Three simple steps to getting started with Ethereum (ETH)

Education May 27, 2020

Ether (ETH), the currency on the Ethereum blockchain, is one of the largest cryptocurrencies by market cap that has gained popularity in recent years. At Safello we want to help you find your way into the blossoming ecosystem that has been built around this currency. There are only three steps to get started!

  1. Create a digital wallet.
  2. Verify your identity with Mobile BankID
  3. Start buying ether with Swish!
Visit https://safello.com/ethereum/buy/ to use this widget

By creating a digital wallet, you automatically become a user on the Ethereum blockchain

Your wallet registers all of your transactions. It also gives you a user ID which allows you to easily check your balance. At Safello we believe in having control over your funds. A note of warning is to make sure to make proper backups for safekeeping, no matter how small an amount your are storing.

We recommend the following wallet providers:

Simple identification with Mobile BankID

BankID is a citizen identification solution that allows companies, banks and governments agencies to authenticate and conclude agreements with individuals over the Internet. It's the most popular way to identify yourself in Sweden. Contact your bank to set it up.

Contact your bank about BankID (https://www.bankid.com/en/)

Simple, secure transactions all across Europe

It’s easy to convert your local currency into ether. You can buy ether using Swish, bankgirot or SEPA. The first option is Swedish' most popular payment method and funds will arrive on our bank account instantly. Bankgirot and SEPA transfers typically take a day to clear. As soon as the funds arrive with Safello we will complete your order. Do note that we may from time to time have to do additional compliance checks, in which case it may not process in real time.

Discover decentralized applications

Once you have bought your first ethers, you can discover decentralized apps where you can use your ether to play games, invest and trade items. There is a whole world of so-called dapps that are being developed to push the limits on what's possible with this programmable money. To get started, you can have a look at the most popular dapps today on DappRadar:

DappRadar - Ranked list of blockchain dapps
DappRadar provides information and insights about all the existing dapps! At the tap of your finger, find the most successful and used decentralized games, casinos, and marketplaces, among others.
https://dappradar.com/

First time buyer of ether?

The Ethereum world is as exciting as it is big. At Safello, we place great importance on secure systems and seamless transactions with no hidden fees. Registered with the Swedish FSA, Safello is regulated as a financial institution. We follow the EU Anti-Money Laundering directive and employ industry-leading safeguards to make sure every purchase is safe. Visit our customer support section to learn more.

Frank Schuil

CEO & co-founder Safello.

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