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There are plenty of things you should keep in mind when buying Ethereum.
Deposit Fees: Every platform will set its own deposit fees. You should compare these fees and find a deal that suits you before signing up for an exchange or broker. buy ethereum can also affect how much you have to pay to deposit funds into your account.
Trading Fees: Exchanges and brokers will also have trading and service fees. For example, if an exchange trades at a set rate, they will include a markup in their final price to cover their services. Be sure to check these trading fees before you commit to a platform.
Volatility: The cryptocurrency market is unpredictable and volatile. As such, the value of Ethereum constantly changes, and you can make just as much of a loss as you can a profit if you are not careful. However, you can use this volatility to your advantage. Many traders will purchase Ethereum when prices are low and hold them until they can make a healthy profit on their investment.
Regulations: If you are thinking about signing up for an exchange or broker, check whether the service follows regulations put in place by a local governing body. When a platform is regulated, they are required to follow specific protocols (user identity checks, etc.) to ensure your safety and security on their service.
Long-term holding: Long-term holding involves buying Ethereum and waiting for the value to grow over a long period (at least a year). This can yield massive profits if the market is favourable, but knowing the right time to sell is critical.
Short-term holding: Short-term holding involves purchasing Ethereum and selling them in a short space of time to take advantage of the continual fluctuations in the market.
Homepage: https://www.cryptopolitan.com/crypto-over-1000-per-coin/
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