Best Cryptocurrency Exchange App

3 Ways to Buy 1 of the Best Cryptocurrencies in the Industry

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Written by publisher team

Over the past few years, cryptocurrencies have become more and more popular. Although, just a few years ago, it was seen as a highly speculative investment, today the best cryptocurrency to buy in the industry today solves tons of real-world problems, which is why many institutions and companies are looking to gain exposure. .

And while there are plenty of high-growth, high-potential cryptocurrencies to choose from, there is no doubt that one of the best cryptocurrencies in the industry is Ethereum (CRYPTO: ETH).

Ethereum is already the second most valuable cryptocurrency by market capitalization. This is due in large part to how popular the blockchain is. Since users can run smart contracts on Ethereum, tons of new projects, such as NFTs, are being built all the time.

Furthermore, since it was the first blockchain to do so, and because many other blockchains are compatible with Ethereum, the number of decentralized applications on Ethereum continues to make it one of the best blockchain to use.

So, if you are looking to buy Ethereum, one of the best cryptocurrencies in the industry, here are three of the best options available to you.

Buy actual ether

The first way to learn about Ethereum is to buy its native token, Ether, yourself. To do this, you will either need to create an account on an in-house crypto app (these are platforms that allow users to trade their cash for a few of the most popular cryptocurrencies). Then once you have Ethereum in the app, you can create a wallet and send it there to make sure you have complete control over Ether.

The other way to buy one of the best cryptocurrencies in the industry is to create an account on the exchange. Exchanges are very similar to the built-in apps, but they usually allow you to do more as well as offer more choices in the cryptocurrencies you want to buy.

Again, though, until you send that cryptocurrency from your exchange account to a physical wallet that you control, it’s technically not in your possession. It’s also worth considering gas prices when you decide to convert to reduce the fees you pay for the transaction.

Buying Ether itself can be difficult and complicated for beginners, which is why there is still another way to get the best cryptocurrency in the industry. However, if you decide to buy Ether, there are a lot of advantages, and you can start exploring other exciting projects, such as DeFi and NFTs.

The Ether ETF is a great way to buy one of the best cryptocurrencies in the industry

If you don’t want to buy actual Ether just yet, since it’s still a bit complicated, another option that basically gives you direct exposure is to buy an ETF that holds Ether for you, like CI Galaxy Ethereum ETF (TSX: ETHX.B).

Investing in an ETF will allow investors to earn the same rewards, as if they owned Ether themselves. However, you can also buy it in a registered account, which could allow you to save tons on taxes.

In addition, it is a much cheaper and straightforward way of acquiring Ethereum. And since the fund does all the hard work for you, plus it stores Ethereum offline where it can’t be hacked, it’s one of the best ways to gain exposure to high-potential cryptocurrencies.

This is why the third way to get exposure to Ethereum is to buy the Ethereum ETF designed for those looking for passive income. As the cryptocurrency industry continues to spread, companies are looking for ways to profit from it.

This has resulted in tons of new chests being released. Recently, an ETF that holds Ether and uses a covered call strategy was launched to generate passive income for investors.

Therefore, as its popularity increases, and its net asset value grows, allowing the fund to become more liquid, this would be an excellent way to look at gaining exposure to Ethereum over the long term.

Many investors agree that Ethereum is one of the best assets to buy in the cryptocurrency space. So, while these high-growth assets are still trading cheap, I’m looking forward to the exposure today.

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