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How do they get Ethereum?

Ethereum is a popular cryptocurrency, whose capitalization exceeded the threshold of $20 billion in 2017. Regular users and large players in the digital coin market show their interest in the creation of Canadian developer Vitalik Buterin. Let’s analyze in what ways it is possible to get precious Ethereum into your cryptocurrency wallet.

Cloud mining

Renting computing capacities from large companies you get a stable passive income. In addition, you do not pay for electricity and do not buy expensive equipment. ETH coins are automatically transferred to your wallet.

By registering on the portal, the user selects his tariff plan and concludes a contract. Its term varies from 1 to 3 years. Average income is 100-200%. Many cloud mining services offer profitable referral programs. As of February 2018, the most reliable companies are HashFlare and Genesis Mining.

Traditional mining

You will need a farm of powerful computers with graphics cards of the latest versions for that. By joining a large pool, you will be able to mine Ethereum (ETH) and other cryptocurrencies such as Bitcoin (BTC), Liteсoin (LTC), Zcash (ZEC), Dash (DASH).

Exchange purchases

Cryptocurrency exchanges sell a great number of digital coins, and Ethereum is among them. Choose a reliable service and go deep into the world of trades and high technologies with no fear.

Purchasing through exchanger

The principle of their work is no different from the functioning of ordinary currency exchange offices. This is the simplest and fastest way to become an owner of Ethereum (ETH). There is a fixed percentage charged for the operation.

Where is it better to store Ethereum (ETH)?

Choosing a cryptocurrency wallet, the users want to combine the convenience of use and safety as much as possible. Unfortunately, it is not so easy as of now. The more convenient the service, the less reliable it is. That is why you have to look for the middle ground and always be on the lookout.

Ethereum as well as any other cryptocurrency is stored in specialized wallets. There are 4 main types:

  • Online wallets (browser);
  • desktop wallets;
  • hardware wallets;
  • paper wallets. 

Remember, that if you lost, forgot, or accidentally threw out your personal code, then your access to Ethereum store will be closed. It will be impossible to restore it.

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