Posted: Fri 1st Dec 2023

How to buy ETH online with Wirex 

News and Info from Deeside, Flintshire, North Wales
This article is old - Published: Friday, Dec 1st, 2023

Are you intending to invest in Ethereum? Wondering whether to invest in ETH or Bitcoin? You are in the right place at the right time. In this article, we will discuss how to buy Ethereum online, its value, and exchange rate and compare it with other cryptocurrencies regarding investment potential and material benefits.

Details about Ethereum (ETH)

Strictly speaking, Ethereum can mean two things:

 

  • The Ethereum network as an open-source blockchain-based software platform that allows developers to create smart contracts and decentralized applications.
  • Ethereum as a cryptocurrency created on the Ethereum platform. In this article, we are looking at ETH regarding investment opportunities. When someone talks about buying, selling, investing, or making payments in Ethereum, they refer to the cryptocurrency ether.

Which is better to invest in – ETH or BTC?

Bitcoin has a larger market share than ether, although the latter is technically better. Bitcoin’s share advantage is only because it came first. Nevertheless, is ETH a more attractive investment than BTC in the long run?

 

Here’s a look at the critical differences between the two cryptocurrencies:

 

Bitcoin Ethereum
Ticker BTC ETH
Current price $8900 $188
Historical high $19,783 $1400
Coin limit 21 million None
Purpose  Digital money  Smart contracts
Algorithm SHA-256 Ethash
Average block creation time 10 minutes 12 seconds

 

As you can see, Ethereum is cheaper than Bitcoin, but it has a more advanced algorithm and shorter block creation time.

 

The purpose is the important difference between BTC and ETH. Both cryptocurrencies are based on blockchain technology, but Bitcoin has only one goal – to be a kind of digital money for exchange between people.

 

Bitcoins are exchanged manually. For example, person A sends 10 BTC to person B. As for Ethereum, it forms part of a smart contract.

 

A smart contract is a program that sends ETH automatically to the recipient if certain conditions are met: work is done, a document is signed, a particular day or time has come, etc. This allows us to realize much more complex financial agreements in the Ethereum network. Investing in ether should be considered as investing in blockchain technology.

How to invest in ETH in the UK?

To invest in ether in the UK, you must find a crypto exchange that accepts payments from UK bank accounts. For example, Wirex accepts payments from the UK.

 

Due to the difference in national cryptocurrency trading laws, exchanges can only work with some countries. As a rule, exchanges provide a list of countries from which they can accept payments or a list of countries they do not work with.

To sum up, is it worth buying ether?

The success of the Ethereum network has proven that ETH will not disappear. As blockchain technology gains momentum, the importance of ether in the world of finance will only increase. 

Why buy ETH in the UK through WIREX

 

Wirex now has 4.5 million customers from 130 countries. Among the services: opening an account in different currencies, transferring and exchanging money, and cashback – users can return up to 2% of expenses in the company’s token WXT. The company also wants to issue loans with reduced rates for cryptocurrency users.

 

Wirex is a partner and Principal Member of Visa and Mastercard, thanks to which it can issue its cards. The company is headquartered in London but operates in other countries in Europe, Asia, and the US.

 

The Wirex platform will be a great helper for you on your crypto journey! Good luck! 

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