Ethereum is a very popular digital currency and smart contract platform. It is not just a virtual currency; it also provides a decentralized platform for developers to build and deploy various smart contracts. Compared to Bitcoin, Ethereum has faster transaction speeds and higher scalability. It is continuously evolving, introducing new upgrades and improvements to enhance performance and security. In summary, Ethereum is a widely popular digital currency and smart contract platform that offers limitless innovative possibilities for developers and businesses.
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As the second-largest cryptocurrency globally, Ethereum currently has a market value of over $400 billion and has become a core component of digital asset portfolios. Whether you are a newcomer to cryptocurrency or an experienced investor looking to optimize trading channels, this article will provide a comprehensive overview of mainstream Ethereum purchasing channels and offer a step-by-step purchasing tutorial.
Where can Ethereum be purchased? Overview of Ethereum trading software and purchasing tutorial.
Where can Ethereum be purchased?
For domestic users, there are currently two major trading software options, Binance and OKX, that allow for relatively simple and secure buying and selling of Ethereum. Both platforms support registration using domestic mobile phone numbers and email addresses.
Introduction to Binance
Binance, one of the largest cryptocurrency trading platforms in the world, has reshaped the global digital asset trading landscape at an astonishing speed since its establishment in 2017. Binance has users from 180 countries and boasts over 140 million users, with a daily trading volume exceeding $10 billion, making it an undeniable presence in the cryptocurrency field.
Binance's core business is cryptocurrency trading, offering a wide variety of trading pairs. Whether it is mainstream cryptocurrencies like Bitcoin and Ethereum or various emerging niche cryptocurrencies, users can find corresponding trading markets on the Binance platform. The platform supports various trading methods, including spot trading, contract trading, and leveraged trading, catering to different users' investment needs and risk preferences. For novice investors, Binance provides a simple and easy-to-understand trading interface and detailed tutorials to help them get started quickly; for professional traders, Binance offers advanced chart analysis tools and in-depth market data to assist them in making more precise trading decisions.
In terms of technological innovation, Binance is always at the forefront of the industry. It employs advanced distributed system architecture and encryption technology to ensure the security of user assets and the stability of transactions. Binance continually invests in research and development resources, launching new features and services such as Binance Chain and Binance Smart Chain. Binance Chain is a high-performance public chain primarily used for issuing and trading digital assets; Binance Smart Chain is compatible with Ethereum, supporting the development and deployment of smart contracts, providing a good ecological environment for the development of decentralized applications (DApps), attracting numerous developers and project parties.
In addition to trading services, Binance is also actively expanding its ecological landscape. It has launched the Binance Wallet, providing users with secure and convenient digital asset storage solutions; established Binance Labs, focusing on investing in and incubating promising blockchain projects; and launched Binance Academy, offering free blockchain knowledge education services to promote the popularization and development of the entire industry.
Where can Ethereum be purchased?
Introduction to OKX
OKX was also established in 2017 and has developed a large user base over the years, with a daily trading volume currently ranking second in the industry, occupying a significant position in the digital currency trading field.
One of OKX's core advantages is its strong technical support. The platform uses advanced distributed architecture and encryption technology to ensure the efficient and stable operation of the trading system and the security of user assets. In terms of trading speed, OKX can achieve millisecond-level order processing, allowing investors to seize trading opportunities in a rapidly changing market. At the same time, the platform has strong anti-attack capabilities, effectively resisting various network attacks to safeguard users' transactions and assets.
A rich variety of trading products is another highlight of OKX. In addition to common trading pairs like Bitcoin and Ethereum, OKX also offers numerous niche but promising digital currency trading options to meet the diverse needs of different investors. Furthermore, the platform supports various trading modes such as contract trading and leveraged trading, providing investors with more avenues for profit and strategy choices. Whether you are a novice investor or an experienced trading expert, you can find a suitable trading method on OKX.
Where can Ethereum be purchased?
Ethereum purchasing tutorial
Register an account
Click the "Register" button in the upper right corner of the OKX official website page, supporting registration using domestic mobile phone numbers and email addresses.
Fill in the 6-digit verification code sent to the registered email or mobile number, and click the [Next] button.
Select "China" for your residence/country, and click the [Next] button.
Follow the prompts on the page to set your account password, and click the [Next] button to complete the account registration.
Security settings
Open the OKX official website and log in to your registered OKX account.
Click the button in the upper right corner and find "Security Center."
Bind "Mobile Verification," "Authenticator," and "Email" respectively. All three are important, and it is recommended to set them all.
Purchase USDT
Go to the OKX App homepage, find the "Buy Crypto" button, and click "Quick Buy Crypto";
Select the currency type as "USDT";
Enter the purchase amount and click "Next";
You can use Alipay, bank card, or WeChat for payment. We choose WeChat and then click "Next."
Enter the payment page, first confirm whether the quantity we are purchasing is correct. If confirmed, add the seller as a friend according to the transfer information provided by the seller and transfer to the seller. After the transfer is successful, click the "I have paid" button at the bottom of the page to notify the other party.
Notes:
- Payment must be made in your real name; otherwise, the account may be frozen.
- Do not include any remarks related to buying crypto during payment, such as "buy crypto," "USDT," "buy crypto funds," etc., or the payment may fail.
- Before payment, verify that the recipient's name matches the one on the order.
- Click the "I have paid" button to notify the other party only after payment is made.
Once the above steps are completed, the USDT we purchased will arrive in the spot account shortly. Click the "Assets" button at the bottom right of the homepage to view.
Purchase Ethereum
Fund transfer
The purpose of the transfer is for currency trading; USDT can only be traded when it is in the "Trading Account."
Go to the OKX homepage, click the [Funds] button in the bottom right corner, and click [Fund Transfer].
Note that the transfer direction is from "Fund Account" to "Trading Account." Select the currency as: USDT, click "All" for the amount, and click the [Confirm] button.
Buy Ethereum
Go to the OKX homepage and click the [Trade] button.
Enter "ETH" in the search box and select "ETH/USDT."
Click "Buy," select the "Market Order" button (market order means buying at the latest market price), drag the slider below the amount to choose the amount of ETH you want to purchase, and click the "Buy ETH" button. This completes the purchase of Ethereum.
That concludes the overview of where Ethereum can be purchased, the Ethereum trading software review, and the purchasing tutorial.