How Do I Sell or Buy Ethereum in Australia
Are cryptocurrencies the way of the future? Person to person transactions conducted with secure and immutable transactions conducted over a decentralised platform. Quite possibly. And, to date, there are 100+ cryptocurrencies to choose between - and counting!
How do you choose one over another? Bigger is not always better and newer is not always shinier ... but ... there is some security in tried and true and popular!
Let’s chat about the second most popular cryptocurrency available to us today and one of few in the Billion Dollar Club - Ethereum. Ethereum is a global, open-source platform for decentralised applications. On Ethereum, you can write code that controls digital value, runs exactly as programmed, and is accessible anywhere in the world. Simply put, Ethereum aims to completely reinvent how the internet functions.
Ethereum’s vision is to create a “World Computer” – a huge network of many private computers that run various internet applications without any third parties. Ethereum has the ability to disrupt some of the largest multi-trillion dollar industries across the globe and take the power out of the hands of a select few and put the power in the masses.
Now it’s important to note that when asking the question ‘how to buy or sell Ethereum in Australia’ that ether is the currency that is required by people using the Ethereum platform to build blockchains that are the basic building blocks of ethereum technology. To be accurate, we could summarise like this - Ethereum is the platform and Ether is the fuel that powers the platform; Ether is bought and sold – not Ethereum. Ethereum has various applications but Ether has only one application - to enable operations on the Ethereum blockchain.
However, commonly, we hear them used interchangeably. In fact, most will ask ‘how do I sell Ethereum in Australia’ or ‘how to buy Ethereum in Australia’. So, let’s just go with that and not get too hung up on the ‘proper’ way it should be said!
Ether is Ethereum's native currency. It is digital money that can be sent over the internet instantly and cheaply, and also be used in many Ethereum based applications. The easiest way to get ether is to buy some - hence the question ‘how to buy Ethereum in Australia’. There are many cryptocurrency exchanges that will allow you to buy Ether. Cryptocurrencies are bought through these exchanges. Once you’ve signed up with one, you can log in, deposit money into your account. And then you’re good to go - you can use that money to buy and trade cryptocurrencies like Ethereum on the crypto exchange.
The best place to choose is one who is local to you - support and assistance as you start this cryptocurrency financial journey is important. When you buy and sell Ethereum in Australia you’ll be able to deposit and withdraw money from your account in Australian dollars - one less fee to have to be concerned with!
Buying and trading cryptocurrency like Ethereum used to be quite complicated, and still can be depending on which exchange you go with. Luckily for us Aussies, we have a few options available that make the process pretty easy. When researching how to buy Ethereum in Australia check to see if the cryptocurrency exchange you’re looking at offers readily and easily accessible steps guiding you answering the query ‘how do I sell Ethereum in Australia’ and how to buy Ethereum in Australia.
Those exchanges who are interested in maintaining their member base over a long period of time will be interested in making things as simple as possible and having a ‘smart’ customer base.