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Although the value of Ether is a fraction of what the actual value of bitcoin is, ether has clocked a 980% jump in price over the past years. Canadians across various age groups are trying to invest in ether today. Hereu2019s a guide to finding the best place to buy Ethereum in Canada!
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What Is Ethereum? Here’s The Best Place To Buy Ethereum In Canada
One of the second most valuable virtual coins. Ethereum has been through a volatile ride. Ethereum has stepped out of bitcoin’s shadow and since the last couple of years, has reached the top of all the altcoins. Although the value of Ether is a fraction of what the actual value of bitcoin is, ether has clocked a 980% jump in price over the past years. Canadians across various age groups are trying to invest in ether today. Here’s a guide to finding the best place to buy Ethereum in Canada!
What Is Ethereum?For the uninitiated, ether is a native cryptocurrency and it works on the ethereumblockchain. It is a decentralized, open-source software platform that has smart contract functionality.
What exactly is a smart contract? They are self-executing agreements that live on the blockchain. They are used to verify and record a range of transactions between buyers and sellers of the cryptocurrency. They don’t need any intermediary or central authority. Anyone who wants to deploy a smart contract must use ether as a digital currency to pay the fees. Ether is the fuel that makes the ethereumblockchainrun.At first, ether was designed to be used within the ethereumblockchain network. However, ether started to gain broader currency as a mode of payment when companies and vendors started accepting it for their goods and services.
Is Ethereum A Good Investment In 2021?The broadening of ethereum’s functionality, social media buzz and flashy newspaper headlines have intensified interest in ethereum. However, rather than obsess over its price movements, investors should focus on what ethereum can help build and the problems the technology can solve. The recent stock market volatility has pushed more investors towards ether, which has emerged as an asset class that can provide uncorrelated returns compared to traditional instruments.
Although, things could just as easily go pear-shaped if you try to play the momentum game. Investors should also know the crypto sphere remains a highly disruptive field. Ethereum has challengers that are trying to topple it with more sophisticated blockchains.
Best Place To Buy EthereumBuying and selling Ethereum in Canada is an intriguing option for many residents of this country who want to jump on the crypto-popularity bandwagon. For starters, the easiest and most practical option to buy ETH in Canada is to use Canadian-based crypto exchanges or those with global coverage that includes Canada.
Netcoins helps you set up a trading account for free. Be it Ethereum, XRP, Bitcoin or Bitcoin Cash, you can invest in all the digital cryptocurrencies with Netcoins. Even if you want to know, how to buy bitcoin in Canada. this is the best place for you. Simple and streamlined right from the get-go. Fund easily with Interac e-transfers, online bill payments, or bank wires. You can also deposit cryptocurrency straight into your Netcoins account.
Make instant trades, set limit orders and measure your portfolio balance all in one spot. It’s easy to withdraw your cash or crypto too. It’s never been easier to buy bitcoin and other cryptocurrencies!SOURCE CREDIT: https://netcoinscanada.wordpress.com/2021/10/07/what-is-ethereum-heres-the-best-place-to-buy-ethereum-in-canada/
