Investing in Ethereum
Investing in Ethereum can be done by opening a crypto wallet and finding a centralized exchange that allows buying and investing in Ethereum in your region. Major exchanges like Coinbase, Kraken, Binance, Bitfinex, Bitstamp, and eToro offer custodial wallet service.
After purchasing Ethereum, it is advisable to transfer it to a private wallet to ensure its security. Private Ethereum wallets include Jaxx, MetaMask, Atomic Wallet, Exodus, and MyEtherWallet (MEW). For more security, it is best to get a dedicated hardware wallet by Ledger or Trezor. Peer-to-peer (P2P) exchanges also allow buying and selling Ethereum based on mutually agreed arrangements.
LocalCryptos is a popular P2P platform, but caution should be exercised to avoid scammers. Instant cryptocurrency exchanges like Changelly, ChangeNOW, and Switchere allow you to buy and exchange cryptocurrencies without depositing funds into a custodial wallet.
Ethereum’s market is volatile and riskier compared to traditional investment enterprises, so investing for the long-term is the best approach.