Buying Ethereum: What you need to know
What is Ethereum and why did its cryptocurrency price soar in 2021? How can one buy Ethereum, and what are some exchanges to consider?
Ethereum is a decentralized blockchain network that enables the development and execution of smart contracts and decentralized applications (dapps) using its native cryptocurrency, ether (ETH). Its founder, Vitalik Buterin, proposed Ethereum in 2013, and the network went live in 2015. Ethereum’s popularity led to the development of over 3.5k decentralized applications or dapps, contributing to its cryptocurrency price soaring beyond all-time highs in 2021.
Buying Ethereum is easy, thanks to the many exchanges available. One can sign up, go through a KYC verification process, and choose the perfect trading pair. Here are some exchanges to consider: Binance, Crypto.com, Coinbase, HitBTC, and Kraken. These exchanges offer several advantages, including a large trading pair offer, low fees, and security measures.