How to Buy Ethereum (ETH)

Ethereum is more than just a cryptocurrency—it's a decentralized platform powering smart contracts and blockchain applications worldwide. While many refer to the network as Ethereum, its native digital currency is called ether, commonly abbreviated as ETH. As the second-largest cryptocurrency by market capitalization, ETH continues to attract investors, developers, and crypto enthusiasts alike.

If you're looking to buy Ethereum securely and efficiently, this guide will walk you through the complete process using a trusted platform. From account creation and deposits to executing your first ETH purchase—whether via bank transfer, card, or instant payment method—everything you need is outlined below.

Create Your Account in 3 Simple Steps

Before purchasing Ethereum, you’ll need to set up and verify your account. This ensures compliance with financial regulations and enhances security for all users.

Step 1: Sign Up for an Account

Begin by creating your account using either your email address or Vipps login for faster onboarding. The registration process is intuitive and designed for both beginners and experienced users.

Step 2: Complete Identity Verification

To activate full trading capabilities, you must complete a quick Know Your Customer (KYC) verification. This involves linking your BankID and submitting basic personal information. The entire process takes just a few minutes and is essential for securing your funds and enabling withdrawals.

Step 3: Deposit Funds or Make a Direct Purchase

Once verified, you can fund your account in two ways:

Bank Deposit (NOK): Transfer Norwegian kroner from your bank. This method has lower fees but typically takes 1–3 business days to clear.
Instant Purchase via Vipps or Card: Buy ETH instantly without waiting for bank processing. Ideal when you want immediate exposure to price movements.

👉 Start building your crypto portfolio today with fast, secure transactions.

How to Deposit Money on the Platform

Depositing funds is straightforward, with two flexible options available depending on your preference for speed and convenience.

Option 1: Instant Bank Transfer (Auto-Deposit)

This automated method connects directly to your online banking system—no manual input required.

Navigate to the “Deposit” section under the “Overview” tab in the app or “Main Account” on desktop.
Select your bank from the search bar.
Authenticate access using BankID.
Enter the desired deposit amount and confirm the transaction.

The funds are typically credited within seconds, allowing you to proceed with trading immediately.

Option 2: Manual Bank Transfer

For those who prefer traditional transfers:

Go to “Deposit” and choose “Manual Transfer.”
Copy the provided account number and reference message.
Log into your online bank and send the amount manually.

Please note: Manual deposits usually take 1–3 business days to reflect in your account due to standard banking processing times.

Now that your account is funded, it’s time to acquire ETH. You have multiple pathways depending on how quickly you want to complete the purchase.

Option A: Instant Purchase with Vipps or Card

Perfect for new users seeking simplicity and speed.

Tap “Trade” > “Buy Crypto.”
Choose Ethereum (ETH) from the list.
Enter the amount in NOK or ETH.
Select “Direct purchase with Vipps” or “Direct purchase with card.”
Confirm payment through your chosen method.

Within moments, your ETH will appear in your wallet—no waiting, no complex steps.

Option B: Buy ETH Using Deposited NOK

If you’ve made a prior bank deposit:

Go to the “Trade” tab.
Click “Buy” or “Buy Crypto.”
Set ETH as the target cryptocurrency.
Input the NOK amount you wish to spend.
Review the preview and click “Finish.”

You’ll receive ETH at the current market rate based on real-time pricing.

Option C: Advanced Trading for Price Control

For experienced traders who want precise control over entry points:

Access “Advanced Trading” from the dashboard menu.
Ensure the trading pair is set to ETH/NOK.
In the Buy ETH panel:
- Enter the amount of ETH you’d like to purchase.
- Specify the price per ETH you’re willing to pay.
Click “BUY ETH.”

Your order remains open until the market reaches your specified price, giving you strategic flexibility.

Once executed, your purchased ETH will be visible in your wallet under the “Main Account” section.

Frequently Asked Questions (FAQ)

Q: Is it safe to buy Ethereum online?
A: Yes—when using regulated platforms with strong security measures like BankID verification, encrypted transactions, and cold storage for assets, buying ETH is safe and reliable.

Q: How long does it take to receive ETH after purchase?
A: Instant purchases via card or Vipps credit your wallet within minutes. Bank-funded trades also settle quickly once deposits clear.

Q: Are there fees when buying Ethereum?
A: Small fees apply depending on the method—direct purchases may have slightly higher fees than bank transfers, but they offer faster execution.

Q: Can I sell my ETH later?
A: Absolutely. Most platforms allow seamless selling back to NOK or exchanging ETH for other cryptocurrencies.

Q: What should I do after buying ETH?
A: Consider transferring large holdings to a private wallet for enhanced security, or hold directly on-platform if you plan active trading.

👉 Secure your digital future—buy, trade, and manage ETH with confidence.

Final Thoughts

Buying Ethereum doesn’t have to be complicated. Whether you're making your first investment or expanding an existing portfolio, understanding the steps—from account setup and deposits to executing spot or limit orders—empowers you to act with clarity and confidence.

With user-friendly interfaces, robust security protocols, and multiple funding methods like Vipps and card payments, entering the world of ETH has never been more accessible.

Remember, timing and strategy matter. Use tools like advanced trading to place limit orders at favorable prices, or capitalize on momentum with instant buys during market shifts.

👉 Take control of your crypto journey—start trading Ethereum securely now.

By focusing on ease of use, security, and real-time market access, anyone can become an informed Ethereum investor. Stay updated on market trends, practice sound risk management, and make thoughtful decisions as you grow your digital asset portfolio in 2025 and beyond.