Bitcoin Alternative: How to Buy Ethereum in India at the Best Price?

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finance

Summary

A bitcoin alternative is usually called an altcoin. The term is self-explanatory. It is any cryptocurrency that is created as an alternative to bitcoin, possibly to overcome one or multiple limitations of Bitcoin.

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With more than 4,400 cryptocurrencies in the market today, it’s not difficult to find the bitcoin alternative. However, finding the right bitcoin alternative that fits the purpose of being both affordable and realistic is the key. Ethereum (ETH) has come to the close of being worthy to be called the best Bitcoin alternative. Not only is ETH a more stable cryptocurrency but also it has far more use cases than bitcoin. If you are looking to buy Ethereum in India at the lowest price, you’re at the right place.

Why do we need a bitcoin alternative?

As you may already know, bitcoin is the most popular cryptocurrency in the world. While this is a good thing, the increasing demand and price of Bitcoin have made it nearly impossible for everyone to afford it. Second, bitcoin is a digital currency and has zero or little uses beyond digital payments.

A bitcoin alternative is usually called an altcoin. The term is self-explanatory. It is any cryptocurrency that is created as an alternative to bitcoin, possibly to overcome one or multiple limitations of Bitcoin.

Why ETH is the Best Alternative to Bitcoin

Eth (Ether) is the native cryptocurrency of the Ethereum blockchain, which is a decentralized blockchain software that for the first time explored the possibility of using the blockchain beyond finance. The Ethereum blockchain was the first to introduce the concepts of smart contracts and Decentralized Applications (DApps), which made it possible for the blockchain to be used in third-party systems within and beyond finance.

One of the best benefits of ETH over Bitcoin is that the former can be used in virtually any place through its smart contracts and decentralized applications. As an open-source blockchain, Ethereum allows developers and businesses to build and launch their decentralized applications on the platform, which further helps expand the applications of blockchain technology.

Even for investment purposes, ETH is the best long-term alternative to Bitcoin. Also, it’s easy to buy now because of its low price compared to the BTC price.

What’s a better way to buy ETH at a low price?

Peer-to-peer crypto exchanges are usually the best option when you are looking to save money on transaction fees and want the flexibility to pay in your favorite or local currency.

For instance, the Shiftal P2P ETH exchange allows you to buy Ether directly from other users/sellers and pay using any of the available 70+ payment options, including UPI, bank transfer, cash, Google Pay, and Amazon Pay. Also, the trade fee on Shiftal is zero for users who do not post new ads.