How to Buy Ethos
Ethos is an American-based company and digital currency. Their goal is to make it easier for all people to own cryptocurrency; hence why Ethos regards itself as the “people-powered’ cryptocurrency. The Ethos company aims to do this by making cryptocurrency markets more easily accessible to average people by offering tools that will speed up the adoption of blockchain technology.
Ethos started as Bitquence (BQX), but the company renamed itself to Ethos to better convey their mission.
What is Ethos?
Ethos is a project that has dedicated itself to the assessment of the surge in cryptocurrency, not just for a specific niche, but for everyone to use in various ways. The company is aiming to develop a central portal, of sorts, that can support the entire cryptocurrency ecosystem, as the Ethos team believes that currently, there is no central portal available, and working on scalability of digital currency won’t be effective until everyone can access cryptocurrency.
The goal of the Ethos project is to serve as a comprehensive multi-asset financial management system. To do that, they offer several tools; the most important of which is the Ethos Universal Wallet.
The Ethos Wallet links to and scans multiple blockchains. Doing so allows it to update the balances of the most popular forms of cryptocurrency, as well as the balance of altcoins. Offering more than 150 coins that can be fully transferred, the goal of the Ethos Universal Wallet is to become the only wallet users will ever require, which will streamline the use of cryptocurrency.
Ethos states that their Universal Wallet will store and transfer all forms of value for free. The architecture of the wallet is open to everyone; average people, companies, and developers. It offers development access to, which makes it possible to add a new coin by simply updating the version of the software or downloading a customized modification.
Ethos also offers a single smart key to manage user funds. Users still keep complete control of their wallets and the company is unable to alter coin balances; but, the single smart key makes it easier to authorize transactions, as all coins can be accessed using a single private key.
To encourage more people to start using cryptocurrency, Ethos makes it easy to deposit fiat currencies and transfer those currencies into a digital coin of the user’s choice. The Ethos platform also makes it very easy to make transfers between coins, which allows users to diversify their portfolios.
Ethos also aims to improve cryptocurrency knowledge. It does this by connecting experienced and beginners together, and rewards experienced users with Ethos tokens whenever they help a new user.
At the time of writing, Ethos has a market cap of more than $12 million USD.
Where to Buy Ethos
Ethos can be purchased from a number of popular online cryptocurrency trading platforms. Some of the most popular online platforms where the Ethos coin can be purchased include the following:
The issues of new Ethos coins is limited, however; a total of 222,295,206 tokens will be issued. Because Ethos is based on the Ethereum blockchain, it will likely be possible to purchase coins on any platform that supports ETH coins.
Why Buy Ethos?
Because the goal of Ethos is to streamline the use of cryptocurrency for all people, investing in this form of digital currency is worthwhile. Furthermore, as the popularity of the Ethos token grows, it will prove to be more valuable, which is evidenced by the projected increase in value as new coins are released.
How to Sell Ethos
Ethos can be sold for other types of cryptocurrency. It can also be sold for fiat currencies, in exchange for more commonly accepted form of cryptocurrency, such as BTC and ETH. To sell Ethos coins for fiat currency, use the following steps:
- Open an account on the altcoin exchange
- Fund your altcoin account with Ethos
- Sell Ethos for ETH or BTC
- Sell ETH or BTC for fiat currency
- Withdraw fiat currency to your bank account
Which Wallets Can I Use for Ethos?
The most highly recommended wallet for Ethos is the Ethos Universal Wallet. Other wallets can be used, however, including:
- My Ether Wallet
- Jaxx Liberty Wallet
- Ledger Nano S