Ethereum is growing fast across the globe.
And the value of Ethereum is increasing rapidly.
For many people, Ethereum is the new source of increasing their revenue.
There also might be other reasons such as.
Investments, saving money apart from keeping in banks etc.
But a question arises, and that is
What is Ethereum?
Well, Technically speaking, Ethereum is one of the top blockchain based platforms for smart contracts.
The above sentence might have puzzled you a little, let me make it simpler and explain you a few important things before directly jumping into the topic of how to invest in Ethereum.
What is Ethereum
Ethereum is a decentralized open-source blockchain based computing platform.
In easy terms, Ethereum is a decentralized software which allows programmers and developers to deploy or run any application being written in any code.
Most of the people think Ethereum is a digital currency just like bitcoin.
Well, it is of some sort but, not entirely.
Let me explain you the digital currency part of Ethereum later in this post.
Coming back to the question what is Ethereum.
Ethereum is based on blockchain and is used to create smart contracts.
It is used if you want to execute an application in the cloud, create an application and also adds a few features of security to it.
Now let’s speak about the digital currency part of Ethereum.
What is Ether
Ether is a token from Ethereum which is the digital currency part of Ethereum.
Any revenue transaction that is needed to be done is completed using Ether.
How to invest in Ethereum / Ether
Now that you all know, Ether is the digital currency of Ethereum.
And if you want to know how to invest in Ethereum or purchase Ethereum.
Then you have to follow a few steps to get your hands on it.
You cannot go directly to Ethereum’s official website and buy Ethereum from them.
Neither can you purchase Ethereum from an online broker.
The only way, wherein you can purchase Ethereum is by converting your revenue into Ethereum in a digital Wallet.
Based on the recent value of Ethereum, you can convert the revenue into Ethereum.
How to buy Ethereum on a digital wallet
There are a few digital wallets, wherein you can signup and purchase Ethereum.
Coinbase is one of the best digital wallets to purchase Ethereum or any other Cryptocurrency.
The process is very simple, all you’ve got to do is, Sign up on Coinbase and complete the registration form.
Once the registration is completed, you will then be able to convert your money to digital currency.
Always remember, Ether is the digital currency part of Ethereum.
And you can only purchase Ethereum by exchanging your revenue to the latest value of Ethereum.
Links, i think will be helpful for you.
Ethereum is not a digital currency like Bitcoin.
It is a decentralized blockchain based computing platform.
Many software companies and startups are using Ethereum to execute and run their application.
Yet, you can purchase Ethereum by Exchanging your revenue for Ether on digital wallets.
I hope you’ve got all the required answers to your question How to invest in Ethereum.
I’ve made sure to explain important parts of Ethereum for you to understand better.
If you have any problems related to any topic on Ethereum, do let me know.