How to buy Ethereum ?
If you are looking to buy Ethereum in 2023, the best option is to use an exchange or broker. There are a number of such platforms that allow you to buy Ethereum with various currencies, and also via different deposit methods like credit card or Paypal account.
To buy Ethereum on an exchange or through a broker, you must first create an account and deposit funds. Once you’ve done that, you can simply find Ethereum and place a buy order.
The order will be executed as soon as the tokens are available, i.e. immediately on most platforms for “reasonable” amounts.
Buying ethers via an exchange can represent a risk in the event of a hack of the platform or its bankruptcy. For more security, remember to store your ethers (ETH) on an external wallet to that offered by the exchange platform.
If you want to buy Ethereum strictly speaking, the best solution is to turn to exchanges (exchange platforms). These allow you to buy ETH tokens and hold them for long-term investment.
Here are the trusted exchanges to buy Ethereum in 2023 :
- Binance
- FTX
- Bybit
- Bitget
- Kraken
If, on the other hand, you want to trade with Ethereum. You can register through a broker who will give you access to various trading services. All crypto brokers offer CFDs on Ethereum.
Here are some trusted brokers for trading Ethereum :
Reminder about the Ethereum project
Before wanting to buy Ethereum, or any other crypto, it is necessary to know the project !
Ethereum is a decentralized platform that executes smart contracts, which is the biggest innovation that Ethereum has brought to the market. Thanks to them, applications that run exactly as they were programmed, without any possibility of fraud or interference from a third party.
Ethereum was invented by Vitalik Buterin, and launched in 2015.
Since its launch, Ethereum has attracted widespread interest from developers and investors. The Ethereum platform is used to create a wide variety of applications, including games and recently decentralized finance applications.
The founder of Ethereum, Vitalik Buterin, is a Russian-Canadian programmer born in 1994. He became interested in Bitcoin in 2011 and started developing the Ethereum platform soon after. Today, Ethereum is the second largest crypto by market capitalization.
Is it time to buy Ethereum ?
This is a difficult question to answer. Like all financial investments, it is impossible to predict with certainty the movements of the price of an asset. Crypto is all the more difficult to predict as the market is very young and volatile.
Ethereum has been an extremely successful and popular platform, with a wide variety of applications built around it and thanks to it. On the other hand, Ethereum is still in its infancy, and there is no guarantee that it will continue to be successful in the long term.
If you are considering buying Ethereum in 2023, there are a number of factors to consider, including the current price of Ethereum and its potential for growth.
The start of 2022 was very complicated for the crypto market and Ethereum was not spared. Its price is still currently quite low, which can be a good sign of purchase.
Additionally, the rollout of ETH 2.0 (The Merge) is scheduled for September 2022 and may also be a sign of buying. Indeed, this update will improve the blockchain, in particular by moving it from Proof of Work to Proof of Stake, and optimize its speed and transaction costs.
Storing your Ethereum on a wallet
If you decide to buy Ethereum, it is important to find a safe and secure way to store your ethers. One of the options is to use a crypto wallet.
A wallet is a digital wallet that stores cryptos (your ethers for example). Wallets allow you to store your tokens securely.
There are a number of different wallets, each with their own characteristics. The best known are hot wallets.
These are virtual wallets that install on your web browser directly. They are easily installed and easily accessible. The best known is Metamask and it is designed to be able to store ethers.
Other wallets have a physical form and are called cold wallets. They take the form of external hard drives, or USB keys and allow a greater level of security because they are not connected to the Internet (and therefore likely to be hacked).
The last option is to leave your ethers on the wallet offered by the exchange platform on which you bought your tokens. They are called custodial wallets. They have the advantage of being easily accessible and they allow easy and fast exchanges. However, your wallet depends on the platform.
Il est important de choisir un portefeuille qui correspond à vos besoins. Si vous souhaitez utiliser l’Ethereum pour des transactions régulières, vous pouvez choisir un browser wallet. Si vous souhaitez stocker vos tokens pour un investissement à long terme (holding), vous pouvez choisir un portefeuille physique.
It is important to choose a wallet that suits your needs. If you want to use Ethereum for regular transactions, you can choose a browser wallet. If you want to store your tokens for a long-term investment (holding), you can choose a physical wallet.
Once you have chosen a wallet, you need to create an account and deposit funds. You can then use the wallet to store your Ethereum and access it when you need it.
Be sure to keep your wallet password (recovery phrase) in a safe place and back it up, in case you ever need to access it again. If you lose your password or your funds, there is no way to recover them.