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To seasoned investors, it may seem like the opportunity to earn vast amounts of money has been and gone. After all, when Bitcoin, the original form of cryptocurrency, first hit the market, you could buy it for as little as 0.
However, it seems like your ability to buy it for less and sell it for a substantial amount more is no longer possible. Within this article, we will first run through the pros and cons of Bitcoin, Ethereum and Ripple to help you decide which form of cryptocurrency is a good investment for you, before providing you with info onplatforms to buy, sell and trade on.
Ethereum is a little more complicated than Bitcoin, and therefore its pros and cons are a bit more in-depth. CoinSquare Considered the leading platform in Canada, CoinSquare is where you can purchase Ethereum, Bitcoin, and even precious metals such as gold and silver.
On Coinbase, you have the option of buying, selling or trading Bitcoin, Ethereum, and Litecoin. If you live in the US, and even Canada, you have to buy Bitcoins first, using a platform such as Coinbase. Essentially, the primary way to obtain Ripple is by firstpurchasing Bitcoin or Ethereum, or by being based in Europe where the process is far more straightforward.
Pros Not all big investors have jumped on the Bitcoin train. This means that when they do, there will be a price boost and more market stability. You can split the Bitcoin. Bitcoin will stop being produced in , as circulation hits around 21 million BTC. This means they can only but increase in value as other cryptocurrencies may offer unlimited supply. There is more buy, sell, and trade platforms dedicated solely to Bitcoin. There are more scams related to Bitcoin than other cryptocurrencies.
This can lead to massive Ethereum Ethereum is a little more complicated than Bitcoin, and therefore its pros and cons are a bit more in-depth. Unlike other blockchains, it allows more complex contracts to be run on the network with no need for third-party services in many cases. Thismeans it can create a robust ecosystem around it which is beneficial for developers.
Large companies are getting involved with it. They use bank transactions on their public blockchain — the only company to do so. They use legal and business experts. They push the sales to financial institutions which can increase the price. Where can you buy Bitcoin and Ethereum?
Coinbase On Coinbase, you have the option of buying, selling or trading Bitcoin, Ethereum, and Litecoin. Where can you buy Ripple?