Cryptocurrency has opened an entirely different venue for virtual exchanges since it began booming. Digital assets have been moved to and fro, and the value of the currencies have risen and dropped at a quick pace.
Australia is one of the countries that have managed to impose regulations on trading and using the blockchain technologies such as that of Bitcoin. And while a lot of people go crazy about Bitcoin, Ethereum also paved its way to be recognised in the world of cryptocurrency.
Ether can be both bought and sold like other digital currencies, but it has more unique features. More than just an alternative coin, it is now known as a more modern computing platform for the public. It is more of a system that aims to decentralize financial exchanges done over the Internet.
If you are in Australia and would like to know where and how to buy Ethereum, read on and know the ropes.
About Ethereum and Its Price
First things first. After knowing how the entire process of trading and exchanging works, you have to know the system on which Ethereum stands on.
The blockchain technology that it uses has other features that compute differently. And like other currencies, purchasing Ether and trading it can be risky. With the rapidly changing online market, you should be ready to take on the complications.
Today, the price of Ether when converted into Australian dollars is at $1110 AUD. Of course, the rate changes depending on the market performance.
Where and How to Buy Ethereum
You can buy Ether from digital currency exchanges like CoinSpot, Coinbase, CoinTree, BTCMarkets, Coin Loft and Independent Reserve.
These currency exchanges have the same services; they let clients buy, sell, trade, and exchange Ethereum, Bitcoin and Litecoin. However, they vary in terms of fees, supported currencies and payment methods.
CoinSpot, for instance, charges 1-3% of fees that are payable in cash or through BPAY and POLi. On the other hand, Coinbase does not charge fixed fees. The amount depends on the transaction.
Coinbase also allows users to deposit currencies from over 32 countries and accept payments through bank transfers, credit and debit cards. Independent Reserve, meanwhile, supports Bitcoin, Bitcoin Cash and Ethereum currencies and accepts payments via wallet transfers, SWIFT and POLi.
Binance is based in China but supports multi-language exchanges. It caters to more than 60 cryptocurrency pairs trading. Coinmama specifically concentrates on letting the clients buy bitcoins in US dollars and Euros.
Paxful is not just a venue for buy-and-sell activities, but it also provides a venue where Bitcoin and Ethereum players can connect. This marketplace is huge and is open to 300 different payment methods.
eToro Social Crypto is also a great place to exchange investment schemes. Here, you can base your trades on the exchanges made by the top crypto investors.
In a nut shell, you can purchase Ethereum through your trusted currency exchanges and brokerage service. You can also trade it for another currency like Bitcoin.
Some people utilize creating “smart contracts” too. These are set up by the users themselves and can be modified based on their preferences. They can keep themselves anonymous and perform transactions through a reliable block chain.
With all of this, it can be said that even with the complexity of Ethereum’s system, its process can be convenient for users too. Just know that like all other technologies, it is a risky field to be playing in. But with the right information and some advice from experts, it can also open a lot of doors for you.