Connect with us
[crypto-donation-box]

Blockchain

Top 5 – The best Ethereum providers

This article gives an overview of the best Ethereum providers who accept Euros and US-Dollar as payment for Ether (ETH). They are selected primarily in

Der Beitrag Top 5 – The best Ethereum providers erschien zuerst auf ETHBLOG.

Republished by Plato

Published

on


This article gives an overview of the best Ethereum providers who accept Euros and US-Dollar as payment for Ether (ETH). They are selected primarily in terms of fees and simplicity. The providers are updated at a regular base.

In order to gain access to the digital gold Ethereum (ETH), newcomers have to overcome many hurdles. Starting from learning the basic mechanisms of cryptocurrency and its classification, to the setup of a wallet and the selection of a suitable provider, where you can finally exchange your Euros or Dollars for Ether (ETH).

Especially this last step often represents a bigger hurdle, because the market of suppliers is confusing and many elements have to be considered in order to finally find a serious provider, where you can also buy Ethereum Ether (ETH) at a good price.

Exchange of Euro or US-Dollar into Ether is complex

In addition, the exchange of Euro or US-Dollar in Ethereum is considerably more expensive than between cryptocurrencies such as Bitcoin to Ethereum. The reason for this is that whenever you want to exchange a large amount of Euro or US-Dollar in cryptocurrencies for the first time, an identification procedure must be carried out beforehand.

Not all providers have such a procedure and are therefore not allowed to accept large sums of fiat money as payment. This is primarily intended to comply with international money laundering legislation. Since it is relatively time-consuming and can take several days until you have taken the necessary steps, it is advisable to choose the right provider at an early stage and to register as soon as possible in advance. Otherwise it could happen that you can’t be ready for the next big wave, but have to wait for a long time because the crowd is too big.

Overview – Top 5 as of March 2018

The Top 5 Ethereum providers are a group of selected suppliers, where you can buy Ethereum Ether (ETH) as a beginner from our point of view with a good conscience. We take into account three different types of platforms and include at least one suitable provider from each group. The three groups are:

  • Fast exchange via currency exchange service provider: Here the supplier is also the direct trading partner, which converts the Euros or Dollars directly into Ether. Similar to an online shop. A very fast and uncomplicated exchange is possible and therefore this is perfect for beginners.
  • Best price via online exchange trading platform: Here, the online exchange merely provides a trading platform and acts as an intermediary for Ethereum buyers and sellers against Euro or US-Dollar. A little more training is needed here.
  • Extreme profits through leverage with a CFD broker: In this case, “virtual” Ethereum ETHs – so-called CFDs – are bought with Euro or US-Dollar. Exchange rate gains or losses are identical. Usually you can work with a leverage, which can multiply a possible profit (but also the risk). CFD do not require a wallet. CFDs are usually bought when you are interested in short-term profit taking.

The following table lists the top 5 providers (state March 2018. They will be discussed in more detail in the course of this article.

Provider Buy Sell Fees (buy) Type
Coinbase¹ easy easy 1.49 % exchange service
GDAX average average 0.3 % online exchange
Bitpanda¹ easy easy approx. 19% exchange service
CEX.io¹ average average 0.25 % online exchange
Plus500² average average only spread CFD-Broker

²Affiliate link. 80.5 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Plus500UK Ltd authorized & regulated by the FCA (#509909). CFDs are complex instruments and are associated with the high risk of losing money quickly due to the leverage effect. Between 74 % and 89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

You know a good provider that we don’t have in our lists and should take a closer look on next time? Then please send us a link to this page. Thank you very much!

Other providers

Of course, we know that there are many other good providers and the requirements and preferences are manifold. For the top 5, we have selected the providers that we consider to be the most suitable for beginners and for which you can currently register. It is quite possible that another provider will meet your personal requirements better. For beginners, however, we believe that these providers are among the best in their respective fields.

The criteria

We used different criteria to compare the providers.

The fees

The most important criteria is certainly the fee. Unfortunately, it is not obvious at a glance at all providers, which fees you have to pay for the exchange of Euro / US-Dollar in Ether. This is a legal grey area, because it is not mandatory to indicate it in this business. The exchange can also be interpreted as a “purchase “. In this case, there is only one price and no breakdown to exchange rate and fee, as it is the case with official exchange offices for national currencies. This of course, makes the fees even more intransparent. Some of them vary considerably from one another.

We made test purchases for you and then deducted the fees.

The on-boarding

“On-boarding” is the process from registration to exchange of Euros/US-Dollars in Ether. It usually consists of registration by e-mail and personal data, proof of identity and the indication and verification of the desired payment method (e. g. credit card or bank). The more extensively these steps are secured, the better it is for the provider, but the more costly it is for the customer. A good middle way should be the guiding principle here.

The location

Whether an Ethereum currency exchange provider has its business location in the EU / US or anywhere else in the world, plays an essential role in terms of trustworthiness. Especially when it comes to swapping large amounts of money and something is going wrong, you are well advised to make the company legally easier to reach. Whether this really works in the end is another thing. Time will show which providers will ultimately deal with their customers’ concerns seriously and responsibly.

Security and Reputation

We also take a look at the security standards of a rovider. Which measures he has set up and how the invests are secured against failure.

The Top 5 Ethereum providers

From our point of view, these are the Top 5 Ethereum providers, which are especially recommendable for beginners to make the first steps in a relatively reliable and safe environment.

Coinbase¹

Type (primary) Currency Exchange Service Provider
Location USA
Founded 2012
Number of users > 13 Mio
Effort deposit low
User interface easy
Effort payout low
Fees 1.49 %
Payment option SEPA-Transfer, VISA, MasterCard
Specials Online Wallet

With more than 13 million customers and a trading volume of over USD 50 billion, Coinbase is the largest provider of various cryptocurrencies in the world. Coinbase is both an exchange service provider and a trading platform (GDAX). The San Francisco-based company has a good reputation and is extremely easy to use. The company was recently valued at $1.6 billion. This makes it the first Unicorn among providers of cryptocurrencies.

However, there have been some problems with Coinbase lately: sometimes because of DDoS attacks, sometimes because of difficulties with credit card payments and sometimes simply because the customers’ demand was so big that the technology was not able to perform. But Coinbase has mastered all those problems and no Ether – at least officially – has been lost.

The biggest unique selling proposition of Coinbase is its online wallet. You no longer need to install and manage your own wallet. This makes setting up and purchasing Ether a cinch. According to its own statement, Coinbase has additionally insured all funds “hosted” in the online wallets against default at Lloyd’s of London. Thanks to a sophisticated mechanism, only 2% of the hosted funds are kept online and the rest is stored in separate offline wallets. This significantly minimizes the risk that all funds can be stolen at once, e. g. by a hacker attack.

So if you want to be part of the largest crypto trading platform and don’t want to install your own wallet, you should choose Coinbase.

Note: Using the link to Coinbase¹ provided here, we will both receive a bonus of 10 USD (approx. 8.50 EUR) on your first deposit of 100 USD (approx. 84 EUR). You don’t suffer any disadvantage – on the contrary: You will receive 10 USD and additionally support the further development of our websites. A win-win. We would also be happy if you could pass this link on to friends and acquaintances to support our blog.

GDAX

Type (primary) Online Exchange Trading Platform
Location USA
Founded 2012
Number of users > 13 Mio
Effort deposit low
User interface average
Effort payout average
Fees 0.3 %
Payment option SEPA-Transfer, Coinbase-Wallet
Specials
  • Belongs to Coinbase
  • Low fees

GDAX is Coinbase’s trading platform. Similar to other platforms such as Poloniex or Bittrex, this platform brings together buyers and sellers of cryptocurrencies. However, in contrast to the platforms mentioned above new registrations are currently permitted for GDAX and payment in Euros and US-Dollar is possible. The user interface is very clearly arranged and is easy to use. The special thing about GDAX is that you can also register there with your Coinbase account and then benefit from the much cheaper fees of the platform. In addition, you have full access to your Coinbase wallet and do not have to pay any transaction costs if you want to transfer money from your Coinbase Ethereum wallet to the GDAX exchange for trading.

Saving tip: First create a new account at Coinbase¹ and receive a credit of 10 USD (approx. 8,50 EUR) for your first purchase of Ethereum over 100 USD (approx. 84 EUR). If you would like to invest more later on, just sign up with your Coinbase account at GDAX and buy the remaining amount at a much lower fee. And with the reputation of Coinbase. Disadvantage: The GDAX surface is a bit more complicated and extensive than that of Coinbase.

Bitpanda¹

Type (primary) Currency Exchange Service Provider
Location Austria
Founded 2014
Number of users > 300,000
Effort deposit low
User interface easy
Effort payout low
Fees approx. 19 %
Payment option SOFORT-Transfer, Visa, MasterCard, NETELLER, Skrill, GIROPAY, SEPA-Transfer
Specials Offers an Online Wallet (like Coinbase)

Bitpanda was one of the first crypto currency providers in Europe. The formerly called Coinimal service from Austria is reliable and trustworthy. The interface is extremely intuitive and well designed. Onboarding worked excellently and quickly. An online wallet has also recently become available. The only drawback is that the fees are not clearly broken down and are usually very high.

But if you prefer a supplier from Europe, we definitely recommend Bitpanda¹.

CEX.io¹

Type (primary) Online Exchange Trading Platform
Location UK
Founded 2013
Number of users not stated
Effort deposit low
User interface average
Effort payout low
Fees 0.25 %
Payment option VISA, MasterCard, SEPA-Transfer
Specials Online Wallet

Founded in 2013, this provider comes from the UK and was formerly a cloud mining provider. It is one of the pioneers in this field. The support and security precautions are excellent. It is also one of the few companies registered with the Financial Supervisory Authority FinCEN (USA).

CEX.io¹ is the right choice for anyone who values a “traditional” and truly comprehensive secured broker with its head office in the EU and a clearly arranged user interface.

Plus500²

Type (primary) Online CFD-Broker
Location Israel
Founded 2008
Number of users > 310.000
Effort deposit low
User interface average
Effort payout average
Fees no commissions, fees for premium services, inactivity and overnight positions
Payment option Credit/Debit Card (Visa or MasterCard), PayPal, Skrill (Moneybookers), Bank Transfer
Specials
  • Leverage available
  • No wallet required
  • Focus on short term profits

Plus500² is a well-known Europe based online provider of CFDs. The company has been in existence since 2008 and offers a good structured and easy to use online platform. CFDs do not require a wallet. Although you can trade here with Ethereum you doesn’t own it. Nevertheless we have decided to include a CFD representative here. Especially for the realization of short-term profits it can be a very simple and lucrative alternative to the direct purchase of Ethereum. Particularly the so-called “lever” is an interesting possibility to trade for the price of 1 ETH, e. g. the equivalent value of 30 ETH or more!

If you would like to go even deeper into trading Ethereum CFDs, we have an article for you to read on: How to increase proft with Ethereum CFD?

For those who want to leverage short-term price increases at Ethereum without having to install and manage their own wallet, Ethereum CFDs from Plus500² are an ideal start. Please consider that the services of Plus500 are not provided for traders in the US (we are currently looking for a suitable alternative for US citizens).

²Affiliate link. 80.5 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Plus500UK Ltd authorized & regulated by the FCA (#509909). CFDs are complex instruments and are associated with the high risk of losing money quickly due to the leverage effect. Between 74 % and 89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Summary

The simplest supplier for beginners is Coinbase¹. Although it is in the middle of the field with fees, this provider scores points with his huge “community” and his online wallet. In addition, the connection to the GDAX online exchange is very convenient and reduces fees.

An attractive exchange service provider from Europe is Bitpanda¹ with an extremely intuitive interface and a quick onboarding process.

In the top 5 as well, Cex.io¹. The service scores with low fees and fast onboarding. The company is also based in the UK, and so still in the EU.

If you want to speculate even more, and want to leverage your profit growth, you should consider investing some of your money in Ethereum CFDs. This is relatively easy with one of the largest CFD vendors, Plus500².

If you already have more experience with Ether in general, you can try your hand at one of the trading platforms such as GDAX, Kraken, Poloniex or Bitfinex. Trading there is more complex than buying at an exchange service provider. However, the fees are usually cheaper.

Finally, a word about trading with Ether: Whoever buys Ethereum Ether (ETH) or CFDs should only invest the money he is willing to lose in the worst case. This article does not constitute investment advice. Please inform yourself comprehensively and responsibly before investing in cryptocurrencies or CFDs.

¹Affiliate link
Note: The content on ethblog.de is for information purposes only and does not constitute investment advice or any other recommendation within the meaning of the Securities Trading Act.

²Affiliate link. 80.5 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Plus500UK Ltd authorized & regulated by the FCA (#509909). CFDs are complex instruments and are associated with the high risk of losing money quickly due to the leverage effect. Between 74 % and 89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Stephan Niedermeier

Stephan is member and co-founder of Coinauten, a network of experts on cryptocurrency and blockchain technology. He has already founded several successful technology companies and is a Blockchain investor from the very beginning. Stephan advises investors and companies on strategic and technological issues.
TwitterLinkedInhttp://niedermeier.io

Latest posts by Stephan Niedermeier (see all)

Source: https://ethblog.de/en/top-5-the-best-ethereum-providers/

Blockchain

All Eyes on Ethereum

Republished by Plato

Published

on


One Ether now costs more than US$3000. Did you ever think you’d see the day?

You gotta hand it to the crypto markets: in some ways they’re comically predictable. A month ago, Ethereum was everyone’s favourite whipping boy, a bloated, expensive under-achiever that couldn’t even double its 2017 all-time high. Lol what a weakling.

And with competitors like Cosmos, Solana, Polygon and Polkadot nipping at its heels, perhaps this was the beginning of the end for the network that gave us smart contracts, ICOs, ERC-20 tokens, DeFi, yield farming, NFTs and, to be honest, the entire idea that blockchain was a multi-functional and era-shaping technological breakthrough that you ignored at your peril.

How things have changed. On Monday Ethereum blasted through the US$3000 mark like it was barely there, throwing on an extra 15% while it was at it. The network is now worth a shade under US$400 billion, putting it on par with Mastercard and Walmart, and officially making Vitalik Buterin, the 27-year-old prodigy who created Ethereum, a bona fide billionaire. So, is this how the Flippening begins?

Network to net worth

Due to the speed with which things move in crypto, we tend to underestimate some of the metrics that actually speak to a technology’s success. The new shiny thing is almost always more exciting than some dusty old contraption built in the positively prehistoric year of 2015. Did they even have electricity back then?

But Ethereum stands out from almost all other blockchains in that it’s already being used, at scale, by millions of people and companies. While that may seem like Business 101 – get more customers, be more successful – when it comes to blockchain usage is a particularly powerful factor because of the way it harnesses network effects to improve the value of the system itself. Use it more and the whole system becomes more valuable, both financially and practically, for the network’s users, miners, stakers, investors and developers. Oh, and Vitalik, of course.

How far we’ve come

Ethereum’s issue has always been its inability to scale. If you can’t handle hundreds or even thousands of transactions a second, then you’re not really fit for purpose as a global computer. The result for Ethereum has been a year of increasing network congestion and brutally high transaction fees. Yet the fact that so much continues to be built and transacted on Ethereum tells you exactly how strong these network effects already are.

There’s also an increasing focus on three major changes to the Ethereum network due to arrive before the end of the year:

  • EIP-1559: Lifts one of DeFi’s major innovations in the field of ‘tokenomics’ by implementing a token burn system on every transaction. You use the Ethereum network, you burn some ETH, never to be seen again.
  • Optimism: due for a full launch in July, the Optimism sidechain should significantly improve the speed of Ethereum by leveraging largely incomprehensible processes such as ZK-Rollups and Sharding. It’s already being used by the Synthetix protocol, where it has saved users over $10 million dollars in transaction fees.
  • Ethereum 2.0: This is the big one, Ethereum’s transition from Proof-of-Work to Proof-of-Stake. It’s been coming for years, but the importance of the change cannot be overstated. Already more than 4 million Ethereum are being staked on the Ethereum 2.0 contract, offering an insight into how much ETH might fall out of circulation once the entire thing goes live (potentially in November).

In short, Ethereum is just getting started. The price might seem gaspingly high right now, but remember that Ethereum isn’t trying to be Walmart or Mastercard. It wants to be the thing that Walmart and Mastercard are built on – and that’s a prospect worth having a stake in.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://blog.coinjar.com/all-eyes-on-ethereum/

Continue Reading

Blockchain

CARBON: A perfect avenue for showcasing talent

Republished by Plato

Published

on

Creative professionals sometimes find themselves figuring out where to showcase their creations and profit from them. 

It’s a tough situation to be in. But with CARBON, the dilemma is lessened. 

CARBON creates an avenue that gives creators both a place to show off their talents and a chance to earn money.

CARBON features an ecosystem of a global scale that integrates open finance, fashion, art, music, and non-fungible tokens (NFTs).

One of its objectives is to enable a community that can inspire, support, and reward professionals.

What the CARBON marketplace looks like

As what an ideal marketplace should be, CARBON has a lot to offer, helping emerging brands and artists have a shot even at the highest levels of competition they have to deal with.

Items related to fashion, art pieces, music, and digital assets such as NFTs are offered in the CARBON marketplace. A dedicated team will carefully select these products.

The market will also see exclusive collaborations featuring various artists and brands for physical commodities and digital items that will be dropped on a weekly basis.

As for its audience, they should prepare for a diverse experience brought by a market evolving into a global ecosystem.

About CARBON

CARBON was founded by Chad Pickard who also acts as its Chief Executive Officer (CEO). It is an open finance wallet and super ecosystem that is built for the whole world of fashion, art, music, and culture while also integrating digital assets through NFT offerings.

It has its native token, the $GEMS, and its wallet integrates Neobank functions like the financial technology company Revolut and a non-custodial smart wallet for decentralized finance (DeFi) and cryptocurrencies.

This integration allows users to hold fiat (government-backed) and digital currencies as well as NFTs in a single platform.

The wallet is linked to the market, giving users the ability to directly select items that they desire.

CARBON doesn’t just work as a marketplace where purchases can be made, but also as an avenue where professional creators get to showcase their talents and inspire others to promote their own. It provides them with a winning environment.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinerx.com/bitcoin/carbon-a-perfect-avenue-for-showcasing-talent/

Continue Reading

Blockchain

How Tokenplace can help crypto traders get the best buy and sell prices

Republished by Plato

Published

on

Any seasoned crypto trader knows that the price of a digital currency can vary across different exchanges worldwide.

Thus, one of the basic strategies for investing in digital currencies is to scout for the best buy or sell price and that’s where Tokenplace comes in.

Access to different crypto exchanges via one platform

To take full advantage of the price variance across exchanges, some traders often resort to opening accounts on different platforms. But Tokenplace eliminates this need because the platform allows one to access different exchanges worldwide.

This means that a user will only need his Tokenplace account and password to gain access to the entire crypto market. This is a lot simpler compared to having to main multiple accounts and passwords for other exchanges for different trading pairs.

Tokenplace is basically an online trading platform and exchange aggregator. With its automated order-splitting, orders are automatically broken up to ensure that traders get the best price for every coin they want to trade.

Easy to use and features-packed trading terminal

Tokenplace is also very appealing to newer investors because it is very easy to use. For instance, users will only need to access a single window for their deposits, withdrawals, trading, and exchanging.

The platform can be accessed from both desktop and mobile devices. Tokenplace’s onboarding and one-time registration process are also one of the quickest in the industry.

Tokenplace uses advanced algorithms for its multi-exchange order splitting feature. With this high-tech tool, users can get the best buy and sell price every time they trade.

Website: https://tokenplace.com/
Twitter: https://twitter.com/TokenplaceTOK
LinkedIn: https://www.linkedin.com/company/tokenplace

IMPORTANT NOTE: This is a paid press release, which BitcoinerX has posted as part of a commercial agreement. BitcoinerX is not responsible for producing this content and does not endorse the products or services mentioned. It is the responsibility of the company posting the press release to ensure the material is credible and accurate. BitcoinerX is not responsible for any damage or loss caused to anyone who chooses to use the company, product or services mentioned in the press release. BitcoinerX does not recommend using the information in the press release to form the sole basis of investment decisions.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinerx.com/blockchain/how-tokenplace-can-help-crypto-traders-get-the-best-buy-and-sell-prices/

Continue Reading
Blockchain2 days ago

Mastercard adds 6 blockchain payments startups to accelerator program

Blockchain15 hours ago

Major Law Firm CMS Adds Stratis (STRAX) to its Legal Accelerator Program

Blockchain2 days ago

Starcoll To Issue Limited Edition Star Wars Collectibles as NFTs

Blockchain1 day ago

Pro traders buy the Bitcoin price dip while retail investors chase altcoins

Blockchain2 days ago

S&P DJI Releases Bitcoin and Ethereum Indexes

Blockchain2 days ago

eBay could add a crypto payment option, says CEO

Blockchain1 day ago

China’s Central Bank to Partner With Alibaba’s Ant Group on Digital Yuan

Blockchain2 days ago

‘This ain’t no game’ as DOGE briefly flippens Nintendo and takes #4 spot from XRP

Blockchain1 day ago

Bitcoin Miners Moving Away from China, F2Pool Observes

Blockchain3 days ago

Iranian companies can now pay for imports with officially mined cryptocurrencies.

Blockchain3 days ago

CBDCs Could Harm Bitcoin But BTC May Replace Gold as a Store of Value: Deutsche Bank

Blockchain2 days ago

The Reason for Ethereum’s Recent Rally to ATH According to Changpeng Zhao

Blockchain1 day ago

Here Is Why XRP Volume Has Recover Across Payment Corridors

Blockchain2 days ago

Bybit Launches Ether (ETH) Cloud Mining Service as Demand Booms

Blockchain1 day ago

Another XRP lawsuit update: SEC accuses XRP Holders of ‘reciting’ Ripple’s litigation position

Blockchain2 days ago

Qredo raises $11M in seed funding to launch new cross-chain asset management infrastructure

Blockchain2 days ago

S&P launches cryptocurrency indexes, debuting with Bitcoin and Ether

Blockchain2 days ago

Singapore’s largest bank posts tenfold crypto volume growth in Q1 2021

Blockchain2 days ago

eBay is Considering Adding Crypto Payments & NFT Sales

Blockchain1 day ago

Modulus’ crypto exchange enhancement to eliminate money laundering in P2P transfers

Trending