How do I get Ether (coin)?

How do I get Ether (coin)?

Edward   

There are two primary ways of obtaining Ether: buying it and mining it.

The most common and perhaps the most convenient way of buying Ether is buying it on exchanges. All you need to do is find an exchange that trades in Ether and operates within your jurisdiction, set up an account and use either your bank account, wire transfer or in some cases even your bank card to buy Ether tokens. Those will then need to be stored in a wallet, which can be provided by an exchange itself, Ethereum’s native Mist browser or by various other specialized services. Automatic exchangers Ethereum to PayPal

 USD at good rates. Alternatively, you can obtain Ether through peer-to-peer trading, paying for it with any agreed upon currency, including Bitcoin and other cryptocurrencies. This can be done both online and in-person. Peer-to-peer trading is rather popular among Bitcoin users. However, due to the virtually unlimited supply of Ether tokens and the Ethereum platform not putting complete user anonymity at the forefront of the system, Ether is usually obtained via exchanges.



Another way of getting Ether tokens is by mining them. Mining Ethereum uses proof-of-work, which means that miners contribute their computing power to solve a complex mathematical problem in order to ‘seal-off’ and confirm a block of actions within the network. Miners who manage to successfully complete this task receive a reward for every block mined.


Report Page