Cryptocurrencies have radically changed the idea of humanity about a fair financial system. A network that works without the mindless and uncontrolled printing of money does not require an intermediary in making money transfers that cannot be rolled back and make backdated entries. Blockchain has entered our lives forever, forcing governments and banks to reckon with it, rebuilding their hardened and often corrupt systems to new trends. Now you can anonymously buy and sell cryptocurrency from the comfort of your home. This can be done even with the app.
There are two undisputed leaders in the cryptocurrency niche: Bitcoin and Ethereum. We can say that thousands of other coins are equal to them and a large extent, some kind of clones of the leaders. Projects that offer radically new solutions can be counted on one hand. Although Ethereum is inferior in terms of capitalization to the first cryptocurrency, experts see a huge growth potential for this coin. Analysts do not exclude the active growth of the cryptocurrency price at the end of the year. That is why it looks so promising to buy Ethereum with credit card now to sell it after the growth rate.
How to Buy Ethereum?
There are several options for buying a coin, each with its advantages and disadvantages. When choosing how to buy Ethereum with debit card, it is worth considering that the fees for transferring the coin are now quite high and amount to more than $10. Ethereum transfers will become cheap only after the blockchain transition to the ETH 2.0 version and the PoS algorithm. The event is expected by the end of 2022. Switchere users will soon be able to exchange and buy cryptocurrency easily. The company is a licensed financial services provider with guaranteed compliance and secure infrastructure for fast and fair price cryptocurrency exchange services.
Centralized Exchanges
This is one of the legal ways to buy ETH with credit card, avoiding tax authorities and anti-money laundering issues later. Any large centralized crypto exchange now requires you to go through the verification procedure, and only after that will it allow you to buy cryptocurrency. This is what most reputable resources do, including Switchere. The purchase process is quite simple: fiat money from the user’s card is credited to the exchange account, and Ethereum are bought with them.
Exchange Services
Do not confuse with ordinary exchangers. Much information has been found. These are solid portals operating worldwide, licensed to operate in the EU, North America, and the UK. An example is the PayBis service, which offers a simple and convenient way to buy Ethereum online directly from a debit or credit card.
DEX
Decentralized exchanges appeared largely thanks to Ethereum. This coin stood at the origins of decentralized finance, the rapid development of which took place in 2020-21. If in February 2020, about a billion dollars were deposited in the De-Fi segment, then in May 2021, the number of blocked funds exceeded 100 billion. You can buy Ethereum on a decentralized exchange for stablecoins (USDT, DAI, USDC, and others), or you can buy ETH with debit card. It is worth considering that exchange fees for Uniswap (the leader in the DEX segment) will now cost more than 50 USD.
OTC
Over-the-counter exchange is practiced by large buyers, the so-called. “whales” who do not want to bring down the exchange rate of Ethereum or bitcoin by buying millions of dollars worth of cryptocurrency. The transaction is made outside the exchange for a large amount of money. Usually, a centralized crypto exchange provides a cryptocurrency for the operation. The procedure is somewhat similar to VIP-exchangers, but the amounts are hundreds and thousands of times smaller, although decent enough for an ordinary person. Search the listing portal for the most reputable OTCs.
Final words
The purchase of Ethereum can be made in any way convenient for the user, there are good and reliable services on the Internet. Each option has its pros and cons. The most reliable way should be considered to purchase crypto coins through popular exchange platforms with subsequent storage in a hardware wallet. They look like app for your smartphone and allow you to make transactions instantly. Buying Ethereum does not require special knowledge. You can get comfortable with the interface of popular crypto exchanges in a couple of minutes. However, when buying Ethereum, you must consider transaction and commission costs. In addition, a trader needs to remember information security and use reliable Internet services.
