CoinFalcon offers the simplest way to buy ethereum in Europe. Our secure exchange platform lets you buy or sell ETH instantly, even without a bank account. Our service is Available on Android, iOS, and Web. Unlike other assets, Ethereum is not backed by gold or promised by the government, making it even more valuable. As the second-largest cryptocurrency, Ethereum also doubles as a global open-source computing platform for smart contracts and decentralized applications.
By simply examining the fundamental value of the Ethereum blockchain itself, you’ll be able to understand what the fuss is all about. For one, the Ethereum blockchain operates on the laws of mathematics, such that unlike a central bank or government that can quickly and unexpectedly adjust money supply, the distribution of Ether (the Ethereum network’s local currency) is written into immutable code that is publicly available and agreed by consensus.
HOW TO BUY ETHEREUM ON COINFALCON
If you don’t have an account yet on CoinFalcon, then simply sign up for your free account here. The process is easy and you should be done setting up in a few minutes. You will need to deposit funds into your account to buy ETH. There are several ways to do this, including credit/debit cards, bank transfer, and Skrill/Neteller payments. Of course, if you already have other cryptocurrencies like Bitcoin, Litecoin, Ripple, Bitcoin Cash, etc, you can also use them to purchase the Ethereum you need.
Once you have deposited funds into your account, you can then begin trading on our platform. Simply go to your dashboard, click on the Buy tab found on the right side and select Ethereum in the dropdown. You will be able to see the current Ethereum price and you can then decide how much you want to purchase. As with every financial commitment, you should make sure to double-check all details of the trade before concluding the transaction.
Check the exchange rates of your trade right there on the Buy screen or go through our Advanced View, where you can see different cryptocurrency pairings like ETH to USD, ETH to EUR, BTC to ETH, among many others. When comparing cryptocurrencies, it is better to compare them within a specific category. For instance, comparing Ethereum to another smart contract platform like EOS is way more relevant than comparing Ethereum to Litecoin.
What can you do with your Ethereum?
- Pay for things -- Since Ethereum is a cryptocurrency, you can use it to pay for everything on the Ethereum network. Stay up to date on the most current ETH price and make decisive purchases anytime.
- Run applications -- The Ethereum blockchain lets you run your app and host it on thousands of computers around the world. This saves you the costs of paying a big company to run your app.
- Code your money -- With Ethereum, it only takes a few lines of code to get your money to follow a specific action. For instance, if a charity organization wanted to distribute money to a hundred people every day for a year, then they can get it done easily and automatically with Ethereum.
- Create digital items -- You can use Ethereum to create digital items for video games that are tradeable outside of the game itself.
Q. What is the difference between Ethereum and Bitcoin?
A. Ethereum and Bitcoin are often compared to each other due to their popularity but they actually only possess few similarities. For one, Bitcoin was intended to be used for payments, while Ethereum is used for smart contracts and payments. The supply of Bitcoin is limited to 21 million coins, while Ethereum has a supply of coins that will expand indefinitely.
Q. Is Ethereum Classic the same as Ethereum?
A. No. Ethereum Classic is an entirely separate cryptocurrency that forked away from Ethereum back in 2016 following the DAO hack. One key difference between them is that Ethereum is focused on building a “world computer,” while Ethereum Classic is focused on pursuing the “Store of Value” use-case of cryptocurrencies.
Q. Do I need to be a computer scientist to buy Ethereum?
A. Don't let all the “smart contracts” and “decentralized applications (dApps)” lingo make you think that only advanced computer and blockchain experts can own Ethereum. Here on CoinFalcon, it’s a simple matter of downloading our app or conducting the purchase on our web platform. The process is super fast and convenient either way.
Q. When is the best time to make a purchase?
A. This million-dollar question is asked not just in the cryptocurrency space but across all financial instruments. But in simplest terms, the best time to buy Ethereum or any cryptocurrency is the moment you’ve decided that its fundamental value will grow in the future. You can also try to avoid short term volatility by “dollar cost averaging“.