While Bitcoin is the top cryptocurrency based on the value of its coins in circulation, Ethereum is also popular among crypto investors. It’s the second leading form of cryptocurrency and has support from business leaders such as Mark Cuban, the US billionaire entrepreneur and television personality.
If you invested $US1000 in Ethereum in August 2015, your investment would be worth $US2.23 million almost six years later.
Nevertheless, it has slumped considerably in 2022 alongside other crypto currencies, and is down more than 70% from its all-time high last year. In June alone, Ether fell 45 per cent.
If you do decide to buy Ethereum, proceed with great care: As the Federal Government’s Moneysmart website makes clear, crypto is a volatile asset and is not regulated by the Australian Securities and Investments Commission (ASIC).
If you still wish to buy, here’s how to get started buying Ether, the official name of the token more commonly called Ethereum because of its association with the Ethereum platform that it powers.
Buying Ethereum
Investing in Ethereum may be easier than you think. Here’s how to get started in five steps:
1. Determine Your Level Of Risk
There’s no getting around it – buying Ethereum is a gamble. While all investments have some risk associated with them, cryptocurrencies are especially vulnerable to price fluctuations. Just think about the impact a couple of hundred characters can have on crypto…
