Buy Ethereum Australia (ETH)

Ethereum price (AUD)

$0.00

0.00%

AUD

ETH

We charge 0.6% on all trades

Global Rank

Current global rank based on market cap.

Market Cap

The total value based on current price x supply.

24Volume

The total value traded in the past 24hrs.

All Time High (ATH)

The highest dollar value 1 has sold for.

Trade Activity

The % of buy and sell on Swyftx within past 24hrs.

Global Rank

#0

Market Cap

$0.00

24hr Volume

$0.00

24hr Change

0.00%

What is Ethereum?

Ethereum is a decentralised, open-source blockchain network that has its digital currency called Ether or ETH. Ethereum is the second-largest cryptocurrency in the world by market cap. Unlike Bitcoin, Ethereum’s intention is to be more than just a store of value or medium of exchange. Instead, Ethereum is an open-source, decentralised computing platform that can be used by developers to create and run decentralised applications (dApps) and smart contracts.

Ethereum was first launched on the blockchain in 2015 and since then it has pioneered the concept of a decentralised smart contract platform. Ethereum has stated that its goal is to become a global platform for decentralised applications.

Ether (ETH) fuels the Ethereum blockchain network and is mostly used as a method of payment for transaction fees, commonly referred to as gas fees.

You can buy Ethereum (ETH) on the Swyftx crypto exchange. With global liquidity providers, Swyftx boasts small spreads and low trading fees.

Want to learn more about Ethereum? Check out our in-depth Ethereum course, available on Swyftx Learn.

Who created Ethereum (ETH)?

In 2013, a white paper was released by 19-year-old Vitalik Buterin, a computer programmer and co-founder of Bitcoin Magazine. The whitepaper proposed a platform with its own digital currency, that allowed developers to create their own decentralised applications using a built-in programming language.

Vitalik along with a team of co-founders crowdfunded the development of the Ethereum protocol in 2014. Ethereum officially launched in July, 2015.

How to Buy Ethereum in Australia

You can buy, sell and trade Ethereum (ETH) and other digital currencies from Australian cryptocurrency exchanges, such as Swyftx. When trading Ethereum with a Swyftx exchange account, you trade with some of the lowest trading fees and smallest spreads on the Australian crypto market which allows you to keep more in your pocket. We have outlined how to buy Ethereum in this simple step by step guide:

Create your account: Sign up to swyftx by providing your full name, email address, phone number and creating a secure password.

Verify: Verifying your account is quick and easy, usually taking less than 3 minutes. All you need to do is verify your phone number, email address and identification (I.e. passport or driver’s license).

Deposit funds: Once your account is verified, you can make your first deposit of fiat currency (AUD) via your payment method of choice:

  • Bank transfer
  • OSKO
  • PayID
  • POLi
  • Credit or debit card

Buy Ethereum: Navigate to the trade ETH page and select how much Ether you’d like to buy (either the quantity or the AUD equivalent) and confirm your purchase.

Why Use Swyftx to Buy Ethereum (ETH)?

Swyftx is an Australian exchange featuring its own user-friendly mobile app allowing you to buy and sell Ethereum anytime, anywhere. When you purchase Ethereum and other crypto assets through Swyftx’s trading platform, you will pay some of the lowest trading fees compared in the country. With the ability to chart and monitor your crypto investments, set recurring orders and set automatic buy and sell orders, you’ll never miss an ideal Ethereum trade ever again.

If you’re new to cryptocurrency, you can use our demo mode to trade Ethereum and other digital assets with zero financial risk or effect on your own cryptocurrency portfolio. This gives you access to real-time market data and figures, allowing you to learn and understand the markets in-depth. Then, when you are more confident and ready to trade crypto, you can turn off demo mode and purchase cryptocurrencies with real AUD.

Swyftx also has an outstanding customer service team providing personalised, round-the-clock support to all users.

Frequently Asked Questions

What are smart contracts?

A smart contract is a self-executing agreement that allows two counterparts to set conditions of a contract through a computer code that automatically executes a smart contract when its conditions are met. The code and the conditions contained within the contract exist across a distributed, decentralised blockchain platform, such as Ethereum.

 

Smart contracts permit trusted and transparent transactions to be carried out without the need for third-party intermediaries such as lawyers. Common uses for smart contracts include; providing individual identity, cross-border payments and supply-chain management.

 

Ethereum was the first blockchain platform to implement smart contracts and remains the most popular. Smart contracts on the Ethereum network are considered types of Ethereum accounts. These accounts have a balance that can be used to send transactions over the network, without being controlled by a third party. Similar to regular contracts, smart contracts have rules and conditions that are automatically enforced via code.

Can I buy Ethereum with a credit/debit card?

With Swyftx you can deposit money into your account with a credit or debit card, which can be used when buying Ethereum. To deposit Australian dollars (AUD) from your bank account into your account with your credit card, you will need to navigate to the deposit AUD page. When you are on this page you will need to select the credit card deposit option and then follow the steps to deposit funds.

 

Once you have money deposited into your account, you can buy Ethereum instantly. You’ll need to enter the amount of Ethereum you’d like to buy and then simply click the ‘Buy ETH’ button. Swyftx also allows you to deposit funds via other payment methods like bank transfer, PayID and instant deposits with POLi.

What is Ethereum 2.0?

Ethereum 2.0 is an upcoming upgrade to the Ethereum blockchain. Ethereum 2.0 aims to make the Ethereum network significantly faster, less expensive and more scalable. The key difference between Ethereum and Ethereum 2.0 is the introduction of the proof-of-stake (PoS) consensus model that validates transactions on the Ethereum network based on the number of coins a validator stakes.

 

The transition from proof of work to proof of stake consensus algorithm is expected to facilitate over 100,000 transactions per second on its network.

What are gas fees?

Gas fees are transaction fees, paid with Ether (ETH), for every transaction and smart contract made on the Ethereum blockchain. The purpose of gas fees is to compensate Ethereum miners for the computational power used when verifying transactions on Ethereum.

 

Gas fees fluctuate based on traffic on Ethereum’s blockchain. In moments of high network traffic, gas fees increase.

How is the price of Ethereum determined?

Ethereum’s price is affected by supply and demand, similar to other assets like stocks and bonds. When there is a high demand for Ethereum due to favourable factors, the price will increase. The price of ETH will decrease if there is a lack of demand for the asset.

The supply of Ethereum will also affect the asset price. When there is high demand but a low supply the price of ETH will increase. An excess supply of ETH with low demand will see the price drop.

View the live ETH to AUD price.

Why use Swyftx to Buy Ethereum in Australia?

How to buy
Ethereum (ETH)

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Lowest Fees

When you buy, sell or swap Ethereum with Swyftx, you’ll enjoy some of the lowest trading fees and spreads in Australia.

Instant Verification

Swyftx allows you to verify your identity online instantly without the need to upload any documents. Get instantly verified now and buy ETH.

Secure Accounts

When you buy ETH with Swyftx, the combination of Two-Factor Authentication and breached password detection helps protect your account and keeps your funds safe from scammers.

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Risk free demo mode

Learn to trade and gain experience with Swyftx risk free by enabling the demo mode. We even simulate real life liquidity and market depth.

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Rated 4.8 out of 5 based on 1960 reviews

Excellent

3791 Reviews

Joe
Excellent company, quick response time from staff, and easy-to-use interfaces. I would highly recommend Swyftx to anyone.
Oscar Diaz
All good thanks
SLAP AND TICKLE
Very helpful support team. Quick response and easy to understand the guidance they offer.
Jack Branley
very very good
Mr Yandi
Had an issue with deposit not clearing, contacted customer service they investigated and got back to me pretty quick. Ended up being a security issue that locked my account the customer service I received from the Swyftx staff was...
Mac Chu
This is a trustworthy app to trade crypto which is very easy to make deposits and withdrawals from, with excellent support if you have any issues.
Abhi
Very helpful support staff with quick response time.
Peter Morris
I give Swiftx top marks for low fees, easy to use website and friendly staff. Using the Swiftx website to experiment with cryptocurrency has been an interesting experience.
Peter Osborn
I received excellent service when I decided to withdraw funds from my account. The reason being that I wasn't making any profit on any of my wallets.
Daz Royce
Had an issue with withdrawal of assets. I was informed of the appropriate KYC documentation that was required to enable this action. I submitted what I thought was adequate on two separate occasions. But it got knocked back as in...

OUR TOP FEATURES

Why choose Swyftx?

AUD Deposit and Withdrawals

Deposit and Withdraw AUD via PayID, OSKO, Bank Transfer & POLi

Recurring Orders

Automate your crypto investments.Setup recurring deposits to your Swyftx account and have then automatically split across your own range of cryptos.

Stop, On Trigger & Market Orders

Never miss a trade or get caught out by the crypto market volatility. Set Buys and Sells to trigger at any price you want.

Advanced 2FA & Password Security

Easily secure your account with multi-factor authentication and biometric login. Swyftx also monitors other sites for data breaches that might result in compromises on your account.

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