When choosing low-cost broker that is regulated by the FCA, you can buy Ethereum in the UK in cost-effective and secure way.
This guide not only discusses where to buy Ethereum in the UK, but how to complete your purchase under five minutes.
How to Buy Ethereum UK in Under 5 Minutes – Quick Guide
Follow the simple step-by-step guide below to learn how to buy Ethereum in the UK under five minutes.
Step 1: Open an eToro Account: Head over to the eToro website to open account.
Step 2: Deposit Funds: This FCA-regulated broker supports debit/credit cards, as well as e-wallets and UK bank transfers. Deposit from $10 (about £7) to finish account opening process.
Step 3: Find Ethereum: To find Ethereum on the eToro website, type ‘ETH’ into the search bar and click on ‘Trade’.
Step 4: Buy Eth ..
Where to Buy Ethereum UK
If you’re wondering where to buy Ethereum in the UK, you are best off sticking with broker that is licensed by the FCA.
Your chosen platform should also accept your preferred payment method and offer competitive commission fees.
Read our reviews below to decide on where to buy Ethereum in the UK today.
1. eToro – Best Place to Buy Ethereum UK for 2022
eToro offers the overall best place to buy Ethereum in the UK. At this platform, you will have the safety of the FCA behind you, as eToro is a fully-licensed brokerage. Moreover, the platform is also regulated by the SEC, ASIC, and CySEC. You can buy Ethereum in the UK here on spread-only basis, which means that you only have to cover the bid/ask mark-up.
You can also buy Ethereum from minimum of just $10 (£7) -eToro. In terms of security, your ETH tokens will be safely stored by eToro until you are ready to cash out. eToro offer free crypto wallet.
You can do this instantly with a debit card ,e-wallet, or wait a few days by transferring funds from your bank account. At eToro, you can also invest in stocks and ETFs, and trade currencies, indices, and hard/soft commodities. Plus, eToro also offers Copy Trading tools, which allows you to invest passively.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
2. Binance – Top Exchange to Swap Bitcoin for Ethereum
Some of you reading this guide might already own allocation of Bitcoin. And if this is the case, you can swap your BTC tokens for ETH in just few clicks at Binance crypto exchange. In fact, as you will not be depositing or withdrawing funds with fiat money, you only need to provide an email address when you register.
Furthermore, by swapping BTC – or any other supported digital currency for that matter, you will only pay a commission of 0.10%. On the other hand, if you want to buy Ethereum in the UK with debit/credit card, this is also option at Binance. However, fees can be high, depending which third-party payment processor you use.
Another thing to mention about Binance is that although exchange isn’t regulated, it does offer number of crucial safety features. This includes requirement to complete a 2FA process on each log-in and withdrawal request. If logging in via the Binance app, then you will need to verify access by entering unique code sent to your email address.
Your capital is at risk.
3. Coinbase – Great Place to Buy Ethereum UK as a Newbie
If you’re wondering where to buy Ethereum in the UK with little to no knowledge of cryptocurrency trading – consider Coinbase exchange.
Beginners will find main Coinbase website easy to use. The trading fees are lower however on their separate cryptocurrency exchange Coinbase Pro – 0.1% maker and taker fees.
Before you can buy Ethereum in the UK with pounds and pence, you’ll need to register with Coinbase and upload copy of your passport or driver’s license.
Coinbase will usually verify your ID document instantly. If you’re looking at how to buy Ethereum stock, you can actually invest in Coinbase shares. The share value of Coinbase will, however, correlate to the broader crypto markets as opposed to just Ethereum. Nonetheless, all crypto assets at Coinbase can be purchased from just £2 .
We also like Coinbase for its commitment to keeping your digital currency investments safe. Some of the security tools offered by this exchange include IP address and device whitelisting, 2FA, and cold storage. Finally, Coinbase also offers crypto debit card that allows you to spend your tokens in the real world.
Your capital is at risk.
Conclusion
You now know the required process of how to buy Ethereum in the UK can be both safe and cost-effective when choosing the right broker.