Buy Ethereum ETH

Purchasing Ethereum (ETH) and other cryptocurrencies is simple and straightforward online. You can buy and sell Ethereum (ETH) on various platforms, including crypto brokers and exchanges.

Investing in Ethereum (ETH) and other cryptocurrencies can be done in a few easy steps. Follow this guide to get started with crypto trading on platforms like Bitpanda and build your digital asset portfolio.

1. Choose the right platform to invest

• Start by selecting a suitable trading platform that supports Ethereum (ETH)

• Consider features such as security, data protection, and user-friendliness

• With the Bitpanda app from the Play Store or App Store, you can invest securely and conveniently on your mobile device

2. Create an account and get started

• Register with an email address and create a strong password

• Provide necessary personal details

• Accept the terms and conditions and privacy policy

• Begin the verification process

3. Confirm your identity

• Verify your identity to start trading Ethereum (ETH)

• Complete the online verification with a stable internet connection and a valid ID document

4. Deposit funds into your account

• Use the Bitpanda website or mobile app to deposit fiat money or other tradable assets into your account

• You can deposit via bank transfer, credit card, PayPal or Apple Pay

• There are also options to use EPS and SOFORT transfers, giropay, SEPA direct debits and other online payment services such as Skrill and NETELLER

5. Buy Bitcoin and invest in cryptocurrencies

• Once the funds are in your account, you can buy Ethereum (ETH) and other cryptocurrencies

• Simply select Ethereum for purchase, choose a payment method, and confirm the transaction

If you are interested in investing in cryptocurrencies like Ethereum (ETH), Bitpanda offers a user-friendly and secure platform to get started.

Intuitive platform

Our platform features a user-friendly interface that makes buying Bitcoin (BTC), simple for both beginners and experienced traders. With the Bitpanda app, you can conveniently trade cryptocurrencies and other assets on your smartphone.

Install the Bitpanda app on your smartphone or tablet now.

Licenced and trustworthy

Bitpanda operates under strict regulatory guidelines and holds all necessary licenses for crypto brokers. Our business practices and holdings are regularly validated by external auditors. This ensures high security and transparency for every transaction.

Wide range of assets

At Bitpanda, you can invest in more than just cryptocurrencies. We offer over 3,000 different assets, including ETFs, CFDs, stocks, indices, and precious metals. Unlike other crypto exchanges, we guarantee stable prices based on the current market value.

Bitpanda wallet

Your Ethereum (ETH) and other cryptocurrencies are securely stored in the wallet of your Bitpanda account. You can transfer your digital assets to an external wallet at any time.

24/7 customer support

If you have any questions or encounter issues while trading Ethereum (ETH) or other assets, our customer support team is available 24/7 to assist.

Beginner-friendly products

Bitpanda offers products designed to help you start your crypto investment journey easily. With the Bitpanda crypto indices, you can invest in a diversified portfolio of leading cryptocurrencies. The Bitpanda Savings plans allow for regular investments to build long-term wealth.

Forecasts predict a continuous increase in the Ethereum (ETH) price due to the growing acceptance and use of cryptocurrencies. Those who invest early could benefit from long-term price appreciation.

The value of Ethereum (ETH) can be affected by various factors, such as regulatory changes and global economic events. Therefore, it is essential to thoroughly research before investing. The following sections give an overview of the key events and factors impacting its price.

The past price trends of Ethereum (ETH) do not indicate future performance.

• The Ethereum platform was launched in 2015 by Vitalik Buterin

• Ethereum (ETH) is one of the best-known and oldest cryptocurrencies after Bitcoin

• Ethereum has the second highest market capitalisation of all cryptocurrencies after Bitcoin

• The Ethereum network is also called the second-generation blockchain

• The Ethereum (ETH) price reached its all-time high on 10th November 2021, with a value of 4,878.26 USD

In 2014, Vitalik Buterin developed the Ethereum platform to advance blockchain technology, the decentralised network on which cryptocurrencies are based. His goal was to create a platform for decentralised applications that are resilient against surveillance, failures and fraud. Unlike Bitcoin, Ethereum also serves as a blockchain-based operating system that enables the development of decentralised applications. A blockchain is a database that runs, processes and synchronises across multiple computers simultaneously.

Funding for Ethereum's development was raised through an ICO (Initial Coin Offering), where investors received tokens in exchange for financing the project, allowing them to participate from its inception. Today, a majority of cryptocurrency projects are built on the Ethereum network. One of the earliest tokens based on Ethereum's blockchain is the ERC-20 token standard.

Ethereum 2.0 was introduced in 2022 which initially caused the price chart to fall slightly. With the change in the blockchain, the energy-intensive mining to verify transactions (Proof of Work) was replaced by Proof of Stake, a mechanism requiring significantly lower amounts of electricity.

Ethereum as a pre-mined cryptocurrency

Ethereum is considered a pre-mined cryptocurrency unlike Bitcoin, which is mined through actively editing the blockchain using computing power and has a set maximum amount.

This means that individual ETH coins or tokens were partially mined and distributed before the market launch, typically through ICOs used to finance project development. Sponsors and developers received tokens upfront as compensation for their involvement in the project. The Ethereum price enabled the platform's early sponsors to make high profits.

Ethereum does not have a fixed maximum number of coins. While there are currently around 122,000,000 ETH in circulation, a ‘hard cap’ on the maximum number of Ethereum coins may be implemented.

Decentralised apps (DApps) and smart contracts

DApps can be used for smart contracts. Due to the high level of automation, these smart contracts are easy to negotiate and enforce. They can be applied to the finance, real estate and logistics sectors. The concept involves recording contract terms precisely; once a party fulfils its obligations, this automatically triggers an audit and executes the smart contract. This can lead to subsequent events such as a purchase or service claim.

An example of a DApp on the Ethereum network is Uniswap. It allows users to trade and exchange tokens directly from the Ethereum blockchain without needing an intermediary.

Making payments with ETH

Similar to Bitcoins, Ethereum coins or tokens can be used for payments with many companies accepting them. Using crypto credit cards like the Bitpanda Card, investors can make purchases in stores using digital assets. The deposited assets are converted to fiat currency (such as dollars or euros) at the current exchange rate and used for transactions.

However, due to potential fluctuations in Ethereum prices, ETH coins are limited as a payment method. While investors can wait out periods of low Ethereum prices in anticipation of positive developments in their investment, using Ethereum for payments becomes more expensive. Depending on Ethereum as a payment method involves risk, as a decrease in Ethereum's price significantly reduces purchasing power.

Invest in Ethereum (ETH) and participate in the price

If you are interested in buying Ethereum, Bitpanda provides a secure platform for cryptocurrency trading. You can mitigate Ethereum price fluctuations using a Bitpanda Savings Plan, offering regular interval investments to benefit from the cost-average effect. This approach helps smooth out strong fluctuations in price trends, reflecting an average Ethereum price over time.

Key points to know about Ethereum (ETH):

• Vitalik Buterin developed Ethereum and published the Ethereum whitepaper in 2014

• After a hack of the DAO coin based on the Ethereum blockchain, the original blockchain split into the old Ethereum Classic and the corrected Ethereum blockchain (hard fork)

• Ethereum is validated and promoted through a Proof of Stake process

• ETH is the native cryptocurrency of Ethereum

• The cryptocurrency is pre-mined and theoretically unlimited

• At launch, the ETH rate was 0.30 USD

• ETH reached its previous all-time high in November 2021 with 4,878.26 USD

• Thanks to the Proof of Stake mechanism, Ethereum 2.0 consumes 99% less energy than before the blockchain was converted

• It consumed about 94 terawatt hours of electricity per year before the introduction of Ethereum 2.0

• The Ethereum blockchain is currently about 850 gigabytes in size

The Ethereum price is determined by supply and demand. As ETH is a decentralised currency, neither banks nor states determine its exchange rate. Increasing demand leads to higher prices while falling interest causes price drops. Media interest and political and economic developments can also affect the price trend.

Price history of Ethereum (ETH)

The development of the Ethereum platform was financed through an initial coin offering. After the successful implementation of the project, the Ethereum price was around 0.30 USD per ETH coin. 

The development of the Ethereum price was comparable to the Bitcoin price. Ethereum reached its all-time high on 10th November 10 2021, at 4,878.26 USD per ETH.

Major price milestones include:

• 2015: 0.42 USD

• January 2018: 1,420 USD

• December 2018: 81.19 USD

• 10th November 2021: 4,878.26 USD

• 2022: Low of 880 USD

• 2023: 1,500 USD threshold broken

Fluctuating prices

The price trend shows that Ethereum, like other cryptocurrencies, can be subject to high volatility. While the Ethereum price chart has generally shown strong appreciation over time, it has also experienced periodic declines influenced by various factors.

Experts foresee a potential increase in the price of Ether in the coming years, driven by ongoing advancements in the versatile Ethereum blockchain and increasing interest from large corporations. However, investors should know that past price developments are not an indicator of future performance.

The crypto hype

In 2015, the ETH price rose slowly but steadily with increasing media interest. During the crypto hype of 2017, potentially fueled by market manipulation, Ethereum saw a rapid price rise. Speculation suggests that a market participant used Tether (USDT) and the Bitfinex platform to inflate Bitcoin's price.

Ethereum (ETH) hit its first all-time high of 1,420 USD in January 2018. This was followed by a prolonged correction phase, causing interest and the price to plummet to a low of 81.19 USD.

Crypto is trending

In the following years, interest in cryptocurrencies grew as alternative forms of payment and saw large companies and well-known personalities invest large sums. The ETH price also benefited from this development, reaching its all-time high of 4,878.26 USD on 10th November 2021.

Price pressures from inflation, regulatory plans and the Ukraine war

In 2022, countries worldwide announced plans to regulate cryptocurrencies. China issued a blanket ban and India also considered banning private crypto wallets. The ETH price dropped with the onset of strong inflation and the war in Ukraine.

The collapse of the FTX platform and the Terra Blockchain triggered growing uncertainty among investors. Ethereum (ETH) fell to a low of 880 USD. Later, Ethereum achieved sustained price increases, reaching up to 1,600 USD.

Ethereum 2.0 and future price predictions

Following the successful transition to Ethereum 2.0 in 2022, known as ‘The Merge’ due to the consolidation of two Ethereum blockchains, ETH initially plummeted. Experts attribute this decline to investor concerns over potential stricter cryptocurrency regulations.

US authorities had indicated that Ethereum 2.0, operating on Proof of Stake, might be classified as a security issue, increasing regulatory scrutiny. This led to the price initially dropping below 1,300 USD. However, in 2023, the ETH price recovered and surpassed 1,500 USD.

Experts anticipate Ethereum will experience significant value growth in the coming years, driven by overall crypto enthusiasm, reduced inflation, and geopolitical stability. While Ethereum has made huge price gains since its launch, past price movements cannot indicate future performance.

ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.