Ethereum is a decentralized, open-source blockchain with smart contract functionality.
Below is How To Buy Ethereum In South Africa
Buying Ethereum as a beginner is not as difficult as lots of people imagine it. Through a trusted broker like eToro brokerage, you can buy Ethereum online. Here are quickfire steps to guide you in buying Ethereum within a few minutes:
Step 1: Open Account with eToro – Go to eToro’s official website and sign up using your details. The process requires just a few minutes to complete.
Step 2: Upload Your ID – Uploading your ID helps to verify account your new account. The broker will need any government-issued ID.
Step 3: Deposit Funds – The broker allows fund deposit through multiple methods like credit/debit cards, bank transfers, e-wallets, and others. Use the option that is suitable for you and fund your account.
Step 4: Buy Ethereum – Search for Ethereum using the search box on your account’s screen page. Then, click on the popup result. Conclude the purchase by clicking on the ‘BUY’ button and inputting the amount of ETH to buy.
#1 Broker – eToro
You could be wondering where to buy Ethereum in South Africa. With lots of crypto exchanges available online, it’s possible to buy Ethereum from anywhere. However, most of these exchanges are not regulated, and you can lose your funds by using them.
So, we will discuss where to buy Ethereum in South Africa conveniently through cost-effective means.
In your search for where to buy Ethereum in South Africa, the first and the best broker to consider is eToro. Even if you’re buying Ethereum as a beginner or a professional crypto investor, eToro remains the best platform for 2021 in South Africa.
eToro boasts more than 17 million customers on its platform. This is a huge milestone for any brokerage firm. The broker operates under the strict regulation of three government agencies – CySEC, FCA, and ASIC. By that, you can be confident that you’re dealing with a secured platform.
Even if you’re new to cryptocurrency, it’s very simple and safe to buy, sell, or trade on the eToro platform. After opening your account, it becomes easy to buy Ethereum.
eToro accommodates the transfer of funds through several methods. Some of the methods include South African credit/debit cards, e-wallets, or direct bank transfers.
After depositing funds, you can then navigate around the Ethereum option to purchase the coin.
What is a ethereum and how does it work?
Ethereum is an open software platform that allows users to build a range of decentralized applications.
Like Bitcoin, Ethereum works via a public blockchain network; while Bitcoin is used to track ownership of currency, the Ethereum blockchain focuses on running the programming code of any decentralized application.