Ethereum or ETH is the largest altcoin that runs on its blockchain. In 2021, the Ethereum blockchain was also considered the alma mater of apps in DeFi. Ethereum is the second most capitalized cryptocurrency in the world after Bitcoin. By mid-December 2021, it will be $458.9 billion. The token itself is traded at around $3.8 thousand. Programmer Vitalik Buterin created Ethereum in 2015.
Much information has been found. It is a decentralized public ledger that verifies and records transactions. It also allows developers to create, publish, and use smart contracts and decentralized applications (DApps) without needing third-party services. At the moment, Ethereum has evolved into a marketplace for financial services, games, and apps, all of which can be paid for with ETH.
Where to Buy Ethereum?
Let’s see where you can buy Ethereum instantly. If you decide to buy Ethereum with credit card and then sell it or exchange it for any other, including the currencies, we are used to. You can easily do it on the Switchere trading platform. If you buy Ethereum through Switchere, you can store the currency directly on our exchange without worrying about your wallet. It’s ultra-high security with two-factor authentication.
However, it is worth getting your wallet if you want to store a large amount of Ethereum for a long time. Cryptocurrency wallets are a bit like online banking services and are protected by a private key, a code that acts like your password and prevents others from accessing your account. Often they look like an app on your smartphone with easy access. Perhaps the safest way to store Ethereum is through hardware wallets. Another utterly safe way is to have a cold wallet. That is, they do not have constant access to the Internet, which significantly reduces the risk of hacking.
We have compiled a small listing for buy Ethereum with debit card. In addition to the exchange, you can also buy ether:
- through an exchange;
- directly from the owner of the cryptocurrency via P2P;
- using a bank card;
- when exchanging stablecoins.
These and other methods will be discussed in more detail below.
How to Buy Ethereum Online: Instructions
Ethereum works just like any standard cryptocurrency. They can pay for purchases in the world of cryptocurrencies and some countries in the traditional world. The value of the virtual currency has been rising since its launch in 2015 when it was only 40 cents. At the end of 2021, Ethereum can be sold for $3.8 thousand. And if you had invested only $100 in ETH back then, now you would have earned more than $950,000 by selling it.
Ethereum can be bought with dollars, euros, and other fiat currencies. In addition, cryptocurrency can be exchanged for bitcoins, stablecoins, etc. Choose an exchange with suitable trading pairs. If you decide to invest in Ethereum, go through these five steps to get started:
- Determine the level of risk. We never tire of reminding you that the cryptocurrency market is highly volatile, so all transactions here are risky. Always consider the rate of price change in this market, and don’t invest more than you’re willing to lose.
- Choose a crypto exchange. Crypto assets are not traded on traditional exchanges – they are special platforms. With the development of the industry, more and more sellers appear, but it is better to entrust your funds to trusted companies.
- Top up your account. You can buy Ethereum for USD, EUR, Japanese yen, bitcoins, or USDT. You can replenish your account with a card or bank transfer.
- Buy ETH with debit card. Another nice advantage of decentralized finance is the ability to trade on any day and time of the day. For example, there are no holidays or “working hours.”
- Keep the ether. If you plan to trade cryptocurrency and constantly play on the price difference, leave the required amount of assets on the exchange’s hot wallet.
Cryptocurrency prices are subject to high market risk and price volatility. Therefore, you must only trade r invest anonymously in products you know and understand the risks involved. Users who want to sell currency or buy eth with credit card can do it even without leaving home. Before investing, you should evaluate your investment experience, financial position, investment objectives, and risk tolerance and consult with an independent financial advisor. A thorough approach guarantees good results on the exchanges.
