Since the creation of Bitcoin, people around the world have been curious about how cryptocurrency works and how to put it in their hands.
This curiosity continued to increase as more coins entered the market. A cryptocurrency that collects a lot of attention and has accumulated a large community of supporters is Ethereum. Ethereum is the second largest cryptography, and has made a name for itself largely thanks to its innovative platform.
To begin with, many in the industry consider Ethereum as the next big cryptographic platform and the successor to Bitcoin. Users prefer Ethereum to other platforms because it works on a public blockchain and offers smart contracts. Although Ethereum has not yet exceeded the value of Bitcoin, it still maintains its own space and attracts many investors who want a piece of the Ethereum action. Those wishing to participate in this project must purchase Ethereum, which is not as simple as one might think.
However, there are tools available that simplify the process of crypto-purchase. The cryptocurrency exchanges such as CEX.IO make the process of purchasing Ethereum, or Ether, simple, safe and fast. But what is CEX.IO?
What is CEX.IO?
CEX.IO is one of the most reliable exchanges in the industry. Not only can you buy Ether on the exchange, but you can also buy other cryptocurrencies. The exchange itself is based in the United Kingdom and provides cryptographic services to much of the world. The strong points in favor of the exchange include:
- Various payment options
- advanced trading opportunities
Advantages of using exchanges such as CEX.IO
People have used cryptocurrency exchanges for a while because they are simple, fast and safe. In terms of the purchase of Ethereum, exchanges are currently the easiest way to get a hold of the currency. CEX.IO is one of the most used exchanges that meet the needs of beginner investors and seasoned traders.
The advantages of CEX.IO are numerous. However, the characteristic killer that makes the exchange unique is its dual nature. Firstly, CEX.IO acts as a broker that allows users to make cryptocurrency purchases in just a few clicks. Secondly, it is a fully functional platform for professional traders offering a highly liquid market for the most popular cryptocurrency pairs.
In addition, the exchange offers a mobile app for cross-platform trading and accepts a wide range of payment methods – with credit cards and bank transfers between them.
The buying process
Now that you know what forms of payment you can use and in which exchange to buy your Ether, let's take a look at the buying process. When it comes to buying Ether, you can do it in a few simple mouse clicks. The process is simple and straightforward and requires little or no technological skills. Follow the following steps:
- Verification:If you use the CEX.IO exchange, you want to visit the exchange website and register an account before accessing the platform. The registration procedure is simple. It only requires some contact information, a selfie and a photo of your ID and credit card. Once completed, the exchange will verify your credit card information. After verification, you will be able to access the exchange to make purchases. Other exchanges have a similar verification process.
- Buy ether: Once you have a verified account, you can make purchases by depositing fiat currency in the bag. To do this, simply go to the Finance section of the exchange website and click on the "Deposit" button. From there, you can proceed to the Buy / Sell or Commercial section to purchase Ether. The process of sending a purchase order varies depending on the section you are using, but in general, all you need is to define the amount you wish to purchase and see your order being finalized. If problems occur during the process, the CEX.IO customer support team is extremely helpful.
Overall, the buying process on the CEX.IO exchange is very intuitive and simple. Furthermore, as the exchange complies with AML regulations and safety standards, it is reliable and reliable. CEX.IO also uses encryption algorithms as an additional level of security to keep transactions safe.
In addition, the CEX.IO exchange allows you to withdraw funds at any time using any appropriate method and offers access to a 2FA enabled online wallet. Although not a requirement for the use of this portfolio, it is an interesting feature.
Other methods of purchasing Ethereum
While cryptocurrency exchanges such as CEX.IO are the fastest way to buy Ethereum, they are not the only option. You can also visit a peer-to-peer exchange, such as LocalEthereum, which connects those wishing to purchase Ether with those who wish to sell it. This website is available in many countries around the world and offers a wide range of payment methods.
However, please note that some transactions on peer-to-peer exchanges may take longer than those on centralized cryptocurrency exchanges. Also, always read reviews about merchants you want to trade with to avoid scams.
There is no reason to postpone membership to the Ethereum community by purchasing Ether. With secure and secure cryptographic exchanges to make purchases, you can get a slice of the pie in no time.
However, before making any cryptocurrency investment, make sure you have done your best to conduct a comprehensive search on possible risks. And never give your money to the exchange service provider who has an unpleasant reputation.