How to Buy Ethereum in Europe for Beginners 2018

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This Article contains Affiliate links. Read our disclaimer.

I have been using Bitpanda to purchase Ethereum and other cryptocurrencies in Switzerland for the last two years. Bitpanda, formerly known as Coinimal, is a trustworthy and reliable company when it comes to purchasing and selling Ethereum. I have never had any problems even when sending larger sums of money either by credit card or instant transfer (sofort überweisung).  This is one of the fastest ways to purchase Ethereum at the current market price.

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Signup on Bitpanda

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Add your user information

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Make sure you use a passwort that is secure and that you can remember.

Important: Under the Security tab enable Two Factor Authentication. 

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Enabling Two Factor Authentication will make it much harder for someone that knows your password to access your account.  This makes sense if you are keeping large amounts of cryptocurrency on your Bitpanda account. However, keeping large amounts on an exchange is never recommended.

Verification Process

To get the Gold verification level you need a laptop with a webcam and a Passport or Identification

Start the verification Process with IDnow. 

When the ID verification process is completed you will have all verification levels.

Purchasing Ethereum

Click on Buy

Select Ethereum

  1. This is the current purchasing price. This price is slightly higher than the current trading price since it includes fees.
  2. This is the amount you would like to spend
  3. The amount of Ethereum you will receive.

An important thing to note: You will need to account for transaction fees when sending Ethereum from your Bitpanda wallet to your web wallet, desktop wallet or nano ledger s

Click on Next

Select your Payment method

Supported Payment Methods

  • Sofort-Transfer
  • Visa/MasterCard
  • Neteller
  • Skrill

Until now I have only used the payment methods Sofort-Transfer and Visa/MasterCard to buy Ethereum.  These two methods have been fast and reliable for me and friends that have used Bitpanda.

 

Click Next again and finalize your Ethereum purchase

This is the final step. You have 60 seconds to purchase Ethereum at this price. If you are happy with the price and are aware of the risks in cryptocurrency investments, then click “Order with obligation to pay.”

Continue with your selected payment method.

As soon as you finished your payment you can find your Ethereum in your Bitpanda wallet. The processing time can take a few minutes.

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Next steps?

  • You can leave small amounts on your Bitpanda wallet.
  • Withdraw your Ethereum

Larger amounts should be stored safely on a cold wallet or ledger nano S

If you have any Feedback or improvement suggestions it is highly appreciated.

How to buy Ethereum in France; How to buy  in Germany; How to buy in Switzerland; How to buy  in Basel; How to buy in Zürich; How to buy in Geneva

 

 

 

 

 

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  1. April 18, 2018

    […] Create a Bitpanda account if you don’t already have one.  How to Buy Ethereum for Beginners 2018 […]

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