Buy Ethereum in Africa – Who Handled It? Certainly this cryptocurrency is not as famous as Bitcoin, but it has a large market capacity. Like Bitcoin, ETH Zurich is now also available in Africa. The run of Ethereum was just the last few weeks of riding. What is behind this cryptocurrency and where can Ethereum investors trade? The guide contains information about this.

Buy Ethereum in Africa – when is it possible?

You can buy Africa’s Ethereum. The cryptocurrency has a success story similar to Bitcoin. In 2015, Ethereum was unveiled in the digital world for the first time. Since then, the price of the stock market has increased by 3,000%. However, it wasn’t until 2017 that the cryptocurrency really took off. 1 Ethereum was $9 earlier this year. After just a few months, there were already more than $300 for 1 Ethereum. Meanwhile, the price has risen below $400. Ethereum has helped secure a market cap of more than 20 billion euros. On some days, the trading volume of ETH is equal to the trading volume of Bitcoin.

 

ETH buys Africa for private investors?

Cryptocur currency has attracted the attention of many private investors. What is Ethereum and can I buy it in Africa? This question is often asked. It can be bought through different options such as CFD broker or directly in the market. There is also a special Ethereum exchange. Where is the difference? On the one hand, cryptocurrency can be bought directly and traded in CFD position.

  • CFD brokers: More and more CFD brokers offer Ethereum trading positions. Investors have advantages. With its help, even a small amount of capital can move a larger amount in the market. But of course the risk of loss is greater.
  • Direct purchase: when you buy directly, the cryptocurrency is charged directly. As with all currencies, you can “save” or transfer capital. To save Ethereum, investors need a wallet.

Info: Can Ethereum be bought without a wallet in Africa? To buy cryptocurrency directly, you need an electronic wallet, the so-called wallet. Similar to a checking account. You can store currencies or use them in other transactions.

Brief:  ETH purchases in Africa are available through CFD brokers or direct purchases. The advantage of the broker is that with leverage you can transfer more capital to the market with less capital investment.

Buy Ethereum in Africa – this is how

How can I buy Ethereum in Africa?

  • Decide whether you want to buy cryptocurrency in CFD position or in direct purchase.
  • Find a suitable retailer.
  • Open trading account and first deposit. For example, you can make deposits via credit card (VISA or MasterCard, electronic wallet [PayPal, NETELLER, Skrill], Paysafe and Paysafecard or bank transfer and direct bank transfer).
  • Once the capital is available in your trading account, you will be able to acquire currencies.

In short: buying ETH in Africa is only a few steps away. After finding the right provider and paying the capital, you can start buying cryptocurrency.

 

Africa’s Ethereum Buy CFD Trade

For example, the purchase of Ethereum in Africa is possible via CFD or crypto broker. Here, the cryptocurrency is not determined by direct purchase, but by performance. Investors benefit from the execution of their ETH estimates, allowing them to record profits and losses. What is particularly special about CFD trading is the leverage. With its help you can trade a lot of capital with less capital investment. For example, the ETH leverage can be at 30. If prices rise, investors are 30 times more involved in price development. If the price goes down, the loss is also 30 times higher. How does buying Ethereum from Africa look similar to the case?

  • Capital investment: 100 euros
  • Utilization: 1:10

Investors call it ‘currency’ and speculate that there are positive outcomes from cryptocurrencies. Capital investment is 100 euros, leverage 1:10. It effectively moves 1,000 euros in the market. If the positive price development occurs and the ETH share price rises by 5%, the following calculation results will appear:

1,000 Euros x 5% = 50 Euros

If an investor bought a cryptocurrency without leverage, it would only be a profit of 5 euros.

Negative price development

Investors can bet not only on positive but also negative development of share prices. To do this, they open a foot position. Profit calculation is done like a positive price development. If the price of the underlying asset falls, you will make money.

How safe is the CFD broker?

If Africa’s purchase of ETH is related to the desire for short-term investment, traders do not come to CFD brokers. Due to the rapid development of Ethereum, many brokers have integrated cryptocurrency into their products. Trusted brokers are established in the EU and licensed by recognized regulators. Security topics are also very important for these CFD brokers. For example, the data exchange is over an encrypted SSL connection and customer data is only used internally. However, CFD is a speculative derivative with a risk of loss. Investors should not forget this if they decide to buy Ethereum in Africa. Ethereum is available in Austria.

Conclusion:  CFD trading is interesting for all investors who prefer short term investment. Thanks to the leverage factor, you can transfer large amounts of capital. So, even with a small capital investment, you can get high profits, but also big losses. Anyone who wants to use a reputable CFD broker should find a seat in the EU and find the regulations of a reputable regulator.

Africa’s ETH buy-direct buy

If you do not want a short-term or particularly risky investment, you can also choose to buy it yourself. It is similar to stock trading in the stock market. ETH also has markets and stock exchanges that enable crypto trading. Here, however, currency units are exchanged for real money. Euro-cryptocurrency for Ethereum is stored in the so-called Wallet. What is the procedure to buy German ETH in the market?

  • Buy orders / sell orders are created by investors and placed on the market.
  • Marketplace users can accept the offer.
  • Transaction settlement takes place in the market.

A marketplace similar to the Internet auction house eBay acts as an intermediary. But not for other bids, but to accept the offer directly. Arbitration will be charged on the Marketplace. How is the price determined? Supply and demand regulate prices in the market.

 

ETH exchange

Another option to achieve ETH buying in Africa is the stock exchange. Stock exchanges for cryptocurrencies are generally more systematic than markets. It also creates orders / purchase orders. But all the other things are done automatically. The exchange independently searches for buyers / sellers. The transaction is also automatic. The exchange may pay for this service at a fee slightly higher than the market cost.

Note: German Ethereum buys only work in wallets. Store and manage currencies. This electronic wallet is similar to a checking account. Currency units are safe because they are stored offline. If you want, you can sell cryptocurrency via the stock exchange or market.

In short:  ETH purchases in Africa are possible through direct transactions and offer many advantages. Currency units can be bought or sold at low cost and stored offline. Direct trading is especially suitable for speculation on the ETH process in the long term.

Buy ETH – what you need to know

In general, cryptocurrency is a risky financial derivative. Regardless of Ethereum, Bitcoin or any other cryptocurrency, there is a risk of profit and loss for everyone. What should I know about ETH in general?

  • Price development in the past few weeks has been rapid. Since the beginning of 2017, the price has risen up to 3000%.
  • Price fluctuations in ETH have been enormous at times.
  • Cryptocurrency is not regulated by the state.
  • Hacker attacks repeatedly affect the ETH process and price development in other cryptocurrencies.
  • Ethereum is next to Bitcoin as one of the future digital payment methods.

German Buy Price for Ethereum

Stock exchange and markets finance in different ways.

  • Order Fees: Order fees are charged on the market and stock exchange. Each presenter can set their own commission.
  • Spreads: CFD brokers charge investors the difference between the buy price and the sell price. The unit of measurement is pips.
  • Transaction costs: An additional fee is required for the deposit. For example, the so-called transaction costs are associated with currency conversion. When paying with a credit card, transaction fees are often incurred by the credit card issuer. Brokers or markets have nothing to do with these costs. If the transaction costs are high, the investor can read the means of payment from the price list.

Most important line: for  ETH trading, investors may bear different costs. For example, transaction costs, distribution or fees for an order. Such costs should always be considered by investors before investing.

 

Conclusion: to buy ETH in Africa, suitable for many investors

There are several options when buying Ethereum in Africa. On the one hand, they can trade cryptocurrency with CFD, crypto or bitcoin brokers and rely on their performance here. Real purchases of Ethereum are available in the market or on the stock exchange. Here, the digital currency is stored in a wallet, similar to a checking account. CFD brokers are more suitable for short-term investments, market trading and long-term investment opportunities. If there is very little capital available, you can use CFD brokers and trade more capital. The leverage also carries a greater risk of loss. Buying ETH in Africa through the market or stock exchange is less risky.