How To Invest In Ethereum

How To Invest In Ethereum
How To Invest In Ethereum

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?

  1. Identify a Platform for Trading
    As the basis for placing any trades it is important to identify the best trading platform for your needs.
  2. Create an Account
    Once you have decided on a trading platform that fits your needs then the next step is to open an account.
  3. Deposit Currency.
  4. Begin Trading.
  5. Withdraw ETH into a Wallet.
How To Invest In Ethereum
How To Invest In Ethereum

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.

Mybtc.ng is a platform that provides an easy solution to perform to buy, sell giftcards and also cryptocurrencies. Mybtc.ng is on of the Nigerian’s top Crypto exchange platform, the number 1 Guide to Digital Exchange in Nigeria. My BTC Nigeria help guide people through exchange process . They give you the best exchange rate, this platform provides you with the simplest solution to cryptocurrency and gift card exchange. Visit mybtc.ng now for an impressive exchange rate.

Your Comment:

Related Posts

06

Oct
Mybtcnigeria Ambassadors, News, Updates

How To Create A Culture Of Excellent Service Delivery

For too many of us, service is just something that we do. It’s not. It’s core to our brand identity and way of doing business. It’s essential to our survival yet it rarely receives the recognition it deserves. Service. The most basic of actions. But sometimes, the most simple of actions are the hardest to perform, and this is no exception. In fact, it can be harder to provide a service than one would think. So why is so important to Create A Culture Of Excellent Service Delivery?

enaira

05

Oct
Crypto, Crypto tips, Finance Services, News, Updates

1st eCurrency in Nigeria: Everything You Need To Know About The eNaira

The e-Naira will be a digital version of the paper Naira currency