Ethereum has grown to a huge success in just a matter of few years.
It has become one of the top blockchain based networks around the globe.
And just for this reason, people are trying to invest in Ethereum in some or the other way.
With so much of success in so less time, and the value of Ethereum rising so rapidly, Everyone wants to get their hands on it.
Before I explain to you how to buy Ethereum stock, I think you might want to know a bit more about Ethereum.
Well, the reason is, the more you know the better.
Because many people have assumed that Ethereum is a digital currency.
Which, in fact, it’s not, but under certain conditions yes.
Let me explain you a bit more, and then I shall proceed on how to buy Ethereum stock.
What is Ethereum
Ethereum is a decentralized platform based on blockchain for smart contracts.
Using Ethereum you can write smart contracts to get your things done.
Meaning if you want to create a software, run an application, execute an application or if you wish to put it in the cloud.
You can do it using Ethereum.
The best part of Ethereum is, everything in it is all safe.
There is no risk of any fraud or any sort of security problem.
What is Ether
All blockchains have tokens.
And various tokens are the digital currency of their respective blockchains.
Meaning, Ethereum’s token is Ether or ETH.
Bitcoin’s token is BTC.
So, Ether is the digital currency of Ethereum.
How to buy Ethereum stock
There are a few requirements if you wish to purchase Ethereum.
Purchasing Ether from an online broker or from the official website of Ethereum is not possible.
In order to exchange, purchase or store digital currency, you’ll require a digital wallet.
Only by having a digital wallet, you are allowed to exchange, purchase or store digital currency.
How to buy Ethereum stock with digital wallet
There are a few digital wallets from which you can choose from.
I will just mention the best 2 digital wallets.
You can use any of them.
Coinbase and Kraken both are popular digital wallets, with which you can easily exchange your revenue to Ether.
The process is very simple and it just takes a few minutes for you to get your hands on Ethereum.
- You’ll just have to sign up to any of the above websites and register yourself with them.
- Once you do it, you will have to verify the account you have created.
- You probably have to upload a few documents to identify your identity.
- Once the identification process is completed. You can then start to exchange your revenue with Ether via bank or wire transfer.
- After you receive your Ether (digital currency) you can proceed to transfer your Ether to your wallet.
Coinbase and Kraken review
You might be confused on which digital wallet or website to choose in order to start with purchasing Ether.
That’s usual, many of them have such doubts, and so I’ve included this review, to give you a better understanding.
Speaking of the two websites, I’ve made a few research on both of them.
And all I can say is, both of the websites are good and you can choose any one among them.
Both of the websites have simple and easy to you user interface and dashboard.
Which is crucial for a user to understand the working of the wallet.
Both of the websites have the same procedures for sign up and registrations etc.
So, I recommend you to go with any of the above websites without any hesitation.
I hope the question you had of “how to buy Ethereum stock” is no more in your mind.
And remember Ether is the token of Ethereum.
And if you wish to purchase Ether or ETH or Ethereum.
You’ll have to exchange your revenue with Ether from a digital wallet.
If you feel that, I should explain more about how to buy Ethereum stock, or if you feel that i have missed out any points.
Then do let me know.