What are Ethereum and ETH?
Ethereum is a decentralised blockchain network and software development platform, and ether (ETH) is its native cryptocurrency.
ETH is used to pay transaction fees, often called gas fees, whenever people use the network or the applications built on it. Ethereum also supports open-source programs known as smart contracts. These smart contracts can create digital assets and decentralised applications, often shortened to dapps.
How to trade Ethereum in the Crypto.com App
Trading is subject to account verification and eligibility. Here is the basic flow in the App:
- Download the Crypto.com App and complete identity verification.
- Fund your account with Australian dollars (AUD) or transfer across your existing crypto.
- Head to the trading interface, select Ethereum and choose a trading pair.
- Confirm the transaction.
You can deposit AUD for free via PayID, and debit or credit card (Visa or Mastercard), Apple Pay and Google Pay are also available.
What should you check before confirming an ETH trade?
Other transaction fees and spread may apply, so check the App for the current fee schedule and spread before you confirm a trade.
With Level Up, you get zero trading fees up to the transaction limit specified per Level Up tier. Other transaction fees and spread may apply.
Crypto assets are inherently risky, and high volatility can significantly affect the value of your holdings. Weigh up your risk appetite before deciding to trade.
Can you trade Ethereum around the clock?
Once you are eligible to trade, crypto markets run 24 hours a day, seven days a week. In the App, you can track real-time price movements and place orders whenever you choose to trade Ethereum.
