How To Buy Ethereum
In Person with Cash, Debit, Credit Card, or Wire.
Coin Nerds can show you exactly how to buy Ethereum. It’s really easy. You can either sign up to buy ETH online through the Coin Nerds website or come visit us in person. Check out the information below to learn more about what Ethereum is, why it’s valuable, and how you can add and store it in your crypto portfolio.
What Is Ethereum?
Ethereum is the second most valuable cryptocurrency in the world. It launched in the summer of 2015, branding itself as the most powerful decentralized world computer. It’s also the world’s first-ever smart contract platform.
Unlike Bitcoin which was invented by an anonymous programmer or group of programmers named Satoshi Nakamoto, the founder of Ethereum is Canadian programmer Vitalik Buterin.
Thanks to the success of the project, Buterin is one of the world’s youngest billionaires and one of the wealthiest people in cryptocurrency. He went to university in Waterloo, Ontario and calls Toronto home.
Alongside Buterin are seven other co-founders of the project including fellow Canadian Anthony Di Iorio, and the current founder of Cardano, Charles Hoskinson.
Today, many cryptocurrencies allow developers to raise funds for building out applications that can live on blockchains. These are called decentralized applications, or DApps. Ethereum was the first-ever cryptocurrency to offer such a fundraising mechanism to the blockchain space, and many other cryptocurrencies now offer the same thing.
Much of Ethereum’s value comes not just from its future potential, but the fact that the platform has a first-mover advantage over the thousands of altcoins that exist today. Many of them wouldn’t exist if not for Ethereum.
How Do I Store My Ethereum?
Storing Ethereum can be stored just like Bitcoin. You can use a paper wallet, a mobile app, an online wallet or a USB-style hardware key.
How to Store Ethereum on a Hardware Wallet
Storing Ethereum on a hardware wallet is by far the safest way to safeguard your crypto. Any crypto holdings connected to a website or central server are always at greater risk than holdings stored on a USB key that can be disconnected from the web.
That makes total sense, right?
There are many hardware wallets available for sale, but the two most popular brands are Trezor and Nano Ledger S. Both wallets allow you to plug your key into the USB slot of a computer, set up a 12 or 24-word password that protects your wallet, and send and receive your Ethereum tokens via software that connects you to the blockchain.
How To Store Ethereum on a Paper Wallet
Using a paper wallet is another great way to keep your cryptocurrency away from an Internet connection. No matter which wallet you use, your crypto is always stored on the blockchain it’s associated with. Your wallet simply password protects your private keys and allows you to communicate with the blockchain when you want to make an exchange.
Holding onto a paper wallet simply means that you’re printing off your 12 or 24-word password on a piece of paper and keeping it in a safe place for you to reference rather than relying on a USB key or digital wallet.
How To Store Ethereum on A Crypto Exchange or App
Storing your Ethereum tokens on a mobile app or online is the most convenient way to get started with crypto. The same applies if you choose to go with the mobile app on your phone.
Keep in mind that storing any cryptocurrency on a website or online server is always riskier than keeping it offline. A blockchain can’t be hacked because it is decentralized and doesn’t have a focal point to attack. But a website or mobile app can be exposed.
How to Buy Ethereum at Coin Nerds
Coin Nerds is the place to go if you’re looking to purchase your first Ethereum tokens.
You can sign up as a customer for free online, or come visit us in person. Once you’re a customer, you just have to decide how much Ethereum you want to buy and the payment method you’d like to use.
Once you buy your Ethereum tokens, you can log on to Ethereum’s blockchain explorer, copy and paste your wallet address into the search bar and confirm that your tokens are in your possession
Coin Nerds Is Your One-Stop Crypto Shop
Our staff at Coin Nerds offers friendly, expert-level customer service on all things cryptocurrency and blockchain technology. We’d be glad to help you learn how to buy Ethereum no matter what your level of experience.
Sign up online to become a customer or come visit us at Is located at 848 Burnhamthorpe Road West Unit #3A in Mississauga. We are open from Monday to Friday from 10am to 6pm and Saturdays from 10am to 4pm.