Unlocking the Digital Future: Buying ETH with a Credit Card Simplified

In the electrifying realm of cryptocurrencies, Ethereum (ETH) stands tall as a beacon of innovation and potential. As enthusiasts and investors alike seek to partake in this digital revolution, the ability to buy ETH with credit card has opened a gateway of accessibility and convenience. This comprehensive article is tailored to guide you through the process of buying ETH using credit card, unraveling the intricacies, opportunities, and considerations involved in this modern financial maneuver.

ETH: A Glimpse into the World of Endless Possibilities

Ethereum, often hailed as the queen of cryptocurrencies, represents more than just a digital asset. It’s the foundation of a decentralized platform known for its smart contract functionality, underpinning a vast ecosystem of decentralized applications (DApps). The allure of Ethereum is not just in its technological prowess but in its potential to reshape industries and redefine the way we interact with the digital world.

The Convergence of Traditional and Digital Finance

Buying ETH with a credit card symbolizes the merging of traditional financial systems with the burgeoning world of digital currencies. This convergence brings the ease and familiarity of credit card transactions to the dynamic world of Ethereum, making it more accessible to a broader audience.

The Process: A Step-by-Step Guide to Buying ETH with a Credit Card

The journey of purchasing ETH using a credit card involves several key steps, each crucial in ensuring a smooth and secure transaction:

  1. Selecting a Reliable Platform: Choosing the right cryptocurrency exchange or platform is the first critical step. Look for platforms that are reputable, secure, and offer the option to buy ETH with a credit card. Binance, Coinbase, Kraken, and Bitstamp are some of the popular exchanges that provide this service.
  2. Creating and Securing Your Account: Once you’ve chosen a platform, the next step is to set up an account. This process typically involves providing personal information and completing a verification process to comply with regulatory requirements. Ensuring the security of your account with strong passwords and two-factor authentication is paramount.
  3. Linking Your Credit Card: After account verification, the next step is to link your credit card to your account. This usually involves entering your card details and possibly a verification process by your card issuer.
  4. Purchasing ETH: With your credit card linked, you can now purchase ETH. Navigate to the purchase section, select Ethereum (ETH) as the cryptocurrency to buy, enter the amount, and choose your credit card as the payment method. Review the transaction details, including fees and exchange rates, before confirming the purchase.
  5. Transferring ETH to a Secure Wallet: After purchasing ETH, it’s advisable to transfer your holdings to a private wallet for enhanced security. Hardware wallets or secure software wallets are preferred choices.

Timing Your Purchase: Navigating Market Volatility

The cryptocurrency market is known for its volatility. Timing your purchase can be crucial, especially considering the price fluctuations of Ethereum. Keeping an eye on market trends and performing due diligence can aid in making an informed decision.

Understanding the Fees: Navigating the Costs of Convenience

Buying ETH with a credit card comes with associated fees. These can include transaction fees, processing fees by the credit card company, and possibly higher exchange rates. Being aware of these fees and comparing different platforms can help in minimizing costs.

Regulatory Landscape: Staying Informed and Compliant

The regulatory framework surrounding cryptocurrencies varies by region and is continually evolving. Staying informed about the regulations in your jurisdiction, especially concerning credit card transactions for cryptocurrency purchases, is crucial for a compliant and hassle-free experience.

Security Measures: Safeguarding Your Digital Investment

Security is a critical aspect of buying ETH with a credit card. Apart from securing your exchange account, it’s important to monitor your credit card statements for unauthorized transactions and be aware of phishing attempts or fraudulent platforms.

The Future of ETH and Credit Card Purchases

As the world of cryptocurrency continues to integrate with traditional financial systems, the ease of buying ETH with a credit card is likely to improve. This integration not only enhances accessibility but also signifies the growing acceptance and mainstream adoption of cryptocurrencies like Ethereum.

Conclusion: A Pathway to the Digital Frontier

In conclusion, the ability to buy ETH with a credit card is a significant milestone in the crypto journey. It represents a blend of convenience, accessibility, and the bridging of traditional and digital finance. For those looking to venture into the world of Ethereum, this method provides a straightforward and familiar path to participate in the digital currency revolution. As we move forward, the synergy between credit card transactions and cryptocurrency purchases will continue to evolve, paving the way for a more interconnected and digitally empowered financial future.

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.

Why ETH Price Could See Major Selling Ahead?

Amid the crypto broader market correction, the world’s second-largest digital asset Ethereum (ETH) is already down 7.5% trading under $1,200. The recent price crash has eroded all of last week’s gains for ETH.

Now, the cryptocurrency faces the risk of further downfall going ahead. Since the Beacon chain upgrades last year, ETH investors have been staking their coins with Ethereum 2.0. Now, the newly upgrade Ethereum 2.0 blockchain holds 12% of the total supply.

On the other hand, the ETH exchange reserves have dropped down to 15% of the total supply and continue to decline further. However, ETH faces a potential threat to its price as the Shanghai hardfork approaches closer, scheduled for March 2023.

This hardfork will make it possible for investors to withdraw the staked Ether with the network validators. On-chain data provider CryptoQuant explains a scenario that could lead to a mass selling in the price of Ether.

One of the most imminent questions that ETH investors have is how much ETH can be withdrawn on Ethereum 2.0. Nearly 12% of the total supply or 15 million ETH coins currently reside on Ethereum 2.0. Data provider CryptoQuant explains:

“From a short-term perspective, there are higher APY strategies than staking rewards by depositing ETH2 that might not be promised to withdraw”.

Also, let’s have a look at the change in the balances of Ethereum 2.0. Compared to the last year 2021, the total number of depositors with ETH2 has jumped by 57% this year. However, the total deposit balance has remained the same. This shows that the total balance per deposit has ultimately jumped by 133% in 2022.

Commenting on the ETH exchange reserves, CryptoQuant explains: “It may be that the balance of $ETH2 increases as the $ETH exchange reserve decreases. 18M of $ETH are held on the exchange, 15% of the total supply. However, the exchange reserve is an ongoing downtrend”.

As the supply dynamics shift after the Shanghai hardfork, ETH price volatility will be imminent.

Eth Deposit Contract Hits ATH; Will ETH Price Cross $15k?

Ethereum’s price continues to rise in the last few days, global crypto market cap is $855.36B, a 0.14% increase over the last day.

Ethereum (ETH) locked in the Ethereum 2 (ETH 2.0) smart contract has reached a new all-time high. Amid Ethereum’s price continues to rise in the last few days, currently, the global crypto market cap is $855.36B, a 0.14% increase over the last day.

Ethereum, the largest smart contracts blockchain platform in the world today, launched as a PoW network, and like Bitcoin (BTC), relies on mining for transaction processing and network security. The total crypto market volume over the last 24 hours is $37.19B, which makes an 11.22% decrease. The total volume in DeFi is currently $2.72B, 7.30% of the total crypto market 24-hour volume. The volume of all stablecoins is now $34.34B, which is 92.33% of the total crypto market 24-hour volume.

As per the glassnode report, the total value in the ETH 2.0 Deposit Contract just reached an ATH of 15,512,583 ETH. Ethereum, the world’s largest smart contracts blockchain platform today, began as a PoW network and, like Bitcoin (BTC), is dependent on mining for transaction processing and network security. Ethereum’s price and performance have been incredible in recent days, as it has crossed a few key obstacles. This move marked a period of convergence for Bitcoin, indicating the underlying strength of ETH buyers.

Currently Ethereum price in USD is $1,273.73 USD, and the 24-hour trading volume is $6,659,123,109 USD. In the last 24 hours, while writing this report the Ethereum price has dropped by 1.37%. As per the coinmarketcap data a live market capitalisation of Ethereum is $155,870,805,408 USD. It has a circulating supply of 122,373,866 ETH coins and no maximum supply. Notably, Ethereum is the world’s largest smart contracts blockchain platform today, Initially it was working on PoW network and, like Bitcoin (BTC), is dependent on mining for transaction processing and network security.

The current Ethereum price in INR is 103,314 INR. The with a 24-hour trading volume of 527,378,983,333 INR. In the last 24 hours, Ethereum has dropped 1.37%. , with a live market cap of 12,642,943,825,794 INR. It has a circulating supply of 122,373,866 ETH coins and no maximum supply.

Following the FTX crisis, the crypto market has been filled with FUD (fear, uncertainty, and doubt). As assets fell further, crypto investors are unsure whether to buy or sell. According to reports, Ethereum fell nearly 39% in a matter of weeks.

In one month, the price of ETH fell from $1,661 to $1081 due to whale accumulations. The price declines were viewed by whales as an opportunity to increase their ETH holdings. Whale accumulations are frequently indicators of a bullish recovery in an asset. However, Ethereum’s price dropped to $1,081 at first.

Now, however, the tables appear to be turning, and Ethereum appears to be gaining bullish momentum, rising towards $1,350. Ethereum is currently trading at $1,273 per coin, with a 24-hour trading volume of$6,659,123,109 USD. The answer relies on ongoing bullish trend and for the period it remains.

 

ETH Tanks 8% Overnight As FTX Hacker Sells Ethereum Holdings

On Sunday, the FTX hacker reportedly sold over 30,000 ETH converting a large part of the holdings into Bitcoin.

The world’s second-largest cryptocurrency is under strong selling pressure on Sunday evening. As of press time, Ethereum (ETH) is trading 8.09% down at a price of $1,120 and a market cap of $137 billion.

On Sunday, November 20, reports emerged that the FTX hacker who stole $600 million from the exchange is converting his ETH stash to Bitcoin. Last week, the hacker converted all the stablecoins to Ethereum accumulating $288 million worth of ETH. Citing data from Etherscan, crypto journalist Colin Wu reported:

The FTX hacker address (0x59…d32b) is converting a large amount of ETH into BTC. Today, about 30,000 ETH has been exchanged into RenBTC, and 1070 BTC has been transferred to the BTC network.

Administrators are still evaluating the wreckage caused by FTX’s bankruptcy. The crypto firm owes a staggering $3.1 billion to some of the top creditors. Besides, there are growing concerns that more digital outfits could topple amid the recent crisis.

Last week, reports emerged that crypto lender BlockFi is preparing for a potential bankruptcy. Speaking to Bloomberg TV, Christian Catalini, founder of the MIT Cryptoeconomics Lab, said:

“The FTX issues are really an urgent reminder of the need for regulatory clarity and a real regulatory framework for crypto”. The hype and speculation over the minting and trading of tokens “has generated a massive distraction from building actual products and services that reach consumers, solve actual problems.”

Today’s ETH price correction is also the result of a broader market correction. The broader cryptocurrency market is down by 5.6% slipping under $800 billion as of press time. While ETH is down 8%, Bitcoin has also corrected over 4% slipping under $16,000.

Over the past couple of weeks, Ethereum has been severely underperforming Bitcoin. Several analysts believe that the recent market sell-off could pull the ETH price to under $1,000.

Along with Ethereum, all of the top ten altcoins have corrected between 5-10%.

The most important Ethereum milestones

Ethereum has experienced numerous notable milestones in its roughly decade-long history. Here is a list of important dates and events that have shaped Ethereum and the broader crypto community since its inception:

  • December 2013 – Vitalik Buterin publishes the Ethereum white paper
  • June 2014 – The Ethereum team looks to raise $16 million in an ICO campaign
  • August 2014 – Roughly 51 million ETH were sold in the two month long initial public sale
  • July 2015 – Ethereum mainnet launches
  • August 2015 – ETH starts trading
  • July 2016 – Ethereum forks into two blockchains–Ethereum and Ethereum Classic–as a result of a smart contract hack
  • February 2018 – Ethereum controls over 80% market share of ICOs, with most new tokens based on the ERC-20 standard
  • December 2019 – Istanbul hard fork takes place and sets the stage for the Proof-of-Stake transition
  • December 2020 – The Beacon Chain goes live and kicks off “Phase 0” of the Ethereum 2.0 rollout
  • August 2021 – The London upgrade goes live and introduces real-time ETH burning
  • September 2022 – Ethereum transitions from PoW to PoS after a successful Merge; a part of the Ethereum community protests the transition, which results in a split and subsequent launch of Ethereum PoW (ETHW)

Ethereum 2.0 upgrade

To alleviate the problems of high transaction costs and network congestion, the Ethereum team plans to increase the TPS figure to up to 100,000 as a part of the Ethereum 2.0 upgrade. In addition to facilitating a higher number of transactions, the upgrade will also see Ethereum transition from a power-hungry Proof-of-Work to an up to 99% more energy-efficient Proof-of-Stake consensus mechanism.

The transition from the PoW to PoS picked up steam in August 2021, with the launch of the London hard fork. The exact release date for a PoS-compatible Ethereum mainnet is currently not yet known. However, the team does have its sights set on the second half of 2022 and recently revealed that the PoW on Ethereum is in its “final chapter.”

It is worth noting that the Ethereum team has moved away from the “Eth2” terminology, citing clarity and correct representation of the Ethereum road map as the main reasons.

The new Ethereum upgrade will not only help make transactions cheaper and faster, but will also significantly increase the scalability of the platform and lay the groundwork for a Web3 future. The full rollout of Proof-of-Stake supporting Ethereum, called “The Merge”, will take place in the following phases:

  • Phase 0: Started with the launch of the Beacon Chain in 2020.
  • Phase 1: The launch of shard chains–proof-of-stake blockchains that use validators to confirm transactions–is expected in 2022. At this stage, shards won’t be supporting smart contracts.
  • Phase 1.5: In this phase, the legacy Ethereum chain will transition to a Proof-of-Stake consensus and will be connected to the Ethereum 2 chain
  • Phase 2: Shard chains will be able to communicate with one another and make use of smart contracts.

Ethereum 2.0 Staking

Instead of relying on miners to secure the network–as is currently the case–after the Merge is completed, transaction validation and the general upkeep of the network will be performed by network validators who will be able to earn ETH staking rewards.