Why you need to invest in ETH


Why you need to invest in ETH

Ethereum now has infiltrated the non-crypto audience. Publicly traded since 2016, Ethereum has become a valuable digital asset.
 
Why you need to invest in ETH
All the popular exchanges and wallets support Ethereum

Ethereum has become one of the hottest crypto coins right now. You should buy Ethereum with credit card but if you still need some convincing, here are all the reasons you should invest in ETH:

  1. Popularity of Ethereum

When laymen talk about crypto, they always resort to Bitcoin. Ethereum now has infiltrated the non-crypto audience as well. Publicly traded since 2016, Ethereum has become a valuable digital asset.

All the popular exchanges and wallets support Ethereum and all the other ERC-20 tokens. This, in turn, has had a hand in Ethereum’s growing popularity.

You can also buy Ethereum with a credit card, debit card or through PayPal making it even more popular.

  1. The shift to PoS

Ethereum may be soon be moving to a Proof of Stake algorithm which will make it much more faster and decentralized than Bitcoin that uses that PoW or Proof of Work. This PoS will also require far lesser electricity and energy to verify.

  1. Real-world application

Ethereum’s smart contracts have a real-world application. As of now, Ethereum’s blockchain allows patients’ documents to be shared with other hospitals safely. The smart contract platform also eliminates the need for paperwork which reduces cost and cuts out the need for any middleman in a lot of sectors.

The Bank of America has also placed its faith in the Ethereum blockchain. The company helps premium customer secure their transactions with Ethereum. Ethereum has been incorporated by the companies faster than Bitcoin.

How to invest in ETH

Now that you know that you want to invest in ETH, here a few ways for you to do that easily -

  1. Use a cryptocurrency exchange -  If you have BTC, you can always convert BTC to ethereum or any other crypto coin to ethereum using a cryptocurrency exchange that has a very low trading fee and minimal withdrawal fees.
  2. Buy ETH directly -  You can use your credit or debit card or Paypal or wire transfer to now buy ETH directly. This process is very fast and requires you to have an Ethereum wallet beforehand in most cases. You may need to provide photo ID for the verification process.
  3. Ethereum mining -  The other way to get Ethereum is to verify the transactions on the blockchain which is known as mining.

Even if you have a shadow of doubt about Ethereum you can always go for ETH BTC conversion because Bitcoin is not going anywhere.

A brief history of Ethereum

Vitalik Buterin, a developer, had proposed the ethereum network in 2013. He conducted a crowdsale to fund the development costs and finally launched Ethereum in July of 2015. Now, there are hundred million Ether on the network

The future of Ether

Ethereum will only continue to grow and the price and demand will rise with it. However, all crypto coins are volatile so make sure you do your research before investing in ethereum or any other crypto coins.

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