Review on how to buy etherium in 2022

how to buy etherium

Ethereum (ETH) is also called Ether and was founded in 2015 by programmer Vitalik Buterin. Ethereum successfully transitioned to ETH 2.0 and Proof-of-Stake on September 15, 2022! If you want to know where the best place to buy Ethereum is, you’ve come to the right place. The experts explain how to buy ETH quickly, safely, and with minimal fees.

How to buy Ethereum: a wide range of crypto platforms to choose from

When it comes to buying Ethereum, you will quickly find that there are many different options available. They can be roughly divided into the following categories:

  • Cryptocurrency brokers and CFD brokers
  • crypto exchange
  • cryptocurrency wallet
  • Mobile crypto app
  • Decentralised exchange
  • P2P marketplace

Throughout this article, we’ll delve into them and explain how and where the best way to buy ETH in 2022 is.

Ethereum broker: the fastest way to buy ether

One of the fastest ways to buy Ethereum is through online brokers. Not only are transactions instant and there are no waiting periods, but they also have a number of other benefits, some of which we already mentioned in our top pick.

how to buy etherium

Ethereum CFDs and their pros and cons

We have mentioned the word “CFD” several times, but you may not be familiar with it. We have a detailed guide on Ethereum CFDs on our website. In short, a cryptocurrency CFD means a contract for difference for cryptocurrencies. And that’s the difference between trading CFDs on Ethereum and buying “physical” Ethereum:

  • Buying Ethereum means buying real digital coins. You can keep them for a long time or use them for other purposes, such as exchanging them for other cryptocurrencies or buying them with NFT.
  • Trading CFDs on Ethereum means profiting from the difference in price by betting on a rise or fall in the exchange rate. This method is associated with margin trading (leveraged or leveraged trading), which is considered to be very risky and therefore only suitable for experienced traders.

Buy Ethereum with leverage

When we talk about leverage or margin trading, it means taking short-term credit from a broker for a speculative trade order. This allows you to complete the trade with a higher amount. For example, if you trade Ethereum with 1:20 leverage, the initial amount would be multiplied by x20. For example, for $100, you would trade Ethereum for $2,000, even though your own bet is only $100.

Buy Ethereum from DEX crypto exchanges

Unlike regulated crypto exchanges and brokers, so-called DEXs (decentralized exchanges), i.e., decentralized crypto exchanges, are not owned by any company. To buy Ethereum without registration, you only need an Ethereum wallet. But note that you cannot make deposits here in fiat currencies such as US dollars or euros.

Instead, you need to buy ETH using another cryptocurrency or stablecoin, such as USDT (Tether). Alternatively, you can also use the native coin of the relevant exchange.

Buy Ethereum from P2P marketplaces

A slightly different method of buying Ethereum is through so-called P2P marketplaces. P2P stands for peer-to-peer, meaning person-to-person. Here, private buyers and sellers trade with each other, and the marketplace itself acts as an escrow service.

How to buy Ethereum in 2022

Now you have clarity on which crypto platforms offer Ethereum. But what about the best way to pay? Below, we give an overview of the options available for buying Ethereum.

how to buy etherium

Buy Ethereum with SEPA

Most buyers are familiar with bank transfers. To buy Ethereum with a bank transfer, you need to look out for the word SEPA on cryptocurrency platforms. It is an acronym that stands for Single Euro Payments Area and refers to transfers within the Eurozone. You can buy Ethereum via bank transfer from most providers, but it can take several days.

Buy Ethereum with SOFORT

You can use third-party providers such as SOFORT to save time with bank transfers. If you want to buy ETH with SOFORT, all you need are your bank account details. The transaction is lightning fast and usually requires no additional cost.

Buy Ethereum with PayPal

The safest way to buy Ethereum is via PayPal, as this payment service allows you to open disputes and get refunds if something goes wrong. But because this feature is often abused, there are very few crypto platforms where you can use PayPal to buy Ethereum. The good news is that you can use PayPal. You can then easily buy and sell Ethereum using it.

Buy Ethereum with a credit card

You can also buy Ethereum with a credit card by topping up your balance. You can also buy Ethereum with a credit card from almost all crypto exchanges.

Buy Ether with Paysafecard

Paysafecard is a payment card (a type of prepaid credit card) that has a certain amount loaded onto it and can be purchased at many shops, gas stations, and supermarkets. If you want to buy ether with Paysafecard, you just need to find a platform that supports it. This is the case with some P2P marketplaces, for example.

Buy Ethereum anonymously – is it possible?

Before you can buy ether, you must first register with a cryptocurrency broker such as or an Ethereum exchange such as Binance and upload a photo of your ID and proof of address. This is required by EU regulations, which are tough on money laundering. So if you want to buy ethereum anonymously, it won’t be that easy.

how to buy etherium

On the other hand, it’s understandable that you don’t want to send your ID card over the Internet. Below, we explain what you can do.

Should I buy or sell Ethereum?

This is the question many investors are asking themselves right now. We have compared the pros and cons to help you decide whether to sell or buy Ethereum. Note that you can sell Ethereum even if you don’t have the cryptocurrency—with a CFD broker, for example.

Petros Lorelis
Author and expert: Richard Urban
LinkedIn: Richard Urban