How to Buy Ether, ETH Buying Tutorial and Process Guide

Buying Ether (ETH) is not that complicated! For users in Taiwan, you can quickly start investing in this popular cryptocurrency with the right process and tools. This article will take you step-by-step through the process of choosing an exchange, signing up for an account, completing authentication, and safely purchasing and storing Ether. Whether you're a newbie or an experienced investor, you'll find the perfect tutorial here, and even learn how to lower your trading costs through rebates!

What is Ether and why is it worth buying?

Ether is a smart contract platform and ETH, as its native token, is an important asset in the crypto world. Not only can it be used to pay for transactions, but it also supports DeFi, NFT and various blockchain applications. Taiwanese investors are interested in ETH not only because of its high liquidity, but also because of its huge potential in the future. According to CoinMarketCap, ETH is the second most valuable currency in the world after Bitcoin, and demand for trading is very active.

The core value of buying ETH is:

1. High investment potential, long-term bullish
2. Support for decentralized applications
3. High liquidity as all major exchanges in the world offer trading.

Choosing an Exchange: How to find the right platform for you?

To buy ETH, you first need to choose a reliable exchange. Here are a few key points to consider when evaluating an exchange:

1. Security: Verify that the exchange provides security mechanisms such as cold wallet storage and 2FA authentication.
2. Handling fee: Pay attention to the trading fees of the platform, it is recommended to choose an exchange with a better rebate policy, such as Ouyi OKX, which can effectively reduce costs.
3. Ease of operation: Ensure that the exchange interface is simple and suitable for Taiwan users to operate, and support the deposit of New Taiwan Dollars is even better.

Recommended Platforms:

• Binance: The largest number of users in the world, low handling fees, support for multi-currency trading.
• OKX (Ou Yi): Supporting the rebate program, users can enjoy discounted rates for trading, which is very popular among Taiwanese investors.
• Gate.io: Suitable for small investors and supports multiple payment methods.

Registration and Authentication: Fast Account Opening

1. Register: Visit the official website of the selected exchange and complete the basic registration by filling in your email and password.
2. Identity verification (KYC): According to Taiwan regulations, most platforms require KYC verification by submitting an ID or passport photo, which usually takes 5-10 minutes to complete.
3. Enable safety features: Bind to Google Authenticator or SMS notifications on your phone for added security.

Tip: Some platforms offer new user registration incentives, such as ETH drops or trading vouchers, so be sure to confirm your activity information when registering!

Purchase process: from fiat currency to ETH ownership

Buying ETH involves the following steps:

1. Fiat currency recharge: Taiwan users can choose to deposit in New Taiwan Dollars (TWD) and pay via credit card or bank transfer.
2. Place your order: Enter the purchase amount on the transaction page (either limit or market).
3. Withdraw coins to wallet: After purchase, it is recommended to withdraw ETH to a cold wallet, such as MetaMask or Ledger, to increase the security of your assets.

Comparative table of transaction costs:

| Exchanges | Handling Rates | Rebates | FX Topups |
|-----|---|-- --|-----|
| Coin Binance | 0.1% | Up to 40% | Support |
| Ouyee OKX | 0.08% | 35% | Support |
| Gate.io | 0.2% | None | Support |

Purchase: How to safely store ETH?

1. Software Wallet: Convenient and free with MetaMask or Trust Wallet.
2. Hard wallet: Recommend the Ledger Nano for greater security in physical isolation.
3. Don't put it on the exchange: Holding the proposed coin for a long period of time avoids the potential risks associated with the transaction.

Commission Teaching: Tips to Reduce Trading Costs

Trading fees can be effectively reduced through exchange rebate programs. For example, if you sign up with a referral code on OKX, you can get up to 35% off your fees.
How do I participate?

1. Enter the referral code when registering.
2. Automatic reimbursement of fees to the account balance after a transaction.
3. Upgrade your transaction level and enjoy more benefits!

Frequently Asked Questions Q&A

Q1：Can I use my credit card to buy ETH directly?
Yes, some exchanges support credit card purchases, but be aware of the higher handling fees.

Q2: What is Limit and Market Price Trading?
Limit trades allow you to set a target price, while market trades are completed at a real-time price.

Q3: Is there a minimum purchase amount for ETH?
Most exchanges allow trades as low as around $10, which is great for small investors.

I hope this tutorial will help you to buy Ether and start your cryptocurrency investment journey smoothly!