Ethereum is the first platform for secured decentralized applications deployment. Anyone can use the Ethereum network for the development technologies on top of it. The native token ETH is used within the blockchain as a payment method.
The main principles of the Ethereum network are decentralisation, security, and scalability. Operations in the Ethereum blockchain occur through smart contracts execution.
By autumn 2022, the Ethereum developers aim to switch the network to the Proof-of-Stake method. It means that receiving tokens will no longer require costly mining equipment and electricity expenses, and staking will be available for the ETH tokens. Staking means keeping assets in an exchange’s wallet and receiving interests in the form of tokens in return. Such an option is available on many credible crypto platforms. However, it is not available for Ethereum yet, so we are waiting for the coming autumn to see what it will be like.
Cryptocurrency prices can be checked on any large crypto platform or the Coinmarketcap service. The current ETH rate is $1,625. Ethereum cryptocurrency price is expected to grow amid the coming transition to PoS.
Steps To Buying ETH
We recommend using only legitime exchanges, for they always offer a better Ethereum crypto price and lower transaction fees.
To buy ETH, you may use the WhiteBIT crypto exchange. Follow simple steps:
- Register an account on the platform.
- Pass KYC.
- Deposit your account using your bank card if you have not got any coins yet.
- Open the section “Trade”
- Pick ETH and enter the asset you wish to sell. It may be another crypto if you have some or dollars (euros) from your card.
- Pay the fee (0,1%).
- Receive ETH to your account.
You may hold your assets on the exchange for a long term and wait until the price boosts. Another option is to trade ETH. One of the most popular trading strategies for ETH is futures. Learn more about this risky trading type and practice it on the WhiteBIT demo account, which is free.