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    WEIR010958 SuperCrypto 1 Online Report

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    Bill
    Ethereum is the second largest cryptocurrency after Bitcoin and forms the basic infrastructure for decentralized finance (DeFi) applications. Most DeFi apps are built on the Ethereum blockchain and require Ether (ETH) to operate. Ethereum benefits from the growth of DeFi and its price surged over the last year as DeFi grew rapidly. Ethereum can be purchased through cryptocurrency exchanges like Coinbase, stock market funds that track ETH, or via one of over 6,000 Ethereum ATMs worldwide.

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    WEIR010958 SuperCrypto 1 Online Report

    Uploaded by

    Bill
    302 views7 pages
    Ethereum is the second largest cryptocurrency after Bitcoin and forms the basic infrastructure for decentralized finance (DeFi) applications. Most DeFi apps are built on the Ethereum blockchain and require Ether (ETH) to operate. Ethereum benefits from the growth of DeFi and its price surged over the last year as DeFi grew rapidly. Ethereum can be purchased through cryptocurrency exchanges like Coinbase, stock market funds that track ETH, or via one of over 6,000 Ethereum ATMs worldwide.

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    Ethereum is the second largest cryptocurrency after Bitcoin and forms the basic infrastructure for decentralized finance (DeFi) applications. Most DeFi apps are built on the Ethereum blockchain and require Ether (ETH) to operate. Ethereum benefits from the growth of DeFi and its price surged over the last year as DeFi grew rapidly. Ethereum can be purchased through cryptocurrency exchanges like Coinbase, stock market funds that track ETH, or via one of over 6,000 Ethereum ATMs worldwide.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    302 views7 pages

    WEIR010958 SuperCrypto 1 Online Report

    Uploaded by

    Bill
    Ethereum is the second largest cryptocurrency after Bitcoin and forms the basic infrastructure for decentralized finance (DeFi) applications. Most DeFi apps are built on the Ethereum blockchain and require Ether (ETH) to operate. Ethereum benefits from the growth of DeFi and its price surged over the last year as DeFi grew rapidly. Ethereum can be purchased through cryptocurrency exchanges like Coinbase, stock market funds that track ETH, or via one of over 6,000 Ethereum ATMs worldwide.

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    © All Rights Reserved
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    Download as pdf or txt
    of 7
    At a glance
    Powered by AI
    Some of the key takeaways are that Ethereum forms the basic infrastructure for decentralized finance (DeFi) applications and that interest in DeFi is growing rapidly due to its ability to offer higher yields than traditional finance. DeFi applications are also benefiting Ethereum.

    Advantages of buying through a cryptocurrency exchange include low trading fees, no trade size limits, and the ability to recover passwords. Disadvantages include occasional poor customer service and the risk of account hacks, though major exchanges have good security. Purchased crypto should also be transferred to a secure digital wallet.

    Other options include buying shares of funds that hold Ethereum through a stockbroker, such as Grayscale's Ethereum Trust, or buying shares of 21Shares' Ethereum ETP on the Swiss stock exchange to avoid premiums. One can also use Ethereum ATMs with cash but would need a digital wallet to receive the coins.

    SUPERCRYPTO No.

    1:
    The World Computer That’s
    About To Take Over the
    Internet

    WEIR010958
    An absolutely essential building block of Decentralized Finance. After
    Bitcoin’s 2020 Halving, it out-performed Bitcoin nearly 2:1

    Name: Ethereum Super-Crypto #1


    Trading symbol: ETH Outperforms Bitcoin
    Logo:

    Website: ethereum.org
    Inventor: Vitalik Buterin

    Market Cap Rank: No. 2 behind Bitcoin

    Circulating supply: 113,690,701


    Exchanges you can Coinbase
    buy Ethereum on: Kraken
    Binance

    Suggested digital Exodus


    wallets to store Atomic
    your coins in:

    Ethereum’s global network of computers comprises the Figure 1. Daily percentage change since
    Bitcoin's May 11, 2020 halving. Click to
    basic infrastructure for Decentralized Finance (DeFi). enlarge. Source: coingecko.com

    DeFi is basically borrowing, lending and trading assets on the crypto blockchain — with no
    banker, broker or market-maker standing in the middle taking a slice of the action!

    (The blockchain itself, ensures it’s safe to do business with folks you don't know, and have no
    reason to trust — with no fear of being cheated.)

    Because of this, it’s now easier, faster and cheaper — to borrow money from a DeFi application
    than any traditional bank.

    Advantages like that are going to be more than enough to put legions of bankers and brokers
    out of business going forward. And it will pile up delicious profits for investors in ETH.

    But the real reason DeFi is the hottest sector in crypto is this: After a dozen years of near-zero
    interest rates, millions of investors are ravenous for yield.

    WEIR010958
    DeFi is giving birth to an alternative financial ecosystem where interest rates honestly reflect
    market supply and demand — instead of being artificially manipulated by central bankers and
    politicians.

    As an investor, that means you can actually earn 8% to 10% interest — totally unheard of in
    today's zero-interest, fiat-money world! All you have to do is deposit US$-equivalent stable-
    coins with a blockchain lender.

    Is earning 7% interest popular with today's yield-starved investors? You better believe it!
    That’s why money is pouring into DeFi!

    Even so, most participation in DeFi so far is by industry insiders, developers and investors
    already inside the cryptocurrency community. In the outside world, few among the vast ocean
    of retail and institutional investors have even heard of DeFi.

    Which tells you the scope for future growth of DeFi … is virtually astronomical. Plus …

    DeFi Apps Mainly Live on Ethereum, the


    World's No. 1 Smart-Contract Platform
    Ethereum was the world’s first blockchain to accommodate complex smart-contracts. And it’s
    still the world’s no. 1 smart-contract platform today.

    Smart-contracts are pieces of computer code that automate and animate virtually everything
    crypto networks do (beyond simply making payments). Early in 2019, developers started writing
    smart-contracts for lending and borrowing to run on the Ethereum blockchain.

    This marked the birth of DeFi. Fast forward to today ... and the vast majority of DeFi
    applications (dApps) still run and settle on the Ethereum blockchain. These include:

    • yearn.finance (YFI), an automated hedge fund on the blockchain.


    • Nexus Mutual (NXM), an insurance fund for smart-contract hacks.
    • Aave (LEND), a lending platform, where depositors stake crypto for passive income.
    • Compound (COMP), another lending platform that competes with Aave.

    And every time any of them make a single transaction, they incur network fees payable in ETH.
    In this way, Ethereum benefits mightily, if indirectly, from the explosive growth of DeFi.

    In short, ETH is the fuel that DeFi needs to run.

    Remember the massive 7-month surge ETH prices shown in Figure 1, above? Well, look for
    more of the same, going forward.

    WEIR010958
    3 Ways to Buy Ethereum (ETH)
    Ethereum is the world's no. 2 crypto after Bitcoin. Because it's so big and widely used, it’s one
    of the easiest cryptos in the world to buy.

    1. Buy Ethereum in the stock market, through your regular stockbroker.

    There are now funds you can buy (in America and Europe) that do nothing other than buy-and-
    hold Ethereum. (Or, a handful of other cryptocurrencies.)

    Buying shares in such a single-crypto fund is the fastest way to start investing in Ethereum —
    especially if you're a newcomer, with little time to spend familiarizing yourself with this quirky
    new world of crypto assets.

    The main drawback of buying crypto in this form is that in sometimes you have to pay a sizeable
    premium over net asset value.

    Grayscale Ethereum Trust (OTC trading symbol: ETHE) is a U.S.-listed, closed-end fund that
    holds Ethereum. Each share presently represents 0.09284153 ETH. However, an 8-for-1 stock
    split is scheduled for Dec. 17.

    Anyone can buy and sell ETHE through their regular stockbroker without restriction. However,
    this measure of convenience comes with a cost: ETHE shares consistently trade at prices well
    above (around 130%, as I write) what the underlying ETH is actually worth.

    How To Avoid Paying a Hefty Premium


    for Crypto You Buy in the Stock Market
    Swiss-based 21Shares offers an Ethereum single-crypto ETP. ETPs (exchange-traded products)
    are similar to exchange-traded funds (ETFs) and exchange-traded notes (ETNs), in that they are
    engineered to precisely track the price of a specific investment asset.

    Like, for example, Ethereum.

    21Shares' Ethereum ETP (trading symbol: AETH) is listed on the Swiss stock exchange — where
    you can buy it at net asset value.

    Any stockbroker licensed to execute trades on the Swiss stock exchange (such as Interactive
    Brokers or TradeDirect) can buy shares on your behalf.

    WEIR010958
    2. Buy Ethereum directly via a cryptocurrency exchange.

    A cryptocurrency exchange is a crypto broker, like Coinbase, Kraken or Binance. Of course, you
    have to first open an account and fund it, much like stock brokerage account.

    However, this can usually be done online in less than an hour. (See the Weiss Cryptocurrency
    Quick-Start Guide for Newcomers for specific instructions on how to open and operate a crypto
    exchange account.)

    Advantages include low trading commissions, generally low bid-ask spreads, and no limits on
    the size of trades. And if you forget your password, there's a procedure to recover it.

    Drawbacks include occasional poor customer service. Also, crypto exchange accounts have
    been hacked in the past. The three we pointed you toward above are among the most
    established and trusted in the industry. So, this risk is very small. But it is not zero.

    To be totally safe, store you newly-purchased crypto in a digital wallet (such as Exodus or
    Atomic), and lock your private keys up in a safe.

    3. Visit one of North America’s 6,465 Ethereum ATM machines.

    Crypto ATMs require no account ATMs that accept cash for ETH
    openings, no proof-of-identity or proof
    of residence. All you need is cash, and
    you're good to go.

    However, ATMs are not in the business


    of storing crypto.

    So, when you buy Ethereum at an ATM,


    you need to already have a digital wallet
    to receive your new coins.

    (Either of the wallets listed on Page 1


    would do nicely.)

    The advantages of crypto ATMs are Click on https://coinatmradar.com/ether-atm-map/ for an


    privacy, simplicity and interactive map showing the location of every Ethereum
    convenience. Their drawbacks are higher ATM in the world.

    fees and transaction size limits.

    WEIR010958
    Weiss Ratings, publisher of Weiss Crypto Investor and Weiss Crypto Alert, accepts no
    compensation whatsoever for steering readers to any fund sponsor, crypto exchange, website
    or app developer, digital wallet, or any other vendor mentioned in this report. This
    information is provided purely for educational purposes, and not as individual investment
    advice.

    WEIR010958

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