Secret revealed: How to easily buy Ethereum and make a fortune in the cryptocurrency market!

Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (dapps). It is the second largest cryptocurrency by market capitalization after Bitcoin. In this article, we will guide you through the process of buying Ethereum.

Step 1: Choose a Cryptocurrency Exchange

The first step in buying Ethereum is to choose a cryptocurrency exchange that supports Ethereum. Some popular exchanges that offer Ethereum include Binance, Coinbase, Kraken, and Changehero. When choosing an exchange, consider factors such as security, user-friendliness, fees, and supported countries.

Step 2: Create an Account

Once you have chosen an exchange, the next step is to create an account. This process typically involves providing your personal information, such as name, email address, and address, and setting up a password. Some exchanges may also require you to provide additional information, such as proof of identity and proof of address.

Step 3: Enable Two-Factor Authentication

To enhance the security of your account, it is advisable to enable two-factor authentication (2FA). 2FA adds an extra layer of security by requiring a code from a device, such as a smartphone, in addition to your password to log in to your account.

Step 4: Add Funds to Your Account

Once your account is set up, you will need to add funds to it. This can typically be done via bank transfer or credit card. Some exchanges may also accept other payment methods, such as PayPal or Skrill.

Step 5: Buy Ethereum

With funds in your account, you are now ready to buy Ethereum. To do this, navigate to the Ethereum market and place a buy order. The amount of Ethereum you receive will depend on the current market price and the amount of funds you are using to purchase.

Step 6: Store Your Ethereum in a Wallet

Once you have purchased Ethereum, it is important to store it in a secure wallet. Cryptocurrency exchanges are vulnerable to hacking and theft, so it is best to store your Ethereum in a wallet that you control. Some popular Ethereum wallets include MyEtherWallet, MetaMask, and Ledger.

Conclusion

Buying Ethereum is a straightforward process, but it is important to take the necessary precautions to ensure the security of your funds. Choosing a reputable exchange, enabling 2FA, storing your Ethereum in a secure wallet, and keeping your private keys safe are all important steps in buying and holding Ethereum. With these steps in mind, you are now ready to join the world of decentralized finance and start using Ethereum.

Why ETH Whales Are Scooping Billions Of Shiba Inu Tokens Right Now?

Shiba Inu News: Shiba Inu, the world’s second largest meme cryptocurrency didn’t get the desired gains in the year 2022 due to the multiple collapses in the market. However, recent updates coming from the Shiba Inu ecosystem have motivated and assured the community of some good times ahead amid the increased volatility in the market.

As per the report, Shiba Inu Ecosystem’s long planned Layer 2 blockchain solution, Shibarium dropped a much anticipated update. It highlighted that the Beta launch is expected to happen in early 2023.

It mentioned that Shiba Inu’s Bone ShibaSwap (BONE) token will serve as the required gas token within the Shibarium. However, this time it added that each transaction done will burn the Shiba Inu token in the process.

This recent announcement has pumped the Ethereum whales to add more Shiba Inu in their wallets. As per Whalestats, SHIB token flipped Wrapped Ethereum (WETH) for the most traded token among the top 1000 whales. Read More Shiba Inu News Here…

While a whale address named BlueWhale0159 bought 187 billion Shiba Inu token in a single transaction. The total worth of the purchase stands at around $1.5 million.

As per the data, Shiba Inu is in the top 10 list of tokens purchased by the largest 100 ETH whales in the last 24 hours. SHIB token also made it the most used smart contract by the same whales.

Data suggests that the top 100 ETH whales are now cumulatively holding $44.2 million worth of Shiba Inu tokens with them. This makes up just 2% of their total holdings.

The update from the Shibarium depicts that the BONE will be the only crypto for transactions in Shibarium. While Shiba Inu holders (which hold over 1 million SHIBs) will need to make transactions in Shibarium to burn their tokens.

With every transaction, SHIB tokens will be sent to a dead wallet. This move will help the community to lock in huge amounts of SHIB tokens which can boost the Shiba Inu price in the future.