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How to Buy Ethereum with Credit/Debit Card

How to Buy Ethereum: An Introduction to Ethereum Investment Ethereum is a blockchain - an accounting book that contains a history of all transactions - that is secured by a distributed network of machines, each of which works to process and validate transactions. Ether is the currency of the Ethereum blockchain (although "Ethereum" is used interchangeably to describe both the currency and the blockchain) and is issued to the machines that perform this work.

Ether can be easily traded for fiat currencies such as US dollars or euros, or it can be held as a speculative asset or for its usefulness. The Ethereum network now has many thousands of participants who can transact with anyone in the world without intermediaries.

Transactions in Ethereum are final and immutable. If a transaction is not valid (for example, the user does not have enough funds), then the transaction is not included in the blockchain. The complete history of all valid transactions is stored by many different machines in thousands of physical locations, each copy being identical to the other.

The blockchain is a global agreement on the history of each transaction that has been made. Due to this nature of distribution of operations in the Ethereum blocking chain, there is no central point of failure and there is no possibility that the system will fall.

The Ethereum blockchain was launched in July 2015 with a price below one dollar and rose slowly until March 2017, when the cryptoactive experienced a huge increase in value. The price of Ether reached its peak in January 2018 with a record high of more than $ 1,400 dollars before falling to $ 85 dollars several months later.

This is a guide to buy Ethereum here will explain why Ether has value, if that crypto is a good investment and what risks and considerations should be taken into account when looking to buy Ether.

To first understand Ethereum's value proposition and if as an investor you should consider the purchase of Ether, it is better to consider the unique benefits that crypto assets offer and why they attract the attention of such a wide range of investors, from risk capital sectors To retailers

About Buy Ethereum

Buying Ethereum in these exchange houses is very simple, since they offer payment methods are bank transfers, deposits or payment by credit and debit card. That is, like any product we can find on the Internet. It should be noted that card payments are instant, while bank transfers usually take between 1 and 3 days. Even so, bank transfers have fewer commissions than payment by credit card.

The process to buy Ethereum on these exchange platforms is very simple. You must first register and perform some verification of your identity, such as ID or passport and credit card, or account. It is possible that some Exchange will make you pay a small amount through the bank account to verify it. Nothing significant Then you will have to contribute money to your account by transfer or credit card and you can buy your cryptocurrencies.

The two platforms are widely used. On the one hand, Coinbase is very simple to use and it is what people usually start with, since it offers the lowest prices and is in Spanish, something uncommon in these Exchange. On the other hand, Kraken has the lowest commissions and has the possibility to buy many types of cryptocurrencies, and you can pay with other cryptocurrencies, too. You can also find many graphics that will give you information about the cryptocurrency market.

Now that you know how to buy Ethereum, you just have to start acquiring your cryptocurrencies. You can take a look from your account before investing to see how it works. If you are not an expert it is better to be careful, since you can lose your money invested. You can know what are the advantages and disadvantages of cryptocurrencies before you start in this world so unknown to many.

About Coinmama

How to buy Ethereum with card in Coinmama: step by step

1. Step: Get a cryptocurrency wallet that ethereum can store. Coinmama does not save your ethers for you, but sends them to the address you provide.
2. Step: Open an account in Coinmama. Once you have opened your account and verified your email address you can continue with the following steps.
3. Step: Go back to the Coinmama home page and log in with the username and password you chose in the previous step.
4. Step: Verify your account. To buy with a credit card in Coinmama you need to verify your account and identity. You have several levels of verification that you can choose but, in general, the more details you provide about yourself, the greater the amount of ethereum or bitcoin you can buy. To do this you must go to the My account tab, and then to Verify my account. buy bitcoins with credit card at coinmama
5. Step: Verify your identity. For the basic level of verification you will need to upload an identity document and a picture of yourself holding a paper that says "Coinmama" and the current date. how to verify identity in coinmama Your documents will be reviewed by your verification department (generally it is a very fast process, between 2-5 minutes) and once verified you can buy up to 15,000 EUR / USD with credit or debit card.
6. Step: You can now buy ethereum in Coinmama with a credit card. 6.1: Choose the cryptocurrency you want to buy, ethereum, bitcoin or any of the other available. 6.2: Choose the quantity you want to buy. 6.3: Click on Buy ETH.
7. Step: Enter the address of your wallet, where the ethers (ETH) will be sent.
8. Step: Choose the payment method Credit Card. Enter the card details and follow the instructions as in any online purchase.
9. Step 9: Wait for the ethers to reach your purse. Go to the Coinmama page to buy ethereum with a credit card!

Coinbase Coinbase is the largest cryptocurrency broker in the world. It has more than 30 million customers in 103 countries. The commission for credit card purchases charged by Coinbase is 3.99%, which is one of the lowest in the sector.

Although Coinbase accepts customers from almost all Latin American countries, only in a few is the credit card purchase option available at the moment.

PROS: card purchase available in Spain (and the rest of the EU), Mexico, Chile, Puerto Rico, United States and Canada; good reputation of the company and many years of experience; easy to use for beginners; high liquidity and purchase limits; relatively low commissions.

CONS: the purchase with a credit card (but registration is not available) in all Latin American countries (only those indicated above); Registration and verification of mandatory identity.

RATING: 5 stars of 5

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