Will 2022 Be A Harvest Year For Ethereum? What You Should Know Before Buying ETH?
2022-04-14 09:57:05
How Do I Purchase Ethereum?
According to Hayes, the former BitMEX CEO, 2022 will be a big year for Ethereum (ETH), who considered that the network will act as a commodity-linked bond after the transition to proof-of-stake consensus. In his opinion, Bitcoin is just pure money that yields nothing intrinsically while the post-merged ETH is a commodity-linked bond. Also, Ethereum is better than not only Bitcoin but other L1 protocols, which are mostly overvalued. Plus, the transition scheduled to occur in the summer of this year will be the game-changer that puts Ethereum in front of its competitors. You may have heard of Ethereum due to the role it plays in the creation of NFTs (non-fungible tokens) or the multiple new all-time highs it has set recently. Now, more and more investors begin to add ETH in their portfolio.
How To Invest In Ethereum For A Beginner?
In general, there are few steps for a beginner to own Ethereum.
. Choose An Exchange
As the second-largest cryptocurrency, Ethereum is listed on most exchanges. But, it’s wise of you to choose the top exchanges that are secure and reliable, such as Binance, Coinbase, Gate.io and eToro. Different platforms come with different fees, security measures, and may include unique features. Take Gate.io as an example, it is the first exchange to invest millions in security and law funds to add extra protection for your assets, which protects your funds with both centralized and decentralized methods. You can buy and sell ETH and other 1400+cryptos instantly and safely with 20+ fiat currencies using bank transfers or your credit/debit card.
. Fund Your Account and Purchase ETH
In any exchanges, you need to provide some personal information and verify your identity to sign up for an account. Then you can connect your bank account or credit/debit card to fund your account. After that, you’ll be able to buy Ethereum. Simply put, the amount of fiat currency like USD you’d like to trade for Ethereum.
Is Ethereum A Good Investment In 2022?
In many investors' eyes, Ethereum technology is at the core of most blockchain applications, and will play a significant role in the future of finance and other industries. So, exposure to Ethereum technology will be a potentially profitable addition to your investment portfolio. According to some experts, in terms of the yield from staking Ethereum, 2022 will see an APR of around 8–11.5% after the transition. Nevertheless, cryptocurrency is a highly volatile, speculative investment. You should make sure you have enough risk tolerance before you buy Ethereum. Make sure not to put yourself at the expense of any other financial goals like paying off debt or saving for retirement.
According to Hayes, the former BitMEX CEO, 2022 will be a big year for Ethereum (ETH), who considered that the network will act as a commodity-linked bond after the transition to proof-of-stake consensus. In his opinion, Bitcoin is just pure money that yields nothing intrinsically while the post-merged ETH is a commodity-linked bond. Also, Ethereum is better than not only Bitcoin but other L1 protocols, which are mostly overvalued. Plus, the transition scheduled to occur in the summer of this year will be the game-changer that puts Ethereum in front of its competitors. You may have heard of Ethereum due to the role it plays in the creation of NFTs (non-fungible tokens) or the multiple new all-time highs it has set recently. Now, more and more investors begin to add ETH in their portfolio.
How To Invest In Ethereum For A Beginner?
In general, there are few steps for a beginner to own Ethereum.
. Choose An Exchange
As the second-largest cryptocurrency, Ethereum is listed on most exchanges. But, it’s wise of you to choose the top exchanges that are secure and reliable, such as Binance, Coinbase, Gate.io and eToro. Different platforms come with different fees, security measures, and may include unique features. Take Gate.io as an example, it is the first exchange to invest millions in security and law funds to add extra protection for your assets, which protects your funds with both centralized and decentralized methods. You can buy and sell ETH and other 1400+cryptos instantly and safely with 20+ fiat currencies using bank transfers or your credit/debit card.
. Fund Your Account and Purchase ETH
In any exchanges, you need to provide some personal information and verify your identity to sign up for an account. Then you can connect your bank account or credit/debit card to fund your account. After that, you’ll be able to buy Ethereum. Simply put, the amount of fiat currency like USD you’d like to trade for Ethereum.
Is Ethereum A Good Investment In 2022?
In many investors' eyes, Ethereum technology is at the core of most blockchain applications, and will play a significant role in the future of finance and other industries. So, exposure to Ethereum technology will be a potentially profitable addition to your investment portfolio. According to some experts, in terms of the yield from staking Ethereum, 2022 will see an APR of around 8–11.5% after the transition. Nevertheless, cryptocurrency is a highly volatile, speculative investment. You should make sure you have enough risk tolerance before you buy Ethereum. Make sure not to put yourself at the expense of any other financial goals like paying off debt or saving for retirement.
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