Volatility is still higher than the S&P 500, but Ethereum is now regarded by the market as a fundamental digital asset.In 2026, the channels for investors to gain exposure to Ethereum have been greatly expanded - they can hold tokens directly, or through spot ETFs provided by asset management giants such as BlackRock and Fidelity, or even purchase derivatives through financial technology apps. For investors who want to buy ETH directly, here is the complete process from platform selection to tax filing. Step 1: Choose a trading platform The first step to buying Ethereum is to choose a reliable platform.Mainstream options include compliant cryptocurrency exchanges such as Coinbase and Kraken.These platforms usually offer intuitive interfaces and comprehensive customer support, making them suitable for most ordinary investors. Step 2: Complete identity verification Due to regulatory requirements, all compliant exchanges are required to complete KYC (Know Your Customer) verification.This process typically requires identification documents, proof of address, and facial recognition verification.Once completed, account functionality will be fully available. Step 3: Deposit funds into your account After passing the verification, funds need to be injected into the account.Common ways include: ACH transfer: lower cost, but takes 1-3 working days to arrive Wire transfer: Fast arrival, but the bank may charge a handling fee Bank card payment: Instant payment, but the rate is usually higher Step 4: Execute the transaction Once the funds arrive, you can buy ETH.For most ordinary investors, dollar cost averaging (DCA) is a more rational choice - investing a fixed amount regularly to smooth entry costs and avoid timing pressure. Step 5: Safe storage of assets After the purchase is completed, asset security needs to be an important consideration.There are two main ways: Exchange custody: convenient and fast, suitable for investors with frequent transactions.However, it should be noted that assets are kept by the exchange and there are platform risks. Hardware wallets: such as Ledger or Trezor, store private keys offline for higher security.Suitable for long-term holdings and large assets. A cost that cannot be ignored There are several fees involved in holding Ethereum: Transaction fee: the buying and selling spread or fixed commission charged by the platform Spread: The difference between the buying price and the selling price Gas fee: network fee paid when transferring or interacting on the chain New rules for 2026: tax reporting requirements As cryptocurrencies are integrated into the regulatory framework, tax compliance becomes mandatory.U.S. investors need to pay attention to the filing requirements of Form 1099-DA: Capital Gains: Gains from selling ETH need to be reported Staking income: ETH rewards obtained through staking are considered taxable income This means that every transaction and gain needs to be recorded or reported accurately when filing taxes.