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How to buy Ethereum

Is this still not entirely clear to you? No problem! We’ll be happy to assist. Our support team stands ready to help our customers seven days per week. We are available from 10 AM to 6 PM to answer any of your questions concerning the buying and selling of cryptocurrencies. After all, trading in crypto concerns your own money, which is why excellent service is of the essence. You can access our live chat at the bottom of this page!

Buy Ethereum with Euro

Step 1 – Create an Ethereum wallet

SATOS aims to ease everyone’s access to cryptocurrencies. That’s also why we decided to operate without website accounts. The only thing you will need to purchase Ethereum from us is your own Ethereum wallet. Compare an Ethereum wallet to a digital Ethereum bank account, with the caveat that you are the one in charge.

Step 2 – Place an Ethereum order

After you have obtained an Ethereum wallet, placing an order becomes a piece of cake. On the landing page, you only need to enter the amount of Ethereum you would like to purchase. We will then display our proposed rate. Click on ‘Place order’ if you agree with our ethereum price. During the next step, we will ask you for your email address and your Ethereum recipient address. You can find the latter in the Ethereum wallet you created during the previous step (in case you did not have a wallet already).

Step 3 – Paying for your Ethereum

Next up is paying for the reserved Ethereum. SATOS allows payments through iDEAL, Bancontact, or SEPA. We do advise the use of iDEAL if possible, as it is the fastest payment method. Once you have paid for your order, we will safely reserve your coins and prepare them for depositing. You can now specify the wallet address you want to send your coins to.

Step 4 – Verification

Alas, even SATOS is obligated to follow up on verification procedures as after you have placed your order, we will ask you to briefly verify yourself. We will thoroughly explain our verification procedures on your personal transaction page as well as indicating which procedures apply to you. Do not fret, it is not rocket science and if you are curious about what our verification procedures are you can always check our current verification methods. Once you have handed in the specified verifications, our compliance team will do their best to quickly assess and verify your documents, after which they will process your order as soon as possible.

Up-to-date with our verifications? Then we will process orders to known addresses almost instantly!

Do you need help buying Ethereum? No problem, we stand ready to assist! Every day, SATOS strives to make buying and selling cryptocurrencies as simple as possible. After all, trading concerns your money, which is why it is vital that you are well informed and act safely. You can reach our team through the live chat, located at the bottom of this page.

Why do people invest in ETH – Ethereum?

  • People invest in Ethereum because it’s one of the largest and most successful projects of the crypto industry.
  • Many investors opt for Ethereum because it offers the largest platform for decentralised applications.
  • The high number of active developers connected to the project also serves as an important incentive for investors.
  • Others like to speculate with Ethereum, trying to profit from the coin’s extreme rate fluctuations.
  • Another reason why many people choose to purchase Ethereum is to partake in one of the attractive Initial Coin Offerings (ICO’s) occurring on the platform.
  • Finally, people invest in Ethereum because of the involvement of the by now legendary Vitalik Buterin in the project.

Why do people use SATOS to buy Ethereum?

  • Speed: your ethers appear in your wallet within fifteen minutes.
  • Reliable: SATOS has been active as a crypto broker for more than five years.
  • Support: we stand ready to assist, seven days per week. Our customers can always reach us through the live chat or social media.
  • Secure: as a customer, you remain in charge of your cryptocurrencies.
  • Straightforward: you can quickly pay for your order with iDEAL, Bancontact, or SEPA.

We appreciate our customers’ feedbacks! Here’s what some of our customers say about our work Trustpilot.

What are some of the differences between Bitcoin and Ethereum?

  • Ethereum is best regarded as a platform hosting and executing decentralised applications. It can be described as one massive shared computer. Bitcoin, in contrast, only functions as a payment method.
  • Also, as opposed to Bitcoin, Ethereum never established an ether circulation limit. This means that the ether pool will continue to expand at a fixed rate.
  • The Ethereum blockchain can currently handle fifteen transactions per second. As such, it is much faster than the Bitcoin blockchain, which only manages to process seven transactions each second.
  • Finally, it’s possible to use ethers to invest in one of the many ICO’s taking place on the Ethereum platform. Bitcoin does not offer this feature.

Always use your own ethereum wallet

One unique aspect of cryptocurrencies like Ethereum is that they allow you to retain complete control over your fortunes. We consider it vital that our customers understand this pivotal aspect of cryptocurrencies, which is also why we encourage you to obtain your own wallet. When you own an Ethereum wallet, you become the one in charge of your ethers. Creating an Ethereum wallet is a walk in the park. It will only take a couple of minutes. For more information on how to create an Ethereum wallet, you can always have a look at our dedicated Ethereum wallet page.

What should I keep in mind when buying Ethereum?

Before you start to invest in something, it’s vital that you understand your investment. Cryptocurrencies are extremely volatile. Ethereum’s pricing can fluctuate heavily, even during a single day. Be aware of this and make sure you have researched Ethereum well before you decide to invest.

Ethereum has only been around since 2015 and not so many decentralised applications utilise the platform yet. Therefore, Ethereum’s impressive net value is primarily based on future expectations. Even though the platform is still developing, its potential for hosting financial applications and other systems is momentous. As a high-risk investment, both the risks and the potential profits to be had are not to be underestimated.

Ethereum is currently the largest platform for hosting decentralised applications if you take the project’s net value into consideration. However, competition is fierce, and any prediction about whether the platform will be able to retain its top position in the next ten years is problematic. This doesn’t make it any easier to invest in cryptocurrency, but it does make it more interesting. There is plenty of information about Ethereum doing the rounds, and we certainly encourage you to read up on everything before you decide to invest.

Can I also sell Ethereum at SATOS?

Absolutely! Aside from enabling the purchase of Ethereum, SATOS also offers Ethereum selling services. To sell your ethereum to SATOS, we only ask you to submit your banking details, and for you to transfer the ethers to one of our addresses. We will send your euros over as soon as you have finished these steps!

Wondering what other cryptocurrencies you can buy and sell at SATOS? Take a look at these pages:

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Can I also sell Ethereum at SATOS?

Absolutely! Aside from enabling the purchase of Ethereum, SATOS also offers Ethereum selling services. To sell your ethereum to SATOS, we only ask you to submit your banking details, and for you to transfer the ethers to one of our addresses. We will send your euros over as soon as you have finished these steps!

Wondering what other cryptocurrencies you can buy and sell at SATOS? Take a look at these pages:

Ethereum is not anonymous

As opposed to what’s suggested by many stories you may have encountered in the media, most cryptocurrencies are anything but anonymous. Due to the public nature of blockchains, users can easily trace the entire transaction history of all other users. This is also the case with Ethereum. Everyone can follow your transactions. The balance on your wallet is also publicly available to everyone. Therefore, you should retain extreme care when sharing personal details, as it may allow users to link your identity to your Ethereum wallet. From that moment onward, you lose your anonymity vis-à-vis the party with which you shared your details. As such, in the crypto environment, the responsibility for guarding your privacy lies entirely with you.

Ethereum transactions are irreversible

It’s not possible to undo an Ethereum wallet transaction in hindsight. Therefore, always double-check the recipient address before you transfer Ethereum. This is also one of the reasons why we advise everyone to copy-paste addresses instead of re-typing them. It wouldn’t be the first time we have to disappoint a customer because he/she made a typo when entering the recipient address. It will be regrettable if your ethers disappear into the void, only because of a small typo. Hence, be very careful when doing transactions!

The Ethereum exchange rate is volatile

Know what you’re getting into! The value of cryptocurrencies can fluctuate violently, even during a single day. This is due to the fact that the crypto market has only existed for about ten years, and that many of the trading markets lack liquidity. The substantial rate fluctuations may startle you at first, which is why we also advise you not to invest all your savings in cryptocurrencies. It’s very much a high-risk investment, which is why you should always research thoroughly before you decide to exchange your euros for cryptocurrencies like Ethereum. Do you want to know more about Ethereum pricing and the dynamics behind it? Then take a look at our Ethereum price analysis. Here we discuss a couple of factors determining the coin’s exchange rate.

Should I use my own bank account to buy Ethereum?

In principle, yes. If you would like to use someone else’s bank account to pay, we do ask you to submit the holder’s written approval. In this case, please contact us in advance.

Can you transfer my Ethereum order directly to a cryptocurrency exchange?

As can be read in our terms of use, we can unfortunately not guarantee that your cryptocurrency will arrive if you send it directly to an exchange. We therefore recommend that you always use your own wallet. If you decide to use a wallet address from an exchange, keep in mind that it can sometimes take a little longer before your order is on the exchange in your wallet. Exchanges generally wait for a number of confirmations from the network before they adjust your balance.

Can I buy Ethereum anonymously through SATOS?

No, the applicable rules and legislation oblige us to request some of your personal details. Read our KYC / AML policy for more information.

What are the costs of buying Ethereum through SATOS?

The costs are on average 1-2% of the purchase amount. These are the costs that we charge for our services. These costs depend on supply and demand and differ per crypto currency. As a rule of thumb, the larger the amount, the more favorable the exchange rate!

Does SATOS also accept credit card payments to purchase Ethereum?

We currently do not offer this option, but we would like to implement this in the future.

Is there a limit to the amount of Ethereum that I can buy?

In principle, there isn’t. We do have a transaction limit of EUR 10,000 per order, but it’s possible to place as many consecutive orders as you like.

Is there a minimum amount of Ethereum that I have to buy?

Yes, you can place your order from EUR 500 and up. As such, we ensure that the transaction costs are proportional to the overall rate.

Yes, you can place your order from EUR 500 and up. As such, we ensure that the transaction costs are proportional to the overall rate.

Your order should generally appear in your wallet within fifteen minutes. Self-explanatory, we remain dependent on the processing speed of banks and possible network traffic. Is this your first order at SATOS? Then we will first have to verify your bank account. This only takes a couple of minutes.

Always opt for a customary miner fee

The Ethereum network is kept afloat by miners. If you want your transaction to be processed in due fashion, it’s vital that you add enough ethers as a fee. Always check the current customary fee before you make a transaction.

Pay taxes on your crypto assets

Paying taxes is also an integral component of cryptocurrency. Always ensure that you file your crypto assets with the tax authorities. The taxes you need to pay only make up a small part of your capital, and in the Netherlands, the first EUR 30,000 is exempted from taxation. You can find more information about cryptocurrencies and taxes at our dedicated tax page. Ethereum and other cryptocurrencies are nowhere recognised as official currencies, but this doesn’t entail that they are exempted. Consider, for instance, the income tax, corporate tax, asset tax and turnover tax. Cryptocurrencies represent value, and everything that carries value has to be reported to the tax authorities. Also, be aware that you are personally responsible for complying with the applicable tax legislation. To make this a bit easier, we have created an overview of the relevant legislation that will help you figure out how to pay bitcoin tax.

Be prepared and do your research

There are a couple of things that you need to know when you are entering the Bitcoin business. One of these is that this form of digital currency allows for a type of money exchange that is different from the one that’s used by traditional banks. Therefore, it is essential that you inform yourself about the features of Bitcoin and the workings of this cryptocurrency. Always do such research before initiating significant Bitcoin transactions. In short: treat your Bitcoins in the same careful manner as you would handle the cash in your wallet. Sometimes, you even need to be more cautious! Also have a look at our cryptocurrency knowledge base. Here we have collected a number of articles for beginning cryptocurrency users.

Consider your inheritance

Cryptocurrencies may form a significant part of your fortune. Therefore, always entrust someone within your close circle of friends with access to your Bitcoin assets. You could even share only half of the private key (your unique wallet access code) or half of your password with someone you trust, and inform a notary of the other half.

Make a backup of your wallet

When you use your Bitcoin wallet, always first make a backup. Most wallets offer a simple tool to arrange this in just a couple of steps. Is this not entirely clear to you? You can find more information about Bitcoin wallets on our dedicated wallet page. To make it easy for you, we have described a number of tips that can help you safely store bitcoin and other cryptocurrencies.

Install a good virus scanner

What’s particular about Bitcoin is that you act as your own bank. You can make transactions from person A to person B without the interference of third parties. You bear responsibility for managing your cryptocurrencies, but this also entails responsibility for securing them. That’s why you should always have a decent virus scanner installed. Prevent criminals and scammers from stealing your hard-earned cryptocurrency by reading more about known forms of bitcoin fraud.

I need assistance; what is the most convenient way to reach you?

We are available seven days per week from 10 AM to 9 PM. You can reach us through the live chat, by email, or by using social media. For frequently asked questions, please first check our support-page.

I would like to pay for my order with a business account. Is this possible?

Yes, this is not an issue, but be aware of the applicable tax legislation governing business investments. This concerns the profits of your company. For more tax information, please take a look at our tax page.

What does SATOS use my personal data for?

We understand that privacy is a key concern for you. Therefore, we drafted an entire page covering just this subject. Please have a look at our privacy policy page.

Which payment methods does SATOS accept?

Besides iDEAL, we also offer Bancontact and Belfius payment services. Do you prefer to pay using wire transfer? Then choose the ‘SEPA’ payment method.