Outlines how to get Ether.
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
- 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
- not recommended: become an Ethereum miner (see
Homestead guide is outdated, which is the same as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
MyCrypto. Then to use Ether to make
transfers MetaMask (a browser extension which
allows Ethereum dApps to be run through your browser) is recommended.
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
- 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
- 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
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
- 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
- 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
Kraken BTC, USD, EUR, CAD, GBP
Gatecoin BTC, EUR
Bitfinex BTC, USD
Bluetrade BTC, LTC, DOGE
You can also search for "<insert your country> Ether exchange".
There's also this:
For further info (which lists more exchanges), see
Centralised fixed rate exchanges
Trading and price analytics
- ETH markets exhaustive listing by volume on
- Aggregating realtime stats of major ETH markets:
- EthGasStation is useful for checking
the gas price to set before making a transaction lists, as well as
checking Gas Guzzlers, or the 'Top 10 ETH Contracts By Transaction
Count Over the Last 1,500
Online wallets, paper wallets, and cold storage
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/)