Getting Ether

Outlines how to get Ether

Contents

Documentationchat

Note that you should only buy Ether (or any cryptocurrency except for
stable ones like DAI or USDT) with risk capital, i.e. money that you can
afford to lose, because of the volatile nature of Ether.

In order to obtain Ether, you need to either:

  • trade other currencies for ether using centralised or trustless
    services
  • not recommended as it's not very user friendly: use the user
    friendly Mist Ethereum GUI
    Wallet
    that as of Beta 6
    introduced the ability to purchase ether using the
    http://shapeshift.io/ API.
  • not recommended: become an Ethereum miner (see
    here.
    Note that
    this
    Homestead guide is outdated, which is the same as
    this mining wiki).
    However, this is not recommended as Ethereum is going to transition
    to proof-of-stake, making mining obsolescent. Becoming a miner would
    involve investing in a mining rig (several GPUs, plus maybe other
    hardware if needed, like a compatible computer), which is unlikely
    to get a return on investment before PoS is implemented.

After you get Ether it is recommended that you transfer it to a wallet
which you have the private key for, such as
MyEtherWallet or
MyCrypto. Then to use Ether to make
transfers MetaMask (a browser extension which
allows Ethereum dApps to be run through your browser) is recommended.

Trustless services

Note that the Ethereum platform is special in that the smart contracts
enable trustless services that obviate the need for trusted third
parties in a currency exchange transaction, i.e. disintermediate
currency exchange businesses. Note that these services may still require
some level of trust, e.g. in the service provider.

Projects that have launched includes:

  • Those listed in this Etherscan
    chart
    .
  • LocalEthereum allows exchanging Ether
    for fiat currencies, like Localbitcoin.
    "The smart contract allows users to safely exchange ether with one
    another, and to name a trusted third-party to mediate a trade if a
    dispute arises. Currently, the trusted mediator is always
    localethereum.com, but the contract will be adapted in the future to
    switch over to a reputation-based distributed arbitrator pool." The
    source of this quote is
    here.
  • EtherDelta. I (James Ray) found that the
    charts on the site weren't very good on January 1, 2017, so I sent
    a tweet giving
    feedback
    .
    This is good for trading tokens. Unfortunately I tried to make a
    deposit with a small amount, so that I could then buy a token but
    nothing happened.
  • ForkDelta claim to have "a ton of
    improvements including a much faster order processing system. It
    interacts with ForkDelta's revamped API and EtherDelta's original
    contract."
  • Trade Ogre apparently are fast and
    have low fees, but they don't have many tokens listed.
  • Next.Exchange call themselves a hybrid
    decentralized crypto exchange, although it is vague/unclear how
    their exchange model works.

Projects that have not been released yet (as of Dec 14 2017) includes:

[BTCrelay](http://btcrelay.org/)

:   -   [More
        information](https://medium.com/@ConsenSys/taking-stock-bitcoin-and-ethereum-4382f0a2f17)
        (about ETH/BTC 2-way peg without modifying bitcoin code).
    -   [BTCrelay
        audit](http://martin.swende.se/blog/BTCRelay-Auditing.html)

List of centralised exchange marketplaces

Exchange Currencies


Poloniex BTC
Kraken BTC, USD, EUR, CAD, GBP
Gatecoin BTC, EUR
Bitfinex BTC, USD
Bittrex BTC
Bluetrade BTC, LTC, DOGE
HitBTC BTC
Livecoin BTC
Coinsquare BTC
Bittylicious GBP
BTER CNY
Yunbi CNY
Metaexchange BTC

You can also search for "<insert your country> Ether exchange".

There's also this:
https://myetherwallet.github.io/knowledge-base/faq/buying-selling-exchanging-eth-tokens-fiat.html.
For further info (which lists more exchanges), see
here.

Centralised fixed rate exchanges

Exchange Currencies


Shapeshift BTC, LTC, DOGE, Other
Karsha 75+ Crypto/ERC20, 3 Fiat (USD)
Bity BTC, USD, EUR, CHF

Trading and price analytics

Online wallets, paper wallets, and cold storage

::: {.todo}
This is here just a dumping ground of links and notes Please move this
over in a listing form to ecosystem

Keep examples here, maybe explain paranoid practices, list dangers
:::

Mist Ethereum Wallet

:   -   [Releases to
        download](https://github.com/ethereum/mist/releases)
    -   [Mist Ethereum Wallet developer
        preview](https://blog.ethereum.org/2015/09/16/ethereum-wallet-developer-preview/) -
        foundation blog post
    -   [How to easily set up the Ethereum Mist
        wallet!](https://www.youtube.com/watch?v=Z6lE0Ctaeqs) -
        Tutorial by Tommy Economics
Kryptokit Jaxx

:   -   [Jaxx main site](http://jaxx.io/)
    -   [Mobile
        release](http://favs.pw/first-ethereum-mobile-app-released/#.VsHn_PGPL5c)
Etherwall

:   -   [Etherwall website](http://www.etherwall.com/)
    -   [Etherwall source](https://github.com/almindor/etherwall)
MyEtherWallet

:   -   [MyEtherWallet website](https://www.myetherwallet.com/)
    -   [MyEtherWallet
        source](https://github.com/kvhnuke/etherwallet/)
    -   [Chrome
        extension](http://sebfor.com/myetherwallet-chrome-extension-release/)
Cold storage

:   -   [Icebox](https://github.com/ConsenSys/icebox) by
        [ConsenSys](https://consensys.net/) - Cold storage based on
        lightwallet with HD wallet library integrated.
    -   [Reddit discussion
        1](https://www.reddit.com/r/ethereum/comments/45uvmy/offline_cold_storage_question/offline_cold_storage_question)
    -   [How to setup a cold storage
        wallet](https://www.reddit.com/r/ethereum/comments/48wfbv/eli5_how_to_setup_a_cold_storage_wallet_as/)
Hardware wallet

:   -   [reddit discussion
        2](https://www.reddit.com/r/ethereum/comments/45siaq/hardware_wallet/)
    -   [reddit discussion
        3](https://www.reddit.com/r/ethereum/comments/4521o4/crowdfunding_ethereum_hardware_cold_storage_wallet/)
Brain wallet

:   -   brain wallets are not safe, do not use them.
        <https://www.reddit.com/r/ethereum/comments/45y8m7/brain_wallets_are_now_generally_shunned_by/>
    -   Extreme caution with brain wallets. Read the recent
        controversy:
        <https://reddit.com/r/ethereum/comments/43fhb5/brainwallets>
        vs
        <http://blog.ether.camp/post/138376049438/why-brain-wallet-is-the-best>
Misc

:   -   [Kraken Wallet Sweeper Tool](https://www.kraken.com/ether) -
        Pre-sale wallet import
    -   [Recommended ways to safely store
        ether](http://ethereum.stackexchange.com/questions/1239/what-is-the-recommended-way-to-safely-store-ether)
    -   [How to buy and store
        ether](http://sebfor.com/how-to-buy-and-store-ether/)
    -   [A laymen\'s intro into brute forcing and why not to use
        brain
        wallets](http://www.fastcompany.com/3056651/researchers-find-a-crack-that-drains-supposedly-secure-bitcoin-wallets)
    -   [Pyethsaletool](https://github.com/ethereum/pyethsaletool/blob/master/README.md)
    -   [Account vs
        wallet](https://www.reddit.com/r/ethereum/comments/47j3r5/eli5_accounts_vs_wallet_contracts_on_mist/)