How to Buy Ethereum (ETH)
One of the most ambitious cryptocurrencies to date, Ethereum was launched in 2014 to decentralize products and services in a broader array of use cases beyond money.
Often advertised as a “world computer,” Ethereum is rather a software that enables new kinds of programs to be run on its global network of computers, programs that, like Bitcoin transactions, cannot be censored or shut down due to the distributed nature of its design.
This is why hundreds of new cryptocurrencies have been so far released on top of Ethereum, some of which you can buy on Kraken including Augur, Basic Attention Token and more.
For those of you who are new to the world of cryptocurrency, we’ve put together this handy guide to teach you how to buy ether, Ethereum’s cryptocurrency, quickly, easily and securely.
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If you’re up to speed on Ethereum and just want to start investing right away, click the button below to begin.
Why buy Ether?
Today, the Ethereum blockchain is used to power applications that do everything from automate financial services (such as lending and borrowing) to enable blockchain versions of traditional currencies (like USD-C and Paxos Standard).
As these crypto-assets run on Ethereum, they need to buy and send ether to use Ethereum’s computing network, creating demand for the asset. This has given rise to the idea that ether is akin to a digital oil, a finite resource that must be used to generate economic activity.
How to buy Ethereum.
Ethereum can be bought directly on our marketplace, or converted from digital currencies on our cryptocurrency conversion service. This means you can buy ETH with ZAR, EUR, NGN, GBP, AUD, and many more. Supporting 25 countries, ETH can be bought using the most convenient local payment method; including bank transfers, PayPal, TransferWise, supported fiat deposits, direct deposits, and M-Pesa. Credit card payments are coming soon.
How to sell Ethereum.
Ethereum can be sold for BTC or other cryptocurrencies via the Coindirect conversion service. If you are located in one of our other 24 supported countries, you can instantly sell your ETH by selecting the best buy offer from vendors in your country or you can set up a sell offer on our marketplace. Ethereum can also be traded in real time against other digital currencies on our cryptocurrency exchange.