What does Ethereum have to offer?
The main reason to invest in this digital currency is its recognition and the use of it worldwide, since it is the second largest capitalization cryptocurrency after the well-known Bitcoin. Because it is a system of digital currencies it is a new and innovative system.
Buying cryptocurrencies has its risks, because its value instability could make its price rise or fall suddenly. Therefore, investments must be taken seriously and with great care. Ethereum offers rarely seen characteristics because this coin has given divisions of the Ether currency. Therefore, the list of coins from highest to lowest is this:
- and Wei.
These coins are controlled by a machine called Ethereum virtual machine (EVM), which has had numerous successes in its short life to the point that large companies like Microsoft have considered investing in it, thus making investors take into account buy with the ETH. As for investing in this cryptocurrency, the decision is solely in your hands. The ETH is very used and therefore its value could multiply, the possibility that its value falls is almost zero, but before making any investment, think and analyze, because you could lose some money.
How to invest in Ethereum?
If you are going to invest in cryptocurrencies, you need to have euros, dollars or the currency of any country. After all, when you buy a product, an asset or a currency, you need money to do it. Obviously, when you want to buy or sell Ethereum CFDs you also need to have money. In the case of the broker mentioned above, you can deposit money from the following means of payment: PayPal, Skril, Credit or Debit Card, or Bank transfer. Of course, you must know that, if you deposit money by a means of payment, to withdraw it you have to use it. A few years ago it was not possible to acquire ETH with a credit or debit card.
Today, several companies accept payments with credit cards by Ethereum. Buying cryptocurrencies with a credit card is a good option if you need a small amount or if you need it in a hurry. However, buying with a credit card usually involves very high commissions due to the high risk of fraud and high processing fees. Below, you will find a list of companies that allow you to buy Ethereum with credit or debit cards. The availability of each service may vary depending on your location. For example, many of the named companies do not offer their services to residents of the United States due to strict regulations.
How and where to buy Ethereum?
There are several ways to invest in -and buy- this cryptocurrency, but among all, the best are Coinbase, Binance and Cex.io, because these pages offer security and convenience when making a transaction. These sites are the most preferred by the investor, because they offer details about said cryptocurrency and, in this way, it is done in such a way that whoever buys it is aware about how volatile the currency is and its price. If you are determined to buy ETH, you can do it with Euros and PayPal. With these means your payments will be guaranteed.
When buying, a virtual purse is opened, identified with an alphanumeric code, in which the purchased ETH units are deposited. Transfers can be made to that wallet by communicating the identification code. It’s almost the same as a bank account. The way to acquire a digital wallet can be compelling and difficult to carry out, but with Coinbase the thing becomes easy, as well as being very feasible it offers security and instantaneity when making an exchange. Another thing to consider is that some exchanges tend to be better suited to traders with a specific amount of experience; for instance, beginner traders may feel at home in Coinbase while others may prefer CEX.io. It is all just a matter of trying some out and stay where you feel the most confident.
First steps in Coinbase
At the moment of entering the Coinbase portal you will have to carry out different steps to make a satisfying purchase;
- the first step is to register and create a Coinbase account that allows you to store your Ethereum in a reliable place. For that registration, you must comply with a few requirements; to be over 18 years of age; to reside in Europe, Asia, Australia, or North America; and to fill out a simple form in which you must add your information. A few seconds after completing the registration, a message is sent to your email to verify and activate your account. To have more security in your account, you can add your phone number.
- After making this first step, you must upload a copy of your ID and you will have to connect your bank account, credit card, or due card through various stages of verification; once this easy process has been completed, you can start buying. The purchase process is simple, since Coinbase shows the current exchange rate before making any purchase that you want to carry out, Coinbase will complete your operation and deliver the requested ETH. This platform presents a varied menu of options, in the main panel your portfolios and balance are shown, as well as the quote in real time. It contains other tabs in which you can perform different operations such as buying, selling, viewing your transactions, modifying your data and others.
Binance, a friendly Exchange
Binance is a page available for everyone that allows you to sell and buy different types of cryptocurrencies. This portal enjoys an excellent reputation and emerged along with the implementation of the digital currency as the Ethereum. Binance is available in different languages such as Spanish, English, Chinese, Russian, French and German. It can be used as a virtual wallet or as an exchange. This portal is also an application that you can download through Google Play. Through Binance, you cannot enter euros or dollars; what is allowed is the entry of cryptocurrencies like Ethereum, Bitcoin, or others. Therefore, once a balance is available in Binance, a cryptocurrency can be exchanged for another that could have an increase in its value, so it is important to study the situation.
To register in Binance, select your language, click on the “register” button, fill in the form, and enter a secure password. Then, check your email. In this simple way, you can deposit, withdraw, buy, and sell cryptocurrencies through this efficient portal. Another reason why to decide to operate with Binance is that it is one of the most used exchanges; besides that, it sits in the top 5 of the largest volumes of capital of Ethereum and it is one of the sites that moves the largest cryptocurrencies.
Buy Ethereum in Cex.io
Cex.io is one of the platforms with the best experience for buying cryptocurrencies by users with credit or debit cards. It is a Bitcoin exchange, above all, which was born in 2013 but it has also been operating with Ethereum for two years. It presents the ideal conditions for the fast processing of card payments, accepting a wide range of entities. In addition, it provides constant services backed by cold storage of virtual currencies, financial viability, and strict legal compliance.
How to buy Ethereum at LocalEthereum.com
LocalEthereum is a portal with which we can also buy Ether easily using credit cards. We explain below the steps to follow. We enter the website localEthereum.com and we create an account, very quickly since we only have to verify the mail as the data they ask for is little. Anonymity is also one of the values that this page puts on the rise, so we will not have to worry about it. Once we have registered, we can buy Ether in one of the panels. You choose the seller you want and when you enter the panel of each of them, a screen will appear.
You must attend to three fundamental things: first, you must know that the messages you exchange will be private from end to end; second, the price you are going to buy is fixed by the seller, so if it does not convince you, you can look for another one; and finally, on the lower right, the seller’s data appears and you can compare it with others before buying. Among the main advantages offered by localEthereum.com stands out the anonymity, as the main value, as well as many options to make the purchase, a fast registration, and a simple process.
How to Buy Ethereum with Credit or Debit Card
In our list of sites where you can acquire Ethereum through credit cards, we have Coinbase first, which is the largest broker in terms of Ethereum. Coinbase admits clients from more than 30 countries from Europe (except Germany), America (USA and Canada), as well as Australia and Singapore. Customers residing in the aforementioned countries can acquire Ethereum through Coinbase through debit, credit, transfer, and bank deposit cards as well as by purchasing amounts greater than 100 USD in Ether; an extra 10 USD is paid.
Next is Bitpanda, this stockbroker residing in Austria offers a variety of payment methods to acquire Ethereum, such as: credit card, debit card, online bank transfer, NETELLER, Skrill, giropay, SEPA, SOFORT and eps. We also have Coinmama, this platform allows you to acquire Bitcoins to your customers in almost every country in the world through a credit or debit card, allowing you to acquire amounts in Ethereum under 150 USD without the need to verify your identity and with a commission of 8% (for amounts over 150 USD it is necessary to verify your identity). A very good option can also be the Uphold platform in which we can acquire the following cryptocurrencies: Ethereum, Bitcoin, and Dash through deposits or transfers from many US banks, SEPA bank accounts and debit cards or credit in addition to also financing our portfolio through other cryptocurrencies.