How to Buy Ethereum ( Step by Step )
How to Buy Ethereum. To Buy Ethereum , you must first register with one of the Bitcoin stock exchanges known to be safe, and you must either buy Bitcoin or start Bitcoin mining.With Ethereum mining, you can buy Ethereum in a more practical way without having to go into mining processes as you can. Once you get a bitcoin, transfer your virtual wallet, and open an account on the stock market, you need to register for Ethereum stock exchanges.
If you transfer Bitcoins to the global digital money exchanges that you are registering with, you can get Ethereum with these bitcoins. The Ethereum sales process works the same way. First you need to translate Ethereum into Bitcoin, then convert it into your desired national currency and send it to your bank account.
How to Buy Ethereum Step 1: Create Ethereum Wallet
Ethereum is one of the most popular coins. It looks like he will make more premiums in the future. First of all you need to create your wallet to get Ethereum. Even if you buy from the stock market, we will tell you how to open your wallet and buy it so that it will not be a right move to hold it on the stock exchange.
Creating a Wallet to buy Ethereum ( Method 1)
You can get Ethereum wallet as a member of Coinbase.com. Here are our articles on Coinbase. We discussed how membership opened in our article. You can create your wallet by entering the Sign Up section in the upper right corner.
In the Accounts section you can get your Ethereum address by selecting ETH (Ethereum) and pressing the “Receive” button.
Creating a Wallet to buy Ethereum ( Method 2 )
* Create a new wallet on Myetherwallet.com.
* Select a password and press “Create New Wallet” (do not forget your password!)
* Download Keystore File (UTS / JSON). If it does not download it, we copy it and save it in a safe place and “I understand. Continue. ”
* Keep the given private key in a very safe place. We recommend that you write it on a piece of paper, not on the Internet or on a computer. Because someone who can access the Private Key, your pawn is also gaining access. Write this on normal paper, or take and keep the print.
Accessing Your Wallet
* From the top menu, enter “Send Ether & Tokens” section, press the entry key with the private key from the left, and paste the private key into the box.
* The right part is the address of your Ethereum wallet starting with 0. Now you have created your wallet and you can login with your private key at myetherwallet.com at any time.
How to Buy Ethereum Step 2 : Buy Ethereum
Buy Ethereum with credit card, bank transfer and cash.
The easiest way to buy Ethereum (ie Eter) is one of the popular Bitcoin stock exchanges that also provides Ethereum. In the following materials, we will explain in detail how to buy Ethereum in turn.
1- Buy Ethereum via Binance
Binance is the cheapest and cheapest way to buy Ethereum. All you have to do is go to Binance and open an account.
2- Buy Ethereum over Cex.io
CEX.io is a Bitcoin exchange that sells ETH by credit card. The rates in CEX.io are already calculated according to the exchange rate, so it appears higher than other stock exchanges.
For example, the exchange rate for 1 ETH in Coinbase is $ 19.62 while in CEX.io it is $ 21.08. However, CEX.io works globally (unlike Coinbase).
Important note: Be careful before giving your credit card information! Our site does not accept any responsibility in this matter.
1- Open CEX.io account.
2- Add your payment method (credit card or bank account).
3- Go to “Buy / Sell” and select Ethereum.
4 – Choose the amount of Ethereum you want to purchase.
5- Click “Buy Ethereum”.
3- Buy Ethereum via Coinbase
The other most affordable and cheapest way to buy Ethereum is Coinbase:
1- Open Coinbase account.
2- Add your payment method (credit card or bank account).
3- Go to “Buy / Sell” and choose the amount of Ethereum you want.
4- Click “Buy Ethereum”.
Coinbase will sell ETH at a rate of 1.49% – 3.99% depending on the payment method. (credit cards are charged at a higher rate than wire transfer transfers).
4- Buy Ethereum over Coinhouse
If you live in the EU (Euro Area), another good option might be to buy Ethereum from Coinhouse. The company is a Bitcoin and Ethereum commissioner, who started to serve in France and gradually spread to the rest of Europe. You can make a payment via a credit card or debit card.
5- Buying Ethereum with cash
At the moment there are no sites in Ethereum that you can face face to face, such as LocalBitcoins, where you can buy Ethereum for cash, just like in Bitcoin. However, you can buy Bitcoin in cash money and exchange it with Ethereum via Shapeshift or Poloniex.
If you do not want to buy, you can trade too
You can also invest in Ethereum CFDs (difference contract) if you are only entering Ethereum to profit on exchange rate. Instead of buying Ethereum in this way, you can trade by exchange rate. CFDs are generally well suited to experienced traders and at the same time your money is at risk. Currently Plus500 is the only company that offers Ethereum CFDs.
You can also earn Ethereum by mining
Ethereum mining uses business proof as it is in Bitcoin. It is similar to Bitcoin mining in that it is a reduced block award for every block removed.
You can try Ethereum using your own computer (CPU mining), but you probably will not get much. However, if you have a dedicated GPU set up for the task, then you can win a real prize.
In general, Ether and Ethereum are destructive technologies that change the way Internet works. Regardless of whether you are successful or not, you can easily get your share from “the future of the Internet” by following the steps outlined above.
Above we have summarized how to buy Ethereum, how to pay by credit card. You can leave a comment if you want to add it.
Alternative Method to Buy Ethereum
In this method, we will explain buying using the stock market. This method is a little longer but will allow you to understand the basics of the work. Join Binance.com and make purchases (ETH / USD) from the parity.
Once we have followed the steps in our article, we go to the Deposit / Withdrawals section and find Ethereum u and press the “Withdrawal” key to fill the fields as above. Your wallet address will be one of the addresses you originally created in Method 1 or Method 2.
Press the Submit button to complete your shooting process. When you receive Coinbase Ethereum, you will receive an email. In Myetherwallet, you can log in with your private key and look at Account Balance in the right section.
What is Ethereum?
Ethereum is a block chain platform with cryptographic functionality and intelligent contract functionality. It is basically a decentralized platform on which developers can build applications and was developed by Russian-born Vitalik Buterin in 2013.
Ethereum can be used for coding, localizing, securing and trading on voting, financial exchanges, crowdfunding (massive funding), corporate governance, intellectual property contracts and agreements.
Ethereum basically works on the same technological basis as bitcoin. This crypto money has been developed with decentralized blockchain technology, such as bitcoin, which enables encrypted and secure transactions.
Ethereum has been developed to be able to generate new coins using the hardware of the computers of the users participating in the network, such as in the bitco. Unlike BitCoin, the Ethereum uses a GPU, which is a much faster processor, rather than a CPU.
Thanks to the Ethereum mining algorithm, which does not require huge hardware costs, the number of masses to join the network by mining even at home has reached a very large figure.
The number of participants in the mining network (as well as the number of hosts in the transferee process) allows the network to be much more stable and powerful, allowing for faster processing.
Ethereum, when compared to bitcoin, appears to be more advanced than bitcoin in terms of the possibilities behind it; “Ethereum, is Bitcoin going to overthrow the throne?”
In response to this question, the founder of Ethereum Vitalik Buterin said:
“If we compare digital money with valuable resources in the world, we can consider Bitcoin as the most popular mine gold and Litecoin as the silver that comes after it. In this case Ethereum is completely different from the others. Because the technology behind Ethereum will be the energy source of your future future. For this reason, we call Ether as ‘crypto fuel’. The energy needed by the Ethereum platform will be provided by Ether (ETH). ”
Founder of Ethereum Vitalik Buterin is one of the founders of bitcoin and crypto money portal Bitcoin Magazine followed by a large audience at the same time.
Buterin is also a very good software developer and shows how cryptic money is shaping our future, and how idealistic he is with his work.
Since 2011, when he met with Bitcoin, he cut his university education to the end because he reflected his whole life, his ideas, his imagination, this new technology which looked at the discovery of the century. It has taken its place in the bitcoin world by participating in Bitcoin communities, organized bitcoin events and crypto money gatherings.
The Ethereum project was designed by only 4 people, including Vitalik Buterin. Within a short period of 2 months, a team of 32 people have been formed and their work has been carried out with extreme care.
It was supported by a community of about four thousand people before it moved to the stock market, so it grew steadily and slowly, ensuring that long-term investors would profit with Ethereum in large quantities.
The ethereum wallet, the ethereum wallet, is still very new, but with a slightly more limited application than Bitcoine.
What are the advantages of Ethereum?
The most important advantages of the decentralized Ethereum platform can be summarized as follows:
Irrevocability; Third parties can not change any data contained in the Ethereum platform.
Resistant to corruption; The practices in Ethereum are based on a network that is created in the direction of the idea unity and makes the privacy impossible.
Safe; The practices are protected against fraudulent activities and cyber attacks.
No Difficulty; The practices are not corrupted and can not be closed.
What are the benefits of the Ethereum Non-Centralized Platform?
Since decentralized applications operate in a block chain, they use all the features of the chain.
A third party can not make any changes to the data.
2- Corruption and tamper resistance:
The practices are built around a consensus-based principle and are based on a network that makes censorship impossible.
Secured applications using a cryptographic key without a central point of failure are well protected against hacking attacks and fraudulent activities.
4- Zero fault:
Practices never fail and never close.
What is the disadvantage of decentralized applications?
While bringing some benefits, decentralized practices are not perfect. Because smart contract code is written by people, smart contracts are just as good as people who write them. Code mistakes or surveillance can lead to undesired negative actions.
If a fault in the code is exploited, there is no effective way to stop an attack or exploit other than to obtain a network consensus and rewrite the underlying code. This is contrary to the essence of the block chain, which is designed to be immutable.
Also, if any action is taken by a central party, serious questions arise about the decentralized nature of the practice.
What is Ether?
Ether or Ether is the currency of the Etherium platform. Ether is what anyone who needs to install or use the Ethereum platform will need. Just like BItcoin, Ether can be exchanged over the web and mined. I’ll show you exactly where you can buy an Etherum.
Most people use the term Ethereum to refer to currency rather than Ether, which can be confusing.
The total amount of ethers and the export rate are determined by donations collected before 2014.
The results were roughly as follows:
* 60 million ethers were created for pre-sales participants.
* 12 million (up to 20% of the above) are created for development funding, most of which have passed to the early contributors and developers and the rest have passed to the Ethereum Foundation.
* Block miner is given 5 ethers per block (about 15-17 seconds).
* Sometimes, if another solution can find a solution, 2-3 ether is sent, but it does not include its own block (also called uncle / aunt prize).
The founders of Ethereum say that Ether is not a currency even though it is called “crypto-fuel,” that is, a token to pay on the Ethereum platform. This probably means that you can not buy anything online with Ether. However, you can still trade and invest in hopes that the price will increase.
Ether is not very suitable for non-technical people because it is now “mature” less than Bitcoin. For example, you can download Ether’s official wallet application from github, but it does not yet have a “user friendly” version. You can also use MyEtherWallet and EthereumWallet with a simple interface.
Ethereum (ETH) vs. Ethereum Classic (ETC)
The Ethereum Classic is a crypto paradise created by the incompatibility with the way the original Ethereum works. The division came about because a hacker found a way to steal $ 60 million of Ethereum money. ETH supporters said the code had to be changed and stolen money had to be returned.
Those who support the ETC say the code is “law” and can not be changed. So while the ETC was protected as the original code, the ETH original code came to fruition.
For this reason, two identical competitive currencies with 2 different exchange rates were created. Today, the price of ETH is much higher and more common around the public encryption community.