Ethereum (ETH) crypto is one of the well-known crypto concepts across the cryptocurrency world. Imagine a decentralized world. A world in which people do their transactions, submit their contracts, and make use of a variety of monetary and financial, and nonfinancial services via decentralized programs, without any need to trust corrupted intermediaries.
Such systems, whose control is all in people’s hands, never stop working and providing services, and, at the same time, no one can interrupt their work or make them stop. What is the reason we are telling this? The universe that we wanted you to imagine is exactly the utopia of Ethereum. Cryptocurrency has been made to make such a digitalized dream come true.
Today, we are going to tell you about all Ethereum’s necessary and basic data, the most important and recent news, the howness of the coin’s work, its air drops, staking, last price, price predictions, and all other significant things about this popular and successful coin of cryptocurrency. Hence, if you want to know Ethereum fully, keep reading the article below!
What Is Ethereum (ETH) Crypto?
Simply put, Ethereum is a free substructure based on blockchain technology, on top of which you are able to implement computer programs. Ethereum being decentralized means that the system doesn’t belong to any single soul, and it is not controlled by one or more specific people. Anybody can be the owner of this network and take part or play a role in controlling it. Thanks to Ethereum’s distributed and decentralized structure, the program will be unable to stop or manipulate after the implementation of a program on its network; it makes no difference even if its creator wants to.
The official website of Ethereum has also described the project in this way: “the cryptocurrency is a decentralized platform to perform Smart Contracts. There are no possibilities of disability, censorship, fraud, or interference of third parties for the programs that will be performed on this network.” Also, it is described as “a free and open platform that enables developers to perform their decentralized applications on it.”
You may also have questions like "is Ethereum like Bitcoin?" As the answer, yes and no can be the answer at the same time. As a matter of fact, Ethereum (ETH) crypto, like Bitcoin, can be categorized as a cryptocurrency, while the network’s applications and usages are different from Bitcoin’s. By the way, don’t worry; you’ll learn every important detail about the network in the following.
In response to the question of what is Ethereum cryptocurrency; In a word, it should be said that this currency is a blockchain-based network. Because everyone knows blockchain these days by the name of Bitcoin; The impression has been created that this token is also a digital currency. But this is not the case; Ethereum is a platform for running decentralized applications and smart contracts without the involvement of intermediaries.
In fact, Bitcoin has been trying to eliminate financial intermediaries; But the blockchain has set its goal in decentralizing everything and removing taste controls in the web world. If you are also planning to buy Ethereum and invest in this cryptocurrency, it is better to stay with us because we will answer this question in this article.
Why was Ethereum created?
After answering the question of what Ethereum cryptocurrency is, it is better to talk about the reason for its creation. In today's world, our personal information, passwords and financial information are stored on other people's computers. That too by servers such as Amazon, Facebook and Google. The information of this article is even stored on the servers of another company.
These companies have developed their own specialized teams to store and secure information and pay the costs related to the time of work and doing it; Therefore, using these companies has many benefits.
But along with this facility, there are also disadvantages; As we know and have learned, a hacker or government can access your files without your knowledge, which is certainly not what you want. They do this by hacking or attacking a third party, which means they can steal, expose, or change your information.
Brian Behlendorf, the creator of the apache web server, has taken a number of steps to call this type of design, in fact, "the cardinal sin of the Internet." Behlendorf and his ilk are of the opinion that the Internet should always be decentralized.
In order to decentralize the Internet, there has been a leap in technology called Blockchain, and Ethereum cryptocurrency is trying to decentralize the Internet in the structure of this network. While Bitcoin tries to change the online banking and payment system, this currency aims to eliminate third parties (intermediaries) using blockchain.
The third party or the Internet third party are the ones who do the work of storing information, transferring money and registering complex financial instruments. Joseph Lubin, one of its developers, said: Ethereum cryptocurrency was created so that we don't need banks and other similar institutions to solve our life's affairs.
Where did Ethereum come from?
The history of Ethereum cryptocurrency is tied to Vitalik Buterin. In 2013, Vitalik Buterin sent the Ethereum white paper to his friends to express their opinions and criticisms regarding his theory; But he did not receive a reply. He made his theory public in 2014 and launched its blockchain in 2015.
Among the founders of this network are famous figures such as Charles Hoskinson, Mihai Alessi, Anthony D'Ivrio, Joseph Lubin and Vitalik Buterin. Buterin tried to improve the Bitcoin blockchain and implement smart contracts without intermediaries and decentralized applications in his blockchain. After some time, he unveiled the native cryptocurrency "Ether".
Vitalik said in one of his interviews that he plans to keep Ethereum as a blockchain-related platform, focus on its technical issues and build a new future for it by improving its security.
Getting to know the features of Ethereum
Due to the absence of a third party to manage and monitor it, network data cannot be changed or deleted under any circumstances. The smallest change in this platform must be approved by all its members.
The distribution of information among all users or nodes and the public nature of the data eliminates the possibility of any censorship and fraud in this system. Due to the absence of a server and a central institution, people's information is stored on their own personal system. This non-aggregation of data greatly reduces the possibility of hacking and data theft. In order to hack its network, it is necessary to have access to the computers of half of the nodes, and the cost of this process is very high for hackers and it is practically impossible.
The use of encryption systems has also increased the level of network security and has eliminated the possibility of forgery and fraud in this context. This currency is unstoppable, always active, and always being online is one of the important features of this network.
Ethereum mining
- Preparing a powerful hardware system (mining rig)
- Creating an Ethereum wallet to receive the mined ethers
- Start by running the mining software and joining the mining pool
Before going to Ethereum mining tutorial, you should know that it is like an investment and every investment has risks. Therefore, mining Ether or any other digital currency is not about plugging in a machine and getting rich. Many factors including ether price, electricity cost, hardware cost, network changes and hardware depreciation play an important role in mining profitability. Also, even though it seems like a simple thing to start mining, this activity has many technical complications that neglecting them can sometimes cause hardware failure and even fire.
Therefore, before starting mining, it is better to research well and get answers to your questions and doubts.
Bitcoin or Ethereum?
These two digital currencies are two projects with different goals. Ethereum cryptocurrency was created with the aim of using blockchain to facilitate everyday life. The most obvious functionality of Ethereum is its function as a smart contract. A smart contract is a two-way contract, without any intermediary or third party. In contrast, Bitcoin uses blockchain technology with the aim of eliminating the banking system and online payment methods. In fact, with the blockchain process, Ethereum tries to eliminate intermediaries throughout our daily lives; But Bitcoin uses this technology to eliminate financial intermediaries such as banks.
Maybe the comparison of Bitcoin and Ethereum cryptocurrencies is not correct in general! In fact, Bitcoin and Ethereum are not competitors, but two digital currencies with different purposes and applications and can even complement each other.
What is the difference between Bitcoin and Ethereum cryptocurrencies?
In this part of the content, we are going to examine the difference between Bitcoin and Ethereum. Note that in the following section, seven examples of the biggest differences between Bitcoin and Ethereum are mentioned, and you can read this content with all the agreements between them. Get to know two digital currencies, so we suggest you stay with us until the end of this content.
Goal of creation
One of the biggest differences between Bitcoin and Ethereum is the goals for creating these two cryptocurrencies. It should be noted that the goals for creating Bitcoin and Ethereum are not the same in any way and are completely different. For example, the Bitcoin digital currency was created to eliminate national currencies and create a global currency to make it possible for people to easily and without the intervention of any government, organization or person, people around the world do their transactions. data and pay the required amount with this digital currency.
But the purpose of creating Ethereum cryptocurrency is to improve the state of smart contracts. In fact, it can be said that Ethereum is not only a digital currency and is still considered one of the future cryptocurrencies.
Ethereum midway target change
Did you know that Ethereum was created to support Bitcoin? In fact, from the beginning of the work, plans were made in such a way that Ethereum would support the Bitcoin digital currency and support Bitcoin, but with the passage of time, this digital currency gained a special popularity among people. This issue caused the biggest difference between Bitcoin and Ethereum.
The purpose of Ethereum cryptocurrency changed early in its entry into the cryptocurrency market, and many people introduced Ethereum to each other as a promising cryptocurrency. A very important point that is very visible right now is the competition between Ethereum and Bitcoin. In fact, Ethereum has not supported Bitcoin in any way and is currently one of the fiercest competitors of Bitcoin and is improving every day.
Similarities between Bitcoin and Ethereum
Along with all the things that we listed as differences between these two assets, Bitcoin and Ethereum also have similarities. For example, both of them can be used as a payment method, both of them use blockchain technology, and both of them can be mined and use the proof-of-work algorithm for this.
So the answer to the question whether Bitcoin or Ethereum is better is very difficult because comparing these two assets is fundamentally difficult. These two projects emerged with different goals, Bitcoin was introduced to the world as a relatively stable and peer-to-peer digital currency, while the purpose of creating Ethereum is to make communication and contracts more intelligent, and its special currency for payment processes.
What is the true value of Ethereum?
Given that intrinsic value is the value perceived by an investor or the actual value of an asset, it is vital to understand why Ethereum has become so popular in the crypto community and has attracted a large amount of capital.
Unlike Bitcoin, which was created as a monetary alternative to national currencies, Ethereum cryptocurrency is known as a platform that facilitates programmed smart contracts and applications using Ether.
How to invest in Ethereum?
Everything that was stated in the discussion of investment methods on Bitcoin in the previous sections is also true for Ethereum. Now, to invest in Ethereum, you can either buy it or mine it. The purchased Ethereum can be considered as a long-term investment and so to speak, do not touch it until after the passage of time and the increase in price, it can be exploited.
Ethereum Last News
Cryptocurrencies Became 95% Cheaper, Ethereum Saves the Market Alone!
The cryptocurrency market doesn’t have been stable in recent days. The current trend and swings existing in the market make users and trades worried. On the other hand, the hasty regulations in some countries widely damage the cryptocurrency market in the eyes of many crypto experts. One of the experts points out the great performance of Ethereum among all other coins and networks.
He says in the time at which Bitcoin grew 25%, Ethereum had an extraordinary performance, as the coin could get back to the upward trend with a new dip. He also reminds traders about the fact that no market can always be ascending or descending. All of them have their own circulation in price. He then pointed out that in the current situation, Ethereum (ETH) crypto merger is an optimistic event, which has impacts on the market in general.
Ethereum pump and its sub-branches are appealing points for the market. Merging this cryptocurrency can raise the value of the market in the season of altcoins, which can be considered a good coincidence. We are all looking forward to Ethereum continuing its upward trend and making better days for the crypto market with its merger. The cryptocurrency can really have a better rank with its recent changes.
Ethereum’s Extraction Period Will Come to an End on September 15th, 2022, After 7 Years of Research and Development
As per the statement that has been published in the Ethereum Foundation Blog, there are no possible ways to extract Ethereum after the mentioned date. You cannot extract ETH by using graphic cards or ASIC miners anymore afterward September 15th. Ethermine extraction pool has also claimed that it will turn off all its servers after Ethereum merges. In that way, you will only be able to withdraw Ethereum from the pool.
3 Investors’ Strategy for Ethereum Update Event
The Ethereum network shifting from PoW to PoS is scheduled to take place from September 15th to 16th. That’s why investors and analyzers of Ethereum (ETH) crypto are discussing diverse results for this upgrade and possible trading strategies. There are three strategies being discussed. The first one is somewhat simple. Traders can easily buy Ether in the market and keep it in their exchange wallet or any other platform or wallet that supports forked tokens and wait for the PoW expected token.
It is also possible for the Ethereum tokens, which are based on PoW, not to be pumped or discharged immediately. But let’s consider that you are a bit in doubt about if the Ethereum merger will be successful or not. In this way, risk cover is a great option for investors who don’t feel good about the merger. No matter if you want to make use of the strategies mentioned or not, be careful to consider a strategy for yourself.
ETH Staking
Ethereum staking is a process in which every person needs a certain amount of ETH to be capable of receiving rewards. In other words, we can consider ETH staking and shareholding in this network.
The Process of Staking ETH
As we mentioned, the process of staking ETH is in a way that you should have a certain amount of Ethereum (ETH) crypto in your specific wallet. In this way, you can block Ethers in your wallet, take part in the blockchain operation, and in the end, receive your reward. Generally speaking, you can see staking as earning from investing in Ethereum. Cryptocurrency always has its special fans.
Also, hefty gas fees are always one of the challenges of this network. Another important point about the staking process is that in this process, the value of staked crypto coins doesn’t decrease. So, it’s worth mentioning that the tokens that you are staking still have the market price. On the other hand, you will have a predictable reward by staking. That’s what helps you to plan everything properly. You can try staking via Binance Exchange, Trust Wallet, Coinbase, and any other potential wallet or platform, for example.
Last Price of Ether
On Saturday, the price of one Ether token decreased by about 200 dollars compared to yesterday and is 1625 dollars now. The price of one unit of Ether was 1825 on Friday morning, which means the token has decreased about 10% since that day. On the last day and night, the maximum price of Ether was 1825, and the minimum was 1615 dollars.
The -18% efficiency of Ethereum (ETH) crypto is seen in comparison to the previous week, as the buyers paid 1990 dollars to buy the token. It is also worth knowing that the crypto token is now nearly 66% away from its all-time high, which was 4851. Moreover, the token share of the whole market is just equal to 18.5%. However, as we mentioned in the last new part, this popular cryptocurrency had a kind of fair performance over other tokens in the market in total.
Price Prediction
The price of this crypto coin was between 1,700 to 2,300 dollars from May of the current year. While we know the current price of the currency, it had many ups and downs that had a great impact on Ether price predictions. Let’s check Ether's future prices from 2023 to 2030. We highly recommend you not to miss this part, as you can base your trading plans on the price predictions of a coin.
Ether Price at the End months of 2022
Ether will reach out to 4,000 dollars at the ending months of the current year, while it may be hard to believe. As the crypto analyzers claim, Ethereum (ETH) crypto may face lots of downward trends, but in the end, it will increase again to its all-time high.
Price of Ethereum in 2023
While traders should act patiently again throughout the year, in the end, they can harvest the huge result of their patience as the coin is going to be priced at 6,000 dollars, which if it goes like the predictions, it is supposed to get doubled. At that year, Ether will resist a lot; however, then it will overcome it and even set a new record at nearly 6,000 dollars, as the predictions claim.
Ether Price in 2024
The predictions are pessimistic for the year, as it is predicted for the coin to get the price of 1,400 dollars in 2 years from now. Actually, Ether will get back to the key support, unfortunately, if it goes the way predictions point to. At the same time, there are also other predictions that assert the Ether price will be 9.800 dollars this year. You can also search for other predictions from other experts out there and then decide which one you prefer to base your trading plans on.
The Price of ETH in 2025
Following the price of 9.800 dollars in 2024, the coin will have a value of 10.500 dollars, based on the same prediction. Ethereum (ETH) crypto is generally a valuable coin as the predictions say. So, you can confidently buy it as you will surely benefit from it, not soon but for sure.
ETH Value in 2026
The value of the coin will be 13.600 dollars, with a great and steady upward trend. Therefore, maybe the best strategy for Ether is the long-term one, based on what predictions say. By the way, don’t forget to do your own research and read other predictions as well before taking any measure into consideration.
Price Prediction of Ether in 2030
Ultimately, in 8 years from now, which is itself a long time to wait for, ETH will be valued at 15 thousand dollars for each unit. Hence, you’d better change any strategies into long-term ones based on what predictions are indicating.
After we have provided you with the most important and to-date information about cryptocurrency, now it’s time to check on more basic data that every seasoned trader and newcomer should know about. Let’s start with the creative and generous founders of this popular network.
Ethereum (ETH) Crypto Founders
In November 2013, a 19 years old Russian-Canadian youngster named Vitalik Buterin, who was into computer science, as well as the author of Bitcoin Magazine, founded Ethereum Network. He wrote the whitepaper on cryptocurrency after three years of investigation and research in the emerging world of cryptocurrencies. The whitepaper was a major reaction against Bitcoin constraints. As a reaction against the first and oldest coin of the crypto world, Buterin offered a platform in which developing any decentralized and anti-censorship application was possible.
While ETH worked performed successfully so far, the young leader and founder tried to quit his position as a manager and leader in recent years. He put his effort more to work focused on Ethereum 2.0, which can be considered the next phase of this blockchain development. The phase aims to improve the scaling of ETH in the first place. Among the founders of Ethereum, Vitalik Buterin is the only one who is still working directly on the platform.
Mihai Alisie
The next person who played a significant role in the foundation of Ethereum (ETH) crypto was Mihai Alisie. Mihai, who graduated in cybernetics economics, met Bitcoin when he was busy coaching and playing poker in Romania. He had been in touch with Buterin since 2011 and they both decided to publish the Bitcoin Magazine together.
As he claims about the first days of the Ethereum foundation, “in the very first days, we were merely a group of people who had a perfect idea and big wishes, with no clue if any of them could have success or not.” He worked as the deputy in the Ethereum foundation until the end of 2015.
Anthony Di Lorio
Just like Buterin, Anthony Di Lorio is also from Toronto, Canada. He was born in a rich family and had a relatively not-so-serious activity in the field of marketing and venture investing. Prior to meeting Bitcoin, Anthony made a one-million-dollar investment in a business regarding generating geometrical drills. He met Buterin in the Bitcoin activists meeting, which he organized in November 2012. Anthony was by then one of the first people who asked Buterin to be present in the Ethereum project as a co-founder.
But as per so many, Di Lorio, unlike the other co-founders of the project, wasn’t very passionate about having a decentralized approach to Ethereum. After decentralization was chosen as the aim of the project, Di Lorio withdrew it to a great extent. After leaving the network, he started working as a chief digital leader in exchange for a short time. Though he left the project, he was one of the first and most significant people to talk about.
Ethereum (ETH) Crypto Aims
When you ask the main developers of the network about the aim behind creating it, they are like, “Ethereum has been created for us in order not to need any bank, firm, or organization but ourselves to live and do the necessary things of our lives.” In 2008, an unknown person named Satoshi Nakamoto introduced Bitcoin. We can confidently introduce Bitcoin as the first decentralized, digital, and distributed monetary system in the whole world.
Bitcoin network distributes data regarding financial transactions on computers all over the globe instead of banking and central servers, all by getting help from a concept called “blockchain.” In this way, it is possible for every individual and organization to transfer the value independent of firms, governments, and intermediaries to every part of the world they wish.
But what about Ethereum (ETH) crypto? What exactly does this network do, and how can we come to the conclusion that the token is even better than Bitcoin, the first and oldest decentralized network in the world? Ethereum is a step ahead of Bitcoin and makes it possible to implement computer codes – smart contracts in a decentralized way, as well. In this way, we are not just able to decentralize the money, but we are also capable of doing the same thing to any other process.
The article introducing the idea or, let’s say, the white paper of the project was published in 2013, and the network officially started working in 2015. The mastermind of the project was a Russian-Canadian youngster named Vitalik Buterin, who was a Bitcoin fan and proposed the idea of “decentralizing everything” inspired by Bitcoin.
Decentralizing Everything
To understand Ethereum better, take the example of Telegram or Instagram for example. Nowadays, millions of people make use of these useful applications to communicate and send messages all around the world. However, there is a very fundamental thing about these platforms to which few people pay attention: they are all centralized.
For instance, Instagram belongs to the Facebook Company. Hence, the company is capable of eliminating content, limiting some people’s access, or even selling users’ private data based on its terms and policies. On paper, you can create an Instagram on top of the decentralized platform of Ethereum (ETH) crypto, in which people are in charge instead of a company like Facebook. In this way, users are the only owners of their data and have complete control over it.
Or, as another example, you are easily able to hold a free, open, and clear election by getting the help of this network. In this way, there are no chances of fraud in the election, and you can get the clearest and truest results. Any centralized services can be decentralized via Ethereum. Significant works, including payment, insurance, voting, banking, loans, and many other services, which now intermediaries are doing, will be decentralized by this network.
Everyone is able to develop its decentralized application or Dapp in the open network of Ethereum. Prior to this network, developers were forced to program a separated blockchain from scratch to create their cryptocurrency, while now they can do so with less effort. Now they are easily able to create independent cryptocurrencies or tokens for their projects without any need to build a whole new blockchain just via Ethereum (ETH) crypto.
Ether; Ethereum’s Cryptocurrency
The cryptocurrency and main token of this network are called Ether, and its specific and abbreviated unit is written as ETH. The asset is considered the monetary unit of the network, as well as a way to pay gas fees and expenses. That being said, as a result, the more Ethereum Network is adopted and accepted, the value of Ether will increase.
Nowadays, so many are investing in this cryptocurrency with hope and have an optimistic view of its future. You can easily buy Ether from cryptocurrency exchange websites and save it on wallet software on mobile phones or personal computers. Let’s elaborate more on other important information about this crypto coin and network.
Ethereum Roadmap
In this part, we are going to talk about the updates of the Ethereum roadmap, as you can easily reach the basic one and, at the same time, it has no other applications anymore. So, we’d better talk about the updates that have been applied to this map. The main features of the next stage of the project are as the following:
- Shifting Ethereum (ETH) crypto from PoW to PoS
- Introducing Light Clients of Ether 2 to Ether 1
- Sharding data
And all the other things that have been categorized before in phases 1 and 1.5. The significant shift that has been applied in the current road map of Ethereum indicates that these three steps are independent of each other and can be worked on simultaneously and equally. In addition to all of these, a great improvement can be achieved in regard to scaling by implementing two last stages, as the stages provide the possibility of hosting and having a rollup of data.
It is the gathering of a layer-2 technology that makes the rollup to be able to provide the possibility of loading computation outside of the chain. In this way, rollup guarantees the accuracy of computations via the saved intranet proofs. That’s why sharding of data provides gathering rooms with the capability of maneuvering a considerable amount. It also gives them the chance to process up to 10 thousand transactions per second as soon as the introduction of Light Clients and data sharding.
Ethereum Wallets
To save Ether and other Ethereum-based tokens, you need software or hardware under the title of “wallet.” You can consider a wallet a banking account that is applicable for saving, receiving, and sending money. Software Ethereum wallets are all free. If you want to save Ethereum (ETH) crypto, you can easily install this kind of wallet on your mobile phones, regardless of their OS and no matter if it is android or iOS, and also on your personal computers (Windows, Linux, or mac). Some wallets are web-based, and you can access them through Internet browsers like Chrome.
In contrast to software wallets, hardware ones are safer. They have a physical form, and you should buy them from credential stores. There are tens of wallets for Ethereum under a variety of titles. That being said, if you are an Ethereum investor or an investor of the tokens based on the network, it isn’t hard for you to find a proper wallet.
To choose a wallet, generally speaking, the most significant criterion is the credit and validity of a wallet. If a wallet has a low installation rate and amount, there is not much satisfied with its function, and it is not well-known among the activists of the field, so it should be crossed out of your choices. Some of the best Ethereum (ETH) crypto wallets are listed in the following. These platforms have the greatest number of users and the best scores of all:
- Trust Wallet; software, mobile
- MyEtherWallet; software, web-based
- Metamask wallet; software, browser extension
- Atomic wallet; software, mobile phone, and desktop
- Ledger wallet; hardware
- Trezor wallet; hardware
How Do Ethereum Wallets Work?
Every Ethereum wallet has one or more unique and exclusive addresses. The wallet address is just like a bank account number, which you can use to receive money. An example of an Ethereum address is as below:
“0x76917CD8F0c6C51F5461fe96ECE2bE9468540170”
You can use an Ethereum address both for Ether and all the tokens based on Ethereum – ERC-20 tokens. For instance, Chain link currency is an Ethereum-based token. Hence, you can use an Ethereum address to save this token.
Don’t forget that in the blockchain and cryptocurrency world, everyone is in charge of their capital. Therefore, it is necessary to get a backup of your wallet in order to restore your assets in case of deleting the wallet, forgetting the password, or damaging the device on which you have installed the wallet. Access to millions of dollars of capital has been lost so far only due to negligence regarding getting the backup of the wallet.
Wallets often show a set of 12 or 24 English words to the user as the backup, and you have to take notes of them in a very safe place. By using the words, a user can access their Ethereum (ETH) crypto assets easily in any other wallet. In some other wallets, a user is provided directly with a private key, which is a chain of words and numbers. Having the private key is equal to having ownership of the asset. So, please take this seriously in order not to lose your capital.
The Best Exchanges for Buying Ether
There are lots of exchanges in the world to buy Ether, as cryptocurrency is the second biggest token after Bitcoin in the crypto world. However, some of the bests that you can trust and buy the token from are the following:
- Gemini
- Kraken
- GDAX
- Coinbase
- Etc.
All of these exchanges do the same thing, but they are different in terms of their way of implementation. For example, a group of them let their users transact fiat currencies like euro, dollar, and pound with crypto tokens, like Forex. Another group is more like online crypto retailers. These ones directly observe users sell and buy and do the operation themselves on behalf of the users. It is easier to work with this group for newcomers to the field.
There are also other exchanges that operate like traditional exchanges. These platforms only allow users to transact and trade cryptocurrencies like Ethereum (ETH) crypto, and there is no chance to trade crypto tokens with fiat currencies in such places. Bittrex and Polonix, for example, of some exchanges of this kind. As we mentioned earlier, there are lots of such startups and platforms. However, the Coinbase exchange can be one of the best places for newcomers to the field to do their trades and transactions.
Final Thoughts: Is It Good to Buy Ethereum?
Ethereum (ETH) crypto is one of the best blockchains, networks, and crypto tokens all over the crypto world. The token is considered the second biggest and most successful token after Bitcoin. So many also know it as a better token than Bitcoin. As we mentioned in detail in the article above, Ethereum was created to solve Bitcoin problems.
If Bitcoin was invented to decentralize money, Ethereum was born to make every single thing that you might think of decentralized. The network could so far attract so many individuals and businesses by offering a variety of applications. It is also very safe, and its main currency is called Ether, which is supported in almost every crypto exchange and wallet. If you have never had the chance to meet this profitable crypto token, now it’s time to know it!
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