How to buy Ethereum future

You must be familiar with Ethereum futures if you have heard about cryptocurreny. It has the potential to actually change most currently existing services with the decentralized computer system. It has the one stop blockchain solutions for all the pre existing problems in our payment systems. Ether is the Ethereum native cryptocurrency that enables all options for operation within the blockchain as well as for as updates. It is the second most valued, stable and well known cryptocurrency after Bitcoin. If you are looking forward to buying Ether you will need to have a clear idea about how you are going to purchase them. Here is the list about how you can buy or obtain Ethereum. 

One of the easiest and popular ways of buying it is doing so through an exchange. Finding an exchange for Ethereum is not that difficult at all as it is the second most well known cryptocurrency around the world. You can even find one within your jurisdiction and trades. Once you sure that your country accepts the currency you wish to trade in you can register with an exchange with a few personal details. Your identity would be checked through the compliance with your KYC or Know Your Customer and Anti Money Laundering (AML) regulations. Once you have chosen your deposit method a small deposit fee will be charged by an exchange. Once your funds are in your exchange account you can start trading. Bitfinex, GDAX, Binance and Coinbase are some of the most well known exchanges which accept Ethereum. 

Other than exchanging, you can also buy Ethereum with cash. Many prefer purchasing Ether anonymously so that they can avoid providing your KYC and AML. It is possible to purchase from an online peer-to-peer exchange like LocalEthereum even though this particular way is not seen in a good light by regulators in some jurisdictions. LocalEthereum follows the same concept of Localbitcoins which is to facilitate over-the-counter trade of local currencies for Ether. However this platform is completely decentralized service and it is achieved through the use of Ethereum smart contracts. Basically this enables users to offer any local currency in exchange for a certain amount of Ether. The exchange of funds will take place automatically once the offer is accepted by a seller. However, the services are not free as the seller would typically charge a percent fee. Trading Ether peer to peer is perhaps the most private and secured way which is available.

You also have Ethereum ATM which is an alternative way of purchasing Ether. If you are looking to buy small amounts this is perhaps the easiest method available for you. There is a limit of transaction on cryptocurrency ATMs which are relative small which is why there is no need to compile with KYC and AML regulations. However before using any ATM you will need a wallet. This is also essential before buying it Ether. Once you have a wallet locate your nearest ATM that facilitates Ether a transaction. You can simply trade your cash for the Ether amount through the ATM. 

However you need to be very careful with your crypto assets. Avoid storing a large amount of Ether in wallets which is provided by exchanges. Even though it is considered a secure platform is not completely safe from losses of funds. You should also be careful to remember that your private key is the only way for you to access Ether. You should be extra careful with your key and make sure you don’t lose it or let it be stolen from you.

 

Author: David Ross

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