A Gimmer Guide: How to Purchase ETH

Compiled by the Gimmer team, this guide helps you with purchasing Ether (ETH), which you can use to contribute to the upcoming Gimmer token sale as well as other promising projects.

As you have been crawling through the upcoming Initial Coin Offerings (ICOs), we bet you have found some great projects. However, as you may know, most token sales — such as Gimmer — accept only ETH for contributions. Therefore, you will need to get a hold of some Ether before you can back a token project.

We’re sure many of you already know how to purchase ETH. For those of you who need some guidance with this process or just want to refresh your knowledge, stay with us and let’s dive in!

The easiest way that you can buy ETH is from an exchange. There are plenty of service providers out there. However, we have selected the ones we recommend:

• Coinbase: Being one of the most popular crypto exchanges, Coinbase lets you buy ETH in the matter of a few minutes. The payment methods vary by country/region. However, the company accepts credit/debit card payments and bank transfers from most customers.
• Kraken: This exchange may lack a good user experience, however, Kraken provides swift deposits and withdrawals along with competitive prices. You have to use your bank account to deposit money to your Kraken account.
• Bitfinex: If you like to check the price charts often, Bitfinex is your choice. Similar fees and deposit/withdrawal times like Kraken, Bitfinex offers a good overall experience to its customers. The easiest way to fund your account is by your bank account.

Let’s see how to buy ETH from Coinbase with a credit/debit card as it is the most convenient and fastest option.

1. First, create an account at Coinbase. This will take a few minutes, but it is a necessary step.
2. After creating and verifying your new account, head to the “Buy/Sell” tab, which you can find in the top bar.
3. Choose “Buy” and select Ethereum from the list of cryptocurrencies.
4. If you don’t have a payment method, click “Add a new account” and “Credit/Debit card” thereafter, and fill in the form with your billing and credit/debit card details.
5. When you have your payment method ready, select the amount of ETH you want to purchase and click “But Ethereum Instantly”.

And, you are done! We want to advise you on one last step. Exchange wallets are not the safest way to store your ETH (as you are not in hold of your private keys), so we recommend you to create another wallet where you are in possession of your private keys. If you have a hardware wallet, such as the Ledger Nano S or Trezor, use that as that’s the most secure way to store your cryptos. Software ( both desktop and mobile) wallets are also great for storing ETH. However, you must choose an ERC-20 wallet to be able to participate in token sales. For smartphones, we recommend the Trust Wallet while you can use MetaMask for computers (using only your browser). After downloading any of the mobile/desktop wallets, be sure to send your ETH from your exchange (Coinbase) account to your newly created desktop/mobile wallet!

That’s all you need to know about purchasing ETH! Just remember to always contribute to ICOs from an ERC-20 wallet and not from an exchange or you may risk losing your investment. We hope you liked our guide and that you will make use of it when contributing to the Gimmer Token Sale, which will take place between June 1, 2018 and June 9, 2018 with bonuses up to 20% offered!