Simplecryptoguide.com
How To Buy Ethereum (ETH)
Global:
United States:
Start by creating your account by clicking one of the buttons above.
Sign up with your email address or mobile phone number, and choose a strong password.
Before you get started and buy anything, you first need to verify your identity.
Then simply scroll down on this page to the exchange you have chosen and follow the steps.
- Step 1: Select ‘Buy/Sell’ from your dashboard
Once your account is verified there are two main ways to buy.
By linking your debit/credit card or by linking your bank account.
- Step 2: Start buying Ethereum (ETH)
You are now led to a new page where you can proceed with your Ethereum (ETH) purchase.
Select your preferred local currency and enter the amount you want to spend.
- Step 1: Select ‘Buy Crypto’ from your dashboard
Once your account is verified there are two main ways to buy.
By linking your debit/credit card or by linking your bank account.
- Step 2: Start buying Ethereum (ETH)
You are now led to a new page where you can proceed with your Ethereum (ETH) purchase.
Select your preferred local currency and enter the amount you want to spend.
- Step 1: Select ‘Wallet’ from your dashboard
Once your account is verified there are two main ways to buy.
By linking your debit/credit card or by linking your bank account.
- Step 2: Select ‘Deposit’ on your ‘USD and Stablecoins’ balance tab
Select your preferred local currency and enter the amount you want to spend.
- Step 3: Convert USD into Ethereum (ETH)
Once your deposit is finalized, simply click ‘Convert’ to convert USD directly into Ethereum (ETH) based on the current market price.
For more in-depth instructions, our ‘Get Started‘ guide will take you through the process step-by step.
In addition to providing instructions for sending and receiving your cryptocurrency. And our ‘Articles‘ will get you up to speed with everything you need to know about the cryptocurrency space starting out.
Simplecryptoguide.com
What Is Ethereum (ETH)?
Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts.
Ethereum was first described in a 2013 whitepaper by Vitalik Buterin. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014 and officially launched the blockchain on July 30, 2015.
Ethereum’s own purported goal is to become a global platform for decentralized applications, allowing users from all over the world to write and run software that is resistant to censorship, downtime and fraud.
Ethereum has pioneered the concept of a blockchain smart contract platform. Smart contracts are computer programs that automatically execute the actions necessary to fulfill an agreement between several parties on the internet. They were designed to reduce the need for trusted intermediates between contractors, thus reducing transaction costs while also increasing transaction reliability.
Ethereum’s principal innovation was designing a platform that allowed it to execute smart contracts using the blockchain, which further reinforces the already existing benefits of smart contract technology. Ethereum’s blockchain was designed, according to co-founder Gavin Wood, as a sort of “one computer for the entire planet,” theoretically able to make any program more robust, censorship-resistant and less prone to fraud by running it on a globally distributed network of public nodes.
In addition to smart contracts, Ethereum’s blockchain is able to host other cryptocurrencies, called “tokens,” through the use of its ERC-20 compatibility standard. In fact, this has been the most common use for the ETH platform so far: to date, more than 280,000 ERC-20-compliant tokens have been launched.
Official website: https://ethereum.org/