Step 1: Create an account on an\u00a0exchange that supports Ethereum (ETH)<\/strong><\/h2>\nFirst, you will need to open an account on a cryptocurrency exchange that supports Ethereum (ETH).
We recommend the following based on functionality<\/strong>, reputation<\/strong>, security<\/strong>, support<\/strong> and fees<\/strong>:<\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.16″ _module_preset=”default” custom_margin=”0px||0px||true|false” custom_padding=”0px||0px||true|false” locked=”off” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row column_structure=”1_3,1_3,1_3″ make_equal=”on” module_class=”affiliate3″ _builder_version=”4.24.2″ _module_preset=”default” width=”100%” width_tablet=”45%” width_phone=”80%” width_last_edited=”on|phone” custom_padding=”||||true|true” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″][et_pb_column type=”1_3″ _builder_version=”4.16″ _module_preset=”default” custom_padding=”20px|20px|20px|20px|true|true” border_radii=”on|15px|15px|15px|15px” border_width_all=”1px” border_color_all=”#c3cce5″ box_shadow_style=”preset1″ box_shadow_spread=”20px” box_shadow_color=”#fcf9f1″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.24.2″ _module_preset=”default” custom_margin=”||13px|||” link_option_url=”https:\/\/partner.bybit.com\/b\/simplecryptoguide” link_option_url_new_window=”on” hover_enabled=”0″ locked=”off” global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″]\n1<\/p>\n
\u00a0Bybit<\/strong><\/p>\n[\/et_pb_text][et_pb_image src=”https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2023\/04\/Create-Bybit-Account.jpg” alt=”Create Bybit Account” title_text=”Create Bybit Account” url=”https:\/\/partner.bybit.com\/b\/simplecryptoguide” url_new_window=”on” align=”center” _builder_version=”4.20.4″ _module_preset=”default” width=”65%” locked=”off” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_image][et_pb_button button_url=”https:\/\/partner.bybit.com\/b\/simplecryptoguide” url_new_window=”on” button_text=”Register” button_alignment=”center” _builder_version=”4.20.4″ _module_preset=”default” button_text_size=”14px” button_bg_color=”#35b782″ button_font=”ABeeZee|700||on|||||” custom_css_main_element=”width: 100%;” locked=”off” global_colors_info=”{}” button_bg_color__hover=”#2e9e71″ button_bg_enable_color__hover=”on” filter_brightness__hover_enabled=”on|hover” filter_brightness__hover=”100%” theme_builder_area=”post_content”][\/et_pb_button][et_pb_text content_tablet=”<\/p>\nFees (Maker\/Taker)<\/span> 1.99%*\/1.99%*<\/strong><\/span><\/p>\n” content_phone=”<\/p>\n
Fees (Maker\/Taker)<\/span> 1.99%*\/1.99%*<\/strong><\/span><\/p>\n” content_last_edited=”off|tablet” _builder_version=”4.20.4″ _module_preset=”default” text_font_size=”13px” custom_margin=”3px||3px||true|false” locked=”off” inline_fonts=”ABeeZee” global_colors_info=”{}” theme_builder_area=”post_content”]\n
Fees (Maker\/Taker)<\/span>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a00.1%*-0.1%*<\/strong><\/span><\/p>\n[\/et_pb_text][et_pb_divider color=”#c3cce5″ _builder_version=”4.16″ _module_preset=”default” custom_margin=”0px||-20px||false|false” custom_padding=”0px||0px||true|false” locked=”off” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_divider][et_pb_text content_tablet=”<\/p>\nCryptocurrencies <\/span><\/span>
Available for Trade<\/span> <\/span> <\/span><\/span>50+<\/span><\/strong><\/span><\/p>\n” content_phone=”<\/p>\n
Cryptocurrencies <\/span><\/span>
Available for Trade<\/span> <\/span> <\/span><\/span>50+<\/span><\/strong><\/span><\/p>\n” content_last_edited=”off|tablet” _builder_version=”4.20.4″ _module_preset=”default” text_font_size=”13px” custom_margin=”3px||3px||true|false” locked=”off” inline_fonts=”ABeeZee” global_colors_info=”{}” theme_builder_area=”post_content”]\n
Cryptocurrencies <\/span><\/span>
Available for Trade<\/span>\u00a0<\/span>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0400<\/strong><\/span><\/span>+<\/span><\/span><\/strong><\/p>\n[\/et_pb_text][et_pb_divider color=”#c3cce5″ _builder_version=”4.16″ _module_preset=”default” custom_margin=”0px||-20px||false|false” custom_padding=”0px||0px||false|false” locked=”off” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_divider][et_pb_text _builder_version=”4.24.2″ _module_preset=”default” text_font_size=”13px” custom_margin=”3px||3px||true|false” hover_enabled=”0″ locked=”off” inline_fonts=”ABeeZee” global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″]\nSign-up bonus<\/span>
\u00a015% reduced trading fees & up to $30,000 sign-up bonus*<\/span><\/strong><\/span><\/p>\n[\/et_pb_text][et_pb_divider color=”#c3cce5″ _builder_version=”4.16″ _module_preset=”default” custom_margin=”0px||-20px||false|false” custom_padding=”0px||0px||false|false” locked=”off” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_divider][et_pb_text _builder_version=”4.20.4″ _module_preset=”default” text_font_size=”13px” custom_margin=”3px||3px||true|false” locked=”off” inline_fonts=”ABeeZee” global_colors_info=”{}” theme_builder_area=”post_content”]\nAvailable in<\/span>
Europe, Asia, Oceania, Africa<\/span><\/strong><\/span><\/p>\n[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.16″ _module_preset=”default” custom_padding=”20px|20px|20px|20px|true|true” border_radii=”on|15px|15px|15px|15px” border_width_all=”1px” border_color_all=”#c3cce5″ box_shadow_style=”preset1″ box_shadow_spread=”20px” box_shadow_color=”#fcf9f1″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.24.2″ _module_preset=”default” custom_margin=”||13px|||” link_option_url=”https:\/\/accounts.binance.com\/en\/register?ref=RP2JHHRW” link_option_url_new_window=”on” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″]\n2<\/p>\n
\u00a0Binance<\/strong><\/p>\n[\/et_pb_text][et_pb_image src=”https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2021\/10\/Create-Binance-Account.png” title_text=”Create Binance Account” url=”https:\/\/accounts.binance.com\/en\/register?ref=RP2JHHRW” url_new_window=”on” align=”center” _builder_version=”4.16″ _module_preset=”default” width=”65%” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_image][et_pb_button button_url=”https:\/\/accounts.binance.com\/en\/register?ref=RP2JHHRW” url_new_window=”on” button_text=”Register” button_alignment=”center” _builder_version=”4.16″ _module_preset=”default” button_text_size=”14px” button_bg_color=”#35b782″ button_font=”ABeeZee|700||on|||||” custom_css_main_element=”width: 100%;” global_colors_info=”{}” button_bg_color__hover=”#2e9e71″ button_bg_enable_color__hover=”on” filter_brightness__hover_enabled=”on|hover” filter_brightness__hover=”100%” theme_builder_area=”post_content”][\/et_pb_button][et_pb_text content_tablet=”<\/p>\nFees (Maker\/Taker)<\/span> 1.99%*\/1.99%*<\/strong><\/span><\/p>\n” content_phone=”<\/p>\n
Fees (Maker\/Taker)<\/span> 1.99%*\/1.99%*<\/strong><\/span><\/p>\n” content_last_edited=”off|tablet” _builder_version=”4.16″ _module_preset=”default” text_font_size=”13px” custom_margin=”3px||3px||true|false” inline_fonts=”ABeeZee” global_colors_info=”{}” theme_builder_area=”post_content”]\n
Fees (Maker\/Taker)<\/span>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 0.075%*-0.1%*<\/strong><\/span><\/p>\n[\/et_pb_text][et_pb_divider color=”#c3cce5″ _builder_version=”4.16″ _module_preset=”default” custom_margin=”0px||-20px||false|false” custom_padding=”0px||0px||true|false” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_divider][et_pb_text content_tablet=”<\/p>\nCryptocurrencies <\/span><\/span>
Available for Trade<\/span> <\/span> <\/span><\/span>50+<\/span><\/strong><\/span><\/p>\n” content_phone=”<\/p>\n
Cryptocurrencies <\/span><\/span>
Available for Trade<\/span> <\/span> <\/span><\/span>50+<\/span><\/strong><\/span><\/p>\n” content_last_edited=”off|tablet” _builder_version=”4.16″ _module_preset=”default” text_font_size=”13px” custom_margin=”3px||3px||true|false” inline_fonts=”ABeeZee” global_colors_info=”{}” theme_builder_area=”post_content”]\n
Cryptocurrencies <\/span><\/span>
Available for Trade<\/span>\u00a0<\/span> \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0500<\/strong><\/span><\/span>+<\/span><\/span><\/strong><\/p>\n[\/et_pb_text][et_pb_divider color=”#c3cce5″ _builder_version=”4.16″ _module_preset=”default” custom_margin=”0px||-20px||false|false” custom_padding=”0px||0px||false|false” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_divider][et_pb_text _builder_version=”4.16″ _module_preset=”default” text_font_size=”13px” custom_margin=”3px||3px||true|false” inline_fonts=”ABeeZee” global_colors_info=”{}” theme_builder_area=”post_content”]\nSign-up bonus<\/span> <\/span>
\u00a010% reduced trading fees*<\/span><\/strong><\/span><\/p>\n[\/et_pb_text][et_pb_divider color=”#c3cce5″ _builder_version=”4.16″ _module_preset=”default” custom_margin=”0px||-20px||false|false” custom_padding=”0px||0px||false|false” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_divider][et_pb_text _builder_version=”4.16″ _module_preset=”default” text_font_size=”13px” custom_margin=”3px||3px||true|false” inline_fonts=”ABeeZee” global_colors_info=”{}” theme_builder_area=”post_content”]\nAvailable in<\/span>
Europe, Asia, Oceania, Africa<\/span><\/strong><\/span><\/p>\n[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.16″ _module_preset=”default” custom_padding=”20px|20px|20px|20px|true|true” border_radii=”on|15px|15px|15px|15px” border_width_all=”1px” border_color_all=”#c3cce5″ box_shadow_style=”preset1″ box_shadow_spread=”20px” box_shadow_color=”#fcf9f1″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.20.4″ _module_preset=”default” custom_margin=”||13px|||” link_option_url=”https:\/\/www.mexc.com\/en-US\/register?inviteCode=mexc-1NEbG” link_option_url_new_window=”on” global_colors_info=”{}” theme_builder_area=”post_content”]\n3<\/p>\n
\u00a0MEXC<\/strong><\/p>\n[\/et_pb_text][et_pb_image src=”https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2022\/04\/Create-MEXC-Account.png” alt=”Create MEXC Account” title_text=”Create MEXC Account” url=”https:\/\/www.mexc.com\/en-US\/register?inviteCode=mexc-1NEbG” url_new_window=”on” align=”center” _builder_version=”4.16.1″ _module_preset=”default” width=”65%” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_image][et_pb_button button_url=”https:\/\/www.mexc.com\/en-US\/register?inviteCode=mexc-1NEbG” url_new_window=”on” button_text=”Register” button_alignment=”center” _builder_version=”4.16.1″ _module_preset=”default” button_text_size=”14px” button_bg_color=”#35b782″ button_font=”ABeeZee|700||on|||||” custom_css_main_element=”width: 100%;” global_colors_info=”{}” button_bg_color__hover=”#2e9e71″ button_bg_enable_color__hover=”on” filter_brightness__hover_enabled=”on|hover” filter_brightness__hover=”100%” theme_builder_area=”post_content”][\/et_pb_button][et_pb_text content_tablet=”<\/p>\nFees (Maker\/Taker)<\/span> 1.99%*\/1.99%*<\/strong><\/span><\/p>\n” content_phone=”<\/p>\n
Fees (Maker\/Taker)<\/span> 1.99%*\/1.99%*<\/strong><\/span><\/p>\n” content_last_edited=”off|tablet” _builder_version=”4.16.1″ _module_preset=”default” text_font_size=”13px” custom_margin=”3px||3px||true|false” inline_fonts=”ABeeZee” global_colors_info=”{}” theme_builder_area=”post_content”]\n
Fees (Maker\/Taker)<\/span>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 0.2%*-0.2%*<\/strong><\/span><\/p>\n[\/et_pb_text][et_pb_divider color=”#c3cce5″ _builder_version=”4.16″ _module_preset=”default” custom_margin=”0px||-20px||false|false” custom_padding=”0px||0px||true|false” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_divider][et_pb_text content_tablet=”<\/p>\nCryptocurrencies <\/span><\/span>
Available for Trade<\/span> <\/span> <\/span><\/span>50+<\/span><\/strong><\/span><\/p>\n” content_phone=”<\/p>\n
Cryptocurrencies <\/span><\/span>
Available for Trade<\/span> <\/span> <\/span><\/span>50+<\/span><\/strong><\/span><\/p>\n” content_last_edited=”off|tablet” _builder_version=”4.16.1″ _module_preset=”default” text_font_size=”13px” custom_margin=”3px||3px||true|false” inline_fonts=”ABeeZee” global_colors_info=”{}” theme_builder_area=”post_content”]\n
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Available for Trade<\/span>\u00a0<\/span> \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a01500<\/strong><\/span><\/span>+<\/span><\/span><\/strong><\/p>\n[\/et_pb_text][et_pb_divider color=”#c3cce5″ _builder_version=”4.16″ _module_preset=”default” custom_margin=”0px||-20px||false|false” custom_padding=”0px||0px||false|false” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_divider][et_pb_text _builder_version=”4.16.1″ _module_preset=”default” text_font_size=”13px” custom_margin=”3px||3px||true|false” inline_fonts=”ABeeZee” global_colors_info=”{}” theme_builder_area=”post_content”]\nSign-up bonus<\/span> <\/span>
\u00a010% reduced trading fees & up to $170 in USDT vouchers*<\/span><\/strong><\/span><\/p>\n[\/et_pb_text][et_pb_divider color=”#c3cce5″ _builder_version=”4.16″ _module_preset=”default” custom_margin=”0px||-20px||false|false” custom_padding=”0px||0px||false|false” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_divider][et_pb_text _builder_version=”4.16.1″ _module_preset=”default” text_font_size=”13px” custom_margin=”3px||3px||true|false” inline_fonts=”ABeeZee” global_colors_info=”{}” theme_builder_area=”post_content”]\nAvailable in<\/span>
North America, South America, Europe, Asia, Oceania, Africa<\/span><\/strong><\/span><\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.16″ _module_preset=”default” custom_margin=”0px||0px||true|false” custom_padding=”0px||0px||true|false” locked=”off” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ _module_preset=”default” custom_padding=”0px||0px||true|false” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”]\nIn order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.<\/p>\n
Note:<\/strong>\u00a0<\/span>On specific exchanges, you might need to complete a\u00a0<\/span>Know Your Customer (KYC)<\/a>\u00a0procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.<\/p>\nStep 2: Deposit funds into your account<\/h2>\n
Many cryptocurrency exchanges will allow you to purchase Ethereum (ETH) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.<\/p>\n
Note:<\/strong>\u00a0<\/span>Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.<\/p>\nStep 3: Buy Ethereum (ETH)<\/h2>\n
This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for Ethereum (ETH) or Ethereum (ETH) trading pairs. Look for the section that will allow you to buy Ethereum (ETH), and enter the amount of the cryptocurrency that you want to spend for Ethereum (ETH) or the amount of fiat currency that you want to spend towards buying Ethereum (ETH). The exchange will then calculate the equivalent amount of Ethereum (ETH) based on the current market rate.<\/p>\n
Note:<\/strong>\u00a0<\/span>Make sure to always double-check your transaction details, such as the amount of Ethereum (ETH) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or\u00a0<\/span>purchase a hardware wallet\u00a0<\/span>for the highest level of protection.<\/p>\n[\/et_pb_text][et_pb_divider color=”#ff8f00″ _builder_version=”4.16″ _module_preset=”default” custom_margin=”0px||0px||true|false” custom_padding=”0px||0px||true|false” locked=”off” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_divider][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.16″ _module_preset=”default” custom_margin=”0px||0px||true|false” custom_padding=”0px||0px||true|false” locked=”off” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ _module_preset=”default” custom_padding=”0px||0px||true|false” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.16″ _module_preset=”default” locked=”off” global_colors_info=”{}” theme_builder_area=”post_content”]\nFor more in-depth instructions, our ‘Absolute Beginner’s Guide To Cryptocurrency Investing<\/a>‘ will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.
And if you’re completely new to crypto our beginner, intermediate and advanced level articles<\/a>\u00a0will get you up to speed with everything you need to know about the cryptocurrency space starting out.\u00a0<\/span><\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.16″ _module_preset=”default” custom_padding=”3px||2px|||” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text module_id=”exchanges” _builder_version=”4.17.4″ _module_preset=”default” header_2_font=”Inter|600|||||||” header_2_text_color=”#333333″ header_2_font_size=”38px” header_2_letter_spacing=”0px” header_2_line_height=”1.4em” header_3_font=”Rubik|600|||||||” header_3_text_color=”#000000″ custom_margin=”||||false|false” custom_padding=”||0px|||” header_2_font_tablet=”Inter|600|||||||” header_2_font_phone=”Inter|600|||||||” header_2_font_last_edited=”on|phone” header_2_font_size_tablet=”38px” header_2_font_size_phone=”34px” header_2_font_size_last_edited=”on|desktop” header_3_font_size_phone=”32px” border_width_bottom=”2px” border_color_bottom=”#ffc517″ locked=”off” global_colors_info=”{}” theme_builder_area=”post_content”]\nWhat is Ethereum (ETH)?<\/h2>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.17.4″ _module_preset=”default” custom_padding=”0px||0px|||” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ _module_preset=”default” custom_padding=”2px|||||” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”]\n
Ethereum is an open-source platform for decentralized computing<\/a>. You may compare it to a notebook computer or a personal computer, but it does not operate on a single machine. Instead, it operates concurrently on thousands of devices all across the globe, which means that it is not owned by a single person.<\/p>\nYou are able to transfer digital money with Ethereum, just as you can with Bitcoin<\/a> and other cryptocurrencies. However, it is also capable of a great deal more than that; for example, you may deploy your own code and interact with apps that were generated by other users. On Ethereum, because to its high degree of adaptability, it is possible to run a wide variety of complex applications.<\/p>\nTo put it another way, the fundamental premise of Ethereum is that software developers should be able to write and deploy code that is executed throughout a distributed network rather than being stored on a single server. Because of this, it is theoretically impossible to filter or disable these programs in any way.<\/p>\n
<\/strong><\/h2>\n