Ethereum is an open software platform based on blockchain technology that enables developers to build and deploy decentralized applications. Like Bitcoin, Ethereum is a distributed public blockchain network.
Ethereum right now is the second most traded cryptocurrency and the demand for this coin is increasing by the day.
Ethereum was designed to make it possible for anyone to code nearly any type of app and deploy that on a blockchain. So many new coins are being launched on the ethereum network and thus the increase in demand for ethereum. ICOs account for a significant portion of the Ethereum network’s daily transaction volume.
Ethereum can be bought on many exchanges like coinbase, kraken, Gdax, Bittrex, Gemini etc.. Most of these exchanges are not for everyone because in most cases, people from some countries are not accepted.
So how do you get ethereum to buy your RC20 or ERC223 tokens if you don have access to any of these exchanges? The best way is to use another type of exchange. I recommend Shappeshift.. Its a digital asset exchange website where you can convert bitcoin to ethereum or to any other coins..
No sign ups, emails, bids, orders etc.. There is no service or exchange fee. All you get charged is miner’s fee when they are transferring your exchanged coin to you.
You can easily exchange your bitcoin to ethereum easily and very fast. All you have to do is send bitcoin to the site and then your bitcoin will be converted to ethereum.
Watch the video below to learn how to set up your ERC20 or ERC223 wallet for ethereum and also convert bitcoin to ethereum..