Next to the Bitcoin, the social trading network eToro has now introduced Ethereum trading. Ethereum is the smaller brother of the Bitcoin and with eToro CFD trading you can profit from either falling or rising ether prices.
Ethereum CFDs are based on the price of Ethereum at the time of purchase. When the Ethereum price rises, so does the value of your buy position on Ethereum. If you don’t know yet how to trade Ethereum just join the social trading network and ask other Ethereum traders how to trade this crypto currency. Feel free to join different discussion forums on the network.
Ethereum vs. Bitcoin
Like the Bitcoin Ethereum is a so called cryptocurrency based on a blockchain technology. In comparison to the Bitcoin there is no limitation of Ether coins in the future. The mining process is just getting harder and harder over time and requires a good graphics board. Ehereum is rather used as an online payment method than as an alternative currency like gold. Ethereum was invented in 2013 by Vitalik Buterin, a cryptocurrency programmer and computer expert.
Trading the Bitcoin with eToro
With eToro you can trade Ethereum CFDs which means, you can but contracts for Long and Short directions and profit from either movement.
With eToro you can trade the world’s second largest crypto currency and build a portfolio. Ehetereum climbed from 2.8 USD to 400 USD, recently we saw a slight correction to 259. In comparison to other trading assets or currencies you can trade Ethereum and the Bitcoin even over the weekend.