How to buy ethereum

Lykke Wallet offers several ways to buy ether. It provides a secure platform to complete online transactions; thus, this application is the simple answer to the question, “Where can I buy ether?”

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You can exchange ether for different crypto assets, including Bitcoin, Lykke, SolarCoin, WorldView (TREE), and Chronobank (TIME) on the platform. You can also purchase ether with fiat currencies such as USD, GBP, and EUR. You can conveniently fund your Lykke account by credit card or debit card and bank transfer. You may elect the way that best suits your preferences.

The following sections provide more information on these transaction types to help you decide where and how to purchase ether coin.

How to buy ethereum with credit card

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One way to buy ETH is to deposit funds into your Lykke Wallet via credit card. On Lykke, you enter the desired amount and provide your details. Afterward, using your payment service provider account, you specify your credit card provider and the details of your card.

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Lykke informs you when the transaction completes successfully. You can then use these funds to invest in ethereum.

How to Buy ether with Bitcoins

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If you already have Bitcoins, you can easily exchange them to ether using your Lykke Wallet. After you log into the application, you select the BTC/ETH option in the trading wallet.

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The rate at which Bitcoin is exchanged for ether is calculated in real time. If you are satisfied with this rate, simply submit the transaction. You will be an ether coin holder within a few minutes.

How to Buy ether with Bank Transfer

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After logging into your Lykke account, select the fiat currency that you want to deposit. Then, choose Bank Transfer as the method of funding. The app displays the bank account details of where the transfer should be made.

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Before the initial transaction, you must verify your identity with a three-step process. Lykke notifies you when this process is complete. You can then complete the bank transaction. As soon as the transfer appears in your Lykke Wallet, you are free to spend it ether coins.

Frequently Asked Questions

When is the right time to buy?

If your intention is to be part of this exciting new movement and you wish to hold your investment for the long term, you may acquire ether at any time and keep it in your wallet.

For traders, it would be wise to buy ethereum coin instead of investing when prices are lower, and ignore what the other market participants do, considering the rapid price fluctuations.

What are the risks with buying ethereum?

As with all cryptocurrencies, the vulnerability of the market is a threat, and ether is not a safeguard from that. Additionally, the changes in price prevent some sceptics from buying ethereum at all. Cybersecurity is a major concern for many, but users with better awareness of safety issues can reduce the chances of potentially becoming victims of attacks.

Can you sell ethereum?

Naturally, there are two ways to sell your ETH: by trading it for other crypto assets, or by exchanging it for any of the fiat currencies available on Lykke.

Can you buy partial ethereum?

You surely can. The beauty of this coin is that you may invest in any fraction of ethereum without the obligation of spending a certain minimum amount.

What is the best payment method to use when buying?

The best payment method for buying ether depends primarily on your preferences. It is utterly important to use a secure platform, like Lykke, so you would not need to worry about your personal information and your financial details being misused.

What should I do with my ether once I buy?

If you purchased your ETH on Lykke, you can sit back and enjoy the moment. If you bought ether online on a different exchange, we recommend that you transfer your coins to a secure wallet as soon as possible.

What is the difference between ethereum and ethereum Classic?

Ether Classic (ETC) is theresult of a hard fork at the ethereum in July 2016. Given that, ETC will not be able to update its blockchain to PoS when ETH do the same later this year. The value of ETC coins is significantly lower than ETH coins. Additionally, the leading developers of ethereum remained with ether after the fork.