Over the last year, Ethereum (ETH) has become a pretty reputed cryptocurrency alternative to Bitcoin (BTC). However, just as Bitcoin and its rival Litecoin (LTC) has been widely accepted by people, Ethereum has also been widely adopted. Several startups and companies have adopted Ethereum as a means of transaction as well. This means that you will have to buy Ethereum first in order to use it.
In the crypto war, Ethereum gives a vibe of being the diamond of the currencies where it both possesses an intrinsic and an industrial value. Comparing this with Bitcoin, which operates much like gold does not possess much industrial value. However, people are interested to buy and sell it based on the intrinsic value of the asset to the holder.
When this opportunity has been passed on to Ethereum, many people became curious and wanted to know what the cryptocurrency is, how it is different from Bitcoin and how one can invest in it. In this regard, you must also be aware of the potential risks of investing, the ability to mine it and thereby create your own wealth of Ether. Ether is the actual monetary unit of Ethereum.
In this article we are stressing on how to buy Ethereum via different methods and in different countries as well. We would also like to mention where Ethereum is accepted as a mode of payment and where it is completely banned.
How Can You Buy Ethereum With A Credit Card?
A credit card serves as the most convenient payment method for everyday use. This has made the crypto enthusiasts wonder whether purchasing Ethereum (ETH) with a credit card will offer the same convenience and accessibility. This gathers the potential buyers to a place where they are much eager to learn how they can obtain ETH with the help of a credit card. Fortunately, we have an answer to this.
If you are a beginner, the quickest method to buy ETH with a credit card is to visit one of the renowned crypto exchanges after you have created a cryptocurrency wallet for storing your crypto assets. The cryptocurrency exchanges perform as a brokerage-cum-trading platform that usually permits the purchase of Ethereum and the other crypto tokens using a credit card.
The most popular crypto exchanges that you will find include Coinmama, Changelly, Coinbase and CEX.io. You may also go ahead and do your own research to find out the most reputable ones apart from these and see if they suit your preference. Additionally, you would also want to check your region’s support from the exchange as some of these exchanges might not work globally.
The registration process in most of the crypto exchange platforms is pretty straightforward that involves creation of your account, verification of your account and linking it with the supported credit card. You will also have to configure and certify your credit card too. This will be followed by setting the amount of Ethereum that you would like to purchase. Before you go ahead and buy Ethereum making use of a credit card, here is a word of warning. You must check and calculate the transaction fees that the exchange uses for avoiding facing an awful surprise at the end.
There is another method that you can employ to buy ETH with the help of your credit card. This method calls for the usage of the peer-to-peer exchange platforms that permits you to get in touch with the local buyers and sellers. The best part is that you can conduct transactions with them at no additional charges. However, this is a bit riskier option due to the potential scammers and it is a fact that finding a seller accepting credit card payment might also require a bit of searching on your part.
How Can You Purchase ETH With Cash?
Purchasing ETH with cash has specific pros and cons that you might have to consider before you buy them. Cash purchase also benefits you with the ease of the process and the privacy that comes with it. This process will also save you some of the time and prevent you from spending some extra charges that otherwise are levied on the crypto exchanges. Plus, you do not have to follow the annoying laws that might be associated with the purchase of Ethereum.
The purchase of Ether with the digital cash can be done with the easiest and formal method using any respectable fiat-to-crypto platform that supports the buying of the cryptocurrencies using the currency of your choice.
Some of the best fiat-to-crypto international exchanges and broker services are:
As soon as you register your account and link it with your preferred bank account and a cryptocurrency wallet, you are all ready for the purchase. You must also keep in mind that the exchanges will charge an extra amount as their fee for the service that you enjoy from them. In addition to this, you might also have to go through the process of AML and/or KYC check prior to buying anything. But if you are unwilling to go through such processes, you might choose Changelly or ShapeShift over the other available options.
Decentralized Exchanges (DEXs)
You might also try a decentralized exchange alternatively. It is a fact that they are comparatively slower and a tad bit complicated to use than the centralized services. They often offer a specific degree of privacy and anonymity that is unmatched by the centralized exchanges. Some of the decentralized exchanges or DEXs offering fiat-to-crypto services include:
- Waves DEX
In both of the above mentioned, buying Ethereum with traditional hard cash is not possible. For that you have to depend on the peer-to-peer (P2P) exchanges.
This is the best way if you want to buy ETH with the help of cash and at the same time you are not concerned about the formalities. The P2P exchanges are decentralized platforms that function as the virtual marketplaces for the ETH owners. For instance, they work just like eBay which is much less formal with just a couple of rules that are pretty easy to follow.
One of such peer-to-peer exchanges is LocalCryptos. It is a well-established platform and you can consider it as a relatively safe platform for spending your cash on. However, you must also check how you exactly deal with someone who wants to sell you ETH and determine if the person is completely trustworthy. This is completely your responsibility. The best way you can determine if a person can be trusted upon is by checking their profile, reviews (the platform and other external platforms) and history.
This platform usually offers internal messaging services that permits one to arrange for a meeting with the seller you choose to deal with. Since the hard cash and the anonymous individuals are also involved in this deal, it is better to organize such meetings in a public place. Additionally, you can also check the information on the local meeting places of the cryptocurrency enthusiasts and the cafes in your area. You must meet like-minded people in this process.
As soon as you are sure that the individual you are dealing with is authentic, you can exchange opinions on how you can buy Ethereum against cash from them. The peer-to-peer exchanges are pretty useful on this point as well. In this regard, this needs to be clarified that the P2P exchanges are not the sole platforms for trading Ethereum. The cryptocurrency exchanges like Kraken and Coinbase are also some of the options that you might want to get into. They give you a sense of your personal Ethereum cash exchange and additionally support the pairing of ETH with your currency.
Cryptocurrency ATM is one of the latest additions and probably this might help you a lot if you are looking for an easy yet less time consuming on the go method to buy Ethereum. So, the Ethereum ATM just like the Bitcoin ATMs in your local area will help you to purchase ETH on the go. The Ethereum ATMs are Automated Teller Machines that offer Ethereum against your hard cash. CoinATMradar.com is probably the best website that helps you locate your nearest ETH ATM.
Below is how you can buy Ethereum via a local ETH ATM with cash:
Acquire An Ethereum Wallet
You can choose any simple Ethereum wallet. You can choose anyone from Blockchain.info, Metamask, BRD, Jaxx or MyEtherWallet. If you prefer hardware wallets, you can go for Trezor or Ledger Nano S or Nano X.
Locate The Nearest ATM
You can take help from the website CoinATMradar or any other similar service.
Place An Order
For this, you need to tap the touchscreen of the ATM machine and follow the further instructions. While choosing cryptocurrency, choose Ethereum. Some ATMs might require your ID or phone number verification for completing the transaction. Thus, you need to follow through these steps if that is the case.
Scan QR Code & Complete Payment
Now you have to access your ETH wallet and find the public key. You need to scan the QR code using the camera of the ATM. Then insert the cash into the ATM machine and follow the successive steps to complete your order.
Receive Ether In Your Wallet
This is all in this type of purchase of Ethereum via the ATM. Once your transaction gets confirmed, you will receive your desired Ether to your wallet.
These are the basic procedures and alternatives on how you can buy Ether using both the digital and physical currencies.
How Can You Buy Ethereum With PayPal?
If you own a PayPal account, buying Ethereum with it can be pretty intriguing. It aids the people to buy ETH if they are facing certain banking restrictions in their countries of residence. Meanwhile, this is a viable alternative to banks as the transaction fee and the conversion fee of the banks are pretty much higher. This means that some people might not feel the fees are not viable. In this segment, we will cover some of the easy and legit ways in which you can use your PayPal account to buy Ethereum.
Since late 2020, PayPal has permitted its users to purchase cryptocurrencies using their e-wallets. The process is pretty simple. All you have to do is possess a funded PayPal account, select the crypto coin that you are willing to purchase and confirm your purchase.
However, buying Ethereum using your PayPal account has its own drawbacks. For example, PayPal restricts its users to withdraw your cryptocurrency assets into a private and self-hosted wallet. That means that you would not be able to use it for anything else. You are only eligible to sell it back to PayPal as soon as its price fluctuates.
The essence of the digital currencies is the ability to own the private digital cash without the need to rely on the intermediaries and send or receive them in a censorship resistant method. Fortunately, receiving crypto via PayPal is a pretty safe way for getting exposure to the asset class. However, it does not permit you to use it in the method it was made to be used, that is as an open peer-to-peer (P2P) and free financial system without trusted intermediaries.
Luckily, there exists three other methods of purchasing Ethereum with PayPal instantly using the other platforms that offer complete ownership of the digital assets.
Buying ETH With PayPal Via eToro
This is probably the easiest way to purchase Ethereum using the eToro platform. Although eToro is a CFD trading platform, you can additionally buy, hold and send the crypto tokens using eToro wallet. Apart from Ethereum, you are also eligible to use PayPal for purchasing Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Dash and Ripple (XRP). The platform on its own is very easy to use and is mostly regarded as one of the best places for the novice investors. The basic deposit starts from $200. Back in 2019, the platform had pledged to release support for more coins and enter the US market as well which it did.
Buy Ethereum Using PayPal Via LocalCrypto
The platform LocalCrypto can also help you greatly with the purchase of Ethereum. You will be able to get in touch with the people that trades in ether in various areas. Depending on the preference of the sellers they might choose to transact via PayPal.
This platform, as already mentioned, works as an online portal that connects you with the sellers that are looking to sell their ETH worldwide or in your local area. The sooner or later you are assigned with a seller that accepts PayPal payment depends highly on how you search for the seller.
If you are willing to purchase ETH with PayPal in this specific way, then you need to pay attention to all the aspects of a transaction in advance as you are the only person to bear the risk of dealing with the scammers. Some of these scammers might also claim that they have not received your payment. Thus, you must choose reputable traders only. You need to ensure that you have adequate knowledge about them before a trade is successful.
Purchasing Ethereum with PayPal Utilizing LocalBitcoins
For this, you need to visit the LocalBitcoins website that functions as an informal P2P exchange for Bitcoin enthusiasts. Based on who you get in touch with, that seller might be willing to accept payment via PayPal in exchange for their Bitcoins. You can accept Bitcoins and then convert it into Ether. That being said, to accomplish this task, you would also need to register on any one of the altcoin exchanges.
By far, we have mostly covered all the aspects of buying Ethereum. Now, we will move to the geographical aspect of purchasing Ethereum.
ETrade & Purchase Of Ethereum
Etrade serves as a brokerage firm for the buying, selling and trading of securities. It is not any cryptocurrency exchange that will support the buy and sell of the cryptocurrencies. However, there is a notable exception. You might be intrigued to know how to buy Ethereum ETrade. Well, you can purchase ETH and Bitcoin via the same platform in the futures form. This is because as of now, this is the complete extent of the crypto support on the platform.
How Will You Buy & Sell Ethereum In The United Kingdom?
Ethereum has emerged as the second most popular cryptocurrency that has not yet gone unnoticed in the United Kingdom. This resulted in the growing number of people seeking to know how they can buy ETH in the UK or sell it. Ethereum possesses the potential to become a global currency. Despite this fact, it still lacks the equal level of support amongst the various countries. This leads to some limitations in the process of trading Ether.
If you are eager to buy Ethereum UK, then the safest method to do so is via the cryptocurrency exchanges such as Bitstamp, Coinbase and Coinfloor. They permit you to conduct this while charging a small commission fee that you need to check in advance. The very first step that you need to take is to create your account with any one of the platforms. This would be followed by submitting your documentation, confirming your residence and identity for verification. After you link your exchange account to your bank account, you need to check the supported cryptocurrencies and you will be good to go.
If you are a resident of the UK, you will have to keep in mind that some of the banks do not readily work with the entities that are involved with the cryptocurrency transactions. This serves as the reason behind some of the cryptocurrency exchanges preferring to conduct their banking services from the other European Unions. You need to be prepared for dealing with the charges that are related to SEPA or Single Euro Payments Area and the potentially prolonged transactions.
If you are looking forward to selling your ETH holdings in the UK, then the same crypto exchanges will be helping you. It is your sole responsibility to check their currency support, fees and rates. The P2P platforms are the other viable option in case you are wanting to sell Ether in the UK as well as buying it.
How Will You Buy & Sell Ethereum In Canada?
The buy and sell of Ethereum in Canada is a pretty interesting option for most of the residents of this country. If the upfront costs and the technical fuss of mining is something you want to avoid.
For the beginners, an easiest and the most practical option for buying Ethereum in Canada is the usage of the Canada based crypto exchanges or those that possess global coverage including Canada. Before opening any account on the crypto exchanges and trying to trade your crypto coins, you will have to open a bank account in Canada and/or acquire a credit card valid in this country. Following this, you need to choose one of the best digital currency exchanges as per your preference.
After you have selected your preferred crypto exchange, you are required to create an account on it and also verify it. Verification is necessary for being able to link your bank account or your credit card with a cryptocurrency wallet where you can store your Ether. The differences between the cryptocurrencies exist owing to fees, purchase limits and the supported cryptocurrencies.
Knowing how you can sell Ethereum in Canada is as easy as buying it as soon as you become familiar with the operation of the cryptocurrency exchanges. As you possess Ethereum in your wallet, you can sell the Ether in Canada simply through abiding by the exchange provided instructions.
However, the less formal method to purchase Ethereum in Canada is to conduct trade using the P2P exchanges. They permit you to get in touch with those individuals who are interested in trading their ETH. With LocalCryptos you can be rest assured that there are no transaction fees involved and that you can negotiate the most suitable payment method for both the parties.
How Will You Buy & Sell Ethereum In India?
If you belong from India, you will be glad to know that the popularity of Ethereum is on the rise in the country. It is probably the second most talked about crypto in India at this moment after Bitcoin. With the interest in Ethereum, people are slowly growing inclination towards Ether mining or Ether trading. As of now, these are the two basic options to acquire Ethereum in India.
For some of the Indians, Ethereum mining is not an option owing to the initial investments and the potentially low returns. This being the reason why the Indian population is very curious to buy Ethereum in India and trade it for the long term profits.
Currently, the easiest option to buy Ethereum in India is to proceed with one of the Indian crypto exchanges and set up an account and a wallet with them. The wallet will enable you to purchase, exchange and trade your ETH tokens. You can also go ahead and buy ETH using fiat currency that is INR or Rupees once your bank account is linked to one of the India crypto exchanges. The bought Ethereum will be stored in a wallet that is the easiest method to keep it for the beginners while the experienced users might opt to explore the other options.
Another similar option that will let you purchase Ethereum is to purchase Bitcoin on one of the exchanges and then exchange it with Ethereum on any reputable cryptocurrency exchange having global coverage. The cryptocurrency exchange is probably the best place to buy Ethereum in India. If you have already done this process and are now looking for a way to sell your ETH in India, then we must say that it is equally easy. You can do it via any P2P exchange for a fee. If you want to convert fiat to Bitcoin and then to ETH, you need to check the exchange fee and tally with the current exchange rates.
Things To Take Into Consideration Before Selling Ethereum
Whether you are buying ETH or mining it, at a certain point of time you would feel the urge to sell your ETH holdings. The reasons behind selling your ETH might vary with the situation. You might feel that the number of businesses that are permitting direct purchases with Ethereum is much smaller or you might have plans to sell your Ethereum holdings to gain profit. Whatever your reasons might be, you would surely want to know where you can sell your Ethereum without all the fuss.
If you have gained Ethereum through purchasing, selling them will be even easier. This is owing to the familiarity with the place that you need to revisit, that is the cryptocurrency exchanges. These platforms offer the best place for selling your digital currencies including Ethereum for the beginners and the experienced users as the entire process is quite similar to purchasing it in reverse. Thus, before you sell your ETH holdings on an exchange, you need to make sure that you cross check the jurisdiction of the exchange on your territory and the services that they provide in relation to Ethereum.
After you set up your account with the preferred crypto exchange and provide your personal data, you will have to decide whether you would like to trade your Ethereum against a fiat currency or another cryptocurrency. You can either state that you are selling your ETH or look for the existing orders for it. In any of the cases, you might want to keep an eye on the volatile rates of the exchange. Additionally, some of the exchanges might be mostly oriented for dealing with the larger trading volume which are more suitable for the big-time traders and investors. Thus you need to check this in advance.
While talking about the exchanges, one of the major challenges of selling Ethereum is the constant slowness of the verification process. This is owing to uploading large files or documentation and awaiting review of your account. Additionally, the fees that they charge for the open buy and sell might not be preferred by many.
If you want to go for a more informal alternative, then you might want to choose peer-to-peer trading platforms like LocalCryptos or related that offer the fastest way to sell Ethereum. In this regard, it can be said that you can also choose to sell your Ethereum on a decentralized platform that does not have any intermediaries. Since the transactions on the blockchain are effected by the smart contracts, your knowledge of this would be better helpful in such transactions or trades.
Considering the Ethereum selling tips, all of it depends on what you are attempting to achieve and if you are looking for either long-term or short-term profits. But, here are a couple of most important tips that you need to follow for sure:
- Keep in mind that if you are opting for the buy and hold strategy, you are not required to sell all of your tokens. You can hold your tokens until the price gets hiked and then you might go ahead and sell in portions.
- You have to keep an eye on the prices of the cryptocurrencies by studying the exchange rates that are related to Ethereum.
- You can also make use of the notification tools that are readymade for trading. This will alert you regarding the price hikes and let you know the right opportunities to sell your tokens.
- You are required to monitor all the developments based on the Ethereum platform for avoiding the losses in case things are not right.
- You need to have advanced knowledge of the crypto market for active pro-trading.
Ethereum Accepting Merchants
By this time, you might have already discovered that there already exists a myriad of benefits to pay with Ethereum. The future of the decentralized world where you transact with cryptocurrencies might be closer to reality than you might think.
Below are some of the reputable merchants that accepts Ethereum payments:
- 1xBet: This is an online sportsbook as well as casino and an online betting platform that enables you to pay with Ethereum. This has further opened scope to take part in multitude of interesting sporting events on the platform.
- AirBrushCustoms: This is a personalized clothing store that permits you to transact in various crypto coins including ETH.
- Amazon: If you want to pay in crypto on this platform, you can use BitPay and purchase your goods from this no.1 ecommerce giant with Ethereum.
- Bitdial: This is a luxury watch brand that accepts cryptocurrency payments and ETH is one of them.
- Bitmedia.io: This is a reputed firm that offers crypto to the other companies alongside other services and claims that it accepts payments in crypto including Ethereum.
- Bono Shop: It is an Italian jewelry store that offers a variety of jewelries such as rings, bracelets and various other options. The female crypto enthusiasts are very happy with this platform as it aids you to buy their products using crypto coins such as ETH.
- CheapAir.com: This is a flight aggregator that enables you to pay with Ethereum.
- Cryptoart: It is an art website that offers art against cryptocurrencies, especially Ethereum.
- Cryptocove: This is a merchandise store that offers a whopping number of products. You can purchase their merchandise using ETH.
- Cryptoholic: This online store offers an array of gears such as sweaters, thermoses, jewelry, phone cases, bags and more. It supports decentralized finance and offers their products against Ethereum.
- Cryptokitties: This is a crypto gaming platform that revolves around NFTs or Non Fungible Tokens on the Ethereum Blockchain.
- Destinia: Alongside Bitcoin Cash (BCH), Litecoin (LTC) and a couple more crypto coins such as Ethereum (ETH) for paying your hotel bookings, train tickets and flight packages.
- Elephant Chateau: The website is armed with their own rewards token on the ETH blockchain. The website sells luxury spices and accepts payment in Ethereum.
- Ethlance: This platform is meant for the freelancers that are quite bullish on ETH. This website offers to value the skill of the users with the cryptocurrencies.
- Freelanceforcoins.com: This website is pretty similar to Ethlance. You are eligible to be paid with cryptocurrencies. You can expect payment in Bitcoin and other crypto apart from ETH.
- Giftoff: This website allows you to procure gift cards with the help of cryptocurrencies or Ethereum payment.
- Gipsybee.com: This is an online electronics store that accepts a multitude of cryptocurrencies for purchasing a bunch of gadgets.
- Headphones.com: This is a headphones store where you can purchase any headphone of your choice using Ethereum.
- Moonbet: This is a casino, sportsbook and an online betting platform offering Ethereum as a method of payment.
- Natural Pet Shop: This website sets a mission to change the way people perceive pet products and buy them with cryptocurrencies including Ethereum.
- Overstock: This platform provides its users with a lot of options to buy from rugs, mattresses to jewelry and more all with the help of Ethereum.
- Pita Barcelona: It is a custom-made mechanical watch creator offering unique pieces. The website accepts Ethereum.
- Play-asia.com: It possesses a goal of being the leading retailer of the entertainment products and this platform notably accepts Ethereum crypto.
- Purism: This privacy company permits you to pay in a variety of crypto assets.
- Renjer Wild Jerky: This is a deer and elk jerky creator that had been established back in 2018 and offered people the option to pay with ETH and other crypto tokens.
- The House of Coky: This is a Miami-based women’s clothing store that permits you to pay with any cryptocurrency that is listed on the website using CoinPayments.
- Toro Coffee Co.: This specialty coffee company permits for a wide variety of the cryptocurrency payments that includes Ethereum as well.
- Travala: By using the Travala.com application in your smartphone, you can pay for your trips via Ethereum on the go.
- Trippki: This website offers more than 1.5 million hotels to choose from for all of those people who are planning for a great trip. The website also offers a variety of the cryptocurrency options to clear the payments. This includes Ethereum as well.
- Weshopwithcrypto: As the name goes, this e-commerce website offers all those who want to have their business started in a way to do so and permits the usage of ETH and the other cryptocurrencies to boot.
The other notable retailers and services that accepts Ethereum are listed below:
- 1000 EcoFarms (a store to purchase fresh farm products)
- Amagi Metals (a place to buy gold and silver with Ether)
- Bitgild (another precious metals retailer who accepts ETH)
- CryptoPet (pet supplies retailer)
- Digitec Galaxus (the largest Swiss online retailer)
- FlokiNET (Scandinavian web hosting business)
- Laptop Power Bank
- More Stamps Global (Hungarian travel agency)
- PizzaForCoins (service dedicated to buying pizza with cryptocurrency)
- Snel.com (VPS hosting service)
- TapJets (private jet booking firm)
This being said, the adoption of cryptocurrencies and Ether are continuously growing on a daily basis. This makes it nearly impossible to list each and every business that is inclined towards ETH. Hopefully, our effort in curating this list would be justified.
How Crypto Debit Cards Are Beneficial In Crypto Trading
Apart from searching the retailers that accept Ethereum, you can also get yourself a VISA or a Mastercard cryptocurrency payment card that has been linked to your exchange account and then convert your cryptocurrency holdings to the fiat and pay for things nearly anywhere on the go.
The crypto debit cards hold more benefits than just preparing you from the upcoming wave of decentralized finance. These cards offer a great deal of flexibility if you are someone who wants to dive deep into the innovative cryptocurrency technology while you can pay in cryptocurrencies.
However, there are also some practical benefits if you buy Ethereum with debit card. As the cryptocurrency is a relatively new industry, usage of the debit cards are limited to a group of people and thus, there are no transaction and maintenance fees. As the crypto users will begin to rise, Ethereum transactions will be a norm. The following are some of the crypto debit cards and their benefits:
If you are using the Binance Card, you will be benefited from the usage of the card as there are no fees levied. Thus, you need not worry about the processing and the administrative fees. You will also receive 8% cashback on the services and the security from the world’s biggest crypto exchange. Additionally, Binance also provides a prepaid card for your use. Their Binance Funding Wallet lets you hold your crypto till you want to spend it with the help of Binance Card.
In addition to the cryptocurrency, the Bitpanda Card also permits you to spend metals. Being a VISA card, it is accepted by over 54 million merchants worldwide. Every transaction conducted through this card yields 0.5% to 2% cashback. Additionally, you will also be able to check the payment and transaction history via the app. The company offers a debit solution that is much more competitive as the other options available on the market.
This card offers up to 8% cashback on spending aside from generous rewards (when you stake their crypto in CRO) and no fees. The platform also provides a prepaid VISA Card and also offers all the benefits of a debit card. The added ability is that you can spend your cryptocurrency. A prepaid card is just a debit card but the fact is that it is not linked to your bank accounts. But you will have to fill the card with enough crypto that you are planning to use. For applying, you will have to stake the CRO tokens for just 180 days or six months.
This card was formerly known as the Bitwala. The amount you have in the account or in the card as balance is the amount of crypto you are eligible to use. If your account contains Euro, you are eligible to spend the amount in it in more than 30 million locations all over the world.
The Countries Where Ethereum Is Legal
- The Netherlands
- United Kingdom
- Hong Kong
Below are the countries where you can freely use Ethereum as they embrace the use of cryptocurrencies.
The Countries Where Ethereum Has Been Banned
Below are the countries where you cannot use Ethereum for anything.
- Republic of Macedonia
- Saudi Arabia
The following countries are somewhat restricted from the usage of the Ether crypto token.
- American Samoa
Countries Where Ethereum Stands Between Being Legal & Illegal
Below are the list of the countries where owning Ethereum is legal but there are no clear guidelines regarding its status. It seems that these countries have opted for a wait-and-see approach.
- French Guiana
- United Arab Emirates
Investing in Ethereum (ETH) is risky just like the situation with any other cryptocurrency or in general any investment. But in both the cases, the returns are pretty lucrative. Dissimilar to Litecoin and Bitcoin, the companies are literally utilizing Ethereum as a building block that is something more related to diamonds than gold. This is a potential win as an investor.
Additionally, there can be splits or hard forks on the Ethereum blockchain that we had lately seen with the Bitcoin and the Bitcoin Cash. This can be both a good thing and a bad thing. The people who have invested in the hard fork of Bitcoin, that is Bitcoin Cash are happy for the split as they could make great money with no effort. However, you must keep in mind that Ethereum is a digital currency and that you need to proceed with caution when you opt to buy Ethereum or sell it.