Mariela is a former investment banking analyst and has been a cryptocurrency writer with LeapRate and Asktraders for the past two years
Ethereum is a blockchain-based product, whose underlying coin that powers the network is called Ether. Ethereum, or its coin Ether, has become of the most popular currencies. Ether’s is the second largest alt coin by market cap that currently stands at $19.9bn, only second to Bitcoin. Among its uses Ethereum is famous for encoding, decentralizing, protecting, and trading virtually anything: votes, financial exchanges, company management, as well as most types of agreements and intellectual property.
The easy ways to buy Ethereum (Ether) would be through one of the popular Bitcoin exchange sites that Ethereum also supplies.
Ethereum has been one of the best cryptocurrency investments so far, and its consolidation as the second most important digital currency in the market has been apparent. The functionalities and useful features of Ethereum exceed Bitcoin.
Its smart contracts network allows any application to be built virtually. The investment community has been very well received, with more people looking to buy Ethereum in the UK every day.
Hundreds of cryptocurrencies are being developed through Ethereum's network, and this gives it solidity. But it's not just about the price. The capital accumulated by this project through ETH has exceeded 85 billion dollars. Ethereum has acquired remarkable importance in the world of cryptocurrencies.
This important market capitalization means that investing in Ethereum is synonymous with stability and trust, despite being aware that we are entering into a volatile instrument.
Suppose you are interested in investing in cryptocurrencies but worried about the risk. In that case, it is best to start with Ethereum, Bitcoin, Ripple, or Litecoin, whose projects have already capitalized a significant amount of money and have functional and stable products.
The experts have said that it is good to invest in Ethereum and buy cryptocurrencies because they will surely be revalued over time. But, of course, the initiative may fail; it is not without risks. What is clear is that it is a phenomenon that we have to follow and will change the way companies operate.
Another factor contributing to this trend is that ETH (ether) is listed in almost all brokers and exchange platforms that operate with cryptocurrencies. The cryptocurrencies have significantly democratized the world of investments since they are easy to acquire, and it is not necessary to have a large capital to own them.
How quickly the Ethereum platform has succeeded at fitting into the exchanges and brokers is a good sign of the places this project is going. Ethereum is listed in the UK's largest exchange (Coinbase) and is not hard at all to acquire through the use of Bitcoin or other currencies via the many forms of payment.
Ethereum (ETH) ranks second in coinmarketcap, after Bitcoin due to its market capitalisation that amounts to $42,847,331,412. The price of ETH, at the time of writing, is $379.15. ETH’s price achieved its all-time high in January 2018, at $1,432.88 and all-time low at $0.42 in October 2015.
1 ETH = 0.033 Bitcoin
Before looking into the ways we can get Ethereum, it’s necessary to see which wallets are best for storing it (Ether).
Coinbase is the most straightforward answer on how to buy Ethereum in the UK, despite being founded in the United States.
This platform is the pioneer worldwide in terms of transactions with cryptocurrencies and enjoys the support of millions of users and some renowned banking entities and investors of great weight and a well-earned reputation.
This platform will incorporate million-dollar institutional investments starting this year, so we can expect this currency to begin receiving large sums of money. This is another important argument for investing in Ethereum earlier this year.
There are many places to buy and sell Ethereum, but that does not mean that you should choose any, neither on the assumption that they offer you very low commissions per transaction or that they assure you the instantaneous realization of operations; you can fall into the hands of scammers.
Most cryptocurrencies can be commercialized in CryptoGo, an exchange that allows you to buy your favorite virtual currency and send it to your purse.
It is a very safe and reliable exchange platform for protecting your investment, regulating the United Kingdom. We will briefly follow the process below.
To follow this procedure, you have to buy Bitcoin first. You can follow our instructions to obtain Bitcoins here. Binance is another one of the compatible options to buy Ethereum, but it does not allow doing it directly.
The first step is to create an account by logging into your website and clicking on “Register.” Then fill out the form with your personal information to create an account.
This procedure assumes that you have purchased Bitcoins before. To do this, you can use the Coinbase, Changelly, or CEX.io platforms.
Then it will be necessary to send these funds to your Bitcoin address assigned in your Binance wallets. This address is generated automatically and can be consulted in the following way:
Place the cursor on «Funds» and select «Withdrawal of deposits.» Look for the BTC cryptocurrency in the list and click on “Deposits.” There you will obtain your Bitcoin address to which you can transfer the previously obtained funds.
Send the funds to the Binance Bitcoin Wallet using your address.
After sending them, it will take a few minutes to see them in “Available funds.” Remember that the process takes several minutes. To carry out this operation, it is likely that Binance will ask you to activate two-factor authentication.
This provides an additional level of security. To activate it, you must follow the steps indicated on the platform, downloading the Google Authenticator application as a compliment.
We will use Binance's basic trading platform to illustrate the procedure in this guide.
One of the main advantages of this exchange is that they also operate with their cryptocurrency. If you choose to use it, you can follow the instructions available on their website. It’s advantageous in that you can get a fee reduction whenever you use their coins.
The right computational resources are needed to mine the cryptocurrency and obtain the expected benefits. Mining can be done in a few simple steps. You will contribute to the basic procedures of the Ethereum network, confirming transactions, and performing other basic tasks.
Do not worry! You just have to install software that will perform these procedures. What you will be doing is recording new transactions into the blockchain. Traditionally, this was done with specialised equipment and computers. However, in Ethereum, this is done through what is known as “staking.” Essentially, it is defined as “ageing” coins. Most Ethereum wallets have the option to “lock” your coins. And, as those coins ceased to be used, they start “mining” and generating newer coins from them. The longer you keep your coins “frozen,” the more you will end up generating. The issue with mining Ethereum is that you will need to leave your coins unused, and, as such, your money will be unusable as well. Additionally, the Proof of Stake concept is still relatively young and misunderstood. Nevertheless, if you get it, it can be a very comfortable and less expensive method.
An investor can get Ethereum in by exchanging it for Bitcoin, for example.
You can also trade another cryptocurrency for ETH, such as Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH), and many more.
Any investor can accept ETH once he or she provides their cryptocurrency wallet address, through which a third party can transfer ETH.
Ethereum has managed to increase more than 250,000%. Its technology and acceptance in the investment community have made Ether a very strong cryptocurrency.
Now, ETH is at unique levels to reinvest, not only in the UK but worldwide. Suppose you have already begun to operate and invest in the cryptocurrency market. In that case, you will not want to miss the opportunity to invest and win with the Ethereum project, one of the most interesting in this field.
This platform allows the creation of intelligent contracts and decentralized applications without the possibility of inactivity, censorship, fraud, or interference from third parties. It has attracted investors and traders’ attention due to the accelerated growth it has had during the last year.
Ethereum is an excellent investment opportunity when buying this crypto coin, which has significant growth and has shown that its development is just beginning.
Yes, Ethereum is one of the biggest cryptocurrencies, and if you believe in its principles and the technology behind the blockchain, you should acquire some ETH.
Based on the mining hardware inputs provided, 0.02577214 Ethereum can be mined per day with an Ethereum mining hash rate of 500.00 MH/s, a block reward of 2 ETH an Ethereum difficulty of 3,352,456,909,281,082.00.
The cost of Ethereum mining is $29 per MH/s, reduced from the past rate of $44 per MH/s.
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