Ether (ETH) is the native cryptocurrency of Ethereum, the blockchain platform. The underlying technology sending and receiving value globally via its native cryptocurrency. ETH is normally associated with Bitcoin as they are both the leading digital assets in the market. But the underlying native platform is what makes ETH outshine Bitcoin, as it is no longer just a digital analog of money. Crypto traders can easily buy ETH through different digital assets exchanges, centralized ones or decentralized ones, and buy crypto through wallets. Through all these useful tools provided in the market, trading ETH with fiat currencies. Buying Ethereum with USD has become easy work.
With China’s latest cryptocurrency mining crackdown, it discourages a lot of individual digital assets investors from continuing to invest in the market. It has driven fears and a further sell-off in the Bitcoin market due to the ban panic. However, crypto individuals could still buy Bitcoin or other cryptocurrencies, like ETH, and could still trade them on crypto exchanges. If you are a US individual investor or an overseas investor who wants to trade ETH with US dollars, there are three possible vehicles to do that safely. To buy Ethereum with USD through centralized exchanges, decentralized exchanges and Crypto wallets.
Centralized Exchanges – Purchase Ether With A Trusted Intermediary
The word “centralized” might be misleading that some people might think of it as exchanges that are controlled or monitored by central authorities. The concept of “centralization” refers to the use of a middle man or third party to help conduct transactions, according to Investopedia. Centralized exchanges handle traditional currencies-to-crypto transactions. Both participants, the buyer, and the seller trade through the trusted intermediary.
This kind of setup usually happens in the banks, where they provide security, monitoring Some centralized exchanges offer custody over the ETH assets you bought, and hold them until you trade it again or send the assets to a crypto wallet, as well buy Ethereum with USD.
Crypto Wallet – An Useful Tool To Manage Your Assets And Trade
Some crypto wallets not only help you to manage your funds but also allows you to buy ETH with a variety of payment methods, including bank transfers and credit or debit card payments. Users can link up the wallet with their crypto account after registering with one of the wallet providers. Then, start managing your assets’ balances as well as buying ETH from the wallet platform. Also note that it depends on which regions or countries you are in, as there might be geographical restrictions on the platform you use.
It is the user who has custody of your funds in the wallet, so you can make use of the tool to buy ETH with your fiat currencies!
Decentralized Exchanges – Secure Peer-to-Peer Crypto Trading
In the crypto market, decentralized exchanges are the most used vehicles to trade cryptocurrencies. If you want more privacy or more control over the ETH transaction you have, you might not want to involve an intermediary. In this case, you need a decentralized exchange. You can buy ETH with USD in a peer-to-peer way. As an ETH buyer, you directly connect with the seller from the open marketplaces. Once the two parties agree with the deal, the assets will be transferred. Decentralized exchanges also support many payment options, so it would be a good choice to trade ETH.
Among three of the vehicles, trading ETH with US dollars through decentralized exchanges is the most common way. This way is somewhat better than the other two because it has fewer geographical restrictions. But users should scan through untrusted exchange platforms to avoid falling for scams.
ETH Pro – Hong Kong ETH OTC Specialist to buy ETH with USD
ETH Pro is an ETH OTC desk based in Hong Kong. It provides you a professional gateway to trade ETH with fiat currencies. You can buy Ethereum with different currencies including USD and HKD seamlessly using this platform. ETH OTC exchanges are usually settled in less than 15 mins. Customers can choose to pay with different payment options, cash settlement, FPS, Alipay HK, and local bank transfer. ETH Pro’s experienced team of professionals is committed to providing reliable, secured, and instant transactions for our clients!
The trading process on ETH Pro is simple and fast. First, contact us through Whatsapp or Telegram. Then, schedule an appointment with your personal trader. Once both agree with the quote, you can perform a secured buy and sell.
There is always a risk with all types of investment. Investors should get familiar with the digital assets environment and the selected trading platform before you start your trading. And do your research to prevent falling for scams.