Etherum is currently one of the most popular cryptocurrencies in the world, serving as both something you can invest in and trade with. In this article, we’ll explore how you can use Ethereum to Buy OSRS Gold. Don’t worry if you’ve never touched any cryptocurrency before because we’ll guide you throughout the entire process!
The first section will cover more so the technical details and arguments for using Ethereum. If you’re already convinced about using Ethereum or not interested in the lengthy details, you can skip the section! Whilst some concepts may be hard to grasp just from reading theory, things become much clearer when you begin playing with cryptocurrency yourself, even with small amounts.
Why use Ethereum?
There are many cryptocurrencies out there, with new ones trending every day. Everyone has heard of the most popular cryptocurrency, Bitcoin, but they usually haven’t heard of any others or underrate them entirely. Ethereum and Bitcoin aren’t too different in principle, as both use a ledger known as the Blockchain. Aside from Bitcoin, Ethereum has been the longest-standing popular cryptocurrency.
Ethereum has many advantages over Bitcoin, including smart contracts. Ethereum is also transitioning to a ‘Proof-of-Stake’ system, replacing the ‘Proof-of-Work’ concept, where lots of electrical power is wasted. Therefore, Ethereum is a coin that’s much more environmentally friendly.
Contrasted to Bitcoin, Ethereum validates blocks every 12 seconds as opposed to Bitcoin validating each block every 10 minutes. Furthermore, Bitcoin will eventually reach a point where no more coins can be generated or ‘mined’ because a limit in the design sets the maximum amount to 21 million Bitcoins ever, and the supply takes longer to produce/mine as the coin ages. Ethereum does not have any such limits on coin generation, so some speculate that it is a better coin looking into the far future.
Best Places to buy Ethereum
So, by now you may be wondering how exactly you get Ethereum. The best way is to use any cryptocurrency exchange that you personally trust. Generally speaking, Coinbase is considered the most trustworthy exchange that has stood the test of time! However, you’re free to use any cryptocurrency exchange that you personally enjoy. One reason to favor cryptocurrency is that it automatically manages and creates wallet addresses for you, allowing you to store cryptocurrency within your account itself rather than a specific wallet address.
The first step is completing the registration process on their website, Coinbase.com - it is quite simple and straightforward.
Once you're registered, link your bank or debit/credit card to your account to Buy Ethereum. Then head over the the home page, there at the top of the page you will find the Buy/Sell Button.
Coinbase may ask you to provide a picture of your identification which they then automatically scan, which is completely standard when buying Cryptocurrency.
Buying OSRS Gold with Ethereum
From here, you can head to RSGoldMine.com and click on ‘Buy OSRS Gold’. All you have to do here is input your in-game name for OSRS and the amount of gold you’d like to purchase in millions. You’ll get an instant price, so you know exactly how much everything costs in advance. Click the ‘Buy Now’ button and head to the payment confirmation, and choose Ethereum.
You should receive some instructions on where to send the Ethereum and the exact amount you have to send.
Then head back to ‘Send / Receive’ on Coinbase, and then you’re golden. You should have the exact amount to send from RSGoldMine and the specified wallet address. All you have to do is ensure that you’ve selected Ethereum and don’t mistype any characters on Coinbase, which can easily be circumvented by using copy-and-paste rather than manually typing out a lengthy wallet address!
From here, your payment should be confirmed within a few minutes and you’ll then be redirected to our website. Then you will be prompted to talk to us in Live Chat to collect your gold in-game!