Buying Ethereum in the UK can be confusing, how do you invest into Ethereum and how can you trust who you buy from.
There’s a few options, but coinbase is certainly the easiest.
Only other options are Poloneix / Kraken if you have Bitcoin already or have them to buy – but these tend to become more cost effective when purchasing in large volume.
The cheapest way in my experience is to do a GBP transfer to Coinfloor or Kraken. Coinfloor has better liquidity but it’s BTC only, so you have to trade the BTC for ETH on another exchange. Kraken doesn’t have great liquidity but you can buy ETH directly. I believe both exchanges will require some sort of verification, which could take a few days.
Generally if you transfer to another currency (e.g. SEPA transfer in Euros) your bank will screw you on the exchange rate – so I advise you to avoid this if possible.
If you want fast and hassle free (but expensive!) then you could look at the P2P exchanges. Look at Bitbargain, LocalBitcoins and Coinfloor’s “express buy” option. These generally use Faster payments or other fast payment methods, but I don’t think you can buy ETH directly so again, you’d have to buy BTC then exchange for ETH elsewhere. Hope this helps!
In this simple step-to step guide I’ll show you the easiest way to buy Ethereum in the UK.
But first a little about me.
I have traded over £36k in the first quarter of trading as BVC. With hundreds of happy customers and thousands of successful trades. I’m the UK’s most trusted Alt coin seller.
How to buy Ethereum in the UK?
Firstly you’ll need to create an Ethereum wallet there are many to choose from I suggest:
Once you’ve chosen your wallet you’ll get an Ethereum address where you’ll store your coins. Your address will look something like “0xC6F02D527FDd3D10C4faE4C9E89AA379bc80B6B7”.
Buying Ethereum in the UK with Exchanges
Head to the buy Ethereum page（https://www.kraken.com/charts） and scroll to the bottom and you’ll see an order form. Before you wanna deposit some GBP, you’ll need to at least verify tier 2.(Please see the detailed introduction: How to trade ethereum on Kraken?) After buying in the exchange, you could withdraw the eth to your wallet.