Buy Ethereum Online1st February 2019
If you’ve read the article on buying cryptocurrency online page, then you already know that buying Ethereum with XCH4NGE is easy and secure. You can choose your seller based on their accepted methods of payment, available stock limits, username, and asset list price, ensuring that you can find the right seller to buy Ethereum from. We’ll go over the steps quickly just to recap.
Note: The correct name for Ethereum (currency) is Ether. Despite this, it’s commonly referred to as Ethereum, which is the name of the decentralised platform where Ether is used. To avoid confusion, we will refer to it here as Ethereum.
1. Register with XCH4NGE
When visiting the XCH4NGE home page, hit the blue register now button in the top right hand corner. You’ll then be asked to fill in your personal details, as well as go through the KYC/AML procedure. Once you’ve fully completed the registration, you’re ready to initiate your transaction.
2. Initiating a Transaction
To initiate a transaction for buying Ethereum, you must first log in to XCH4NGE. Once you’re in your user dashboard, click the “Buy/Sell” button in the top right hand corner. This will bring you to the XCH4NGE order book page. At the top of the order list you will see the cryptocurrencies available for purchase. To buy Ethereum, select the Ethereum logo by clicking “buy” (be careful not to select Ethereum by accident). Now that you’ve selected your currency, you’re ready to place your order.
3. Placing Your Order
To place an order to buy Ethereum, you must first pick a seller. Each seller has three different criteria that you can use to find the best deal for you; payment method, price, and available currency limit. It’s important to make sure that you are happy with each of these fields before proceeding. When you’ve found a seller you want to buy Ethereum from, click the blue “select” button to the right of their information.
You should now be looking at the purchase page. On this page, you will confirm the amount of Ethereum you would like to buy, whether in ETH or in GBP. When setting your price in either currency, the other field will automatically adjust to display the correct value. To keep transactions running smoothly and efficiently, this section has a 90 second time limit.
Once you’re happy with your order, hit the request purchase button at the bottom of the window. Clicking this will trigger an automatic message in the communication window to the seller. This asks them to confirm that they are online and ready to sell you Ethereum. When they respond in the affirmative, you have now entered the payment stage!
After confirming that they are available for you to buy Ethereum, the seller will then send you their authorised bank details. At this point, you should now open your online or mobile banking and transfer the agreed amount to the seller (making sure you include the given reference code).
Once you’ve transferred the full amount and notified the seller, the seller will check their bank account and confirm receipt of the money. Please note that there is a 30 minute window between the authorisation of the seller’s bank details and the seller confirming receipt of the full amount. Once again, this is to ensure a timely transaction process and maintain transaction security.
5. Concluding Payment
Once the seller confirms that they have received your payment, they will mark the transaction as complete on the platform. At this point, the Ethereum will be released from escrow into your XCH4NGE wallet. Congratulations, you’ve bought Ethereum with XCH4NGE!
Raising a Dispute
Unfortunately, not every transaction goes smoothly. You may need to dispute a transaction when the following criteria are met:
- The seller has not confirmed the payment after you have sent the payment (unresponsive)
- The transaction has been marked as complete, but you have not received the Ether
- The seller is attempting to convince you to send the payment to a non-verified bank account
To raise a dispute, press the blue ‘Dispute’ button underneath the transaction chat window. Please note that if either party provides fraudulent information/documents in the dispute process, XCH4NGE reserves the right to immediately settle the dispute against the party in violation. If you believe that XCH4NGE has resolved a dispute in a manner not in accordance with our Terms & Conditions, you may request a review by contacting customer support no more than 30 days after the resolution in question.