Ethereum (ETH), summary. Buy for USD, EUR

Ethereum is an open-source blockchain-based platform that was originally proposed in late 2013 by Vitalik Buterin, a young developer, and then launched in July 2015. The major purpose of this network is development of decentralised apps and services based on smart contracts. Ethereum became the core for lots of other blockchain-based systems, as well as the token emission and ICO standard. While there is no emission limit for this cryptocurrency, 105M ether coins are already circulating so far. Ether is the crypto payment unit within the Ethereum platform. Ether also has some denominations named after famous developers, namely: finney, szabo, wei. Also, Ethereum transactions deal with the term “gas”. Gas is the transaction fee that a sender pays when transfers ethers. The higher this price, the higher the transaction priority. The higher the priority, the higher the processing speed.

Ethers are given the ticker ETH on crypto exchanges — this very acronym stands for the Ethereum platform currency unit. If you are looking where to buy ETH, our exchange will be your best place to get some. We offer you a simplified exchanger, so the purchase will be easy. It will help you swiftly and valuable sell ethers when the rate jumps. We are also proud to offer professional traders the full-fledged trading interface. No matter the strategy, you can make money out of Ethereum trading with our platform. Moreover, as distinct from other cryptocurrencies, ethers can be used not only for transactions or storing. They are exploited as the resource exchange means, and in registering smart contract deals.

Buy ethers for dollars

As long as USD is the world's most commonly used currency, the easiest way to monitor the ether price dynamics is to watch the ETH/USD rate. The ETH/USD trading pair can be considered an important reference point of the cryptocurrency market status.

Today's ether price in USD is: https://polyx.net/account/ETH-USD

Interesting facts about Ethereum, ethers, and gas

• In 2014, Ethereum carried out the initial coin offering to raise funds for further development. During the ICO, developers got 31,591 BTC and then emitted (in exchange) 60,102,216 ETH.

• If we convert the bitcoins acquired during the ICO into dollars at that rate, then we can state that the initial ether emission cost came to 0.31 USD per coin.

• After the success of Ethereum, lots of projects that carry out ICOs based on its blockchain, get ethers in exchange for their tokens.

• In fact, Ethereum (ETH) is a hard fork that is formed because of the chain branching. However, it became the most widespread coin and now dominates over the earlier blockchain version that has been known as Ethereum Classic (ETC).

• Gas can be useful not only in transactions but also in creating and executing smart contracts. Gas limit constrains the cost per action. When making payments in Ethereum, one has to specify the recipient address, gas limit, and gas unit price.

• In summer 2018, ETH emission exceeded the threshold of 100M coins. Vitalik Buterin suggested limiting the maximum number of ethers by 120 million, but the platform community never accepted this idea.

• The lowest ether price was registered on October 21, 2015, which equalled 0.4209 USD.

• The historical maximum of ETH price was registered on January 13, 2018, when one could buy Ethereum coin for 1432.88 USD.

Where to Buy Ethereum

1. The best place to buy Ethereum is our crypto platform that comprises both an exchange and exchanger. We have our in-house 24/7 support desk and ensure the highest possible transaction speed. Also, we offer secure ether wallets. This way, centralised platforms remain the most reliable trade-and-exchange place: users trust licensed and properly-registered companies — such as Polyx.

2. Decentralised exchanges and P2P platforms are also a somewhat safe place for cryptocurrency deals. Though often their liquidity and operating performance are by far lower than those of centralised platforms, they are one of few ways to buy Ethereum anonymously.

3. One can buy Ethereum in the UK through crypto ATMs — looking like conventional ATMs, those allow buying and exchanging ETH. Crypto ATMs are spreading rapidly, especially in large cities. However, users will face high transaction fees when handling crypto with the use of those machines.

4. Advertising boards, forums, social media. Quite common but insecure. To avoid fraud, make sure you do scrupulous research on every single seller. Better yet, take a friend with you to the personal appointment.

How to Buy Ethereum

On Polyx, you will need to sign up and verify your account to deposit fiat money. Having funds on your account, you can buy any cryptocurrency — e.g. ETH. Those who want to buy Ethereum instantly can enjoy our simplified interface. Fast and simple: choose the currency you sell and enter its amount, then choose the currency you buy, click ‘Exchange’.

Experienced users and professional traders will benefit from our advanced interface, which is the best way to buy Ethereum. It offers the complete exchange functionality, including order creation and execution, chart, limit/market buying or selling. Every currency pair has a dedicated page with the DOM and order history.