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.

Table of Contents

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.

Choose an exchange platform that you trust and that offers ETH.
Sign up.
Activate your account and verify your identity.
Make a deposit using your preferred currency and payment method
Confirm the ETH exchange rate in the UK, select your pair GBP/ETH, and press “to buy”.
Indicate the number of ETH that you are interested in buying.
Confirm 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:

Visa
Mastercard
Cryptocurrencies
Osko
PayID

Supported deposit currencies: GBP, USD, AUD, CAD, EUR, CNY, RUB, TRY, NGN, UAH

Fees:

Depending on your level in the loyalty system, trading fees vary
Maker fee ranges between 0.1000%-0.0200%
Taker fee rages between 0.1000%-0.0400%
Margin Borrow Interest rate for ETC varies from 0.050000% for users at the level 0 in the loyalty program to 0.040000% for users at the level 9
Deposit fee: no fee

Withdrawal fee:

BEP2: 0.0077
BEP20: 0.0077
XRP: 0.01

For the ETH/BTC, pair the minimum trade amount is 0.001 ETH, and the maximum market order amount is 2480.49850243.

Pros	Cons
Attractive fees and liquidity Great customer service, user and speculator reviews Easy account verification process Low minimum to withdraw	Unregulated Low daily limits when it comes to withdrawals

How to buy ETH on this exchange:

Go to “Funds” and make a deposit.

Select 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:

Visa
Mastercard
Western Union transfers
SEPA

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:

Bankcard limit: £5,000/5 orders
Wire transfer limit: £15,000/10 orders

For Level 2 users:

Bankcard limit: 5 orders/£5,000
Wire transfer limit: 10 orders/£35,000

For Level 3 users:

Bankcard limit: 5 orders/£7,500
Wire transfer limit: 10 orders/£50,000

Pros	Cons
Quick purchases Multi-currency platform Good anonymity features	High fees on card deposits High commission fee of up to 3.90% Few options for making a deposit

Here is how to buy Ethereum in the UK through this exchange:

Make 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.

Type the details of your crypto wallet. Press “Go to Payment” and confirm.

CoinJar

Payment methods:

Bank transfer
Cryptocurrencies
Faster Payments (FPS)
PayID
BPAY
Blueshyft

Supported deposit currencies: GBP, AUD

Fees:

BPAY: no fees. However, the deposits under 10 GBP will be charged with a 1.5 GBP processing fee
NPP deposit: No fees
Blueshyft: 1.5% fee
Debit deposit: no fee
Withdrawal fees: cash account to bank account for no fee, digital currency to BPAY Biller for 0.5%
Transaction fee: 0

Limits:

Maximum daily transactions: 25
Maximum daily ATM uses: 10

Pros	Cons
Free withdrawals from cash account to bank account Good deals on deposits No conversion fees for CoinJar Swipe users	Transaction fee for sending ETH Too focused on the Australian traders

How to buy ETH on this exchange:

Create an account.

Send the funds into your CoinJar account.

Choose ETH as your to-buy coin and indicate the number. Press “Buy ETH”.

Wirex

Payment methods:

Credit or debit card
Crypto transfers from external wallets
Stellar memo

Supported deposit currencies: GBP, EUR, USD, CAD, CZK, HUF, PLN, RON, HRK

External debit/credit card deposit fees for the UK:

Crypto account: 1%
Fiat currency: no fee

Transaction fees:

Fiat exchange: interbank rates plus commission
Internal transfers: free
External transfers: blockchain fees
Crypto exchange services: OTC rates+ commission
No options for CFD trades

Limits:

Fiat exchange: unlimited
Crypto transfers: per transaction: £2k; per day: £5k
Credit/debit deposits that are unconfirmed: £35
Credit/debit deposits that are confirmed: over £1,700

Pros	Cons
Many accepted currencies Send cryptocurrency to/from Wirex and non-Wirex wallets Good conditions for credit/debit card deposits, especially for ETH and Monero Easy to use app	High transaction fees A commission for crypto exchanges The need to order a Wirex card

How to buy ETH on this exchange:

Order your Wirex card and use it to make a deposit in GBP or crypto of your choice.

Choose ETH in the “crypto” section, choose the amount and go “Confirm”.

Crypto.com

Payment methods:

Debit card
Credit card
UK bank transfers via Faster Payments Service

Supported deposit currencies: only GBP or EUR

Trading fees vary depending on your level:

Level 1, Maker fee 0.10% and Taker fee 0.16%
Level 2, Maker fee 0.09% and Taker fee 0.15%
Level 3, Maker fee 0.08% and Taker fee 0.14%
Level 4, Maker fee 0.07% and Taker fee 0.13%
Level 5, Maker fee 0.06% and Taker fee 0.12%
Level 6, Maker fee 0.04% and Taker fee 0.10%

Withdrawal fees for ETH:

Minimum withdrawal: 0.02
Withdrawal fee: 0.01

Buy/sell limits per transaction: 200 for ETH

Pros	Cons
Increased limits to buy or sell ETH Opportunity to get some good discounts on general fees Low minimum withdrawals	Withdrawal fees High fees for beginners

Here is what you should do to buy Ethereum in the UK on this platform:

Make your first deposit.

Use the currency converter to buy ETH and indicate how much you want to buy. Select “Buy ETH”.

CEX.IO

Payment methods:

Bank transfers
Credit card: Visa, Mastercard
SEPA
Faster Payments Service
Skrill

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:

Visa: 2.99%
Mastercard: 2.99%
Skrill: 3.99%
Bank transfer: 0%
Faster Payments: 0%

Withdrawal fees:

Visa: 3%+ 2.10 GBP. Commission up to 2.90 GBP
Mastercard: 1.8% + 2.10 GBP. Commission up to 1.2%+ 2.90 GBP
Skrill: 1%
Bank Transfer: 0.3%+25 GBP
Faster Payments: 0 GBP

There are 4 levels at CEX.IO with corresponding limits:

Identity. Daily deposit: 2,154 GBP. Daily withdrawal: 7,180 GBP
Address. Daily deposit: 7,180 GBP. Daily withdrawal: 7,180 GBP
Enhanced. Unlimited deposits and withdrawals
Corporate: Unlimited deposits and withdrawals

Minimum deposit for ETH: 0.001

Storage fee: 0,06 ETH per day

Pros	Cons
Regulated and well-recommended exchange 0 withdrawal fees with faster payments Easy credit/debit card deposits Good terms for Bitcoin (BTC), Litecoin (LTC), and Ethereum (ETH)	Very high deposit fees Minimum deposit of 0.001 for ETH Storage fee for ETH

How to buy ETH on this exchange:

Create an account on CEX.IO and go through the verification process. To do so, attach a copy of your ID or passport.

Make a deposit to your account with your preferred payment method.

Go 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:

Credit card: Visa or Mastercard
SEPA transfer
GiroPay/Sofort
Mobile 2 app
Bancontact
iDEAL
LiteBit credits

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
Plenty of deposit methods Fair limits	The lack of transparency in fees Deposits only in EUR Works best for the EU

How to buy ETH on this exchange:

Go to the “Buy crypto” section and select ETH.

Indicate the amount, choose a convenient way to pay, and confirm your order.

BC Bitcoin

Payment methods:

Credit/debit card
FPS
SEPA Bank Transfers

Supported deposit currencies: GBP, EUR, USD

Bank transfer fees:

5% for ETH
For purchases that exceed £5,000: 4% fee
Credit or debit card fees: around 7.5%

Daily limit to buy or sell: 25 ETH.

Pros	Cons
Transparent fees Easy to use from the UK Good reviews	Not regulated Very high fees both for bank transfers and credit cards Daily limits for ETH Used mostly for BTC purchases

How to buy ETH on this exchange:

Create a BC Bitcoin account and confirm your identity.

Select ETH from the list of crypto options and choose your payment method. Also, make a payment in GBP.

Indicate the number of coins and your crypto wallet info and all other relevant information, and press “Buy”.

eToro

Payment methods:

Visa
Mastercard
Diners Club International
PayPal
Skrill
Neteller
Union Pay
WebMoney
Yandex

Supported deposit currencies: USD

Fees:

Deposit fees: 0
Withdrawal fees: 5 USD or 3.59 GBP
Inactivity fee: 10 USD or 7 GBP
ETH fee: 1.90 %

Crypto transfer fee for ETH: 0.26 ETH and 0.006 unit fee

No transfer fees within eToro wallets.

Limits:

Minimum ETH transaction: 50,000 USD or around 35,914 GBP
Maximum ETH transaction: 200,000 USD or around 143,650 GBP

Pros	Cons
No fees within eToro wallets 0 deposit fees Many options to make a deposit	High fees to and from external wallets There is an inactivity fee Supported deposits only in USD

How to buy ETH on eToro:

Sign-up for eToro. Verify your account.

Make a deposit in GBP that will be converted to EUR.

Indicate how many ETH you are looking to buy and confirm.

Libertex

Payment methods:

Credit/debit card
Skrill e-wallet
Sofort
SEPA
Neteller
Giropay
Trustly
iDeal
Multibanco
Rapid transfer

Supported deposit currencies: EUR

Fees:

Minimum withdrawal fee is 10 EUR or 8,57 GBP
Minimum deposit amount is 10 EUR or 8,57 GBP

Pros	Cons
Easy purchases from the UK Good conditions for deposits Regulated	Inactivity fee Rollover fees Not peer-to-peer

How to buy ETH on this exchange:

Create a Libertex account. Confirm your identity by providing an ID, passport, or another supportive document.

Make a fiat deposit by choosing your payment method.

Select 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:

Registration with the Financial Conduct Authority (FCA)
Know-Your-Customer regulation and escrow regulations
Anti-money laundering regulation
Anti-crypto derivatives 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.

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Jack Evans

I became a crypto asset owner in 2014, when the industry was in its infancy. Before that, I was working in the classic US and European stock markets. Since then, I have gained extensive experience in both cryptocurrency investing and day trading. I am happy to share with readers my experience with crypto exchanges, DeFi and NFT instruments.

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