Buy Ethereum in Australia easily using a peer-to-peer (wallet-to-wallet) trading platform like Elbaite cryptocurrency exchange.
To buy Ethereum (ETH) in Australia, simply:
1 - Get an Ethereum wallet
This is where you will store your purchased Ethereum. You can get a free online wallet or purchase a hardware wallet. Elbaite is a non-custodial exchange. We do not hold your Ethereum in a centralised wallet, meaning you are free to use any crypto wallet of your choosing.
2 - Find an offer from a trusted seller on Elbaite cryptocurrency exchange:
Elbaite connects trusted sellers to trusted buyers. Find an offer on Elbaite at a price and amount you would like to buy.
3 - Pay for your Ethereum purchase
Pay the agreed amount using your bank account. On Elbaite you can pay using OSKO/PayID or mobile banking to the Elbaite escrow bank account where it is kept safe until you receive your ETH in your wallet. The seller will never know your banking details, keeping your data private.
Ethereum is famously known as the second largest cryptocurrency after Bitcoin by market capitalisation. The Ethereum white paper was released in 2013 by Vitalik Buterin and is now developed by the Ethereum Foundation, with developers and contributors based all over the world. Ethereum is a decentralised open source blockchain providing revolutionary smart contract functionality. Smart Contracts are a powerful functionality of the Ethereum blockchain. It is code that automatically executes once agreed upon conditions have been met without the need of a third party. Which has huge compliance opportunities. Ether is the native cryptocurrency of the Ethereum blockchain. Ether is used to compensate nodes for performing computations on the Ethereum Virtual Machine (EVM). When you trade Ethereum, you are actually trading the Ether token.
Why buy Ethereum (ETH) with Elbaite cryptocurrency exchange? Elbaite is the first non-custodial wallet-to-wallet Australian cryptocurrency exchange.
Unlike other Australian crypto exchanges that hold your cryptocurrency in their own centralised wallets, Elbaite's wallet-to-wallet trading means that your Ethereum is not held by us at any point. This is a safer and more simple trading process, giving you greater control and freedom over your cryptocurrency!
What is Ethereum 2.0 and The Merge?
Ethereum 2.0, also referred to as 'the merge', was designed to increase scalability, reduce transaction costs, and to increase the speed of the Ethereum network. It changed the Ethereum network from a proof-of-work (PoW) to a proof-of-stake (PoS) model for verifying transactions.
The merge is designed to reduce Ethereum's energy consumption to become more energy efficient, and thus lower gas fees.
Learn more about Ethereum 2.0.
How do I store my Ethereum (ETH)?
There are many Ethereum-based wallet options you can explore when it comes to safely storing your Ethereum, including using hot and cold crypto wallets. Conducting your own research is crucial to keeping your Ethereum safe.
What are Hot Wallets?
Hot wallets are crypto wallets that are connected to the internet. They offer better accessibility which simplifies more frequent trading. However, they offer less security against hacks and fraud incidents.
What are Cold Wallets?
Cold wallets are crypto wallets that are not connected to the internet. The two main types of cold wallets are paper wallets and hardware wallets such as Trezor and Ledger wallets. Cold wallets are a popular option for those who value security, or for traders holding Ethereum as a long term investment.
More Ethereum information