How to Buy Ethereum With Cash – A Full Beginner’s Guide

Ethereum is the second-largest cryptocurrency in the world by market cap, just behind Bitcoin. As such, it is no surprise to see that it has attracted big attention from investors as a nice alternative to Bitcoin. Ether is the native cryptocurrency in the Ethereum network, so that is what you will be after.

When it comes to actually purchasing Ether assets to use and gamble at Online Casino, there are several factors novices in the industry must be aware of, such as the legal status of cryptocurrencies in the country they reside. However, regulatory framework aside, it is now easier than ever to buy Ether, and you have several ways to do so. Let’s explore them all in more detail.

A Crypto Exchange Platform – Ideal for Beginners

Arguably the easiest way to get your hands on Ether is through a crypto exchange platform. It is also the way we would suggest you go if you are completely new to the crypto world. Crypto platforms will also serve as a wallet, so they will keep your Ether assets safe.

Furthermore, exchange platforms are handy if you would later like to trade with cryptocurrencies more often. When choosing a crypto exchange platform to purchase Ether, don’t forget to check whether it accepts fiat currencies.

With that in mind, here are some of the renowned international crypto exchanges that allow cash-to-crypto transactions include:

• Coinbase
• Binance
• eToro
• Bitstamp
• Kraken
• KuCoin

We encourage you to take a look at the platforms above, compare and choose one. When you are done, follow the next few steps to get your hands on the second-largest cryptocurrency.

P2P Platforms

Moving on, if you would like to be more in control over your assets, then we suggest you consider a P2P platform. It is a decentralized exchange platform that allows all users to trade without intermediaries.

You can facilitate ETH trades with other users and negotiate on the terms, which is welcome for plenty of crypto traders. P2P platforms are completely safe, as all transactions occur across a blockchain network.

The process of buying ETH from a P2P platform does not differ much from what you need to go through with centralized exchanges:

1. User registration – the first and the most obvious step is that you have to create an account on the platform.
2. Search for offers – everyone who sells ETH can list their offer with trade details. All offers are stored on the platform in marketplace style, so you can search for them and view all details.
3. Initiate secure trades – once you find an offer that suits your preferences, you can initiate a trade request by following the on-screen instructions.
4. Interaction – you will be able to interact and negotiate with the seller and agree on a payment method and other trade details. You can even agree on a face-to-face meeting.
5. Escrow – to ensure that the transaction goes smoothly, the platform will keep your funds in escrow.
6. Confirmation and release – when the two parties reach an agreement over the trade terms, your funds will be released from escrow and the seller will release the ETH assets. This is an instantaneous process, so you will get your hands on ETH in no time!
7. Feedback – an important aspect of P2P platforms is the rating and feedback. If you are happy with how the transaction went, don’t hesitate to let everyone else know and give it your thumbs up!

With all this in mind, to save you valuable time on research, here are our recommendations for an Ethereum P2P platform:

• LocalEthereum
• Aave
• Compound
• Fulcrum

Crypto ATM – A Seamless Option

Last but not least, you can buy ETH with cash directly from a crypto ATM. Almost every country in the world has a certain number of such ATMs, and you can use specialized apps such as CoinATMradar.com to find the nearest one.

Here is how the process of buying ETH via a local crypto ATM with cash would roughly go:

1. An Ethereum Wallet – you need to find yourself a software ETH wallet that you can use to store your ETH assets. Trezor and Ledger are good choices.
2. Find an ATM – use the app mentioned above (or any other reputable one) to find a crypto ATM near you.
3. Make an order – follow the onscreen instructions on the ATM and choose ETH as your cryptocurrency. Note that you might need to provide proof of ID at some crypto ATMs, so have your identification documents with you!
4. Scan the QR code to complete the purchase – scan your wallet’s QR code, insert cash into the crypto ATM and confirm the transaction.
5. Receive Ether – once you confirm the transaction, you will instantly receive Ether in your wallet!

As you can see, all the options above lead us to one conclusion – buying Ether with digital or physical cash is a walk in the park!