Whenever you want to explore your opportunities regarding the cryptocurrency markets, the first thing that you would most likely want to do would be looking at live crypto prices. Why do so many traders and investors do that? Because the profitability of their investments depends on the price quotes in the first place. In the world of crypto markets, especially popular assets like ETH, there’s a lot of activity going on around the clock. That’s why if you look at the daily chart, or even squeeze the timeframe down to a few minutes of time, you might find that prices are constantly jumping around. So, naturally, some of you might think that buying or selling cryptocurrencies is not for the faint of heart. Have you ever tried to catch the best moment for making a transaction when the supply is big and demand is even bigger?
Of course, finding the right moment to act on your strategy might seem a difficult thing, but with a generous portion of your own research, you can do this. Then, the only step that’s left to do is to find a reliable place where you can exchange ETH to USD with the most favorable conditions.
Now let’s talk about how the CEX.IO price chart might be useful for your daily trading and long-term holding. Say, you’ve decided to enter the crypto markets and after a thorough analysis, you found that it would be good to buy Ethereum. By the way, you can use ETH as a means of exchange for the already wide variety of decentralized apps, but we will talk about them in a moment. Right now, it’s important to understand what do you do in your first few steps after you’ve decided to engage in the crypto economy.
If you want to know whether you should or shouldn’t buy the token right now, check out its price history as well as today’s price movements on the chart. For example, the price of Ether means the correlation of 1 ETH to USD. In other words, how many US dollars you would pay to get one ETH token. Same works if you need to make an exchange from ETH to dollars. The prices may go up or down, and depending on your plans, both situations can turn out to be favorable for you.
The price charts like the one you see on this page are convenient for use whenever you want to check the crypto values. The visual representation of the market data allows you to understand certain trends as well as assess the upcoming events and see how they can impact the activity on the markets. As you can see, the information updates in real-time so this way you can be sure that you’re moving together with the present situation and not missing out on the shifts.
Most people refer to Ethereum as cryptocurrency when there’s a slight difference between the organization itself and the native currency that they use for their own blockchain. So, to be clear, Ethereum is a blockchain platform, and Ether or ETH is its currency. ETH is the second-largest cryptocurrency by market capitalization after Bitcoin (BTC). And, with regard to the underlying technology, many traders find it even more interesting than the oldest Nakamoto’s coin.
First things first, while Ethereum is, similarly to Bitcoin, associated with the anonymous public ledger, its founders are, unlike Satoshi, real people. The public face of the network is Canadian Vitalik Buterin. This guy has become one of the youngest crypto billionaires (born in 1994) thanks to his contribution to the world of so-called open finance.
Ethereum is quite different from Bitcoin because it was the first-ever blockchain network to offer something more than just a digital analog of money. The concept of Ethereum might be hard to understand for non-tech-savvy people but, in essence, it has really introduced a new global system of decentralized finance. This was on time in our age of the increased use of online products and services when the number of transactions has become so high that traditional services simply couldn’t handle such a load.
Although many other networks these days offer the same thing with even wider adoption of the most common programming languages, Ethereum was the first one to introduce smart contracts. These are programs that have predetermined conditions and execute automatically on a blockchain.
Also, just like Bitcoin, Ethereum has started its operation with the help of a proof-of-work (PoW) consensus mechanism, even though they had a different process of mining. However, it still consumed much electricity power which leaves a large carbon footprint. As a result, the transition to Ethereum 2.0 denotes the shift to a proof-of-stake (PoS) consensus algorithm.
The first thing that you need is, of course, your personal account. Be ready to pass the procedure of verifying your identity. This is a regulatory requirement and it helps to maintain the utmost privacy and security of your sensitive data.
Note, that the first stage of verification on CEX.IO comes with some limits for deposit and withdrawal. This is a security measure that helps to protect your account against fraudulent activities. However, if you want to operate larger sums of funds, you can complete the other stages as well. This requires providing some additional information so that we know it’s really you who sends requests from your account.
Now let’s explore the possibilities of our services for buying crypto tokens.
This is a feature that allows you to instantly buy a convenient amount of tokens for the usual, real-world money that you have on your card. Just choose the amount that you want to have in your wallet and proceed with the payment. Make sure you’ve added the card to your account. Ideally, this should be the card that you regularly use for online operations. Once you do that, you will get ETH in your virtual wallet within a few seconds of time. A lot of users choose this method for its time efficiency because they don’t have to wait long for their transfers to settle.
If you have some fiat funds or crypto on your account balance, you can use an Exchange feature in the CEX.IO mobile app to convert one currency into another. The mobile app is suitable for people who want to stay in the know about all crypto opportunities throughout the day. You can take advantage of the market movements on the go without having to wait when you will have a chance to use the desktop version of our platform on a laptop or PC.
Use the Trade function if you’re interested in the trading with market or limit orders. If you have more experience in spot trading and working on building your portfolio, our Trade service is what you need. Watch the prices on a customizable price chart and make informed decisions. You can see the order book and many other parameters you might need all on the same page for your convenience. You can also mark the pairs that you choose to monitor as Favorites and have easy access to them anytime you need.
As you can see, buying crypto and trading them with CEX.IO is easy and intuitive for beginners as well as seasoned professionals. Keep in mind though that thorough research is the thing that you should have on your mind for more successful trading.