Looking to enter crypto’s second largest market? Sitting firmly in the second position of the largest cryptocurrencies based on market cap, Ethereum offers an open sourced platform on which developers can build applications for businesses. The network is renowned for their decentralized applications (dApps) and smart contract functionalities, and has become a solid foundation for the world of DeFi (decentralized finance). Ready to get involved, let’s get into how to buy Ethereum with Euros.
What Is Ethereum?
Ethereum in a nutshell is a blockchain system that allows developers to build their own decentralized application on top of it as opposed to creating an entirely new blockchain network. These dApps can be used for a plethora of industries, with no limits. The network is also notorious for smart contract functionality, allowing developers to create their own smart contracts, essentially digital agreements that don’t require a third party. The use cases for Ethereum’s platform are endless, with the rising DeFi industry being a prime example.
If you’re ready to invest in ETH, Tap Global offers an easy and safe manner to do so. Available from the Google Play and Apple Store, the Tap app offers strong security and an intuitive experience in buying, selling, trading and storing cryptocurrencies, as well as a means to onboard Euros. Let’s jump into our guide on how to buy Bitcoin with Euros.
How To Buy Ethereum With Euros
Step 1: Register An Account
Once you’ve downloaded the app you will need to create an account. Upon entering the app, you’ll be welcomed with a quick tutorial on how to navigate yourself around.
Step 2: KYC
KYC refers to the Know Your Customer process that requires users buying and selling cryptocurrency online to complete. It is common practice among reputable businesses and is mandatory in order to safely and securely enter the crypto market.
You’ll find a quick link to the KYC process when selecting the blue Add Money box. The process shouldn’t take more than a few minutes, and will require you to submit the following details:
- Address
- Country
- Selfie
- Proof of Identity
- Proof Of Permanent Address
You’ll find each step is laid out in the simplest manner. Once you’ve submitted the documents you will receive an email confirmation of receipt, followed by an approval mail giving you access to all of the app’s features.
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