After Bitcoins, Ethereum is the next on-demand altcoin. Given that it enables people and organizations to run their apps on it, the digital currency is receiving overwhelming support from business giants such as JP Morgan. Due to this, owning Ethereum in Canada puts you in a strategic position of becoming the next millionaire if not a billionaire.
As you may know, Ethereum enables people to run an application on the blockchain network. The apps using this platform never experience any downtime or stop working at any point. As such, businesses will continue subscribing to the idea in the coming days. But the question is, how do your acquire Ethereum tokens as a Canadian? Here are several ways:
BUYING THEM THROUGH CRYPTOCURRENCIES EXCHANGES
Maybe you cannot afford to invest in powerful computers to mine Ethers. Also, you do not possess Bitcoins to exchange for the new coins. Now, you are wondering what will be your next move. You do not have to worry. With the presence of cryptocurrency exchanges like Coinbase, buying Ethereum in Canada is no longer a big deal.
To do this, you will require an Ethereum wallet. Also, you need to download the private key and transaction addresses. Like any other virtual coin, making a minor mistake in the buying and holding process can lead to high losses. Hence, it is essential to take precautions in the exchange process.
RECEIVING PAYMENT IN ETHERS
As you know, the world is moving to the digital platform. Any transactions in the virtual world will be performed using the virtual currencies. Even though not all organizations have accepted the idea, any futuristic entrepreneur in Canada or elsewhere is customizing their stores to accept cryptocurrencies as a form of payment. In this essence, if you own a business, you can start accepting Ethereum as a mode of payment for goods and services you offer. However, you need to be conscious to avoid falling into the hands of scammers. Thus, before operationalizing such a process, equip yourself with adequate knowledge about cryptocurrencies and how they work.