Buying Ethereum in Australia: How to Buy ETH in Australia? Everything You Need to Know
Looking to buying Ethereum in Australia? You have come to the right place!
The Ethereum Foundation, a Swiss not-for-profit organisation, developed Ethereum. Ethereum is currently the second-biggest cryptocurrency in the world by market capitalisation. Ethereum is set out to resolve some of the pain points that the internet is facing. It aims to create a safe and decentralised platform to move money and make agreements.
BUYING ETHEREUM IN AUSTRALIA: WHAT IS ETHEREUM (ETH)?
Ethereum is one of the few cryptocurrencies that has joined the Billion Dollar Club. It is a global, open-source platform for decentralised applications. Ethereum makes it nearly impossible for anyone to stop you from making or receiving payments. The Ethereum blockchain allows users to write their own code, and make them accessible worldwide.
In simple terms: Ethereum is a major disruptor that aims to revolutionise how the internet functions.
BUYING ETHEREUM IN AUSTRALIA: HOW DOES IT WORK?
Ethereum’s manifesto is to create a massive network of private computers. These computers run various internet applications without a central authority. The idea is to make a “World Computer” where you don’t need considerable company clout or prestige, in order to move money or make agreements.
With its unique technology and innovation, Ethereum has the capability to disrupt some of the world’s most prominent multi-billion dollar industries. This creates a crucial opportunity to take power out of the incumbent and give it back to the people.
WHAT IS THE DIFFERENCE BETWEEN ETHEREUM AND ETHER?
Before we dive into the question ‘how to buy Ethereum in Australia,’ we should understand the difference between Ethereum and Ether.
Ether is the native cryptocurrency to the Ethereum network. For better understanding, we can draw the analogy that Ethereum is the vehicle, and Ether is the fuel that powers it. Ether is actually bought and sold on exchanges, not Ethereum.
Therefore, Ethereum serves multiple purposes but Ether has only one application – to enable the Ethereum blockchain. However, the crypto community sometimes uses the terms interchangeably.
So if you hear someone ask, “how can I buy Ethereum in Australia” or “what’s the price of Ethereum in AUD,” they are talking about Ether.
BUYING ETHEREUM IN AUSTRALIA: SHOULD I BUY ETHEREUM?
First of all, the past does not always represent the future. However, from what we observe, despite some ups and downs, Ethereum price has been increasing. Further, as the blockchain technology becomes more popular, it follows that Ethereum should benefit as an industry leader.
People who should especially consider including Ethereum in their investment portfolios include:
Long term investors
Short term traders
Fund managers and other investment professionals
Self-managed superannuation funds (“SMSF”)
HOW TO BUY ETHEREUM (ETH) IN AUSTRALIA?
Buying and trading Ethereum and other cryptocurrencies can be quite complicated. Luckily for Australians, there are now options that make the process extremely easy. Coinstash is one of them. The price of (ETH) Ethereum in AUD fluctuates every day. However, the investment process stays simple:
- Deposit Australian dollars or another cryptocurrency into your Coinstash account.
- Enter the amount of Ethereum that you wish to purchase.
- Click ‘Buy ETH‘ to confirm your purchase.
- Sit back and watch your investment go up in value!
ETHEREUM (ETH) IS THE FUTURE
Whether you are a professional investor or a newcomer, Ethereum offers an unparalleled investment opportunity. We hope our Buying Ethereum Australia guide has given you the resources and knowledge you need to make an informed decision.