A digital platform ... A cryptocurrency ... A token ... What exactly is Ethereum? Perhaps a bit of each of these concepts and a digital platform that adopts blockchain technology. It can be used for a multitude of applications that we will tell you about in this post and it has become a popular phenomenon for investors due to its high growth in 2020.
But ... Why is it generating so much interest? What is Ethereum trading? How to trade ETH?
We will tell you about it below, will you join us?
What is ETH trading?
The trading or exchange of cryptocurrencies is the purchase and sale of financial assets in order to obtain benefits. It is a kind of short-term trade where users or traders enter and exit their positions in small intervals of time. An activity that you can do with Ethereum, the second cryptocurrency on the market. His creation came from the hand of Vitalik Buterin, who launched this network in 2015, creating the first digital cryptocurrency platform where Ether (ETH), its native cryptocurrency, lives.
Ethereum is its own cryptocurrency with unique characteristics that differentiate it from the first virtual currency in history, the Bitcoin. On the one hand, its main difference with Bitcoin is that it is used to make payments, while Ethereum works as an infrastructure to create new projects within the tecnología blockchain. To do this, Ethereum uses its advanced smart contract capabilities. This in order to allow the programming of decentralized applications (DApps) that run on its huge network of nodes in a decentralized way. This is why Ethereum is known as a "decentralized computer".
All this has powerfully caught the attention of cryptocurrency traders, who are betting on the mass adoption of Ethereum. A fact that would lead to the revaluation of its token and, therefore, would bring great opportunities to earn money through exchanges using Ether together with other cryptocurrencies.
This has led to brokers and traders holding Ether positions in their portfolios in order to maximize their profits in the cryptocurrency markets. At this point, it is convenient to distinguish a trader from a broker, since many people tend to confuse them. A broker is a company that executes buy and sell orders, charging a commission for it. A trader, however, is a trader who carries out buying and selling of assets to obtain profitability.
The importance of Ethereum for traders
Have you ever wondered why ETH is so important to traders and investors? The rise of cryptocurrencies has piqued the interest of investors, where ETH has become one of the most important cryptocurrencies. The main reasons are:
- Un price with greater access for the retail investor.
- A Pair of smart contracts that allow you to create new functionalities and applications, such as games, decentralized finance applications and much more.
In general, the main objective of Ethereum is to decentralize operations to avoid the intervention of third parties. To all this, we must add the popularity and growth of this cryptocurrency during the COVID-19 crisis.
Traders value the presence of Ethereum for allowing the creation of a multitude of distributed applications, in addition to being a financial services market and a platform to transfer value, among other things.
Now, how can I get hold of this cryptocurrency?
How to acquire Ethereum on Bit2Me?
The easiest option is to buy from an exchange or broker. There are infinite platforms to acquire this cryptocurrency, but in Bit2Me, we have an easy-to-use and secure platform to acquire this cryptocurrency. To start the purchase process on this last platform, you just have to go to the Bit2Me website, choose the ETH card and click on "To buy". Then, a box will appear in which you can indicate the amount of euros you want to buy in its equivalent in the cryptocurrency.
This will take you through a registration process that will take you one minute to complete, along with an identity verification or KYC procedure. Once these two procedures are finished you will be able to finish your purchase and you will finally have the money in your Bit2Me Wallet, as well as a Bit2Me account that allows you access to all its services.
Our tips for trading Ethereum
Are you clear on how to trade ETH? Before getting down to business, we want to share with you some tips for trading this cryptocurrency:
- Prepare your Bit2Me Wallet and buy Ethereum so you can trade or HODL if that is what you want.
- Do enough research, knows in depth CFDs and spot exchanges, know how to operate with them with leverage and the different alternatives to acquire ETH depending on the situation.
- Learn to know when it is better to act, how long to wait and what type of strategy is more convenient.
- Stay up-to-date with the industry through the specialized media. Breaking news can provide important clues about the market.
Get advice with us
At Bit2Me, we reveal everything about Ethereum trading so you can start trading today. Do you have any doubt?
Call us!