In this guide, we will explain Ethereum basics, what Ethereum wallet to download, how to buy ETH with credit cards, discuss ETH price prediction and more.
What is an ETHEREUM wallet?
An Ethereum wallet is an application that makes it easy to manage and trade ETH, as well as interact with applications built on Ethereum.
Launched in 2015, Ethereum is an open-source, public, peer-to-peer network of virtual machines that enables various applications of blockchain technology. Unlike Bitcoin blockchain which is solely used to track the ownership of its digital currency Bitcoin, the Ethereum blockchain can do so much more.
Ethereum has a native cryptocurrency called Ether (ETH). ETH is "digital money" that can be transferred between accounts and used to pay for transaction fees and services on the network.
Every single operation that occurs on the Ethereum blockchain, be it a transaction or smart contract execution, requires a certain amount of gas. Ethereum Gas is what is used to calculate the number of fees that need to be paid to the network in order to execute an operation.
There are two types of Ethereum wallets, hot and cold. Hot Ethereum wallets (software wallets including mobile, desktop, or online wallets) store your keys online, while cold wallets (hardware wallets) on the contrary are those that are stored offline.
Mobile Ethereum wallets are the most popular compared to others as they are easy to use.
Which Ethereum wallet should I use?
HB Wallet is the leading mobile Ethereum wallet in Japan which works with ETH, ERC20, ERC223 and ERC721 tokens. It’s simple, fast, and secure. The wallet is non-custodial, which means no one but you have access to your private key. Not even the HB Wallet team.
At the time of writing, more than 20,000 tokens that exist on the Ethereum network are accessible through the application. You can use HB Wallet to participate in ICOs, receive airdrops and manage your funds as well. HB Wallet is intuitive and easy to understand yet composed of tons of useful features such as Chat, Grab Token, NFT Market, Smart Proof, Swap Token, and more.
HB DEX (a built-in decentralized exchange) is also in association with HB Wallet to let users trade ETH for ERC-20 tokens (and vice versa) securely from your Desktop.
HB Wallet is compatible with multiple platforms (both desktop and mobile).
Download HB Wallet
buy ETH with credit cards via an Ethereum wallet
HB Wallet has partnered with Simplex to let users buy Ethereum (ETH), Bitcoin (BTC), Ripple (XRP), or Tron (TRX) with Credit Cards, or Debit Cards within a few simple steps.
HB Wallet accepts Credit Cards, or Debit Cards from reputable institutions like Visa, Master Card, JCB, or American Express, etc. However, it will depend on the national regulations to determine whether your card is eligible to buy Cryptocurrency from Simplex or not.
It should take approximately 30 minutes or less to receive the purchased amount of Ethereum (ETH), Ripple (XRP), or Tron (TRX), while it will take a bit longer with Bitcoin (BTC).
All the provided information (KYC) will be kept confidential by SIMPLEX. You will still remain anonymous on HB Wallet so don’t worry.
Ethereum price prediction
Disclaimer: The opinions expressed here are solely for information purposes. Viewers should conduct their own research before making any investment decisions. Every investment always comes with risk.
According to Dapp Review, the total transaction value in decentralized applications based on the Ethereum network reached $ 12.8 billion, surpassing similar indicators in the EOS ($ 6.1 billion) and TRON networks ($ 4.4 billion) in 2019.
Even though we saw a heavy downside that crashed ETH’s price to $86 following Bitcoin’s 40% daily plunge last Thursday, the crypto market has seen a mild recovery following the drop.
Recently, Coindesk predicts that the price of Ether will most likely struggle for the foreseeable future. Nevertheless, if ETH can break past its immediate resistance levels, it will be able to stabilize once again. If not, the currency could very well slip past under the $100 point.
Most importantly, the future Ethereum price will depend on the success of Ethereum 2.0. In general, future price projections for Ethereum are pretty positive as everyone agrees that ETH is a good long-term asset. This is understandable as ETH is the second-largest cryptocurrency so far in the crypto space, and there have been so many tokens revolving around the Ethereum blockchain. Thus, giant firms including Microsoft, IBM, Amazon, etc have also shown their interest in blockchain adoption.
Although we have seen some competitors being faster and more scalable, Ethereum still manages to hold first place in the amount of Dapps it hosts. The community is clearly looking forward to the next update which should improve the network and solve speed and capacity problems.