After Bitcoin, which can be traded on Bitcoin Prime, Ethereum is the Crypto with the largest market capitalization. It has its own blockchain network, and others can use that as well to develop decentralized applications. As a Cryptocurrency, Ethereum faces a lot of ups and downs because of its volatility. Certain factors are to be considered before deciding to buy Ethereum.
Is Ethereum Worth Buying?
Cryptocurrency was launched in the year 2018, and since then, it has been seen soaring heights. The price has gone up with time, and they have a blockchain network of their own which increases the potential. They are also coming up with the latest variant known as Ethereum 2.0 and are going to get better with it. So, if you wish to know whether they are worth purchasing, obviously we will say a yes. Learn more about how you can purchase them at your comfort. It can help you massively.
How To Purchase Ethereum?
Here is your step-by-step guide on how to purchase Ethereum without any complications:
1. Choose A Cryptocurrency Exchange
Cryptocurrencies cannot be purchased from banks or other financial institutions. They have Cryptocurrency exchanges of their own, so you have to choose a Crypto trading platform. Many exchanges facilitate Crypto buying, and since Ethereum is one of the most famous ones, it is available on all the Crypto exchanges.
However, it is recommended that you scout for a reliable and reputable Crypto exchange so that you do not have to worry about your security. Different platforms also charge different fees, and you can keep that in mind while choosing your suitable exchange.
2. Fund Your Account
The first step after choosing an exchange is to create an account there. After that, you have to put in your personal information, which will be used to verify your account. The next step would be to add your bank details or card number to fund your account.
Funding an account does not mean investing. After the steps mentioned above, you have to decide if you are ready to purchase Ethereum.
3. Place An Order
After funding your account, you will be able to see the amount in USD. You can then enter the amount in USD terms. People mostly do not buy a whole coin, so whatever purchase you make will be shown as a percentage of an entire coin.
4. Store Your Ethereum
If you have invested a small amount in Ethereum, then you can leave it in your Crypto exchange account, but if you have a huge investment in Ethereum, then it is a safe call for you to get a digital wallet and store your investments. This will ensure proper safety from your end.
The Bottom Line
If you are a risk lover, Ethereum is one of the best investment choices. However, do not invest a major portion of your portfolio in Cryptocurrencies or any other asset alone. Ethereum will offer you great diversification benefits and is better for an investment that is meant to be long-term. So, are you convinced to invest in Ethereum? Read our guide and get started.