Ethereum is also a blockchain platform that has smart contract functionality. It is also essentially a decentralized platform for developers to build applications.
Ethereum can also be used to decentralized, and codify anything. Currently, it the third-largest cryptocurrency in the world. Investors want to invest in Ethereum.
What is Ether
Ether is also the currency or coin of the Ethereum platform. It will also be required by anyone wishing to use the Ethereum platform. It can be traded around the web and mined like Bitcoins. Mostly, the term Ethereum is used to refer to the currency instead of Ether. It can also be confusing for new investors.
How to Buy Ethereum and how to trade crypto through Ethereum: It is very easy to buy Ethereum for investors. It does not require a difficult process. Following are some steps to buy Ethereum:
- Get an Ethereum Wallet
An Ethereum wallet is required to store Ether. To store, send, and receive crypto coins, a digital wallet is required. So, traders should buy a wallet before going to purchase Ether.
Many types of Ethereum wallets are available in the market. One should buy a good and right wallet to store Ether. Following are some popular Ethereum wallets:
- Ethereum Hardware Wallets
There some hardware wallets that store Ethereum. TREZOR and Ledger are the most popular hardware wallet to store Ether. Hardware wallets are more secure to store Ether. That is why investors can use such digital wallets to store their coins,
- Electrum Software Wallets
Ethereum software wallets are good for new traders who just started buying Ether. Such wallets are available for free for investors. Investors can easily buy all such wallets to store their coins.
Ethereum software wallets are free of cost but they are less secure. A software wall is also constantly connected to the internet so, the security level is not up to the mark. Jaxx, MyEtherWallet, and Exodus are popular Ethereum software wallets.
- Buy Ethereum via Exchange
One can buy Ethereum from Ethereum exchanges. There are also several Ethereum exchanges. One should also choose the right exchange to make lots of money.
Getting Ether from a good exchange is better. Traders should research popular Ethereum exchanges. There are some exchanges that can help investors to buy Ethereum:
- But Ethereum Through Coinbase
Coinbase is a well-reputed exchange from one can buy Ethereum easily. Buying Ethereum through Coinbase is the cheapest way. One can also open an account on Coinbase.
After that, they need to add a payment method like credit card or PayPal. After that one can select the amount of Ethereum to buy. By clicking “buy Ethereum” one will get Ethereum. Buying Ether from Coinbase is a convenient way.
- Buy Ethereum Through CEX.IO
Bitcoin exchange that also offers Ether to buy via credit card. Opening an account on CEX.IO is the first step to buy Ethereum. One can also easily get Ether from this exchange. It is also very famous to buy Ether.
- Withdraw Ether into A Wallet
After purchasing Ether from an exchange, one can withdraw it into a wallet that he or she owns. Investors should never leave their coins on exchanges. They should also put all their coins in their wallets. It is one of the best decisions for traders.