Buy Ethereum Guide 2021: How & where can you buy and sell Ethereum cheaply?

Table of Contents

Ethereum is hourly bore to as the number 2 of all cryptocurrencies. The blockchain and a decentralized network are also used presently.

The system primarily deals with so- called smart contracts,i.e. contracts that conclude themselves.Kryptoszene.de once examined how you can buy Ethereum fast and freely.

Buy Ethereum: What should you look out for in order to buy Ethereum cheaply & safely?

There are several ways to buy Ethereum. You should pay special attention to the following things when buying Ethereum:

  • Where is the best place to buy Ethereum? Ethereum is one of the largest cryptocurrencies around. Accordingly, you only have to go to a crypto exchange or broker and you can start trading or buying from here. We have already examined the best offers and therefore recommend our test winner eToro .
  • Do you want to hodl Ethereum or speculate on the course? That depends on your own strategy. Hodln denotes the keeping of tokens. So you simply store the coins in a wallet and wait to see how the prices develop. Again and again, Hodler assume that one day you will actually be able to use digital currencies. Even then, of course, you are happy to have the coins at your disposal. However, if you are aiming for quick money, you will try speculation.
  • How does an Ethereum wallet work? The ETH wallet serves as a large management point for the cryptocurrency. From here you can send or receive the tokens. This means that you also receive your own individual address via your Ethereum wallet, which is used from now on for all transactions. Users should bear in mind that if you lose your password you will lose access to the digital wallet entirely. The eToro wallet, which is connected to the regular account, works somewhat safely.
  • Is it worth investing in Ethereum? Ethereum is one of the most promising coins in 2021. Advocates praise the price prospects on the one hand, but also the benefits that are provided by the smart contracts of the ETH blockchain on the other. In contrast to Bitcoin, the Ethereum network provides significantly more practical use cases. This could also contribute to a successful investment.

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The crypto investing is carried out by eToro (Europe) Ltd. and the custody is carried out by eToro Germany GmbH. Your capital is at risk.


How do I buy Ethereum in Germany? Buy Ethereum Guide for Beginners with eToro

We now show how to simply buy Ethereum. We use eToro for this, as you can buy real crypto currencies as well as CFDs here – Etoro combines the advantages of a broker and a crypto exchange .

First step: Register with eToro

First we have to register with eToro. To do this, we click on the link to register for eToro:TO THE ETORO REGISTRATION FORM

The crypto investing is carried out by eToro (Europe) Ltd. and the custody is carried out by eToro Germany GmbH. Your capital is at risk.

In the registration form we enter username, email and password and accept the terms and conditions:

We then receive a verification email in which we click on the link to confirm our account.

Second step: top up your account

In the next step we have to make our deposit to buy Ethereum. To do this, we click on the “Deposit money ” button at eToro :

etoro deposit

Then we select the amount and the method of payment with which we would like to deposit and then click on the “Send” button to deposit the amount.

Buy Ethereum with PayPal, Sofortüberweisung and more

In our example we show the purchase with a credit card. However, eToro also offers other deposit options :

Payment optionpossible?
Buy Ethereum with a credit card✔️
Buy Ethereum with PayPal✔️
Buy Ethereum with SOFORT Überweisung✔️
Buy Ethereum with Rapid Transfer✔️
Buy Ethereum with Skrill✔️
Buy Ethereum with bank transfer✔️
Buy Ethereum with Neteller✔️
Buy Ethereum with UnionPay✔️

Third step: Buy Ethereum online with euros

As soon as we have funded our account, we can buy Ethereum . To do this, we click in the search field above and enter “Ethereum” there.

Then we click on the “Trade” button:

Ethereum trading
Buy Ethereum

The purchase window then opens:

  1. Buy or sell : In our case, we have to select “Buy”
  2. Trade or orders : Here we can choose whether we want to execute the trade immediately (trade) or with a delay (order).
  3. Amount : How much Ethereum we want to buy
  4. Stop Loss and Take Profit : At what loss or profit our position should be automatically sold.
  5. Leverage : With what leverage we want to buy Ethereum. With lever X1 we buy real Ethereum , with lever X2 we buy leveraged Ethereum CFDs .

After we have configured all options, we click on the ” Open Trade ” button to complete the purchase.

The purchase of Ethereum is complete!TO REGISTER WITH ETORO

The crypto investing is carried out by eToro (Europe) Ltd. and the custody is carried out by eToro Germany GmbH. Your capital is at risk.

Buying Ethereum with Euro in Germany: Are there differences in Switzerland & Austria?

trade bitcoin for free

Now, in the instructions above, we admittedly ignored the fact that ETH can also be bought in other German-speaking countries. But we do n't want to forget our readers from Switzerland and Austria .

The good news is that you can fully use our Ethereum Guide as a Swiss or Austrian. EToro is also available in the Alpine countries.

Now one or the other may wonder whether there aren't restrictions in different countries from the Ethereum network. However, it should be said that the decentralized idea behind many crypto currencies almost makes national borders forgotten.

So it doesn't matter where the user is sitting for the technology as long as they can have an Ethereum address. Under certain circumstances, however, you will be able to make out a difference for Germany, Austria and Switzerland: the tax question .

Each tax authority considers an investment in crypto currencies such as Ethereum completely individually. It is also conceivable that a lot will happen in this regard in the next few years.

Make sure you clarify with your tax advisor how to enter such an investment in your tax return.

Buy Ethereum at bitcoin.de , Coinbase, Binance, Bison & Comdirect – Why we recommend eToro as an alternative

For the purchase of Ethereum you can claim a wide variety of offers. Let's take a look at the most important and popular providers.

BITCOIN.DE

Bitcoin.de logo

First there is Bitcoin.de. The platform is not quite as modern as other offers, but it still has Ethereum in its repertoire. The site is designed entirely for German users, which certainly speaks for them.

The security standards are high and everything else is very easy to use. However, there are some things that bother us in Bitcoin.de and Ethereum. You can buy ETH, but hardly any other crypto currencies. So only a limited crypto portfolio can be set up.

If you want to get your coins quickly, you can only make the deposit with the help of Fidor Bank. So we would have liked a little more independence.

COINBASE 

Coinbase logo

Coinbase is a US provider. The crypto exchange was pretty much the first of its kind and is considered a real veteran of the industry. Ethereum and many other tokens are also available here.

The presentation is modern and usability is absolutely given, even for beginners. We are only bothered by the fee structure, which is particularly significant for credit card payments.

BINANCE

Binance logo

Binance is the largest crypto exchange . So if you want to have a large selection, then you've come to the right place. Meanwhile there is also the Binance Coin, which can be traded as a medium of exchange itself. This applies under the abbreviation BNB.

With all the positive news, you shouldn't forget that you are not dealing with any EU-regulated offer. So you only trust a Chinese provider who is behind the platform.

BISON

bison app

The Bison app is interesting because the Stuttgart Stock Exchange is behind it. It is therefore probably the first German crypto app. But here, too, it is to be criticized that only five crypto currencies are on offer.

In addition, the application is limited to depositing via bank transfer.

ETORO

etoro logo

This was a short all-round look that took a closer look at various Ethereum providers. Readers should understand why we recommend eToro.

The reasons are largely obvious: an EU license, diverse assets with a nice selection of crypto currencies, variable payment methods such as PayPal or instant transfer and a mobile app.BUY ETHEREUM NOW

The crypto investing is carried out by eToro (Europe) Ltd. and the custody is carried out by eToro Germany GmbH. Your capital is at risk.

What is ethereum

Ethereum logo

Ethereum is the second largest cryptocurrency of our time . In contrast to Bitcoin, the ETH blockchain is designed for applications. Developers can place so-called smart contracts in the network.

These intelligent contracts enable users to carry out certain transactions fully automatically. The contract confirms all data and thus also provides a certain level of security.

The so-called dApps are also important . They can take on a wide variety of shapes and colors and can be compared to the applications in the Google Play Store, for example.

There are, for example, kitten trading cards but also useful applications that are causing a sensation, especially in the financial sector. DeFi is the magic word here, which we covered in a separate DeFi article .

So we can close the question “what is Ethereum” and refer to the other sources.

Should you buy Ethereum or not? Our reasons for buying!

Ethereum

Should I buy ETH or not? First of all: the good thing is that you can benefit from falling as well as rising prices. Nevertheless, it is important to act smartly and wisely in order to generate returns instead of having to look at the red.

Of course, there is no general recipe for success. The trader himself is challenged and should deal with his own claims, ideas and convictions in order to be able to make conscientious trading decisions. So should Ether be brought into the portfolio as a long-term investment or is the trader planning daily deals?

Does it make sense to invest in Ethereum?

There are undoubtedly good reasons to invest in Ethereum . For the crypto scene, the coin is one of the most promising crypto currencies . However, guarantees can never be given in the volatile crypto market and so an investment remains highly speculative.

But if the positive forecasts in the industry are correct, past daily highs are likely to be reached again in the future, which could enable unimagined return opportunities.

Let's take a look at the most interesting cryptocurrencies as an Ethereum alternative.

bitcoin photo

Buy bitcoin now

Bitcoin is of course the big market leader in cryptocurrencies. The digital currency is now considered a suitable means of storing value and is often referred to as digital gold.

Cardano (ADA)

Buy Cardano now

Cardano is something like the big Ethereum competitor. The development team is working hard to set up their own blockchain, which is also suitable for smart contracts. The transactions should be significantly cheaper than at ETH.

Buy IOTA now

How about a successful cryptocurrency from Germany? Here is IOTA, which always knows how to shine with amazing partnerships. Fujitsu, Dell, Intel, the list of those interested in industry reads impressive.

Buy Ripple XRP now

Ripple is undoubtedly popular, but is now considered a problem child in the industry due to disputes with the US Securities and Exchange Commission. This is exactly where there could be potential, even if Ripple may have to move away from the USA.

Buy classic stocks now

Ethereum is not a safe asset either. Significantly more stability can be expected from regular stocks. We have summarized the most exciting securities.BUY ETHEREUM NOW

The crypto investing is carried out by eToro (Europe) Ltd. and the custody is carried out by eToro Germany GmbH. Your capital is at risk.

What does 1 Ethereum currently cost?

TradingView COURSEShttp://nitrocdn.com/embed-widget/tickers/?#%7B%22frameElementId%22%3A%22274d7d6257eaf1e58505089b8bab43ff-1%22%2C%22isTransparent%22%3Afalse%2C%22showSymbolLogo%22%3Afalse%2C%22width%22%3A%22100%25%22%2C%22height%22%3A72%2C%22utm_source%22%3A%22kryptoszene.de%22%2C%22utm_medium%22%3A%22widget%22%2C%22utm_campaign%22%3A%22tickers%22%7D

Did you notice the above ticker? Here you can also find the current price for an Ethereum token. You can also calculate the ETH price yourself using our Ethereum calculator .

With the unique tool on our website, you can not only find out current prices, but also set individual amounts and thus easily calculate possible fees, costs or returns yourself.

Buy or Sell Ethereum? Our advantages and disadvantages analysis

There are a few reasons to buy Ethereum. At this point we do not want to forget the criticisms that speak out against an investment.

Nevertheless: the opinion of the crypto scene editors is clear. Ethereum is and will remain one of the most attractive cryptocurrencies on the market. On the one hand, this is due to the fact that it is much more established than many other coins.

The blockchain is used extensively for various DApps and smart contracts . Hardly any other digital currency can offer such benefits. In this respect, Ethereum scores particularly well in the area of ​​decentralized finance (DeFI).

Should the applications be able to establish themselves in the long term, the entire network will reveal a large user base, which should help the value of the blockchain itself to increase further.

  • 2. largest cryptocurrency
  • DeFi hype could explode Ethereum
  • Realistic application scenario with a potentially huge target group
  • Support from experienced founders such as Vitalik Buterin
  • Ethereum is still severely undervalued compared to Bitcoin
  • Lack of regulation of cryptocurrencies
  • General risk of investments in cryptocurrencies

However, of course, the downside must not be forgotten. In general, cryptocurrencies are still largely unregulated. Legislators only react gradually and create regulations but also limits.

The process can even go so far that one day central bank currencies find their way into the market. It remains to be seen whether this will also have negative consequences for Ethereum . In any case, the question of regulation is a risk factor.

If you also look at the price development of pretty much all digital currencies, one thing can be determined: volatility determines what happens. Anyone who is here must also expect that there will soon be an enormous price decline very quickly.

What the exact future will bring can not , of course, be foreseen . Nevertheless, Ethereum is currently still a pure object of speculation.BUY ETHEREUM NOW

The crypto investing is carried out by eToro (Europe) Ltd. and the custody is carried out by eToro Germany GmbH. Your capital is at risk.

Ethereum Trading – Should You Hold Ethereum Long-Term or Trade Short-Term?

How do you best approach an investment? Investors would do well to first be clear about their own investment goals.

ETHEREUM BLOCKCHAIN

This also results in a strategy, which in turn is responsible for whether the investment is designed for the longer term or for the short term.

Anyone who has already had various experiences in trading can definitely consider focusing on short-term trades. With them you can benefit from both rising and falling prices.

So if you are pursuing a short-term strategy, so-called CFDs could be of interest, which we will describe in more detail in the course of this article.

Do you rather believe in the long-term success of Ethereum and would you like to be a part of it? Then, of course, a slightly slower strategy is to be preferred. Under certain circumstances, you can count yourself among the so-called hodlers .

This refers to investors who buy Ethereum and then leave the coins in the wallet. Only after a few months or even years should they either produce a real benefit or be sold again with a lot of profit.

In the end, of course, this will only be successful if Ethereum can prevail over the major competition.

Fees when buying Ethereum

Let's take the following example to compare the fees when buying Ethereum:

  • We buy Ethereum for € 1,000
  • We keep our Ethereum for 30 days and then sell it again
  • We assume that the course will not change in the 30 days.

The following fees are composed for eToro, Coinbase and Plus500:

providersetorocoinbasePlus500
Depositfor free3.99%for free
Purchase fees1.9%1.49%3.08% *
Holding feesfor freefor free0.05% *
Sales charges1.9%1.49%3.08% *
Payout5 USD$ 0.151.9%
Total fees€ 42.20€ 68.24€ 92.32

NOW TO ETORO

The crypto investing is carried out by eToro (Europe) Ltd. and the custody is carried out by eToro Germany GmbH. Your capital is at risk.

What are Ethereum CFDs (Certificates)?

How to buy Bitcoin with Paypal

Especially on pages like these, which want to show full instructions for an Ethereum system, there are always references to so-called CFDs .

With our test winner eToro, you can also trade Ethereum using so-called Contracts of Difference. But before you start indiscriminately, it should be said that this is a financial product for advanced investors.

With them, the trader does not acquire an Ethereum token himself, but only a kind of option to buy or sell the coin. This financial product costs a certain amount, but has the advantage that you do not have to raise the sum of a dry sum to start the investment.

As a result, potentially significantly higher returns are possible. At the same time, the risks also increase. Our introduced broker eToro allows its customers to buy real Ethereum Coins as well as trading the cryptocurrency via CFDs.

So you can either store the coins in the integrated wallet or actively trade and even take short positions without ever having the digital currency in possession.

Recently, various providers have also been offering certain crypto certificates or Ethereum certificates . The offer is still limited here, however, and is often based primarily on Bitcoin.

Are you interested in the topic in more detail? Then we recommend that you take a look at our article: Learning CFDs to trade.

Buy Ethereum as CFD or real cryptocurrency?

We have already described that you should first set your personal investment goals before investing . You are welcome to click again in the section on long-term or short-term investments.

Nevertheless, we want to take another look at whether an ETH CFD or a real cryptocurrency makes more sense.

ETHEREUM ACCEPTED HERE

A CFD has the advantage that you don't have to pay the amount for an Ethereum token to speculate on the price. In the meantime you have to pay a decent sum to be able to call even one coin of the crypto currency your own.

This starting amount is not necessary with a CFD. After all, you don't even buy the coin at all. In this respect, this asset is particularly suitable for price-oriented investors who are not too bad to trade more often and take shorter trading intervals into account.

But: the longer a CFD position is open, the more expensive it becomes. Finally, overnight fees also had to be expected.

Nevertheless , we especially recommend beginners to buy Ethereum themselves . Even if you are wrong with your investment decision, you have at least given a residual value, which is not the case with a CFD paper. Here it means either a good return or a total loss .

You should also use cryptocurrency for long-term positions. It can then simply be stowed in the wallet and it is safely stored. Just don't forget your password.BUY ETHEREUM NOW

The crypto investing is carried out by eToro (Europe) Ltd. and the custody is carried out by eToro Germany GmbH. Your capital is at risk.

Buying Ethereum Stocks: Another way to invest in Ethereum

Have you heard of Ethereum stocks ? They enable an investment in the crypto currency without having to purchase the tokens yourself or realizing risky CFDs.

You just have to know which companies deal with cryptocurrencies. One can also speculate that companies that have so far mainly dealt with Bitcoin will also be able to incorporate Ethereum in the future.

Exciting Ethereum stocks are, for example, PayPal, MicroStrategy or Blackrock. In addition, the crypto exchange Coinbase is currently also working on an IPO, which could make a new Ethereum share possible.

PayPal logo

Buy Paypal stock now

PayPal kicked off a veritable wave of crypto purchases when the payment giant announced it was adding cryptocurrencies to its app. If the offer is also used, PayPal as an Ethereum share will be able to benefit.

Microstrategy logo

Buy software stocks now

The software expert MicroStrategy is, so to speak, one of the early adopters of cryptocurrencies. Ethereum is one of them. In any case, software can be easily combined with the ETH smart contract blockchain.

Blackrock logo

Blackrock share

Blackrock is one of the largest asset managers in the world. The investment company recently announced its intention to invest in cryptocurrencies. Ethereum should therefore also belong to the portfolio.

Ethereum course: important moments in the course of Ethereum

Now we show the historically most interesting points from the Ethereum course:

Ethereum course
  1. 2014 : Ethereum is traded for € 0.64 on Coinbase
  2. June 2015: Ethereum's price rises to € 16.35 in the course of the then crypto bull run in 2015 (1,600% growth).
  3. June 2017: Ethereum's price explodes to € 325 and is gaining global attention for the first time.
  4. January 2018: On January 12 , 2018 , Ethereum reached its all-time high of € 1,183 during the crypto bull run.
  5. May 2018: Ethereum tries to recover from a price slump when the bubble burst and rises briefly by 100%, but immediately falls again.
  6. December 2018: Ethereum reached its then all-time low of € 83.13 during the crypto “winter”.
  7. June 2019: Ethereum increases to € 274 per coin in summer 2019, but decreases again.
  8. March 2020: During the Corona epidemic, Ethereum reached its new low (€ 106 per coin) after the coin rose to € 241 in March.
  9. August 2020: In the current Bull Run, Ethereum stands at € 348 per coin.

BUY ETHEREUM NOW

The crypto investing is carried out by eToro (Europe) Ltd. and the custody is carried out by eToro Germany GmbH. Your capital is at risk.

Trade Ethereum with or without a wallet?

The Ethereum Wallet , for example, can be used directly from the Ethereum Foundation as wallets or a digital wallet can be created as an online wallet from myetherwallet.com .

But the test winner among the wallets is a little surprise! Here is the big Ethereum wallet comparison

Buy Ethereum Paypal: Where to Buy Ethereum Using Paypal

paypal

Various payment methods can be used for Ethereum investment. This also includes the popular payment service provider PayPal. It was only recently that the company announced that it was actively entering the crypto market.

However, it is still not that easy to use the service to buy Ethereum. We have dealt with the topic in detail and thus set up our own Ethereum PayPal Guide .

Here you can find out which offers are best for buying Ethereum with PayPal. But this much can already be revealed: eToro offers the largest selection of payment options.

Is it possible to buy Ethereum anonymously?

anonymity

The nature of cryptocurrencies is such that investors are always concerned with the issue of anonymity . This also raises the question of whether it is possible to buy Ethereum anonymously .

A lot is possible in the market, but you should ask yourself how you want to get your tokens and whether a little bit of security would be desirable in such deals.

Nowadays, pretty much all serious platforms are equipped with so-called know-your-customer registrations . For example, they should prevent money laundering and strengthen general security on the platform.

The purchase is of course no longer anonymous, as you have to provide your personal data. It is not uncommon for verification to be required.

Nevertheless, you may discover some services in the vastness of the Internet that allow you to enter your own Ethereum address and then simply pay to receive coins. It is by no means certain that you will then receive the coins.

Again and again there is fraud with Ethereum, which is why people prefer to refrain from buying Ethereum anonymously .

Can you buy Ethereum without verification?

The question of buying Ethereum without verification also falls in the same direction. Confirmation of the data is once again the basis for many brokers in order to be able to offer services within the European Union at all.

So why should one want to say goodbye to this secure legal ground? Of course, we also know that verification is always associated with a minimum of effort.

PostIdent

In the meantime, however, the data is usually confirmed online. So you have your identity card or passport ready and possibly also an address confirmation and the documents are either uploaded or verified via webcam.

The sale is neither advised Ethereum without verification, nor sensible. It may be possible in individual cases, but we have to warn of dubious offers.BUY ETHEREUM NOW

The crypto investing is carried out by eToro (Europe) Ltd. and the custody is carried out by eToro Germany GmbH. Your capital is at risk.

Can you buy Ethereum without registering?

However, let's make a compromise when it comes to the question of whether you can at least buy Ethereum without registering. That's fine.

However, you first need a seller who would like to change your Ethereum tokens independently. Again, there is a warning against foreign sellers.

Is that what you do if you have transferred your euros in different ways but then did not receive any ETH coins in your wallet? In most cases, you can then write off your money.

But ask your friends if there isn't someone who would like to sell their crypto currencies. In this way, you can close the deal at the current price and on the basis of justified trust.

Cash, other crypto currencies, PayPal or a conventional bank transfer are then suitable as means of payment. Buying Ethereum is possible without registration.

Can you buy Ethereum offline?

Buy crypto offline

Can you buy Ethereum offline? Naturally. You only need one seller. There are now crypto machines in different countries, but these are usually limited to Bitcoin and are only available in small numbers.

And thus it is likely difficult to be Ethereum offline buying . Ask someone you know if there is someone interested in crypto and possibly a few ETH tokens.

We strongly advise against classified ads or doing any business with strangers. They offer the supposedly easy offline purchase of Ethereum, but in the end only sunk the funds without transferring the tokens to you.

In any case, one can ask oneself what is meant by offline at all. After all, the blockchain itself is a digital network that is online at all times. Every transaction is immortalized on this blockchain.BUY ETHEREUM NOW

The crypto investing is carried out by eToro (Europe) Ltd. and the custody is carried out by eToro Germany GmbH. Your capital is at risk.

How to Resell Ethereum: Our Guide to eToro

Sure, this page is mainly about buying the cryptocurrency Ethereum. But what is best to do when prices conquer one high after the other? You use the good mood to sell .

So let's check out how to sell Ethereum again.

First step: Register with eToro

eToro registration

First, log into your eToro account . If you don't have one yet, follow our previous guide to learn more about registration.

The log-in works with a username and password.TO THE ETORO REGISTRATION FORM

The crypto investing is carried out by eToro (Europe) Ltd. and the custody is carried out by eToro Germany GmbH. Your capital is at risk.

Second step: Navigate to the trading window

We can now type the abbreviation ETH into the corresponding search field. So the Ethereum trading window will open. A click on the “trade” button lets us determine how many tokens should be sold .

Attention, there is a difference between real cryptocurrencies and CFDs . If you don't have Ethereum Coins yet, you can still sell by taking a short position. This can be realized with a CFD. You also have to differentiate between Ethereum and Ethereum Classic in order not to carry out a wrong transaction.

If you have already deposited Ethereum coins in your account, you can also sell the cryptocurrency yourself.

Sell ​​Ethereum

Optional: Send coins to the eToro wallet.

Would you like to know how you can even send your tokens to eToro? Read more about this in our eToro wallet instructions .TO REGISTER WITH ETORO

The crypto investing is carried out by eToro (Europe) Ltd. and the custody is carried out by eToro Germany GmbH. Your capital is at risk.

Buy Ethereum Conclusion

Every time you buy Ethereum, you should check whether it is a licensed platform. If not, there may be little chance of getting your money back after making a deposit.

For this we recommend our test winner eToro : This is a licensed provider that offers the best conditions when buying Ethereum!

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