Ethereum is a decentralized blockchain platform that allows developers to build smart contracts and decentralized applications (dApps). Unlike Bitcoin, which primarily serves as a digital currency, Ethereum was designed to be programmable, meaning it can support complex applications such as DeFi protocols, NFTs, and DAOs. Its native currency, Ether (ETH), is used to pay for transaction fees and network operations. ETH price fluctuates based on real-time market supply and demand.

Who created Ethereum?

Ethereum was proposed in 2013 by Vitalik Buterin, a Russian-Canadian programmer and Bitcoin enthusiast. The platform officially launched in 2015, co-developed by a team including Gavin Wood, Joseph Lubin, Charles Hoskinson, and others. Their goal was to expand blockchain technology beyond simple peer-to-peer payments by introducing smart contracts and decentralized computing.

What is Ethereum 2.0?

Ethereum 2.0 refers to a series of major upgrades aimed at making Ethereum faster, more scalable, and energy-efficient. The most significant change came in 2022 with The Merge, which transitioned Ethereum from a Proof of Work (PoW) consensus mechanism to Proof of Stake (PoS). This upgrade reduced Ethereum’s energy usage by over 99% and paved the way for future enhancements like sharding, which will further increase transaction capacity.

What are gas fees on Ethereum?

Gas fees are the transaction costs required to perform operations on the Ethereum network, such as sending ETH, executing smart contracts, or minting NFTs. These fees are paid in ETH and vary depending on network congestion. After the implementation of EIP-1559, a portion of gas fees is burned (permanently removed from circulation), which can contribute to ETH’s deflationary pressure.

How is Ethereum different from Bitcoin?

While both Ethereum and Bitcoin are blockchain-based cryptocurrencies, they serve different purposes. Bitcoin is designed primarily as a store of value and peer-to-peer digital currency, whereas Ethereum is a decentralized application platform. Ethereum supports smart contracts, making it ideal for building financial applications, NFTs, and gaming ecosystems.

Where can I buy and store ETH?

You can buy Ethereum directly on Phemex, and we’ll securely hold it on your behalf as a custodial exchange. On Phemex, you have the option to purchase Ethereum via credit or debit card as well as via bank transfer. You can also use other cryptocurrency, like USDT, to purchase ETH on the Phemex spot market. After acquiring Ethereum, it will be held in your Phemex spot wallet which boasts meticulous security mechanisms.

How to Buy Ethereum (ETH) Guide

How to Buy Ethereum (ETH) on Phemex

Buy Ethereum (ETH) effortlessly on Phemex, the most efficient crypto exchange trusted by millions. Enjoy secure, instant purchases with flexible payment methods, including credit cards, bank transfers, third-party providers and P2P trading, accessible worldwide. Phemex’s intuitive platform and robust security make buying ETH seamless. Kickstart your cryptocurrency journey today—buy Ethereum securely and confidently on Phemex.

Price of Ethereum

$3,027.55 +3.15%

Where can I Buy Ethereum (ETH)?

Discover where to buy Ethereum (ETH) on Phemex, a secure cryptocurrency exchange trusted worldwide. These three easy steps let you buy ETH with low fees using credit cards, debit cards, bank transfers, or third-party providers—no minimums, no hassle. With two-factor authentication (2FA), proof-of-reserves audits, and anti-phishing protection, Phemex is the safest place to buy Bitcoin and the best place to buy Bitcoin online.

Step 1. Set Up a Secure Account

Sign up on Phemex in moments with your email to start trading Ethereum (ETH) globally. Complete quick identity verification to unlock instant purchases. Phemex’s secure registration, backed by 2FA and proof-of-reserves audits, keeps your account safe from the start, making it a trusted cryptocurrency exchange.

Step 2. Choose a payment method

Choose payment options like credit cards, debit cards, bank transfers, or third-party providers for instant processing. Select your fiat currency and (ETH), and enter the amount to spend. Click “Buy” to proceed with ultra low fees. Phemex’s secure platform, backed by 2FA, ensures the fastest way to buy Ethereum with peace of mind.

Credit/Debit Card

Support:

Currencies 30+

Lowest Fee 0.8%

Arrival Instant

Best For First purchase/Small Amounts

Buy with Credit/Debit Card

Bank Transfer

Support:

Currencies EUR/USD/GBP/CHF/JPY/AUD

Lowest Fee 0.08%

Arrival Instant

Best For Larger Amount

Buy with Bank Transfer

Third-Party Provider

Support:

Currencies 50+

Fee Varies

Arrival Varies

Best For Regional Promos

Buy with Third-Party

Step 3. Buy and Store Ethereum (ETH) Safely

Confirm your order details and complete payment to buy Ethereum ETH instantly. Your (ETH) will be credited to Phemex’s high-security wallet, protected by advanced encryption, within 1 hour or after third-party processing. Buy ETH safely and start trading or holding your ETH today with the best place to buy ETH online.