What are Ethereum and ETH?
Ethereum is a decentralised blockchain network and software development platform. Ether (ETH) is Ethereum's native cryptocurrency.
ETH is used to pay transaction fees, also known as gas fees, whenever people use the Ethereum network or the apps built on it. Validators also put up ETH as collateral when they help process transactions. Put simply, ETH is more than a payment asset: it helps run a programmable network for smart contracts, which are programs that run on a blockchain, and for decentralised apps.
How to invest in Ethereum in the UK
In the Crypto.com App, the basic steps are:
- Sign up and complete identity verification.
- Add funds to your account.
- Go to the trading screen, select Ethereum and complete your purchase.
Trading is subject to account verification and eligibility. Before you confirm, check the amount and payment method.
Which payment methods can you use for Ethereum?
You can fund your account and buy Ethereum in the Crypto.com App using bank transfer, debit or credit card (Visa or Mastercard), Apple Pay, Google Pay or crypto deposited from another wallet.
If you deposit crypto from another wallet, use the deposit details shown in the App and make sure the asset is supported. Trying to deposit an unsupported token may result in loss. Crypto transactions are irreversible.
What is the minimum needed to invest in Ethereum?
The minimum amount required to invest in Ethereum on Crypto.com is £1. This lets you buy a fraction of an ETH rather than a whole one.
A smaller starting amount does not remove market risk. Crypto prices can be volatile, so think about your risk appetite before deciding whether to trade.