Vitalik Buterin and Gavin Wood founded Ethereum in 2015, making it the second most popular cryptocurrency after Bitcoin. Its total market capitalization is so large that it makes up 17% of the $1.2 billion crypto market. Unlike Bitcoin, Ethereum is not just a medium of exchange, but a fully decentralized computing network built on blockchain technology. It is now home to thousands of applications and games, and the technology is distributed so that everyone on the network holds a copy of the ledger. You can use the native token to Ethereum, Ether, to buy and sell items, as well as to build applications running on the network, giving users more control over their data as there is no central authority managing the network.
If you are considering using Ethereum to purchase proxies, you need to be aware of a few key points. Firstly, cryptocurrencies like Ether are volatile, so the value can go up or down depending on the market conditions. In addition, you should keep your digital wallet safe, just as you would a bank account, and back it up to the cloud for added security. Finally, double-check all information as there are no refunds for crypto payments.
How to Buy a Proxy Server With Ethereum (ETH)?
At ProxyCompass, we have integrated Ethereum (ETH) into our payment methods to take advantage of its numerous benefits. To start using Ethereum to add funds to your ProxyCompass account, you should log in to your account and navigate to the top right corner to click on your email address and select “Deposit.” Then, select “Pay with cryptocurrency” and enter the amount you wish to deposit. Afterwards, you will be redirected to Coingate, our payment gateway, where you should select Ethereum from the list of available cryptocurrencies and complete the process. Once your ProxyCompass account has been funded with Ethereum, you can then use the crypto to purchase proxies. To do this, you must select your preferred proxy and click “Create new order” to specify the bandwidth limit and proxy type. Then, you must check that your balance suffices your order and click the “Pay ($x.xx)*” button to complete the purchase.
*($x.xx) will be your actual purchase price.