How do you buy Ethereum? Do you need to go through an exchange to do it? Or can you simply send Ether (Ethereum’s currency) directly to someone else? And what are the differences between buying and selling it, anyway? If you’re not familiar with these questions, don’t worry, because this Ethereum exchange guide will answer all of them for you.
What is an Ether
Ether is one of many cryptocurrencies available today. It is known as cryptocurrency 2.0 because of its smart contracts capabilities. Ether (ETH) can be traded for other cryptocurrencies or U.S. dollars and euros through a digital platform that allows people to trade a variety of assets such as fiat money, stocks, bonds, and precious metals like gold on a blockchain-based marketplace. Learn more about Ethereum Exchange here!
What are Ethereum Exchanges
An Ethereum exchange is simply a website that facilitates exchanges of Ethers for fiat money (dollars, euros, etc.) or other cryptocurrencies. You can trade cryptocurrency coins like Bitcoin or Ethereum using these websites. There are many Ethereum exchanges out there, but we recommend Coinbase as one of our top picks. The company has an excellent reputation and offers some of the best customer support in the industry. Coinbase will also allow you to buy Ethereum with credit card instantly if you wish – although fees may apply. They have over 10 million users so far and have already raised $100 million in funding from big names such as Andreessen Horowitz and Union Square Ventures.
How Much Do Ether Exchanges Charge
Ethereum exchanges typically charge fees on each transaction. This means that if you purchase Ether on an exchange, you will be charged a fee for each of those transactions. Some exchanges also charge a fixed percentage as a transaction fee at all times, but most only charge these fees during volatile periods or when large sums are being traded, in order to ensure liquidity. You should always check what kind of fees an Ethereum Exchange is charging its users before deciding whether or not it’s best for your needs.
The Best Ether Exchanges (and Alternatives)
If you’re still new to Ethereums and looking for your first Ethereums exchange, there are a few things you should keep in mind. Getting started with an Ethereum exchange is just like any other kind of trading platform—you need to open an account, verify that it’s legitimate, and make sure it has enough liquidity. Here are some tips for doing just that. How to Find Your First Ethereum Exchange: It may seem easy at first glance, but choosing which Ethereum exchange to use can be quite overwhelming. For starters, if you don’t already own Bitcoin (BTC) or Ether (ETH), you’ll have to purchase them on another cryptocurrency exchange before transferring them over. Then, once you have BTC/ETH on your chosen platform, you’ll likely have to go through a rather rigorous identification process before being allowed to trade.
Tips For Getting Started With An Exchange
There are numerous factors that go into determining which Ethereum exchange is right for you. If safety, security, and trust are important to you, use an established exchange. Otherwise, read on to learn how to buy Ethereum via an online exchange.