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If you are based in the UK and looking to add Ethereum to your investment portfolio, this guide will show you how to complete the process with an FCA regulated broker.
As well as explaining how to buy Ethereum in the UK, we will also discuss what the future holds for this crypto project in terms of potential risk and rewards.
How to buy Ethereum UK: quick steps
Do you want to know how to buy Ethereum in the UK right now?
If so, simply follow the quick guide below to complete the trading process with eToro.
- Step 1: Open an account: Open an eToro account, which will require you to provide some information about who you are and where you live.
- Step 2 – Deposit Funds: Deposit at least $10 (around £7) to open your eToro account. To speed up the deposit process, opt for a UK debit/credit card.
- Step 3: Search for Ethereum: Next, enter ‘Ethereum’ in the search bar and click ‘Trade’ when you see the blockchain asset appear.
- Step 4: Buy Ethereum UK: Decide how much you want to invest in Ethereum and enter the corresponding figure in the ‘Amount’ box. This can be any amount from $10 and up.
Once you click ‘Open Trade’, eToro will add your ETH tokens to your portfolio.
And that’s it – you’ve just learned how to buy Eth in the UK in four simple steps.
Where to buy Ethereum UK
When going through the process of evaluating where to buy Ethereum in the UK, it is important that you choose a broker that offers a secure trading environment.
Also, be sure to check the broker’s fee schedule and minimum deposit requirements.
To help clear the fog, below we explain where to buy Ethereum in the UK by reviewing three top-rated brokers.
1. eToro – Best Overall Place to Buy Ethereum UK
If you’re wondering where the best place to buy Ethereum in the UK is in less than 10 minutes start to finish, consider eToro. By choosing this broker, you will be using a provider authorized by the Financial Conduct Authority (FCA). Additionally, eToro is used by over 20 million people, with the brokerage firm expected to go public this year with a US listing.
Before you can buy Ethereum in the UK on eToro, you will need to deposit some funds. The minimum deposit is just $10 and you can choose between an eWallet, Visa, MasterCard, Maestro or a UK bank transfer. You can then invest in Ethereum and over 40 other digital currencies on a margin-only basis, starting at just $10 per trade. Other digital assets available on eToro include Bitcoin, EOS, Dogecoin, Cardano, Litecoin, AAVE, Binance Coin, and more.
For those looking to diversify, eToro also offers thousands of UK and international stocks and ETFs at 0% commission. On a spread-only basis, you can also trade currencies, commodities and indices. eToro also caters to passive investors through its Copy Trading tool. This requires you to choose a successful trader from eToro and from just $200, you can copy their trades automatically.
Buy UK ETH on eToro Now
Crypto assets are a highly volatile unregulated investment product. No UK or EU investor protection.
2. Coinbase: Buy Ethereum in the UK with a debit card (3.99%)
Coinbase is a trusted cryptocurrency broker that was founded in 2012. The platform is easy to use and therefore perfect for beginners to buy Ethereum in the UK. Also, you only need to meet a minimum of £2 to invest in crypto here. You can buy Ethereum instantly through Visa or MasterCard, but be warned that you will be charged almost 4% in fees.
This is why many Coinbase users will deposit funds via UK bank transfer and wait the required 1-2 business days for the transaction to complete. When you do, you will pay a much lower commission to buy Ethereum in the UK: 1.49%. Coinbase supports dozens of other crypto assets, covering large-cap projects, DeFi tokens, and even stablecoins.
Additionally, Coinbase offers excellent security tools, both internally and externally. For your part, you will be forced to set up two-factor authentication, so on every login attempt, a code will be sent to your phone via SMS. Finally, if you’re wondering where to buy Ethereum in the UK on your phone, the Coinbase app is available on iOS and Android devices.
Note: If you are looking for how to buy Ethereum shares, consider buying Coinbase shares, which will give you indirect exposure to this cryptocurrency.
Buy UK ETH on Coinbase
Crypto assets are a highly volatile unregulated investment product. No UK or EU investor protection.
3. Binance: Buy Ethereum UK with cryptocurrencies
Binance is a suitable exchange to buy Ethereum in the UK in exchange for crypto. For example, if you already have Bitcoin, you can make a free deposit to your Binance account and then exchange BTC for ETH at just 0.10%. And, if you find yourself trading larger amounts, Binance will further reduce this fee. Also, if you hold BNB tokens, you will benefit from a 25% reduction in your trading fees.
At Binance, you can also deposit funds with a debit or credit card, but the fees are high. This is because the deposit will be processed by a third party. Once you have bought Ethereum on Binance, you might consider buying other tokens as well. On Binance, you will find more than 1000 crypto markets, which is huge.
Another benefit of using Binance is that the exchange hosts the largest amount of liquidity trading volume in this space. This means you can buy Ethereum in the UK with industry leading spreads, and never have to worry about there being enough liquidity to withdraw your tokens. Binance is available online or through the iOS/Android mobile app.
Buy UK ETH on Binance
Crypto assets are a highly volatile unregulated investment product. No UK or EU investor protection.
What is Ethereum?
Launched in 2015 by Vitalik Buterin, Ethereum was the first blockchain project that took cryptocurrency transactions to the next level. By this we mean that Ethereum introduced the concept of smart contracts. Simply put, smart contracts are immutable agreements between two or more parties that cannot be executed until certain conditions are met.
For example, this could include an agreement between a consumer and an insurance company. When a verifiable claim needs to be made, the smart contract can pay the consumer without the need for manual intervention.
Ethereum also hosts its own digital token: ETH. This hugely popular cryptocurrency is now the second largest globally in terms of market capitalization. Furthermore, Ethereum has since surpassed a value of over $4,000. On eToro, however, you can only invest $10 in this token.
Is Ethereum a good investment?
Although the project now faces fierce competition, Ethereum remains the de facto smart contract blockchain of choice.
Additionally, the blockchain is in the process of upgrading to a proof-of-stake consensus model, which means significantly faster, cheaper, and more scalable transactions.
With this in mind, there is a lot to look forward to from an investment perspective, as many market commentators will argue that Ethereum is still grossly undervalued.
Ethereum price?
As a multi-billion dollar cryptocurrency, Ethereum is traded on more than a hundred exchanges. Its market price is dictated by supply and demand, in terms of the buying and selling pressure that exists at any given time.
In terms of growth, Ethereum is one of the best performing digital currencies of all time. Simply put, if you had invested in ETH tokens in 2015, your portfolio would now be worth 25,000% more.
Ethereum Price Prediction
The price of Ethereum last reached an all-time high in late 2021, when the token surpassed a value of $4,800. However, the price of Ethereum, like most crypto assets, has dropped since then until 2022.
When it comes to Ethereum price predictions, perhaps the long-term goal is for the digital asset to follow Bitcoin, in terms of breaking out of a market cap of over $1 trillion. Whether or not this comes to fruition remains to be seen.
best ethereum wallet
Due to its position in the broader cryptocurrency market, there are many wallets that support Ethereum. If you are specifically looking for the best Ethereum wallet available in the UK, consider eToro.
In a nutshell, eToro Money Crypto Wallet, which is licensed, allows you to store, send and receive ETH tokens in a safe and user-friendly way. Furthermore, the wallet also allows you to buy and sell Ethereum directly from just $10 per transaction.
conclusion
If you’re wondering how to buy Ethereum in the UK right now, you can open an account with eToro and complete your purchase in less than 10 minutes.
This FCA-regulated broker offers highly competitive rates and you only need to cover a minimum investment of $10, which works out to just over £7.
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