This article will guide you on how to buy Ethereum (ETH Coin) in a detailed and easy way, especially for those who are new to the crypto market.
Where to Buy Ethereum Safely
Currently, in Vietnam, buying, selling, and trading Ethereum has become very simple with 2 reputable options:
- Buying Ethereum through an exchange.
- Buying ETH through an intermediary (OTC).
Through an Exchange
In Vietnam, you can buy Ethereum on reputable exchanges such as:
- Remitano.com
- Binance
- Buyselleth
Of the 3 exchanges above, I personally find buying Ethereum on Remitano the simplest with the following 3 advantages:
- Reputation: Remitano is considered one of the most reputable Ethereum trading markets in Vietnam, with a large number of users.
- Flexible amount: You can buy Ethereum in large or small quantities depending on your needs.
- Relatively cheap price: According to users and experience, the selling price of ETH on Remitano is cheaper than on other exchanges.
Besides the advantages, the only downside of Remitano is the relatively high transaction fees.
Specifically, ETH transaction fees are calculated as follows:
- Ethereum trading fee: 1% of the total transaction amount.
- Ethereum deposit/withdrawal fee: 0.005 ETH for each deposit/withdrawal.
For example, if you buy 10 ETH for 150 million VND, your transaction fee will be 1% of 150 million VND = 1.5 million VND/ETH. This fee is also applied similarly to selling Ethereum on Remitano.
Through an Intermediary
In reality, the nature of current exchanges is nothing more than a reputable intermediary organization that makes you feel you can trust them.
How it Works
I will give an example of this issue to help you better understand how it works when buying Ethereum through an intermediary.
Example: Mr. A posts an advertisement to sell Ethereum in a coin trading group, and you are the one who wants to buy Ethereum.
After the two parties agree on a reasonable price that is agreeable to both the buyer and seller > You find a really reputable intermediary (usually the admins/mods of forums or reputable groups) who will receive your VND first.
The seller transfers the Ethereum to your wallet > After the Ethereum has entered your wallet, the intermediary will transfer the VND to the seller.
When buying and selling through an intermediary, the price may be slightly cheaper than on the exchange.
However, currently, many people impersonate admin accounts to misappropriate and scam. So you should limit using this method, especially if you are new to this market.
Guide to Buying Ethereum (ETH) on Remitano
First, make sure you have a Vietcombank bank account with Internet Banking enabled.
Step 1: Create an Ethereum wallet address
To start the process of buying Ethereum, you need a wallet address to store ETH.
Currently, there are many types of wallets to store ETH. Below are the 2 most popular types:
- Hardware wallet/Cold wallet: This is the best option for storing Ethereum due to its security. You can store ETH using a Ledger Nano S or Trezor wallet. These are the two best hardware wallets available today.
- Software wallet: If you don’t have a large amount of ETH and want more flexibility, you should choose some type of software wallet like MyEtherWallet, Jaxx, etc. However, the problem with storing on these wallets is the risk of being hacked.
Step 2: Register a Remitano account
After you have an Ethereum wallet address, the next thing you need to do is register an account on the Remitano exchange.
This will help you buy Ethereum on Remitano quickly, safely, and reliably.
Step 3: Buy ETH on Remitano
After you have successfully registered a Remitano account, you are now ready to trade Ethereum.
Below, I will guide you on how to buy ETH on Remitano most safely. Please pay close attention!
- Deposit money into your Remitano account
First, to start the process of buying ETH, you need to deposit VND into your Remitano account.
To deposit money into your VND wallet on Remitano, follow the instructions below:
First, go to https://eth.remitano.com/vn and select the VND wallet as shown below.
Next, enter the amount of VND you need to deposit to buy ETH and click the Deposit button.
Conclusion
With this article, I hope that you now know how to buy Ethereum using VND easily. I wish you successful transactions!
If you have any questions, please leave a comment at the end of this article! I, as well as the Coin98 Insights team, will try to answer your questions as soon as possible.
Best regards and see you in the next articles!
