Ether is the most used cryptocurrency for deposits into crypto exchanges, platforms and DEX. However, when using the ERC-20 network, you can pay very high gas and transfer fees (often up 30 USD). Crypto Lists always suggest using the TRX (TRON) blockchain with Ether instead, saving you up to 19 USD.
The coin was developed by Vitalik Buterin, and it was meant to explore the true potential of blockchain technology. Today, it is ranked among the top five cryptocurrencies by market cap.
You can get started with this funding method by setting up your crypto wallet. You can then purchase the cryptocurrency from an online exchange.
Top 16 sites for buying, selling and trading crypto with ETH
This is the toplist with the best sites to buy, sell or trade cryptocurrencies with Ether (ETH). To learn more why a certain site is ranked the way it is, you can read our review by clicking the review button. We generally recommend using an exchange or platform with good track record, great reputation and positive feedback from its customers. The better option for you as customer, the better ranking we give them.
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- 1 Top 16 sites for buying, selling and trading crypto with ETH
Here are the best crypto exchanges, platforms and brokers offering funding with Ether.
ETH is among the most important cryptocurrencies, especially because it is used to pay transaction fees on the Ethereum blockchain. This blockchain is used by lots of tokens and other digital assets, and this naturally makes its native cryptocurrency essential. Given the popularity of the altcoin, it is accepted on almost all crypto exchanges. The main issues with the altcoin are its low levels of scalability and its high transfer fees.
+Ether has a large network that’s been tested for many years.
+The Ethereum blockchain is constantly being improved by a dedicated Ethereum team.
+Ether is soon moving to PoS instead of PoW.
+Ether is the most used cryptocurrency for NFTs.
+It is highly decentralized.
-Ether’s transfer fees have been rising over the past few years.
-ETH transactions can take very long to complete.
-The network processes rather few transactions in a second.
-Transactions are not private on this network.
-Using ETH in its current state contributes to environmental damage.
What is Ether?
This cryptocurrency works on the Ethereum blockchain and is great for private or anonymous transactions. However, you should remember that the payments are recorded on a public blockchain and can be viewed by everyone. As noted earlier, the altcoin has a number of serious issues, and the developers are planning to solve them with the release of ETH 2.0. It is important to remember that this altcoin still ranks among the top five cryptocurrencies by market cap.
Ether Transfer Costs
In August 2021, the London Upgrade was implemented by the Ethereum network, and this made transaction fees easier to calculate. With this upgrade, each block has a base fee and a minimum price per unit of gas. These will be calculated by the network based on the demand for the block space.
To estimate the ETH transfer costs, you should multiply the gas units by the base fee. You can also set a priority fee or tip in the transfer, and this is meant to incentivize miners to include the transaction in the block.
On average, the Ether transfer cost is about $15-20. You should note that the network now allows users to set a maximum transaction cost when making payments. However, when the network is busy (between 7 AM GMT+5 to 23.00 GMT +5), the transfer time can be very long and the fees can be even higher. Our suggestion is therefore to do Ether transfers on the Tron network between
Transaction speed for Ether
While this network offers lots of benefits, people mostly use Ethereum because of its first-mover advantage. At the moment, this deposit method is extremely slow. The network is only able to process 15 to 30 transactions a second, but this is expected to increase to about 100,000 with the implementation of Ethereum 2.0. If you set very low priority fees or tips in your transactions, your Ether payments are likely to take hours or even days. However, the average transfer time with this deposit method is about five minutes. You should note that transfers of five minutes are still very slow as many cryptocurrencies now complete transactions in about a second.
Ether Deposits: How to do it?
1. First, you should sign into your crypto exchange account and go to ‘wallet’.
2. Then you can go to the funding page and select crypto deposits.
3. After that, you should select ETH and choose the network you want to deposit to.
4. Finally, you need to add the amount you want to deposit and verify your account.
Which are the main countries where Ether is used?
This deposit method is mostly used in the United States, Germany, Singapore, and the United Kingdom. Generally, countries that don’t accept this payment option also restrict the use of other cryptocurrencies. These include Afghanistan, Pakistan, Saudi Arabia, and China. While cryptocurrencies are accepted in India, the charges imposed by the government make it almost impossible to use Ether.
Can you withdraw with Ether?
Crypto sites that accept Ether deposits will also allow users to make withdrawals using this cryptocurrency. If you think the gas fees are too high, you can consider using other withdrawal options, including Visa, MasterCard, Solana, and bank transfer.
Reputation of Ether
This funding method is extremely popular and even surpassed the market caps of financial giants like JP Morgan and Visa. One of the key reasons for the popularity of this cryptocurrency is the fact that it is among the oldest altcoins. It has also proven to be extremely secure and reliable. Lots of people are hopeful that the upgrade to ETH 2.0 will help to resolve some of the main issues affecting the cryptocurrency.
On Twitter, the cryptocurrency has more than 2.3 million followers, and lots of discussions on the coin are held on this platform. You can also participate in Ethereum discussions on the subreddit r/Ethereum. More short facts, pros and cons about Ethereum blockchain can be found in our review.
Here are some of the most frequently asked questions about transfers with Ether (ETH) in order to make a deposit or send money to another wallet.
Is it safe to use Ether for cryptocurrency deposits?
Ether works on the blockchain, which means the network cannot be hacked, and transactions cannot be altered. However, you should set strong passwords on your crypto wallet and even enable two-factor authentication. You should never share your private keys with anyone, including support teams.
How do I set up Ether?
To make deposits with Ether, you first need to get a crypto wallet, and this could be a software or hardware wallet. You can then purchase the cryptocurrency on a crypto exchange. From there, you will be able to make deposits easily.
Is Ether transfers instant?
Ethereum is known for being a slow payment method. However, you can now add higher tips to motivate miners to validate your transactions faster. On average, the network processes transactions within five minutes.
When was Ether founded?
This cryptocurrency was founded in 2013 and is among the oldest altcoins available.
Who is the founder of Ether?
This altcoin was founded by Vitalik Buterin, and he has grown to become a major figure in the crypto community. He was among the first people to consider the full potential of blockchain technology.
Does Ether only work on Apple devices?
Ether can enable Apple mobile payments and can work as an alternative to Apple Pay. However, you should remember that the cryptocurrency is also meant to be used on desktop devices and Android phones.