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Decentralized exchanges are open marketplaces for ETH and other tokens. They connect buyers and sellers directly. Instead of using a trusted third party to safeguard funds in the transaction, they use code. The seller's ETH will only be transferred when payment is guaranteed.
This type of code is known as a smart contract. More on smart contracts. This means there are fewer geographical restrictions than with centralized alternatives. Ethereum and ETH aren't controlled by any government or company - they are decentralized.
This means ETH's open to everyone to use. But this also means you need to take the security of your funds seriously. If you plan on buying a lot of ETH you may want to keep it in a wallet you control, not an exchange. That's because an exchange is a likely target for hackers. If a hacker gains access, you could lose your funds.
Alternatively, only you have control of your wallet. When you download a wallet it will create a public ETH address for you. Here's what one looks like:. Think of this like your email address, but instead of mail it can receive ETH. If you want to transfer ETH from an exchange to your wallet, use your address as the destination. Be sure to always double check before you send!
Your wallet should give you instructions on protecting against this. Be sure to follow them carefully — in most cases, no one can help you if you lose access to your wallet. Now that you own some ETH, check out some Ethereum applications dapps. There are dapps for finance, social media, gaming and lots of other categories. Skip to main content.
Help update this page. Translate page. See English. No bugs here! Don't show again. What is ether ETH? Use Ethereum. Download from. This ensures that your crypto trading experience is quick and reliable. Trading crypto on Binance is easy and intuitive. You only need a few steps to buy Ethereum instantly. Millions of global crypto users trust us. Many users hold on to their Ethereum with the expectation of it increasing in value.
You can store your Ethereum safely on your Binance wallet or on our crypto wallet app Trust Wallet, the most user-friendly and secure mobile wallet. Binance offers many trading pairs for Ethereum trading to meet your needs. Earn Rewards by staking coins. Staking is a great way to maximize your holdings in staking coins that would otherwise be sitting in a wallet or trading account.
Yes, Binance Pay allows you to easily transfer value around the world, fast. You can also buy goods and services with your Ethereum. More and more vendors and retailers accept Ethereum every day. Visit any of the listed merchants to buy your favorite things with Ethereum using Binance Pay. Binance Charity accepts Ethereum donations for global projects that aim to improve the lives of people in the bottom billion.
You can donate Ethereum so no one misses out on the growth made possible by blockchain. You can read more in-depth articles on Ethereum and study how cryptocurrencies like Ethereum work on Binance Academy. Cryptocurrency investment activities, including actions done to buy Ethereum online via Binance, are subject to market risk.
Binance provides easy and convenient ways for you to buy Ethereum instantly, and we put our best efforts to fully inform our users about each and every cryptocurrency we offer on the exchange, but we are not responsible for the results that may arise from your Ethereum purchase. This page and any information in it is not meant to be interpreted as an endorsement of any particular cryptocurrency or method of acquiring it.
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