And like most crypto exchanges, Crypto.com doesn’t charge a deposit processing fee. EToro will also provide its platform users with access to Ethereum wallets. How to Invest in Ethereum First, you have the option of using the exchange-provided custodial wallet – which stores as much as 90% of the client’s digital assets in offline vaults.

Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP)

You can also generally complete wire transfers, use a debit card, or deposit money via net banking. The upside to buying ETH with cards is that cash transfers are instantaneous and most crypto trading platforms won’t charge you a deposit processing fee. They also maintain a relatively high deposit maximum – up to $40,000 on eToro. PayPal, however, does not allow for transfers of any cryptocurrency.

The History of Ethereum

The downsides, on the other hand, include the fact that exchanges maintain relatively higher minimum initial deposits. Additionally, you will have to wait between 3 and 8 business days before the bank deposits reflect in the crypto trading account. To help you arrive at the decision of whether to invest in Ethereum or not, we bring to your attention the benefits and risks of buying ETH right now. Weight them carefully and only invest in the smart contract platform if you are confident the pros far outweigh the cons. The exchange also boasts of maintaining some of the fastest order execution speeds.

Reasons to Invest in Ethereum Today

• But, it is also possible to invest in Ethereum via a cryptocurrency ATM.
• Before making financial investment decisions, do consult your financial advisor.
• Of this figure, there are thousands of cryptocurrency ATMs that support Ethereum investments.
• If privacy is highly important to you, then this is one of the few options remaining to purchase ETH anonymously.

If you do decide to buy, be sure you’re only investing money you can comfortably afford to lose. It’s also wise to double-check that the rest of your portfolio is well diversified to limit as much risk as possible. Whether you choose to invest will depend largely on your investment goals and tolerance for risk. If you’re considering investing in Ethereum, it’s wise to focus on its long-term potential. Ethereum’s current price surge is promising, but short-term performance isn’t as meaningful as an investment’s long-term growth. If this update goes well, Ethereum’s price could potentially skyrocket — making right now a smart time to buy.

They are listed on exchanges and can be traded during market hours, thus operating like stocks. Blueprint is an independent publisher and comparison service, not an investment advisor. The information provided is for educational purposes only and we encourage you to seek personalized advice from qualified professionals regarding specific financial decisions. Before buying a volatile investment like Ether, you’ll want to ensure you’ve researched and your finances are in good shape. Ideally, you should have a large emergency fund, max out your retirement accounts and have minimal debt. Even if you can check all those boxes, it’s important to diversify your portfolio, so only a portion of your investments should be in Ethereum and other cryptocurrencies.

Top 3 Ethereum ETFs for 2024: Investing in Ethereum ETFs

The popularity and trading volumes of cryptocurrencies started to snowball in 2017. The crypto ultimately peaked at around $1,300 less than two weeks later. Ethereum’s market cap of $414.65 billion is similar to some major blue-chip stocks, such as UnitedHealthcare Group (UNH) at $464.21 billion and Mastercard (MA) at $405.70 billion. The highest intraday price that ethereum reached in the past year was $4,088.00 on March 12, 2024. Ethereum could end up being a smart investment, but it’s not right for everyone. Be sure to weigh the pros and cons as well as consider your own tolerance for risk.

Some cryptocurrency users believe that self-custody is a fundamental cornerstone of owning and using cryptocurrencies, but for everyday investors, this may not be the case and is totally up to you. Anyone buying ethereum directly must store their ETH in a cryptocurrency wallet. CME Group’s announcement that it would launch bitcoin futures contracts drove ethereum’s 2017 rally.

Where Can You Buy Ethereum?

The decentralized network of computers verifies the transactions and ensures the integrity of the data. Whatever the exchange, you’re now positioned to start trading or buying Ethereum. And once the trades have settled, remember to withdraw the assets into the aforementioned digital wallet for safekeeping. Cryptocurrency may be the new kid on the block in terms of investing, but some cryptos are rapidly gaining value. And while Bitcoin may get the lion’s share of attention among cryptocurrencies, other alternative assets, like Ethereum (ETH), are hot on its heels. For aspiring crypto investors, one of the first questions that comes to mind is how to buy Ethereum.

Rather than running software on cloud servers housed in massive data centers owned by Google, ethereum users can run applications by leveraging ethereum’s large network of small, private computers. The inflows would also be bullish for the wider market, history suggests. The fresh capital flowing into Bitcoin via the ETFs have boosted the crypto market cap by 46% in 2024, according to K33. Lunde anticipates the products “could further expand the broad market strength” as they enable sidelined capital to enter the market.