How to buy Ethereum Token ETH - Full Guide

In this step by step guide, you’ll learn how to set up your crypto wallet and buy Ethereum Token 0x2170Ed0880ac9A755fd29B2688956BD959F933F8 on BSC.

Flooz Checkout

Flooz has launched a "Checkout" feature that allows you to buy Ethereum Token (ETH) using your local FIAT currency, like Dollars, Euros, Pounds, and Naira. The Flooz Checkout feature currently supports three major chains: Ethereum, BNB Smart Chain, and Polygon.

You pay

You get

What is Ethereum Token?

Token price

$2,425.23

+4.21% last 24H

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Market cap

$1.47 B

24h vol

$59.44 M
ChainBSC

Holders

2.1 M

Total liquidity

-

What is WETH (Wrapped ETH)? WETH is the tokenized/packaged form of ETH that you use to pay for items when you interact with Ethereum dApps. WETH follows the ERC-20 token standards, enabling it to achieve interoperability with other ERC-20 tokens.  This offers more utility to holders as they can use it across networks and dApps. You can stake, yield farm, lend, and provide liquidity to various liquidity pools with WETH.  Also, unlike ETH, which doesn’t conform to its own ERC-20 standard and thus has lower interoperability as it can’t be used on other chains besides Ethereum, WETH can be used on cheaper and high throughput alternatives like Binance, Polygon, Solana, and Cardano. The price of WETH will always be the same as ETH because it maintains a 1:1 wrapping ratio. How to Wrap ETH? Custodians wrap and unwrap ETH. To wrap ETH, you send ETH to a custodian. This can be a multi-sig wallet, a Decentralized Autonomous Organization (DAO), or a smart contract. After connecting your web3 wallet to a DeFi exchange, you enter the amount of ETH you wish to wrap and click the swap function. Once the transaction is confirmed, you will receive WETH tokens equivalent to the ETH that you’ve swapped. On a centralized exchange, the exchange burns the deposited ETH and mints a wrapped form for you. And when you want to unwrap it, the exchange will burn the wrapped version and mint the ETH on your behalf. What’s Next for WETH? According to the developers, hopefully there will be no future for WETH. According to the website, steps are being taken to update ETH to make it compliant with its own ERC-20 standards. 

TL;DR

The Flooz Checkout empowers you to buy Ethereum Token (ETH) using any FIAT currency, like Dollars, Euros, Pounds, Ghanaian Cedi, and Naira on: Ethereum (ETH), Binance Smart Chain (BSC) and Polygon (Matic).

Here is how to buy Ethereum Token (ETH) step-by-step with Flooz:

1. Download the Flooz App in the 🔗 Apple App Store or the 🔗 Google Play Store
2. Set up your new wallet or import your existing wallet into the Flooz App
3. Select Ethereum Token (ETH) to buy using your local currency and payment method.
4. Enter the amount and buy Ethereum Token (ETH) and confirm
5. Once your transaction is completed, you can manage, track and swap your Ethereum Token (ETH) inside the Flooz App.

If you've already used the Flooz App, then you know how easy it is. However, if you're new to it, this guide will show you how to buy Ethereum Token (ETH) or any other cryptocurrency.

Please note that cryptocurrencies are subject to high market risk and volatility. Please conduct a thorough research about the risk involved in purchasing cryptocurrency and only invest in products that you are familiar with. This step by step guide is no financial advice or to be viewed as an official endorsement by Flooz about the cryptocurrency itself or the success of the project.

The information about the token is provided by third parties - Flooz does not guarantee and is not responsible for the accuracy of the information presented here. Further, Flooz does not take any liability for your actions on the platform. For more information, please read our Terms of Service.

How to buy Ethereum Token in 4 steps in 2024:

Step 1

Scan to download Flooz App

Flooz App is available on Android, in the Play Store, and iOS, in the App Store. Look for "Flooz" or "Flooz: NFTs & Crypto Wallet" in the app stores.
You don’t have to worry about entering any personal information, or wait around to be validated. Downloading the Flooz App is free and doesn't require KYC or account setup. Get set up in less than two minutes, and gain instant access to buy over 180K cryptocurrencies!

Step 2

Set up your Flooz wallet

Setting up your non-custodial crypto wallet using Flooz is simple and secure, we value the importance of privacy and ownership, meaning that you’re the sole owner of your digital assets at all times.

After setting up your Flooz App, always make sure you set a strong 6-digit pin-code or configure your Face ID, and back up your secret phrase to store in a safe place.

If you already have a crypto wallet, then you can easily bring in your assets, NFTs, and transaction records by importing your existing wallet into the Flooz App. Once you're in, you can add up to five accounts for free and use them for various transactions like buying, swapping, spending, and sending tokens to your friends!

When selecting a crypto wallet, there are numerous factors to weigh, but safety should definitely be your first priority. Flooz provides you with a non-custodial wallet, and if you care about security, you don’t want any provider to store your assets on your behalf, right?

This could happen when you let someone else store your funds - FTX lost $6 billion dollars worth of customer funds.

Here’s what happens when the central banking system collapses - Central Nigerian Bank halts all withdrawals of cash above $50 a day.

To learn how to buy Ethereum Token (ETH) with your local payment method, just follow the instructions below.

Step 3

Buy Ethereum Token (ETH) with your local payment method

Buy Ethereum Token (ETH) directly with cryptocurrency or popular payments methods such as Apple Pay, Google Pay, Credit Card, Bank Transfer and Mobile Money (MTN, Vodafone Cash, Airtel Tigo) and others.
Best price guaranteed! Flooz is like Skyscanner. We analyze more than 40 different decentralised exchanges to provide you with the best prices at the fastest routes.

Step 4

Track, manage and trade your Ethereum Token (ETH)

Track the performance of your Ethereum Token (ETH) trade with real-time data and alerts in Flooz. Our powerful portfolio tracker automatically tracks any transaction across 180k different cryptocurrencies on Ethereum, Polygon and the Binance Smart Chain.

You can use Flooz to swap Ethereum Token (ETH) to any currency or send it to any wallet across the world in near real-time!

Why buy Ethereum Token (ETH) with Flooz?

Buy crypto with any currency

Buy or swap any of our 180K+ supported cryptocurrencies. It’s simple, secure and fast.

Safe and secure

The Flooz App is a non-custodial wallet and audited by Sigma Prime. No one but you has full access to your funds. Your keys, your crypto!

Best prices and fastest routes

Buy and trade any token on all popular chains at the cheapest rates and fastest routes. Flooz analyses 40+ different decentralised exchanges to offer you a best price guarantee.

Track your performance

Track and manage all your crypto assets with real-time alerts and data. Flooz is the easy way to buy, trade, send and receive any crypto assets.

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