As a savvy Mompreneur no doubt you’ve started dabbling in some investments. Does your investment portfolio include Ethereum? If not, here’s How to Buy Ethereum Cryptocurrency.
How To Buy Ethereum From A Trusted Dealer
Ethereum was launched back in mid-2015 and was quick to surpass the market cap of other cryptocurrencies, other than Bitcoin. At the beginning of 2017, the price of 1 ETH was less than just $10. Since then, the price managed to reach higher than 40 times that at one point.
This exceptional growth in price, along with a greater understanding of the cryptocurrency’s potential, has many investors looking to purchase Ethereum.
So, we’re here to guide you on how to buy Ethereum in Australia or from wherever you are located.
How to Buy Ethereum
By far, the most straightforward way to buy Ethereum is to make use of a cryptocurrency exchange online. As cryptocurrencies have risen in popularity over the last couple of years, there has been no shortage of new companies looking to facilitate exchanges.
With so many out there, here are a few things to look for when ensuring you go to a trusted dealer.
- Direct facilitation of exchange of cryptocurrencies
- A guaranteed price and fees that are clearly stated when you place your order to ensure you are not dealing with complicated market interfaces.
- Lock-in prices – If you’re allowed to lock in prices for your first order, it means you don’t have to wait for your deposits to clear and you’ll receive the amount of cryptocurrency you bought at the set price order, once your deposit has cleared.
- Flexible payment options – A trusted dealer will allow you to use credit or debit cards for instant purchases.
Ethereum FAQ for Beginners
Once you know what to look for in a trusted dealer, there are a few questions to consider.
- What’s the difference between Ether and Ethereum?
- Do you have to buy a whole Ether?
- How can you store your Ether?
- Is it too late to invest?
1. What’s the difference between Ether and Ethereum?
Ethereum is the cryptocurrency network and Ether is a currency of that network. The currency is not technically called Ethereum, but the terms can be used interchangeably to describe both currency and network.
2. Do you have to buy a whole Ether?.
Not at all, and a reputable dealer should clearly explain this to you. Ether is divisible by 18 decimal places. Most exchanges do allow you to deposit as little as $10.
3. How can you store your Ether?
Again, a reputable dealer will explain your options. It’s not recommended to store large amounts of your cryptocurrency on an exchange in the long run. Here’s why:
- When an exchange or cryptocurrency wallet is hosted online, it creates opportunities for hackers. Make sure you use a secure password and that the host has 2-Factor Authentication.
- Many online exchanges are controlled by businesses. They control the cryptocurrency wallets and you don’t have access to the wallet’s keys.
4. Is it too late to invest?
Whether or not to invest in Ethereum is a question you must answer yourself. Do your research and invest an amount you are okay with spending.
Once you have a good understanding of Ethereum, you can seek out a reputable dealer who will be happy to help you invest in cryptocurrency, offer sound advice and have your best interests at heart.
Have you invested in Ethereum Cryptocurrency? And did you buy early enough to benefit from its meteoric rise?
This article is published in partnership with Mediabuzzer.