How to Trade Ethereum

History of Ethereum

Ethereum was founded by 26-year-old Canadian-Russian programmer and researcher Vitalik Buterin, who was only 19 when he first proposed the technology in a whitepaper in late 2013. The co-founder of Bitcoin Magazine, Buterin had originally proposed a scripting language for Bitcoin. When that didn’t generate enough support, he decided to develop a new platform instead.

Purpose of Ethereum

Ethereum is more than just a cryptocurrency. It’s a smart contract platform, which is used to create decentralized applications (DApps). Hundreds of DApps are built on Ethereum, and used to create assets, decentralized property, virtual worlds, and web apps that can’t be censored. New kinds of digital money, like tokens and stablecoins, are built on the Ethereum blockchain ecosystem as well.

How to Trade Ether

Ether tokens are often referred to as “gas” … both because Ether provides the power to run the Ethereum network, and because “ether gas” is a cute play on words harkening back to the days when such a substance was used as a general anesthesia.

Here are four ways you can trade Ether:

  1. Purchase ETH at an online exchange (you need to wait for your bank verification and approval to go through first, which can take a few days).
  2. Purchase ETH instantly with cash at a Bitcoin ATM, like a Coin Cloud BTM.
  3. Trade bitcoin or another cryptocurrency in for Ether (you can do this online or at a Coin Cloud machine).
  4. Sell your Ether for cash at a Coin Cloud Bitcoin ATM (most Bitcoin ATMs do not let you do this, but Coin Cloud machines do).

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Coin Cloud

Coin Cloud

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The world’s leading operator of two-way Digital Currency Machines (DCMs), more advanced Bitcoin ATMs.