Αγορά Ethereum με τη χρήση πιστωτικής κάρτας το 2024

Ethereum (Ether) is the second most valuable cryptocurrency after Bitcoin. This is also the reason why many people are interested in learning more about the Ethereum market.

Now that we have featured our Bitcoin buying guide and Dogecoin buying guide, in today’s article we will cover everything there is to know about Ethereum.

What it is, how it works, what are its main features, and how you can get it, are the topics that will concern us.

Process to Buy Ethereum Using Credit Card – Complete Guide

We begin our research on buying Ethereum with a credit card by listing the important step to complete the process.

What is Ethereum – Know what is ETH before buying Ethereum?

Ethereum is a publicly accessible, decentralized blockchain introduced by Vitalik Buterin in 2015. It permanently records all transactions made on its network. Also, for this database to work and be secure, there is no need for a central authority.

As a result, the Ethereum market operates independently of any external party. In addition, the first blockchain that allows the creation and development of decentralized applications on top of it is Ethereum. Ether (ETH) is the token name of the Ethereum protocol.

It is essentially a decentralized, distributed, open source, blockchain-based, smart contract-based computing platform.

Also, the Ethereum network is primarily a distributed computing system based on a blockchain consisting of the Ethereum software and a peer-to-peer network consisting of people running the software.

Ethereum Market – Learn How Ethereum Works?

In essence, node operators are responsible for processing transactions, which is how Ethereum works. Additionally, users will have to pay a fee in ETH for every Ethereum purchase made on the Ethereum network. Also, the reason the fees, which go to the node operators, (referred to as “gas”) is because they facilitate the network. In general, users will be able to pay more or less gas fees to have their Ethereum purchase transmitted and validated faster or in less time.

Buying Ethereum doesn’t always have to be financial. Also, as already established, Ethereum has the ability to operate a variety of applications, including virtual markets, decentralized autonomous organizations (DAOs), and decentralized finance (DeFi).

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Everything is driven by smart contracts, a unique type of program recorded on the Ethereum blockchain that can execute itself when certain conditions are met without the need for a third party to oversee the process. The practical applications of blockchain have greatly expanded with the development of smart contracts. Also, smart contracts can be written to perform almost any activity that has a set of terms and outcomes. Additionally, once deployed, smart contracts on the blockchain cannot be modified.

Scalability Problems and Their Solutions for Faster Ethereum Market

The Ethereum network is experiencing scalability issues as more people join it. Additionally, an Ethereum purchase takes disproportionately more time and money to complete. This issue has been addressed by many blockchain businesses by centralizing their network. However, they apparently compromise blockchain’s inherent decentralization in the process.

The shards solution for faster Ethereum market

The “cure” Ethereum developers think of is sharing. An Ethereum node currently needs to store a copy of the entire chain’s history, which is a huge amount of data. While this guarantees chain security, it is difficult for users to join the network as node operators due to the processing power required and severely limits scalability. In addition, the network database is divided into several pieces known as ‘shards’ using the database partitioning technique known as ‘sharding’.

A shard is a part of a large database that resides on a different server. While the data in each shard varies, all together form a single data set. Also, a node can now use data techniques to verify that data has been made public by the network as a whole thanks to “Ethereum Sharding”. Additionally, this eliminates the need for nodes to store an exact copy of the network’s history. As a result, the number of nodes increases, the speeds for buying Ethereum increase and the security of the network improves. Individuals can act as node operators using their personal computer or phone.

The gathering solution to buy Ethereum

Another option is the aggregation approach, which essentially aggregates a large number of transactions to buy Ethereum into a single transaction and distributes the gas cost price to everyone in the pool to make it less expensive.

Since its inception, Ethereum has used the Proof-of-Work (PoW) algorithm. Additionally, miners were paid in Ethereum in exchange for contributing their processing power to the blockchain’s security. However, Ethereum later started using a different consensus technique called “Proof-of-Stake (PoS)”. Also, the idea behind this validation technique was to essentially double the mining process. It is now based on cryptocurrency ownership rather than computer power.

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Furthermore, the validators are then “bookies” and not “miners” as we used to refer to them. Also, to prove ownership of cryptocurrencies, a validator drafts and signs a block of transactions. Additionally, his block is more likely to be accepted as a solution and lead to a reward the more cryptocurrency he owns. You must own ETH in the case of Ethereum.

Also, Merge, the most significant upgrade in Ethereum history, is the official integration of PoS.

With all these exciting upgrades for Ethereum, the network becomes more scalable, secure and long-lasting. In addition, buying Ethereum is done faster and at a lower cost.

Ethereum Market – Basic Features and Functionality of Ethereum

Let’s look one by one at all the key features of the Ethereum network, and how they fit in with the functionality we explained above.

Solidity programming language

The Solidity programming language is used by Ethereum software. Smart contracts are a type of computer programs created using this language.

Smart Contracts

The Ethereum blockchain is a database protocol for securely storing data. Smart contracts and the Ethereum market made by them are executed by the “Ethereum Virtual Machine (EVM)” the engine that executes the code.

Similar to Bitcoin, this computing system can be used to settle financial deals, but unlike Bitcoin, it can also be used to create and host applications.

On the Ethereum network, everything you do costs ‘Gas’. Its native cryptocurrency, Ether (ETH), is used to pay the gas fee on each Ethereum purchase.

Decentralized Web (Decentralized Web) for the Ethereum market

For the interactive interface of many DApps, websites are used and the Ethereum network is used for the backend. Browsing the decentralized web involves using websites to access DApps. For example, see Metamask or Coinbase Wallet.

Ethereum Market and Difference from Ethereum 2.0 and Ethereum “Merge”

Since the founding of Ethereum, Vitalik has made announcements stating that this protocol would be released in an Ethereum 2.0 version. This has been around since Ethereum started. But with the introduction of Beacon Chain in late 2020, we actually witnessed the start of Ethereum 2.0 and a better Ethereum purchase process. During the full transition to PoS, also known as “The Merge”, the PoS-based Beacon Chain operates alongside the PoW-based Mainnet. With 32 ETH, it is possible to join the ETH network as a validator from late 2020.

When the two systems finally merged and Ethereum’s PoW consensus was permanently replaced by PoS, the long-awaited “Merger” took place. Even though “The Merge” marks the end of the PoW-based protocol that ETH has been since its inception, this protocol is a significant advancement for the Ethereum market.

Ethereum Market – Decentralization and Distribution (Semantics)

The key phrases here are “decentralized and distributed”. This means hosting on multiple computers without a central controlling power. “Tokens” that might represent a cryptocurrency or anything you can think of that might represent a digital string of numbers and letters, smart contracts, and blockchain, a secure, encrypted, and sequential data structure, are parts of the Semantics set.

Ether, Ethereum and Ethereum market

The cryptocurrency token native to Ethereum’s blockchain-based smart contract platform is called ‘Ether’. That is, when you want to buy Ethereum, you look for the symbol ETH. A variety of cryptocurrency tokens that operate on the Ethereum network can often be purchased or exchanged for ether. These Ethereum-based tokens are known as ERC-20 tokens and can be held in an ERC-20-compliant Ethereum wallet, such as Metamask, after purchasing Ethereum. About half of ICOs use the Ethereum platform and use ERC-20 compatible tokens that can be held along with ether in an Ethereum wallet.

Learn the key features of the Ethereum platform before buying Ethereum

To condense everything mentioned above into a short list so that you understand everything before buying Ethereum, we summarize them below:

Ethereum Market – How Many Ether Tokens (ETH) Are Circulating?

About 72 million ETH tokens were produced in the first block in 2015 and used in the public sale. There is an infinite number of Ether (ETH) tokens left to mine, unlike Bitcoin (BTC), which has a cap of 21 million. There are currently more than 120 million ETH.

Why should I buy Ethereum? – What makes Ethereum special?

Why make an Ethereum purchase is surely something you are wondering.

Ethereum was created to be an open source, decentralized platform for building blockchain-based software that any developer can use, as you’ve probably figured out by now. Ethereum was created to be more than just a blockchain to hold the token cryptocurrency Ether and authenticate transactions.

The native cryptocurrency Ether (with which you buy Ethereum with the symbol ETH) and a blockchain-based smart contract system form the basis of this platform/network.

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Ethereum’s platform, unlike Bitcoin and its blockchain, is built to run code instead of just tracking a token.

In light of this, the Ethereum market has a variety of applications and immense utility. Also, and importance in the field of Blockchain and cryptocurrencies. It can be used to produce a variety of cryptocurrency tokens. In addition, for the execution of any type of contract. Also, the creation and storage of blockchain-based applications.

More broadly, Ethereum supports over 60% of existing cryptocurrencies.

What can you do with your tokens after buying Ethereum?

After buying Ethereum it is also reasonable to wonder what you can do with your tokens. Let’s look at some uses in more detail.

Online payments

After you buy Ethereum, you can use it to pay for products and services from any vendor that uses the Ethereum network and accepts ETH.

Buy Ethereum and start your own DApps

Decentralized applications or DApps can run on ETH. On the Ethereum blockchain, there are currently over 3,000 decentralized applications. You can develop your own application using the tokens from your Ethereum market.

Send money anywhere to anyone

If you know the recipient’s Ethereum wallet address, you can send them Ethereum as a payment to a service or as a payment to a debt after making an Ethereum purchase.

Buy Ethereum and get NFT

The blockchain most used for NFTs is Ethereum. By first making an Ethereum purchase, you can buy or trade an NFT.

DeFi

Once you buy Ethereum, you can use it to fund liquidity pools. Plus stake it to earn incentives. Also, and use it on DeFi (decentralized finance) platforms.

Sell ​​ETH for profit

You can sell Ethereum quickly using a broker like OKX. Also, and earn money after first making an Ethereum purchase and holding your tokens for a certain period of time.

Top Crypto Exchanges to Buy Ethereum

To buy Ethereum it is required and useful to have an account on an exchange. Let’s go see the top of the hundreds of options out there.

1.OKX – Why should I buy Ethereum using the OKX platform?

Where to buy Ethereum from is one of the most critical things to think about so that you feel safe about your money. Unfortunately, we are all too aware of the potential risks associated with centralized exchanges.

We consider a number of factors when looking at exchanges to buy Ethereum in order to assess the level of security of traders.

A secure hot and cold wallet security process is used by OKX . This shows that the majority of their money is kept cold and offline, where it is safe from hackers.

Using a state-of-the-art cold wallet storage system that needs verification by at least two authorized personnel, OKX stores 95% of its funds offline. Here are some of the most reliable offline storage protocols we’ve found on OKX’s official website:

To satisfy requests for deposits and withdrawals, the remaining 5% of funds are kept on their servers in a “warm” wallet.

OKX and security

It is also important to note that OKX has yet to experience any known hacks, unlike many other exchanges. It seems that their security procedures are more than capable of preventing hacker attempts. So and for this reason, buying Ethereum from OKX seems to be the most ideal choice.

OKX Derivatives must implement safeguards to reduce the risk of market fluctuations in the trading inventory because they operate a leveraged trading platform.

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All transactions that cannot be liquidated for more than the bankruptcy price are backed by the OKX insurance fund. The initial margin that liquidating traders have at the start of their trade is added back to the fund.

In general, the dealer provides the best security. For this reason, OKX offers a number of tools to help users keep their accounts safe.
Perhaps one of the most important is two-factor authentication. Using SMS authentication is one way to achieve this. Using the Google Authenticator is the second. All this, makes buying Ethereum a carefree process.

2.Binance – Buy Ethereum with a bank card but also with the credit card of the exchange itself

Binance is a trading platform that allows users to trade cryptocurrency derivatives after signing up. With $20 billion in average trading volume, it is the world’s largest cryptocurrency exchange. The most popular cryptocurrencies are among the more than 350 separate ones out there. This opens up a world of amazing possibilities for trading experiences with the exchange. On this platform, 1.4 million transactions take place in one second on average, according to data provided by Binance.

The fact that Binance has its own Visa debit card is something that can make buying Ethereum with a credit card easier. It is an additional unique feature. It allows you to get cashback on regular purchases, based on how much you invest on the platform. In addition, it is possible to make indirect payments with cryptocurrencies. Anyone who chooses this option can save money directly on Binance, in terms of fees.

Additionally, there are not many credit cards that allow you to make cryptocurrency payments and buy Ethereum. Therefore, Binance can be considered a pioneer.

Expect a Visa card that you can use to make deposits and withdrawals if you’re particularly interested in Binance’s debit card offering.

Binance and security

There are two factors to consider when considering the security of the keyword and thus the legitimacy of Binance. One is a specific answer to the question “Is Binance safe?” Undoubtedly, the security requirements are strict. An account is protected by a password as well as an email address or phone number. Verification is also necessary because it is against the law to launder money. Additionally, Binance supports QR codes and its app is the only way to access certain areas. All data is encrypted by default.

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From the opposite point of view, customers understandably wonder if the money they have deposited, especially the cryptocurrencies they hold in the Binance Wallet, is safe. More information could be given here, but overall, no flaws. Otherwise, there wouldn’t be as many positive Binance experiences and the platform wouldn’t lead the industry.

Ethereum Market – Conclusion

The Ethereum market like any cryptocurrency market with great utility and importance in Blockchain technology, is essentially an asset that in the long run will yield a profit.

Taking a look at the history and prices of Ethereum we notice a gradual increasing trend and the reason is the various functions that this network can offer.

Like Bitcoin and Ethereum, they are digital assets that every investment portfolio should contain.

Using the OKX platform, you can now buy Ethereum with a credit card by following this guide.

OKX —BEST BROKER TO BUY Ethereum FROM GREECE

Frequent questions

Bibliographic resources

• https://etherscan.io/
• https://ethereum.org/en/
• https://coinmarketcap.com/el/currencies/ethereum/
• https://www.tradingview.com/symbols/ETHUSDT/