How to Buy Ethereum
How to Buy Ethereum? This is the Step
In the past 2017, Ethereum (ETH) has grown very quickly.
In fact, Ethereum is the third largest cryptocurrency in market capitalization. At one point, this coin was ready to be on the top list, displacing Bitcoin to become the most prominent crypto in the world in a phenomenon known as “Flippening”, until Ripple arrived. Want to try to invest / trading / have it? Here are the steps to buy Ethereum.
Ethereum coins, Ether, have grown in value tens of times since the beginning of the year, and some analysts believe that the crypto digital market still has the potential to have new heights to achieve in the coming weeks and months.
For all these reasons, more and more investors are interested in adding Ethereum to their investment portfolio.
Here’s how to buy Ethereum and how to put this coin into your investment.
1. Create an Account on the Online Exchange
Like other cryptocurrencies, Ethereum must be bought and sold via the online exchange. There are a number of services available and are considered to be of high repute. Some of the most popular include Bitcoin.co.id, Coinbase, Bitstamp, Kraken, and Gemini.
Before you start trading Ethereum, you must choose an account to make an exchange. For those of you who are in Indonesia, it is highly recommended to have an account at Bitcoin.co.id. There, you can buy and sell Ethereum easily. In addition, in the account, there is also an Ethereum wallet where to store and sell your Ethereum.
2. Verify Account
Before you can purchase/exchange Ether coins, you are required to verify your account first. There are one or more ways that can be done, in accordance with the respective policies of the digital marketplace.
You may need to upload a number of documents to verify your identity and ensure your account meets the rules. Verification typically takes one or two days, depending on how popular and busy the selected online exchange is.
3. Perform Fiat Currency Deposit
Next, you need to deposit fiat money (dollars or dollars) into your account. Usually, through bank transfer or wire transfer. It may take a few more days to make sure that the money is perfectly legal.
4. Start Trading
With a verified account and money deposited into that account, you can start buying Ethereum and other cryptocurrencies through the exchange. Every marketplace has a slightly different interface. However, be prepared to confirm the transaction and then allow the processing time, which can also depend on the total number of requested transactions.
5. Pulling ETH Into The Wallet
Once you know how to buy Ethereum through an exchange, you can trade and then can withdraw the money to your wallet.
To store your token in a private place accessible via a key, download and install a wallet that has Ethereum capability. Run and organize your wallet, create a new account.
You can then enter the ETH wallet account address into exchange to transfer Ethereum to your wallet. Be sure not to use your wallet address, password, and private key, or you may have trouble accessing your ETH account later. Transfer back to the exchange to sell or resume trading at a later time.