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How To Buy Ethereum?

How To Buy Ethereum?

Cryptocurrencies have now been in high trend today, and there are several of them available in the market. Bitcoins are one of the most popularly known cryptos, but Ethereum (ETH) is not far behind. If you are interested in buying ETH but don’t know how, here are some ways to buy it and reap its benefits.

Buying ETH on a cryptocurrency exchange

The easiest way to buy Ethereum is through a cryptocurrency exchange. Buying Ethereum on a cryptocurrency exchange can be done with several different methods, which are mentioned below:

Find an exchange

Before you buy Ethereum, you must select an online cryptocurrency exchange that accepts customers from your country. Once you have made your selection, you will need to register with your chosen exchange. You can do this by visiting Finder’s Cryptocurrency Exchange page and comparing all exchanges. Compare the fees, coins offered, and services provided by the exchange. Also, check the location of the exchange you choose. Using an exchange in a different country will give you a better chance of finding a reliable exchange.

cryptocurrency exchange

Make a deposit

After signing up for an account on the exchange, you will need to deposit funds. This process is usually straightforward. You will be required to supply an ID photo and link your payment method. Typically, you can use a credit card or a bank account. Then, you can choose a wallet to store your Ethereum. The exchange will then execute your order for you. If the exchange accepts credit cards, you can use them to purchase Ethereum.

Fund your account

First, you will need to fund your account using fiat currency. Some exchanges offer this service for a fee. Other exchanges accept credit cards as payment. However, you will need to pay attention to fees as these can vary significantly from one platform to another. After funding your account, you will need to link your credit card or bank account to make the transaction.

Store your ETH in a wallet

The next step is to store your newly purchased Ethereum in a wallet that you control. The exchange you use should be reputable, as hackers will likely steal your funds. Using a digital wallet is highly recommended, as it provides extra security. You can find several different types of digital wallets online. Some exchanges even offer free prepaid debit cards, while others charge a small fee to use them. Then, transfer your ETH from your exchange account to your wallet.

Buying ETH through a managed fund

The other way to buy Ethereum is through a managed fund. Buying Ethereum through a managed fund may seem like an excellent way to get exposure to cryptocurrency. While Ethereum has enjoyed impressive returns over the past few years, it has also experienced significant crashes. This includes the plunge from nearly $4,000 to less than $1,800 in June 2021. Therefore, before investing in Ether, you should consider your risk tolerance and whether you are comfortable diversifying your portfolio with other types of assets.

Bitwise Ethereum Fund

An excellent example of a managed fund is the Bitwise Ethereum Fund, which allows accredited investors to invest in several different types of cryptocurrencies. This fund enables accredited investors to invest in the cryptocurrency at the cost of US$25,000 and holds Ethereum offline in cold crypto storage.

The fund’s management team aims to minimize transaction costs and charges by holding the coins in cold storage. Because of this, investors can expect a low annual management fee.

Ethereum Fund

Enter and invest a specific amount

To buy Ethereum, an investor will enter the ticker symbol ETH and the amount they wish to invest. If they don’t want to purchase the entire Ethereum network, they can buy fractional shares to get a smaller amount in the long run. For example, if an investor puts $100 in a managed fund, he will receive 5% of the Ether coin, similar to buying fractional shares of stocks.

Secure your assets

While investing in cryptocurrency can be a great way to diversify your portfolio and earn a profit while earning a steady stream of income, buying Ethereum through a managed fund may be a better choice. The managed funds will keep your assets secure while offering the best possible return. Furthermore, you can choose the funds backed by a fixed amount of Ether tokens. These funds are significant for investors looking to get started in this emerging field.

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