How to Buy Ethereum (ETH) on MyCointainer with EUR or other FIAT currencies

by Andy Mora

Cryptocurrency is probably the best investment vehicle of our generation, and have been a topic of intense discussion over the last few years. Owning cryptocurrency can bring you significant profit over standard Fiat money investments. So, if you are looking to buy cryptocurrency and invest in in a safe manner, then this short guide is for you. Many people stayed away from cryptocurrencies because at first glance Ethereum and other altcoins are too technical to use and can be problematic to buy with Fiat money.

MyCointainer makes buying Ethereum not complicated anymore!
Our mission at MyCointainer is to make cryptocurrency use as simple as it should be. That’s why we are proudly presenting you the easiest way to buy Ethereum with Euro. From now on every MyCointainer user will be able to directly purchase cryptocurrency quick and easily with bank transfer (and soon with Credit/Debit Card).

Buying Ethereum on MyCointainer with bank transfer - step by step:

  1. Firstly, you need to have an account on MyCointainer.com as only registered users can buy cryptocurrency on our platform.
  2. Then all you need is to visit: Dashboard -> Invest or simply click on the blue button “Invest” on top of MyCointainer page and select ‘I want to buy coins’ option:
  3. You will be presented with the page containing the details needed to proceed with your bank transfer. Use payment details to make money transfer using your bank account. Note: please remember to use exactly the same transfer title as you can see on your Bank Transfer Details page, your transfer title is generated only for you and it’s a unique code. Note, you're able to make a deposit with USD, EUR, GBP, PLN, NOK & CHF or any other currency you wish. Remember however, currency exchanges will be applied.
  4. When your bank transfer will be recognized by our system you will have access to your money via Balance Section of your Invest Panel. You can select the money and exchange it to other coin you are interested in (Ethereum, QTUM, PivX etc.). So after you select the correct amount of EUR to exchange, you may compare rates and finish the deal by clicking ‘Buy now”.
    5.All done! Simple isn’t it? After a short while, you should receive the coin of your choice. You can view the balance of your account here: https://www.mycointainer.com/dashboard/

The process shows the path for verfied customers. Read why we require verfication on our platform.

The times when you wondered how to buy Ethereum with Fiat money are finally over. With MyCointainer’s exchange functionality, we act as a portal between the Fiat world and the crypto world. So what is even more amazing that you can exchange Euro to Ethereum and Ethereum to any supported altcoin on the fly.

A good rundown about Ethereum

Ethereum’s co-founder Vitalik Buterin, a cryptocurrency researcher and programmer, launched a crowdsourcing campaign on August 2014 and raised $18 million from the selling of Ether (Ethereum’s digital tokens) to get their vision platform to be the “World Computer”. The idea is to have volunteers from around the world to run thousands of “nodes” and to not rely on any organization to take control of the transactions and information. The platform went live in July 2015.

Ethereum is an open software platform based on blockchain technology that enables developers to build and deploy all kinds of decentralized applications (“DApps”). DApps have been popularized by distributed ledger technologies (DLT) such as the Ethereum Blockchain, where DApps are often referred to as smart contracts. Smart contracts are applications that run on the Ethereum Virtual Machine (EVM).

In 2016, $50 million worth of Ether was stolen by an anonymous hacker which resulted in questions about its security. This caused a divided Ethereum community and it broke off into two blockchains: Ethereum (ETH) and Ethereum Classic (ETC).

Ethereum uses a "proof of stake" system that enhances the efficiency and security in validation. Proof of Stake (POS) validators place deposits or stake Ether for the ability to validate blocks and earn fees.