What is the Best Way to Buy Ethereum with PayPal?
One of today’s biggest Ethereum issues is the fact that you cannot buy it as easily as you would like. Although Paypal has been very partial to Ethereum in the past couple years, finding credible places to buy Ethereum with Paypal in 2017 is still difficult.
PayPal is wary of letting you buy Ethereum with their service because of numerous chargeback cases created by scammers. These crooks buy Ethereum with Paypal and then claim they didn’t receive anything, which allows them to keep their money and their Ethereum.
If you’d like to buy Ethereum with Paypal or a credit card solely for trading purposes, take a look at our featured brokers above.
Trade Ethereum online using CFD services
If you’re only interested in trading Ethereum for the benefit of taking advantage of its volatility, your best option is to use an online platform which allows CFD services. Currently, there are only a few CFD platforms that allow trade with Ethereum. You will find that many of these trading brokers work with most countries, excluding the United States.
If you want just to trade in Ethereum, these brokers accept multiple forms of payment, including major credit cards, PayPal, and wire transfers. If you choose to trade via a forex platform, you will pay out the lowest possible commissions when compared to the alternatives. Forex companies’ exchange rates are aggregated from different Ethereum exchanges.
Ethereum has really taken off in just the past few years, but people may not be aware of everything it entails, including its functionality, origin, how it’s generated, and more. Below, we discuss the basics of this platform and its currency, Ether.
What is Ethereum?
Ethereum is a smart contract blockchain platform with a cryptocurrency, Ether. Vitalik Buterin invented Ethereum in 2013. It is a decentralised platform on which developers can build apps.
Ethereum can be used to decentralise, codify, secure, and trade pretty much anything: voting, domain names, financial exchanges, crowd-funding, contracts, company governance, agreements, intellectual property, and more.
What is Ether?
Ether is the Ethereum platform’s legal tender. Anyone wanting to build upon or utilise the Ethereum platform must have Ether. The term Ethereum is often inaccurately used refer to the currency, Ether, which leads to confusion. Similar to Ethereum, Ether can be traded, mined, and bought at any of the brokers found on the above chart.
Ethereum Vs. Bitcoin
Although Ethereum and Bitcoin are both Cryptocurrencies built using blockchain technology, they differ in a number of ways, with many of these differences relating to the refinement of Ethereum protocol. Because of the way Ethereum is mined, transactions occur much faster. The standard “block” time for Ethereum is twelve seconds, which compares favourably to the ten minutes necessary for Bitcoin. With Ethereum, you will purchase and clear transactions much quicker than you will be using Bitcoin. Ethereum also does not have the automatic restrictions placed on supply growth; by contrast, Bitcoin does place these limitations. These Bitcoin limitations exist because of the Bitcoin block rewards, which are cut in half every four years.
The amount of Ether, by contrast, stays the same and is always available each year. Additionally, regarding supply, Ethereum was crowd-funded while Bitcoin was released. Because of this, early Bitcoin miners gained the primary Bitcoin supply and currently own most of the Coins in circulation. Ultimately, Bitcoin uses a different algorithm than that of Ethereum, warding against the use of app-specific singular circuits. Ethereum supports a decentralised mining operation for people using their own personal GPUs.
Here at TopBrokers.Trade, we take pride in providing the best possible online trading broker comparison, reviews and ratings. These reviews enable you to select the best trading platform for your needs. We don’t just help you to pick a great place to trade, but also do everything that we can, to show you how to get started. For more information on Cryptocurrency Trading, please see our tutorial: The Basics of Cryptocurrencies.
Risk Warning: Users should be aware that all investment markets carry inherent risks, and past performance does not assure future results. Trading of any kind is a high-risk activity, and you could lose more than you initially deposited. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 73-89% of retail investor accounts lose money when trading CFDs. Please be sure you thoroughly understand the risks involved and do not invest money you cannot afford to lose. Your capital is at risk. Advertiser Disclosure: TopBrokers.Trade is an independent professional comparison site funded by referral fees. The compensation TopBrokers.Trade receives is derived from the companies and advertisements featured on the site. Due to this compensation, we can provide our users with a free comparison tool. Unfortunately we are unable to list every broker or exchange available, however, we do our best to review as many as possible.