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ETH
Ethereum
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Ethereum (ETH)

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What is Ethereum (ETH)?

Ethereum is currently the second most valuable cryptocurrency in the world. It expanded the potential for crypto use cases beyond payment networks like Bitcoin and inspired hundreds of crypto projects.

 

Ethereum is a decentralized, open-source, programmable blockchain. That makes it a launching pad for a broad range of decentralized applications (dapps). For example, some dapps help users access decentralized finance (DeFi) trading or lending platforms. Others are for gaming, music streaming, crowdfunding, insurance, and many other use cases.

 

What is ETH used for?

 

Ether (ETH) is Ethereum’s native cryptocurrency. It helps secure the proof of work blockchain, though Ethereum 2.0 is switching to a more efficient proof of stake protocol in the future. Transaction fees on Ethereum are paid in ETH and are known as ‘gas.’ In addition, ETH is used as a block reward for miners on the blockchain.

 

How do I buy ETH?

 

It’s easy to buy Ethereum in Australia by joining a trusted trading platform like Coinstash. Simply create your account and verify your personal details. Then, deposit some funds and purchase ETH. It’s as simple as that!

 

Learn how to sell Ethereum.

 

Why should I trade Ethereum with Coinstash?

 

Coinstash AU is one of the highest-rated crypto platforms in Australia. Since 2017, we’ve been a one-stop crypto solution for thousands of customers.

 

People love our great customer support, easy-to-use interface, industry-leading security, and other innovative features. We’re also an AUSTRAC registered exchange and have an AFSL license so that you can trade with confidence.

 

Ready to start trading Ethereum (ETH)? Create your Coinstash account in minutes!


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