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How to Buy ETH with Cash via Exchanges or ATMs

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In the past when cryptocurrency was introduced, many people doubted it. Now people have realized the enormous potential that the digital currency industry has and many are willing to try it. Now we have several platforms where you can buy or sell cryptocurrency using the various methods of payment.

One of the payment methods that can be used is hard cash. In the past, the cash option was not available, but now you can buy any crypto including Ethereum (ETH) with cash. Many people who have been in the cryptocurrency trading scene are now opting for cash because of the benefits associated with it.

With cash, the whole process is simple, and at the same time, it entails a great deal of privacy. You can buy your ETH with cash in a very easy way and consequently save time money. At the same time, there is no need to worry about the rules and regulations involved that can be annoying sometimes.

How ETH Can Be Bought with Cash

As stated earlier, there several payments options that can be used to buy ETH. Cash is increasingly becoming one of the most preferred options as it does not entail many formalities. You can buy ETH in cash using either peer-to-peer (P2P) exchanges or ETH ATMs.

P2P exchanges are virtual trading platforms for those who own ETH. They can be compared to eBay with the only difference or rather advantage being that it less formal and very simple. Platforms like Nakitcoins also allow you to buy and sell crypto for cash.

Buying ETH with Cash Using P2P Exchanges

One of the most popular peer-to-peer sites is LocalEthereum. Here you can buy ETH with cash as the site is a safe exchange platform. The only problem you can face is the trustworthiness of the individual that you are dealing with. However, you can check the profile of the person and reviews from previous users to ascertain if the person can be trusted.

P2P sites allow you to exchange texts with the seller and from there you can go ahead and meet. You are however advised to arrange the meeting in public places for security purposes because you are dealing with hard cash as well as anonymous people.

The moment you establish that you are dealing with a legitimate seller, then you can make arrangements on how you can do business with them in the future.

How to Buy ETH with Cash Using ATMs

One of the safest platforms where you can buy crypto with cash is using ATMs. The use of ATMs comes with an additional element of privacy. You can walk into the nearest local ATM and buy your ETH. You can use sites like coinatmradar.com to find the nearest ATM.

First, before you use the ATM, you have to obtain an ETH wallet. You can then locate the ATM closest to you and then place an order. Just follow the simple instructions displayed on the screen after selecting ETH as the cryptocurrency form you want to buy.

You will have to scan the QR code on your wallet using the ATM’s camera and then proceed to deposit cash. The transaction will be confirmed, and once it is done, ETH will be deposited into your wallet.

Buying ETH or any form of cryptocurrency using cash is one of the simplest methods. If you want to keep your personal details private, then this is the way to go. Watch out for more guides on cryptocurrency trading in the near future.

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Ethereum (ETH/USD) forecast and analysis on August 20, 2019

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Cryptocurrency Ethereum (ETH/USD) is trading at 196. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates the presence of a bearish trend on Ethereum. At the moment, cryptocurrency quotes are moving near the upper border of the Bollinger Bands indicator stripes.

Ethereum (ETH/USD) forecast and analysis on August 20, 2019

As part of the Ethereum forecast, a test of level 200 is expected. Where can we expect an attempt to continue the fall of ETH/USD and the further development of the downward trend. The purpose of this movement is the area near the level of 176. The conservative area for sales of Ethereum is located near the upper border of the Bollinger Bands indicator strip at the level of 205.

Ethereum (ETH/USD) forecast and analysis on August 20, 2019

Cancellation of the option to continue the decline in the Ethereum rate will be a breakdown of the upper border of the Bollinger Bands indicator stripes. As well as a moving average with a period of 55 and the closing of quotations of the pair above the area of ​​215. This will indicate a change in the current trend in favor of the bullish for ETH/USD. In case of breakdown of the lower border of the Bollinger Bands indicator bands, we should expect an acceleration in the fall of cryptocurrency.

Ethereum (ETH/USD) forecast and analysis on August 20, 2019 implies a test level of 200. Further, it is expected to continue falling to the area below the level of 176. The conservative area for selling Ethereum is located area of 205. Canceling the option of falling cryptocurrency will be a breakdown of the level of 215. In this case, we can expect continuation growth.


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Ethereum Price (ETH) Trading Near Make-or-Break Levels

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  • ETH price extended its recent upward move and tested the $202 resistance against the US Dollar.
  • The price is struggling to gain bullish momentum above the $202 resistance area.
  • There is a short term ascending channel forming with support near $198 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could decline a few points, but dips remain supported near $198, $195 and $192.

Ethereum price is showing positive signs above $195 versus the US Dollar, whilebitcoin is up 5%. ETH price is likely to accelerate higher once it settles above the $202 resistance area.

Ethereum Price Analysis

Yesterday, there was a decent recovery initiated in ETH price above the $190 resistance against the US Dollar. More importantly, bitcoin price rallied and climbed above the $10,500 and $10,600 resistance levels (as discussed yesterday). It opened the doors for more gains and ETH/USD climbed above the $195 and $198 resistance levels. Moreover, there was a break above the $200 resistance and a close above the 100 hourly simple moving average.

However, Ethereum price seems to be facing a strong resistance near the $202 zone. The price made a few attempts to gain strength above $202, but it failed. At the moment, the price is consolidating near $200, with an immediate support near the $198 level. Moreover, the 23.6% Fib retracement level of the recent wave from the $184 low to $203 swing high might also act as a support.

Additionally, there is a short term ascending channel forming with support near $198 on the hourly chart of ETH/USD. Below the channel support, the next important support is near the $195 level. The 50% Fib retracement level of the recent wave from the $184 low to $203 swing high is also near $194 to act as a support. More importantly, the 100 hourly SMA is at $194 to provide support if Ethereum dips.

Therefore, the price could decline a few points, but dips remain supported near $198, $195 and $192. On the upside, the price must gain momentum above the $202 and $204 levels. A successful close above $205 might pump the price further higher towards the $210 and $215 levels.

Ethereum Price Analysis ETH Chart

Looking at the chart, Ethereum price is facing a major resistance near the $202 zone. If it continues to struggle, there could be a downside correction. Having said that, the bulls are likely to remain active near the $195 and $192 support levels. Only a close below $190 could negate the current bullish view.

ETH Technical Indicators

Hourly MACD – The MACD for ETH/USD is about to move into the bullish zone.

Hourly RSI – The RSI for ETH/USD is currently correcting lower below the 60 level.

Major Support Level – $192

Major Resistance Level – $202

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Ethereum (ETH) Is On The Verge Of A Game Changing Crash

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Ethereum (ETH) broke past $200 in an impressive run up yesterday as the price shot straight past the 50 EMA on the 4H time frame breaching the 38.2% fib retracement level from the local top. RSI on the 4H chart for ETH/USD shows that the price is now trading under overbought conditions but if circumstances were different, this may not have stopped it from rallying higher. However, the reality on ground is that Ethereum (ETH) remains in bear trend despite the recent bullish move. The descending triangle that ETH/USD is trading in could end in a lot of blood especially because the next crash is going to be a game changer. The decline below $180 will convince a lot of traders that they have been wrong about the bear market being over or altcoin season being around the corner.

The ICO space is full of scams that are just ready to unfold. When the proverbial hits the fan, we are going to see a lot of these ‘projects’ declare bankruptcy and all of that is going to terribly hurt the altcoin market and coins like Ethereum (ETH) that have been used for such scams are going to be under fire from regulators and investors alike. It is true that there are some very hardworking teams in this space that really want to see this space succeed and they are more interested in the tech than the money but the fact remains that unregulated markets like these attracts all kinds of people and in the absence of meaningful regulation, investors are not protected which means founders of these scam ‘projects’ can just get away with anything. Of course, the end result of all that is that it brings a bad name to the entire space.

I’m a strong believer in the idea that news events or similar developments follow what is happening on the charts. So, if the price is poised for a decline, we will find a reason that supports the crash. Most of the times, it is either an exchange hack, regulatory crackdown or a ban. If we take a look at the daily chart for ETH/BTC, there is no way this looks bullish in any way. The price remains within a descending channel and it has yet to break past the trend line resistance.

Conditions are now ripe for Ethereum (ETH) to begin its next decline which I believe will have game changing consequences. Confidence  in altcoins is going to decrease further and when that happens more of the scams in this space will get exposed which is going to induce more fear in the market that will in turn hasten the inevitable which is Ethereum (ETH) falling to a price of $60 or lower toward the end of this bear market. There are a lot of people that are even more bearish calling for Ethereum (ETH) to go to zero but I don’t think that could happen. I wouldn’t discount a move to a single digit price but I don’t see ETH/USD going to zero despite all its flaws, shortcoming and unreasonable valuation. 

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