How to Buy Ethereum in the UK
How to buy Ethereum in the UK
How to buy Ethereum in the UK Ethereum, the world’s second largest crypto, is relatively simple in the UK. You’ll need to create an account with a reputable cryptocurrency exchange like eToro or Coinbase, which are both FCA-registered in the UK and have strong reputations among users. Once you’ve opened an account, fund your new digital wallet using one of the available payment methods (typically bank transfers and cards). Then, navigate to the “Trade” or “Market” section on the platform and search for Ethereum (ticker symbol: ETH).
How to Buy Ethereum in the UK: Step-by-Step for Beginners
Once you find the ETH you want to buy, enter a trade order with the quantity that you would like to purchase and select your preferred trading settings. Remember to set a stop loss and take profit levels for your orders, and consider the market’s current trend before placing your buy order. Also, always check the fees charged by the exchange for depositing and withdrawing fiat. Finally, always transfer your Ethereum from the exchange to a secure wallet once purchased. Most major crypto hacks in recent history have targeted exchanges, so keeping your assets in a personal wallet can help protect you against theft. You can choose between ‘hot’ wallets that work on Internet-connected devices like computers and phones or ‘cold’ wallets which are stored on external devices, such as USBs or hard drives. You should also enable 2-factor authentication (2FA) for added security.…