Ethereum (ETH) is the second-largest cryptocurrency by market cap, and it's easy to buy on Binance. First register on Binance to open an account, and download the Binance APP to buy ETH right from your phone.
Methods to Buy ETH
Quick Convert
- Open the Binance APP and find the "Convert" feature
- Select to convert USDT to ETH
- Enter the amount to convert
- Check the exchange rate and confirm to convert
- ETH arrives in your wallet instantly
Spot Trading
- Go to the spot trading page
- Search for the ETH/USDT trading pair
- Select the buy direction
- Enter the price and quantity (or use a market order)
- Confirm the order
When to Buy ETH
No one can accurately predict price movements. If you're bullish on Ethereum's long-term development, consider buying in batches through regular fixed-amount purchases to avoid the risk of buying all at once at a peak.
What Can You Do After Buying ETH
- Hold long-term for appreciation
- Stake ETH to earn yields
- Participate in DeFi protocols to earn interest
- Use it to pay Gas fees on the Ethereum network
Fees
Binance spot trading fees are 0.1%, which can be reduced to 0.075% by using BNB for fee deduction. The Convert feature's costs are already included in the exchange rate.