How Can I Buy Ethereum in the USA?

The world of blockchain and cryptocurrencies is going to change the way we do business. Since their inception, cryptocurrencies have become very popular. Nowadays, people are trying their luck in this new and innovative ecosystem in order to find various ways to maximize their profits. One of the most common ways is to purchase Ethereum from an exchange. There is a cryptocurrency overview of exchanges that allows people to purchase Ethereum at lower prices.

Using Ethereum in the USA

Ethereum is one of the most promising cryptocurrencies that aims at eliminating the intermediaries in the digital economy. This decentralized and open-source technology allows a user to participate in a virtual economy. The concept is simple. Instead of relying on banks and other third-party financial institutions to manage transactions, blockchain technology allows them to be transparent, secured, decentralized, and immutable. As a result, users can store, trade, and transfer money quickly and securely. They can buy Ethereum easily and fast.

In the world of digital payments, there are many ways to use cryptocurrencies to make transactions. The most common way is to use Bitcoin. When Bitcoin reached its peak value of USD 3,5000 in late 2017, many crypto enthusiasts got very interested in it and even more so with Ethereum. At that time, Ethereum's value was USD 600. This value is higher than most altcoins.

Even though cryptocurrencies may have a higher value in the digital market, they are prone to price fluctuations because of the volatile nature of cryptocurrencies. To increase their value and protect their user's investment, many businesses, individuals, and governments have moved to use other cryptocurrencies. Many users prefer to invest in Bitcoin rather than Ethereum. However, more and more people are now turning to Ethereum as it offers a wide variety of digital services.

Many business houses have begun using Ethereum in exchange for goods and services. In order to invest in Ethereum, you will need to understand the fundamentals, technical aspects, and how cryptocurrency works. In this guide, we will tell you how to purchase Ethereum in the USA and how to invest in Ethereum so that you can get maximum profits.

Buying ETH in the USA

It is now possible to buy cryptocurrency in the USA. Although you can buy ETH by wire transfers to bank accounts in the United States (US) through some exchanges; however, such transactions are restricted to large transactions of over $15,000.

Thus, the main options for buying on Changelly in the USA/EN are credit cards. In fact, popular credit cards such as Discover, American Express, Visa, and MasterCard are the main players in the credit card industry. They give a lot of incentives, including the ability to earn or burn reward points for buying particular products.

If you wish to buy ETH with credit cards, you can go directly to Coinbase and log in using your email and credit card. For the best security on your wallet, Coinbase will ask you to enable two-factor authentication, which requires a code from your phone via SMS and a pin. Note that Coinbase does not charge any fees for card purchases.

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If you don't have a Coinbase account yet, you can learn how to register and get your free $10 bonus on Coinbase and begin purchasing Ethereum with your credit card. The main problem is the lack of ETH/USD spot trading, which forces you to trade ETH with other cryptocurrencies or USD:

• For example, if you are looking to purchase $300 of ETH, the spot trading is quite tricky because if the current ETH price is between $850 and $900, you can buy ETH only if you are willing to pay between $10 and $20;

• In case the current ETH price is around $900 and you wish to buy $300 of ETH, you need to open a margin trading account on Coinbase in USD and wait until it can buy $300 ETH with USD;

• If you don't have a margin trading account, you can trade ETH/BTC or ETH/LTC (Ethereum based cryptocurrencies), which are the most popular platforms to exchange cryptocurrency where you can trade ETH directly.

Note that ETH trading fees are much higher than USD trading fees. For example, on Changelly, trading fees are around 2.3% compared to Coinbase's 1% for ETH. If you choose the latter, you will receive an email from Coinbase to activate your wallet and confirm your email. Before you confirm your wallet, make sure to change your password by entering it.

When the confirmation email is received, you are now logged in on the Coinbase website and can buy Ethereum with a credit card. Once you complete the transaction, Coinbase will send you an email showing the transaction details. In the email, Coinbase will provide you with your wallet address and an ETH wallet address that you can use to send the ETH you purchased.

After that, send the ETH you just purchased to the ETH address provided. Note that as the first transaction on Coinbase, you will be provided with a 10% discount (0% fee) on the ETH you bought, which will make your trading experience even better.