With the world fast turning into one huge electronic platform, selling and buying of cryptocurrencies or virtual money is currently the newest buzzword to make money rapidly.
Encouraged by the success of Bitcoins — the first electronic money that hit the big time globally — hundreds more have sprouted at no time at all.
Armed with trendy names like Dash, Verge, Primecoin, Like cash and Ethereum, these bits of electronic money have succeeded in developing cult status among the tech-savvy in many nations, including India.
Basically, Ethereum can be described as an open software platform. It is based on blockchain technology and empowers developers to create and execute decentralized applications.
Can it be the same as Bitcoins?
In a way, yes, because both are dispersed publicly distributed on the blockchain network. Nevertheless, there are subtle technical differences which exist between both of these popular kinds of cryptocurrency.
How does it work?
Broadly speaking, Ether is a crypto token that drives the Ethereum network. It is widely used by application developers as a tradable cryptocurrency to cover the costs, with respect to interchange charge for using the Ethereum network.
Even though Bitcoins are being used to replace traditional payment methods like PayPal and internet banking, Ethereum and on the other hand was made to leverage blockchain technology to replace internet 3rd parties.
By this, we mean brick-and-mortar businesses which store information, transfer mortgages and keep track of complex financial instruments.
The way to purchase Ethereum in India
Driven by the regular surges in the prices of popular cryptocurrencies like Bitcoins and Ethereum, Indian investors have shown a growing interest in buying and trading these virtual currency over the last several decades.
Bearing that in mind we have listed below 5 areas where you may still buy and sell Ethereum out of India.
BuyUCoin is an Indian electronic money exchange which permits users to purchase, market, store and trade over 30 different kinds of popular cryptocurrencies, tokens and altcoins like Ethereum, Bitcoins, Neo, and Ripple among others.
Among the more advanced digital assets exchange, Koinex India using cutting edge technology like a proprietary trading engine, wallet, and platform architecture to enable the selling and buying of Ethereum, Bitcoin, Litecoin, Ripple and Bitcoin Cash.
3. Ether Rush
Ether Rush empowers its documented Indian users to buy Ether in 3 particular quantities (1 ETH, 0.50 ETH & 0.25 ETH). But users have to secure an e-wallet, enroll on the Ether Rush web site and place their order.
Said to be India’s market for Ethereum tokens, EthexIndia was officially launched in March 2016. The business offers customers an ETH / INR purchase book, which permits them to market and buys ETH, or Ether, the native token of Ethereum blockchain.
Changelly is a popular worldwide cryptocurrency exchange that permits users to easily convert over 100 altcoins in the best prevailing market price or just get them using a credit/bank card.