If you’re 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.
On top of explaining how to buy Ethereum in the UK, we’ll also discuss what the future holds for this crypto project in terms of risk and potential rewards.
How to Buy Ethereum UK – Quick Steps
Looking to learn how to buy Ethereum in the UK right now?
If so, simply follow the quickfire guide below to complete the investment 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 (about £7) to get your eToro account open. To fast-track the deposit process, opt for a UK debit/credit card.
- Step 3: Search for Ethereum: Next, enter ‘Ethereum’ in the search bar and click on ‘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 upwards.
Once you click on ‘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 assessing where to buy Ethereum in the UK, it is important that you choose a broker that offers a safe and secure trading environment.
Moreover, be sure to check the broker’s fee table and minimum deposit requirements.
To help clear the mist, below we explain where to buy Ethereum in the UK by reviewing three top-rated brokers.
1. eToro – Overall Best Place to Buy Ethereum UK
If you’re wondering the best place to buy Ethereum in the UK in less than 10 minutes from start to finish – consider eToro. In choosing this broker, you will be using a provider that is licensed by the Financial Conduct Authority (FCA). Moreover, eToro is used by over 20 million people, and the brokerage firm is tipped to go public this year with a US listing.
Before you can buy Ethereum in the UK at eToro, you will need to deposit some funds. The minimum deposit is just $10 and you choose from an e-wallet, Visa, MasterCard, Maestro, or a UK bank transfer. You can then invest in Ethereum and 40+ other digital currencies on a spread-only basis, from just $10 per trade. Other digital assets available at eToro include Bitcoin, EOS, Dogecoin, Cardano, Litecoin, AAVE, Binance Coin, and more.
For those that wish 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 forex, commodities, and indices. eToro also caters to passive investors through its Copy Trading tool. This requires you to choose a successful eToro investor and from just $200 – you can copy their trades automatically.
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 simple to use and thus – perfect for beginners to buy Ethereum in the UK. Plus, you only need to meet a £2 minimum to invest in cryptocurrencies here. You can instantly buy Ethereum via Visa or MasterCard, but we warned that you will be charged almost 4% in fees.
This is why many Coinbase users will instead deposit funds via a UK bank transfer and wait the required 1-2 working days for the transaction to clear. When it does, you will pay a much lower commission to buy Ethereum in the UK – at 1.49%. Dozens of other crypto assets are supported by Coinbase, which covers large-cap projects, DeFi tokens, and even stablecoins.
Moreover, Coinbase offers excellent security tools – both internally and externally. On your side, you will be forced to set up two-factor authentication – so on each 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 both iOS and Android devices.
Note: If you’re looking at how to buy Ethereum stock, consider buying Coinbase shares – which will get you indirect exposure to this cryptocurrency.
3. Binance – Buy Ethereum UK With Crypto
Binance is a suitable exchange to buy Ethereum in the UK in exchange for crypto. For instance, if you already have Bitcoin, you can make a fee-free deposit into your Binance account and then exchange BTC for ETH at just 0.10%. And, if you find yourself trading larger amounts, Binance will reduce this fee further. Moreover, if you hold BNB tokens, you will benefit from a reduction of 25% on your trading fees.
At Binance, you can also deposit funds with a debit or credit card, but fees are high. This is because the deposit will be processed by a third party. Once you have purchased Ethereum at Binance, you might also consider buying some other tokens. At Binance, you will find over 1,000+ crypto markets – which is huge.
Another benefit of using Binance is that the exchange is home to the largest amount of trading volume of liquidity in this space. This means that you can buy Ethereum in the UK at industry-leading spreads – and you will never need to worry about there being enough liquidity to cash out your tokens. Binance is available online or via the iOS/Android mobile app.
What is Ethereum?
Launched in 2015 by Vitalik Buterin, Ethereum was the first blockchain project to take cryptocurrency transactions to the next level. By this, we mean that Ethereum introduced the concept of smart contracts. In a nutshell, smart contracts are immutable agreements between two or more parties that cannot be executed until certain conditions have been met.
For example, this might 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 out without needing to manually intervene.
Ethereum is also home to its own digital token – ETH. This hugely popular cryptocurrency is now the second-largest globally in terms of market capitalization. Moreover, Ethereum has since surpassed a value of over $4,000. At eToro, however, you can invest just $10 into this token.
Is Ethereum a Good Investment?
Although the project now faces fierce competition, Ethereum is still the de-facto smart contract blockchain of choice.
Moreover, the blockchain is in the process of being upgraded to a proof-of-stake consensus model, which means significantly faster, cheaper, and more scalable transactions.
With this in mind, there is much to look forward to from an investment prospect, as many market commenters will argue that Ethereum is still heavily undervalued.
As a multi-billion dollar cryptocurrency, Ethereum is traded across more than a hundred exchanges. Its market price is dictated by demand and supply – in terms of how buying and selling pressure there is at any given time.
In terms of growth, Ethereum is one of the best-performing digital currencies of all time. Put simply, had you invested in ETH tokens back in 2015, your portfolio would now be worth over 25,000% more.
Ethereum Price Prediction
The Ethereum price last hit an all-time high in late 2021, when the token surpassed a value of $4,800. The price of Ethereum however, like most crypto assets, has since dropped moving into 2022.
When it comes to Ethereum price predictions, perhaps the long-term target is for the digital asset to follow Bitcoin, in terms of breaching a market capitalization of over $1 trillion. Whether or not this comes to fruition remains to be seen.
Best Ethereum Wallet
Due to its position in the wider cryptocurrency market, there are plenty of wallets that support Ethereum. If you’re specifically looking for the best Ethereum wallet available in the UK, consider eToro.
Put simply, the eToro Money Crypto Wallet – which is licensed, allows you to store, send, and receive ETH tokens in a user-friendly and secure manner. Plus, the wallet also allows you to buy and sell Ethereum directly from just $10 per trade.
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 fees and you only need to cover a minimum investment of $10, which amounts to just over £7.