Electronic money has become widespread in most countries of the world. The impetus for the development of electronic money on a global scale was the spread of the Internet and the active development of information technology in the financial sector. In addition to traditional financial intermediaries in a number of countries, mobile operators and international payment systems such as VISA or MasterCard are also active participants in the electronic money market. For example, mobile providers can act as representatives of a bank, purchasing and distributing electronic money as official intermediaries (agents).
The development of electronic money, on the one hand, is beneficial for the users themselves, as it saves time and reduces the cost of transactions, as well as simplifies payments in non-cash form. On the other hand, electronic money makes it possible to expand the ability of banks to provide new products, increase the volume of transactions and their customer base. In connection with the above, the issue of buying Ethereum with dollars is currently relevant. People are often puzzled by the questions “How to buy Ethereum with debit card?”, “What is the easiest way to buy eth with credit card?”, “Can I buy Ethereum Visa or MasterCard?”, etc. We are pleased to inform you that you may easily buy Ethereum on the website switchere.com/exchange/buy-ethereum. The fast online service Switchere.com was designed to enable customers to buy, exchange, and convert cryptocurrency instantly and securely. In this article, we will consider the peculiarities of using its unique services in more detail.
General Characteristics of Ethereum
The cryptocurrency that operates on the Ethereum platform has gained immense popularity today. It is the altcoin of the first crypto (Bitcoin). However, the Ethereum system, in comparison with the Bitcoin system, is based on the work of smart contracts, which are special computer codes that determine the movement of money, stocks, electronic documents, and other assets in the virtual space. The program code in the blockchain system works independently under certain conditions. This, in turn, determines the transparency, openness, and speed of the system. Thus, the Ethereum platform allows not only making payments and transfers of virtual money but also performing other functions based on blockchain technology. For example, develop applications for e-voting or electronically record fixed assets. On the basis of the Ethereum platform, you can quite simply create various kinds of applications that work on the principle of distributed ledgers. While the Bitcoin platform works with only one application for storing and executing transactions in cryptocurrency – Bitcoin. Ethereum also issues its own cryptocurrency – ether. It is used as a regular digital currency for making various kinds of payments. It is also purchased by application developers to gain access to the functionality and service of Ethereum.
How to Purchase Ethereum with USD?
As it was already noted above, you can easily buy EST with USD on the best online converter Switchere.com. To do this, you need to go through only four steps:
1. Registration and verification. In order to buy an ethereum, you need to register on the platform. Click on the ‘Register’ button and fill in the fields that are open. Send your email address. After its confirmation, you can make exchange transactions on the site;
2. Account replenishment. Next, you need to top up your account balance in order to
make money transactions.
To do this, enter your id, go to the Wallet section, and select the desired currency. The service Switchere.com supports replenishment in the following currencies: USD (US dollar), EUR (euro), RUB (Russian ruble), UAH (Ukrainian hryvnia), PLN (Polish zloty), TRY (Turkish lira), etc. When you select a currency, you will see the available methods of crediting it to the balance (via Qiwi, AdvCash, Yandex Money, Payeer, Visa credit or debit card, etc.). Choose the most suitable method there;
3. Buying a coin. After the funds have been credited to your account balance, you can start purchasing ether. To do this, select a pair of ethereum with the fiat currency with which you will buy coins. To receive the ethereum currency, fill in the ‘Quantity’ field, indicating the required number of coins. The ‘Total’ and ‘Commission’ sections are filled in automatically;
4. Balance check. The message about the purchase of the ethereum indicates that the buying process is successful. Benefits of Buying an Ethereum with USD
By purchasing Ethereum on the site Switchere.com, you get a number of advantages, in particular:
● Instant performance;
● Possibility to conduct transactions anonymously;
● Lowest fee. You only pay the commission. No prepaid and hidden fees;
● Easy investment instrument;
● Low exposure to country risks;
● The flexibility of distributed ledger systems.
Ethereum Wallet: Reliable Storage Tool
Ethereum cryptocurrency is gaining popularity very actively today. In this regard, users who buy it with USD have questions about how to store Ethereum securely and reliably. Wallets are considered to be the best way. Several years ago, it was a challenge to find a suitable wallet for Ethereum storage. Only a few types of wallets were offered, and their use was not widespread due to the complexity of the functionality. But soon the system of electronic currency Ether showed promising growth and took second place after the Bitcoin cryptocurrency. There are many wallets now. Some of them, in addition to storing Ethereum, provide a reliable exchange of this currency through various transactions with other users. Practice shows that all existing wallets for working with Ethereum can be divided into two
1. Stationary wallets. To start effectively using a stationary wallet, you first need to download the installation file to your device, open it, and install the program. The main feature of stationary wallets is their increased security and high reliability. However, in addition to being completely protected, the user can get disadvantages. For example, using the wallet is impossible in case of using another device;
2. Online wallets. This is the most widespread and useful way to store Ethereum. Before you start using an online wallet, you need to register it on a specialized service that offers online storage for Ether. It is important to provide true personal information to ensure security. The advantage of an online wallet is the ability to use it from any device. In addition, online wallets provide multi-currency capabilities.
That is, you can store not only Ethereum but also many other cryptocurrencies simultaneously. So, now you know the place where you can buy ethereum with dollars without any problems. Use the quick services of the secure site Switchere.com and get benefits!