How to Buy Ethereum

Ethereum (ETH) cryptocurrency ranks at 2 place by capitalization. It’s 12 June 2024 on $419,998,675,321 year. Circulating supply: 120,155,705. Maximum supply – N/A. The price of ETH for today – $3,498.91 with trading volume of $19,202,572,177 for 24 hours. The maximum price of Ethereum was registered on 10 November 2021 year and was – $4,878.26. The lowest price of ETH, $0.43298, was registered on 20 October 2015.
Ethereum (ETH)
$3,498.91 -4.86% ↓
24h price change
-169.83 $
24h trading volume
on the official website

How to Buy Ethereum Price in USD: Convert to US Dollar

Lido Staked EtherSTETHLido Staked Ether
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on the official website
Data updated 6/11/2024

    Ethereum (ETH) is on the second place in terms of capitalization in the cryptocurrency market: only Bitcoin surpasses it in this indicator. One of the most popular blockchain platforms and its native coin have become widespread not only thanks to innovative solutions in organizing their own distributed network, but also due to the personality of its founder – Vitalik Buterin, a well-known crypto enthusiast and philanthropist.

    In the article, we will see into what is the most profitable way to buy ETH in 2024 using the main method as an example – on a crypto exchange.

    What is Ethereum

    How to buy Ethereum
    Vitalik Buterin

    Ethereum or ETH is the name which is used in the crypto industry for the native coin of the Ethereum network. In the Ethereum ecosystem, ETH powers decentralized applications and used as a means of paying fees.

    The founder of the Ethereum blockchain is Vitalik Buterin. The Ethereum network was first launched in the summer of 2015. To this day, the project is being developed by the Ethereum Foundation, a non-profit project registered in Switzerland.

    The main innovations at the time of the launch of the Ethereum blockchain were: smart contracts, a distributed computing virtual machine (EVM) and the ability to create your own ERC-20 tokens. A few years later, many blockchain platforms began to use the principles of the Ethereum ecosystem to organize their own work.

    Where is the best place to buy Ethereum

    Ethereum is a widespread cryptocurrency, and there are a large number of services where you can buy it:

    • Cryptocurrency exchanges;
    • Cryptobots;
    • Banks and financial institutions (like Revolut);
    • Payment services.

    Cryptocurrency exchange is one of the most reliable and profitable ways to buy ETH. Exchanges differ from other platforms by increased security, high liquidity of assets and wide payment options for the purchase of cryptocurrency (bank transfers, Visa/MasterCard cards, third-party payment systems, p2p services, etc.)

    Centralized cryptocurrency exchanges - convenient and reliable way to buy crypto
    Centralized cryptocurrency exchanges are a convenient and reliable way to buy crypto

    Instructions for buying Ethereum

    To buy ETH, you will need to follow a few steps. Step by step instructions for buying a coin looks like this:

    1. Tolerable risk assessment;
    2. Exchange selection;
    3. Create an account;
    4. Balance replenishment;
    5. Buying ETH.

    Determine your level of risk

    Before buying, you need to decide on the level of acceptable risk. The main rule of investor, no matter what assets he works with, is to invest only as much money that is acceptable to lose. Because of the increased risks of investing in cryptocurrencies that are associated with the high volatility of the crypto market, this rule becomes even more important.

    Choose a crypto exchange

    There are no fundamental differences between centralized cryptocurrency exchanges. However, it is necessary to study different services, because the working conditions for them will be different.

    Particular attention should be paid to the following parameters: available deposit methods, trading conditions, commissions for deposit and withdrawal, trading commissions, account protection level reviews of real users, etc.

    The list of the most popular exchanges for buying ETH is presented in the table.

    BTC trading volume, 24h
    BTC trading volume, 24h
    BTC trading volume, 24h
    BTC trading volume, 24h
    BTC trading volume, 24h
    BTC trading volume, 24h

    Register an account

    To trade on the exchange, you need to register a new account on it. For example, let’s open an account on a crypto exchange OKX. Registration on OKX takes several steps:

    1. Click on the Sign Up button in the top right exchange official website;
    2. Enter your e-mail or phone number → create a password → add a referral code (if have one) and click on the Sign Up button;
      OKX registration form
      OKX registration form
    3. In the next window enter the 6-digit code that will be sent to your email or phone;
      Enter code window
      Entering code
    4. Await for confirmation of account creation.
      Account creation success message
      Successful account creation message
    More detailed instructions for registering an account on OKX are described in in the exchange overview.

    Top up your account

    Marketplaces may differ in available deposit methods. Some of them may support fiat currency top-ups, others only work with cryptocurrencies as a top-up. OKX refers to the latter. To deposit your account on the OKX exchange:

    1. Select Assets → Deposit in the top menu of the exchange → select the deposit currency (for example, USDT ) and blockchain;
      Select coin and network
      Coin and network selection
    2. Select your account type (trade or general). After that, the exchange generates an address (also available as a QR-code);
      Address for transferring coins
      Address for transferring coins
    3. Select the coin to transfer in your crypto wallet (USDT in our case) and enter the address received on the exchange page (you can simply scan the QR code);
    4. Confirm transaction;
    5. Check the receipt of funds.

    Buy Ethereum (ETH)

    After funding your account, you can use the exchange’s terminal to buy Ethereum (ETH). For this:

    1. In the top horizontal menu click Trade → Basic Trade;
    2. Select a cryptocurrency pair, for example, ETH/USDT;
      Enter terminal to buy ETH
      Window of terminal
    3. Set the order type to buy, for example, Market (ETH will be bought at the current market price);
    4. Enter the number of coins to buy;
    5. Click Buy ETH.
      Buying ETH on the spot market
      Buying ETH on the spot market

    How to sell Ethereum

    To sell ETH on the exchange, you need to repeat the same steps as when buying a coin, but fill in the order fields above the red Sell ETH button:

    Create sell order
    Creating a sell order

    Where to store ETH

    ETH can be stored in any wallet that supports the Ethereum network. You also need to decide how often the cryptocurrency will be used. Users who actively use crypto or trade on an exchange will benefit from hot wallets. They are implemented in the form of applications for a smartphone or computer. Trusted hot wallets include, for example, Trust Wallet.

    Trust Wallet Home
    Trust Wallet homepage
    You can choose any vault from rated verified crypto wallets on our website.

    Among the disadvantages of hot wallets, is susceptibility to hacking. Therefore, when using this type of storage, you need to remember the basic security measures: two-factor authentication and a strong password.

    If you are not going to use cryptocurrency in the near future and or for investing for the long term, then it is recommended to use hardware cold wallets like Ledger.

    Ledger Cryptocurrency Wallet
    Ledger cryptocurrency wallet

    Hardware cold wallets are safe and secure because they are not permanently connected to the network. The main disadvantage of such devices is their price.

    How to withdraw Ethereum to the wallet?

    To withdraw Ethereum to your wallet, you need to create a withdrawal request. For this:

    1. Click Assets → Withdrawal in the user account;
    2. Select ETH → select network → Continue;
      First Step Withdraw ETH
      First step of withdrawing ETH
    3. Specify wallet address for withdrawing coins. The exchange will automatically calculate the commission;
    4. Click Continue;
      Second Step Withdraw ETH
      Second step of withdrawing ETH
    5. Enter password to access money and code from SMS, press Confirm;
    6. ETH withdrawal completed.


    How to buy Ethereum?
    The most profitable and reliable way to buy ETH is cryptocurrency exchange. To make a purchase, you must:

    • Select exchange → create account;
    • Top up balance;
    • Go to the terminal and select a currency pair, for example, ETH/USDT;
    • Set buy order type;
    • Specify the number of coins to buy and click Buy ETH.

    How many Ethereum coins are left?
    Today there are no limits on the supply of ETH coins. However, the situation may change after the transition of the blockchain to consensus PoS (Proof-of-Stake).
    When is the best time to buy Ethereum?
    Determine the best time to buy any coin using technical and fundamental analysis. However, the study of these disciplines requires time and effort. We recommend that you make a decision to buy ETH based on opinions of reputable experts and successful traders.
    Is it worth investing in Ethereum?
    In order to make such a decision, it is necessary to study the prospects of the coin. For example, one of the most important events in the near future will be Ethereum's transition to a new type of consensus - PoS (Proof-of-Stake).

    However, remember that the consequences of any investment decisions are the responsibility of the investor.

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    Agatha Redich
    Agatha Redich
    Articles author, editor
    Articles author and website editor. Works with texts for over 12 years. Among Agatha’s clients: Rossman, Zara, Bosch, ING Bank, Lexus and others. Crypto journalist since 2018. She wrote more than a hundred articles about cryptocurrencies and the crypto market. Agatha's professional credo is to reveal complex topics in an accessible and simple way.
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    Emil Rabin
    Emil Rabin
    Site expert
    Cryptocurrency expert and financial analyst. Emil has working experience in Bain and KPMG, collaborated with PayPal and Revolut, organized more than 30 educational events about blockchain and cryptocurrencies in Eastern Europe. An expert of the portal since 2022.
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