Ethereum Trading : How Does It Work ?

For several years, crypto-currencies have been expanding steadily. Thus, Ethereum sees itself as the second most popular cryptocurrency in the world behind Bitcoin. This is a real stock market investment that offers several advantages. The following article tells you about Ethereum and its benefits.

What is Ethereum ?

Ethereum is an electronic platform that allows people to build a series of decentralized applications. Clearly, ethereum is a blockchain protocol imagined by Vitalik Buterin, a Russian-Canadian developer. Blockchain is a technology that allows information to be stored and transmitted transparently, securely and without a central control body. Also, it is different from Bitcoin, which is only focused on peer-to-peer payment.

How does ethereum work ?

Ethereum works thanks to an open software platform running on the basis of blockchain technology. This blockchain is hosted on many computers around the world, making it completely decentralized. Each computer has a copy of the blockchain and there must be a majority agreement before any changes can be implemented on the network.

What are the advantages of Ethereum ?

Ethereum has several advantages, namely : • A powerful and precocious reputation with its community • A very large and proactive community • Extremely vast development possibilities • A strong advance in the creation of decentralized applications and smart contracts • The good reputation of Vitalik Buterin, founder of the cryptocurrency • The brand image recognized by several big names in the economy and finance (Axa, Commonwealth Bank of Australia)

How do I get Ethereum ?

Buying Ethereum through a credit card is very easy on Binance. By selecting the “Buy crypto-currency” field, you will have access to an interface offering to pay, transfer or convert cryptos. Then, you select the currency that suits you by entering the amount of your transfer and then you choose the cryptocurrency of your choice, in this case Ethereum. Finally, the platform presents you with the value of the Ethereum you want to pay. 

Also, when you buy ethereum (ether) tokens in a marketplace, the price will usually be quoted in fiat currency (such as USD, EUR or GBP). In other words, you are selling a certain amount of currency to buy ethereum. If the ethereum price goes up, you can sell it for a profit. If the price of ethereum goes down and you decide to sell, you will suffer a loss. You will also need to access a place or wallet to keep the ether you have purchased.