With a market capitalisation in July 2022 of over \u00a3150 billion, Ethereum (ETH) is the second leading form of cryptocurrency behind Bitcoin (BTC).<\/p>\n
In common with other crypto currencies, Ethereum<\/a> as been adversely affected by the recent \u2018crypto winter<\/a>.\u2019 In the past year, its price as been as high as \u00a33,636 and as low as \u00a3733. In July 2022 it has been trading around the \u00a31,200 mark.<\/p>\n Here\u2019s how to get started buying Ether, the official name of the token more commonly called Ethereum because of its association with the Ethereum platform that it powers.<\/a><\/p>\n Investing in Ethereum may be easier than you think. Here\u2019s how to get started in just five steps:<\/p>\n There\u2019s no getting around it \u2013 buying Ethereum is a gamble. While all investments have some risk associated with them, cryptocurrencies<\/a> are especially vulnerable to price fluctuations. Just think about the impact a couple of hundred characters can have on crypto pricing: when Tesla boss, Elon Musk, tweeted last year that his company would no longer accept Bitcoin<\/a> as payment, for instance, the coin\u2019s value tumbled 15%.<\/p>\n Although Ether has had impressive returns in the past, it\u2019s also had some significant crashes, sometimes in astonishingly short amounts of time. Notably, it went from a high of almost \u00a33,000 per coin in May 2021 to less than \u00a31,300 a month later, a drop of more than 50%. That\u2019s some pretty extreme volatility.<\/p>\n That\u2019s why it\u2019s important to consider your risk tolerance along with the diversity and stability of the rest of your investment portfolio before buying Ether. Experts recommend that you never invest more in crypto than you can afford to lose.<\/p>\n Buying Ether is more complicated than just buying shares or collective investment funds through your brokerage account. Cryptocurrencies aren\u2019t traded on major exchanges like those of London or New York, and many brokerages don\u2019t offer crypto investing.<\/p>\n To buy crypto, you have to first create an account on a crypto exchange. Practically speaking, it\u2019s just like the brokerage platforms you may be more familiar with: Crypto exchanges<\/a> allow buyers and sellers to exchange fiat currencies \u2013 such as pounds and dollars, for example \u2013 for cryptocurrencies<\/a> such as Ethereum<\/a>, Bitcoin<\/a> or Dogecoin<\/a>.<\/p>\n Featured Cryptocurrency Partner<\/p>\n Cryptocurrencies Available for Trade<\/p>\n 60+<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.<\/p>\n<\/div>\n<\/div>\n If you don\u2019t already have a crypto exchange in mind, take a look at our list of best cryptocurrency<\/a> exchanges to find the one that\u2019s right for you. Though some exchanges\u2019 trading platforms can be complex, most offer a simple purchase interface for beginners, though it may charge higher fees than the main trading platform.<\/p>\nBuying Ethereum<\/h2>\n
1. Determine Your Level Of Risk<\/h3>\n
2. Choose A Crypto Exchange<\/h3>\n