Buy ETH securely with card or instant bank transfer. Start with as little as $1.
The current Ethereum price is $2,965.10 as in the last 24 hours its value has fallen by 0.05%. Ethereum is down 39.21% from its all-time high of $4,878.26. Ethereum ranks number 2 in terms of market capitalization, representing 14.33% of the entire crypto market. Ethereum is a decentralized currency, which means you can buy, sell, and exchange it without having to rely on traditional monetary systems.
Ethereum is a decentralized blockchain platform that enables developers to build decentralized applications (dApps) on top of its blockchain. Launched in 2015 by Vitalik Buterin, Ethereum has become one of the most popular blockchain platforms in the world, thanks to its robust ecosystem, active community, and innovative features.
Ether (ETH) is Ethereum’s native cryptocurrency and serves multiple purposes on the platform. It can be used to pay gas fees on the Ethereum network and as a means of participating in the platform’s governance system.
Two of Ethereum’s most important characteristics are its interoperability and scalability. The former refers to Ethereum’s ability to connect and communicate with other blockchain networks and platforms, which allows for greater functionality and compatibility. Scalability, on the other hand, refers to Ethereum’s ability to handle large volumes of transactions and data without compromising its performance or security.
In September 2022 Ethereum went through a major upgrade called The Merge, dubbed one of the most significant upgrade events for the industry because of its complexity. It involved the transition from the Proof-of-Work consensus algorithm to a more efficient Proof-of-Stake algorithm, with the purpose of reducing energy consumption, further improving scalability, and increasing security. Consequently, that mandated validation of the transactions on Ethereum to happen through the act of staking rather than mining.
Although much awaited, the Merge is just the beginning of a series of major updates Ethereum has to undergo in order for Vitalik’s vision to be completed.
Buy BTC with card or instant bank transfer and get up to 0.5% in crypto rewards back..
Start with as little as $1 and go up to $15,000 in just one purchase.
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Benefit from a top-tier insurance secured by Why Is the Right Place to Buy BitMerchants trusted custodians.
Once you open your bitMerchants account and verify your identity, then you have to:
Click on the “Buy” button on your Dashboard and select the desired asset.
Select the amount you want to buy and choose your payment method.
Preview your transaction details, and confirm the purchase. It's that easy!
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You can buy Ethereum either with a card or with a wire transfer.
Purchases with cards are instant, and the whole process can take a few seconds, once you’ve added your card details.
If you choose to buy crypto with a wire transfer, you must first fund your account with EUR, USD or GBP. To ensure timely transactions in the fast-paced market, we have incorporated GBP wires through Faster Payments and EUR wires through SEPA Instant. The next and final step is to make an exchange transaction using some or all of the transferred amount to acquire ETH.
Once the transaction is completed, the newly acquired ETH automatically appears in your BitMerchants Savings account and starts earning you compound interest.
Ethereum’s divisibility allows for very precise transactions with small fractions of the currency. At we’ve made it even more accessible by enabling users to purchase as little as $1 worth of ETH.
There are several factors that influence users’ decisions about how much Ethereum to purchase, including supply, demand, availability, competition from other cryptocurrencies, and investor sentiment. Given the volatility of the market, the timing of ETH purchases is a matter of personal judgment based on each user’s knowledge and confidence in the technology.
To earn instant crypto rewards, make sure the ratio of BitMerchants Tokens in your account against the rest of your portfolio is at least 1%. The rewards you get depend on your Loyalty tier – the higher your Loyalty tier is, the more rewards you’ll get.
If you want to get the maximum reward rate of 0.5%, join the Platinum Loyalty tier by maintaining the ratio between BitMerchants Tokens against the rest of your portfolio at 10% or more.
Example
Let’s say you stay within BitMerchants Platinum Loyalty tier and you buy $5,000 worth of ETH via the BitMerchants Exchange. That means you’ll get $25 worth of ETH in instant cashback:
$5,000*0.5% = $25 in ETH
To find out the exact cashback rates for each tier, visit our Help Center.
Note: The total crypto rewards paid are limited up to $100,000 in exchange volume per month. That means you’ll get rewarded until your total monthly amount of swaps reaches $100,000. That limit resets back to $0 on the 1st day of each month.
You start earning interest automatically the next day after you add Ethereum to your BitMerchants app. If you want to increase the amount of interest you earn by up to 2% you can opt to receive your interest in BitMerchants.
To start earning staking rewards, swap your ETH for NETH BitMerchants Staked Ethereum) at a 1:1 ratio.
The yield you earn depends on the Ethereum network rate and the amount of ETH staked through BitMerchants The newly acquired NETH serves as proof for your validation through BitMerchants validator node and can be swapped back for ETH in a single click.
BitMerchants provides top-tier security for your assets through our trusted custodians and leading compliance partners and includes:
Comprehensive insurance protection on custodial assets from our custody partners via Lloyd’s of London and Marsh & Arch.
Institutional-gradecustody solutions in the blockchain space, provided by SOC 2 Type 2 certified, Ledger Vault, and other partners.
Military-grade 256-bit encryption and fraud monitoring mechanisms.
ISO/IEC 27001:2013 accredited information security management systems.
To find out more about our security and insurance measures, please visit our dedicated page.
Buy, earn, swap and borrow against your ETH instantly and securely on BitMerchants
All or part of the BitMerchants Services, some features thereof, or some Digital Assets, are not available in certain jurisdictions, including where restrictions or limitations may apply, as indicated on the BitMerchants Platform and in the relevant general terms and conditions.
Copyright 2024 BitMerchants. All rights reserved.
All or part of the BitMerchants Services, some features thereof, or some Digital Assets, are not available in certain jurisdictions, including where restrictions or limitations may apply, as indicated on the BitMerchants Platform and in the relevant general terms and conditions.
Copyright 2024 BitMerchants. All rights reserved.
