Ethereum (ETH) is the "number two" in the crypto market — second only to Bitcoin in market cap, and also the core infrastructure for DeFi (decentralized finance), NFTs, and smart contracts. After buying Bitcoin, many people naturally want to purchase ETH next. On Binance, there are two paths to buy ETH.
Method 1: Buy ETH Directly via C2C (Beginner-Friendly)
In the Binance C2C market, besides USDT, some merchants also offer direct ETH trading with CNY. Here's the process:
- Open the Binance App, tap "Buy Crypto" > "C2C Trading"
- Select "Buy," choose "ETH" as the currency
- Select CNY, set your payment method
- Choose a merchant, enter the purchase amount, make the transfer, and wait for coin release
Pros: One step, no secondary operations needed Cons: Fewer merchants offer direct ETH via C2C, giving you less choice and potentially slightly higher prices
Method 2: Buy USDT First, Then Use USDT to Buy ETH (Recommended)
This is the more mainstream approach and takes two steps:
Step 1: Buy USDT via C2C
USDT has the best liquidity in the C2C market, with the most merchants, intense price competition, and typically near-market pricing. The process is identical to the deposit step when buying BTC — no need to repeat it here.
Step 2: Buy ETH on the Spot Market
Once USDT is in your account:
- Go to the Binance spot trading page and search for "ETH/USDT"
- Select "Market" order (executes at the current real-time price — simplest option)
- Enter the amount of USDT you want to spend (e.g., 300 USDT) — the system automatically calculates how much ETH you'll receive
- Click "Buy ETH" and confirm the order
- It executes within seconds, and ETH appears in your spot account
Buy ETH via Convert: The Simplest Way
If you already have USDT on Binance, you can also use the "Convert" feature to swap USDT directly into ETH:
- Tap "Convert" or "Trade" on the homepage
- Select "Sell USDT" and "Buy ETH"
- Enter the amount, review the system's quoted price, and confirm
Convert is much simpler than spot trading — no need to understand trading interfaces. It's ideal for users who don't want to learn technical analysis at all. The downside is the price spread is slightly wider than executing directly on the spot market.
Things to Know Before Buying ETH
ETH is highly volatile: ETH has historically ranged from a few hundred dollars to several thousand dollars, and can also drop by half. Be mentally prepared before buying, and don't invest money you can't afford to lose.
ETH has real utility: Unlike Bitcoin, which primarily serves as a store of value, ETH can also be used to participate in DeFi protocols for yields, purchase NFTs, and pay Gas fees in Ethereum ecosystem applications. Holding ETH isn't just about speculation.
Staking options: Binance offers ETH flexible and locked staking (Staking) to earn yield. If you plan to hold ETH long-term, consider enabling the Earn feature to let your idle ETH generate interest (approximately 3%-5% APY).
Minimum purchase amount: Through the spot market, the minimum order for ETH is approximately 0.0001 ETH — equivalent to just a few dollars at current prices, making the entry barrier very low.
Ready to go? Register a Binance account and complete identity verification to start buying ETH. If you want to check market prices anytime, you can also download the Binance App for a more convenient mobile experience.