If you are interested in cryptocurrency and want to know where to buy Ethereum, then look no further. This helpful guide will tell you everything you need to know
Why invest in Ethereum?
With the number of cryptocurrencies on the market, it can be daunting and confusing choosing which one to buy. Bitcoin is always a favourite for beginners and experienced investors alike, however, Ethereum isn’t far behind.
There are currently over 100 million Ethereum tokens in circulation with the cryptocurrency being used to incentive its miners to run their mining hardware on the platform. The tokens can also be used for payments between users, similar to Bitcoin. With more and more places accepting cryptocurrency as a payment, it is no surprise Ethereum is becoming a popular digital asset.
Ethereum is not only a personal favourite. It can also be used for developments in major industries such as healthcare. Ethereum has the potential to revolutionise the health care system by allowing patients’ documents to be safely and securely shared with other hospitals and GPs. Doing this will make all processes much more efficient. If a patient was to become ill abroad, for example, the hospital would be able to get hold of their documents in minutes.
Where to buy Ethereum
Buy with an exchange
There are several exchanges that sell Ethereum and the types of exchange you can use vary. You could opt to use a fiat-to-crypto exchange that allows you to use local currency to buy Ethereum. You can usually do this through prepaid, credit and debit cards. However, some exchanges may also use a dedicated wallet that connects directly to the exchange’s dashboards.
The benefit of using a fiat-to-crypto exchange is that you can buy, sell and even hold Ethereum in a fast and secure way. Using your fiat is also a less volatile way of purchasing cryptocurrency, as you’re less likely to lose value while your order is fulfilled.
You could also head to an exchange that facilitates crypto-to-crypto payments, allowing you to buy Ethereum with your Bitcoin, for example. There is slightly more risk involved with this and you may not always get the amount you plan for. This is because the price of cryptocurrencies change so much.
Buying with LocalEthereum
LocalEthereum is a local peer-to-peer marketplace, that allows individuals to connect with each other in order to buy and sell Ethereum. This is a great way of buying Ethereum if you want to stay anonymous and connect with a wide variety of sellers. The variety of this marketplace is high, however, so is the risk. When using P2P marketplaces, it is important to be vigilant and ensure the person you are trading with is trustworthy.
If you are looking for an alternative way of buying Ethereum then you might be interested in mining it instead. To mine Ethereum you will need to use your own CPU mining computer. There is also free mining software available that can be used dependent on the cryptocurrency. Two good examples are ‘Minergate’ and ‘Ethminer’, they are both are great softwares that are compatible with Windows, Linux and Mac. For more information on how to mine Ethereum, check out our handy guide here.
Ethereum is a disruptive technology that is set to change how the internet and large sectors work. With this, ETH is becoming increasingly popular and many are now wanting to invest in this attractive cryptocurrency.