WHAT IS ETHER (ETH)?
Currency for our digital future
ETH is digital, global money.
It's the currency of Ethereum apps.
CURRENT ETH PRICE (USD)
$1307.65
-0.38% ↘
(LAST 24 HOURS)
Get ETH
Illustration of a group of people marvelling at an ether (ETH) glyph in awe
ETH is a cryptocurrency. It is scarce digital money that you can use on the internet – similar to Bitcoin. If you’re new to crypto, here's how ETH is different from traditional money.
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It's really yours
ETH lets you be your own bank. You can control your own funds with your wallet as proof of ownership – no third parties necessary.
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Secured by cryptography
Internet money may be new but it's secured by proven cryptography. This protects your wallet, your ETH, and your transactions.
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Peer-to-peer payments
You can send your ETH without any intermediary service like a bank. It's like handing cash over in-person, but you can do it securely with anyone, anywhere, anytime.
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No centralized control
ETH is decentralized and global. There's no company or bank that can decide to print more ETH, or change the terms of use.
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Open to anyone
You only need an internet connection and a wallet to accept ETH. You don't need access to a bank account to accept payments.
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Available in flexible amounts
ETH is divisible up to 18 decimal places so you don't have to buy 1 whole ETH. You can buy fractions at a time – as little as 0.000000000000000001 ETH if you want.
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Want to buy some Ethereum? It's common to mix up Ethereum and ETH. Ethereum is the blockchain and ETH is the primary asset of Ethereum. ETH is what you're probably looking to buy. More on Ethereum.
What's unique about ETH?
There are many cryptocurrencies and lots of other tokens on Ethereum, but there are some things that only ETH can do.
ETH fuels and secures Ethereum
ETH is the lifeblood of Ethereum. When you send ETH or use an Ethereum application, you'll pay a small fee in ETH to use the Ethereum network. This fee is an incentive for a miner to process and verify what you're trying to do.
Miners are like the record-keepers of Ethereum – they check and prove that no one is cheating. Miners who do this work are also rewarded with small amounts of newly-issued ETH.
The work miners do keeps Ethereum secure and free of centralized control. In other words, ETH powers Ethereum. More on Mining
ETH will become even more important with staking. When you stake your ETH you'll be able to help secure Ethereum and earn rewards. In this system, the threat of losing your ETH disincentivises attacks. More on staking
What is Ethereum?
If you'd like to learn more about Ethereum, the technology behind ETH, check out our introduction.
ETH underpins the Ethereum financial system
Not satisfied with payments, the Ethereum community is building a whole financial system that's peer-to-peer and accessible to everyone.
You can use ETH as collateral to generate entirely different cryptocurrency tokens on Ethereum. Plus you can borrow, lend and earn interest on ETH and other ETH-backed tokens.
Uses for ETH grow every day
Because Ethereum is programmable, developers can shape ETH in countless ways.
Back in 2015, all you could do was send ETH from one Ethereum account to another. Here are just some of things you can do today.
Stream ETH – pay someone or receive funds in real time.
Swap tokens – you can trade ETH with other tokens including Bitcoin.
Earn interest – on ETH and other Ethereum-based tokens.
Get stablecoins – access the world of cryptocurrencies with a steady, less-volatile value.
Graphic of ETH glyph with a kaleidoscope of catsGraphic of ETH glyph with a kaleidoscope of cats
Where to get ETH
You can get ETH from an exchange or a wallet but different countries have different policies. Check to see the services that will let you buy ETH.
Get ETH
Why does ETH have value?
ETH's valuable in different ways to different people.
For users of Ethereum, ETH is valuable because it lets you pay transaction fees.
Others see it as a digital store of value because the creation of new ETH slows down over time.
More recently, ETH has become valuable to users of financial apps on Ethereum. That's because you can use ETH as collateral for crypto loans, or as a payment system.
Of course many also see it as an investment, similar to Bitcoin or other cryptocurrencies.
Ethereum's monetary policy
EthHub
Updated often
Why ether is valuable
Anthony Sassano
January 2019
How to buy Ether
MyCrypto
Updated often
ETH isn't the only crypto on Ethereum
Anyone can create new kinds of assets and trade them on Ethereum. These are known as 'tokens'. People have tokenised traditional currencies, their real estate, their art, and even themselves!
Ethereum is home to thousands of tokens – some more useful and valuable than others. Developers are constantly building new tokens that unlock new possibilities and open new markets.
If you'd like to learn more about tokens, our friends at EthHub have written a couple of great overviews:
Ethereum tokens
Non-fungible tokens
Popular types of token
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Stablecoins
Tokens that mirror the value of traditional currency like dollars. This solves the volatility problem with many cryptocurrencies.
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Governance tokens
Tokens that represent voting power in decentralized organisations.
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Sh*t coins
Because making new tokens is easy, anyone can do it - even people with bad or misguided intentions. Always do your research before using them!
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Collectible tokens
Tokens that represent a collectible game item, piece of digital art, or other unique assets. Commonly known as non-fungible tokens (NFTs).
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Blocks create 12.5 new bitcoins at present . This amount, known as the block reward, is an incentive for people to perform the computation work required for generating blocks. Roughly every 4 years, the number of bitcoins that can be 'mined' in a block reduces by 50%. Originally the block reward was 50 bitcoins; it halved in November 2012; it then halved again in July 2016. Any block that is created by a malicious user that does not follow this rule (or any other rules) will be rejected by everyone else. In the end, no more than 21 million bitcoins will ever exist.
