How to Buy Ethereum (ETH) in the UK With a Card
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Abbreviation:
ETH
Blockchain support:
Coinbase, Binance, Crypto.com
Features:
Smart contracts, Ethereum Virtual Machine, Decentralized applications (Dapps)
Creator:
Vitalik "Vitaly" Buterin
Website:
ethereum.org
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 2022.
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 2022.
This guide will help you learn how to buy Ethereum in the UK in 2022 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.
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:
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:
CoinJar
Payment methods:
Supported deposit currencies: GBP, AUD
Fees:
Limits:
Pros | Cons |
|---|---|
How to buy ETH on this exchange:
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:
Pros | Cons |
|---|---|
How to buy ETH on this exchange:
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:
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:
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:
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:
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:
Libertex
Payment methods:
Supported deposit currencies: EUR
Fees:
Pros | Cons |
|---|---|
How to buy ETH on this exchange:
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.
