Finance

3 Ways to Buy Ethereum in 2020

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Cryptocurrency is popular all over the world and people are investing more and more on it. Ethereum succeeds in the list of cryptocurrencies after Bitcoin. It is the 2nd largest cryptocurrency chain. It is a completely decentralized open-source platform that uses a blockchain system to invest in its cryptocurrency Ether. People are investing and deciphering methods to buy Ethereum. Buying Ethereum and investing in it is a very good idea. There are plenty of ways for doing so. You can buy Ethereum with PayPal, Credit or Debit Cards, or with Bitcoin. The details of the three procedures are mentioned below.

This article does an in-depth discussion on how to buy Ethereum with PayPal, Credit/Debit Cards, and Bitcoin.

How to Buy Ethereum?

1.Using PayPal

PayPal has been a mode of online money transfers for long. It runs in almost every country in the world. The global presence of PayPal makes it an ideal place to buy Ethereum from.

The process of buying Ethereum using Paypal is a bit long and twisted. It also requires you to pay some extra money. You can then use these Bitcoins to invest in Ethereum. Sites like Coinbase pro help you in the exchange of the bitcoins.

Buying Ethereum with PayPal is easy but is costly. You will have to pay transaction fees of 15%. So, use this option only if you are willing to pay so much money.

2.Using Credit or Debit Cards

Many sites on the Internet support this service. It is the easiest way to purchase Ethereum. Most of the popular Ethereum exchange sites adopt this method of investing in Ethereum. Few such sites are:

  1. Coinmama
  2. eToro
  3. io
  4. Coinbase
  5. Bitpanda

These sites charge you transaction fees of around 1.3% – 4%. Using this method of investing is easy and less time-consuming.

3.Using Bitcoins

A fact that is unknown to most of us is that Ethereum can be bought using Bitcoins. The second way is to get bitcoins exchanged for Ethereum in any cryptocurrency exchange. This method too is widely popular as the global exchange volume for Ethereum is the ETH/BTC pair (Ethereum/Bitcoin pair).

Conclusion

Investing in Ethereum and other cryptocurrencies can prove to be helpful in the year 2020. These are a safe investment. You should try one. Try buying Ethereum using these methods and see for yourself which method is the most convenient one.

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