That’s why we at Cryptonary are here to make sure that you learn the basics of buying Ethereum on a major platform like Binance. Once you get the basics down, then be it Litcoin or Bitcoin, you’ll be able to buy any coin available on that platform. With that said, let’s start by going over the entire procedure.

Here’s what you’re going learn through this guide:

• Buy Ethereum Through Binance
• Buy Ethereum Through Phantom Wallet
• Buy Ethereum Through Trust Wallet

With that said, let’s start by going over the entire procedure.

Step-By-Step Guide for Buying Ethereum

The very step in buying any kind of crypto token is knowing which exchange you’re going to use.

Step 1: Select an Exchange

The main issue beginners face when buying Ethereum is finding the right exchange. Finding a reliable and trustworthy platform is the key. To buy Ethereum, you must register on a cryptocurrency exchange that supports Ethereum trading. Here are some popular exchanges:

• Binance
• Coinbase
• Kraken
• Gemini
• Robinhood

Ensure the exchange supports ETH in your region and review its fees and features. For this guide on how to buy Ethereum, we'll be using Binance. 

• Go to the app store and download the Binance app on your phone.

Step 2: Login to Your Account

Once the app is installed, the next step is to log in to your account. 

• We'll be using our Gmail account to log in quickly.

Note: To do any exchange or trading, you must have a verified account. To learn how to create and verify your Binance account, check out our guide on how to use Binance.

Step 3: Adding Funds to Your Account

Now that your account is ready, you need to have funds to buy Ethereum. There are usually several options to fund your account.

You can choose from the following options if you don't have any crypto assets.

• Buy with GBP: You can add funds using a bank transfer or credit/debit card.
• P2P Trading: You can buy directly from another user on the platform.

However, if you have crypto assets in your account, you can go with the:

• Deposit Crypto: You can exchange other cryptocurrencies for GBP.

Before proceeding, make sure you are aware of deposit fees and transfer times. 

Once you've deposited GBP into your account, you'll have to convert it into USDT. It's a fairly simple process.

However, we’ll be adding USDT directly to your wallet using a credit/debit card. 

• First, you need to open the Binance app and tap on the search bar.

 

 

• Search for “Buy Crypto” and tap on it.

 

 

• Make sure that the crypto you want to buy is set to USDT.

 

 

• Enter the GBP you want to spend, select the payment method of credit/debit card, and tap on the “Buy USDT” button. 

 

 

Step 4: Buying Ethereum (ETH)

Now that your Binance account is ready, we can proceed with learning how to buy Ethereum. The first step is to verify you have USDT in your wallet.

• Go to the “Wallet” section on the bottom corner of your phone.

• Check whether or not you have enough USDT.

Note: If you don’t have enough USDT, then you’ll need to use your funds to buy some.

• Now, go to the home page and search for “ETH/USDT” in the search bar.

• Tap on the “Buy” button for ETH.

• Add a minimum of 2 USDT to buy ETH and tap the “Buy ETH” button.

 

Through Phantom Wallet

Now, if you want to buy Ethereum using a decentralised blockchain, you should choose a hot wallet to swap USDT for Ethereum. To do this, you need to first install and set up a wallet on Phantom Wallet.

• Download the “Phantom Wallet” app to your mobile phone.

 

 

• Once downloaded, open the app and agree to the terms of service. After that, tap on the “Create a new wallet” button.

 

 

Note: If you already have an account, then simply tap on the “I already have a wallet” option.

• Toggle the “Face ID” switch to on and tap the “Next” button.

 

 

• Copy the recovery phrase and tap on the “OK, I saved it somewhere” button.

 

 

• A pop-up will appear on the screen. Tap on “Yes” to continue.

 

 

• Now, your account is ready. Just tap on the “Get Started” button.

 

 

Now that you set up the wallet, you need to add USDT to your Phantom Wallet. Since Ethereum is a major coin, we can buy it through any blockchain. We’ll be using Solana because it has the lowest exchange rate.

• Go to the Binance app and tap on the “Withdraw” icon.

 

 

• Again, tap on the “Withdraw” option.

 

 

• Choose the USDT option.

 

 

• Tap on the “Send via Crypto Network” option.

 

 

• Now open your Phantom Wallet and tap on the “Ethereum” option. 

 

 

• Now tap on the “Receive” icon.

 

 

• Copy the address for USDT.

 

 

• Go back and paste the previously copied USDT address of your Phantom Wallet.

 

 

• Select the network by which you want to send this USDT.

 

 

• Enter the amount of USDT you want to send and tap on the “Withdraw” button.

 

 

• Tap on the “Confirm” button.

 

 

• Complete the authentication process for both Email and the Authenticator App.

 

 

After the verification process is complete, the USDT on the Ethereum network will be transferred to your Phantom Wallet.

Now that you have USDT in your wallet, we can proceed with learning how to buy Ethereum. As mentioned before, we’ll be swapping out USDT for Ethereum.

• Start by opening your Phantom Wallet again and tap on the USDT network.

 

 

• Now tap on the “Swap” icon.

 

 

• Set the bottom coin to “Ethereum” on the Ethereum blockchain.

 

Note: Make sure to check the Ethereum blockchain symbol under the Ethereum image.

• Now, enter the amount and trap it on the “Review Order” button.

 

 

After making sure everything is alright, tap on the “Swap” button and the coins will be added to your wallet.

Our Top Picks:

DOGWIFHAT

120,650%

SPX6900

17,000%

POPCAT

66,567%

PENDLE

5,002%

SOLANA

2,500%

HYPE

1,740%

Don’t miss our next 100X

Trusted by 230K+ investors

Get started

Through Trust Wallet

Now that you know how to buy Ethereum through Phantom Wallet, you should know that you can also buy it from the Trust Wallet. 

• Start by going to your App Store and downloading the Trust Wallet app.

 

 

• Tap on the “Get Started” button.

 

 

• Tap on the “Create a new wallet” option.

 

 

Note: If you already have a wallet, then you’ll choose the “Add existing wallet” option.

• Create a 6-digit password for your wallet.

 

 

• Tap on the “Create” button for the “Secret phrase” option.

 

 

• Tap on the “Back up manually” option to store it as a text on your phone.

 

 

Note: You can also store it on your iCloud if you’re using it on an iPhone.

• Tap on all of the checkboxes and tap on the “Continue” button.

 

 

• Copy the phrases to store them somewhere and tap on the “Continue” button.

 

 

• Now, select a few phrases in the order they were generated and tap on the “Confirm” button.

 

 

Now that your wallet is created, the next step is to add funds in the form of USDT to your account.

The procedure is identical to the one used in Phantom Wallet.

• Start by opening your Trust Wallet and taping on the “USDT” option. 

 

 

• Now tap on the “Receive” icon.

 

 

• Copy the address for USDT.

 

 

• After that, go to the Binance app and tap on the “Withdraw” icon.

 

 

• Again, tap on the “Withdraw” option.

 

 

• Choose the USDT option.

 

 

• Tap on the “Send via Crypto Network” option.

 

 

• Go back and paste the previously copied USDT address of your Phantom Wallet.

 

 

• Select the network by which you want to send this USDT.

 

 

• Enter the amount of USDT you want to send and tap on the “Withdraw” button.

 

 

• Tap on the “Confirm” button.

 

 

• Complete the authentication process for both Email and the Authenticator App.

 

 

After the verification process is complete, the USDT on the Ethereum network will be transferred to your Trust Wallet.

• Start by opening your Trust Wallet app and tap on USDT. 

 

 

• Tap on the “Swap” icon.

 

 

• Now, set the bottom coin to Ethereum.

 

 

• Enter the amount and tap on the “Continue” button.

 

 

After verifying all of the details, simply tap on the “Swap” button, and the coin will be added to your wallet.

Note: Make sure that you have the gas fee in the form of ETH.

Conclusion

If you manage to follow the entire procedure correctly, you’ll see that Ethereum is now available in your wallet. To further keep your ETH secure, use a hot wallet like Argent Wallet. One thing that you should always keep in mind is to do your research before buying any kind of coin. 

Even though ETH is a popular coin, you should stay up-to-date with the market to maximise your profit. That’s why if you need any kind of guidance, Cryptonary is here to help. No matter if it’s a guide on the safest ways to buy crypto or recent market updates, we’ll make sure to provide you with the most accurate information.