Cheapest Way to Buy Ethereum

Ethereum is the second most capitalized and one of the most popular cryptocurrencies in the world after Bitсoin. Its acquisition can be an excellent asset for many years to come. Therefore, interest in buying Ethereum is growing every day.

In this article, we will look at the ways of how to buy Ethereum without fees and for the best price.

Fees For Buying Ethereum

Before you start buying ETH, it is important to understand the fee structure, which varies depending on the purchase method. Let's take a closer look at each of them:

Crypto Exchange Fees

The first method is to purchase via a debit card on crypto exchange with on-ramp such as Cryptomus. For example, on the Cryptomus platform through partners such as Mercuryo, you can buy ETH using a bank card, with fees ranging from 3% to 5%.

P2P Exchange Fees

The second method is to purchase ETH through a P2P platform, i.e., directly from another user. This option is often the most advantageous, as it offers the lowest fees for purchasing cryptocurrencies. For example, Cryptomus P2P is an excellent option and offers a fee of only 0.1%.

Trading Fees (Crypto-To-Crypto)

If you already have another cryptocurrency, such as USDT, you can easily exchange it for ETH on a crypto exchange such as Cryptomus. The trading fee here is only 0.04% to 0.1%, which is one of the lowest rates among the options considered. However, this method assumes that you already have cryptocurrency, so it is not suitable for those who are buying cryptocurrency for fiat for the first time.

Ways To Buy Ethereum

Before buying Ethereum, it is important to develop the right strategy. It will help you to purchase the currency in the most beneficial way. Let's take a closer look at each of them.

Crypto exchange

To buy Ethereum via a crypto exchange, you need to choose a reliable platform that supports fiat as a payment method. For example, the Cryptomus platform supports more than 40 fiat currencies, giving you a wide choice. To make a purchase, select ETH as the desired cryptocurrency to buy, and then select the fiat currency you are willing to pay for the purchase. Enter the amount of ETH or fiat currency you are willing to spend on the transaction, and one number will automatically be converted into the other. Then, all you have to do is confirm the purchase by entering your bank card details.

P2P Platforms

To buy Ethereum through crypto exchanges, you need to choose a reliable platform. P2P exchanges offer flexibility in choosing payment methods and transaction terms. When you find reliable platforms, choose the cheapest exchange to buy Ethereum.

An excellent option is Cryptomus P2P because it has the lowest Ethereum fees—it’s only 0.1%, and the platform doesn't charge withdrawal fees—there is only a network fee. So it is the lowest ETH withdrawal fee exchange. Moreover, Cryptomus P2P has a user-friendly interface: you just need to create your account, go through the KYC verification, set up payment methods, and look for suitable offers for the exchange rate and volume. It is especially convenient for beginners who are going to purchase cryptocurrency for the first time. Then payment, receipt of Ethereum, and confirmation of the transaction complete the purchase process.

Trading On Exchanges (Crypto-To-Crypto)

If you already have cryptocurrency, you can exchange it for ETH directly on crypto exchanges. Pay attention to the liquidity of the platform: the higher it is, the faster and easier it will be to conduct a transaction at the most favorable market rate. An excellent option is the Cryptomus Exchange, which offers low commissions and a user-friendly interface that even a beginner can handle.

To make a transaction, you need to select the desired trading pair and enter the amount of ETH you would like to purchase. One number will automatically be converted into the other.

Whatever strategy of buying Ethereum with the lowest fees you choose, the main thing is keeping the safety. You need to install a reliable cryptocurrency wallet, choose a platform with a high level of anonymity, and use two-factor authentication (2FA).

How To Buy Ethereum Cheaply?

We have prepared a guide for you on how to buy ETH in one of the most profitable ways, namely through P2P platforms. Follow the steps to successfully complete the transaction.

Step 1: Choose a suitable crypto exchange and register

The platform must meet security requirements, follow AML policies, and support 2FA. This is necessary to keep your data and finances safe.

Go to the website of the selected platform and register an account. The process is often quick and only requires your email address or phone number.

Step 2: Verify your identity

Complete KYC verification to gain access to financial transactions. The process takes only a few minutes: you need to take a photo of your ID, then take a selfie and send it to the platformfor confirmation.

Step 3: Set up filters

Go to the home page and set up filters for your purchase: select ETH, fiat currency (USD, EUR, etc.) and your preferred payment method, such as PayPal, Revolut or Cash App.

Step 4: Select an offer or create your own

Browse offers from verified sellers. Look for the best price and rating. For security, always trade with users marked as verified sellers. Can't find a suitable offer? Create your own and wait for responses from sellers.

Step 5: Complete the transaction

Start the transaction and follow the instructions. Discuss the transaction with the seller, request his bank details, and share your crypto wallet address. Once the payment is confirmed, the ETH will be transferred from the escrow account directly to your Cryptomus wallet.

Tips For Buying ETH With The Lowest Fees

There are some recommendations to buy Ethereum cheaply:

• Use platforms with low fees: stick with exchanges like Cryptomus that offer transparent and minimal commission rates (as low as 0.1%).

• Monitor the market: track Ethereum price charts and try to buy during market dips or corrections.

• Avoid unnecessary conversions: if you're starting with fiat, go directly to P2P instead of buying USDT first and then converting to ETH (which means extra fees).

• Compare offers: don’t rush. Look at multiple P2P sellers before locking in your trade.

Buying Ethereum without fees today is a process that may seem complicated, but understanding several key aspects will make it easier and safer. The best place to buy Ethereum is exchange platforms because they also provide security. If you choose another way to buy ETH with the lowest fees, you should also remember safety.

Thank you for reading! Hopefully, this article has helped you understand how you can buy Ethereum in the most beneficial way.