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4. Buy Ethereum
When you’re buying stocks, mutual funds or exchange-traded funds (ETFs), you’re limited by market hours. For example, NSE’s trading hours are 9:00 a.m. to 2:00 p.m. and the exchange is closed on weekends and certain holidays.
Cryptocurrencies like Ethereum work very differently: Because they’re decentralized currencies, you can buy and sell them around the clock.
To purchase Ethereum, enter its ticker symbol—ETH—in your exchange’s “buy” field and input the amount you want to buy. If you don’t want to buy a whole Ethereum token or don’t have enough money in your account for a full coin, you can purchase a fraction of one. For example, if the price of Ethereum is $2,000 and you invest $100, you will purchase 5% of an Ether coin. This is just like when you purchase a fractional share of a stock.
5. Store Your Ethereum
After your purchase of Ethereum has been processed, you have to store your cryptocurrency. While some platforms will store it for you, some people opt to store their investments themselves to reduce the likelihood they will lose their crypto to a hack. This is understandable, but it’s also important to note that most major exchanges do insure their clients’ holdings and often store the majority of their assets offline to prevent massive theft. What’s more, historically exchanges that have been hacked have reimbursed any losses.
But if you want peace of mind surrounding your crypto, you can choose to move it to one of two types of third-party wallets:
Hot Wallet: A hot wallet is connected to the internet and can be accessed from a computer or smartphone. They’re convenient and are usually provided by cryptocurrency exchange platforms at no additional cost, though you can also use your own if you’d prefer having your crypto off of the exchange. However, because they’re still connected to the internet, they’re at a higher risk of security breaches.
Cold Wallet: Cold wallets, meanwhile, are external devices completely disconnected from the internet. Depending on the type you choose, they usually cost between INR 1500 and INR 39,000 though there are even more expensive versions available. While cold wallets are less convenient than hot wallets—you have to manually connect them to the internet each time you want to access your crypto—they’re safer and may make sense if you own a significant amount of Ethereum or other cryptocurrencies.
#ContentStar##GateioBountyCreator##HotTopicDiscussion##GateLive# Crypto Markets On A Road to Recovery
Overall, the crypto market has shifted from “greed” to “neutral” and now it is “fear”. The world’s largest cryptocurrency, Bitcoin, is now hovering around the much-restricted levels of $25,947 as of September 13, 2023, after touching the $31,000 mark on July 04, 2023.
On the other hand, Ethereum has also shown signs of recovery, corrected a bit and was above the $1,850 level. Ethereum which marked its highest peak since August 2022 after touching the $2,100 level in mid-April 2023. This rally was seen immediately after the successful launch of the ETH hard fork “Shapella”, which can transform the landscape of the crypto coin Ethereum and its applications. Currently, ETH is trading almost 0.99% down and forming a strong resistance at $1,850 levels.
The cryptocurrency market gets usually volatile when it comes to announcements from the US Fed, as crypto experts closely keep an eye on such major developments which can directly impact market liquidity factors and as increasing interest rates can possibly sting equities, commodities and also cryptocurrencies.
Earlier this month, the market witnessed massive support due to several optimistic factors such as inflation-tackling methods and the weakening dollar index in the U.S., which boosted the overall sentiments.
However, if we observe the broader level, then the entire cryptocurrency market including BTC and ETH are showing very little signs of recovery. Moreover, ceiling and interest rate hikes in the U.S., and the inflation data had put the crypto traders in a daunting position. But now crypto markets as a whole, leading the path to resistance before the high jump.
#ContentStar##GateioBountyCreator##HotTopicDiscussion##GateLive# 
