Bitcoin and Ether are the two most popular cryptocurrencies in the crypto market. Ether (ETH) is the native cryptocurrency of the Ethereum blockchain platform, and despite having the bigger utility of all cryptocurrencies available, it is the second largest and second most popular by market cap.
If you are considering investing in cryptocurrencies, then these are the two main options that you are likely to come across. In many ways, they are quite similar, but there are also some significant differences to be aware of before you decide which one to invest in. Bitcoin is mainly known for being a store of value, while on the other hand, Ether supports secure financial transactions and smart contracts.
What is Bitcoin?
For investors, Bitcoin is a store of value such as gold, or a currency that can be used for payment. You are investing in a monetary asset when buying Bitcoin. Simply put, Bitcoin is primarily an alternative currency, according to experts.
What is Ethereum?
On the other hand, Ethereum is an ecosystem with the main aim of functioning as a decentralized world computer. It allows for implementing decentralized apps and other alternative forms of utility. Simply put, Ethereum is similar to an operating system such as Android or iOS and can be used by developers to build apps and websites. This means that unlike Bitcoin it’s not just about money. It allows developers to do a lot and is the driving force behind many DeFi protocols, NFTs, and stablecoins. ETH is the native coin for the Ethereum network. You can track its value by looking at the live price of Ethereum.
Should You Invest in Bitcoin or Ethereum?
When it comes to making a decision, there is no one coin that is better than the other. It all depends on the type of investment that you want to make and how you plan to make the cryptocurrency work for you in the future. According to experts, Bitcoin is always going to be a valuable and safe investment to make as it was the first cryptocurrency on the market. On the other hand, Ethereum also has a lot of potential, with some experts believing it to be the crypto asset of choice right now. Experts suggest that investors should build a portfolio that is diversified well, which could mean having a place in it for both cryptocurrencies.
How to Buy Bitcoin or Ether
If you are interested in buying either, or both of these cryptocurrencies, then the best place to start is with a reputable cryptocurrency exchange. This is generally the easiest way to buy cryptocurrency and anybody can do it by simply signing up using the website or app. Once you have an account, you will be able to deposit funds using a payment method that you are familiar with such as a debit or credit card, or bank transfer, which you can then trade for your chosen cryptocurrency.
If you are looking to invest in cryptocurrency, then Bitcoin and Ethereum are the two biggest choices. While not one investment is better than the other, it’s worth looking into both to figure out which is the best option for you as an investor.
