What is Ethereum and how does it work?

Ethereum is a distributed computer and a blockchain. Users can build applications on Ethereum, send transactions, and verify the result without any intermediaries. It is considered quasi-Turing complete, which means that you can build applications with limited complexity on it.

What are the best platforms to buy Ethereum?

The best platforms to buy Ethereum depend on your country of residence, the range of fees you want to pay, and platform security. Some of the best centralized exchanges to purchase ETH are Coinbase, Binance, and YouHodler.

Are there fees associated with buying Ethereum?

Yes, users that want to purchase ETH must pay fees. Centralized exchanges typically have a minimum of trading, conversion, and deposit fees. Decentralized exchanges typically only have gas fees and trading fees.

How can I safely store my Ethereum tokens?

To store your Ethereum, you will need a wallet. You can choose from a hardware, software, or paper wallet. Hardware and paper wallets are considered safer but inconvenient; on the other hand, software wallets are more convenient but have more vulnerabilities.

Where is the cheapest to buy ETH?

MEXC currently has the lowest trading fees, sitting at zero fees. This fee is subject to change at times. Most exchanges' fees for purchasing ETH are around 0.1%.

Can I buy Ethereum with a credit card?

Yes, it is possible to purchase Ethereum with a credit card. Some exchanges are limited in the payment methods they accept. However, many exchanges will accept purchases from credit cards directly or through third-party payment processors.

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