There are many ways for Ethereum to Purchase or to earn it. After Bitcoin, Ethereum is the most valuable altcoin. Ethereum also works on Blockchain technology for secure transaction.
The topic we will cover in this article :
- Ethereum Info
- Smart Contract
- Ethereum Miner
- Ethereum Purchase
- Ethereum Purchase from Exchanges
- Ethereum Purchase with PayPal
- Ethereum Purchase with Skrill, Neteller, Payza
- Ethereum Purchase with Bank Transfer (SEPA, SWIFT)
- Ethereum Purchase via Local Bitcoin Exchange
- Wallet Use by Ethereum.
- Why to invest n Ethereum
Check the video on What makes Ethereum So popular-
Ethereum Info :
Ethereum was created by 19-year-old Vitalik Buterin in 2015. It is also a decentralized currency like Bitcoin and works on blockchain technology.
But here is the kicker the use of the same blockchain technology separates Ethereum from Bitcoin.
Ethereum Smart Contract
So let us understand the term “smart contracts”.
While Bitcoin’s blockchain technology records, stores and replicates transaction data on many computers around the world.
Showing how digital money moved from one place to another.
The Ethereum blockchain technology has expanded this concept one step further and also runs computer code equivalently on many computers around the world which are phrased as smart contracts.
So in simple and common words smart contract is a term used to describe the computer code that facilitates the exchange of money, contract, property, or any asset which have value.
As these small contracts run on the blockchain and strictly run (executes) as programmed.
It neglects any possibility of fraud, interference, third-party control, or downtime.
In the Ethereum blockchain, miners work to earn ‘Ether’ a crypto token that fuels the network.
Ether crypto token is rewarded to miners for their work.
Which is the same transaction fee that we pay during sending or receiving the Ethereum coin.
At the time of writing this article, Ethereum’s price was $3484 with a dip of 3%in last 24 hours., 1 United States Dollar equals to 0.00029 Ether
1 Indian Rupee equals0.0000039 Ether and 1 Ether equals2,58,797.05 Indian Rupee.
Ethereum Price Prediction
ETH could be preparing for a 25% climb toward $4,610. Ethereum price prediction is based upon Ethereum Price history, we need to check the price of the last 1 year for correct prediction.
How and where to do Ethereum Purchase
There are numerous ways for Ethereum purchases.
Below I have listed every single way for Ethereum purchase in any part of the world with prominent payment methods.
Ethereum Purchase with a credit & debit card
There are multiple Ethereum exchanges that allow buying Ethereum with Credit & debit cards directly. A few of the best Exchange are:
1. Coinbase Exchange
One of the trusted and renowned Cryptocurrency exchanges to buy coins with Credit & debit cards directly (especially for US users). Coinbase exchange currently supports 31 Cryptocurrencies and 18 more comings soon.
It charges a 3.99% fee with a Visa and Mastercard.
You can buy 1000$ worth of Bitcoins just by setting up your account.
- If you don’t find Ethereum at Coinbase Exchange. Then First buy Bitcoin here
- Then transfer Bitcoin to Binance Exchange.
- Later Exchange Ethereum with Bitcoin at Binance Exchange
2. Cex.io Cryptocurrency Broker
Cex.io exchange is also a renowned exchange to buy coins with credit & debit cards directly.
Cex.io Exchange charges 7% buying fee if you buy using their brokerage service.
Otherwise, Cex.io Exchange only charges a 2.9% Fee with Visa and MasterCard
Cex.io supports 26 cryptocurrencies
3. Changelly instant cryptocurrency exchange
Best Instant cryptocurrency exchange for Ethereum purchase with a credit & debit card instantly. Changelly supports more than 200 coins. Changelly charges a 5% fee.
You can do Ethereum purchase directly without submitting your personal information. Just attach your Credit or debit card and receive coins instantly to your wallet
Changelly supports more than 150 cryptocurrencies. You can read the review to learn in detail
4. Binance Exchange
Binance has recently started a service for Ethereum purchases with credit & debit cards via simplex. Binance is a leading cryptocurrency trading platform in the industry. The exchange supports more than 1300 cryptocurrencies and thousands of trading pairs.
Although there is no KYC required for trading at Binance for Ethereum purchases with a credit card you have to provide your personal information.
The same is true for the fee. There is a low trading fee on the Exchange.
But for Ethereum purchases with a credit & debit card, you have to pay a 5% to 10% fee of the total buying amount.
5. LocalBitcoins Exchange
Local Bitcoins is the world’s best P2P (peer-to-peer) exchange.
If You are unable to find Ethereum in any of the above exchanges. Then you can buy Ethereum at LocalBitcoins Exchange indirectly.
LocalBitcoins Exchange allows buying bitcoin with every payment method possible, using any Fiat currency, and in any part of the world.
On top of this, You don’t need to provide any personal information to buy bitcoin from the exchange.
Local bitcoins charge a 1% transaction fee to both seller and buyer.
You can buy Ethereum indirectly at LocalBitcoins Exchange in Approximately 30 minutes
STEP -1. First Buy Bitcoin with a debit or credit card at LocalBitcoins Exchange.
Ethereum Purchase with PayPal directly
PayPal directly allows buying and selling of Bitcoin, Ethereum, Bitcoin Cash, and Litecoin from their platform directly.
Ethereum Purchase with Skrill, Neteller, Payza
Note: – Cex.io is the best Exchange that accepts Skrill as the payment method. If you are unable to find your coin listed at Cex.io Exchange.
Then you can buy Ethereum indirectly with Payza, Neteller, and Skrill at LocalBitcoins Exchange
First, buy Bitcoin with Payza, Neteller, or Skrill at the Localbitcoins exchange.
Then transfer Bitcoin to Binance Exchange. Then trade Ethereum with Bitcoin.
Ethereum Purchase with Bank transfer (SEPA, SWIFT)
Note: If You are unable to find Ethereum at Coinbase or Cex.io Then Buy it Indirectly at LocalBitcoins Exchange.
LocalBitcoins exchange can always be used to buy Ethereum with every possible payment method (like Gift cards or cash) in any part of the world (indirectly).
- First Buy Bitcoins at Localbitcoins Exchange with your preferred payment method.
- Then transfer Bitcoin to Binance Exchange
- Then Exchange Bitcoin with Ethereum.
- At last, withdraw Ethereum to the supported wallet
If you don’t find Ethereum at Binance Exchange or Changelly Exchange
Then you can check the above Ethereum exchanges section. There you can find the Exchanges that Ethereum is currently trading
Later transfer your bought bitcoins to any of the Ethereum Exchange and convert them to
Paxful Exchange is an alternative to LocalBitcoins Exchange. But Localbitcoins has a relatively large customer base. Hence, you can find better rates here.
What’s an Ethereum wallet?
Ethereum wallets are applications that let you interact with your Ethereum account. Think of it as an internet banking app – without the bank. Your wallet lets you read your balance, send transactions, and connect to applications.
Your Ethereum wallet is only a tool for managing your Ethereum account. That means you can swap wallet providers at any time. Many wallets also let you manage several Ethereum accounts from one application.
That’s because wallets don’t have custody of your funds, you do. They’re just a tool for managing what’s really yours.
Types of wallet
Physical hardware wallets that let you keep your crypto offline – very secure
Mobile applications that make your funds accessible from anywhere
Web wallets that let you interact with your account via a web browser
Desktop applications if you prefer to manage your funds via macOS, Windows or Linux
ALWAYS USE HARDWARE WALLET TO STORE YOUR Ethereum COINS
Why Invest in Ethereum?
Ethereum is gaining every day and with its price increased by more than 1,000% over the past 12 months, Ethereum is making its investor richer day by day. There are much reason why you should invest in Ethereum, some of them are as follow :
- The great NFTs revolution
- The creation of a decentralized world
- The emergence of a new dawn
The Great NFTs Revolution
NFTs are certificates of ownership for digital assets such as artwork, music, and videos traded over the blockchain. Users can buy and sell them on marketplaces.
The Ethereum network generates distinct IDs for NFTs, which guarantees their uniqueness. At the same time, smart contract functionality automatically transfers ownership of the NFT’s unique ID from the seller to the buyer upon receipt of the buyer’s ETH, so the seller cannot just grab the ETH and bail. NFTs could fetch as little as 0.01 ETH or millions of dollars.
Ethereum provides a gateway to this lucrative market. And since the fundamental trading unit for NFTs is Ether, investors could open themselves for compounded gains if both the value of their NFTs and ETH increase in the foreseeable future.
The creation of a decentralized world
The rise of cryptocurrencies has led to the rise of infrastructure that solely exists in cyberspace — decentralized apps (dapps). They span all sectors, including but not limited to finance, games, online casinos, decentralized exchanges (DEX), social networks, insurance, and healthcare. But their key commonality is that there is no central development team or staff behind any of the apps.
There are more than 3,000 dapps spread across 16 major blockchains, and 2,835 of them are based on the Ethereum network. They have a total of around 100,000 daily active users. But don’t be mistaken, this is by no means a small feat. The total volume of smart contracts across these apps has reached a stunning $734.8 million in the past 24 hours.
The emergence of a new dawn
By the end of 2022, Ethereum will transition from a proof-of-work (PoW) to a proof-of-stake (PoS) network, which could reduce its energy consumption by over 99% from current levels.
Under this setup, token holders, not miners, validate transactions by pledging their ETH for lockup in a staking pool. So not only can stakers benefit from capital appreciation of their tokens, but they also receive small “interest” payments in consideration for staking their ETH and validating transactions.
What’s more, future protocol upgrades could allow users who don’t have enough ETH to stake their tokens into a pool for a commission instead.
On top of that, the Ethereum network is prime for the adoption of blockchain-of-blockchain integration, which would enable users to stake their ETH to validate transactions on other blockchains for more rewards.
Overall, due to its critical role in creating NFTs and dapps, and its innovative potential after transitioning into a PoS network, Ethereum is the top cryptocurrency investment of the year.