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How To Buy Ethereum

How To Buy Ethereum

If you are in the cryptocurrency scene, there is no way you haven’t heard of the option of Ethereum. Breaking into the industry in 2013. This digital currency took the world by storm, offering online gamblers a new alternative to the exciting trend of cryptocurrency. 

Ethereum may be Bitcoins runner-up, but in many aspects, this digital monetary option brings way more opportunity to earn than the industry trident, Bitcoin. Essentially Ethereum is not a cryptocurrency, but rather the name of a decentralized electronic ledger, known as a blockchain, which holds this information in a public manner. 

Ethereum gained popularity quickly, and with that comes the massive demand for Ethereum crypto coin, Ether. Let’s take a look at how to buy Ethereum and the best platforms to bump up your balance and reap the rewards of a high-quality crypto gamble. 

Ethereum Vs. Bitcoin 

For many years now, Bitcoin and Ethereum have been the main topic of conversion in the crypto industry; why? Since cryptocurrencies came about, these two digital currencies have been head to head, trying to take the place as the monetary option of the future. 

Many don’t know this, but the two front runners have many differences, providing a clear line between which will be more beneficial for its user. Deciding on which cryptocurrency is your perfect fit is based on what you are looking to get out of your experience. 

Bitcoin is all about dynamic use, while Ethereum focuses on security. Both options are valuable, but each holds qualities, which may intrigue some users more than others. Based on past behavior patterns, Bitcoin is the perfect fit to secure assets, and Ethereum is ideal for trading. 

Step By Step: How To Buy Ethereum

Nowadays, most online activities are straightforward and can be completed in a few simple steps; Ethereum is no different. Its forward-thinking and futuristic technologies have allowed for efficient transactions and easy ways to up your stash. With all the e-wallets and trading apps, getting your hands on any cryptocurrency has become incredibly easy. Here is how to buy Ethereum in a few simple steps.

Step One: Pick Your Preferred Trading App. 

There are many options out there. Make sure you pick one that provides the opportunity of Ethereum, and you understand the dynamics. With easy command over the app and a basic understanding of how the going price works will make a massive difference in the overall success of your purchase.

Some of the recommended apps include;

  • Coinbase 
  • MyEtherWallet.
  • Exodus.
  • Jaxx.
  • Electrum Wallet.

Once you have made your choice, set up your account to make sure your transactions are successful. To set up the account, users will need to provide the following information.

  • Your full legal name
  • Your address
  • Your phone number and email address
  • A copy of a government-issued photo ID

Step Two: Credit Your Account. 

Now that the app is set up, the next step in how to buy Ethereum is to credit your account. This can be done in no time at all, thanks to Ethereum’s little to no waiting times. Users can make the payment from their private account to the source. Most trading apps nowadays allow for transactions using bank transfers, but some even accept credit cards, so make sure to do your research before funding up.

Step Three: Buy Your Ethereum

Once your account is credited, it’s time to make the transaction from fiat currency to cryptocurrency. Pay attention to the price of Ethereum and make the transfer when you deem fit. No user will ever be forced into buying a whole Ethereum coin; users can buy coins infractions. 

Step Four: Store Your Ethereum

Now that your transaction is complete, you will be the proud owner of Ether. To keep your Ethereum safe, choose from the wide range of e-wallets available. The most popular options being;

  • Trezor One
  • Coinmama
  • Ledger Nano S
  • Exodus
  • Metamask

What’s The Way Forward? 

Now that you have your hands on Ethereum, what can you do with it? Well, your options are endless. It all depends on what our end game is. Ethereum has many uses, and investments are a great option, but if you are looking for some fun, try out crypto casinos that offer Ethereum. Bitcoin casinos have always been the most sought after, but with Ethereum now on the scene, most Bitcoin casinos offer both options. 

Crypto casinos offer an environment that allows all users to get entertainment out of the cryptocurrency experience. Set signed up to a top-tier platform and watched the fun and the rewards increase. Now that you know how to buy Ethereum, all that is left to do is get the fun started! Here are the most enjoyable Ethereum online casinos;

Ethereum Is The Way Forward

Waste no more time, and jump on board the crypto trend by getting your hands on the up-and-coming option of Ethereum. With Bitcoin currently sitting at such a high price, the next best buy is Etheruem, providing quicker and more efficient times and costs, as well as more secure and trusted transactions. Better yet, once you have got your Ethereum in your pocket, you can head over to a crypto casino and get betting.

Last updated by Jen Van Lier on May 4, 2021

About the editor

As website manager, Jen contributes reviews and updates to The Bitcoin Strip on a daily basis. Jen worked in the casino industry for 9 years before focusing on Bitcoin in 2016. She writes on subjects ranging from traditional slots all the way through to unique Bitcoin games, provable fairness and Ethereum smart contract gambling.

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