Ethereum Cryptocurrency. Buy ETH for USDT and BTC.

Ethereum is a platform for developing and running decentralized applications and services using smart contracts. It consists of a blockchain, a payment system, a virtual machine, and a distributed network.

Ethereum was created by programmer Vitalik Buterin towards the end of 2013. He announced the project in July 2014, and launched it a year later, after holding a presale and collecting bitcoins for development. Its blockchain platform became the basis for creating thousands of other crypto projects, issuing tokens according to ERC standards, and conducting ICOs.

Ethereum’s internal currency is often applied with the same name, but in fact, it has its own — ether. The coin has subunits named after famous developers: finney (one thousandth of an ETH), szabo (one millionth of an ETH), and wei (one quintillionth of an ETH). Ether’s issue is not limited, and today there are already 117.7 million coins in circulation.

If you are looking for a cheaper place to buy ethers, our cryptocurrency platform will help you. It includes a simplified exchanger, so the transaction will not cause any difficulties. With its help, you can just as easily sell Ethereum at a competitive price. For professional traders, we have a full-fledged trading interface, and you can use it to profit from the ETH exchange rate with different strategies. Furthermore, the purpose of ethers is not limited to transfers, payments, and storing savings. They are also used as a means of exchanging resources and registering operations in smart contracts.

Buy Ethereum for USDT

All over the world, the US dollar is considered the main clearing currency, so it is easiest to monitor the exchange rates of other currencies against the dollar. And in the world of cryptocurrencies, it has been successfully superseded by USDT, Tether’s cryptographic analogue of the dollar. Based on the fact that 1 USDT is worth 1 USD, the ETH/USDT trading pair can be considered the prime tool for monitoring both the price of Ethereum online and the state of the cryptocurrency market.

Ethereum chart on the Polyx exchange: https://polyx.net/account/trade/ETH-USDT

Buy Ethereum for bitcoins

If you need ethers, say, to purchase DeFi or NFT tokens, you can buy them not only for USDT, but also for BTC. In fact, it is common to exchange bitcoins for ethers.

Chart of the price of ETH in BTC on Polyx: https://polyx.net/account/trade/ETH-BTC

Ethereum prices in 2021

Open of the year: 737.71 USDT.
High of the year (12 May): 4362.35 USDT.
Low of the year (2 January): 718.11 USDT.

Online chart of Ethereum price:

Where to buy Ethereum

1. Our cryptocurrency platform, which includes both an exchange and an Ethereum exchanger, can be regarded as the most reliable place to buy Ethereum. We ensure the highest possible transaction speed, provide 24/7 support, and have secure wallets for storing ETH. In general, centralized platforms are still the safest place to trade ethers. Users trust officially registered companies with licensing, such as Polyx.
2. Decentralized ETH exchanges and p2p marketplaces are a slightly less secure alternative for conducting transactions with a cryptocurrency. At the same time, the majority of them can’t match the operation speed and liquidity of centralized platforms. However, this is one of the few ways to buy Ethereum anonymously.
3. Buying Ethereum in Europe is even possible through crypto ATMs (ATMs that sell and exchange ETH). They are becoming increasingly common, mainly in the capitals and large cities, but many have high transaction fees.
4. Message boards, forums, and social networks are the most obvious and familiar ways to make deals, but they are not safe. You will have to carefully check each seller so as not to encounter fraudsters. Similarly, it is best to take a relative with you to a face-to-face meeting as a precaution.

How to buy Ethereum on the exchange

If you choose Polyx, you need to deposit a cryptocurrency. With USDT, BTC, LTC, or BCH on your balance, you can immediately start buying ETH. For those who want to buy ethers instantly, we suggest using the exchanger’s simple interface. This requires minimal effort: select the cryptocurrency to be given, enter the amount, select the cryptocurrency to be received (ETH), and click on ‘Exchange.’

For experienced users and professional traders, our advanced interface is the best way to buy Ethereum cryptocurrency. All the functionality of the exchange will be available here: creating and executing orders, chart, and buying or selling Ethereum by limit. Moreover, each currency pair has its own trading page with DOM and history.

Where to store Ethereum

Information about transactions (addresses and amounts) in the Ethereum blockchain is available to all network participants. But, as the payment system does not require them, the identity of the sender and recipient are not displayed anywhere. Because of this, the cryptocurrency allows for pseudonymity, but not complete anonymity. One user can create any number of wallets in the form of addresses. Thus, keeping money in ethers is convenient and safe.

You can store ETH in the official GETH client, but for that, you need to download the entire blockchain and run a full node. In October 2021, this required 367 GB, which is not very convenient, especially for mobile use.

For your convenience, we offer Polyx Crypto Wallet — a secure, fast, and mobile crypto wallet. It has a user-friendly interface and many useful functions for managing your crypto assets. Polyx Crypto Wallet is a non-custodial wallet that guarantees complete security of your cryptocurrency. Private keys are stored on your device only, so you will have full control.

Interesting facts about Ethereum, ethers, and gas

• In July 2014, Ethereum held an initial coin offering to raise funds for development. During the ICO, developers issued 60,102,216 ETH in exchange for 31,591 BTC.
• If we convert the bitcoins received during the ICO into US dollars at that price, we can assume that the initial price of 1 ETH was approximately 0.31 USD.
• Ethereum (ETH) is actually a hard fork that emerged from a branch of the blockchain in July 2016, but it has secured a wider distribution and dominates the earlier version, which has since continued to evolve under the name Ethereum Classic (ETC).
• When performing transactions on Ethereum, you encounter the term ‘gas.’ This is the price that the sender pays to transfer ethers. The higher it is, the higher the priority of the transactions, and coins will be sent faster.
• Gas is needed not only for transactions, but also for creating and carrying out smart contracts. The gas limit serves as a limit on the payment for actions.
• When transferring ethers, you need to indicate the recipient’s address, gas limit, and gas price.