What Is Ethereum?
Ethereum is a decentralised blockchain platform launched in 2015 by Vitalik Buterin. Unlike Bitcoin, which primarily functions as digital money, Ethereum was designed as a programmable blockchain that enables developers to build applications without intermediaries.
The platform's native cryptocurrency is called Ether (ETH), which powers the entire Ethereum network. ETH is used to pay transaction fees (called "gas"), execute smart contracts, and secure the network through staking. With over 120 million ETH in circulation and the second-largest market cap after Bitcoin, Ethereum has become a cornerstone of the cryptocurrency ecosystem.
Why Ethereum Matters
Ethereum introduced smart contracts to blockchain technology, self-executing agreements written in code that automatically fulfil their terms when conditions are met. This innovation enabled entirely new categories of applications: decentralised finance (DeFi) platforms, non-fungible tokens (NFTs), decentralised exchanges, and thousands of other projects all run on Ethereum.
Following its transition to Proof of Stake in 2022, Ethereum now consumes approximately 99.95% less energy than before, making it one of the more environmentally sustainable blockchain networks.
How to Buy Ethereum Online in Europe
European residents can purchase Ethereum through various regulated platforms using multiple payment methods.
SEPA Bank Transfer
SEPA remains the most cost-effective option for European buyers. Standard transfers settle within 1-2 business days, while SEPA Instant can complete in seconds. Most exchanges offer free or low-fee SEPA deposits, making it ideal for larger purchases.
Credit and Debit Cards
Card payments provide instant access to ETH but typically carry higher fees ranging from 2% to 4%. This method suits buyers who prioritise speed and convenience over cost optimisation.
iDEAL and Local Methods
Dutch buyers can use iDEAL for instant Euro deposits. Platforms also support regional options like Bancontact (Belgium), SOFORT (Germany), and Giropay across the Eurozone.
Alternative Payment Options
Some exchanges accept PayPal, Skrill, Apple Pay, and Google Pay, though availability varies by platform and region.
What to Consider When Buying Ethereum
Platform Verification
Choosing a trustworthy exchange is essential. BXWY independently verifies platforms for proper licensing, security standards, and transparent fee structures. Look for exchanges registered with European financial authorities or operating under MiCA compliance.
Understanding the Costs
Ethereum purchases involve several potential fees: deposit fees, trading fees, and withdrawal fees. Some platforms advertise competitive trading fees but apply wider spreads on the exchange rate. Always compare the total cost of your transaction before committing.
Security Measures
Reputable exchanges implement two-factor authentication (2FA), cold storage for customer funds, and regular security audits. Consider whether you want to store your ETH on the platform or transfer it to a personal wallet where you control the private keys.
Gas Fees
Ethereum network transactions require "gas", a fee paid to process your transaction. Gas prices fluctuate based on network congestion. When withdrawing ETH from an exchange to your own wallet, you may pay both the platform's withdrawal fee and network gas fees.
Storing Your Ethereum
After purchasing ETH, you have several storage options:
- Exchange Wallets: Convenient for active trading but you don't control the private keys. Suitable for smaller amounts you plan to trade frequently.
- Software Wallets: Applications like MetaMask provide a balance of convenience and security. You control your private keys while maintaining easy access to your ETH.
- Hardware Wallets: Physical devices that store your ETH offline. The most secure option for long-term holdings, protecting against online threats and exchange failures.
Ethereum and DeFi
One unique aspect of Ethereum ownership is access to decentralised finance. With ETH in your own wallet, you can interact with lending protocols, decentralised exchanges, and yield-generating applications, all without intermediaries. This ecosystem represents billions of euros in value and continues expanding.
Regulatory Environment
The EU's Markets in Crypto-Assets (MiCA) regulation, fully applicable since 2025, establishes comprehensive rules for cryptocurrency platforms operating in Europe. This framework ensures fee transparency, licensing requirements, and consumer protections. When purchasing Ethereum through BXWY-verified platforms, you benefit from this regulated environment.
Is Ethereum Right for You?
Ethereum offers exposure to both a cryptocurrency and a growing technology ecosystem. However, like all crypto assets, ETH can experience significant price volatility. Its all-time high reached nearly €4,600 in August 2025, demonstrating both the upside potential and the importance of understanding your risk tolerance.
Whether you're buying ETH for the first time or adding to existing holdings, comparing platforms ensures you find the best combination of rates, security, and payment options.
