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Ether (ETH)<\/strong><\/a> is the native cryptocurrency coin of the Ethereum ecosystem. Ethereum is an open-source blockchain that offers its users a broad range of functionalities. The development of Ethereum has seen rise in new blockchain technologies, such as <strong>smart contracts, <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-are-decentralized-applications-dapps/">decentralized applications (dApps)<\/a>, and the Ethereum Virtual Machine (EVM)<\/strong>. Thus, all these technologies make Ethereum unique.<\/p>\n<p>Due to its functionality, Ethereum is sometimes referred to as the world computer. It&rsquo;s highly programmable and aims for complete decentralization, allowing users full control over their blockchain-based projects without the need for intermediaries. At the time of writing, Ethereum is the <a href=https://www.bitdegree.org/"//cryptocurrency-prices//ethereum-eth-price/">second-biggest cryptocurrency<\/strong><\/a> in the world based on market capitalization.<\/p>\n<h2>Who Developed Ethereum?<\/h2>\n<p>Ethereum was co-founded by a team of eight programmers and entrepreneurs. <strong>Vitalik Buterin<\/strong> is known as the author of the Ethereum whitepaper and is perhaps the most recognizable member of the founders&rsquo; team. Buterin is a programmer who has been involved with crypto since 2011. He was 19 when he penned the ETH whitepaper in 2014.<\/p>\n<p><strong>Gavin Wood<\/strong> is a computer scientist and one of the developers of <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-solidity/">Solidity, the programming language used by Ethereum. Alongside co-founding Ethereum, Wood also created <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//what-is-polkadot-in-crypto/">Polkadot, a decentralized network that enables cross-chain peer-to-peer transactions and blockchain interoperability.<\/p>\n<p>Other co-founders include Anthony Di Iorio, an entrepreneur who has invested in a number of blockchain projects, Charles Hoskinson, former CEO and the co-founder of the Ethereum Foundation, Mihai Alisie, founder of the AKASHA Foundation, Joseph Lubin, entrepreneur and founder of ConsenSys, entrepreneur Amir Chetrit, and programmer Jeffrey Wilcke.<\/p>\n<p>Of the initial co-founder team, <strong>Buterin is the only one still actively involved in the Ethereum project<\/strong>. While some members have left to work on competitive blockchains or have left the industry altogether, Alisie and Lubin have been involved in projects that provide layer 2 support for Ethereum.<\/p>\n<p>Prior to the official launch, the Ethereum team held an <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-initial-coin-offering-ico/">Initial Coin Offering (ICO)<\/strong><\/a> in 2014 to attract investors and put the asset on the blockchain map. During the period, the Ethereum price was set at roughly $0.3. After the successful ICO campaign, Ethereum officially launched on 30 July, 2015.<\/p>\n<p>According to Wood, <strong>Ethereum was set to serve as a single computer<\/strong> that can encompass the entire Earth. Throughout the years, it's introduced new technologies that had not been utilized on blockchains before.<\/p>\n<p>In recent years, the asset has become increasingly volatile, with the Ethereum price experiencing more frequent swings. It saw a steady increase in its value throughout 2021.<\/p>\n<p>October-December 2021 was one of the most significant periods for Ethereum's market performance. Similar to <a href=https://www.bitdegree.org/"//crypto//buy-bitcoin-btc/">Bitcoin, ETH recorded its highest-ever worth to date. On November 16th, the ETH price peaked at $4,891.<\/p>\n<p>As the second-biggest cryptocurrency in the world, Ethereum plays an important role in <strong>setting up market trends<\/strong>. Despite aiming for decentralization, it has been subject to financial regulations in different countries.<\/p>\n<p>U.S. tax regulations have caused some Ethereum price fluctuations. ETH was also strongly affected by the crypto market crash in June 2022.<\/p>\n<h2>What Makes Ethereum Unique?<\/h2>\n<p>Ether is the native coin of Ethereum. However, the blockchain can be used to develop other tokens as well. Ethereum-based tokens can be used by other blockchain platforms as&nbsp;<strong>means of payment, staking, or to power <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-are-decentralized-applications-dapps/">dApps and DeFi services.<\/strong><\/p>\n<p>Ethereum is one of the biggest cryptocurrencies in the world by market capitalization, coming second only to Bitcoin (BTC). The supply of ETH crypto assets is not limited by a hard cap, making it an <strong>inflationary coin.<\/strong> Take a look above to see how many Ethereum coins are in circulation.<\/p>\n<p>Do note that ETH can only be used on the Ethereum network. However, there is a designated ERC-20 token known as <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-wrapped-ether-weth/">Wrapped Ether (wETH)<\/strong><\/a>. It is pegged to the value of Ethereum and can enable cross-chain transactions.<\/p>\n<h3>What Are Smart Contracts?<\/h3>\n<p><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-smart-contract/">Smart contracts<\/strong><\/a> are self-executing programs on the blockchain. The technology was developed to enable anonymous peer-to-peer transactions and automate the process of verification. The smart contracts that contain transaction data are distributed through the network.<\/p>\n<p>Smart contracts were introduced on Ethereum. They have since revolutionized blockchain technology and become a crucial part of decentralized finance (DeFi) by enabling simpler on-chain trading, lending, and investing procedures.<\/p>\n<h3>What is the Ethereum Virtual Machine (EVM)?<\/h3>\n<p><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-ethereum-virtual-machine-evm/">The Ethereum Virtual Machine (EVM)<\/strong><\/a> is a Turing-complete blockchain-based software that functions as a decentralized computer. It&rsquo;s responsible for executing all tasks within Ethereum. Its code is entirely isolated from any external processes, and each network node runs on the EVM to ensure the consensus is maintained.<\/p>\n<h3>What are Tokens and NFTs?<\/h3>\n<p>Although blockchain-based tokens were not invented on Ethereum, this platform played a crucial role in the rising popularity of fungible and non-fungible tokens (NFTs). There are several different token standards on Ethereum, such as <strong>ERC-677, ERC-1155, and ERC-948.<\/strong> However, the two most popular Ethereum token standards are <strong>ERC-20 and ERC-721.<\/strong><\/p>\n<p><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-erc-20/">ERC-20 is the most commonly used token standard on the platform. While the Ethereum coin is native to the platform, ERC-20 tokens can be used on Ethereum-based decentralized platforms. Well-known examples of popular ERC-20 tokens include stablecoins such as DAI and USD Coin (USDC).<\/p>\n<p><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-erc-721/">ERC-721 are known as non-fungible tokens, making them one-of-a-kind assets that cannot be duplicated or replicated. They often have special features that cannot be used with other token standards and offer unique use cases. NFTs are often used as digital collectibles and decentralized gaming assets.<\/p>\n<h3>What is EIP-1559?<\/h3>\n<p>In August 2021, the Ethereum network conducted a large-scale upgrade known as the <strong>London Hard Fork.<\/strong> One of the core changes implemented during this upgrade was <strong>EIP-1559.<\/strong><\/p>\n<p>EIP-1559 was developed to deal with the <strong>issues related to gas fees<\/strong> on the platform. The way gas, or transaction fees, are calculated on Ethereum has been an issue for most of the network&rsquo;s run. Prior to the upgrade, all transactions would be manually chosen by the miners to validate, often leading to the higher transactions receiving priority.<\/p>\n<p>The manual selection of transactions would often lead to network congestions, delaying the transaction validation time. The EIP-1559 upgrade was developed to reduce network bottlenecks and automatize the transaction processing.<\/p>\n<p>The upgrade introduced <strong>automatic base fees. <\/strong>It&rsquo;s a set amount of <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-gwei/">Gwei that the users pay for their transactions to be processed. The base fee depends on traffic congestion. Users that require faster transaction processing are able to pay a priority fee to move up in the queue.<\/p>\n<p>In addition to the automatization of the fees distribution, EIP-1559 also added an <strong>inflation-management mechanism.<\/strong> With each transaction, the base fee is burned to reduce the amount of Ethereum in circulation. The long-term aim of this mechanism is to ensure that the ETH price stabilizes over time and the value increases.<\/p>\n<p>Furthermore, the <strong>fee burning mechanism<\/strong> exists to regulate the price of the gas fees themselves to ensure that the users are paying a fair amount for their transactions. It&rsquo;s possible that the issues related to Ethereum price including gas fees will be further mitigated with the launch of Ethereum 2.0.<\/p>\n<h3>What is Ethereum 2.0?<\/h3>\n<p>Ethereum uses the <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-proof-of-work-pow/">Proof-of-Work (PoW)<\/strong><\/a> consensus mechanism, which is also employed by many other blockchains, including Bitcoin. This means that in order to increase the asset&rsquo;s supply, new Ethereum coins must be mined using special hardware.<\/p>\n<p>This method of creating cryptocurrency requires high energy resources and can be expensive and inefficient. Furthermore, it can have a significant ecological impact due to the amount of heat generated by the hardware and the difficulty of acquiring materials required to produce the devices, like lithium and cobalt.<\/p>\n<p>Since the launch of Ethereum, the <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-proof-of-stake-pos/">Proof-of-Stake (PoS)<\/strong><\/a> method of creating cryptocurrency has become more prominent. For this reason, the Ethereum network underwent the Merge in summer of 2022.<\/p>\n<p><strong>The Merge<\/strong> is the name of the project that switches Ethereum from the PoW to the PoS consensus algorithm. It is expected that the Merge will help solve some of Ethereum&rsquo;s biggest problems related to scalability and transaction speed. It&rsquo;ll make the network more sustainable overall and will significantly reduce Ethereum&rsquo;s energy consumption.<\/p>\n<p><strong>Ethereum 2.0<\/strong> will be a merger of the current Ethereum Mainnet and <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-beacon-chain/">the <strong>Beacon Chain system<\/strong><\/a> which uses the PoS consensus algorithm. The total supply of Ethereum will be adjusted to account for the burned fees and the new ETH coin issuance system.<\/p>\n<p>Under the PoS system, users must stake a minimum of 32 ETH to start acting as network validators. For participating in this role, users are eligible to earn 6% APR as an incentive to continue their contributions to the network. The amount of rewards is expected to be adjusted as the size of the network increases.<\/p>\n<h3>What is the Ethereum Name Service (ENS)?<\/h3>\n<p>The Ethereum Name Service (ENS) is a distributed, open-source <strong>Ethereum-based naming service<\/strong>. It works similarly to the <strong>Domain Name Service (DNS)<\/strong>. However, it has a significantly different architecture allowed by blockchain technology. In essence, ENS is used to convert machine-readable Ethereum addresses into human-readable ones.<\/p>\n<p>So, instead of a long string of random letters and numbers (<em>which is how crypto addresses usually look<\/em>), you can name your address \"<em>cryptoenthusiast.eth<\/em>.\" Then, when someone wants to send you crypto, they don't need to type in your actual alphanumeric address, they can simply use the name you linked to it through ENS.<\/p>\n<h3>What is an Ethereum Killer?<\/h3>\n<p>Ethereum killers are usually those <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-layer-1-blockchain/">Layer-1 blockchains<\/strong><\/a> that are created with features similar to the ones Ethereum has, plus some improvements that solve the problems faced by the blockchain. As the name suggests, such networks seek to replace Ethereum. The two main areas that most Ethereum killers seek to improve are&nbsp;<strong>fees and transaction processing time<\/strong>.<\/p>\n<p>Some of the most popular networks that are dubbed Ethereum killers include <a href=https://www.bitdegree.org/"//cryptocurrency-prices//solana-sol-price/">Solana (SOL)<\/strong><\/a>, <a href=https://www.bitdegree.org/"//cryptocurrency-prices//polkadot-new-dot-price/">Polkadot (DOT)<\/strong><\/a>, <a href=https://www.bitdegree.org/"//cryptocurrency-prices//polygon-matic-price/">Polygon (MATIC)<\/strong><\/a>, and others. However, while these networks really are popular, as of writing, none of them managed to actually surpass Ethereum.<\/p>","url":"https:\/\/www.bitdegree.org\/cryptocurrency-prices\/ethereum-eth-price","crypto_currency_info":{"id":18,"crypto_currency_id":17,"description":"Ethereum (ETH) is a cryptocurrency . Users are able to generate ETH through the process of mining. Ethereum has a current supply of 120,104,906.3115. 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What is Ethereum?

Ether (ETH) is the native cryptocurrency coin of the Ethereum ecosystem. Ethereum is an open-source blockchain that offers its users a broad range of functionalities. The development of Ethereum has seen rise in new blockchain technologies, such as smart contracts, decentralized applications (dApps), and the Ethereum Virtual Machine (EVM). Thus, all these technologies make Ethereum unique.

Brief Ethereum Analysis

Based on the technical Ethereum analysis & evaluation, the current market rank of ETH is #2, while the coin's market cap is $290,469,590,872. In comparison, the Bitcoin market cap is as high as $894,979,079,493! According to our research, the total circulating supply of Ethereum is 120,184,171 ETH coins, while Bitcoin has a total current supply of 19,594,450 BTC coins.

Why Do People Buy Ethereum & Other Altcoins?

While there are multiple reasons why people buy Ethereum with a credit card, the main ones would have to include the technology behind the cryptocurrency in question, and also the investment opportunity that comes with it. The same can be said about many of the altcoins out there, but Ethereum truly does stand out from the crowd as one of the leading cryptos on the market!

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How to Buy Ethereum (ETH) Instantly in a Few Simple Steps

It only takes a few easy steps to buy Ethereum with credit card instantly. Speed matters - get instant confirmation, minimal registration & KYC verification!

1. Click the Buy Now button

Figuring out how to buy ETH with a debit card is easy. Besides, the buying process itself is fast and risk-free. The first thing you need to do is click the “Buy Ethereum Now” button featured below. Once you do that, you will be safely taken to the checkout page.

2. Fill in the fields

Firstly, select the cryptocurrency you want to purchase (since you’re searching for how to buy Ethereum, select ETH). Then, select the fiat currency you’ll be paying in. Lastly, specify the amount of crypto you want to buy and fill in your Ethereum wallet address.

3. Proceed to checkout

Go to the checkout & fill in your billing details - make sure it’s done correctly. A tip to keep in mind on how to buy Ethereum - always double-check your info. Now, note that you can buy ETH with VISA or Mastercard. The card payment is processed with zero fraud risk.

4. Receive your Ethereum

That’s it, these are all the things you need to know about how to buy ETH. Once you complete the steps mentioned above, you just need to wait for Ethereum to appear in your crypto wallet. Just remember - filling in your crypto wallet address correctly is very important!

How to Buy <span class="emph">Ethereum (ETH) Instantly</span> in a Few Simple Steps
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Join millions of crypto holders worldwide who purchased their ETH lightning fast & with no hassle!

What Are the Benefits

of Buying Ethereum (ETH)?

Whether it’s seeking independence of your assets, exiting the governmental economy, or wanting to invest in this very promising phenomenon, purchasing Ethereum (ETH) is taking a step into the future.

Ether (ETH)<\/strong><\/a> is the native cryptocurrency coin of the Ethereum ecosystem. Ethereum is an open-source blockchain that offers its users a broad range of functionalities. The development of Ethereum has seen rise in new blockchain technologies, such as <strong>smart contracts, <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-are-decentralized-applications-dapps/">decentralized applications (dApps)<\/a>, and the Ethereum Virtual Machine (EVM)<\/strong>. Thus, all these technologies make Ethereum unique.<\/p>\n<p>Due to its functionality, Ethereum is sometimes referred to as the world computer. It&rsquo;s highly programmable and aims for complete decentralization, allowing users full control over their blockchain-based projects without the need for intermediaries. At the time of writing, Ethereum is the <a href=https://www.bitdegree.org/"//cryptocurrency-prices//ethereum-eth-price/">second-biggest cryptocurrency<\/strong><\/a> in the world based on market capitalization.<\/p>\n<h2>Who Developed Ethereum?<\/h2>\n<p>Ethereum was co-founded by a team of eight programmers and entrepreneurs. <strong>Vitalik Buterin<\/strong> is known as the author of the Ethereum whitepaper and is perhaps the most recognizable member of the founders&rsquo; team. Buterin is a programmer who has been involved with crypto since 2011. He was 19 when he penned the ETH whitepaper in 2014.<\/p>\n<p><strong>Gavin Wood<\/strong> is a computer scientist and one of the developers of <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-solidity/">Solidity, the programming language used by Ethereum. Alongside co-founding Ethereum, Wood also created <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//what-is-polkadot-in-crypto/">Polkadot, a decentralized network that enables cross-chain peer-to-peer transactions and blockchain interoperability.<\/p>\n<p>Other co-founders include Anthony Di Iorio, an entrepreneur who has invested in a number of blockchain projects, Charles Hoskinson, former CEO and the co-founder of the Ethereum Foundation, Mihai Alisie, founder of the AKASHA Foundation, Joseph Lubin, entrepreneur and founder of ConsenSys, entrepreneur Amir Chetrit, and programmer Jeffrey Wilcke.<\/p>\n<p>Of the initial co-founder team, <strong>Buterin is the only one still actively involved in the Ethereum project<\/strong>. While some members have left to work on competitive blockchains or have left the industry altogether, Alisie and Lubin have been involved in projects that provide layer 2 support for Ethereum.<\/p>\n<p>Prior to the official launch, the Ethereum team held an <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-initial-coin-offering-ico/">Initial Coin Offering (ICO)<\/strong><\/a> in 2014 to attract investors and put the asset on the blockchain map. During the period, the Ethereum price was set at roughly $0.3. After the successful ICO campaign, Ethereum officially launched on 30 July, 2015.<\/p>\n<p>According to Wood, <strong>Ethereum was set to serve as a single computer<\/strong> that can encompass the entire Earth. Throughout the years, it's introduced new technologies that had not been utilized on blockchains before.<\/p>\n<p>In recent years, the asset has become increasingly volatile, with the Ethereum price experiencing more frequent swings. It saw a steady increase in its value throughout 2021.<\/p>\n<p>October-December 2021 was one of the most significant periods for Ethereum's market performance. Similar to <a href=https://www.bitdegree.org/"//crypto//buy-bitcoin-btc/">Bitcoin, ETH recorded its highest-ever worth to date. On November 16th, the ETH price peaked at $4,891.<\/p>\n<p>As the second-biggest cryptocurrency in the world, Ethereum plays an important role in <strong>setting up market trends<\/strong>. Despite aiming for decentralization, it has been subject to financial regulations in different countries.<\/p>\n<p>U.S. tax regulations have caused some Ethereum price fluctuations. ETH was also strongly affected by the crypto market crash in June 2022.<\/p>\n<h2>What Makes Ethereum Unique?<\/h2>\n<p>Ether is the native coin of Ethereum. However, the blockchain can be used to develop other tokens as well. Ethereum-based tokens can be used by other blockchain platforms as&nbsp;<strong>means of payment, staking, or to power <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-are-decentralized-applications-dapps/">dApps and DeFi services.<\/strong><\/p>\n<p>Ethereum is one of the biggest cryptocurrencies in the world by market capitalization, coming second only to Bitcoin (BTC). The supply of ETH crypto assets is not limited by a hard cap, making it an <strong>inflationary coin.<\/strong> Take a look above to see how many Ethereum coins are in circulation.<\/p>\n<p>Do note that ETH can only be used on the Ethereum network. However, there is a designated ERC-20 token known as <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-wrapped-ether-weth/">Wrapped Ether (wETH)<\/strong><\/a>. It is pegged to the value of Ethereum and can enable cross-chain transactions.<\/p>\n<h3>What Are Smart Contracts?<\/h3>\n<p><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-smart-contract/">Smart contracts<\/strong><\/a> are self-executing programs on the blockchain. The technology was developed to enable anonymous peer-to-peer transactions and automate the process of verification. The smart contracts that contain transaction data are distributed through the network.<\/p>\n<p>Smart contracts were introduced on Ethereum. They have since revolutionized blockchain technology and become a crucial part of decentralized finance (DeFi) by enabling simpler on-chain trading, lending, and investing procedures.<\/p>\n<h3>What is the Ethereum Virtual Machine (EVM)?<\/h3>\n<p><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-ethereum-virtual-machine-evm/">The Ethereum Virtual Machine (EVM)<\/strong><\/a> is a Turing-complete blockchain-based software that functions as a decentralized computer. It&rsquo;s responsible for executing all tasks within Ethereum. Its code is entirely isolated from any external processes, and each network node runs on the EVM to ensure the consensus is maintained.<\/p>\n<h3>What are Tokens and NFTs?<\/h3>\n<p>Although blockchain-based tokens were not invented on Ethereum, this platform played a crucial role in the rising popularity of fungible and non-fungible tokens (NFTs). There are several different token standards on Ethereum, such as <strong>ERC-677, ERC-1155, and ERC-948.<\/strong> However, the two most popular Ethereum token standards are <strong>ERC-20 and ERC-721.<\/strong><\/p>\n<p><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-erc-20/">ERC-20 is the most commonly used token standard on the platform. While the Ethereum coin is native to the platform, ERC-20 tokens can be used on Ethereum-based decentralized platforms. Well-known examples of popular ERC-20 tokens include stablecoins such as DAI and USD Coin (USDC).<\/p>\n<p><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-erc-721/">ERC-721 are known as non-fungible tokens, making them one-of-a-kind assets that cannot be duplicated or replicated. They often have special features that cannot be used with other token standards and offer unique use cases. NFTs are often used as digital collectibles and decentralized gaming assets.<\/p>\n<h3>What is EIP-1559?<\/h3>\n<p>In August 2021, the Ethereum network conducted a large-scale upgrade known as the <strong>London Hard Fork.<\/strong> One of the core changes implemented during this upgrade was <strong>EIP-1559.<\/strong><\/p>\n<p>EIP-1559 was developed to deal with the <strong>issues related to gas fees<\/strong> on the platform. The way gas, or transaction fees, are calculated on Ethereum has been an issue for most of the network&rsquo;s run. Prior to the upgrade, all transactions would be manually chosen by the miners to validate, often leading to the higher transactions receiving priority.<\/p>\n<p>The manual selection of transactions would often lead to network congestions, delaying the transaction validation time. The EIP-1559 upgrade was developed to reduce network bottlenecks and automatize the transaction processing.<\/p>\n<p>The upgrade introduced <strong>automatic base fees. <\/strong>It&rsquo;s a set amount of <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-gwei/">Gwei that the users pay for their transactions to be processed. The base fee depends on traffic congestion. Users that require faster transaction processing are able to pay a priority fee to move up in the queue.<\/p>\n<p>In addition to the automatization of the fees distribution, EIP-1559 also added an <strong>inflation-management mechanism.<\/strong> With each transaction, the base fee is burned to reduce the amount of Ethereum in circulation. The long-term aim of this mechanism is to ensure that the ETH price stabilizes over time and the value increases.<\/p>\n<p>Furthermore, the <strong>fee burning mechanism<\/strong> exists to regulate the price of the gas fees themselves to ensure that the users are paying a fair amount for their transactions. It&rsquo;s possible that the issues related to Ethereum price including gas fees will be further mitigated with the launch of Ethereum 2.0.<\/p>\n<h3>What is Ethereum 2.0?<\/h3>\n<p>Ethereum uses the <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-proof-of-work-pow/">Proof-of-Work (PoW)<\/strong><\/a> consensus mechanism, which is also employed by many other blockchains, including Bitcoin. This means that in order to increase the asset&rsquo;s supply, new Ethereum coins must be mined using special hardware.<\/p>\n<p>This method of creating cryptocurrency requires high energy resources and can be expensive and inefficient. Furthermore, it can have a significant ecological impact due to the amount of heat generated by the hardware and the difficulty of acquiring materials required to produce the devices, like lithium and cobalt.<\/p>\n<p>Since the launch of Ethereum, the <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-proof-of-stake-pos/">Proof-of-Stake (PoS)<\/strong><\/a> method of creating cryptocurrency has become more prominent. For this reason, the Ethereum network underwent the Merge in summer of 2022.<\/p>\n<p><strong>The Merge<\/strong> is the name of the project that switches Ethereum from the PoW to the PoS consensus algorithm. It is expected that the Merge will help solve some of Ethereum&rsquo;s biggest problems related to scalability and transaction speed. It&rsquo;ll make the network more sustainable overall and will significantly reduce Ethereum&rsquo;s energy consumption.<\/p>\n<p><strong>Ethereum 2.0<\/strong> will be a merger of the current Ethereum Mainnet and <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-beacon-chain/">the <strong>Beacon Chain system<\/strong><\/a> which uses the PoS consensus algorithm. The total supply of Ethereum will be adjusted to account for the burned fees and the new ETH coin issuance system.<\/p>\n<p>Under the PoS system, users must stake a minimum of 32 ETH to start acting as network validators. For participating in this role, users are eligible to earn 6% APR as an incentive to continue their contributions to the network. The amount of rewards is expected to be adjusted as the size of the network increases.<\/p>\n<h3>What is the Ethereum Name Service (ENS)?<\/h3>\n<p>The Ethereum Name Service (ENS) is a distributed, open-source <strong>Ethereum-based naming service<\/strong>. It works similarly to the <strong>Domain Name Service (DNS)<\/strong>. However, it has a significantly different architecture allowed by blockchain technology. In essence, ENS is used to convert machine-readable Ethereum addresses into human-readable ones.<\/p>\n<p>So, instead of a long string of random letters and numbers (<em>which is how crypto addresses usually look<\/em>), you can name your address \"<em>cryptoenthusiast.eth<\/em>.\" Then, when someone wants to send you crypto, they don't need to type in your actual alphanumeric address, they can simply use the name you linked to it through ENS.<\/p>\n<h3>What is an Ethereum Killer?<\/h3>\n<p>Ethereum killers are usually those <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-layer-1-blockchain/">Layer-1 blockchains<\/strong><\/a> that are created with features similar to the ones Ethereum has, plus some improvements that solve the problems faced by the blockchain. As the name suggests, such networks seek to replace Ethereum. The two main areas that most Ethereum killers seek to improve are&nbsp;<strong>fees and transaction processing time<\/strong>.<\/p>\n<p>Some of the most popular networks that are dubbed Ethereum killers include <a href=https://www.bitdegree.org/"//cryptocurrency-prices//solana-sol-price/">Solana (SOL)<\/strong><\/a>, <a href=https://www.bitdegree.org/"//cryptocurrency-prices//polkadot-new-dot-price/">Polkadot (DOT)<\/strong><\/a>, <a href=https://www.bitdegree.org/"//cryptocurrency-prices//polygon-matic-price/">Polygon (MATIC)<\/strong><\/a>, and others. However, while these networks really are popular, as of writing, none of them managed to actually surpass Ethereum.<\/p>","url":"https:\/\/www.bitdegree.org\/cryptocurrency-prices\/ethereum-eth-price","crypto_currency_info":{"id":18,"crypto_currency_id":17,"description":"Ethereum (ETH) is a cryptocurrency . Users are able to generate ETH through the process of mining. Ethereum has a current supply of 120,104,906.3115. 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Users are able to generate ETH through the process of mining. Ethereum has a current supply of 120,104,906.3115. The last known price of Ethereum is 3,164.12133738 USD and is up 3.70 over the last 24 hours. It is currently trading on 5584 active market(s) with $18,095,581,919.49 traded over the last 24 hours. More information can be found at https:\\\/\\\/www.ethereum.org\\\/.\",\"slug\":\"ethereum\",\"logo\":\"https:\\\/\\\/s2.coinmarketcap.com\\\/static\\\/img\\\/coins\\\/64x64\\\/1027.png\",\"subreddit\":\"ethereum\",\"notice\":\"\",\"tags\":[\"mineable\",\"pow\",\"smart-contracts\",\"ethereum-ecosystem\",\"coinbase-ventures-portfolio\",\"three-arrows-capital-portfolio\",\"polychain-capital-portfolio\",\"binance-labs-portfolio\",\"blockchain-capital-portfolio\",\"boostvc-portfolio\",\"cms-holdings-portfolio\",\"dcg-portfolio\",\"dragonfly-capital-portfolio\",\"electric-capital-portfolio\",\"fabric-ventures-portfolio\",\"framework-ventures-portfolio\",\"hashkey-capital-portfolio\",\"kenetic-capital-portfolio\",\"huobi-capital-portfolio\",\"alameda-research-portfolio\",\"a16z-portfolio\",\"1confirmation-portfolio\",\"winklevoss-capital-portfolio\",\"usv-portfolio\",\"placeholder-ventures-portfolio\",\"pantera-capital-portfolio\",\"multicoin-capital-portfolio\",\"paradigm-portfolio\",\"injective-ecosystem\",\"bnb-chain\"],\"tag-names\":[\"Mineable\",\"PoW\",\"Smart 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Chain\"],\"tag-groups\":[\"OTHERS\",\"ALGORITHM\",\"CATEGORY\",\"PLATFORM\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"PLATFORM\",\"PLATFORM\"],\"urls\":{\"website\":[\"https:\\\/\\\/www.ethereum.org\\\/\",\"https:\\\/\\\/en.wikipedia.org\\\/wiki\\\/Ethereum\"],\"twitter\":[\"https:\\\/\\\/twitter.com\\\/ethereum\"],\"message_board\":[\"https:\\\/\\\/forum.ethereum.org\\\/\",\"https:\\\/\\\/ethresear.ch\\\/\"],\"chat\":[\"https:\\\/\\\/gitter.im\\\/orgs\\\/ethereum\\\/rooms\"],\"facebook\":[],\"explorer\":[\"https:\\\/\\\/etherscan.io\\\/\",\"https:\\\/\\\/ethplorer.io\\\/\",\"https:\\\/\\\/blockchair.com\\\/ethereum\",\"https:\\\/\\\/bscscan.com\\\/token\\\/0x2170ed0880ac9a755fd29b2688956bd959f933f8\",\"https:\\\/\\\/eth.tokenview.com\\\/en\\\/blocklist\"],\"reddit\":[\"https:\\\/\\\/reddit.com\\\/r\\\/ethereum\"],\"technical_doc\":[\"https:\\\/\\\/github.com\\\/ethereum\\\/wiki\\\/wiki\\\/White-Paper\"],\"source_code\":[\"https:\\\/\\\/github.com\\\/ethereum\\\/go-ethereum\"],\"announcement\":[\"https:\\\/\\\/bitcointalk.org\\\/index.php?topic=428589.0\"]},\"platform\":null,\"date_added\":\"2015-08-07T00:00:00.000Z\",\"twitter_username\":\"ethereum\",\"is_hidden\":0,\"date_launched\":null,\"contract_address\":[{\"contract_address\":\"0x64ff637fb478863b7468bc97d30a5bf3a428a1fd\",\"platform\":{\"name\":\"HECO\",\"coin\":{\"id\":\"2502\",\"name\":\"Huobi Token\",\"symbol\":\"HT\",\"slug\":\"huobi-token\"}}},{\"contract_address\":\"0x2170ed0880ac9a755fd29b2688956bd959f933f8\",\"platform\":{\"name\":\"BNB Smart Chain (BEP20)\",\"coin\":{\"id\":\"1839\",\"name\":\"BNB\",\"symbol\":\"BNB\",\"slug\":\"bnb\"}}},{\"contract_address\":\"0xf20d962a6c8f70c731bd838a3a388d7d48fa6e15\",\"platform\":{\"name\":\"Avalanche C-Chain\",\"coin\":{\"id\":\"5805\",\"name\":\"Avalanche\",\"symbol\":\"AVAX\",\"slug\":\"avalanche\"}}},{\"contract_address\":\"0x2eaa73bd0db20c64f53febea7b5f5e5bccc7fb8b\",\"platform\":{\"name\":\"TomoChain\",\"coin\":{\"id\":\"2570\",\"name\":\"TomoChain\",\"symbol\":\"TOMO\",\"slug\":\"tomochain\"}}},{\"contract_address\":\"0x0200070000000000000000000000000000000000000000000000000000000000\",\"platform\":{\"name\":\"Sora\",\"coin\":{\"id\":\"5802\",\"name\":\"SORA\",\"symbol\":\"XOR\",\"slug\":\"sora\"}}},{\"contract_address\":\"0x1D931Bf8656d795E50eF6D639562C5bD8Ac2B78f\",\"platform\":{\"name\":\"RSK RBTC\",\"coin\":{\"id\":\"3626\",\"name\":\"RSK Smart Bitcoin\",\"symbol\":\"RBTC\",\"slug\":\"rsk-smart-bitcoin\"}}},{\"contract_address\":\"0x85219708c49aa701871ad330a94ea0f41dff24ca\",\"platform\":{\"name\":\"Velas\",\"coin\":{\"id\":\"4747\",\"name\":\"Velas\",\"symbol\":\"VLX\",\"slug\":\"velas\"}}},{\"contract_address\":\"2FPyTwcZLUg1MDrwsyoP4D6s1tM7hAkHYRjkNb5w6Pxk\",\"platform\":{\"name\":\"Solana\",\"coin\":{\"id\":\"5426\",\"name\":\"Solana\",\"symbol\":\"SOL\",\"slug\":\"solana\"}}},{\"contract_address\":\"0x34d21b1e550d73cee41151c77f3c73359527a396\",\"platform\":{\"name\":\"Klaytn\",\"coin\":{\"id\":\"4256\",\"name\":\"Klaytn\",\"symbol\":\"KLAY\",\"slug\":\"klaytn\"}}}],\"self_reported_circulating_supply\":null,\"self_reported_tags\":null,\"self_reported_market_cap\":null}","launched_at":null,"created_at":"2022-03-25T14:20:16.000000Z","updated_at":"2023-05-18T14:34:11.000000Z"}}" :fiat-currency=""USD"">

Smart Contract Technology

Ethereum is probably most well-known for its smart contract technology. With the help of smart contracts, developers and firms all around the world are able to create new methods of economic and technological interactions, and advance the technology behind crypto even further.

An Alternative Investment Option

Advanced technology aside, one of the main reasons why people buy Ethereum with a credit card (or any other method out there) is because they believe the cryptocurrency to be a great investment opportunity. Etheruem is the second-most-popular crypto coin on the market, after all!

What Can Ethereum & Similar Altcoins Be Used For?

If you’re planning to buy Ethereum with debit card, you likely have an idea what you want to use the cryptocurrency for. However, Ethereum (and similar altcoins) has quite a few different use cases - not only as a tool for investing or day trading!

Ethereum

ETH
$2,416.87
4.94%
Ranking
#2
Market Cap
$290.46B
Volume
$18.01B
See all ETH stats

Official Website ETH Twitter ETH Reddit

Promote Decentralization by Creating dApps

At the core of the world of cryptocurrencies, there’s the aspect of decentralization. Ethereum plays a key role when it comes to this, especially as far as smart contracts and decentralized applications (dApps) are concerned! If you’re a developer, with the help of the technology behind Ethereum, you can help promote this feature, and also help build a world with a decentralized economy!

Your Coins Belong to You, and You Alone

If you do decide to buy ETH with debit card or credit card, one of the key things you should know is that the coins are going to belong to you, and you alone. Since there are no banks or other central authorities involved, you’ll need to protect your assets, too - this can be done with the help of a secure cryptocurrency wallet. Take your financial freedom into your own hands!

BUY ETHEREUM NOW


Hardware Wallets - The Safest Place to Keep Your Ethereum?

Buying ETH with a credit card, debit card or VISA is not enough - you have to find a secure place to store it & protect your Ethereum from hackers. That’s where the most secure hardware crypto wallets come into play.

271%

That’s how much the hardware wallet market value is expected to grow comparing the years of 2019 and 2025. This increasing interest is due to the safety of hardware wallets - since the hardware wallet is a tangible, physical product, the only one who will have access to your private keys is you, meaning there is little to no chance of being hacked. So after you Buy Ethereum (ETH) with a card, be sure to choose the most secure hardware wallet for it.

$661M

That’s the expected hardware wallet market value by the year 2025. One of the reasons why hardware wallets are popular among crypto enthusiasts is the Pin encryption, meaning that only you know your private keys. If there are multiple forced attempts to enter the Pin code incorrectly, usually the hardware wallet self-destructs. By doing so, all the private & public keys on your device are erased to protect your funds.

47%

Of the surveyed crypto holders store their cryptocurrency in hardware wallets. No matter if you choose to purchase Ethereum (ETH) or any other cryptocurrency, the good news about hardware wallets is that you can securely store multiple cryptos at once. It’s only logical, since cryptocurrencies are completely digital, it does not take up any space in your offline wallet. Before choosing the best, take a look at the top-rated hardware wallets of 2024.

Perks of Buying Ethereum With Fiat

Admittedly, there are various different methods of buying Ethereum. However, anyone wondering about the best method should probably buy ETH with credit card instantly. The “instantly” part is key here - credit and debit card transactions are super-quick, and most of the time, you’ll receive your funds in but a few minutes. Fiat-ETH transactions, in general, are very simple, too - they don’t require any extensive knowledge in the realm of crypto trading!

BUY Ethereum (ETH)

What to Do After You Buy ETH?

The greatest thing about buying Ethereum is that you can do all sorts of different things with it, all depending on the goals you want to achieve.

Trade it

Trade it

If you decide to buy Ethereum with credit card, you can then visit any top-rated cryptocurrency exchange and trade your Ether for some other cryptocurrency. Some cryptos can only be bought with the help of other cryptos (due to trading pair limits), so if you’ve got your eyes set on a specific, niche coin, buying it with the help of Ethereum might just be the way to go! You are still going to need to purchase ETH first, though.

Store it

Store it

Once you’ve decided to buy ETH with debit card, you are also going to need to decide on a place to store your freshly-acquired coins. While you have a few different options, one of the best ways to go about it is to invest in a hardware cryptocurrency wallet. Most wallets are going to support Ethereum, so you should strive for the highest level of security! In such cases, hardware wallets exceed the competition significantly.

Spend it

Spend it

So - you’ve thought about it, go out and buy Ethereum with debit card instantly. What now? Well, why not spend it? With time, more and more merchants and online vendors accept cryptocurrencies as valid payment options - since Ethereum is at the top of the popularity charts, you should have no problems in finding services that would accept it, too! You might even be able to score some great, crypto-exclusive deals while you’re at it.

Send it

Send it

Opting to buy Ethereum with a credit/debit card (or any other method, for that matter) also means that you’ll be able to send the crypto freely, too. Ethereum offers some very fast transaction speeds - once you’ve made a payment, it will be received in a matter of minutes, if not seconds! Ether is also quite cheap to send, too - even if you’re sending some ETH to the other side of the world, the fees are bound to be very reasonable!

Sell it

Sell it

Once you’ve bought yourself some Ethereum, you can then store it away and hold it for the long term, or you can participate in day trading, and sell it at the first signs of potential profits. While both methods have their own pros and cons, it’s no secret that purchasing Ethereum as a means of investment is one of the more popular reasons why people get into the world of cryptocurrencies, in general. Choose your investment strategy wisely!

Learn it

Learn it

If you’ve decided to buy Ethereum with a debit card, you probably already know some things ETH, or the world of crypto, in general. However, when you’re a proud holder of crypto, you should then also try to improve your knowledge even further! There are a lot of different resources online that can help you out with this endeavor - visit our cryptocurrency guides in order to find out more about Ethereum, and other cryptos, too!

Buy Ethereum With a Credit Card, Debit Card or VISA Instantly

Skip complicated payment processes and become a part of cutting-edge technology!

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FAQ

What is Ethereum?

Ethereum is one of the most popular cryptocurrencies on the market. In fact, it’s the second-most-popular crypto, right after Bitcoin. Anyone who’s looking to buy ETH with credit card should keep in mind that Ethereum allows users to create smart contracts and dApps, and promotes the concept of decentralization very adamantly! On top of that, Ethereum 2.0 - the major ETH update - is taking place at this time too.

How does Ethereum differ from other cryptocurrencies?

Ethereum is a very scalable cryptocurrency that has some revolutionary technology behind it. While it was, for the longest time, a PoW (Proof-of-Work) crypto asset, with Ethereum 2.0, it is taking a turn towards PoS (Proof-of-Stake), which will increase its scalability and use cases exponentially.

What are the main features of Ethereum?

For starters, Ethereum allows users to build dApps and issue smart contracts on its blockchain. This means that the majority of the DeFi companies and economic platforms that are currently taking the FinTech industry by storm are, in one way or another, based on the Etheruem blockchain. The crypto is also scalable, and promotes fast transaction speeds.

What can Ethereum be used for?

Ethereum has a pretty wide assortment of use cases. For starters, naturally, most people are going to view Ether as an object of investment - a digital asset, if you will. On top of that, however, the technology behind Ethereum can be used to create blockchains of your own, or build things such as decentralized applications or smart contracts.

Is Ethereum worth buying?

If you’re wondering is Ethereum worth buying, the market will tell you - it surely is! Now, naturally, this depends on many different factors, such as your reasons for buying ETH, its current price, various crypto news & regulations, and so on. However, if you want to buy ETH with debit card instantly, keep in mind that this is definitely still an option!

What is the best way to buy Ethereum?

As you probably know, you can buy ETH in many different ways, and on many different platforms. However, if you want the best security and privacy options, your best bet is to utilize a well-known and trusted cryptocurrency exchange. This way, you will be able to buy Ethereum with credit card, debit card, bank transfer, and many other methods - all from the comfort of your computer or mobile phone!

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