It’s the second-largest cryptocurrency by market capitalisation, but how can you buy Ethereum in Russia?
Ethereum was proposed by the Russian founder of Bitcoin Magazine Vitalik Buterin. In Russia, banks like VTB and Sberbank have shown an interest in the platform.
Let’s take a look at how to buy Ethereum in Russia.
Ethereum in Russia
Despite its relatively young age, Ethereum has developed into a strong altcoin and has excellent investment qualities. Many personalities in the world of cryptocurrency, well-known entrepreneurs, and experienced miners are now investing in Ethereum. ETH is actively trading on cryptocurrency exchange services and can be purchased and sold for Russian rubles.
About Vitalik Buterin
Ethereum is a project of Russian-Canadian origin thanks to founder Vitalik Buterin. To create his own cryptocurrency, he launched a crowdfunding campaign and, with the help of investments from interested parties, he implemented his idea in 2015.
His aim was to create an open platform for developing decentralised applications based on the blockchain. By launching Ethereum, Buterin essentially developed an alternative version of Bitcoin, with a wider range of functions and tools funded by the people and for the people.
How to buy Ethereum
You can buy Ethereum in Russia on many popular cryptocurrency exchanges. Different exchanges have different characteristics and trading capabilities, so you should thoroughly research which exchange meets your investment needs. If you want to buy Ethereum in Russia, you should consider whether you want to buy Ethereum with rubles, buy it with another cryptocurrency and if you want to trust a third-party with your money.
The process for purchasing Ethereum on all exchanges is relatively similar, so choose the exchange you are most comfortable with. You’ll need to create an account on whichever exchange you choose, complete and pass the KYC process and use the exchange to buy your Ethereum. The purchase method you use may differ depending on the exchange you use. You could use your credit or debit card, for example, but this could lead to high transaction costs and fees.
Many exchanges will also provide graphs to help you follow the price movements and make predictions on where you think price will go next based on historical data, allowing you to make a purchase at the most profitable exchange rate.