Introduction
Ethereum is a cryptocurrency which gives you a lot of options apart from buying and selling it back. It is the world’s second-largest cryptocurrency and has made up big goodwill in the market of capitalization. It was released back in July 2005 and since then it is ruling the market.
If you are planning to buy this unique coin, then you should know the features, pros, and cons of the coins. In the further section of this article, we will have a look at ethereum at a glance.
Features of Ethereum
Ethereum is also named as “smart concepts” by its users. It has been ranked at the top because of its no set of faults and failures in the transaction. Following are a few features of ethereum:
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Flexibility in nature: You can use it in every possible way, such as making transactions with certain specific conditions. Also, you can divide the funds amongst the parties depending upon the ratio and factors considered.
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Blockchain benefits: Unlike other cryptocurrencies, here you can directly make the transaction to the third party. There is no need of any bank interaction and the transfer is much faster and cheaper.
How to buy ether?
You can easily buy ethereum in India on any of the cryptocurrency exchange sites which are available on the internet. It is the second most common and popular cryptocurrency, it becomes quite easy to buy it and get the paperwork done. There are a lot of traders and mediators which bridge the gap and make it easy for you to get Eth to INR.
As per the current market standards, from 30 June 2020, the costing of ether is 17,155.54 INR. The exchange platform makes it easily available for you at a stipulated rate. They charge a very little fee for providing their services.
How to sell ether?
Selling and buying ethereum is one of the easiest ways. You can easily sell your ether in exchange for INR. The other way is going through a BTC. Before selling you must compare which exchange type is giving you more profit. Also, you must do research on market trends. This will give you an idea as to when you can sell and when you can earn a good return.
You can try various exchanges to convert ether to BTC. Some of the famous exchanges are:
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Bitcoin Exchange
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Ethereum
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Monero
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Zcash
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Poloniex
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Bitfinex
Wrap up
As we discussed earlier, Ethereum comes in the second position in the list of cryptocurrencies. The reason why it is so popular amongst the investors is that it is reliable, flexible, gives independence in dealing. It is easily available and there are a lot of easy ways to buy ether. So if you are a regular investor and haven’t tried Ether yet, then you should definitely give it a try.
