The Ethereum blockchain token (ETH) is one of the strongest cryptocurrencies in the world. In November 2021, the value of Ethereum reached $560 billion, which puts it just behind Bitcoin as the second biggest blockchain token in the world.
But the big question is, how do you buy Ethereum? Let’s review what you need to know about purchasing some of this digital asset.
Ethereum is a blockchain platform that comes with its own cryptocurrency, which is called Ether (ETH). The Ethereum blockchain is a decentralized public ledger that records all transactions made on the network.
Most people looking to invest in ethereum think they’re just buying a cryptocurrency. But the Ethereum network offers a wide range of development opportunities, and supports plenty of decentralized finance (DeFi) projects, making it arguably a more valuable asset than Bitcoin in terms of potential.
Here a few key things to note about Ethereum:
Fun fact: Ethereum got its start through crowdfunding to get the capital needed for the program to launch.
If you’ve never purchased cryptocurrency before, the process can absolutely seem confusing. Luckily, big players in the industry are making the process easier than ever before.
There are basically four types of platforms you can use to buy Ethereum.
Now that you know your options, you need to figure out which one works best for you.
Of these four methods, only DCMs (and sometimes P2P, depending on the arrangement you make) give you the ability to buy ethereum with cash. You don’t even need a bank account, so DCMs are the preferred method for the unbanked and underbanked. DCMs streamline the process of purchasing Ethereum, removing the additional steps needed for any other method.
Coin Cloud machines are a great way for new crypto-enthusiasts to purchase digital currency, quickly, easily and without a bank account or too much personal information. To get started, all you need is a smartphone and some cash.
Here’s how to buy ethereum with cash at a Coin Cloud machine, step-by-step.
By the way, if you also want the option to buy ethereum with a debit card, you can use both credit and debit cards to purchase online at Coin Cloud’s website.
If you’re looking at buying Ethereum as an investment opportunity, keep in mind that like any investment (and especially in the cryptocurrency world), there are risks. Crypto can be volatile, and there may be a price crash where your asset loses value.
But volatility can be both a blessing and a curse. Part of the excitement behind crypto is the rush of watching the market, fluctuations and all.
Now that you know you can buy Ethereum instantly with cash at a Coin Cloud DCM, you might wonder where to find them. Well, these next-gen Bitcoin ATMs are located in over 4,500 retail locations across the U.S. for your convenience.
For an up-to-date location finder, download the free Coin Cloud crypto wallet app, which gives you the power to buy, sell, swap, send, receive, store and manage your Bitcoin and other digital currencies.
There’s a location finder, so you can find your nearest machine from the palm of your hand, and you can also set up your sell transactions in advance to speed up the process and reserve your cash for up to 48 hours.
Disclaimer: The information and views supplied on the Coin Cloud blog are for educational and entertainment purposes only. We are not financial advisors, so please do your research and consult with a trusted financial specialist before investing your money.
Founded in 2014 in Las Vegas, Nevada, Coin Cloud is the leading digital currency machine (DCM) operator. With over 4,500 locations nationwide, in 48 states and Brazil, Coin Cloud operates the world’s largest and fastest-growing network of 100% two-way DCMs, a more advanced version of the Bitcoin ATM. Every Coin Cloud DCM empowers you to quickly and easily buy and sell over 40 cryptocurrency options with cash.
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