How To Buy Ethereum UK – Buy Ethereum In Under 5 Minutes
Ethereum is the second-largest cryptocurrency in terms of market capitalization – so it makes sense that plenty of people in the UK are looking to buy this popular digital asset. You do, however, need to ensure that you buy Ethereum from a trusted brokerage site that offers competitive fees and your preferred payment type.
In this guide, we show you how to buy Ethereum in the UK in a low-cost and secure manner.
#1 Broker to Buy Ethereum – eToro
How To Buy Ethereum – Choose a Broker
The best way to buy Ethereum in the UK is through an online cryptocurrency broker. The best platforms in the space allow you to buy ETH with a debit or credit card at low fees.
Below you find the five best brokers that allow you to invest in Ethereum in the UK.
- eToro – Overall Best Broker to Buy Ethereum UK
- Capital.com – Trade ETH Against Fiat Currencies
- Alvexo – Invest in Ethereum CFDs with a Regulated Broker
- Margex – Best ETC Derivatives Trading Exchange with 100x Leverage
- Coinbase – Best Broker to Buy Ethereum for Beginners
- OKEx – Best Low-Cost Broker to Buy Ethereum UK via a Crypto Deposit
- Binance – Best Broker to Buy Ethereum for Asset Diversity
- Coinjar – Best Broker to Buy Ethereum UK for Those on a Budget
We review the above Ethereum brokers further down in this guide!
How to Buy Ethereum in the UK – A Quick Guide For 2022
If you simply want to learn how to buy Ethereum right now without reading our guide in full – follow the four-step walkthrough below!
- Step 1: Open an Account with eToro – Open an account with eToro – which is a low-cost crypto broker regulated by the FCA.
- Step 2: Upload Your ID – Upload a copy of your passport or driver’s license and proof of address – such as a utility bill or bank statement.
- Step 3: Deposit Funds – Deposit funds into your eToro account with a debit/credit card, bank transfer, or e-wallet.
- Step 4: Buy Ethereum – Enter ‘Ethereum’ into the search box, click ‘Trade’ and enter the amount you wish to invest (in USD).
As soon as you click on the ‘Open Trade’ button – your Ethereum purchase is complete! At this stage, there is nothing more for you to do – as you can leave your ETH tokens within your eToro portfolio until you decide to cash out.
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
Where to Buy Ethereum in the UK
If you want to buy Ethereum in the UK in a safe and low-cost manner – you’ll need to open an account with a quality broker. There are hundreds of platforms that allow you to buy, sell, and trade Ethereum – so choose wisely. Key factors to focus on should include regulation, fees, payments, customer support, and minimum deposits.
Below you will find a selection of the very best platforms that allow you to buy Ethereum in the UK.
1. eToro – Overall Best Broker to Buy Ethereum UK
eToro is a clear winner for us – with the online broker now home to over 20 million investors. The platform is simple to use – so if this is your first time buying cryptocurrency online – you are in good hands. The first step is to register an account and make a deposit – which needs to be at least $200 – or about £140.
You can facilitate your eToro deposit instantly with a debit or credit card. E-wallets are also supported – which is inclusive of Paypal, Skrill, and Neteller. If you wish to fund your account via a bank transfer – this is also an option. Either way, once you have made a deposit, you can buy Ethereum at a minimum stake of just $25 – or about £18.
This is ideal, as you can buy Ethereum in the UK without needing to risk a large amount of capital. Plus, as eToro offers a wide selection of other digital currencies – you can diversify with ease. This includes the likes of Bitcoin, Ethereum Classic, Ripple, Uniswap, Dogecoin, Litecoin, and more. When it comes to pricing, you will pay just 0.5% to fund your account. There are no commissions at eToro – so you will simply pay the ‘spread’ when buying Ethereum.
If you are looking to invest in the wider cryptocurrency arena but you have little experience of how things work – you might consider using the eToro copy trading feature. This allows you to select a successful eToro investor and then copy their trades. For example, if you invest $500 into the trader and they allocate 10% of their capital into a Litecoin buy order – you will automatically stake $50 on the position.
There are also social trading tools that allow you to communicate with other eToro investors in a public setting. On top of digital currencies, eToro also offers traditional asset classes. For example, you can buy thousands of commission-free shares and ETFs from 17 UK and international stock exchanges. The platform also offers CFD trading facilities on indices, forex, precious metals, and energies.
Perhaps the most important thing about choosing eToro to buy Ethereum in the UK is that the broker is heavily regulated. In fact, the platform is authorized and licensed by three financial bodies – the UK’s FCA, CySEC in Cyprus, and ASIC in Australia. This ensures that you can invest in Ethereum and other assets without needing to worry about client safety. Finally, eToro also offers a fully-fledged trading app on iOS and Android – which allows you to buy and sell assets on the move.
- Invest in cryptocurrencies on a spread-only basis
- Buy thousands of UK and international stocks at 0% commission
- Minimum investment per trade from just $25
- Supports debit/credit cards, e-wallets, and local bank transfers
- Regulated by the FCA, CySEC, and ASIC
- Used by over 20 million people
- Perfect for beginners
- Social and copy trading tools
- Perhaps too basic for technical traders
- No support for MT4 or MT5
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 68% of retail investor accounts lose money when trading CFDs with this provider.
2. Capital.com – Trade ETH Against Fiat Currencies
When it comes to online investing, few platforms can compete with Capital.com.
If you’re looking for a user-friendly online broker that enables commission-free investing, Capital.com is an excellent choice.
With over 6,100 markets to choose from, you can invest directly in global stocks and ETFs or trade CFDs with leverage across a wide range of asset classes.
So whether you’re interested in cryptocurrencies, commodities, shares, or indices, Capital.com has you covered. And because they’re constantly innovating, you can be confident that you’re getting the latest features and functionality with Capital.com.
With over 200+ markets supported and new ones being added all the time, it’s clear that this is a serious investment platform that offers its users a vast amount of choice.
Not only can you trade major cryptocurrencies like ETH against fiat currencies, but you can also trade crypto-cross pairs, meaning there’s always an opportunity to make a profit.
But it’s not just the choice of markets that makes Capital.com so unique – it’s also the fact that this is a highly user-friendly platform that’s been designed to help you make the most of your investment.
Whether you’re a beginner or an experienced investor, you’ll find that the Capital.com platform is easy to use and navigate.
With a minimum deposit of just $20, you can start trading immediately – and there are no withdrawal or deposit fees.
Capital.com pride itself on giving its clients the best possible prices on spreads. With a variable spread platform, you can be sure that you’re getting the best possible price on your trade during standard market hours.
Whether you’re trading forex, ETFs, or commodities, Capital.com has an instrument for you.
Plus, with 24/7 customer support available, you can always get the help and guidance you need.
- 0% commission on all markets