Ethereum is both a cryptocurrency and a platform for decentralized online services that adds value to the technology. The blockchain system is commonly referred to as Ethereum, and the cryptocurrency based on it is called Ether.

Ether is the second most popular cryptocurrency after Bitcoin. It's also the foundation for other alternative cryptocurrencies, as a result, it's a financially profitable endeavour.

If you're considering purchasing Ethereum as part of your portfolio, this article will explain to you the most practical ways.

How to buy Ether with Kolo?

Kolo is a cryptocurrency platform that supports multiple currencies. It's functional as a means of payment that facilitates the purchase of cryptocurrency. One significant advantage is that ETH can be purchased with fiat currencies straight from the card.

To purchase ETH, you need to follow these steps:

1. Go to the Kolo website and log in to your account.

2. Visit the Exchanger section in your profile and choose the Buy crypto section.

3. Enter the desired amount of ETH and provide your ETH wallet address

4. Add all the necessary personal information. After that, confirm the purchase.

How to buy ETH on Binance?

Binance is the most popular cryptocurrency exchange by trading volume. You can purchase various tokens, and there are even some different ways to purchase Ether. We will discuss the most basic of them.

To purchase ETH on the Binance exchange, you need to follow these steps:

1. Install the Binance app on your phone or visit the website.

2. Go through the registration and verification processes.

3. Go to the Buy Crypto section.

4. Enter the currency and the amount that you want to give.

5. Select ETH as the cryptocurrency that you want to receive.

6. Select the available payment method, and choose the payment account or bind the payment card.

7. Confirm the transaction by pressing Buy ETH.

8. Check if the ETH has been deposited in the wallet.

Conclusion

It's more common for people to buy Ether every year. The most important thing is to choose a method that is most effective for you, and don't forget about the three whales: safety, availability, and timing.