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How to buy ETH

What are DEXs?

Decentralized exchanges are open marketplaces for ETH and other tokens. They connect buyers and sellers directly.

Instead of using a trusted third party to safeguard funds in the transaction, they use code. The seller’s ETH will only be transferred when payment is guaranteed. This type of code is known as a smart contract. More on smart contracts

This means there are fewer geographical restrictions than with centralized alternatives. If someone is selling what you want and accepting a payment method you can provide, you’re good to go. DEXs can let you buy ETH with other tokens, PayPal or even in-person cash deliveries.

You will need a wallet to use a DEX.

Get a wallet

Buy with traditional currencies

Buy ETH with traditional payment types directly from sellers.

Buy with other crypto

Swap your tokens for other people’s ETH. And vice versa.

These DEXs aren’t for beginners as you’ll need some ETH to use them.

Community posts on security

Ethereum and ETH aren’t controlled by any government or company – they are decentralized. This means ETH’s open to everyone to use.

But this also means you need to take the security of your funds seriously. With ETH, you’re not trusting a bank to look after your money, you’re trusting yourself.

Protect your ETH in a wallet

If you plan on buying a lot of ETH you may want to keep it in a wallet you control, not an exchange. That’s because an exchange is a likely target for hackers. If a hacker gains access, you could lose your funds. Alternatively, only you have control of your wallet.

Check out wallets

Your ETH address

When you download a wallet it will create a public ETH address for you. Here’s what one looks like:

0x0125e2478d69eXaMpLe81766fef5c120d30fb53f

Example: Do not copy

Think of this like your email address, but instead of mail it can receive ETH. If you want to transfer ETH from an exchange to your wallet, use your address as the destination. Be sure to always double check before you send!

Follow wallet instructions

If you lose access to your wallet, you’ll lose access to your funds. Your wallet should give you instructions on protecting against this. Be sure to follow them carefully – in most cases, no one can help you if you lose access to your wallet.

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