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2020 Beginner's Guide: Easy Ways to Buy Ethereum

2020 Beginner's Guide: Easy Ways to Buy Ethereum

22 Oct 2020

Reading Time: 2-3 minutes

2020 has not been a good year, and in many people's minds, it is the worst year because of bushfires, flash floods and COVID19 making our lives that much harder.

An added side effect of the COVID restrictions was the loss of jobs for many retail and hospitality workers. Along with many others who were forced to either close their business or go into temporary furlough.

Money is an issue for every person right now. But what if you could make a stable investment that will give you profit and will grow overtime? An investment that you could track daily from the comfort of your home?

I am sure many of you have heard the term "cryptocurrency" but might not be sure what really it is. Here are some brief points about online cryptocurrency.

  • Cryptocurrency is just like regular money, except that it is not physical.
  • There are many types of cryptocurrencies.
  • Cryptocurrency increase and decrease in value, similar to stocks.
  • Anyone can buy or mine them.
  • It is easy to learn.

One of the best cryptocurrencies you can buy in 2020 is Ethereum as it is rising in popularity, but how do you track and buy Ethereum? Buying cryptocurrency is a lot like buying stocks, and many different sites offer different deals. So, your first step should be researching where you will get the best deals for your desired currency.

Ethereum has surged in popularity in the last six months and has continued in an upward trend making it one of the best cryptocurrencies to buy in 2020 and is the perfect start for anyone interested in crypto investment. 

The price of Ethereum is at its highest of the year, sitting around $450 per token, but dipped as low as USD 177 in early March.

Buying cryptocurrency is something a lot of people are very new to, and such may be extremely cautious when deciding which crypto to buy. Our advice is to use our crypto tracker and see which currencies are worth to invest. Everyone knows the old expression "buy low, sell high" which sounds simple enough but just like the stock market, some cryptocurrencies can be unpredictable.

Investing in property and business was once the norm but recently investing in cryptocurrency has become popular, thanks to the mainstream media doing several reports on Bitcoin in late 2017. This was when one Bitcoin reached almost USD 20,000. This prompted many people to invest heavily in which it inevitably leads to decrease in value over the next few months.

As with all investments, there is an inherent risk, so we advise anyone who is considering getting into the world of cryptocurrency to do their research. There are several videos and blogs available on our site for those who want to further their knowledge in buying and selling cryptocurrency.

Interesting Information

  1. Ethereum is expected to continue its rise in value over the next 10 years.
  2. Ethereum is not just a cryptocurrency, it is also a development tool that many tech giants love to use.
  3. Unlike Bitcoin, there is no real limit to how much Ethereum you can mine, the only limitation is that you can only mine 18 million Ethereum per year.

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