Title: how to buy etherum
1How to buy Ethereum
2How to buy Ethereum
- Setting Up a Wallet to Buy Your Ethereum
- The first priority of business with Ethereum is
to set up an online wallet where you can move
your Ethers from a cryptocurrency exchange to
storage for safe keeping. - Coinbase and MyEtherWallet are popular online
wallet choices.
3How to buy Ethereum
- Sign up for an online wallet if you want easy
access
- If you only plan on purchasing a small amount of
Ethereum, and don't want to keep it as a
longer-term investment, an online wallet may be a
better option for you, even with the security
vulnerabilities.
4Write down your public and private keys
How to buy Ethereum
- You'll need the public and private keys to your
Ethereum wallet to deposit the Ethereum you buy
into your wallet. You"ll use the public key to
send your Ethereum from the exchange to your
wallet, while the private key gives you control
over your cryptocurrency and the ability to spend
it or transfer it elsewhere
5Find out if your Bitcoin exchange also has an
Ethereum market.
How to buy Ethereum
- From the home page of each online exchange, you
can determine what cryptocurrencies that exchange
supports. - If you didn't purchase your Bitcoin using an
online exchange, or if you no longer have an
account on an online exchange, you'll have to set
up an account before you can buy Ethereum with
your Bitcoin.
6Transfer your Bitcoin to your exchange account
How to buy Ethereum
- The amount of time it will take for your Bitcoin
to appear in your exchange account depends on
network traffic. Typically it won't take longer
than an hour
7Complete your order for Ethereum on the exchange
How to buy Ethereum
- You also have the option of limiting the price
you'll pay for Ethereum. However, if you set a
limit your order won't be processed if no one is
willing to sell Ethereum to you at that price.