Starting from today, you can pay for your hosting services with Ethereum (ETH). From now on, you can order any hosting service (like a virtual private server, etc) and pay with Ethereum (ETH). Likewise, you can also pay with Bitcoin (BTC) or Bitcoin Cash (BCH). At Yourwebhoster.eu, we support payments with cryptocurrencies for a long time.
What is Ethereum?
Just like Bitcoin, Ethereum is a blockchain distributing computing platform for processing payments. Just like regular currency (EUR and USD), there are multiple cryptocurrencies. If you are new to Ethereum, you can find more information about Ethereum for beginners at Ethereum.org.
How to pay with Ethereum
1. Get a wallet
Firstly, you need a place where you can store your Ethereum. Just like real money, you need a wallet to hold your Ethereum coins in. You can find more information about how to install an Ethereum wallet here.
2. Buy Ethereum
Secondly, you will need to buy Ethereum. You can do so using an exchange. Make sure that you’ll use a secure and well-known exchange. Since this might be different per country (some countries have their own local exchanges), search for good reviews. For more information, check out Ethereum.org about how to get Ethereum.
However, you can also use your computer power to generate Ethereum. This is called “mining”. Unlike Bitcoin, Ethereum started with the idea that you can only mine using computer hardware and not specialised hardware. Mining, however, might not be that profitable.
3. Spend you Ethereum on hosting
Since you have money in your Ethereum wallet, you can use it to order services. Pay for your hosting service with Ethereum.
Please note that the exchange rates may change more rapidly than traditional currency. The use of Ethereum is at your own risk.