How can Ethereum be traded and earned?

ETH can be acquired as a purchase at an exchange, exchanged with someone else, earned through competitive mining or acquired as a payment for goods or services. 

Like Bitcoin and other cryptocurrencies, ETH can be traded on a cryptocurrency exchange. Using the larger centralised exchanges such as Binance, Kraken and Coinbase, an individual or entity can buy, sell and trade fiat or another digital asset for ETH. Further to centralised exchanges, ETH can be traded via mainstream brokerage platforms such as Robinhood or Paypal. Miningstore can assist with all types of trading fundamentals on cryptocurrency trading, including their very own Trading Academy in which you can begin to learn to capitalise on the blockchain market within crypto currency exchanges, such as the buying and selling of ETH. Furthermore, If this is your first time buying ETH, then we strongly recommend you watch the following video. Topic 2: Setting up your Exchange Accounts & Wallets. Once you have watched this video you will know how to buy ETH or other cryptocurrencies on Coinbase or Mine Digital. You can also head to coinmarketcap to find out many other places to buy ETH. 

Furthermore, ETH can be exchanged peer-to-peer. Here, an individual or party can make a direct deposit of ETH as a digital currency to another individual or party without the need of a centralised intermediary. Here, the most common practice of sending and receiving ETH is crypto wallets. Many popular online (or mobile apps) such as MetaMask, Trust Wallet, Coinbase wallet can be used as online wallets to transact with crypto very easily. These wallets are usually protected by two-step encryption. Alternatively, hardware (or cold) wallets such as a harddrive or USB stick in which an individual can connect to a computer when they please in order to use their crypto can be used. 

Competitive mining is also another means of earning ETH. To mine ETH, like Bitcoin, miners across the globe compete to solve cryptographic math equations, with those successful in solving the equations being rewarded in ETH as a reward for securing the network, verifying transactions and adding blocks to the blockchain. ETH mining involves graphics processing units, or GPUs, which differs to Bitcoin mining technology which nowadays is exclusively mined with specialised hardware, called ASICs. The GPU rigs utilise complex math equations to verify electronic transactions using a computer graphics card. As a result, GPU miners may offer limited solutions for mining, however, this may be a feasible option for those who are happy to use the limited options available. They are proven to be a cost effective option for those seeking to begin cryptocurrency mining, being comparatively easier to get started with and can be adapted to a computer that already has a gaming card. Some things an individual may need to keep in mind is how much electricity will be required to run the miner, and the lifespan of the miner (which is usually 3-5 years). Miningstore specialises in providing Miners and can certainly assist with ETH mining, offering an array of GPU miners. Visit the sale page here. 

Acquired as a payment for goods or services is also a form of means of receiving ETH, or paying for another good or service with ETH is a form of sending ETH. By the end of July 2021, ETH was processed more than 1.1 million times per day, over six times that of Bitcoin.