Where can I buy Ether for Ethereum

Buy Ethereum: How to Bet on the Bitcoin Challenger

Should crypto fans buy Ethereum too?

Cryptocurrencies like Ethereum are attracting more and more investors. Bitcoin is still the cryptocurrency with the highest market capitalization, but in the wake of the rapid price increase in recent months, demand for the number two has also increased sharply: On May 12, Ethereum reached a new all-time high of 3,607.83 euros. Here you can find out where you can buy Ethereum and what to consider when buying Ethereum. One warning in advance: cryptocurrencies are very volatile and not suitable for all investors. So you should be aware of the risk before buying Ethereum.

What is ethereum

Ether, or ETH for short, is a digital currency that users can use to send amounts of money around the world in a matter of seconds. The name Ethereum is often used as a synonym for ETH. The digital money is used in many applications of the Ethereum blockchain. More and more traditional financial institutions and investors who have already invested in Bitcoin are also showing interest in buying Ethereum or have already done so.

About the offer: Buy Ethereum at eToro *


What is the Ethereum blockchain?

Ethereum is much more than just a cryptocurrency. Ethereum is a decentralized software platform (open source) based on the Ethereum blockchain. On this platform, users can, for example, conclude digital contracts - so-called smart contracts. Transfers are linked to the fulfillment of certain conditions. This makes Ethereum interesting for commercial applications in many industries. Software developers use the Ethereum platform to create their own applications - decentralized applications (dApps).

This creates a crypto ecosystem around Ethereum similar to the Apple app store, but without a central authority. Anyone can build on Ethereum, there is no approval process for apps, the network does not receive a share of the developers' income, and the apps are accessible to anyone with an internet connection. This is where the great potential of Ethereum lies.

Where can I buy Ethereum?

Unlike stocks and commodities, cryptocurrencies are not traded on a regulated exchange. Instead, you can buy and sell Ethereum and other coins around the clock on special crypto exchanges. The world's largest are Binance, Coinbase Pro, Huobi Global or Kraken.

Tip: You can also buy Ethereum from online brokers such as eToro, Justtrade or TradeRepublic (still under construction). This has the advantage that you can also trade shares and other securities with these providers and do not have to register with another provider. These offers are also available in German.

Another advantage: Justtrade and Trade Republic are based in Germany and are subject to German regulation. eToro is registered in Cyprus and is licensed by the Cyprus Securities & Exchange Commission, so European standards also apply here. It is different with US stock exchanges. You can find more information about this in our online broker comparison.

When comparing the aspects of demo account, security, fees, minimum budget, payment methods, available cryptocurrencies and regulation, many Internet comparisons come to the conclusion that eToro is particularly suitable for beginners who want to buy Ethereum or trade other cryptocurrencies.

About the offer: Ethereum as a 1 euro order at Trade Republic *


What are the fees for buying Ethereum?

As with any other exchange, fees are also charged at the crypto trading venues, which can vary greatly depending on the provider. In addition, there is usually a spread when trading cryptocurrencies, i.e. a difference between the buying and selling price. The providers earn money with this spread. It is therefore worthwhile for investors to compare the fee models of the various providers. Three examples:

  • At eToro, only the spreads are charged as fees for Ethereum trading. If you buy or sell Ethereum, they are 1.9 percent. For comparison: Bitcoin is 0.75 percent.
  • Even with Justtrade, you only pay the spread.
  • At Trade Republic there are no percentage costs, only external costs of one euro per order.

What is Ethereum Proof of Stake?

Ethereum was previously a proof-of-work blockchain. This requires computing power and thus energy expenditure to be able to write new blocks (transfers) into the common transaction book (the blockchain). Ethereum is currently being converted into a proof-of-stake blockchain. When upgrading to Ethereum 2, the proof of work is replaced by proof of a certain deposit amount (proof of stake). In other words: financial power instead of computing power should protect the Ethereum blockchain from incorrect entries in the future.

The idea behind it: the more Ethereum someone owns, the greater their interest in the integrity of the cryptocurrency. Because if it is compromised, the deposits are gone. Therefore, those who have a lot to lose (at stake) should verify new blocks. The validators should check each other and thus monitor the financial transactions.

After upgrading to Ethereum 2, less computing power is required, which reduces the gigantic energy consumption and thus also benefits the environment. In the long term, the Ethereum blockchain should also become more powerful. The transaction capacity is expected to increase from the current 15 transactions per second to several thousand transactions per second.

What is Ethereum Classic?

When you buy Ethereum, be careful which cryptocurrency you are buying. In addition to Ethereum (ETH), there is, for example, Ethereum Classic (ETC), which is based on the original Ethereum blockchain. ETH and ETC shared the same blockchain entry until July 2016. The design and functionality of both networks were initially identical.

In 2016, the Ethereum community then decided on a “hard fork”. All private keys and all associated coins are copied into a new blockchain. This happened after a project on the Ethereum blockchain was hacked, which massively damaged the trust in Ethereum and the security of the blockchain.

The hard fork not only split the blockchain into Ethereum and Ethereum Classic, but also the community. Most of the developers decided to upgrade to the new Ethereum protocol, in which the security hole was eliminated. The size of the ETC community and its ability to improve networks has since been limited.

About the offer: Buy popular cryptocurrencies at Justtrade *


What does the Ethereum forecast look like?

In the long term, many market observers see much greater potential in Ethereum than in Bitcoin. Because Ethereum can serve as an infrastructure for a decentralized financial world (Decentralized Finance, DeFi for short), with all the advantages that a blockchain with automated processes offers. There is particular interest in NFTs (Non Fungible Tokens), which can represent unique digital proof of ownership for assets of all kinds.

Overall, interest in cryptocurrencies is increasing - from which Ethereum also benefits. For example, Facebook pioneer investor Peter Thiel has just founded a new exchange for cryptocurrencies with other investors. Ethereum will also be available for purchase on the Bullish Global trading platform. The aim of Thiel and his colleagues is to create a crypto exchange that also offers institutional investors such as insurance companies and pension funds the necessary transparency and security so that they can invest money in crypto currencies. With its financial strength, Bullish Global will "bring stability and liquidity for crypto currencies", Thiel advertised at the start of the project. With increasing demand from financially strong investors, the price of Ethereum would continue to rise.

At the beginning of the year, for example, the analysts at Fundstrat Global Advisors raised their price target for Ethereum to US $ 10,000. You see Ethereum as by far the most popular blockchain for decentralized applications. They also see potential in the major network upgrade to Ethereum 2. In the future, it could enable transactions in a volume that Mastercard and Visa can currently process. Ether is "the best risk-opportunity investment game in crypto," wrote Fundstrat analyst David Grider. All under the condition that the switch to Ethereum 2 succeeds.

Costs, options & Co .: The depot comparison

If you want to buy an ETF or shares, you need a securities account. A comparison of the most important providers can be found in the table below, further detailed information in the depot comparison.

Portfolio comparison for stocks and ETFs: portfolio fees, costs for orders and more

Presentation

Order fees

Custody fees

Savings plan fees

Which trading venues are available?

Number of tradable stocks, ETFs, funds, savings plans, crypto assets

Stocks on weekends trade at Lang & Schwarz

What is the minimum order volume?

Web application / trading app

Demo account to practice

particularities

Per

Contra

Suitable for

Button link

intuitive app (no desktop offer available)

Stocks, ETFs and derivatives are traded without order commissions; only third party costs of 1 euro

no

More than 4,000 stocks and ETFs can be saved permanently free of charge

LS Exchange; for ETFs: iShares

8,500 stocks and ETFs, more than 4,000 stock and ETF savings plans, 40,000 warrants, knock-out products and factor certificates

only app

No

attractively priced

no web application available, just a trading platform for stocks

Mobile phone users who also want to invest little money

Design is reminiscent of social media platforms with social trading as a core feature

around 2,000 shares free of commission; Spread fees 0.09 percent; Conversion fees, as it is traded in US dollars; Withdrawal fee five US dollars

no custody fees; only those who do not log in for twelve months pay 10 US dollars per month

no savings plans available

There are 17 trading venues for stocks, such as the US stock exchanges Nasdaq (511 stocks) and NYSE (825), Frankfurt (119), London (367)

2,000 stocks, many ETFs, other stocks and many other products as derivatives, 16 crypto values

$ 50; Copy-Value $ 500

both

Yes

Social trading: investors exchange market and stock exchange information on request; 16 cryptocurrencies; Minimum deposit when opening an account 500 euros

learning from others is easy; Exercise function

somewhat confusing price structure, which is only available in detail in English; relatively few stocks; no savings plans

Trendsetters who want to try modern investment techniques

new on the market, therefore modern and fresh design

Free of charge for orders with a trading volume of at least 500 euros via Gettex and for derivatives in direct trading with four partners; 1 euro with the same conditions at Lang & Schwarz; Order volume below EUR 500 and at other German trading venues: EUR 4

Free custody account management, but negative interest (0.5 percent) on the clearing account if more than 15 percent of the investment is available as cash over the quarter

280 ETFs eligible for savings plan free of charge; 351 ETFs eligible for savings plan with 0.2 percent (at least 0.80 euros) per execution

all German regional exchanges, Xetra, Tradegate, Quotrix, Gettex, Lang & Schwarz; another 16 partners for over-the-counter trading; 23 foreign stock exchanges

all stocks, funds, ETFs, certificates, leverage products, bonds that are listed on German stock exchanges; additional shares abroad; more than 600 ETFs are also eligible for savings plans

Saturday 10 a.m. to 1 p.m., Sunday 5 p.m. to 7 p.m.

web application only

No

Comprehensive range of securities with low order fees, some even free of charge

Fees for clearing account (0.5 percent per year) as soon as the total exceeds 15 percent of the deposit value

Bargain hunters who can do without trading via mobile phone

tidy application despite a large selection of products

commission-free; no flat rate for third-party costs

free custody account management, but negative credit interest of 0.5 percent

no savings plans available

Tradegate, LS Exchange, Quotrix; 4 over-the-counter partners

more than 500,000 securities, including 7,300 stocks from 52 countries, approx. 1,000 ETFs and ETCs as well as certificates, warrants, leverage products; also crypto values: Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash

500 euro; 50 euros for cryptocurrencies

both

No

5 cryptocurrencies

free stock trading, cheap crypto trading

Minimum order volume, only three trading venues, negative interest on clearing account, no savings plans

Price-conscious investors who don't want to put any change

The app and desktop version are understandable and seem like a single piece

in the first year 3.90 euros per order on all German stock exchanges; then 4.90 euros plus 0.25 percent on the order volume (min. 9.90, max. 59.90 euros); plus trading venue fee (min. 1.50 or 2.50 euros) and third-party fees

free deposit for three years; then linked to activities; otherwise 1.95 euros per month

For ETF, share and certificate savings plans, there is no issue surcharge, but a commission of 1.5 percent of the order volume per security and execution

all German trading venues; 16 partners for OTC trading; 12 foreign exchanges

14,500 stocks, 1,500 ETFs, 32,500 funds, 629,000 warrants, 1,085,000 certificates and 62,500 bonds

Saturday 10 a.m. to 1 p.m., Sunday 5 p.m. to 7 p.m.

both

No

free trading software (Pro-Trader); API interface for external software

many trading venues with a large product portfolio and extras

high order fees from the second year

Comfort-oriented investors who appreciate many options

simple and clear

no order fees in the first six months at Tradegate, L&S, Baader Bank, thereafter 5.90 euros per order plus trading venue fee (for the above 2 euros) and third-party fees; Minimum total costs on German stock exchanges between 7.90 and 11.32 euros per order

Custody fee of 0.1 percent on the market value of the securities in custody; negative credit interest of 0.5 percent

250 selected ETF savings plans free of charge; further savings plans per execution 1.50 euros

all German regional exchanges, Xetra, Tradegate, Gettex, L&S Exchange; another 16 partners for over-the-counter trading; 11 foreign trading venues

8,500 stocks and ETSs, more than 1,000 ETF savings plans, 5,000 funds (including ETFs); also derivatives and CFDs

both

No

Favorable conditions (0 to 3.90 euros per trade) for certificates and warrants from seven partners; many training videos

makes securities trading easy and understandable for beginners

Deposit fees, negative interest on clearing account

Fans of warrants and beginners who start trading cheaply

Easy to understand desktop application; App a little confusing because it is not a pure trading app

Stock orders EUR 3.95 in the first year when trading via Tradegate; otherwise at least 9.95 euros per trade, max. 69 euros; many funds and ETFs with no fees

no

270 ETF savings plans for free; all other ETF savings plans: 1.5 percent per savings plan execution; for equity funds: 1.5 percent plus mostly issuing fee

all German regional exchanges, Xetra, Tradegate; more than 20 foreign exchanges, more than 20 partners for over-the-counter trading

20,000 stocks and 7,000 funds (including ETFs); in addition, numerous bonds, currencies and commodities

Saturday 10 a.m. to 1 p.m., Sunday 5 p.m. to 7 p.m.

both

No

free trading software (ActiveTrader); API interface for external software

many trading venues with a huge product portfolio and extras

high order fees from the second year

Comfort-oriented investors who appreciate many options

Understandable texts, airy design

4.90 euros plus 0.25 percent of the market value, a maximum of 69.90 euros

no

all ETF savings plans for 0 euros; many share and fund savings plans from 1 euro, otherwise usually 1.75 percent of the market value

all German regional exchanges, Xetra and Tradegate; Stocks can also be traded in the US and Canada; Certificates & Co. also over the counter with 12 partners

all stocks, funds, ETFs, certificates, leverage products, bonds that are listed on German stock exchanges; additional shares abroad (USA, Canada); Number of savings plans: 720 ETFs, 640 funds, 480 stocks, five commodity certificates

both

No

inexpensive savings plans, all ETF variants free of charge

Trading on stock exchanges outside of Germany is limited to a few trading venues

Savings plan lovers and shareholders without exotic country preferences

somewhat dusty design, the owner Commerzbank looks much fresher

5 euros for all securities on German trading venues plus 2 euros trading venue fee (plusCosts for Xetra and regional exchanges); for US trading venues 10 euros plus 5 euros trading venue fee

negative credit interest of 0.5 percent for more than 250,000 euros on the clearing account

all available savings plans (around 200) for an execution fee of 1 euro; 50 to 500 euros savings rate

all German regional exchanges, Xetra, Tradegate, Quotrix, Lang & Schwarz; another 14 off-exchange partners US stock exchanges NYSE, Nasdaq, AMEX

all stocks, funds, ETFs, certificates, leverage products, bonds that are listed on German stock exchanges; additionally all securities of the three major US stock exchanges

web application only

No

simple price overview, comprehensive range of securities

no trading via app

Onvista fans who have cherished the website for a long time

is more aimed at professionals and offers many analysis tools

Usually 0.1 percent on the order volume with a minimum (examples: Tradegate 2 euros; Frankfurt: 5 plus at least 2.52 euros), shares on US stock exchanges cost 1 cent per share (at least 2 US dollars, maximum 1 percent of the trading volume )

only in the case of inactivity for more than a month and a deposit value below EUR 1,000: EUR 1 per month

Savings plans only through partner ebase (registration required)

Xetra, Frankfurt, Stuttgart, Tradegate and around 130 foreign stock exchanges; over-the-counter trading on the US stock market

More than 1.2 million tradable securities, stocks, ETFs, futures, options, warrants and many more exchange-traded securities and derivatives

both

Yes

expandable with external software; Minimum deposit when opening an account 2,000 euros; only one payment / month free of charge (otherwise 1 or 8 euros), no automated tax transfer

extensive security selection; various tools and order options for professionals

Real-time prices are chargeable, no separate savings plan offer, over-the-counter trading is very limited

Ambitious investors and professionals

also manageable for beginners

Gettex: EUR 0.99 per order or flat rate from EUR 2.99 per month with an unlimited number of securities purchases and sales as well as ETF savings plan executions; 3.99 euros per order for Xetra trading

no

if you opt for the flat rate fee of 2.99 euros per month, you will receive all savings plans free of charge; otherwise only one savings plan is free, each additional one costs 99 cents

Gettex, Xetra

4,000 stocks, 1,300 ETFs and ETF savings plans, 2,000 managed funds

Gettex only: 250 euros; Savings plans from 25 euros per month

both

No

low costs, attractive price model for active traders (only Gettex)

Minimum order volume at Gettex, only two trading venues, no derivatives

Cost-conscious high-volume traders who limit themselves to traditional investments

renounces design finesse, the focus is on the information

4.99 euros plus 0.25 percent of the order value (min. 8.99 euros to max. 54.99 euros); plus EUR 0.99 trading platform fee in Germany; Discount depending on the number of annual transactions from ten percent for 100 transactions to 80 percent for 5,000 transactions

Free custody account management for at least one transaction per quarter or assets of at least 10,000 euros, otherwise 11.97 euros per quarter

Many Deka ETF savings plans and 16 UBS ETF savings plans free of charge, all others and share savings plans: order fee of 2.5 percent per savings plan rate

all German regional exchanges, Xetra, Quotrix, Tradegate, Lang & Schwarz, L&S Exchange; another 17 over-the-counter partners; 29 foreign stock exchanges

9,000 stocks, 12,000 funds, 2,000 ETFs, 20,000 bonds, 1.3 million leverage products, plus stock savings plans, ETFs eligible for savings plans, funds and certificates

Saturday 10 a.m. to 1 p.m., Sunday 5 p.m. to 7 p.m.

both

No

Discount model for order fees

Trading on numerous stock exchanges

relatively high order fees, expensive savings plans

Sparkasse customers and users who appreciate many options

slightly outdated optics

10 euros per domestic order up to 10,000 euros, above 25 euros; for foreign execution venues, the cost per order is EUR 20 or EUR 35; Third-party fees are added to orders that are not processed via the Tradegate trading center

no

1.50 euros per savings plan execution, less or free of charge for special offers for a certain period of time

all German regional exchanges, Xetra, Quotrix, Tradegate; another 12 partners for OTC trading; 31 foreign stock exchanges

more than 1.5 million tradable securities including 22,000 funds and 2,000 securities savings plans, including 115 ETF savings plans

both

No

Trading on numerous stock exchanges, simple fee structure

high order fees

DKB customers and users who appreciate many options

* Our independent experts regularly deal with products and service providers. We will provide you with the resulting articles free of charge. COMPUTER BILD receives a small commission if you click on a link or conclude a contract with a linked provider. Note: The content on computerbild.de is not a specific investment recommendation and only contains general information. Authors, editors and the cited sources are not liable for any losses that may arise through the purchase or sale of the securities or financial products mentioned in the articles. Complex financial products such as CFDs in particular harbor a high risk: According to the company, 67% of retail investor accounts with eToro lose money when they trade CFDs from this provider.

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