Ethereum (ETH) has breached the $4000 mark as per the latest development in the crypto world, reaching a new peak for the third consecutive day. With a jump of more than 350% in price this year, Ethereum has the second-largest market capitalisation at $410 billion after Bitcoin. At the time of writing this article, Ethereum rallies around $4,149.
Ethereum: What you need to know?
Ethereum was proposed in 2013 by programmer Vitalik Buterin. The development was crowdfunded in 2014, and the network went live on 30 July 2015, with an initial supply of 72 million coins. The platform allows developers to build and operate decentralised applications that users can interact with.
Ethereum is known for its ability to build smart contracts, which are contracts that run exactly programmed without the possibility of any downtime, fraud, censorship, or third-party interference.
Ethereum’s decentralised finance (DeFi) applications provide a broad array of financial services without the need for typical financial intermediaries such as brokerages, exchanges, or banks.
Since it’s programmable, you can also use it for lots of different digital assets. It’s a marketplace of financial services, games, and apps that can’t steal your data or censor you. Notably, Ether (ETH) is the cryptocurrency of the Ethereum network.
How to buy Ethereum in the UK?
Well, if you are planning to jump into the crypto world for the first time, particularly for Ether, we have compiled a list of platforms where you can buy ETH easily and cheaply in the UK.
Binance is one of the best platforms to buy Ethereum (ETH) in the UK with UK bank transfer. Launched in 2017, it is one of the biggest and popular cryptocurrency exchanges in the world with around 15 million users.
You can buy ETH by depositing GBP on Binance through bank transfers with low fees (up to 0.1%). Besides Ethereum, you can also buy Bitcoin (BTC), Ripple (XRP), and other cryptocurrencies.
Coinbase Pro is the second-best option to buy Ethereum if you are in the UK. The crypto exchange accepts GBP deposits through UK Faster Payments Service (FPS). You can buy Ethereum with GBP with a fee a little bit higher than Binance – 0.5%.
CoinJar is the third option, we would suggest you if you want to buy Ethereum. however, here you have to pay a 1% fixed fee and 0.5% additional fee in the exchange rate. Even though it is comparatively expensive, CoinJar is more suitable for beginners.
On this platform, you can buy ETH through a debit or credit card at a fee of 2.99%. This is expensive compared to other above-mentioned options. This platform allows you to store, transfer, and exchange between 100+ cryptocurrencies and your local currency. The platform has over 10 million users.
Previously known as LocalEthereum, LocalCryptos is a P2P marketplace, where you can buy and sell cryptos with people directly. The crypto exchange accepts most of the payment methods including UK Bank Transfer, PayPal, and other similar services.
Apart from the above-mentioned options, you can also buy ETH directly with GBP in the UK on these platforms: Wirex – 2.5% fee; Bittylicious – 4% fee; Coinbase – 4% fee; BC Bitcoin – 5% fee; Cryptomate – 6% fee
For those looking to explore Coinbase platform, here are some top cryptocurrencies to buy on the platform. If you’re the one who’s interested in Dogecoins, here’s how you can buy them easily in the UK.