What is Ethereum (ETH)?
Ethereum is a decentralized, open-source blockchain platform that enables developers to create and deploy smart contracts and decentralized applications (DApps). Introduced in 2015 by Vitalik Buterin, Ethereum is currently the second-largest cryptocurrency by market capitalization.
How does Ethereum function?
Ethereum operates on its own blockchain, allowing developers to build smart contracts. Unlike Bitcoin, which functions primarily as a digital currency, Ethereum supports a wide range of decentralized applications.
How much Ethereum (ETH) is currently in circulation?
Unlike Bitcoin, Ethereum does not have a fixed supply cap. As of 2024, over 120 million ETH are in circulation, generated via the proof-of-stake consensus mechanism.
What determines the value of Ethereum?
The value of Ethereum is influenced by its utility, network activity, and market demand. Prices have fluctuated over time, peaking at over $4878 in 2021.
How to buy Ethereum (ETH) on Bitget?
To buy Ethereum (ETH) on Bitget, follow these three steps: First,
create a Bitget account and complete identity verification. Next, fund your account using one of the available payment methods. Finally, go to the
Buy Crypto section, select
Ethereum (ETH), enter the amount you wish to purchase, and complete your transaction.
Can I buy Ethereum for $10?
Yes, you can start investing in Ethereum with as little as $10 on Bitget. The minimum investment amount on Bitget is 0.0003 ETH.
What should I do if I encounter issues while buying Ethereum?
If you experience any issues during your purchase, contact Bitget's Customer Support via live chat or
email for prompt assistance.
How secure is Ethereum?
Ethereum is generally secure, leveraging a proof-of-stake consensus mechanism and robust cryptographic protections. For added safety, it's recommended to store your ETH in trusted wallets.
What distinguishes Ethereum from Bitcoin?
Both Ethereum and Bitcoin are digital currencies traded online and stored in cryptocurrency wallets, but they serve distinct purposes. Bitcoin aims to be an alternative to fiat currency, while Ethereum is built to enable complex smart contracts and decentralized applications, playing a key role in the emerging Web3 infrastructure.
Where can I safely store my Ethereum?
Bitget is a leading cryptocurrency exchange for buying and storing Ethereum, offering top-tier security with features like two-factor authentication and cold storage. It provides low trading fees and a user-friendly interface, making it ideal for users of all experience levels. With multiple payment options, Bitget is accessible to users worldwide. Trusted for its excellent customer service and active community engagement, the platform also conducts regular audits of its reserves to ensure transparency.