Buy Ethereum (ETH) - how to invest in Ethereum in India

How to buy Ethereum (ETH)?

Cryptocurrency is a revolutionary new kind of money. Like any other currency or unit of account, it has value only because people believe it has value as a unit of exchange.

Some money is backed by gold or other precious metals, others are not backed by anything, but it has value because people attach value to it and use it as a unit of exchange. Traders use crypto to make money by speculating on its price.

Cryptocurrencies were developed as a unit of exchange and a place to store assets that do not depend on central banks.

When you buy Ethereum, you will want to know its benefits and why this currency is so popular. Let's take a look at the history.

In 2013, 19-year-old Vitalik Buterin, co-founder of Bitcoin Magazine, first presented his vision of a next-gen crypto-platform. Not only did he manage to develop the blockchain system used in bitcoin into something bigger, but he also managed to convince others to join him and create a platform called Ethereum. 

The main thing about Ethereum was not so much the ether (ether) coins, but rather the smart contracts. These are special programs that are executed when certain events occur. A simple betting game was used as an example: two members of the network bet on the outcome of a football game. After its completion, a smart contract is executed and the winnings are automatically distributed according to a predetermined algorithm.

How to start investing in Ethereum (ETH)?
How to start investing in Ethereum (ETH)?

Ethereum was originally developed as a universal tool. Moreover, as a new platform, it was able to get rid of some of bitcoin's problems. For example, transactions conducted through the Ethereum blockchain take 20-30 seconds to complete, whereas Bitcoin takes about 10 minutes to complete.

Ethereum is the second most popular cryptocurrency. The cryptocurrency's coins are called ether and are referred to as ETH. Right now, the total value of all the coins is over $22 billion, which is half the price of bitcoins. Therefore, to invest in Ethereum is profitable and promising.

Ether's cryptocurrency, Ether, is not used as a means to pay for a good or service, but as a resource with which to enforce smart contracts. Ether is not only used as a resource, but also as a trading object in the cryptocurrency market. The price of Ether is made up of demand and transaction volumes.

What does the price of a cryptocurrency depend on?

When comparing cryptocurrency to regular money, digital currency wins significantly. This is because over time, conventional money experiences inflation, which can be exacerbated by central banks. Cryptocurrency, on the other hand, only undergoes the opposite process - deflation over time. This is influenced by the constant growth of global production and its limited volume in the market. Thus, it generates demand, which determines the price of cryptocurrency.

The next thing you need to know when you are considering buying ETH is what type of trading you want to do. Do you want to buy the asset and own it as an investor, or do you want to make a quick profit, and you don't need the asset itself. Let's look at the types of investing and profiting from this currency in the next chapter.

How to invest in Ethereum (ETH)?

If you think it would be a good idea to invest in Ethereum in India, you will find this article useful. What does it mean to invest in a general sense? When you make a trade in the market, it means you buy a commodity at a certain price which you believe will increase in value over the next few minutes, hours, days, months or years. It is no coincidence that the time list is so long. You need to decide if you are after a quick profit or a sustainable investment in the long term. This will directly determine how you can make money with cryptocurrency.

Ethereum Trading Platform (ETH)
Ethereum Trading Platform (ETH)

Investing

Investing is generally considered to be a long-term method of making a profit. This applies to any asset, be it real estate, stocks or cryptocurrency. 

The potential for profit can be enormous. You just need to know how to invest correctly and take a few steps. 

Briefly, they look like this:

  • Choose an exchange or exchanger to buy the asset itself, for example, the Binance exchange is very popular and has proven to be a reliable partner.
  • Analyse the best moment to buy ETH.
  • Buy the asset.
  • Transfer it to your crypto wallet. Then you wait for the asset to rise in value, and you can resell it at a higher price. No one knows exactly how long you will have to wait, you take all the risks yourself.

Like any cryptocurrency instrument, Ethereum can be quite an attractive investment. Of course, this is not without merit. This is influenced by its advantageous characteristics, such as:

  • Comfortable programming;
  • Openability;
  • Ability to manage transactions;
  • Transparent operations;
  • Widely available;
  • Sufficient security;
  • Fast performance;
  • Low costs;
  • Good development prospects.

Such a list is quite impressive for investors who would like to participate in a cryptocurrency exchange.

Trading

Trading is commonly understood to be short-term trading, in which traders actively open and close positions for relatively short periods of time.  A minute or more.

Trading is also an investment, but it can take place without buying the asset itself and with a smaller investment.

For this kind of activity, you can use a brokerage platform that offers you dozens of different assets for trading CFDs.

What is a CFD?

A CFD is an agreement between a trader and a broker. If a trader buys a CFD for bitcoin, he does not own the cryptocurrency itself. He only owns the contract, which specifies the price at which he bought the coin. At any time, the trader can close the position and return his contract to the broker. If his forecast is correct, he will get a corresponding reward. In the case of an error, the same amount will be deducted from his account. With CFDs traders can bet on both rising and falling prices.

Another important advantage of using this kind of trading platform, is that it allows you to diversify your assets easily. There is a popular method of diversification, such as putting some funds into a wide range of different types of investments. 

How to successfully trade on the trend?

A market trend is the general direction in which the price of an asset moves. In technical analysis, market trends are usually identified by price behaviour, trend lines or even key moving averages.

Invest in Ethereum in India
Invest in Ethereum in India

One of the important concepts in trading is trending. Trend trading is also one of the main ones.

There are two main types of market trends: a bull market and a bear market. A bull market is a steady upward trend when price is rising. A bear market is a steady downtrend when price is falling. Consolidation markets, or "sideways" markets, can also be defined when there is no clear trend.

On the platform you will find a variety of charts and indicators, as well as a simple live chart with real-time quotes, to help you track the best time to buy and therefore increase your profits. You can find out more in the video tutorials on the platform, which are provided to platform users as part of the training, free of charge.

How safe is it to invest in Ethereum (ETH)?

Many experts say that the biggest drawback with Ethereum is the security issues that arise due to the cryptocurrency's relatively recent emergence and the property of being flexible. Extensive specialisation leads to a large number of weaknesses.

For your investments to be completely safe, all you need to do is work with a reliable and proven trading platform. Since you are not buying the asset itself, using CFDs, you have nothing to fear.

A good broker's platform is licensed and fully fraud-proof, with all data encrypted and not shared with third parties. 

CFD. So, from the latest Ethereum news, there is an excellent outlook for the cryptocurrency, which has versatile tools that can be applied in different areas. This will create more and more demand and hence more value.

Ethereum can also have an additional advantage in terms of investment policy. It can be used to diversify one's portfolio in the cryptocurrency market.

How to start investing in Ethereum (ETH) ?

There are many reasons why people start exploring the world of cryptocurrency. Some use it as a hedge against inflation, others use it to reduce investment risk, others use it simply for fun. How to start investing in cryptocurrencies is an important question. 

So, the opportunity to buy Ethereum in India is there for everyone if you have the right tools. If you are looking for a good place to start trading, you can follow the link at the bottom of this article to get acquainted with one of the best brokerage platforms. 

Registration of the platform
Registration of the platform

Millions of users have already appreciated working with the broker and continue their trading day in and day out, you can also appreciate it just by using the free demo version!

The first thing you must do to use the platform is of course register. In order to do so, you must:

  • Enter your name and email address in the required fields.
  • Wait for a confirmation email.
  • Follow the link provided in the email, and you will automatically find yourself back on the platform in your Live Account.

How to open a Demo account?

To open a Demo account, you just need to click on the button indicating you want to open a demo account. The system will automatically credit this account with the amount of money you will be using for trading. 

How to open a demo or a real account
How to open a demo or a real account

This will allow you to try trading on the platform without spending your own money and get familiar with the specifics of the instruments.

How to open a brokerage account?

To open a live brokerage account you will need a few dollars, usually the minimum deposit set by the broker is around $10. You push the button "deposit to account" in your personal profile and the system will tell you what to do next:

  • You need to choose a convenient method of payment, whatever it may be, be careful when you fill in requisites. As a rule, users choose the easiest method of payment - by card.
  • The broker also has the right to ask for more information about you, for full verification. This is part of the security program, so just follow the system's advice.
Deposit replenishment
Deposit replenishment

Once the money has been transferred to your account, you can start trading, all profits will also be deposited to this account, and you will then be able to withdraw profits from it.

Use leverage if you want to make a trade, and you see a promising asset and price, but you don't have enough money in your account. There is a function for this, which is provided by the broker himself. Simply put, you borrow a sum of money from the broker under certain conditions. For the exact terms and conditions, see the platform before you make the deal. 

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