With the cryptocurrency boom that has gripped the world, there has been a precedented growth of multiple cryptocurrencies that battle with each other to gain dominance among the investors. Currently, there are around 5000 different kinds of cryptocurrencies in almost 20,000 different markets for investors to choose from. Since its beginning in 2009, Bitcoin has been the leader in cryptocurrencies and has gained a substantial amount of trust among its investors and traders. But over the course of the last several years, many different cryptocurrencies like EOS, Dash, and Golem have gained a substantial foothold in the exchange markets and are bound to attract a lot of investors over the course of time. The most notable among them is Ethereum and its increasing growth as an underdog in the cryptocurrency race.
What is Ethereum?Ethereum is a global, decentralized platform for money and new sorts of applications. On Ethereum, you can write code that regulates the money, and build applications accessible anywhere in the world. Ethereum (ETH) is both a cryptocurrency and a functional decentralized environment that truly made a revolution in the whole IT industry.
The internal currency of the program is Ether, its abbreviation is ETH. Ether is practised not only as a unit of account. It also ensures the execution of smart contracts, playing the role of a “fuel” for the network. In terms of support and prevalence, ETH is now at the top of the existing digital currencies on the market.
Why Buy Ethereum in India?
Ethereum also has a unique purpose as compared to Bitcoin and similar cryptocurrencies. Although Ethereum can also be regarded as a digital currency, its primary motive is to facilitate and monetize the operations within its platform rather than establishing itself as an alternative currency. Even though Ethereum shouldn’t be regarded as a competition to Bitcoin and similar cryptocurrencies, its popularity among the investors soon pushed Ehtereum right behind Bitcoin in terms of market cap and is competing against all cryptocurrencies as of now. Even though Ethereum might rank second on the cryptocurrency rankings, the Ethereum market cap of $25,483,988,714 USD is much less than that of the Bitcoin market cap of $168,259,882,356 USD but is still way more than the Dash market cap of $650,015,908 USD and Golem market cap of $49,535,134 USD.
How to Buy Ethereum in India?Ethereum can be easily brought from different top crypto exchange platforms that exist over the internet. Since Ether is the second most valued cryptocurrency on the market, it is fairly easy to come across a program that would operate within the jurisdiction of the law of the land. There are many exchange platforms that exist in India that provide investors and traders a medium through which they can acquire Ether. Ether can be bought using fiat currency. As of 30th June 2020, the amount of 1 Ether to INR is at 17,155.54 INR. Exchange platforms give Ether for the stipulated rates with a minor fee for providing their services.
How to buy ETH with a credit or debit card1. Go through the registration process of the exchange;
2. On the landing page, select location and desired payment method;
3. Choose a trader or create an advertisement;
4. Complete the trade and receive ETH in your wallet.
Uses of Ethereum in IndiaEthereum is usually sought by developers who are intending to create and run applications inside Ethereum. Investors also utilize Ethereum as a means to monetize work inside Ethereum and to codify, secure, and trade nearly everything inside the platform. Ethereum also partnered with Microsoft’s ConsenSys and thus giving Microsoft Azure users with Ethereum blockchain as a service and hence providing them with quick access to a cloud-based blockchain developer environment.
The research is conducted in a variety of methods including in-depth expert analysis, comparison, and continued monitoring of the exchanges’ offering and services. It is for this reason that Shiftal is perfectly placed to help our traders choose reliable cryptocurrency exchanges to work with.
The advantages of buying from us:- Simple service to buy ETH
- Facility to buy Ethreum (ETH) with a credit/debit card or other payment methods;
- We are round the clock customer assistance;
- Fast and safe transactions;
- Escrow Protection.
- Regulated Exchange.
Our service does not collect any details of our client’s banking transactions. Moreover, we do not even see the details. All fiat transactions are conducted in accordance with strict security norms and traders are protected through the Escrow system.
Original Source: https://www.shiftal.com/blog/how-to-buy-ethereum-in-india/