π₯ Invest in Ethereum 2021: buy Ethereum or not?
Next to the Bitcoin there are some other very interesting cryptocurrencies that also have the potential to experience sharp price increases. One such cryptocurrency is Ethereum. Because Ethereum is - based on market capitalization - 2nd place in the ranking of digital currencies.
Even if the price of Ethereum is not as high as that of the cryptocurrency Bitcoin (as of mid-March 2021, Ethereum is 1.800 US dollars; the record high was set on February 20, 2021: 2.042 US dollars - Bitcoin is in the 54.000 range US dollars and set the record high of 21 US dollars on February 2021, 58.640), but there is potential. Some experts, such as analysts, are of the opinion Ethereum could be over $ 10.000, sometimes even rise to over US $ 20.000.
Due to the (still) low price, it may therefore be quite tempting to invest money in this crypto currency. But which provider should you use to buy coins from Ethereum cryptocurrency Want to buy
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How to invest in Ethereum
It doesn't matter whether you are German, Swiss or Austrian - whoever is Buy coins of the cryptocurrency Ethereum want, he should take a look in the direction of eToro. eToro is a social trading broker that not only offers brokerage services, but also the services of a Cryptocurrency exchange. This means that you can speculate on eToro not only with stocks such as foreign exchange and commodities, but also on the price movement of various crypto currencies, but you can too Buy coins and immediately store them in the internal wallet provided by eToro.
The big advantage when you sign up for eToro decide? There is a wide range on offer. Social trading or copy trading, in particular, may be an attractive service. Because here you can make decisions like Strategies of Successful Traders take over - ideal for all those who describe themselves as beginners or are still unsure. But watch out: There is no guarantee of profit - even the successful trader can misjudge the market.
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eToro is one of the most popular and well-known providers in German-speaking countries. Due to the fact that eToro is regulated, has a fair fee model, accepts some deposit methods and also makes the offer in the room, Coins of cryptocurrencies To be able to buy or speculate with the price of digital currencies, a recommendation can very well be made here.
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Step 1: Register with eToro
If you have decided on the provider eToro, you have to open an account at the beginning. It should be noted that the registration process can be carried out without any problems. Right at the beginning it is given to understand Wanting to appeal to beginners - You will not be faced with any obstacles here.
On the home page you can find βRegisterβ in the top right corner. Click and you will be redirected to the registration platform. The first and last name, an e-mail address and a password must now be entered. It should be noted that the password should consist of uppercase and lowercase letters, special characters and numbers - this increases security.
The entire registration process takes a few moments. After completing the registration it is possible to make the first deposit.
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Step 2: deposit
eToro scores here with a true variety. Because while there are some providers who only accept bank transfer or payment by credit card, you can choose from a wide range at eToro.
The following deposit methods are accepted:
- Bank Transfer
- Credit card
- Giropay
- Skrill
- Neteller
- Klarna / Sofortuberweisung
- PayPal
PayPal in particular is a rarity in this industry. The interest in PayPal may have increased or is still increasing, but the number of brokers that offer the online payment service is relatively small. So like eToro can also be recommended to all those PayPal fanswho do not want to make their deposits by credit card and / or bank transfer.
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Step 3: Buy and sell Ethereum (ETH)
After the deposit has been made, you can buy coins of the crypto currency Ethereum or speculate with the price movement. Either Ethereum or the abbreviation ETH must then be entered in the search field. Then you get Charts such as statistics and information presents.
If Ethereum is selected, you can then specify the amount to be invested. eToro then calculates how many coins you get for it. But you can also specify the number of coins and eToro calculates how high the amount to be invested should then be. If the purchase is confirmed, the coins are stored in the internal Wallet transferred. However, there is the option of transferring the digital coins to an external wallet.
One can also speculate on the price. Then click on X2. Then either a long position (the price rises) or a short position (the price falls) is opened.
Caution should be exercised due to the fact that it is a very volatile market. Especially if you are speculating with the price, i.e. if you opt for CFD trading, only freely available capital should be invested.
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Ethereum (ETH) invest deposit methods
Depending on the chosen deposit method, the money is available either immediately or with a certain delay. Anyone who opts for a credit card or uses PayPal, for example, will receive the money immediately on the eToro account. In the course of the bank transfer, however, you have to be patient for two to three working days.
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How to buy and sell Ethereum
Today, Ethereum can be bought easily via a cryptocurrency exchange. However, it is important that you take a few aspects into account, such as trading with a trustworthy exchange like eToro. It also helps keep an overview of the current developments in the crypto world to invest in Ethereum at a convenient time.
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SIGN UP NOWBuy Ethereum or not: is it worth buying Ethereum?
Anyone who wants to invest their money in the long term today will probably ask themselves which products are suitable for it. It is no secret that the classic savings products, i.e. savings accounts or overnight money, can no longer be recommended. Such products have become unusable on the part of the ECB, the European Central Bank, due to the zero interest rate policy that has been pursued for years.
The crypto market may be much more interesting. But the dangers are not to be underestimated. It can always go steeply upwards and downwards.
Ethereum has been on a high for some time that has only been seen by a few correct ones. While the price was around 2020 US dollars in the summer of 230, the jump over the 2021 US dollar hurdle followed at the beginning of January 1.000 and the jump over the 20 US dollar mark on February 2021, 2.000.
If you take into account the fact that the crypto market will probably gain strength in the near future and the forecasts are based on the fact that the price of Ethereum could also rise, it may be interesting and recommendable to invest in Ethereum.
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What types of Ethereum investments are there?
Either you buy coins of the crypto currency Ethereum or you decide for so-called CFD trading. In this case, you don't buy coins, but only speculate on the price movement. But what should you watch out for when it comes to investing in Ethereum?
Anyone who is convinced that the price of Ethereum will rise can buy coins and transfer them to the wallet. This variant of the investment may be advisable and understandable, especially in the long term. Because buying cheaply and then waiting until the price has reached the desired level can ultimately mean an attractive profit. If the price moves up.
CFD trading is also about price. However, here you do not buy any coins from Ethereum, but only speculate with the price development. If a βlongβ position is opened, it is assumed that the price will rise - if one believes that Ethereum is about to correct, a βshortβ position is to be opened.
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Investing Ethereum Conclusion: This is the best way to buy Ethereum
We at Bitcoin News.one find that Ethereum is a very interesting cryptocurrency that should be looked at more closely. Particularly with a view to the long-term prognoses, there may be a good time to start now. So if you want to invest in the crypto market, you should consider whether it would not make sense to pump part of your savings into Ethereum.