From the word Ethereum, the second popularly known crypto currency next to Bitcoin. This is an open-source, public, blockchain-based distributed computing platform and having a feature of scripting (smart contract). Many crypto investors love to hold and invest into Ethereum (ETH) due to its modified version of Nakamoto consensus via transaction-based state transitions.
Those unimagined applications like electronic voting, regulatory compliance & trading, and digitally recorded property assets are now actively being developed and deployed faster because of the Ethereum blockchain technology.
Like Bitcoin & Bitcoin Cash, Ethereum (ETH) can also be mined. ETH miners can earn Ether, a type of crypto token that fuels the network. It's also used to pay for transaction fees and services on the Ethereum network by the application developers.
But there's also another type of token that is used to pay ETH miners fees for including transactions in their block, it is called GAS. For every smart contract operations requires a certain amount of GAS to be sent along with it to entice miners to put it in the blockchain.
How to buy Ethereum (ETH) using Philippine peso?
Now! you should have an account first on Coins.ph if you really like to buy ETH using fiat currency in the Philippines.
In The Website
- Visit the Coins.ph
- Then click "Create An Account"
- Choose either mobile number or email to create an account, then click continue
- Then the verification screen will popup. Check your phone or email for a message from coins.ph
- And you're ready! You can start buying Ethereum (ETH)
Using SmartPhone
- Download Coins.ph app and install (iTunes AppStore or Google PlayStore)
- Click Sign Up, or use your Facebook Account to create an account
- Choose either mobile number or email to create an account, then click continue
- Then the verification screen will popup. Check your phone or email for a message from coins.ph
- You'll be asked by 4 digit code before you login
- And you're ready! You can start buying Ethereum (ETH)
But before you can get Ethereum (ETH), you need to do 'Cash-In' to your coins.ph wallet account. There are many ways to do that, don't worry.
Cash-In to the following:
- 7-Eleven - Cliqq Kiosk
- UnionBank (Online Banking/Cash Deposit)
- Palawan Pawnshop
- M-Lhuillier
- Cebuana Lhuillier
- TouchPay Kiosk
- Globe GCash
- Online Bank Transfer (BPI Express, Security Bank Online, Bank of Commerce)
- Over-The-Counter(BPI, UnionBank, Chinabank)
- Department Store(Robinsons Business Center, SM Bills Payment Center)
Then if you've successfully put your fiat currency into your coins.ph wallet account. You need to select your PHP wallet and start converting your money (Philippine peso) into Ethereum (ETH).
Go find the "Convert" button then press it to start, be sure that you're in the 'From "PHP" selection' and the Ethereum (ETH) is the coin to receive after the conversion.
As of writing this article, the current price of Ethereum (ETH) in the crypto market is $ 116.35 while in the coins.ph price chart is 1 ETH = Php 6,297.25. But if you think that 6 thousand pesos plus is still expensive to produce and convert into ETH, well like Bitcoin, you could also buy in a small unit of numbers which also known as ether (0.00000001 Ethereum)
Many crypto experts believe that Ethereum is the best crypto currency to invest and hold while waiting for the higher price to come. Because many ERC20 tokens today are getting successful for their journey as fintech company. And due to that instance, many are hoping that Ethereum price will go up tremendously throughout the coming years.
ERC20 tokens are made from smart contract on the Ethereum blockchain. ERC stands for Ethereum Request for Comment, and 20 is the number that was assigned to this request. The clear majority of tokens issued on the Ethereum blockchain are ERC-20 compliant, according to Wikipedia.
Disclaimer: This is not a financial institution: All information provided here is for educational material: Do not take this information as professional investment advice.
Image from: coins.ph, Wikipedia
Image Edited by goodfilipino.com
Those unimagined applications like electronic voting, regulatory compliance & trading, and digitally recorded property assets are now actively being developed and deployed faster because of the Ethereum blockchain technology.
Like Bitcoin & Bitcoin Cash, Ethereum (ETH) can also be mined. ETH miners can earn Ether, a type of crypto token that fuels the network. It's also used to pay for transaction fees and services on the Ethereum network by the application developers.
But there's also another type of token that is used to pay ETH miners fees for including transactions in their block, it is called GAS. For every smart contract operations requires a certain amount of GAS to be sent along with it to entice miners to put it in the blockchain.
How to buy Ethereum (ETH) using Philippine peso?
Now! you should have an account first on Coins.ph if you really like to buy ETH using fiat currency in the Philippines.
In The Website
- Visit the Coins.ph
- Then click "Create An Account"
- Choose either mobile number or email to create an account, then click continue
- Then the verification screen will popup. Check your phone or email for a message from coins.ph
- And you're ready! You can start buying Ethereum (ETH)
Using SmartPhone
- Download Coins.ph app and install (iTunes AppStore or Google PlayStore)
- Click Sign Up, or use your Facebook Account to create an account
- Choose either mobile number or email to create an account, then click continue
- Then the verification screen will popup. Check your phone or email for a message from coins.ph
- You'll be asked by 4 digit code before you login
- And you're ready! You can start buying Ethereum (ETH)
But before you can get Ethereum (ETH), you need to do 'Cash-In' to your coins.ph wallet account. There are many ways to do that, don't worry.
Cash-In to the following:
- 7-Eleven - Cliqq Kiosk
- UnionBank (Online Banking/Cash Deposit)
- Palawan Pawnshop
- M-Lhuillier
- Cebuana Lhuillier
- TouchPay Kiosk
- Globe GCash
- Online Bank Transfer (BPI Express, Security Bank Online, Bank of Commerce)
- Over-The-Counter(BPI, UnionBank, Chinabank)
- Department Store(Robinsons Business Center, SM Bills Payment Center)
Then if you've successfully put your fiat currency into your coins.ph wallet account. You need to select your PHP wallet and start converting your money (Philippine peso) into Ethereum (ETH).
Go find the "Convert" button then press it to start, be sure that you're in the 'From "PHP" selection' and the Ethereum (ETH) is the coin to receive after the conversion.
As of writing this article, the current price of Ethereum (ETH) in the crypto market is $ 116.35 while in the coins.ph price chart is 1 ETH = Php 6,297.25. But if you think that 6 thousand pesos plus is still expensive to produce and convert into ETH, well like Bitcoin, you could also buy in a small unit of numbers which also known as ether (0.00000001 Ethereum)
Many crypto experts believe that Ethereum is the best crypto currency to invest and hold while waiting for the higher price to come. Because many ERC20 tokens today are getting successful for their journey as fintech company. And due to that instance, many are hoping that Ethereum price will go up tremendously throughout the coming years.
ERC20 tokens are made from smart contract on the Ethereum blockchain. ERC stands for Ethereum Request for Comment, and 20 is the number that was assigned to this request. The clear majority of tokens issued on the Ethereum blockchain are ERC-20 compliant, according to Wikipedia.
Disclaimer: This is not a financial institution: All information provided here is for educational material: Do not take this information as professional investment advice.
Image from: coins.ph, Wikipedia
Image Edited by goodfilipino.com
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