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Is Local Ethereum Safe

Localethereum Review Peer-to-peer Ether Buying

Localethereum Review Peer-to-peer Ether Buying

Localethereum is a worldwide marketplace for people to buy and sell Ether. Its a peer-to-peer marketplace where buyers and sellers can pick out each others listings and make a deal. You can find people trading ETH with your local currency and choose whatever payment method works best for you as long as the other trader is happy with it. For security and safety, it uses an Ethereum-powered escrow service to securely hold funds until transactions are concluded, and its end-to-end encryption means buyers and sellers can communicate in complete privacy. Before trading, you will need to have an Ethereum-compatible cryptocurrency wallet . The buyer and seller confirm and agree on the terms of the trade. The seller places the Ether into a Localethereum escrow smart contract. This provides proof of funds and shows that they actually possess the Ether theyre selling. From here, the seller confirms the payment, at which point escrow is released and the trade completed. Generally, either party has a couple of hours to cancel a trade and withdraw their funds from escrow if its not in order. If something is off, either party can raise a dispute. Localethereum then brings in a third-party arbitrator and gives them the keys to decrypt the communication between the parties. After looking at the communication, the arbitrator reaches a decision. In what countries is Localethereum available? This service can be used anywhere in the world, although some locations will have more traders than others. What fiat currencies does Localethereum accept? You can use any currency in the world with this exchange as long as you can find other traders using it. You can use any kind of payment as long as both parties agree to it. The most popular vary by location, but the main ones include the followin Continue reading >>

How To Buy & Store Ethereum The Newbie Guide

How To Buy & Store Ethereum The Newbie Guide

If youre new to the crypto-currency space, you may find the idea of how to buy and store Ethereum is quite disconcerting. Youre not wrong, it might be confusing. The good news is, youre in the right place! First, you need to understand Ethereum you can start over here . Now that you are sure you want to buy some Ethereum, lets explore your options. WHERE AND HOW TO BUY ETHEREUM WITH FIAT CURRENCY There are several ways you can purchase Ethereum directly with fiat currency such as USD, EUR or GBP. All you need is a debit or credit card or just a bank account that facilitates international transfers. You simply register an account on one of the recommended exchange platforms below, verify your identity, add a method of payment and youre good to go to buy some Ether. I will discuss how to store your Ether safely below. The verification process that you have to go through in order to buy Ethereum takes now much quicker that it used to and the purchasing process is slowly becoming hassle-free. Just two years ago, you had to take extreme measures to buy Ether. For example, you had to purchase Bitcoin first; then create an ETH wallet; then convert your BTC to ETH seems like its not too complicated, but then you would have to reverse this process if you wanted to convert your Ether into fiat currency. All these conversions would have costed you dearly in transaction and exchange fees (and of course time!) Now, all you have to do is just open an account on one of these recommended exchange platforms to purchase your ETH: The most popular choice is Coinbase as it allows to use your credit card to buy Ethereum directly on the website. Coinbase is a major crypto-currency exchange that offers other services as well. Apart from Ether, you can purchase Bitcoin and Litecoin you can al Continue reading >>

3 Simple Ways To Buy Ethereum Instantly - A Complete Beginner's Guide

3 Simple Ways To Buy Ethereum Instantly - A Complete Beginner's Guide

Last updated on December 14th, 2017 at 08:16 am Note:If youre looking to buy Ethereumfor trading purposes only you may want to check out Plus500 Ethereum CFD trading. Keep in mind that when trading CFDs your capital is at risk. Lately there has been a lot of talk about the hottestaltcoin in the community Ethereum. Ethereum is a cryptocurrency and a blockchain platform with smart contract functionality. Its basically a decentralized platform for developers to build apps on top of and it was invented by Vitalik Buterin in 2013. Ethereum can be used to codify, decentralized, secure and trade just about anything: voting, domain names, financial exchanges, crowdfunding, company governance, contracts and agreements of most kind, intellectual property. Well, Ether is the currency of the Etherium platform. Etherwill be required by anyone wishing to build upon oruse the Ethereum platform. Just like BItcoin, Ether can be traded around the web and mined. In a second Ill show you exactly where you can buy it. Most people use the term Ethereum to refer to the currency instead of Ether and thats why it can get so confusing. The total supply of ether and its rate of issuance was decided by the donations gathered on the 2014 presale of the currency. The results were roughly: 60 million ether created to contributors of the presale 12 Million (20% of the above) were created to the development fund, most of it going to early contributors and developers and the remaining to the Ethereum Foundation 5 ethers are created every block (roughly 15-17 seconds) to the miner of the block 2-3 ethers are sometimes sent to another miner if they were also able to find a solution but his block wasnt included (called uncle/aunt reward) The founders of Ethereum state that Ether is not a currency as much Continue reading >>

How To Buy Your First Bitcoin Or Ethereum

How To Buy Your First Bitcoin Or Ethereum

07/16/2016 02:48 pm ETUpdatedJul 17, 2017 How To Buy Your First Bitcoin Or Ethereum What a difference a couple years can make! As I wrote here recently, some of my media colleagues in 2014 wanted to hear nothing about Bitcoin or cryptocurrency and I was effectively shunned from some of the shows I'd gotten used to guesting on. Today? Not a day goes by that someone isn't emailing me or DMing me on Twitter, desperately asking how to buy Bitcoin. How to get in. How to store it. You know, the newbie questions. Man, it really got me down for a while - being told I was promoting something bad and trivial, when I knew in my heart (and the math clearly corroborated) that cryptocurrency is not bad, is not trivial, is not a fad - it's a very big emerging idea. One of those big ideas that could change everything in the years ahead. Bitcoin is a big deal. When friends ask me how to buy Bitcoin, I usually just direct them to my friend invite page on Coinbase so they get some free Bitcoin as a bonus. Coinbase has more than 4.1 million customers in 32 supported countries. They're US-based, backed by some tech heavyweights including Marc Andreessen's VC fund, and in the couple of instances where I've had trouble, their support was always fast and cleared things up. Ethereum has skyrocketed in name recognition and usage since it launched a year ago, but it is still collectively only worth less than one tenth of Bitcoin's market cap - as I file this, Bitcoin is worth $10.41 billion, while secondplace cryptocurrency network Ethereum is worth $972 million. The currency used within Ethereum, Ether (ETH), is mined and traded much like bitcoins are. Ether can be bought on Coinbase by going to exchange.coinbase.com after you're logged into your account: that page lets you trade Bitcoin in you Continue reading >>

Localethereum Review - Private Local P2p Cryptocurrency Exchange Site?

Localethereum Review - Private Local P2p Cryptocurrency Exchange Site?

LocalEthereum is an Ethereum trading website that lets you safely connect with Ethereum buyers and sellers in your area. Today, were answering all the questions our readers have about LocalEthereum, including how it works, whether or not its safe, and any fees you may be charged. LocalEthereum, found online at LocalEthereum.com, is a private peer-to-peer marketplace where you can trade Ethereum in exchange for local currencies. Trades can be made using local transfer methods (like online bank transfers within your country) or face-to-face using cash. LocalEthereum acts as an escrow service for the transaction to ensure the buyer and seller are protected. LocalEthereum charges a 0.25% fee on makers (the person who posted the Ethereum offer) and a 0.75% fee for the taker (the person who responds to the offer). LocalEthereum uses a wallet to store your Ether. That wallet is completely embedded inside your browser. The wallet generates Ethereum address private keys offline in your browser, and the platforms servers never have access to your Ether. Users can deposit money into their LocalEthereum wallet using any addresses listed on their wallet page. The company recommends creating a new address each time you receive Ether, and to periodically dispose of old addresses. LocalEthereum promises to take users privacy seriously. The platform offers end-to-end encryption for your messages, secret message forwarding, secret financial forwarding, and a signature system. All messages are encrypted in your browser, which means nobody not even the LocalEthereum team can read those messages. Once the keys used to encrypt those messages are destroyed, the conversation is gone forever. Theres only one situation where LocalEthereum support staff can read messages: when the key required t Continue reading >>

How To Buy Ethereum

How To Buy Ethereum

As there are more and more ways of purchasing Ethereum, CoinTelegraph has selected for you the best options to currently do it. As there are more and more ways of purchasing Ethereum, CoinTelegraph has selected for you the best options to currently do it. As there are more and more ways of purchasing Ethereum, CoinTelegraph has selected for you the best options to currently do it. There are many cryptocurrency exchanges such as Poloniex , Kraken , HitBTC and Bitfinex that sell Ethereum, and you can purchase it normally for both fiat and other cryptocurrencies. This is probably one of the easiest ways. You can either trade your BTC or other cryptocurrencies supported for Ethereum or you could deposit some fiat currency into your account, buy some Bitcoin with it and then simply exchange that to Ethereum. From there you can withdraw your ETH to your wallet. The fees are of similar values ranging between 0.1 to 0.2%. Withdrawal fees vary a bit depending on the transfer. Youre normally better off doing a SEPA transfer which is either free or less than a euro. Bank transfers to other countries can range between $5-$20. Crypto withdrawals are normally free or with a network fee around 0.05. If you already have Bitcoins youd like to convert to Ethereum, you can also try Buy Ether . You simply need to send them your Bitcoin and enter your Ethereum wallet address to receive ETH in return. That is if you have set a wallet up already. Ethereum Wallet has integrated Shapeshift so you can also get your ETH through your wallet if you have some Bitcoin. If youre at home with programming and coding you can also use Geth . If not, its probably best to find something with a simpler user interface. It is great for putting together contracts, sending and receiving Ether. However, if you a Continue reading >>

What Is The Recommended Way To Safely Store Ether?

What Is The Recommended Way To Safely Store Ether?

There are several options for storing Ether : Icebox Air gapped offline signing of transactions In short there are a lot of options. So my question is is there an official recommended way of securely storing Ether? If the answer is 'Multi-signature' how should this be backed up (both files & printing the wallet address on paper) and how should the accounts which control the wallet be created and backed up. related question: ethereum.stackexchange.com/questions/1216/ Paul S Feb 11 '16 at 2:08 @JackWinters: I think it's close to being criminal that people consider that a website is an acceptable way to create a paper wallet. For all we know, even if the site looks fair, one time out of 50 it may decide to send a backdoored version to the user. The website could also be hacked and serve a backdoored version to anyone visiting the site during the compromise timeframe, etc. There are secure ways to create paper wallets. Using a website ain't one of them. Cedric Martin Feb 17 '16 at 1:37 A lot has changed since I first asked this question so we probably need some updated answers and some meta discussion. e.g. Should the accepted answer be a community wiki. (This would make it more live but it could also potentially introduce additional security risks since someone could edit the wiki to link to malware or to include deliberate bad advice) JackWinters Dec 7 '16 at 21:25 I believe the Ethereum team recommends using official clients, like Mist or Geth. This makes sense. I recommend that people use whatever tool they can understand best and use with confidence. I do NOT believe that recommending someone who has never used command line to use geth. There's too much room for error and it deters people from investing and getting involved. Regardless of what tool you use to create a Continue reading >>

Local Ethereum Review - Private Marketplace For Ether Currency Trading?

Local Ethereum Review - Private Marketplace For Ether Currency Trading?

Local Ethereum describes itself as Ethers local private marketplace. Read our Local Ethereum review to find out how it works today. Local Ethereum, found online at LocalEthereum.com, is a private marketplace where you can spend Ether in exchange for fiat currencies. The marketplace plans to bridge the gap between Ether and offline currencies using smart contracts and in-browser cryptography. Together, these features make Local Ethereum the most private way to buy or sell Ether for offline currencies. One of the unique things about the Local Ethereum platform is that its a web-based peer-to-peer exchange where all communications are encrypted. Messages between buyers and sellers are encrypted from end-to-end, transactions are protected by smart contracts, and identities are secured by digital signatures. The developers behind Local Ethereum have been building the platform over the past 8 months. Development is 80% complete as of May 30 2017. Once the project reaches 100% completion, it will undergo a thorough security audit, then launch onto the internet. The ultimate goal of Local Ethereum is to offer a local, peer-to-peer marketplace that vastly enhances the usability of Ether as a cryptocurrency. Youll be able to access the marketplace through your web browser without installing any additional plugins or software. It will just be like an ordinary online marketplace but with highly-secure Ether transactions. Here are some of the key features that have already been built into the Local Ethereum platform. Theres no need to install any third-party apps or plugins to use Local Ethereum. The platform is based entirely on the internet and is accessible through any ordinary internet browser. It does this while living up to modern cryptography standards. The secret behind Loc Continue reading >>

Ico Help: Heres How To Create Your Ethereumwallet

Ico Help: Heres How To Create Your Ethereumwallet

We are creating a alternative to your daily banking habits. Fresh investing experience, blockchain banking services for crypto currency for the better living. ICO Help: Heres How to Create your EthereumWallet Growing number of people recognize that one of the best ways to invest in cryptocurrency is by participating in Initial Coin Offerings, a.k.a. ICOs. However, one barrier that stops people from investing is unfamiliarity with the ICO process. At a glance, funding your favorite project though ICO might look complicated. However, once you get there, it will be a piece of cake. This article will show you to participate in ICO issued on Ethereum blockchain. The first step is setting up Ethereum ERC20 compatible wallet. Why do you need an ERC20 compatible Ethereumwallet? Most ICO tokens are issued on Ethereum blockchain. It means that people who want to participate in ICO need to have Ethereum and its wallet. However, not all digital wallets support Ethereum powered ICO tokens. For example, to participate in Fast Invest ICO , you need to set up an Ethereum ERC20 compatible wallet where you and only you hold its private keys. You probably know that ICO is about sending and receiving coins. Your private keys are necessary for correct interaction with smart contracts to transfer and receive tokens. DO NOT PARTICIPATE IN ICO BY SENDING COINS FROM ANY CRYPTOCURRENCY EXCHANGES. YOU NEED A ERC20 COMPATIBLE ETHEREUM WALLET. OTHERWISE, YOU WILL LOSE YOUR FUNDS. To clear the confusion, here is a token compatible Ethereum wallets list. These wallets have been verified to support Ethereum ERC20 tokens. The list is continuously updated at Tokenmarket . Next, we will show you how to open a suitable Ethereum wallet that will serve your needs. For that, well use MyEtherWallet and Mist Continue reading >>

How To Buy Ethereum - Coinbase

How To Buy Ethereum - Coinbase

Coinbase makes it easy to convert your local currency into and out of Ethereum. On this page, you'll learn how to buy Ethereum and store it securely in a wallet. The first step is to sign up for a Coinbase account. This will give you a secure place to store your Ethereum, and easy payment methods to convert your local currency into or out of digital currencies. Connect Your Bank Account, Credit Card or Debit Card After you sign up, connect your bank account, credit card or debit card. You'll need to complete some verification steps before you can use the account. Once the verification steps are complete, you can start a purchase. After starting your first purchase, we'll complete your buy and deliver your Ethereum. (Sells work the same way but in reverse). The price of ether changes over time, so we'll show you the current exchange rate before you buy. Continue reading >>

5 Best Ways To Buy Ethereum / Ether Classic With Credit Card Online

5 Best Ways To Buy Ethereum / Ether Classic With Credit Card Online

Jordan Tuwiner Last updated July 13, 2017 Most people try to mine Ethereum but then get frustrated with the high up-front costs. People want Ethereum, so the easiest way to get Ether ends up being by simply just buying Ethereum tokens or Ethereum Classic. This post will show you how to buy Ether with any of the following payment methods. Note: Before you buy Ethereum make sure you have a secure place to store your Ether! An Ethereum hardware wallet is the most secure option although not free. Buy Ethereum with Credit Card or Debit Card There are many ways to buy Ether with a CC and this section will discuss the 3 best options. Note that the fees will be around 3.5% for most options. In the USA, Europe, Canada, UK, and Singapore, Coinbase is the easiest way to buy Ethereum with a credit card. The fees will amount to 3.75% and you can buy instantly. Note that Coinbase only sells Ether and not Ethereum Classic. To buy Ethereum Classic you need to buy bitcoins on Coinbase and transfer the bitcoins to Poloniex to exchange them for Ethereum Classic. CoinMama is a nice option because you can buy less than $125 worth of Ethereum without the need to verify your identity. You can instantly sign up and buy Ethereum. You can have Ether in your wallet within about 20 minutes. The downside to CoinMama is the fees are pretty high and come out to around 7%. CoinMama supports credit and debit cards from basically any country. Note that CoinMama only sells Ether and not Ethereum Classic. To buy Ethereum Classic you need to buy bitcoins or Ethereum on CoinMama and transfer the bitcoins to Poloniex to exchange them for Ethereum Classic. Bitpanda is a Bitcoin broker based in Austria and now sells Ether as well as bitcoins. BitPanda has some good and low fees for buying ETH with a credit ca Continue reading >>

The Beginner's Guide To Creating A Secure Ethereum Paper Wallet - Trading Heroes

The Beginner's Guide To Creating A Secure Ethereum Paper Wallet - Trading Heroes

Home Cryptocurrency Trading The Beginners Guide to Creating a Secure Ethereum Paper Wallet The Beginners Guide to Creating a Secure Ethereum Paper Wallet Cryptocurrencies are an exciting emerging market and Ethereum has a ton of potential. But these new currencies come with their fair share of risks. In order to keep your Ether safe, an Ethereumpaper wallet can be a good place to store your Ether. But how do you create one, is it safe and what are the risks? In this post, I'll show you why you might want to create a paper wallet. Then I'll give you the exact steps on how to do it securely. I'll also show you how to transfer your Ether in and out your newly minted paper wallet. Remember, no storage method is 100% safe. But if you understand the risks, take the proper precautions and diversify your storage methods, you greatly reduce your chances of losing your investment to the bad guys. Storing your Ether on the exchanges is generally the worst place to store it because the exchanges are susceptible to hacking and the exchanges maintain control of your private keysnot you. Therefore, cold storage is a must for anyone who is serious about keeping their money safe. A paper wallet is one cold storage option. If you are totally new to cryptocurrencies, I'll quickly go over what a paper wallet is. If you know this already, then skip on to the next section. Ethereum is the network or the software and Ether is the cryptocurrency that is used for transactions on the network. That might be a tad simplistic, but that's pretty much all you need to know. A wallet, digital or physical, is simply an address on the Ethereum blockchain. A blockchain is a type of database. You can think of an Ethereum wallet address like a website domain name. It's an address that tells you how to find Continue reading >>

How To Invest In Ethereum (and Is It Too Late)

How To Invest In Ethereum (and Is It Too Late)

Home How To Invest In Ethereum (And Is It Too Late) How To Invest In Ethereum (And Is It Too Late) Ethereum has become a popular cryptocurrency alternative to Bitcoin over the last year. However, unlike Bitcoin and rival currency Litecoin, Ethereum has been adopted by many companies and startups as a way to transact (and more). In the cryptocurrency wars, I like to view Ethereum like the diamond of the currencies - it has both a intrinsic value and an industrial value. Compare this to Bitcoin, which operates like gold - not much industrial value, but people buy it and sell it based on it's intrinsic value to the holder. Given the popularity of Ethereum, many people are curious about what it actually is, how it's different than Bitcoin, and how to invest in it. It's also important to note the risks of investing, and the potential to mine it and create your own wealth of Ether (the actual monetary unit of Ethereum ). Before we dive in, it's important to note that to look at, use, and transact in Ethereum, you need a digital wallet. We recommend Coinbase because it's free, has a great app, and they give you a bonus for depositing $100 . Check it out. Ethereum is basically software that is decentralized and allows developers and programmers to run the code of any application. Wait, what? I thought Ethereum was money... well it has a monetary aspect. You see, Bitcoin uses a technology called blockchain specifically for conducting monetary transaction - it's a straight currency. Ethereum uses blockchain technology to allow the creation of applications that can be executed in the cloud, can be protected from manipulation, and much more (some stuff getting too technical for me here). However, a bi-product of this is that Ethereum uses a token called Ether, which is like Bitcoi Continue reading >>

Is There A Safe Place To Buy Ethereum Now? I Tried To Use Coinbase, But The Website Has Issues. Bitfinex Can't Accept Deposits At The Moment.

Is There A Safe Place To Buy Ethereum Now? I Tried To Use Coinbase, But The Website Has Issues. Bitfinex Can't Accept Deposits At The Moment.

Is there a safe place to buy Ethereum now? I tried to use Coinbase, but the website has issues. Bitfinex can't accept deposits at the moment. If you already possess Bitcoins, transfer cryptocoins to your BTC wallet and buy Ethers right away. It is that simple! Be sure that your BTC and ETH are safe in our cryptocurrency cold storage. None of our users ever faced account funds theft, and we stay compliant with high security standards. If you want to buy ETH for USD or your local currency, then funding your account with credit or debit card is the easiest way. It accept Visa, MasterCard, and virtual cards, such as Neteller, NetSpend, Payoneer etc. Safety of your card information is guaranteed by PCI DSS certificate. Buying Ether with cash on your bank account is easy and advantageous, especially when it comes to large amounts. For faster and cheaper deposits in Euros, we recommend using SEPA. Consider upgrading your account to enjoy augmented payment opportunities, priority support, and custom conditions. Continue reading >>

The Top 10 Best Ethereum Wallets (2018 Edition)

The Top 10 Best Ethereum Wallets (2018 Edition)

The Top 10 Best Ethereum Wallets (2018 Edition) By: Sudhir Khatwani In: Ethereum Last Updated: Ethereum currently has the second largest market cap after Bitcoin . Because of this, many investors are now flocking to Ethereum. Naturally, this has surged demand for more secure Ethereum wallets. And in my opinion, this is what all secure cryptocurrency wallets need to have: Private keys Wallets where you control your private keys. Ease of use Elegant UI for ease of use. Development community Active development community. Backup & security Backup and restore features. Compatibility Compatible with different operating systems. I believe that if a wallet doesnt have any one of these things, your coins could be at risk and you could give yourself a major headache. When looking for wallets, make sure that the above requirements are met before you store your coins there. If you want to get hold of ETH Instantly using Bitcoin or any other cryptocurrency, just use the widget below. Here I have listed out the best wallets for Ethereum. They all meet the above requirements. The Ledger Nano S is one of the most inexpensive Ethereum hardware wallets available ($65). Here, Ether is stored offline on the device. Whenever you want to spend Ether, Ledger signs it using the private key stored on the device. You can store both ETH & ETC. Harsh has made few videos guide about Ledger Nano S that you must check out. This will help you to learn everything about Ledger Nano S. The best thing about the Ledger Nano S is that it comes with a small OLED screen which allows you to control your transactions. The security is so robust that you can use your Nano S device even on a hacked computer. Trezor was the first hardware wallet invented for Bitcoin. However,nowTrezor can be used for Ethereum too Continue reading >>

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