Every trader looking to invest in crypto projects knows there are two main blockchain networks out there that hold more than 60% of the overall market cap: one is Bitcoin and the other is Ethereum.
But is Ethereum similar to Bitcoin? If we consider the respect for decentralization, trust and security, we may think Ethereum is similar to Bitcoin. However, if we look closer we may notice that Ethereum was not created to be just a digital currency but a platform that can be used by developers to create DApps (decentralized applications) and eventually smart contracts.
At the same time, we cannot miss the important role occupied by Ethereum in the cryptocurrency market boom from 2017 and its vital link with the numerous blockchain startups that launched Initial Coin Offerings via the Ethereum platform.
Let’s see where we can buy Ethereum from.
Binance is our number one choice for multiple reasons. First of all, Binance has recently become the largest cryptocurrency exchange in the world in terms of trading volume and its influence in the blockchain industry continues to grow.
Second, Binance has recently released its own Binance Launchpad that somehow tries to reproduce the ICO success experienced in 2017 by assisting new companies sell digital tokens and supporting their fund raising efforts.
Maybe the most important reason one would need to use Binance stands in the great number of digital tokens available on the platform which can be bought with Ethereum. It’s ok if you just want Ethereum, but why put all your eggs in one basket? Maybe you would like to diversify your portfolio with NEO – aka the Chinese Ethereum – or with ICON, the most popular Ethereum-like platform in South Korea.
Kraken is probably one of the most secure crypto platforms in the world and their efforts to improve the online exchange have not gone unnoticed in the industry.
Though their marketing campaigns are not as spectacular as those run by Binance, Kraken has recently become the first crypto exchange in Europe to offer authorized futures products with the purchase of Crypto Facilities.
Thus, Kraken will be able to offer spot and derivative services for futures contracts that are based on Bitcoin, Ethereum, Bitcoin Cash, XRP and Litecoin.
This important move comes soon after the company attracted new investments and became the “largest bitcoin exchange in euro volume and liquidity”.
Gemini crypto exchange is another popular platform from US for traders and investors looking to purchase Bitcoin and Ethereum.
Gemini always kept a high focus on the main Bitcoin and Ethereum trading pairs, so we can definitely say this crypto exchange is a reliable source of Ethereum.
Gemini is run by Winklevoss brothers who are quite famous in the industry for their efforts to create more regulation and security into the crypto space via continuous negotiation and talk with the main regulatory bodies in the US, such as the Security and Exchange Commission.
Thanks to their ongoing struggle to attract corporate funding, Winklevoss brothers may be the first to receive approval for an Exchange Traded Fund that uses Bitcoin or Ethereum. More institutional investment on the Gemini platform means more predictability and greater profits.
For Asian-based traders and investors, Huobi is one of the most popular online platforms in the area, especially when offering more than 200 crypto pairs.
This means that users that look to enhance their crypto portfolios with promising tokens are able to change their Ethereum for other available coins.
Huobi is definitely more than a local exchange if we consider the rich variety of digital assets available for countries in Asia and throughout the world.
When choosing an exchange to purchase our favorite cryptocurrency, we should also consider that in the long term we may look to add new digital coins to our portfolio. It is better therefore to have an account on a rich cryptocurrency platform.
E-Financials is a growing online cryptocurrency exchange which focuses on stable blockchain networks while offering fast order placement and low fees to some of the most popular digital assets available right now in the industry.
E-Financials’ mission is to create a positive trading experience for individuals looking to have stress-free access to some of the most relevant cryptocurrencies in the market in a user-friendly interface.
The main principle followed by E-Financials is to bring the complex world of cryptos closer to everyday people who look to join the blockchain revolution and become investors in cryptocurrencies with secure blockchain networks.
With or without ICOs, Ethereum remains an important name in the blockchain industry and all major players, from traders and investors to regulators need to take it into account when analyzing the state of the market or trying to make a sense out of it.
Ethereum blockchain network is a major project of the cryptocurrency world and its developers continue to work on improving its speed and scalability.
In the foreseeable future, Ethereum will pass through multiple upgrades – such as the upcoming Constantinople Hard Fork – which will enhance the network and prepare it for the future implementation of a new Proof of Stake protocol that will bring the Ethereum blockchain at a whole new level.