What Is Ethereum? 4 Things You Need To Know, ethereum broker singapore.
Ethereum broker singapore
The known advantage of smart contracts is that it is carried out without the need for “middlemen” like lawyers or notaries.
Top forex bonus list
What is ethereum? 4 things you need to know
The rise of cryptocurrencies is just one effect of the fast-paced technological advancements we now have in this era.
Cryptocurrency is a form of digital currency that is created through encryption. Unlike the traditional monetary systems, it works with a decentralized system.
Cryptocurrency has no physical form and is neither issued by a central bank or government authority. It solely exists as data on the internet that are created and managed through a blockchain.
Some of the most successful and known cryptocurrencies are bitcoin and ethereum. As singaporean who lives in one of the growing financial centres of the world, you might be already familiar with it.
However, maybe not quite yet since you are finding yourself here. But we are about to change that.
For this article, we will dedicate it to ethereum and shed some light on the things you must know about it.
If you are planning on a venture with ethereum singapore, then it helps to get yourself be familiar with these:
What is ethereum
Ethereum is a decentralized blockchain-based software platform. Its official website define it as:
“ethereum is a decentralized platform for applications that run exactly as programmed without any chance of fraud, censorship, or third-party interference.”
The code written on the ethereum blockchain can’t be altered, tempered, or hacked. This is ensured by cryptography.
Another important thing that must be noted with ethereum is that it is a decentralized programmable blockchain-based software platform. Its cryptocurrecy asset is called ether (ETH).
What this means is that ethereum allows you to build and execute ‘smart contracts’ and ‘distributed autonomous applications (dapps)’ through the inbuilt programming system language called solidity.
All of these without censorship, downtime, or any third party. The cryptocurrency asset (ether) then helps execute theses apps and contracts.
Thus, ethereum is also called programmable money. This is exactly what sets ethereum apart from bitcoin.
What bitcoin does is strictly being a digital currency that is designed to function as a means of payment.
Ethereum, on the other hand, works more than that, which is to act as a platform to create and run apps and smart contracts.
#1 what is A smart contract
We keep on dropping the term ‘smart contract’ when defining ethereum. But what is it all about?
A smart contract is basically a contract written in code that is uploaded by the creators to the blockchain. When a contract is executed, a node on the network runs it, uploaded to the blockchain, then stored in the public ledger.
Smart contracts work only when certain conditions are met. Once it does that, the program carries out the terms of the contract. The whole process and use of the contract is displayed on the blockchain for everyone to see.
If you tamper with the contract, every copy of the digital ledger would note this. In simpler terms, there is no way to get away with it.
The known advantage of smart contracts is that it is carried out without the need for “middlemen” like lawyers or notaries. No need to file papers and long transactions on your end. Also, there will be no fees involved.
However, when a bug appears that may affect the code of the smart contract, the blockchain will still carry out the terms of the contracts. This can be problematic.
#2 history of ethereum
Now let us take it back to where it all started.
Ethereum was created in late 2013 by a russian programmer named vitalik buterin. He formally announced it in january 2014 at the north american bitcoin conference in miami, USA.
As a student who previously founded bitcoin magazine in 2012, he invested in creating another form of cryptocurrency that can do what bitcoin could not.
Ethereum is introduced as not simply another cryptocurrency. Instead, it is an effort to code, run, and execute smart contracts and dapps independently without human interaction.
By july 2014, dr. Gavin wood joined as the co-founder with the ethereum foundation that bootstrapped the development of ethereum software. It raised $18 million during the presale of ether tokens.
#3 how (ether)eum is produced
Most people tend to mistake ethereum as the cryptocurrency to be produced. But contrary to that, it is actually the ether that will get produced or mined.
To properly distinguish both terms, ethereum is the network that is based on the blockchain technology; while the ether is the cryptocurrency that helps run the platform or network.
When mining an ether, miners get an incentive. The supply of ether is limited to 18 million per year. Every 12-14 seconds, there will be a new ethereum block that is mined. The reward for this is 5 ether, given to the computer who mined it.
#4 investing and trading cryptocurrency in singapore
As you may have read in the news, the singapore government does not really promote cryptocurrencies.
Cryptocurrencies are not legally tendered in singapore. The monetary authority of singapore (MAS) does not regulate them and has strongly warned against them.
Nevertheless, if you are interested in investing and trading cryptocurrencies in singapore such as bitcoin and ether, then one of the ways you can do is open a cryptocurrency virtual wallet. You can find a number of them around.
When choosing one, make sure that it includes:
- Anonymity
- Security
- Accessibility
Another thing is by opening a trading account for cryptocurrencies through cfds or contract for differences. This is where traders can speculate on the future prices by opening a CFD position.
And when trading using cfds, you will have to open a trading account through a broker. One known broker in singapore is IG.
It is one of the only brokers in singapore that offers cfds on cryptocurrencies. You can choose from either ethereum or bitcoin.
Ultimately, when you decide to start mining, investing, or trading cryptocurrencies like ethereum. You must be able to know the necessary things as well as have the means to go through it.
Always keep in mind the legal and regulatory impacts of particular projects. After all, this platform is still relatively new. So it is better to go through it with as much caution as possible.
What is ethereum? 4 things you need to know
The rise of cryptocurrencies is just one effect of the fast-paced technological advancements we now have in this era.
Cryptocurrency is a form of digital currency that is created through encryption. Unlike the traditional monetary systems, it works with a decentralized system.
Cryptocurrency has no physical form and is neither issued by a central bank or government authority. It solely exists as data on the internet that are created and managed through a blockchain.
Some of the most successful and known cryptocurrencies are bitcoin and ethereum. As singaporean who lives in one of the growing financial centres of the world, you might be already familiar with it.
However, maybe not quite yet since you are finding yourself here. But we are about to change that.
For this article, we will dedicate it to ethereum and shed some light on the things you must know about it.
If you are planning on a venture with ethereum singapore, then it helps to get yourself be familiar with these:
What is ethereum
Ethereum is a decentralized blockchain-based software platform. Its official website define it as:
“ethereum is a decentralized platform for applications that run exactly as programmed without any chance of fraud, censorship, or third-party interference.”
The code written on the ethereum blockchain can’t be altered, tempered, or hacked. This is ensured by cryptography.
Another important thing that must be noted with ethereum is that it is a decentralized programmable blockchain-based software platform. Its cryptocurrecy asset is called ether (ETH).
What this means is that ethereum allows you to build and execute ‘smart contracts’ and ‘distributed autonomous applications (dapps)’ through the inbuilt programming system language called solidity.
All of these without censorship, downtime, or any third party. The cryptocurrency asset (ether) then helps execute theses apps and contracts.
Thus, ethereum is also called programmable money. This is exactly what sets ethereum apart from bitcoin.
What bitcoin does is strictly being a digital currency that is designed to function as a means of payment.
Ethereum, on the other hand, works more than that, which is to act as a platform to create and run apps and smart contracts.
#1 what is A smart contract
We keep on dropping the term ‘smart contract’ when defining ethereum. But what is it all about?
A smart contract is basically a contract written in code that is uploaded by the creators to the blockchain. When a contract is executed, a node on the network runs it, uploaded to the blockchain, then stored in the public ledger.
Smart contracts work only when certain conditions are met. Once it does that, the program carries out the terms of the contract. The whole process and use of the contract is displayed on the blockchain for everyone to see.
If you tamper with the contract, every copy of the digital ledger would note this. In simpler terms, there is no way to get away with it.
The known advantage of smart contracts is that it is carried out without the need for “middlemen” like lawyers or notaries. No need to file papers and long transactions on your end. Also, there will be no fees involved.
However, when a bug appears that may affect the code of the smart contract, the blockchain will still carry out the terms of the contracts. This can be problematic.
#2 history of ethereum
Now let us take it back to where it all started.
Ethereum was created in late 2013 by a russian programmer named vitalik buterin. He formally announced it in january 2014 at the north american bitcoin conference in miami, USA.
As a student who previously founded bitcoin magazine in 2012, he invested in creating another form of cryptocurrency that can do what bitcoin could not.
Ethereum is introduced as not simply another cryptocurrency. Instead, it is an effort to code, run, and execute smart contracts and dapps independently without human interaction.
By july 2014, dr. Gavin wood joined as the co-founder with the ethereum foundation that bootstrapped the development of ethereum software. It raised $18 million during the presale of ether tokens.
#3 how (ether)eum is produced
Most people tend to mistake ethereum as the cryptocurrency to be produced. But contrary to that, it is actually the ether that will get produced or mined.
To properly distinguish both terms, ethereum is the network that is based on the blockchain technology; while the ether is the cryptocurrency that helps run the platform or network.
When mining an ether, miners get an incentive. The supply of ether is limited to 18 million per year. Every 12-14 seconds, there will be a new ethereum block that is mined. The reward for this is 5 ether, given to the computer who mined it.
#4 investing and trading cryptocurrency in singapore
As you may have read in the news, the singapore government does not really promote cryptocurrencies.
Cryptocurrencies are not legally tendered in singapore. The monetary authority of singapore (MAS) does not regulate them and has strongly warned against them.
Nevertheless, if you are interested in investing and trading cryptocurrencies in singapore such as bitcoin and ether, then one of the ways you can do is open a cryptocurrency virtual wallet. You can find a number of them around.
When choosing one, make sure that it includes:
- Anonymity
- Security
- Accessibility
Another thing is by opening a trading account for cryptocurrencies through cfds or contract for differences. This is where traders can speculate on the future prices by opening a CFD position.
And when trading using cfds, you will have to open a trading account through a broker. One known broker in singapore is IG.
It is one of the only brokers in singapore that offers cfds on cryptocurrencies. You can choose from either ethereum or bitcoin.
Ultimately, when you decide to start mining, investing, or trading cryptocurrencies like ethereum. You must be able to know the necessary things as well as have the means to go through it.
Always keep in mind the legal and regulatory impacts of particular projects. After all, this platform is still relatively new. So it is better to go through it with as much caution as possible.
Compare brokers in singapore
For our singapore comparison, we found 23 brokers that are suitable and accept traders from united kingdom.
We found 23 broker accounts (out of 147) that are suitable for singapore.
Forex.Com
Spreads from
What can you trade?
- Forex
- Crypto currencies
- Indices
- Commodities
- Stocks
- Etfs
About forex.Com
Platforms
Funding methods
69% of retail investor accounts lose money when trading cfds with this provider
Avatrade
Spreads from
What can you trade?
- Forex
- Crypto currencies
- Indices
- Commodities
- Stocks
- Etfs
About avatrade
Platforms
Funding methods
79% of retail investor accounts lose money when trading cfds with this provider.
Spreads from
What can you trade?
- Forex
- Crypto currencies
- Indices
- Commodities
- Stocks
- Etfs
About XTB
Platforms
Funding methods
82% of retail investor accounts lose money when trading cfds with this provider.
Spreads from
What can you trade?
- Forex
- Crypto currencies
- Indices
- Commodities
- Stocks
- Etfs
About IG
Platforms
Funding methods
76% of retail investor accounts lose money when trading spread bets and cfds with this provider
Plus500
Spreads from
What can you trade?
- Forex
- Crypto currencies
- Indices
- Commodities
- Stocks
- Etfs
About plus500
Platforms
Funding methods
76.4% of retail CFD accounts lose money
Axitrader
Spreads from
What can you trade?
- Forex
- Crypto currencies
- Indices
- Commodities
- Stocks
- Etfs
About axitrader
Platforms
Funding methods
68.5% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.
Etoro
Spreads from
What can you trade?
- Forex
- Crypto currencies
- Indices
- Commodities
- Stocks
- Etfs
About etoro
Platforms
Funding methods
75% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you can afford to take the high risk of losing your money.
XM group
Spreads from
What can you trade?
- Forex
- Crypto currencies
- Indices
- Commodities
- Stocks
- Etfs
About XM group
Platforms
Funding methods
77.19% of retail investors lose money when trading spread bets and cfds with this provider.
City index
Spreads from
What can you trade?
- Forex
- Crypto currencies
- Indices
- Commodities
- Stocks
- Etfs
About city index
Platforms
Funding methods
72% of retail investor accounts lose money when trading cfds with this provider
Easymarkets
Spreads from
What can you trade?
- Forex
- Crypto currencies
- Indices
- Commodities
- Stocks
- Etfs
About easymarkets
Platforms
Funding methods
83% of retail investor accounts lose money when trading cfds with this provider.
Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.
The ultimate guide to
Best online brokers for singapore
Singapore’s financial services sector has its origins from its secession and independence from britain as of 1965. Strategically located on the southern tip of the malaysian peninsula, singapore is a leading regional economy despite its status as an island city state with a population of only 5.9 million .
The primary stock market in singapore is the singapore exchange (SGX). The exchange holds international offices in beijing, chicago, hong kong, london, new york, mumbai, shanghai, san francisco and tokyo.
The SGX was formed in december of 1999 following the merger of stock exchange of singapore (SES) with the singapore international monetary exchange (SIMEX). The SGX exchange lists stocks and warrants, exchange traded funds (etfs), american depository receipts (adrs), trusts, including real estate investment trusts (reits) and business trusts among its securities products. The exchange also lists fixed income products, derivatives, commodities, currencies and indices.
The primary stock market index for the SGX is the FTSE straits times index (STI) a capitalisation weighted index that acts as the market benchmark. Its value is based on the performance of the 30 top companies listed on the SGX. The various former SGX indices were renamed iedge indices in 2018, and that change includes the TR/iedge SFI index for fixed income products and the iedge SG ESG leaders index.
Singapore’s national currency is the singapore dollar (SGD), which can then be subdivided further into 100 units called cents. The bank for international settlements (BIS) ranked the SGD as the 12 th most commonly traded currency in 2016, stating that it made up about 1.8% of the overall forex turnover that year. The SGD did not rank separately among the reserve currencies that were popular among central banks, as per the international monetary fund (IMF) .
The monetary authority of singapore (MAS) acts as the central bank when it comes to overseeing and managing exchange rate movements through market intervention whilst ensuring monetary and financial stability in singapore. It was formed in 1971 and became effective through the MAS act of 1970.
The MAS is also the principal financial sector regulator in singapore that both supervises and provides guidelines for financial institutions and insurance companies throughout singapore. Moreover, the MAS also acts as the sole regulator overseeing forex brokers based in singapore. Consequently, forex and CFD brokers need to be authorised by the MAS and commit to complying with the central bank’s strict standards prior to accepting clients.
How to trade in singapore
Traders from singapore looking for an online broker to execute forex or derivative trading such as contracts for difference (CFD) trading should be able to find many foreign brokers to cater for their needs, with the prerequisite of the broker being authorised by the MAS.
Brokers having MAS supervision will typically be preferable for traders from singapore due to their obligation of upholding a good reputation with singapore’s central bank. Moreover, it should also be possible to litigate locally in singapore should a dispute arise with the broker.
As a general principal, any foreign broker needs to be well regulated in a strict jurisdiction. This will ensure governance principals such as ensuring clients’ funds are separate from the broker assets. Brokers should also cater for a satisfactory range of services and have earned a good reputation with their clients to be considered as a potential trading partner.
Another factor to consider, is that many online brokers provide virtual money-funded demo accounts that traders can use to practice trading, check out their trading platform and a platform to test strategies. Moreover, brokers also offer funded accounts where traders need to provide a minimum initial deposit to start live trading. Many brokers will also cater to sharia compliant traders in singapore by providing sharia law compliant or islamic accounts without swaps on rollovers.
If language is an important consideration, be sure to check that the broker’s website and customer support offers services in your preferred language, whether it be english, mandarin, malay or tamil. The vast majority of online brokers will allow you to communicate with them and view their websites in english, although some might provide support for malay or tamil. Therefore, an idea may be to inquire ahead of time about any language requirements.
Additionally, regarding stock trading, the SGX aims to provide a fair and transparent market in various asset classes, including singapore based and foreign stocks. SEX trades are generally executed in SGD, although they can also be executed in U.S. Dollars since 2012 under its dual currency trading system. Moreover, as of august of 2004, the singapore exchange uses the trading software called SGX QUEST, an abbreviation of the SGX quotation and execution system. This system is employed for securities and derivatives trading on the SGX.
Biggest opportunities of trading in singapore
According to export.Gov , singapore presents opportunities in several market sectors, including healthcare and medical technology, energy and environment (oil and gas, water), defence and aviation, and information communication technology (ICT) and digital technologies (smart grids, fintech, , smart cities, ecommerce).
Singapore also has some major ongoing infrastructure projects with significant government contracts. These include:
- The construction of singapore changi airport terminal 5, including a third runway scheduled for completion around 2030.
- Singapore’s next generation port vision for tuas terminal. This four-phase project has a completion date of 2040.
- The second phase of the singapore deep tunnel sewerage system, which is targeted for completion in 2025.
- ICT tenders of $1.9 billion from the singapore government for smart city enhancements and other projects.
With respect to enforcing contracts, singapore ranked at the top of the list of countries surveyed by the world bank . For overall ease of doing business, singapore ranked an impressive second behind new zealand, while the city state ranked third for starting a business. Other areas where singapore ranked highly include protecting minority investors, paying taxes and dealing with construction permits, ranking 7 th , 8 th and 8 th respectively.
Biggest challenges of trading in singapore
Asian countries remain some of singapore’s top and closest trading partners, including china, hong kong/china, malaysia, indonesia and japan. Consequently, since china is singapore’s main trading partner, the current trade dispute between the united states and china might indirectly affect trade with china.
Singapore is a consistent net exporter with a positive trade balance, so the imposition of trade tariffs, trade wars and the failure of key trade agreements with china could potentially adversely affect the economy of the city state. Moreover, based on data compiled by the world bank in 2017, singapore’s extremely high trade to GDP ratio of 322.4 could imply an increase in the economy’s exposure to trade disruptions. Lastly, the world bank also ranked singapore 45 th in regards to trading across borders, 32 nd in obtaining credit and 27 th in resolving insolvencies.
Summary
Overall, traders and businesses looking to operate in singapore should find the country a fairly secure place to do business, especially regarding the financial services sector due to the strict oversight of the MAS. Moreover, as ranked by the world bank singapore also has a top ranking for enforcing contracts and ranked second overall for ease of doing business, offering a relatively competitive and safe place for a business to operate.
Traders seeking an online broker to trade with from singapore should find one authorised by the MAS and that offers a sufficiently broad range of asset classes and full featured trading platform. Furthermore, a broker should also enjoy a good reputation with clients, be competently regulated in its local jurisdiction and segregate its clients’ money from its own funds.
Why choose forex.Com
for singapore?
Forex.Com scored best in our review of the top brokers for singapore, which takes into account 120+ factors across eight categories. Here are some areas where forex.Com scored highly in:
- 19+ years in business
- Offers 300+ instruments
- A range of platform inc. MT4, web trader, ninjatrader, tablet & mobile apps
Forex.Com offers one way to tradeforex. If you wanted to trade EURUSD
The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.
How to buy ethereum (ETH)
A beginner's guide to buying and trading ether in singapore.
As the native asset of the ethereum network and one of the best known digital currencies, ether (ETH) can be traded on a huge range of crypto exchanges.
If you want to acquire some of this popular cryptocurrency for your portfolio but don’t know how, you’re in the right place. Keep reading for step-by-step instructions on how to buy ether.
How to buy ethereum in singapore
- Register for an account with an exchange like coinhako.
- Enable 2-factor authentication.
- Verify your account.
- Click “deposit SGD”.
- Transfer funds into your account.
- Click on “buy BTC”.
- Enter the amount of BTC you want to buy or the amount of SGD you want to spend.
- Review the transaction details.
- Click “buy BTC”.
Where to buy ethereum (ETH)
Ethereum vs ether: what's the difference?
Ether is the native token of ethereum, a smart contracts platform which developers can use to build and deploy decentralised applications. However, despite this fact, it’s quite common to see the platform’s currency also referred to as ethereum across crypto exchanges and online.
A step-by-step guide to buying ethereum
- Buying ether with singapore dollars
- Buying ETH with another cryptocurrency, such as bitcoin (BTC) or litecoin (LTC)
If you’re new to the world of cryptocurrency, you’ll most likely find that buying ETH direct with singapore dollars is the easiest option. However, we’ve also included instructions on how to buy ETH using another cryptocurrency (in this case bitcoin) if that is your preferred approach.
Buying ether with SGD
There are several exchanges that allow you to buy ether with singapore dollars, so make sure you compare the features and fees of a range of platforms before deciding which one you’d like to use.
For this example, we’ll show you how to buy ETH with SGD on coinhako.
Step 1. Register for a coinhako account
You can sign up for a coinhako account by providing your email address and creating a password. Before you can trade, you’ll need to verify your account by doing the following:
- Verifying your email address and phone number
- Uploading proof of ID (front and back) and proof of residency
- Uploading a photo of yourself holding a handwritten statement and ID document
Remember to also enable 2-factor authentication on your account for extra security.
Step 2. Deposit funds into your account
From your coinhako account dashboard, click the “deposit” button. You’ll then be able to access the necessary details to transfer funds into your account via xfers or inter-bank transfer.
Click on the “buy bitcoin” button. Specify how much ETH you want to buy or how much SGD you want to spend, then take a moment to review the full details of the transaction before you click “buy”.
Buying ether with another cryptocurrency
If you want to exchange another cryptocurrency for ETH, there are myriad exchanges that allow you to do so. Make sure you compare the features and fees of a range of platforms before deciding which one you’d like to use.
To provide a clear example of exactly how to buy ETH with another cryptocurrency, let’s look at how to complete this transaction on binance.
While ether can be purchased using a number of popular cryptocurrencies, bitcoin is the easiest to acquire and trade.
If you already have some BTC, skip ahead to step 2. If you don’t, you can find step-by-step instructions on how to acquire some in our guide to buying bitcoin.
Step 2. Register for a binance account
Navigate to the binance website and click the “register” link at the top right of screen. You can then sign up for an account by entering your email address and creating a password. Remember to activate 2-factor authentication before proceeding to step 3.
In addition, please be aware that if you want a higher account withdrawal limit than 2 BTC, you’ll need to provide proof of ID.
Step 3. Deposit BTC into your binance account
If your bitcoin is already stored on binance, skip ahead to step 4.
However, if your BTC is stored on another exchange or in a bitcoin wallet, you’ll need to find the address of your binance wallet so you can transfer the BTC into your trading account.
To do this, you’ll need to log in to your binance account, click the “funds” drop-down menu and then select “deposits”. Choose bitcoin from the list of supported currencies and copy the wallet address or scan the QR code provided.
This is the destination address you must use to send a BTC deposit to binance from your private wallet.
Now it’s time to click the “exchange” tab near the top left of screen and choose the “basic” trading view. Use the search box provided to find the BTC/ETH trading pair and then choose a limit, market or stop-limit order.
Enter the amount of ether you want to purchase, but remember to review all the details of the transaction before clicking “buy ETH”.
How to sell ether
If you want to sell your ETH tokens, the good news is that they can be exchanged for an extensive range of digital and fiat currencies on many different exchanges.
The selling process is similar to the buying process outlined above in step 4, except for the key difference that you’ll need to enter your transaction details in the “sell” field.
Which wallets can I use to hold ether?
While some people choose to store their crypto tokens in their exchange account, this is not recommended. As exchanges are regular targets for hackers and thieves, it’s generally considered a much safer option to move your ETH tokens into a wallet which allows you to retain full control of your private keys.
Happily, there are heaps of choices available when searching for an ethereum wallet. Options you might like to consider include:
- Hardware wallets like the ledger nano S and TREZOR
- Mobile wallets like coinomi and enjin
- Desktop wallets like exodus and ethereum wallet
- Web wallets like myetherwallet
- Web browser extensions like metamask
How ethereum works
Launched in 2015, ethereum is an open-source blockchain platform which developers can use to build and run decentralised applications (dapps). Its key feature is that it allows developers to create smart contracts, which are self-executing contracts that automatically complete tasks when specific conditions are met. As an example, a basic smart contract could say, “pay john $50 if he emails me a 10-page report on pet obesity by 30 november 2018”.
These smart contracts are executed by the ethereum virtual machine (EVM), which is powered by a decentralised international network of nodes. In the real world, ethereum can be used to power dapps and smart contracts across a diverse range of industries, including everything from finance and insurance to supply chain management, betting and file storage.
Ether is the native cryptocurrency of the ethereum network. It is used by developers to pay for transaction fees and services on ethereum, and can also be traded on a wide range of crypto exchanges.
What to consider before you buy ether
Cryptocurrencies are complicated and volatile assets, and buying any digital coin or token comes with a high level of risk attached. Before you buy, make sure you do plenty of research and that you recognise those factors that could potentially drive the price of a crypto asset either up or down
If you’re thinking of buying ether, consider the following factors first:
- Supply. According to coinmarketcap, at time of writing (october 2018) the circulating supply of ETH was 102,883,734. Unlike bitcoin, ether does not have a maximum supply cap limit but instead an annual issuance capped at 18,000,000 ETH per year. Find out more in our guide to the ETH inflation rate.
- Move to proof-of-stake. Though it started life as a proof-of-work cryptocurrency, ethereum will soon be shifting to a proof-of-stake system as part of the casper update. Designed to improve scalability and tackle centralisation, casper’s success (or otherwise) will have a big impact on the future of ethereum.
- Market leader. As it stands, ethereum has the biggest profile of all the dapps platforms currently in existence. Thanks to its early-mover advantage, ether is the world’s second largest digital currency in terms of market cap and the ethereum platform is synonymous with the development of dapps.
- Competition. However, ethereum is also operating in an increasingly competitive market sector. NEO, lisk, EOS and cardano are just some of the dapp platforms that look set to compete with ethereum in the future.
- Enterprise ethereum alliance (EEA). The EEA is a non-profit corporation that aims to accelerate the adoption of ethereum’s blockchain technology by businesses. If it can successfully drive increased use of ethereum, this could potentially lead to increased demand for ETH.
Faqs
Can I buy ethereum with a credit card?
Yes. Sites like coinbase and bitit allow you to buy ETH using your credit card.
So, let's see, what we have: contentwhat is ethereum#1 what is A smart contract#2 history of ethereum#3 how (ether)eum is produced#4 ... Read more >> at ethereum broker singapore
Contents
- Top forex bonus list
- What is ethereum? 4 things you need to know
- What is ethereum
- #1 what is A smart contract
- #2 history of ethereum
- #3 how (ether)eum is produced
- #4 investing and trading cryptocurrency in singapore
- What is ethereum? 4 things you need to know
- What is ethereum
- #1 what is A smart contract
- #2 history of ethereum
- #3 how (ether)eum is produced
- #4 investing and trading cryptocurrency in singapore
- Compare brokers in singapore
- We found 23 broker accounts (out of 147) that are suitable for singapore.
- Forex.Com
- Avatrade
- Spreads from
- What can you trade?
- About avatrade
- Platforms
- Funding methods
- Spreads from
- What can you trade?
- About XTB
- Platforms
- Funding methods
- Spreads from
- What can you trade?
- About IG
- Platforms
- Funding methods
- Plus500
- Axitrader
- Etoro
- XM group
- City index
- Easymarkets
- Best online brokers for singapore
- How to trade in singapore
- Biggest opportunities of trading in singapore
- Biggest challenges of trading in singapore
- Summary
- Why choose forex.Com for singapore?
- How to buy ethereum (ETH)
- A beginner's guide to buying and trading ether in singapore.
- How to buy ethereum in singapore
- Where to buy ethereum (ETH)
- A step-by-step guide to buying ethereum
- How to sell ether
- Which wallets can I use to hold ether?
- How ethereum works
- What to consider before you buy ether
- Faqs
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