Ethereum is the second-largest crypto network and its native token, Ether, is its fuel. Users can code directly onto this blockchain platform in order to develop and launch unrestricted apps.
Like its counterpart Bitcoin, Ethereum (ETH) derives its value primarily through being used as a currency; however it also provides other valuable attributes like gas fees, NFTs and loan processing services.
What is ETH?
The ETH/USD pair shows how many United States dollars, the quote currency, are needed to buy one Ethereum coin – the base currency. Ethereum cryptocurrency has become increasingly popular within the crypto market and this pairing shows what the cost would be to acquire it using fiat money on an authorized exchange.
Ethereum is a blockchain network that has revolutionized global finance through decentralised finance. It offers innovative new ways of earning and investing online, creating an expanding digital economy.
Vitalik Buterin first described Ethereum in 2013 and completed funding through an online crowd sale in 2014. Their native token, called Ether (ETH), serves two primary functions within its network – paying transaction fees and being staked to validate transactions on the blockchain. Ether is currently the second-most valuable cryptocurrency by market cap after Bitcoin.
How to buy ETH?
When the time is right to invest, Ethereum can be purchased at a cryptocurrency exchange platform. These platforms typically feature user-friendly interfaces with convenient payment methods – including credit cards. Before placing an order you’ll need to create an account and verify your identity before funding it with fiat currency or crypto assets before placing an order.
Traditional investments may only be open during specific hours, while cryptocurrency exchanges operate 24/7. When selecting an exchange to trade on, look for one with a wide selection of cryptocurrencies at reasonable fees and mobile apps to meet your trading needs.
Keep in mind that Ethereum and other cryptocurrencies can be highly unpredictable investments. Their price can rapidly change within minutes of trading. Therefore, it is vitally important that you carefully assess your risk tolerance and the stability of the rest of your portfolio prior to investing in crypto assets such as Ethereum. It would also be prudent to store any purchased ETH in a digital wallet you control; this will protect against hackers while giving more flexibility should you decide to sell off later.
Where to buy ETH?
Purchasing Ethereum can be done easily, though investing over the long-term requires careful thought. There are numerous brokers, exchanges and apps offering different features depending on your individual requirements.
Cryptocurrency exchanges are the go-to place to purchase or sell Ethereum (ETH). They typically offer multiple ways of depositing fiat currency, competitive fees and an extensive selection of crypto assets – plus many have mobile apps to facilitate trading on the go!
When purchasing on an exchange, entering the Ethereum ticker symbol ETH into the “buy” field and specifying how much cryptocurrency you wish to buy is all that’s necessary. Fractional coins may also be purchased if funds don’t allow for full token purchases.
Numerous investment platforms like eToro offer credit card-based ETH purchases for instantaneous processing compared to bank transfers, providing instant processing with safe storage of coins. Just ensure the platform you select offers reliable security measures.
How to sell ETH?
There are various methods of selling Ethereum (ETH), from fast and straightforward services like Bitrefill’s gift card selling feature to more discreet methods like meeting someone face to face and exchanging cash. Whichever approach you take, be mindful of any fees involved as well as when the funds will appear in your account.
When selling on an exchange, make sure you use a reliable service with an authorized license within your jurisdiction. In most instances, KYC verification and identity proof will likely be necessary to complete this process.
Once you have an account, selling your ETH is simple. Simply choose your market and enter the amount to sell; to set a Limit order that will execute when your chosen price has been reached; select your payment method; submit order; and the funds will be delivered back into your exchange account.
