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  • Lowest trading fees: 0.15%
  • Buy ETH with iDEAL, Bancontact or SEPA
  • Maximum safety with Proof of Reserves
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What is Ethereum?

Ethereum is an open-source blockchain on which decentralized applications (dApps) run. Ethereum makes it possible to carry out transactions without the intervention of a central party. Developers can use the Ethereum network to build new dApps. This way, the ecosystem is expanded with new protocols and cryptocurrencies. Examples of this are UniSwap, 1Inch and OpenSea.

On the Ethereum network, users can send ETH to other digital wallets. To carry out a transaction, the sender pays a ‘gas fee’. You also pay a gas fee when you use a dApp. Part of the gas fee is paid out to validators. A validator is someone who commits their Ethereum for a longer period of time to protect the network and, together with other validators, carries out transactions by adding new blocks to the Ethereum blockchain. This process is called 'staking', and validators receive rewards in ETH.

The amount of the gas fee depends on how much computing power is needed to perform a certain action. In addition, the speed with which you want a transaction to be executed influences the amount of the transaction costs.

With its cryptocurrency ETH, Ethereum has become the second largest cryptocurrency in terms of market value, right after Bitcoin.
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Network information

Name
Ethereum
Ticker
ETH
Network name
Ethereum network
RPC URL
https://chainlist.org/chain/1
Explorer URL
https://etherscan.io

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Buy Ethereum with your favorite order type

  • Market order

    Buy Ethereum instantly at the best available price. Ideal for quick and easy purchases.

  • Limit order

    Set your maximum price for Ethereum. Your order will be executed when your limit price is reached on the market

  • Auto Invest

    Automate your crypto purchases on a daily, weekly, bi-weekly, or monthly basis.

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FAQ

  • How to buy Ethereum?

    Follow the steps below to easily and securely buy Ethereum.

    1. Sign up

      Create an account with a reputable crypto platform like Finst.

    2. Deposit EUR

      Deposit Euros using payment methods like iDEAL, Bancontact, or SEPA.

    3. Start investing

      Buy Ethereum and securely store it on our platform.

  • Can I automatically invest in Ethereum on a recurring basis (DCA)?

    Yes, with Auto Invest, you can set up daily, weekly, bi-weekly, or monthly purchases of your favorite crypto using the Dollar Cost Averaging (DCA) strategy. Create your own investment plan and DCA Ethereum without any action required or additional fees.

    Do you prefer to store your crypto on your external wallet? At Finst, we have various cryptocurrencies enabled for automatic withdrawals, which are sent straight to your wallet after each recurring purchase.

  • What fees do I need to pay when buying Ethereum?

    When you buy Ethereum through Finst, you benefit from the most competitive trading fees of 0,15% per transaction.

    Any fees you may encounter when trading crypto are clearly shown for every transaction on our platform.

    It's important to note that network fees are outside of our control, as they are determined by the blockchain networks themselves.

    This means that while network fees may vary depending on the blockchain and current demand, our trading fee remains consistent, helping you better manage your transaction costs.

  • Which order types can I use to buy Ethereum?

    At Finst, we support several order types to buy Ethereum: Market Order, Limit Order, and Auto Invest (DCA).

    - With a Market Order, you buy Ethereum instantly at the best available market price.

    - Do you want to buy Ethereum at a lower price? With a Limit Order, you set the maximum price you're willing to pay for Ethereum. Your order will be executed once your limit price is reached on the market.

    - Do you want to invest in Ethereum without constantly checking the market? With Auto Invest, you can schedule automatic and recurring purchases. Whether you want to buy daily, weekly, bi-weekly, or monthly - you choose the frequency.

  • Can I use limit order to buy Ethereum?

    Yes, on our platform, you can easily buy Ethereum with a Limit Order. This allows you to set the maximum price you're willing to pay. Your order will be executed once the price of Ethereum reaches your limit price or lower.

    A Limit Order is ideal if you want to wait for a better price without constantly monitoring the market.

  • Is it safe to buy Ethereum?

    Yes, it is safe to buy Ethereum through Finst. We are registered as a Crypto Service Provider (no. R189158) with the Dutch Central Bank (DNB), and we are the first and only Dutch crypto platform that successfully obtained a Proof of Reserves (PoR) from an independent and reputable audit firm (Audit Now). At Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

  • Is it legal to buy Ethereum?

    Yes, buying Ethereum is legal in Europe. However, we advise you to do your own research before making a purchase.

  • Can I buy Ethereum anonymously?

    No, due to laws and regulations, it is not possible to buy Ethereum or other cryptocurrencies anonymously on a regulated crypto platform in Europe.

  • Can I buy Ethereum with iDEAL?

    Yes, at Finst, you can easily buy Ethereum with iDEAL. We also support popular payment methods like SEPA and Bancontact.

  • Do you have to buy one Ethereum?

    At Finst, you can start investing in Ethereum with as little as €1. For many coins, it is not necessary to buy a whole coin.

  • What are the risks of investing in Ethereum?

    Investing in cryptocurrencies like Ethereum involves risks of losses. You can lose (part of) your deposit. Before you decide to buy Ethereum, it is important to understand the risks.

    Volatility: The price of Ethereum can fluctuate significantly. This means that its value can rise and fall quickly.

    No guaranteed profit: Previous price increases do not guarantee future returns. Therefore, only invest money that you can afford to lose.

    External factors: The price of Ethereum is influenced by external factors, such as economic conditions and the actions of influential individuals, governments, and institutions. These factors can have a positive or negative impact on the price.

  • How to store Ethereum?

    You can securely store your Ethereum in your Finst wallet. Some cryptocurrencies also support external wallets, allowing you to send your crypto to your own wallet if desired. We use state-of-the-art security measures to keep you and your crypto safe.

    We work with Fireblocks, one of the most trusted crypto security infrastructure providers, to safely store your Ethereum. They make use of Multi-Party Computation (MPC) technology which is an advanced cryptographic technology used to protect your digital assets.

    Additionally, Finst is the first and only Dutch crypto platform that has successfully conducted an extensive Proof of Reserves (PoR) audit. With Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

  • Can I send my Ethereum to an external wallet?

    Yes, you can send your Ethereum to an external wallet. With Finst, you can easily send your Ethereum to a hardware or a software wallet.

  • Can I store Ethereum on a hardware wallet?

    Yes, you can store Ethereum (ETH) on hardware wallets such as Ledger or Trezor.

  • Can I stake my Ethereum?

    Yes, at Finst, you can stake ETH and earn passive income on your coins while contributing to the security of the network.

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How does Ethereum work?

Like Bitcoin, Ethereum uses blockchain technology, which allows you to use the network without the intervention of a central party such as a bank or government. However, Ethereum does not work the same way as Bitcoin. Ethereum is a technology that makes it possible to build decentralized applications (dApps) and decentralized autonomous organizations (DAOs), manage assets and carry out transactions. The native cryptocurrency of Ethereum is ETH. So if you want to buy Ethereum, you are actually buying ETH.

Cryptocurrencies such as ETH are used to transfer large sums of money (sometimes even billions of euros) within minutes. No bank or credit card company is involved. This is also known as a peer-to-peer system. This means you always retain full control over your own transactions.

The Ethereum Blockchain

Ethereum works on the basis of blockchain technology, a distributed database that records transactions in a long chain of blocks (hence the name blockchain). When a new series of transactions is added, a new block is created. This block contains all previously made transactions as well as the most recent transactions that have yet to be made.

These transactions are verified by nodes. They check to see if a transaction has been tampered with. Nodes work together to reach a consensus. If the majority reaches a consensus, the transaction goes through; otherwise it does not. In this way, the network ensures that all transactions are legitimate and the network is secured. This keeps transactions reliable, secure and unchangeable.

There are different types of nodes, but an important type on the Ethereum network is the validator node. This can be a single validator or multiple validators working together. Validators use their ETH (stake) to secure the network and to validate transactions and add new blocks to the blockchain.

A unique aspect of Ethereum is that it is programmable. This means that developers can build dApps that use the blockchain for data storage and logic. On Ethereum, for example, you can use smart contracts. Simply put, a smart contract is a digital agreement between two parties that is automatically executed as soon as all conditions are met. This makes it possible to do more on the Ethereum network than on the Bitcoin network.

In recent years, countless dApps have been launched, from financial services to games, social networks and other applications that value privacy and censorship resistance highly.

Who are the founders of Ethereum?

Ethereum was conceived in 2013 by programmer Vitalik Buterin. In that year he described his idea in a white paper, in which he explained how Ethereum could address the limitations of Bitcoin by creating a programmable blockchain. This network would not only be used for financial transactions, but also for the development of decentralized applications (dApps) and the execution of smart contracts. Ethereum is said to be faster, more scalable and more versatile than Bitcoin.

In 2014, Buterin worked with a team of developers, including Charles Hoskinson (the founder of Cardano), on the development of Ethereum.

To finance the development, a crowdsale (ICO) was held in which investors could buy ETH in exchange for money to build the network. A total of 18.3 million dollars was raised. Ethereum was officially launched on July 30, 2015.

Does Ethereum have its own blockchain?

Yes, Ethereum has its own blockchain. On the Ethereum blockchain you can carry out transactions by sending ETH to another Ethereum wallet. In addition, smart contracts can be created and executed, and dApps can be built that expand the ecosystem.

What kind of consensus algorithm does Ethereum use?

Ethereum uses the Proof-of-Stake (PoS) consensus algorithm. This means that new blocks are added to the blockchain through staking, in which new transactions are processed. In practice, users of the network make Ether (ETH) tokens available to secure the network and validate transactions. In exchange, they receive interest on their staked ETH, also known as staking rewards. The amount of these rewards varies per platform and can change over time.

Ethereum 1.0 (Proof-of-Work - PoW)

Ethereum was launched in 2015 as a Proof-of-Work (PoW) network. This means that, like Bitcoin, the network used miners (computers) that use computing power to add new blocks to the blockchain. The disadvantages of this were that it was very energy-intensive, which meant that gas fees became very high when the network was busy. In addition, PoW also stood in the way of scalability. Finally, PoW is seen as environmentally harmful. By switching to a PoS network, they are trying to create a sustainable image and stimulate adoption by companies and developers.

Ethereum 2.0 (Proof of Stake - PoS)

In September 2022, Ethereum officially switched to Proof-of-Stake (PoS) after the upgrade called ‘The Merge’. From that moment on, intensive mining was a thing of the past. Transactions are now validated and new blocks added by means of staking.

After The Merge, the supply of new Ether was also reduced by approximately 90%. This can have a positive effect on the price development of ETH if demand increases. In addition, the increased scalability allows developers to build protocols with layer 2 solutions that have a much higher transaction speed than the base layer network of Ethereum itself.

What is Ether (ETH)?

Ether is the cryptocurrency that you can use to carry out transactions on the Ethereum blockchain. Ether is abbreviated as ETH. Ether is the native token of Ethereum, which means that when you buy Ethereum from Finst, you receive Ether (ETH).

With Ether, you can make peer-to-peer transactions to another Ethereum wallet without the intervention of third parties. You don't have to own 1 ETH; you can divide ETH up to 0.000000000000000001 (1 wei). In theory, you could send or buy a very small part of an ETH. With Finst, this is already possible from 1 euro in Ethereum.

What can you do with Ethereum?

Everyone is familiar with Ethereum, but what can you really do with it? Below, we will give some examples so you can get an idea of the possibilities.

- Storage of crypto: Safely store Ethereum, ERC-20 tokens and ERC-721 tokens in an Ethereum wallet.

- Financial services: You can use all applications on the Ethereum network.

- Privacy: Make transactions without the government knowing what you are doing.

- Peer-to-peer: The Ethereum network makes it possible to send money directly without the intervention of banks.

- dApps: You can build your own applications that work via the Ethereum network.

- Smart contracts: You can write smart contracts that cannot be modified by anyone.

- Crypto creation: Create and launch your own token, or launch your own NFT collection.

Ethereum and DeFi

Ethereum is the basis of Decentralized Finance (DeFi). This is a new financial ecosystem without intermediaries. With DeFi you can, for example:

- Tokenize assets: Turn real estate, art or stocks into digital tokens (often in the form of NFTs) that are tradable on the Ethereum blockchain.

- DAOs (Decentralized Autonomous Organizations): Create digital organizations that are governed by smart contracts, without a central authority.

- Crowdfunding: Raise money for new ideas via Ethereum-based platforms.

- Decentralized insurance: With ETH and DeFi, you can offer insurance products more cheaply because traditional intermediaries are eliminated.

Smart contracts play a crucial role in DeFi because they ensure that financial transactions are carried out exactly as programmed. Since no one can change the rules of a smart contract, it is often also the safest way to record contracts.

Apps on Ethereum

Ethereum is the place where developers build decentralized applications (dApps). Popular apps are:

- Uniswap: A decentralized exchange (DEX).

- Foundation: A platform for NFTs where artists can sell their work.

- PoolTogether: A lottery with no loss; participants always get their stake back.

Well-known names such as Aave, Compound, Loopring and Balancer also run on Ethereum. The unique thing about dApps on Ethereum is that, once launched, they cannot be removed. These apps are completely decentralized and remain active even if the developers leave the project.

Buying Ethereum allows you to use this innovative ecosystem, which continues to develop with applications for financial services, games, art and more.

The History of Ethereum

In 2015, Vitalik Buterin and his team of developers launched the Ethereum blockchain. During the launch, the world was introduced to smart contracts and decentralized applications (dApps). This made Ethereum the first blockchain that could do more than just execute peer-to-peer transactions. Since its launch, Ethereum has grown rapidly and has become an integral part of the crypto world. Many DeFi and NFT projects use the network.

Over the years, the price of Ethereum has grown rapidly. Below are the most important historical developments:

- 2015: The launch of Ethereum.

- 2017/2018: During the bull market of 2017 and 2018, Ethereum reached a price of around 1,200 euros. A major reason for this was the many Initial Coin Offerings (ICOs) that launched their tokens within the Ethereum ecosystem.

- 2020: The DeFi sector exploded, causing Ethereum to reach a value of more than 700 euros after a sharp drop of more than 94% to 80 euros in the bear market.

- 2021: During the bull market of 2021, Ethereum managed to reach a new all-time high of more than 4,000 euros per ETH, partly due to the increasing popularity of DeFi and the introduction of NFTs on the network.

- 2022: Ethereum officially made the switch to Proof-of-Stake after a successful ‘Merge’.

- 2024: After Bitcoin already received its own ETF, Ethereum also received its own ETF in September 2024, which makes it easier for institutional investors to invest in Ethereum.

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