Many people ask the question, “how to buy Ethereum in UK & Europe without paying heavy fees?” Those who have a knowledge about cryptocurrencies must be aware of the fact that exchange for these currencies charges heavy fees. So, people start looking for techniques to buy Ethereum especially in the UK or Europe without fees. In this post, we have mentioned the process to buy Ethereum in the UK. If you are interested to know about buying method for Ethereum in Europe then you need to follow the same instructions.
Steps to Buy Ethereum in the UK & Europe Without Fees
Sign Up For Coinbase – Signing up for Coinbase is necessary because we have to use their GDAX value. One can say that by using this interface to buy and sell Ethereum, we mean doing the trading on GDAX. Coinbase is one of the biggest and well-known exchanges available in the world.
Transfer Funds to Revolut – Those who have a Euro or a US Dollar account can skip this step. People living in the UK need an EUR account in order to avoid to paying into the EUR-based Coinbase account. One can only buy Ethereum using Euros otherwise you need to go through Bitcoin and then convert them which is a process full of hassle.
Make a Bank Transfer to Coinbase – By typing the reference number you were given, you need to transfer the EUR bank account money to Coinbase.
Move the Money From Coinbase to GDX – To buy Ethereum without fees, you need to use GDAX account. All you require to do is to transfer money from Coinbase to GDX. Here, you need not register again as both Coinbase and GDX are same companies.
Buy Ethereum using a limit order with Zero Fees – Since the money is placed in GDAX so a limit order has zero fees.
So, this is all about the process to buy Ethereum in UK or Europe without fees. We hope you liked the post and understand each step in an easy manner.