How to Buy Ethereum (ETH) in the UK
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Cryptocurrency investors all over the world have been searching for a good opportunity to invest in a promising digital asset that is not Bitcoin. Ethereum (ETC), which has been present on the market since 2015, is becoming the ultimate favorite of 2021.
Ethereum is the second-largest cryptocurrency on the market after Bitcoin. Learn the best way to buy ETH in the UK and how to find an optimal exchange. A unique feature of Ethereum that makes it stand out among the other crypto coins is its blockchain, which can be used by the developers to create and run applications and for the ERC-20 tokens. Due to its broad applicability and great forecasts, the price of ETH has been steadily growing each year, making it one of the most attractive investments of 2021.
This guide will help you learn how to buy Ethereum in the UK in 2021 and identify the best exchanges to make the purchase.
What Is Ethereum, and Why Should You Buy It?
Ethereum is open-source and decentralised blockchain technology. Ethereum’s coin is called Ether. It is the second most popular crypto investment after Bitcoin, and it is also the second-largest cryptocurrency by market cap.
The major difference between ETH and BTC is that ETH is an open-source blockchain and an operating and computing platform at the same time. It can be used to create and run applications and conduct decentralized financial operations.
The profits from Ethereum have been the primary reason for not delaying the purchase. In April 2020, the price of ETC was on average 140 dollars or 100 pounds. The same time next year, it was already 2,100 dollars or 1,509 pounds. After a dropdown of the recent months, a speedy rise is expected shortly.
How to Buy Ethereum in the UK: Step-by-Step Guide
Beginner traders may wonder how to buy Ethereum and begin with crypto investments. Follow these easy steps, and you will be able to buy ETH in no time.
- 1Choose an exchange platform that you trust and that offers ETH.
- 2Sign up.
- 3Activate your account and verify your identity.
- 4Make a deposit using your preferred currency and payment method
- 5Confirm the ETH exchange rate in the UK, select your pair GBP/ETH, and press “to buy”.
- 6Indicate the number of ETH that you are interested in buying.
- 7Confirm the details and review your purchase.
Where to Buy ETH in the UK – The Best Exchanges
There are many exchanges today that offer their services to crypto traders looking to buy ETH. In order to help you choose the most optimal exchange, we have prepared a comprehensive list of the popular exchanges available in the UK.
Binance
Payment methods:
Supported deposit currencies: GBP, USD, AUD, CAD, EUR, CNY, RUB, TRY, NGN, UAH
Fees:
Withdrawal fee:
For the ETH/BTC, pair the minimum trade amount is 0.001 ETH, and the maximum market order amount is 2480.49850243.
Pros | Cons |
|---|---|
How to buy ETH on this exchange:
- 1Register and activate an account on Binance.
- 2Go to “Funds” and make a deposit.
- 3Select ETH from the list of available coins and indicate how much you’d like to buy. Press “Continue” and confirm your purchase.
Coinmama
Payment methods:
Supported deposit currencies: GBP, USD, EUR, AUD, CAD, GBP, JPY
You can expect a 5% fee for card deposits and, on top of that, a commission of 3.90%.
Limits for Level 1 users:
For Level 2 users:
For Level 3 users:
Pros | Cons |
|---|---|
Here is how to buy Ethereum in the UK through this exchange:
- 1Register at Coinmama and verify your account.
- 2Make the Ethereum order by deposing a fiat currency using a credit/debit card. Indicate the number of ETH coins that you’d like to buy.
- 3Type the details of your crypto wallet. Press “Go to Payment” and confirm.
CoinJar
Payment methods:
Supported deposit currencies: GBP, AUD
Fees:
Limits:
Pros | Cons |
|---|---|
How to buy ETH on this exchange:
- 1Create an account.
- 2Send the funds into your CoinJar account.
- 3Choose ETH as your to-buy coin and indicate the number. Press “Buy ETH”.
Wirex
Payment methods:
Supported deposit currencies: GBP, EUR, USD, CAD, CZK, HUF, PLN, RON, HRK
External debit/credit card deposit fees for the UK:
Transaction fees:
Limits:
- 1Fiat exchange: unlimited
- 2Crypto transfers: per transaction: £2k; per day: £5k
- 3Credit/debit deposits that are unconfirmed: £35
- 4Credit/debit deposits that are confirmed: over £1,700
Pros | Cons |
|---|---|
How to buy ETH on this exchange:
- 1Sign up and prove your identity.
- 2Order your Wirex card and use it to make a deposit in GBP or crypto of your choice.
- 3Choose ETH in the “crypto” section, choose the amount and go “Confirm”.
Crypto.com
Payment methods:
Supported deposit currencies: only GBP or EUR
Trading fees vary depending on your level:
Withdrawal fees for ETH:
Buy/sell limits per transaction: 200 for ETH
Pros | Cons |
|---|---|
Here is what you should do to buy Ethereum in the UK on this platform:
- 1Register your account. Prove your identity by uploading a copy of your passport or ID.
- 2Make your first deposit.
- 3Use the currency converter to buy ETH and indicate how much you want to buy. Select “Buy ETH”.
CEX.IO
Payment methods:
Supported deposit currencies: USD, EUR, GBP, RUB
Trade volume is a factor that determines the fees. They range from 0,25% Taker and 0.16% Maker fees for the lowest trade volume, and 0.10% Taker and 0.00% Maker fee for the highest trade volume.
Deposit fees:
Withdrawal fees:
There are 4 levels at CEX.IO with corresponding limits:
Minimum deposit for ETH: 0.001
Storage fee: 0,06 ETH per day
Pros | Cons |
|---|---|
How to buy ETH on this exchange:
- 1Create an account on CEX.IO and go through the verification process. To do so, attach a copy of your ID or passport.
- 2Make a deposit to your account with your preferred payment method.
- 3Go to the Buy/Sell page, select ETH in the cryptocurrency list, and choose the number or the amount of ETH. Press “Buy”.
LiteBit
Payment methods:
Supported deposit currencies: only EUR
For ETH and other coins, the fees are between 2-5%.
The limit is around 25,128 GBP per day.
Pros | Cons |
|---|---|
How to buy ETH on this exchange:
- 1Register a LiteBit account and verify your account by proving your identity.
- 2Go to the “Buy crypto” section and select ETH.
- 3Indicate the amount, choose a convenient way to pay, and confirm your order.
BC Bitcoin
Payment methods:
Supported deposit currencies: GBP, EUR, USD
Bank transfer fees:
Daily limit to buy or sell: 25 ETH.
Pros | Cons |
|---|---|
How to buy ETH on this exchange:
- 1Create a BC Bitcoin account and confirm your identity.
- 2Select ETH from the list of crypto options and choose your payment method. Also, make a payment in GBP.
- 3Indicate the number of coins and your crypto wallet info and all other relevant information, and press “Buy”.
eToro
Payment methods:
Supported deposit currencies: USD
Fees:
Crypto transfer fee for ETH: 0.26 ETH and 0.006 unit fee
No transfer fees within eToro wallets.
Limits:
Pros | Cons |
|---|---|
How to buy ETH on eToro:
- 1Sign-up for eToro. Verify your account.
- 2Make a deposit in GBP that will be converted to EUR.
- 3Indicate how many ETH you are looking to buy and confirm.
Libertex
Payment methods:
Supported deposit currencies: EUR
Fees:
Pros | Cons |
|---|---|
How to buy ETH on this exchange:
- 1Create a Libertex account. Confirm your identity by providing an ID, passport, or another supportive document.
- 2Make a fiat deposit by choosing your payment method.
- 3Select ETH from the crypto list on the website. Indicate how much of ETH you’re buying and press “Buy”.
Where to Store Ethereum?
The best wallets to store Ethereum are Trezor Model T, Ethereum wallet, and Ledger Nano.
Trezor Model T
Trezor Model T is the premium offline crypto wallet that offers top security settings against third-party invasions, quick in-wallet exchanges, and the opportunity to perform a regular backup of your ETH assets.
Ethereum Wallet
Ethereum Wallet is a wallet from the ETH crypto developers that allows sellers and buyers to manage their funds and their ETH account analytics in one place. The wallet gives access to your balances, transactions, exchanges, and more.
Ledger Nano
This mobile-friendly wallet has fair reviews on the internet due to its super easy connectivity to your mobile phone via Bluetooth or an app. It also has an offline password request and a relatively long-lasting battery.
Cryptocurrency Regulations in the UK
An exchange is legal in the UK if it follows the following regulations:
Final Thoughts
According to the latest predictions, the price for Ether can reach new heights in the nearest future. The year 2021 is, therefore, the best year to purchase ETH at a good price before the next peak in price has occurred.
FAQ
What Is the Best Exchange to Buy ETH?
The best exchanges to buy ETH in the UK are Wirex, Crypto,com, Libertex, and BC Bitcoin.
Where Can I Buy Ethereum?
Ethereum is a popular crypto coin that is being sold on most of the exchanges at the market. You can purchase it at Wirex, CoinJar, Crypto.com, Binance, and Libertex.
Is Ethereum a Good Investment 2021?
The price of Ethereum has grown more than 5 times from April 2020 to April 2021, and it is still expecting to increase. 2021 is a good year to buy ETH before the price has reached another peak.
Can Ethereum Make You Rich?
The price of Ethereum has grown more than 5x from 2020 to 20201. The experts predict a similar growth within the next couple of years, making it one of the most profitable crypto investments of the decade.
Can Ethereum Reach $10,000?
The leading brokers, including Moonrock Capital and Blocktown Capital, predict that the ETH will reach 9,000 USD in the nearest future, following a 10,000 USD mark shortly afterward.
