How to Buy Ethereum Online
Following the incredible success of Bitcoin, many companies have jumped on the bandwagon of blockchain cryptocurrencies, offering a broad range of applications and services with the anonymous software, hoping to see the same growth as Bitcoin has managed. Irrespective of new developments and opportunities, Bitcoin has managed to remain among the top of what cryptocurrencies have to offer.
While many are aware of how valuable these currencies have become, few have truly considered the amazing features that blockchain technology has to offer, not to mention the latest releases that introduce even more options and functions that provide a new economy concept.
One such currency is Ethereum or Ether for short. It provides the world of cryptocurrencies with a broad range of new features including the opportunity for programmers to create an application while having the benefit of blockchain technology while also being completely decentralized, giving it the same individual and privacy power as seen with other cryptocurrencies along with added programming options.
While offering the same features at Bitcoin, Ethereum has managed to include a much bigger range of applications that provide a better range of features, including smart contracts and complex transactions.
Ethereum was only launched in 2015, making it a lot younger than the 2009 released Bitcoin. Therefore, investors have the opportunities to gain access to these coins before values reach huge amounts. Many analysts are expecting the Ethereum currency to exceed the value of Bitcoin, due to the added functions and features provided. Therefore, getting in on the currency with a professional and trustworthy trader now is very important, especially for those who understand how these currencies can suddenly boost huge values over a short period of time.
One of the primary concerns with online wallets or traders is whether or not they can be trusted and provide users with professional service, accurate information, and a trustworthy range of opportunities while also providing the latest features such as mobile trading. Many have also found that some trading sites don’t allow you to transfer your coins or purchase other cryptocurrencies with the coins you already have.
Below, we look at 2 of the most established and professional traders in the world and allow members from around the world to take full advantage of their fair purchase options and modern features such as mobile.
One of the most popular and most trusted cryptocurrency trading options is CEX.io. The company was launched in 2013, making them one of the oldest exchange options in the world. At one stage, CEX had the biggest mining power in the industry, with an incredible 42%. However, in 2015, the company closed down but quickly re-entered the market to once again provide Bitcoin trading options along with other currencies such as Ethereum. They have been registered by FINCEN who applies both anti-money laundering (AML) and know your customer (KYC), which provides a higher level of security as users are required to submit ID verification before trading is available.
One of the greatest benefits with CEX is their fill to kill transaction option that slows you to purchase Ethereum or Bitcoin immediately. This feature already sets them apart as many other cryptocurrency trading options require buyers to wait until others are willing to sell their currency. Therefore, trading with CEX is better and provides members instant purchases at the price you see on the market right now. The only disadvantage of this feature is that members are charged a small fee for the ability to buy instantly, allowing the company to meet supply demands constantly.
CEX.io has created a very easy to use interface where members can choose the currency and the exact amount they would like to spend or buy. Visiting the buy and sell option at the top, you’ll find a range of easy to use features become available. Firstly, members need to choose between Ethereum and Bitcoin, which changed the information below. The site provides the amount of Ethereum you’ll receive when spending $100 or more, but most prefer to use the feature below that as it allows you to ensure a specific amount of Ethereum you desire and then tells you the cost involved.
While buying and selling Ethereum and Bitcoin is the primary focus of the site, they have also added other opportunities, including their market data where users can trade cryptocurrencies against popular international markets such as USD, GBP, EUR, and more. As an added benefit, members can also use their margin trading feature, allowing you to purchase more than you can currently afford.
Members of CEX also have the ability to enjoy the latest features, including mobile trading and information, which is available on their website. Therefore, you can trade on the move and always have instant access to your cash and account features.
Coinbase provides members with the biggest Bitcoin broker in the world as they have more than 8 million registered users, provide their services to 32 countries, and currently hold over $20 billion in cryptocurrencies exchanged. Therefore, Coinbase has become known as one of the biggest and most experienced when it comes to offering cryptocurrency opportunities, such as buying and trading.
The company was established in 2012 and offer a bigger range of currencies, including Bitcoin, Litecoin, and of course Ethereum. Members of Coinbase have the opportunity to buy and sell these currencies, use their GDAX system to trade, make use of their developer platform, and take advantage of their merchant tool for businesses.
Their platform is easy to use and provides a range of features for users to trade with cryptocurrencies. Some of the most impressive advantages they have to offer include a mobile wallet app for iOS and Android devices, secure storage for cryptocurrencies that includes an insurance protection feature, instant exchange, and recurring buys.
Another great benefit offered is their full control interface where multiple users can invest in these coins and have control over what happens with the funds in the account. For example, if five members decide to invest together, the vault option can be used that requires all five of these members to sign off on any transactions. As an added security measure, a 48-hour delay is applied to transactions, offering all members better security.