The value of the Ethereum network lies not only in the cryptocurrency itself, but in the wide opportunities that the platform provides. Ethereum is a multi-purpose tool for running decentralized applications running on smart contracts.
Why Ethereum is needed
Ethereum blockchain technology gives everyone the opportunity to take advantage of the distributed ledger to perform specific tasks. You can now create your own project without launching your own network, using the technical solutions of the existing platform. This will cost much less than launching your own blockchain.
The ability to create your own applications has significantly expanded the scope of blockchain technology. Every experienced programmer is able to develop his own application using the Ethereum ecosystem and a given algorithm. The system provides reliability, protection from failures and cybercriminals, and also guarantees the absence of censorship and interference from external regulators.
Based on the Ethereum network, you can:
- Launch smart contracts of any complexity to manage supply chains.
- Create decentralized platforms for trading.
- Develop various types of applications.
- Digitize physical assets.
- Manage customer identification and document authentication systems.
After its launch, the original Ethereum cryptocurrency quickly gained popularity. Now it ranks second in capitalization among all cryptocurrencies. It is traded on most cryptocurrency exchanges and many of them offer direct convert ETH to BTC.
Where can I buy Ethereum safely?
There are many ways to buy Ethereum, but for maximum security it is recommended not to risk your own wallet and choose a reputable platform with an impeccable reputation. The platforms that support Ethereum are very diverse and fall into different categories. These include decentralized and centralized, with and without crypto-fiat support, spot trading or derivatives services, as well as those that require identity verification and anonymous ones. However, when it comes to selling ETH to ?UR, the search range narrows significantly. Only centralized crypto exchanges and crypto exchangers remain in it, since decentralized platforms do not support fiat.
The safest trading platforms for exchanging ETH for fiat money
Kraken
This is one of the oldest and most reliable currently operating cryptocurrency exchanges. Security is a priority for Kraken. They provide two-factor authentication, cryptographic asset storage, and regular audits to ensure user funds are protected. Kraken provides a large selection of cryptocurrency pairs, options and futures trading are available to users, as well as staking of some coins.
Binance
Binance leads the ranking of exchanges in many respects. It has extensive functionality and a large selection of services for users. The platform supports transactions with 350+ cryptocurrencies and several dozen sovereign fiat currencies. In addition to spot and margin trading, options and futures are available on Binance, as well as staking of various cryptocurrencies and participation in decentralized financial projects (DeFi). The ecosystem has its own BNB token, which is used to pay commissions on the network and gives the right to participate in various promotions.
Coinbase
This is another top exchange whose team has put a lot of effort into making cryptocurrencies available for mass use. Coinbase has a simple, intuitive interface, provides a large selection of trading tools, and supports crypto-fiat exchanges.
Bitstamp
Another of the oldest top cryptocurrency exchanges and one of the few platforms that is licensed and regulated in Europe. Bitstamp places a high priority on security. The exchange uses two-factor authentication and stores the majority of funds in cold wallets, which ensures the protection of users' assets. However, the selection of cryptocurrencies on the platform is quite modest, only 78 items.
LetsExchange
The instant cryptocurrency exchange service supports over 3,800 digital and over 60 fiat currencies. Unlike centralized exchanges, all operations are performed completely anonymously, without registration and KY?.
