Where to Buy Ethereum?
Ethereum is one of the over 1,300 cryptocurrencies in circulation today, and it operates on its unique blockchain just like bitcoin. Additionally, it has smart contract functionality. The Ethereum operates on a decentralized application platform for developers to easily build apps for its easy use. Ethereum was first invented in 2013 by Vitalik Buterin.
How does ethereum work?
You can use Ethereum to secure, decentralize, trade and codify about anything, like intellectual property, agreements and contracts of the most kind, company governance, crowdfunding, financial exchanges, domain names and voting. The focus of this write-up is how to buy Ethereum.
The first step to buying Ethereum involves getting an Ethereum wallet. The wallet is required to hold or store the Ethereum you want to buy. Many forms of Ethereum wallets are available today; there are the software and hardware forms of Ethereum wallets. The hardware types are Trezor and Ledger. The software types are MyEtherWallet, Jaxx, and Exodus. However, the hardware wallet is considered to be more secure than the software.
Buy the Ethereum
You can buy the Ethereum using several methods of purchase, like cash, wire transfer, and credit card, depending on the method of purchase accepted by the exchanger or broker. Many Ethereum exchanges are available out there, but you want to look for a reliable exchange that had been around for a very long time and also accepts numerous payment methods. While some outlets will sell you the Ethereum you want to buy, some other outlets will only allow you to speculate on the price of the Ethereum. Many of the exchanges will allow you to buy and sell Ethereum using any of the fiat currencies, like Yen, Euro, and Dollars. Some operating locally can also allow you to buy using the local currency that obtains in your corner of the world.
Purchase the Ethereum
You can buy your Ethereum via Coinbase.com. The process is very easy as highlighted below:
• Open a free account with coinbase
• Add the payment method you prefer, be it your bank account or credit card
• Next, click on “Buy/Sell” and then indicate the amount of Ethereum you want to buy.
• Then, click on “Buy Ethereum.”
When you buy Ethereum on coinbase, you will be required to pay a fee between 1.49% and 3.99%; the actual fee depends on the payment method you have chosen. Bear in mind, however, that the fee on credit cards is higher than that on wire transfers.