Ethereum, also known as by its native coin, Ether (ETH), is one of the most popular blockchain networks after Bitcoin due to its strong fundamentals and a variety of use cases in various niches. In just a few clicks, you can buy Ethereum’s ETH on OKX with a range of different payment options. In order to get started, simply create an account on OKX, complete your verification and buy ETH with a credit card, debit card or other supported payment methods.
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What is Ethereum
Why buy Ethereum with OKX?
How to buy Ethereum and store it safely?
What is the price of Ethereum?
Like most popular assets, the price of Ethereum's ETH is always changing, as it is traded 24/7, 365 days a year on exchanges like OKX. Due to changes in supply and demand — among other factors — the price of Ether can fluctuate significantly over time. For example, ETH was worth $7.98 on Jan. 1, 2016, $133 on Jan. 1, 2018, and then over $400 in August 2020.
You can view the ETH chart on OKX for the latest Ethereum coin price.
What is Ethereum used for?
Ethereum is an advanced blockchain platform that is primarily used for launching censorship-resistant, fraud-proof smart contracts and decentralized applications. These smart contracts and DApps can be used for a variety of purposes, such as games, digital identity management, decentralized finance applications, financial services contracts, escrow services and more.
Since Ethereum is still relatively new, its potential is still unfolding, especially as the ecosystems around it continue to expand.
How is Ethereum different from Bitcoin?
While both Bitcoin and Ethereum are blockchains that underpin cryptocurrencies, they are different in their functions and abilities. Bitcoin, being the first blockchain to facilitate a cryptocurrency, was designed to create a coin to be a store of value and medium of exchange, whereas Ethereum was built to provide computing power and allow decentralized applications to run on its blockchain.
There is also a big difference in the prices of both digital currencies and their respective market capitalizations.
However, Ethereum and Bitcoin cannot be fairly compared to each other, as they both hold unique places in the crypto space.
Is Ethereum safe?
As a cryptographically secure blockchain-based operating system, Ethereum is widely considered to be very safe. The underlying architecture of Ethereum has been thoroughly tested, and many developers are dedicated to its optimization and maintenance.
However, the security of your ETH holdings depends on the wallet you use and the measures you follow to ensure the safety of your account. OKX offers its users a variety of industry-leading security measures, such as the use of 2FA and Google Authenticator.
Can I buy Ethereum with a credit card?Yes! You can buy ETH with a credit card using OKX. You can also use other payment methods supported by our partners, including debit cards, PayPal, bank transfers and more. When you buy Ethereum with credit card, your ETH is automatically transferred to your OKX account wallet and is ready to be traded on other markets.