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What are you buying when you buy ethereum

Октябрь 2, 2012

Groll

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what are you buying when you buy ethereum

You should consider buying ETH if you want to: · Create or operate decentralized applications · Diversify your long-term investment strategy · Play Ethereum-based. Since Ethereum has grown in popularity, it seems that you can purchase the cryptocurrency just about anywhere. Do your research and find an exchange that. You can buy Ethereum (ETH) from exchanges or from wallets directly based on where you live. NOTRE DAME OKLAHOMA BETTING ODDS

This can usually be done with a bank transfer, a credit card or a payment service like PayPal , depending on what your exchange can support technically. Now you are almost ready to trade. One last piece of important preparation is to decide how you are going to store your ether once you have bought it.

You can store your ETH in an online wallet , often provided by an exchange, or else in your own personal desktop or mobile wallet. It may be quicker and easier to trade ETH for other cryptocurrencies or fiat currencies if you keep it in an exchange-provided wallet, but some prefer to keep complete control over their assets. Hacks and frauds are the most dramatic examples of the risks involved. But there can be more mundane inconveniences too: The exchange Binance had to stop crypto withdrawals for around 25 minutes in November because of a technical problem.

A good rule of thumb is that if you plan to trade frequently, you should keep your ETH in an exchange-provided wallet. Other ways to buy ether One alternative to buying through an exchange is to buy directly from other individuals. This can be organized by an over-the-counter OTC trading service. The big exchanges generally have OTC desks of their own. If you want to add a product or provide feedback on the policy raise an issue in GitHub.

Raise issue New to ETH? Here's an overview to get you started. What's ETH? What country do you live in? Exchanges and wallets have restrictions on where they can sell crypto. Type where you live Decentralized exchanges are open marketplaces for ETH and other tokens. They connect buyers and sellers directly.

What are you buying when you buy ethereum bitcoin providers

what are you buying when you buy ethereum

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