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Buy Ethereum

ETH

$5,270.66

24H Change
0.30%
24H Volume
$10.0B
Global Rank
#2
Market Cap
$412B

Ethereum Price

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About Ethereum (ETH)


Ethereum is a decentralised, open-source blockchain network that supports smart contracts and is the world's second-largest cryptocurrency by market cap. It transcends the basic functions of a store of value or medium of exchange, like Bitcoin. Instead, Ethereum serves as a versatile computing platform, enabling developers to build and deploy decentralised applications (dApps) and smart contracts without central authority.

Ethereum has stated that its goal is to become a global platform for decentralised applications. To put this in simple terms, think of Ethereum as the foundational layer for a new digital realm. It's like a global computer, allowing various applications such as music streaming services, video games, NFT trading and token swapping to thrive.

The Ethereum blockchain was first launched in 2015. Since then, it has paved the way for other decentralised smart contract platforms like Cardano, Solana and Avalanche.

Ether (ETH) is the native cryptocurrency for the Ethereum network and is used to pay for network fees and reward users participating in the Proof of Stake consensus mechanism. You can buy Ethereum and other digital currencies in Australia in just a few clicks with low fees and minimal spreads on the Swyftx crypto trading platform.

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How to Buy Ethereum (ETH) in Australia

  1. Signup for free
  2. Verify your account
  3. Deposit AUD instantly
  4. Buy ETH

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Ethereum FAQs

  • Ethereum FAQs
  • Swyftx FAQs

What are gas fees?

Gas fees are fees paid in ETH for transactions on the Ethereum network. The purpose of gas fees is to compensate Ethereum validators for the computational power used to verify and process transactions on the Ethereum blockchain.

Gas fees fluctuate based on how congested the Ethereum network is. When the network is congested and lots of people are trying to transact on the Ethereum network, gas fees will typically increase.

How do I store Ethereum (ETH)?

After buying Ethereum or any digital currency on Swyftx, it will be safely stored in your digital wallet inside Swyftx with any other ETH holdings. You can track the progress of your ETH investment as well as the other cryptocurrencies you own via your dashboard

You can withdraw your ETH to an external hot wallet or cold wallet via the withdraw tab in the Swyftx app. Simply scan the QR code for your wallet or paste in the wallet’s address. It's recommended to send a test amount before sending your whole balance. This is to ensure that your crypto is not lost in case you use an incorrect wallet address.

Where is the best place to buy Ethereum?

The best place to buy Ethereum is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Ethereum and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.

How is the price of Ethereum determined?

The price of Ethereum is determined by the forces of supply and demand in the market. Similar to other assets, the price of Ethereum is determined by the number of buyers and sellers in the market at any given time.

Some significant factors that can influence the demand for Ethereum are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.

Can I buy Ethereum with credit card?

Swyftx does not allow you to directly buy Ethereum with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy Ethereum instantly.

Top Traded Assets on Swyftx

By number of orders

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Period: Last 24 hours (AUD)

ETH Buys and Sells

By number of orders

61% Buy
61%
Buys
39%
Sells

Period: Last 24 hours

This should not be used to make investment decisions.

Swyftx Learn

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What is Ethereum and How Does it Work?

Ethereum is the second-largest cryptocurrency in the world behind Bitcoin. Find out how Ethereum works and how it differs from Bitcoin.

Disclaimer: The information is for general information purposes only and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to, buy or sell any assets. It has been prepared without regard to any particular investment objectives or financial situation and does not purport to cover any legal or regulatory requirements. Customers are encouraged to do their own independent research and seek professional advice. Swyftx makes no representation and assumes no liability as to the accuracy or completeness of the content. Any references to past performance are not, and should not be taken as a reliable indicator of future results. Make sure you understand the risks involved in trading before committing any capital. Never risk more than you are prepared to lose. Consider our Terms of Use and Risk Disclosure Statement for more.