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CATEGORY: how to buy ether


Nov 15, 2021 11:15

How to Buy Ethereum on KuCoin? Step by Step Guide

Coinshare's latest report highlights more than $400 billion AUM* moving to digital assets. Ethereum and Bitcoin emerged as top picks for institutional and retail investors. However, 42% of the investors preferred ETH more over BTC. With that said, if you wish to buy some ETH to keep your portfolio rolling, you are at the right place. In this guide, we will show how to buy Ethereum on the KuCoin exchange. KuCoin is an emerging exchange known for its simple UI and high-end security. So, without any further ado, let's help you buy Ethereum on KuCoin through this tutorial. 

How to Sign in On KuCoin?

Step 1

You need to sign up first on KuCoin for buying any crypto asset. Click on the signup button to register yourself on KuCoin.

Step 2

The moment you click on the signup button, a window like the one given below will appear. You need to type in your email ID, password, confirm password, and referral code if any. Do not forget to check on the "Read and Agree" button. Click on the "Next" button after completing this procedure. 

Step 3

Upon clicking on Next, there will be a new pop-up on the screen. It will ask you to complete the puzzle by dragging one of its parts. 

Step 4

Once you complete the puzzle, you will receive an email. Check your email ID and validate the message.

Step 5

Once you click on the link, it will take you to the KuCoin Login Page. There you will see yourself as a registered user on KuCoin

Step 6

Now, you must secure your account through a 2FA. 

What is 2FA or 2Factor Authentication?

Two FAs provide an extra security layer on top of your password. Once you enter the password, the login page asks for a security code. That code will be sent to your registered mobile number. Using this process, the platform mitigates identity theft.

How to Activate it? 

After logging in, 2FA is the first pop-up box which will appear in account security. You need to activate it. First, go to account and click on Bind-2 Step.

Secure Backup Key

A backup key will appear on the screen. You need to secure the same.

A scanner will appear which you can use via Google Authenticator. Enter the code, and you are set to go. 

A security message will pop up asking you not to unbind 2FA to secure your account. 

Step 7

Verify your identity. 

Once the security process is complete, proceed with verifying yourself. In this way, your account will be safe. You can start by setting up a security question.  

Step 8

It will ask for an email confirmation post creating the security question. 

Step 9

Hit the confirm button or the link attached to the email.  It will redirect you to the KuCoin confirmation page. It will notify you that the email has been verified.

Step 10

Complete the KYC. Select the type of account you wish to create. In this tutorial, we are setting up a personal account. 

Step 11

Furthermore, the page will ask for details required for individual accounts. Click on continue. 

Step 12

Fill in all the details accurately and submit your ID and fund source. Click on the preferred document choices to upload them. 

Step 13

Upon uploading, the status will show completed. 

Step 14

Go to overview and check whether the account is verified. If all the documents submitted are fine along with fund sources, the account changes to verified from verification in progress.

How to Buy Ethereum on KuCoin?

That was a long way, but it is worth it. Let's fund your account with some Ethereum. Here's how to buy it. There's an option to deposit Ethereum on KuCoin. Let's do it!

Go to Asset. Select Ethereum for funding. You can search for ETH in the search bar as well. In this example, We are taking BTC for example. 

But you can select ETH. Copy Ethereum Address and scan the barcode for deposit. In case you are sharing a wallet address with someone, double-check it. Your wallet has ETH now. 

How To Trade Ether on KuCoin?

Once you have ETH in your wallet, you can trade ETH/BTC in pairs.  Go to markets and select ETH. Upon picking ETH, select trading and fill out options. You can fill the buy or sell option as per your choice. Once you complete the trade, Open Orders or Trade History to check your transaction. 

Congratulations on your first ETH purchase. I hope the tutorial was useful.

Ethereum merge© Cryptoticker

The post How to Buy Ethereum on KuCoin? Step by Step Guide appeared first on CryptoTicker.

Oct 02, 2021 07:10

Crypto Basics – Don’t know What Ethereum crypto is? Here’s a Complete Guide

Everyone heard about Ethereum in the past 2 years. The mainstream media helped push this cryptocurrency to the mainstream, as its price soared to a current price of around USD 3,000. On the other hand, it is not enough to simply hear about something. It is also important to understand what it stands for, how it started, and its basic mechanics. That’s why in this article, we’re going back to the basics, and introduce Ethereum crypto in a very simple and straightforward way.

Buckle up, sit down and enjoy this quick guide on what Ethereum crypto is.

What is Ethereum Blockchain?

Ethereum is a distributed computing platform and a brainchild of Vitalik Buterin. Based on market capitalization Ethereum is the second-largest blockchain and cryptocurrency platform after bitcoin. However, it is much more than ordinary cryptocurrencies and people refer to it as the world computer. Developers can build decentralized blockchain applications using Ethereum's open-source code. Those decentralized blockchain applications are DAPPS. Instead of centralized servers, DAPPS run on globally distributed blockchain networks, thus they are censorship-resistant. Using smart contracts, they can automate actions based on predefined conditions without relying on third-party intermediaries. This also mitigates the problems of centralized governance.

What is ERC-20?

Another crucial aspect of ethereum is the ERC20 token. Any developer with the required technical knowledge can create these tokens for their DAPPS. Ethereum's open-source code makes it much simpler than building tokens from scratch.

How does Ethereum Blockchain work?

Ethereum started with the same consensus mechanism as Bitcoin did, the proof-of-work. But the project wants to shift to proof-of-stake. At Ethereum, this new protocol is Casper. Unlike Bitcoin, Ethereum has a Turing-complete virtual machine. This machine can create impactful decentralized programs, better known as smart contracts. The users then should be able to access the features of these programs via transactions. With this, the conditions of the program can be changed depending on the logic and situations. 

Technical data for Ethereum

As mentioned earlier, Ethereum depends on the proof-of-work consensus mechanism. The block time (average time in which a block is found) is 15 seconds. The block size is dynamic. However, in the case of Bitcoin, the sum of the transaction data is defined as block size and the sum of gas that was allocated to the transactions. The native coin is called ether (ETH). Because of the disadvantages of proof-of-work, people are working on alternatives, such as the implementation of proof-of-stake and second-layer solutions such as sharding. 

ETHEREUM’s token is called ETHER and was created as the native currency for the platform. It also works as the transaction fees for miners on the ethereum network. The foundation of ETHEREUM was designed to be a platform for blockchain-based smart contracts. When running on the blockchain, a smart contract becomes a self-operating computer program that automatically executes exactly as programmed, without the possibility of downtime, censorship, or third-party interference. It can also facilitate the exchange of money, content, property, shares, or anything of value. 

Although ETHER was intended to be used to support Ethereum's platform as a way to facilitate and monetize its DAPPS, it has become a strong contender on exchanges functioning the same way as other cryptocurrencies.

Are Ether Coins Limited?

No, in the case of Ethereum there is no limit. This is the reason why Bitcoin is known as digital gold but you can’t say the same thing about Ethereum. For more information, read this post

>> Ethereum, a fixed supply?<<

The ETH addresses are also not case-sensitive. Ethereum addresses start with “0x” which is a standard identifier for the hexadecimal numeral system. It is concatenated with almost 20 bytes of the hash of the public key.

How to Buy Ethereum?

If we want to be more precise, we buy the token Ether, and not the blockchain Ethereum ;) But most people today just use the word Ethereum for the token.

Just like buying Bitcoin, Ether can be bought on many exchanges. Here's a list of solid exchanges where you can buy Ethereum:

Ethereum reorg© Cryptoticker

The post Crypto Basics – Don’t know What Ethereum crypto is? Here’s a Complete Guide appeared first on CryptoTicker.

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