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How to buy Bitcoin [& Ethereum] in Australia?
CHRISTIAAN VOS
1 HOUR AGO
Buying Bitcoin (BTC) in Australia can be done through crypto exchanges, ATMs and by trading with other parties.
More and more people are discovering Bitcoin and other cryptocurrencies, which is good for the adoption of digital money on the blockchain. Interest in Bitcoin is also growing in Australia and companies are responding positively. For example, there are various ways to buy Bitcoin in Australia.
Trading Bitcoin is more than just buying and selling. So, what is the best place to buy Bitcoin and what is the most secure way to store a Bitcoin investment? Discover in this article different ways to buy Bitcoin in Australia, how to trade Bitcoin and the ways to store cryptocurrencies.
Various ways to buy Bitcoin in Australia
If you like to invest in BTC in Australia, there are several ways you can opt for. The most common way is by buying Bitcoin through a crypto exchange. By connecting a bank account, credit or debit card to the crypto exchange, it becomes easy to convert fiat currencies into cryptocurrencies.
Investing in Bitcoin with cash is also possible through a Bitcoin ATM. With more than 200 places where a Bitcoin ATM is located, it can be quite a search to find a crypto ATM in Australia. Oceania’s largest country is not much smaller than the United States, but it has remarkably fewer ATMs. By comparison, the city of Los Angeles, with some 2,000 Bitcoin ATMs, has 10 times as many facilities where it is possible to buy Bitcoin with cash.
In addition to buying on an exchange or through a Bitcoin ATM, there is an option to use peer-to-peer (P2P) exchanges. This way makes it possible to buy Bitcoin directly from a person through a marketplace. However, this way is less well known, but it brings several advantages. For example, P2P exchanges often have more liquidity than traditional exchanges, fees are lower and exchange rates are better.
The fourth way to buy Bitcoin is through over-the-counter (OTC) trading. This way, it is possible to easily buy large amounts of BTC. These transactions are concluded directly between two parties; there is no order book involved. This way of buying Bitcoin is especially popular among wealthy investors and institutional parties who trade Bitcoin for very large amounts of funds.
Bitcoin ATMs in Australia
To convert cash to cryptocurrencies such as BTC, Bitcoin ATMs are the ideal devices to complete this exchange. This is also the only way to convert cash directly to cryptocurrencies. Especially in major cities, such as Sydney and Melbourne, there are many Bitcoin ATMs that can be utilized to buy Bitcoin.
In addition to Bitcoin, it is often possible to buy Ether
ETH and Litecoin LTC at these ATMs. There are even ATMs where XRP
XRP and Dogecoin DOGE can be purchased. These altcoins can only be bought. Selling cryptocurrencies is a lot less common at ATMs. However, there are ATMs where it is possible to both buy and sell Bitcoin.
How to trade Bitcoin in Australia?
It is important to choose a reliable crypto exchange that meets all the requirements and needs of a crypto trader. For example, a cryptocurrency exchange with a good reputation, low fees, a significant user base and a large supply is more attractive than an exchange where trading is expensive and the supply is small.
After choosing a crypto exchange, it’s time to create an account with the exchange in question. By going to a crypto exchange’s homepage and pressing the Register button, the process of creating an account can begin. By providing all requested personal information and setting up two-factor authentication, the account is ready to use.
To ensure that the customers are genuine when the account was created, they must verify their identity. Most exchanges use a Know Your Customer (KYC) process, which requires customers to reveal their identity. This may involve uploading a copy of the person’s government-issued ID and proof of residence.
After creating an exchange account is fully completed, it is time to provide the exchange account with funds. This can often be funded through your bank account or credit card so that the account is endowed with fiat currency and ready for trading on the crypto market.
Trading Bitcoin can begin by placing an order on the exchange. It is possible to buy or sell Bitcoin at a specific price or to place a limit order to execute a transaction when the price reaches a certain level.
Once Bitcoin is bought, it is important to keep an eye on the price. Keep an eye on the market and monitor trades. Most cryptocurrency exchanges allow alerts to be set up, which go off when the price of Bitcoin reaches a certain level.
Australia-based Bitcoin exchange
Residents of Australia can use a lot of different crypto exchanges, including well-known platforms like Crypto.com and Coinbase. Major exchanges like these have millions of users and a large selection of cryptocurrencies, but what are the crypto exchanges to buy Bitcoin in Australia?
There are also several cryptocurrency exchanges based in Australia. Each exchange has its own fees, services and assortment. Therefore, it is wise to research exchanges well before choosing one. The following are the available options when looking for an Australian cryptocurrency exchange:
* ZenGo
* Swyftx
* CoinSpot
* BTC Markets
* Independent Reserve
Does Binance work in Australia?
It is also possible for Australians to use Binance for cryptocurrency trading. Tens of millions of crypto investors buy their cryptocurrencies here and use Binance’s services, such as crypto staking or margin trading. With more than 600 different tokens in their range, this platform is of interest to many investors.
To use Binance for Bitcoin trading in Australia, an account will first have to be created on the platform and then the verification process must be completed. This may involve uploading a copy of your government-issued ID and proof of residence. Once the account is verified, it is possible to fund it with a supported payment method and start buying and selling cryptocurrency.
How to store Bitcoin in Australia?
When investing in Bitcoin, not only is the method of buying important, but also the way the cryptocurrencies are stored. Like fiat currencies, digital currencies can be stolen, so that's why it’s important to protect the Bitcoin investment as best as possible. There are several crypto wallets that can be used, each of which has its own advantages and disadvantages.
Many beginner crypto investors use an exchange wallet. This is the wallet used when trading on an exchange. This is the easiest way to store cryptocurrencies,but also the riskiest medium. With an exchange wallet, the private keys and seed phrase are owned by the exchange itself, so the crypto investor has no control over the cryptocurrencies in the exchange wallet.
This is why a software wallet is considered a better option. Crypto investors who use a software wallet own private keys and, therefore, have full control over their own coins. Do not share this code with anyone, as this is a unique key that opens the door to the cryptocurrencies in the wallet. Software wallets are available as desktop wallets and mobile wallets, allowing users to use their cryptocurrencies anytime and anywhere.
However, software wallets are not considered the most secure option because tokens are stored online. The most reliable crypto wallet is a hardware wallet. Hardware wallets are physical devices that store Bitcoin and altcoins offline. They offer an extra layer of security because they are not connected to the internet. As a result, hardware wallets are less vulnerable to hacking.
Bitcoin taxes Australia: How much tax on Bitcoin profits?
In Australia, Bitcoin and other cryptocurrencies are treated as property for tax purposes. This means that buying, selling and trading causes capital gains tax to potentially be paid. This tax must be paid on the profits made.
The Australian Taxation Office (ATO) has issued guidance on the tax treatment of Bitcoin and other cryptocurrencies. According to the ATO, Bitcoin transactions are subject to capital gains tax if the Bitcoin has been owned for more than 12 months. For investors, who have owned Bitcoin for less than 12 months, profits are being treated as ordinary income.
In addition to tax regulations, the Australian Securities and Investments Commission (ASIC) has issued guidance on the use of Bitcoin and other cryptocurrencies in the country. According to ASIC, Bitcoin and other cryptocurrencies are not legal tender in Australia and are not regulated by the government. However, companies dealing in Bitcoin and other cryptocurrencies may be required to hold an Australian Financial Services Licence (AFS).
https://cointelegraph.com/news/how-to-buy-bitcoin-in-australia
Eth soon to move north with most, NEXT WEEK.
Crystal, Clear, to see.
XRP and IOTA are Completely Centralized: Vitalik Buterin
21 December 2022 Andrew Throuvalas
https://cryptoadventure.com/xrp-and-iota-are-completely-centralized-vitalik-buterin/
"Ethereum co-founder Vitalik Buterin spoke out on Monday against centralized projects associating themselves with the “crypto” ecosystem. The founder called out IOTA and XRP in particular, which he called “completely centralized.”"
-- "He then jabbed XRP, calling the cryptocurrency “completely centralized” despite its listing on CoinMarketCap. He called out Ripple for lobbying the U.S. government to favor XRP over Bitcoin and Ethereum, claiming they were “China-controlled.”"
Ethereum in 2023 with Vitalik Buterin
Watch out for deep dive in crypto ponzi. Tether pegged to dollar not a good idea next year, need to watch it closely. I’m getting all kinds of women telling me how much they know about it and bragging all the time about it. Trying to get everyone into it. My warning, if your hairdresser or nail salon pumps up crypto, it’s time to get out. U have been warned. BTC may be only ship that floats next year. Disconnect coming, not good for alternatives.
I just took a bigg dump. Butt Ethereum will be in the hunnerts by 15 January 2023, if nott by 31 December 2022.
This turd will gett flushed.
Want to buy more but I have to see open tomorrow
How's that boost looking?
If you buy now expect a big dump back down to where it sat maybe even lower tomorrow
I see Another bear trap coming along….lol
Lower than expected CPI numbers should give this a boost. Let's go!
$ETH.X
Wow you should rethink what you’re doing
How Long Before Ethereum Price Reaches the Bottom? And What Will That Be?
by NewsBTC 1 day ago in Company News Reading Time: 12 mins read
The Ethereum price has been on a downtrend since late 2021. The series of slips over the months raises the question – how long before Ethereum reaches the bottom? This article tries to answer that question with help of ETH’s price history since 2014, performance over 2022, and key milestones ahead. Let’s get started.
How Long Before Ethereum Price Reaches the Bottom: Summary
Ethereum, which climbed to $4,891.70 in Nov 2021, is down to $1,211.13 a year later. That is 75.31% down from its all-time high. The Luna fall, FTX bankruptcy, a series of scams and hacks have taken most cryptocurrencies on a downward spiral. Ethereum has fallen prey to the downturn too.
While most investors thought that Ethereum would find a bottom at $3500 early this year, the coin proved them wrong by stooping lower. In fact, ETH was below the petrifying $1000 mark at one point. But the coin has bounced back each time it was about to hit the mark again, which reinstates faith in its future. This includes the time when an FTX hacker reportedly dumped over 30,000 ETH in Nov 2022. The perseverance of the token amid the aftermath of the FTX bankruptcy and the long-drawn crypto winter gives hope...Please Note that article is much longer and available at the link below:
https://newsbtc.com/news/company/how-long-before-ethereum-price-reaches-the-bottom-and-what-will-that-be/
Soh….hows that coming along? Lol
DOGE Elon about to buy $4 billion of $DOGE $ETH and $BTC for Twitter payments ….
Heard it here first
Bitcoin and Ether fall with crypto top 10 as Fed raises rates 75 bps
Bitcoin and Ether fell in Thursday morning trading in Asia along with all other top 10 cryptocurrencies by market capitalization, excluding stablecoins, as the U.S. Federal Reserve announced a fourth consecutive rate hike of 75 basis points on Wednesday. Leading memecoins. Dogecoin and Shiba Inu token saw the heaviest losses after several days of significant gains following Elon Musk’s purchase of social media platform Twitter Inc.
[url][/url][tag]https://finance.yahoo.com/news/markets-bitcoin-ether-fall-crypto-004321748.html [/tag]
That was a funny childish little bear trap….nice try though
Ethereum Dominance Rises
Ethereum's dominance, the ratio of its market cap to the total crypto market cap, rebounded to 19.67% this week with the recent crypto price bounce. It fell below 18% from around 21% following Ethereum's merge to a proof-of-stake network in mid-September, data from Trading View shows. Bitcoin, the largest cryptocurrency, maintains its dominance at 39% of the market.
They’re gaining their losses mainly because of the fact that they had so many 401(k)s going up the ass and now they’re looking for another outlet go try pennies
Good luck with freedom bullshit!!
No one really gives any shit about fidelity they just expand from the GameStop Profit they got but no interest in any on going trade for crypto…!!!!!
They better pay attention now….!
This will come back in time.
And then some.
Fidelity To Support Ethereum Trading For Institutions
by Taylor Scott 5 days ago in Cryptocurrency news, Ethereum Reading Time: 3 mins read
Fidelity Digital Assets is adding support for Ethereum trading for institutional trading effective at the end of the month. The news comes through a widely amplified screenshot of a leaked email that was reportedly sent to the firm’s clients.
Lets take a look at what we know in the early days around this leak, with realized support for Ethereum expected to be just a week away.
Fidelity Digital Assets Makes A Big Stride
Fidelity Investments operates one of the biggest financial institution behemoths on the planet, and has shown continued investment in their digital asset division. While the perspective last year from Fidelity Digital Assets – throughout the midst of the bull market – was that institutional demand for Ethereum was not sufficient, that seems to have changed course. According to reports surrounding the leaked memo, Fidelity Digital is expected to offer Ether buying, selling and trading for institutional clients as early as October 28.
The move is surprising to some, considering the bear market conditions that have persisted this year.
The Building Blocks Of Institutional Investment
This announcement, however, might not be surprising to all. A survey conducted by Fidelity Digital last year that engaged financial advisors, high-net-worth investors, hedge funds, family offices, endowments and foundations, and similar businesses across the globe, found that price volatility and lack of fundamentals have been two main drivers behind skepticism around digital asset investments.
One year later, the market has found relatively stability (albeit, bear market stability) compared to years past, and there is more use cases behind Ethereum blockchain-based utility than ever before. Has that been enough for the tide to turn when it comes to institutional investment? This move from Fidelity Digital suggests so. Additional movement throughout this year has suggested Fidelity’s interest in continuing a push into digital assets, too, such as a bullish perspective in recent months from Fidelity’s Director of Macro Jurrien Timmer, and company-wide support for Bitcoin allocations in employee 401k’s. Just last week, the company continued it’s push, launching an Ethereum Index Fund.
We’ll see how institutional investment responds to Fidelity’s new offering, but regardless, it only bodes well for the big-picture future of the broader crypto landscape.
https://www.newsbtc.com/news/fidelity-to-support-ethereum-trading-for-institutions/
SPELLUSD Little brother. Still under the radar.
Bitcoin vs. Ethereum smart contracts — Interview with Muneeb Ali: Watch Market Talks
Join us as we discuss the merits of building on Bitcoin with Muneeb Ali and our host, Giovanni Pigni.
https://cointelegraph.com/news/bitcoin-vs-ethereum-smart-contracts-interview-with-muneeb-ali-watch-market-talks
Even lower it goes again today…..yayyyyyy
So the more you buy the lower it seems to go….this thing is moving in reverse..go figure
The Global cryptocurrency market cap woke up to register another drop of 3% over the past day. It now stands at around $917 billion. The mixed reaction in the US stock markets and crypto market can be witnessed as the investors are looking forward to the Consumer Price Data (CPI). However, the investors are also keen to see the minutes of the Federal Reserve’s last meeting.
Grabbed a couple more on the dip, so I can buy bone. Watch it dip more now. lol
KING OF THE DAPPS!
Phase 3 is coming! SHARDING! I also found out my niece is in on ethereum. Nothing could make me happier. Success runs in the blood! Ya either got it, or ya dont! KING OF THE DAPPS!
Take your chances on the lottery. OR waste all your money at the casinooooo!
SERENITY!
The Ethereum Merge: What Is Trading Headed Towards?
by NewsBTC 1 hour ago in Company News Reading Time: 6 mins read
If Bitcoin is the digital gold of the crypto sphere, then Ethereum is the digital silver. The blockchain powerhouse headed by Vitalik Buterin has taken the world by storm since its foundation in 2015, and its price journey has outperformed BTC on several occasions.
From its starting value of just under $1, the price of Ethereum surged to more than $4,800 last year. This was some of the biggest Ethereum news, but 2022 has marked a major landmark in this cryptocurrency’s journey: The merge!
The merge is seriously exciting, from overhauling price predictions and revolutionising trading to taking Ethereum into the future. Today, we’ll look at how it will change things and cover everything you need to know. But first, what exactly is The Merge?
What Is The Ethereum Merge?
The Ethereum Merge has been a long-awaited upgrade of the digital framework of the world’s second-biggest cryptocurrency that an inefficient energy-sapping system has long been plagued by.
By swapping proof-of-work (PoW) for proof-of-stake (PoS), a seriously difficult and time-consuming task like a digital version of switching the engine of a car, Ethereum has now achieved energy efficiency and can class itself as one of the few environmentally-friendly cryptocurrencies that now consumes around 99.9% less energy.
To put this into perspective, this transformation is equal to the country of Finland closing down its national power grid, according to Digiconomist.
And it’s not just energy efficiency that The Merge will bring. According to the team behind the Ethereum network, the transition from proof-of-work to proof-of-stake will lead to more security and scalability for the Ethereum platform, which is home to more than $60 billion worth of crypto exchanges, lending companies, and non-fungible token (NFT) marketplaces.
“If you’re investing in Ethereum or any kind of blockchain technology, you’re investing in something in its early days. You’re going to need a long-term time horizon to see how things evolve. I really don’t think there’s a lot that folks who own Ethereum should be doing at this point.” – Doug Boneparth, financial advisor.
But amongst the ever-sceptical crypto community, many people are eagerly eyeing up The Merge and are keen to see how it will perform in the next few months. Is this the key to a bright future for Ethereum, or is it all just hype? Most importantly, how will it impact the price of Ethereum in future?
To answer this demand for answers, let’s delve into five ways that the Ethereum merge can affect trading and the wider world of cryptocurrency.
Can The Merge Secure Ethereum Against Hackers?
There is a lot of money involved in crypto, and the blockchain is a prime target for online hackers. In 2022, losses stemming from crypto hacks have skyrocketed by 60% to a staggering combined value of $1.9 billion. Naturally, many people are keen to know if The Merge can make the Ethereum network more secure against hackers.
The blockchain will always have weak spots for hackers to take advantage of; The Merge has arguably made advances to secure the Ethereum network. For example, the cost to validate transactions on the Ethereum blockchain is 33 ETH, or around $55,000.
This initial investment is a significant barrier for hackers to gain access to the network, with no guarantee that their attack will be successful. However, what can be a step towards higher trustworthiness is to always look for purchasing Ethereum from reliable trading platforms such as Kucoin, Gemini, Immediate Edge or Coinbase just to limit the exposure to scams as much as possible.
Can More People Use The Ethereum Network Now?
One of the most popular aspects of the Ethereum network is that those who use it can earn rewards through their participation in the network, thereby securing it in the process. Following The Merge, the rewards opportunities are now open to more people as there is much more room for new users to use the network now.
Following the transition to proof of stake (PoS), miners no longer validate transactions on the Ethereum blockchain. Instead, validations are carried out through the staking process. This means that users who hold Ethereum tokens can now stake some of them to validate transactions and secure the Ethereum network. In return, users are rewarded with a fraction of the transaction fees.
Mining, an intense and expensive to run operation, required advanced computer equipment and knowledge to be done effectively. This presented a barrier for many people. Staking, however, is not only beginner-friendly, it’s cheaper to start with and much more straightforward to get involved and reap the benefits.
As well as the Ethereum blockchain itself, various widely used platforms like Coinbase, Lido Finance, and some platforms available through services like Immediate Edge offer the chance to stake Ethereum simply via an automated process. APY rates are currently between 3% and 3.8% on most major platforms.
If you wish to stake your Ethereum, fully understanding how the staking process works beforehand is important. Once you stake, you’ll be unable to trade your staked amount for a pre-agreed period of time. However, if you’re a long-term investor, this is no issue.
Compared to traditional dividend stocks, the interest rates awarded for staking Ethereum after The Merge are vastly superior. It provides the chance for Ethereum holders to earn a passive stream of income automatically. Thus, it presents another good reason to own Ethereum that will likely drive more people to invest in it.
How Will Energy-Efficiency Affect Ethereum?
The environmental drain of cryptocurrencies like Ethereum has long hindered their scalability. However, The Merge will now see Ethereum use around 99.9% less energy, a huge boost to its sustainability and the key to more widespread adoption.
Through its transition to proof of stake, Ethereum is sending a message to those seeking to regulate the crypto market that it can adapt to the future and place the preservation of the planet at the forefront of its foals.
Recently, the White House Office of Science and Technology Policy (OSTP) conducted an in-depth report on the Climate and Energy Implications of Crypto-Assets in the United States, showing that mainstream adoption of cryptocurrencies is becoming increasingly considered by the highest levels of government.
Many are hoping that the Ethereum Merge will only lead to more research and collaboration between the crypto industry and global governments, which will hopefully have a massively positive effect on the value of crypto overall.
Will Ethereum Gas Fees Lower After The Merge?
One of the biggest drawbacks of the Ethereum network is the Gas fees. This is the obligatory fee that comes with any form of transaction carried out on the Ethereum blockchain. They are paid using Ethereum’s native token of ETH and often rise dramatically if there is an increased demand for processing transactions.
At some of the highest traffic periods on the Ethereum blockchain, gas fees can surge to hundreds of dollars. As a result, it can be completely inefficient for many. So many people are questioning if The Merge will lower these Gas fees.
The answer? Yes, and no. Gas fees are predicted to lower in future, but not straight away. The transition to proof-of-stake won’t expand Ethereum’s network capacity, which is needed to lower gas fees.
However, the Ethereum network is implemented a Layer 2 technology called roll-ups; This effectively “rolls up” a wide range of transactions off of the Ethereum blockchain, processes them, and then subsequently records a smaller, compressed version on the main Ethereum blockchain. To realise the introduction of this technology, The Merger is vital.
How Will The Merge Affect The ETH Price For Investors?
Now, we reach the most important question: How will The Merge affect investors like you? Many of you may have been initially disappointed to see the price of ETH plummet after The Merge, as many people expected the complete opposite.
However, it’s important to remember that the effects of The Merge will not be immediately made apparent. The Ethereum network will not become high-speed with low transaction fees straight away; it will take place over the next few months and years.
All these positive upgrades to Ethereum can attract more investors, bringing the supply of ETH down and positively affecting the price of Ethereum’s native token.
In Conclusion: The Future Is Bright, The Future Is Merged!
And so, to sum up: The best way to explain The Merge is as a foundation for the future of Ethereum. From high speeds to lower fees and overall environmental efficiency, The Merge results have the potential for an Ethereum bull run sometime soon.
Ethereum may now be primed for new institutional investors who prioritise environmental, social, and governance (ESG) practices but have been dissuaded in the past due to Ethereum’s high energy consumption. Following The Merge, Ethereum is now an energy-efficient and more environmentally friendly asset to own.
It’s clear that some majorly positive changes are coming to the Ethereum network. But a lot will stay the same in the early days of The Merge. At least, for now. Over the last five years, Ethereum has provided a return on investment of 600%. Will that number be surpassed in the coming months? Only time will tell.
The future of Ethereum looks bright following the benefits that The Merge can bring. But as with any cryptocurrency, nothing is guaranteed. Always invest responsibly and seek out the advice of a licensed financial advisor if you’re investing in cryptocurrency for the first time. Trading digital currencies can be highly volatile and are not recommended for everybody.
https://www.newsbtc.com/news/company/the-ethereum-merge-what-is-trading-headed-towards/
Great post. I always welcome the other side of the argument and not just the "it's a scam or it will be $xx soon" responses. Only time will tell on how Ethereum going to POS will impact it in the long haul, but the good thing is that this market is still evolving and the technology keeps improving.
$ETHUSD
$~700 in 6-10 months. Don't get crypto head...watch the history in crypto patterns instead. Make $ on ETHDOWN short coin. Me likey.
Many are not missing the point. Many will abandon ETH as it is no longer decentralized. This whole project was the "fractional reserve failure's" bait and switch. People are always seeking to demonize miners, but they need to consider they provided a large portion of ETH's user base. I have used my mining rewards for purchases. I have helped support and build a trading market for the crypto with which I was mining. I will no longer be nearly as active within this ecosystem.
I have a love hate relationship with ETH, and yes, I do agree that the progression here will take time. Time, however, could also reveal major issues. Growing pains here have just begun with the POS transition. Other POS networks have already undergone much of their growing pains... So why invest here now? The potential here is to lock up your funds staking, only to lose out in other areas where you are not restricted by the inability to access your funds.
Lets be honest, 10% annual returns are nothing in the crypto world... Who cares about 10% when you could lose 50% (or more) of your original investment before you even see the measly 10%. Also, what happens if it does go up 100-200%? Oh wait, your locked in with staking and stuck twiddling your thumbs, unable to lock in that gain...
Both CNBC and Motley fool have both reported ETH user base is contracting. Pretty much common sense though, with miners leaving the network. Overtime ETH may see the user base start to build again... but, once again, this will take time..
And, as for the "green" transition.. Well ETH going POS has NOT stopped me from mining. This is the case for almost everyone I know. None of us have stopped mining. I have mined ETH at a loss and HODL'd, just like I will mine other projects at a loss and HODL... Just because Ethereum Devs want to believe they have made crypto "greener" shows just how eth-centric they are. Pretty narcissistic...
This is my 2 cents. I do not want to see ETH fail, as I want crypto to succeed and ETH succeeding is best for crypto.
ETHW Airdrop to ETH Holders
Dear AP,
The Ethereum mainnet has successfully migrated to Proof-of-Stake. After the upgrade, a Proof-of-Work Ethereum spinoff blockchain went live and created a new token, Ethereum PoW (ETHW).
We are pleased to announce that the ETHW airdrop has been distributed to all eligible ETH holders on the Nexo platform, Nexo Pro, and Nexo Prime.
No kidding. A lot of people are missing the point with Ethereum. The Merge was suppose to be done to improve the future of the technology, and was never meant to boost the price of Ether in the short term.
IMO, only swing traders and those who don't understand the technology care about the current price action. The value will come over time as improvements to the ecosystem continues (i.e. lowering gas fees, improving the speed of transactions, etc.). Sure, they are competing with other technologies like Solana, but Ethereum is winning the popularity contest and is better established.
One thing is for sure, this is not a one trick pony like Bitcoin, which only acts as a digital currency, but Ethereum also enjoys a solid backing.
GLTA!
If we all had COIN s
Then fiat is obsolete
Trading Shopping.
How ti reduce the volitility.
Follow the cost of living, you get paid by the hoir the cost of living, a coin fluctuates. How can you buy or sell bass, if you ler the entire ocean rise and fall in their order
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