A cryptocurrency exchange is a digital platform that allows you to buy, sell and trade cryptocurrency. They are similar to stock trading platforms.
Your first major consideration is to figure out whether you want to buy ETH with another cryptocurrency (like BTC or a stablecoin such as USDT) or use fiat currency, such as USD, CAD or EUR.
Cryptocurrency exchanges differ in terms of fees, security, and payment options, so you'll have to do your due diligence before choosing the right one for you. When selecting a cryptocurrency exchange, it's important to look at the fees and withdrawal options. The ideal exchange will have low fees and high-security features. As a beginner, choosing an exchange with an easy user interface, that doesn't have too many features is best.
When deciding where to purchase Ethereum, look for an exchange that lists ETH in one or more currency pairings. When purchasing cryptocurrency for the first time, choosing an exchange that supports your local currency is important. The most popular in the United States include Coinbase, Kraken, Gemini, and Binance.US. All these exchanges are based in the US and comply with all local regulations. In addition, they are considered beginner-friendly and accept most payment options, including wire transfer and credit or debit card payment.
To buy ETH, you'll first need to deposit USD or another supported fiat currency into your exchange fiat currency account or link your credit card to the account.
If your exchange supports Ether (ETH), you'll be able to buy ETH directly with your bank card, depending on local regulations. However, some exchanges charge varying fees depending on the amount of ETH you're buying, so pay attention to the cost of your transaction.
After purchasing ETH, it is now time to transfer this ETH to your MetaMask. First, copy your MetaMask wallet address. Next, go to the exchange you purchased ETH on. There should be a withdraw/send option for your ETH. Insert your MetaMask address into the withdraw/send option and click confirm. The ETH will now be transferred to your MetaMask account (This may take a few minutes, don't panic). Once the ETH is in your MetaMask you can purchase/mint NFTs!