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How to buy Ethereum with Apple Pay
Why investors buy Ethereum with Apple Pay
Introduced in 2014, Apple Pay is a payment service for web-based payments through iOS and is fully supported by Apple products. Nowadays even many stores accept Apple Pay, leading to an increase in Apple Pay payments worldwide. This means that Apple Pay is supported by thousands of apps and stores around the world, allowing users to purchase a variety of goods and services. While Apple does not directly integrate Bitcoin or other forms of cryptocurrency on its devices, many exchange platforms facilitate transactions or transfers of digital currencies through Apple Pay in order to offer straightforward transactions. On that account, users can buy cryptocurrency on our exchange using the quick, simple, and secure "Apple Pay" payment method. Purchasing cryptocurrencies has never been easier thanks to the simplicity and accessibility of Apple Pay combined with our exchange's user-friendly interface. Some of the main advantages of using Apple Pay as your cryptocurrency payment method include:
- Built-in privacy and security,
- Global availability,
- Faster and easier than using cards or cash,
- Much more convenient cashing out online,
- The ability to deposit up to $20,000 per week to a debit card or bank account,
- Apple Pay also allows a transaction minimum of $1 and a seven-day weekly maximum of $10,000.
Some of the main advantages of using Apple Pay as your cryptocurrency payment method include; built-in privacy and security, global availability, faster and easier than using cards or cash, much more convenient cashing out online, and the ability to deposit up to $20,000 per week to a debit card or bank account. Apple Pay also allows a transaction minimum of $1 and a seven-day weekly maximum of $10,000.
Is ETH a good investment?
In its simplest definition, Ethereum is an open infrastructure based on blockchain technology on which decentralized computer programs can be run. The decentralization of Ethereum means that this system does not belong to anyone alone and it is not controlled by one or more specific people. Everyone can own this network and everyone can play a role in controlling it. Thanks to Ethereum's distributed and decentralized structure, once a program is implemented on the Ethereum network, it cannot be stopped or manipulated, even if the creator wants to.
Among the members of the digital currency community, the digital currency of the Ethereum network is also called Ethereum or Ether. Ether, like Bitcoin, is a digital currency that can easily transfer value. However, Ether's purpose is slightly different from Bitcoin's. This digital currency was created to pay for fees and as an incentive for contributors to continue working with Ethereum. Who would be willing to work as a miner or contributor to the network if Ether was not the key asset? This is why Ether is also called "the fuel of the Ethereum network". If Bitcoin is "digital gold", Ether is "digital oil".
Who can buy Ethereum with Apple Pay
All users, investors, and holders on our exchange can benefit from Apple Pay payment method no matter a beginner or a professional. Employing Apple Pay’s integrations increase our exchange’s usability and diversify the payment options available to our exchange users.
What is Ethereum ?
The digital currency of the Ethereum network is called "Ether" and its abbreviated unit is ETH. This asset is considered the currency of the network as well as a way to pay fees and charges.
What is ETH
Ether is the fuel of the Ethereum network. For every activity and transaction on Ethereum, we have to pay the network fee with Ether. Of course, from a macro perspective, something becomes valuable when people accept its value, and like any other asset, Ether is no exception to this rule. Obviously, the more Ethereum becomes more powerful and the trust in this network increases, theoretically the price of Ethereum will also increase.
Ether started 2017 at $8 and reached its all-time high of $1,400 by January 2018, a little over a year later. With a thumb calculation, it is clear that Ethereum has experienced a price increase of about 17,000% in this one year. From 2019 to 2021, Ether once again continued to peak and reached its highest price of $4,815 on November 9, 2021. Although the crypto market is currently experiencing a dive, experts predict that Ethereum will reach a price of about $10,000 in 2025. But note that this is not a buying signal for you. We recommend studying the crypto market and seeking advice from professionals before any purchase.
How to buy ETH with Apple Pay instantly?
Our exchange platform allows you to buy, sell, exchange and store digital currencies using different payment methods, one of which is Apple Pay. Users can instantly purchase the cryptocurrency they want through our exchange using Apple Pay, and the funds are then transferred to their wallet. In addition, our exchange’s mobile app and wallet are both Apple Pay compatible, giving our users complete access to all the resources they need to carry out their cryptocurrency transactions quickly and with ease.
Where can I buy ETH online with a Apple Pay?
Our exchange supports Apple Pay as a payment option in order to assist users to trade, buy and sell digital currencies using the Apple Pay digital payment service. To buy digital currency with this payment method, simply just log in to your account on Blocktrade.com site using your email address and a device that supports Apple Pay, choose your desired coin among the options of digital currency, enter the amount of cryptocurrency you need to buy and then select top-up your balance with the fiat currency of your choice, select Apple Pay from the list of available payment methods and increase your balance, then confirm the purchase of the desired cryptocurrency using Apple Pay.
Is ETH Reliable?
The official website of Ethereum has defined this project as follows: "Ethereum is a decentralized platform for the execution of smart contracts. There is no possibility of malfunction, censorship, fraud or interference of third parties for the programs that run on this network”. But how is the security of such important and sensitive contents insured? The answer is mining. Mining is one of the common methods of maintaining the security of blockchain networks. According to this algorithm, the block creation process is competitive and anyone who wants to participate in the creation of blocks must solve a complex mathematical equation with the processing power of computers. Therefore, miners (or mining nodes) allocate a large amount of processing power to the network, which is equal to the power of several supercomputers. In this case, if someone wants to attack the network or make a change in the blockchain, they have to have the processing power of more than half of the miners. In other words, in addition to the fact that such processing power is very difficult to obtain if someone has this processing power, it’s more beneficial to mine Ether and gets a large reward instead of attacking the network. As the number of miners increases, the security and safety of the network increases as well, and thus, trust in it will also increase.
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FAQ
Frequently asked questions
Ether is a functional currency. As the amount and use and acceptance of Ether increases, the price will also increase. Ethereum can be used to make processes smarter and get the most out of it. The price of Ethereum will increase if Ethereum is accepted by more institutions and its popularity and use increase. In 2016, the value of each ether was less than one dollar, but for example, in 2020, which was the year when digital currencies flourished, the price of Ethereum increased by 200 times. In conclusion, Ethereum has a special place among digital currencies and a bright future is predicted for it. With updates coming in the near future, Ethereum will become faster and a more viable investment option. Investing in Ethereum may seem risky, but if all goes well, the returns on this investment might be impressive.
You decide which forms of payment Apple Pay will use to carry out your crypto transactions when using its services in conjunction with our exchange. Plus, Apple Pay enables you to store debit and credit card information on your Apple device in order to facilitate simple online transactions.
The core Ethereum development team was Vitalik Buterin, Gwynne Wood, Mihai Alessi, Anthony Di Lorio, and Charles Hoskinson. Gwynne Wood and Hoskinson later left the team due to differences and started Polkadot and Cardano respectively.
Apple Pay does not impose any additional fees on top of those levied by your credit card provider. However, additional fees shouldn't apply to Apple Pay transactions made using a debit card. Also, note that our exchange charges no trading fees as well.
To store Ether and Ethereum-based tokens, you need software or hardware called a "wallet". A wallet can be considered like a bank account that is used to store, receive and send money.
Ethereum software wallets are free and you can easily install them on mobile phones (Android and iOS) or PCs (Windows, Linux, and Mac). Some wallets are also web-based and can be accessed with internet browsers (such as Chrome). In contrast, hardware wallets, which are more secure, are physically available and must be purchased from reputable stores. It is necessary to take a backup copy of your wallet so that you can recover your funds if the wallet is deleted, the password is forgotten, or the device on which the wallet is installed is damaged.
No. Users cannot exchange cryptocurrencies using Apple Pay. However, our exchange has a variety of tools and products for trading and exchanging cryptocurrencies if you're interested in doing so. Additionally, the wallet on our exchange enables users to easily manage their cryptocurrency assets.
