Futures trading on Ethereum
To make a profit from Ethereum, you can also use Future trading and you can do it in two ways:
- 🟢 Long Ethereum: You buy when you think the price will go up and you will make money when the market is Bull.
- 🔴 Short Ethereum: You will sell when you believe the price will fall and you will profit when the market is short.
If you're into video, you can check out this detailed guide I've created on how to do leveraged futures trading on Bybit.
However, to do Future trading on Ethereum you will need to find various strategies for Trading, and also see what kind of traders you are, such as:
- scalp
- Swing Trader
- day trader
If you want to know more information you can read this article about what is trading.
The goal for a trader is to position themselves in the market to continuously profit from the volatility of the Ethereum price, whether up or down.
The most popular Ethereum exchanges
Here are two platforms that I have tried, and in recent years they have worked without any problems.
You can also read other guides to buying Ethereum such as:
Ethereum price prediction
Ethereum (ETH) remains one of the most popular cryptocurrencies worldwide, and its price is a subject of intense interest for investors and analysts.
If Ethereum manages to recover the 2.200 USD and stabilize there, it could retest the USD 2.800 area, which was previous support before the drop.
This would require strong buying interest and positive news for the ecosystem (e.g., success of Ethereum upgrades or increase project adoption).
However, the long-term target is resistance levels are at the price 3.800 USD.
My Opinion
My opinion on Ethereum is very positive, as it is a cryptocurrency that has prove its value in the field.
Ethereum is not just a cryptocurrency, but an innovative technology that supports smart contracts and decentralized applications.
I believe it is worth investing in, especially if you are interested in the future of blockchain technology. However, as with any investment, risk tolerance is essential. I recommend investing only what you are willing to lose and do careful research before you take any decision.
Disclaimer:
What we mention on the website Bitsounisproject is for educational and entertainment purposes, does not constitute investment advice.
The above links to the services mentioned may be affiliate links.
