Buy Ether

Where To Buy Ether

Although Ethereum is still new, it stands out as having one of the leading cryptocurrency market caps. Not all exchanges provide direct purchases of ether. In many cases, the easiest way to ether is through purchasing Bitcoins and trading them for ether.

Having said that, there are still a few exchanges where you can be sure of buying ether without having to buy Bitcoin. But before delving into the exchanges, it is important that we define what ethereum and ether are. Most people use ethereum to denote the digital currency rather than ether and that is why it can get confusing.

What Is Ethereum?

The term ethereum refers to a form of cryptocurrency and blockchain platform that features smart contract functionality. Ethereum is basically a distributed platform for developers to create apps and was introduced in 2013 by Vitalik Buterin.

Buy Ether

Ethereum can be applied to secure, decentralize, codify and trade virtually everything. This includes voting, financial exchanges, domain names, company governance, crowdfunding, intellectual property, and agreements and contracts of most kinds.

And What Is Ether?

Ether denotes the digital currency of the ethereum platform, with ETH being its trading ticker name. Anyone wishing to buy or build upon the ethereum platform will require ether. Ether can be mined and traded online, just like Bitcoin.

How To Buy Ether

Following Are A Few Exchanges That Will Enable You To Buy Ether Without Bitcoin:

Kraken

Kraken Is A Cryptocurrency And Bitcoin Exchange That Is Based In Europe. The Exchange Offers Six Pairs Of Ether Trading: ETH/USD, ETH/GBP, ETH/XBT, ETH/CAD, ETH/EUR and ETH/JPY. Since Kraken provides a vast array of payment methods (i.e., USD bank wire, Interac Online, GBP SEPA, and SEPA), it is the easiest option for people to directly buy ether.

In 2016, Kraken initiated ether ‘dark pool’ trading, a feature that provides clients an opportunity to transact anonymously. What’s more, the exchange has stated some other moves that favor ether owners. The increase of leverage for ETH/BTC up to 4 times, has increased trade margins immensely.

This implies that a transaction undertaken with borrowed money simply requires a collateral equivalent to 25% of the total amount of the transaction. The move increases the likelihood of risky transitions but enhances the currency’s liquidity.

Coinbase

Coinbase is one of the largest ether and Bitcoin exchanges. Bitcoin and ether users from the United States, Singapore, Canada, and most of Europe can buy them with SEPA transfer or through a connected bank. European users can buy with 3D secure debit or credit cards.

Coinbase

Coinbase Offers Three Unique Features: A wallet for online storage of Bitcoin/ether, a merchant platform that supports Bitcoin/ether as a means of payment and a service for buying and selling of ether. The exchange company is based in San Francisco.

Gemini

You can also buy ether from Gemini, which has a trading volume of 0.07% and supports two pairs of ether trading: ETH/USD and ETH/BTC. Launched in October 2015, the exchange was given the mandated by the New York State Department of Financial Services to operate in Washington DC and in 31 US States.

Geminie

In February 2016, Gemini presented multi-user accounts suitable for families and working groups. In May 2016, the exchange became the first accredited ether exchange internationally. The trading of ether commenced on 9th of May.

CEX.IO

This exchange is among the oldest Bitcoin platforms where you can buy and sell ether using your credit card. It dates back in 2013, where it started as a cloud mining provider and a Bitcoin exchange. The exchange is registered with Anti Money Laundering (AML) and Know Your Customer (KYC) policies. This implies that you will be required to authenticate your identity before being allowed to buy ether via the exchange.

CEX.IO

The platform allows you to buy ether using a wire transfer, credit card and if you live in the EU, a SEPA transfer. The exchange rate is inclusive of the CEX.IO fees, which explains why the platform seems quite slightly higher than its counterparts. For instance, 1 ETH exchanges for $19.62 on Coinbase, while the same goes for $21.08 on CEX.IO. Nevertheless, unlike Coinbase, CEX.IO works with other countries across the globe.

​The exchange rate is inclusive of the CEX.IO fees, which explains why the platform seems quite slightly higher than its counterparts. For instance, 1 ETH exchanges for $19.62 on Coinbase, while the same goes for $21.08 on CEX.IO. Nevertheless, unlike Coinbase, CEX.IO works with other countries across the globe.

Coinimal

Coinimal allows you to buy ether in Europe using your debit card, credit card, Skrill, NETELLER, SEPA or OBT.

Trading Bitcoins For Ether

If using the above exchanges is not an option, the other easiest way to access ether is by exchanging Bitcoins for ether. Numerous Bitcoin exchanges are offering this trading pair:

Kraken

ETH/XBT is among the six ether trading pairs.

Poloniex

You can also obtain Bitcoin from Poloniex, an Altcoin exchange having the highest ETC/BTC trading volume (51.54%). The platform supports ethereum classic and also has six trading pairs. The pairs are ETC/ETH, STEEM/ETH, ETC/BTC, ETH/USDT, DAO/ETH, and ETH/BTC.

Poloniex

Poloniex maintains the largest market share. The total number of digital and fiat currencies traded by this platform is in excess of 100. Poloniex began trading Ethereum Classic, an alternative token of ethereum since July 2016.

Bitfinex

Bitfinex

Bitfinex began trading the ETH/BTC and ETH/USD pairs in March 2016 due to client’s request and the increased volume of ETH trading on the platform. The platform is also considering adding ETH/EUR pair to its options. Currently, Bitfinex also supports the trading of Ethereum classic. The other trading pairs offered on this platform include ETH/BTC, ETC/USD, ETH/USD, and ETC/BTC. Bitfinex has an ethereum trading volume of 11.18%

Conclusion

In all the exchanges as mentioned above, the purchase process is quite simple. All you have to do is sign up for your preferred platform, add your method of payment, and you are a click away from getting your ether. Note that not all exchanges may operate in your country or state.

Also, there is still no straightforward and easy way of buying ether directly using a credit card. You have to use an exchange, such as CoinCorner (Europe and UK) or Circle (USA) to buy Bitcoins and trade for ether.

Leave a Comment: