How To Invest In Ethereum?
If you’re interested in investing in Ethereum, you need a digital wallet. Ethereum do not trade on main stock platform. You can’t go to your online discount broker and buy Ethereum. You need to convert it into your wallet.
It is very important to remember that Ether (ETH) is a currency, and should be managed as such, investor don’t buy shares of Ether like you would stocks or ETFs. Rather, you are exchanging your dollars for Ether tokens. There are no dividends, no payouts. Your only hope is that in the future, most people on the Internet can pay you more for your tokens than you bought them for.
Investing in Ethereum can be risky, but it could potentially be profitable. Unlike bitcoin or litecoin, companys are actually using Ethereum as a building block, something more similar to diamonds than gold. As an investor, this is a potential win.
However, Ether is still an Inter net currency, so you should always start with caution.
Check out article on: How does Bitcoin work in simple terms
How do I purchase Ethereum
You can purchase etherum from any trusted cryptocurrency exchange platform or you can simply get ethrum worth $20 and above from mybtc.ng (click here to learn more about our etherum rates)
How To Invest In Ethereum?
- Identify a Platform for Trading
As the basis for placing any trades it is important to identify the best trading platform for your needs.
- Create an Account
Once you have decided on a trading platform that fits your needs then the next step is to open an account.
- Deposit Currency.
- Begin Trading.
- Withdraw ETH into a Wallet.
Is ethereum worth investing in ?
From a purely numerical standpoint, the CoinSwitch team believes that ETH will rise to $1,550 towards the end of 2020, and to around $3,844 by 2025. That said, these figures posted by seem to suggest that Ethereum will most likely hit a token value of $11,375 ETH while BTC could become worth $61,900 per coin, although these figures are not to be trsuted as they are subjected to change, however part of the excess of investing is taking the risks.
Is ethereum dying?
No, it was not ending. Ethereum is #2 cryptocurrency by market cap, it is alive and it is simply better than Bitcoin and even #1 already as about its utility and total transactions number. Bitcoin’s basis is to be the virtual currency of the internet, and it uses the blockchain to do this.
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