Buy Ethereum in Australia

While it’s still rare to find retailers that accept Ethereum as payment, with CoinJar Card you can use the Ethereum in your CoinJar account (or any of the other 50+ cryptos we offer) to make purchases anywhere that Mastercard is accepted.

The safest way to Buy Ethereum is through a trusted exchange with a proven track record. CoinJar is Australia’s longest-running crypto exchange and has been operating since 2013 with no unplanned downtime, security breaches or loss of customer funds. We are registered with AUSTRAC and the FCA UK (for AML purposes) and work with some of the world’s largest payment providers, including Mastercard, Visa, Apple Pay and Google Pay.

Yes – with CoinJar Instant Buy you can buy ETH using any Australian-issued Visa or Mastercard. We also offer support for Apple Pay and Google Pay.

The price of ETH in AUD is determined by the international Ethereum market – basically, the price to be found on cryptocurrency exchanges in Australia and all around the world. These prices tend to be the same (or very close) because any differences are smoothed out by arbitrage traders that buy at one exchange and sell at another.

Smart contracts are Ethereum’s key innovation over Bitcoin. In essence, smart contracts let you create agreements between parties or layers of code that are automatically executed when certain conditions are met. By using smart contracts, developers have built the vast and growing ecosystem of decentralised apps (dApps) increasingly being referred to as web3.

Ether (ETH) is the native currency of the Ethereum network. When people want to use the system or add information to the blockchain – for instance, by transferring funds, making a purchase or executing a smart contract – they have to pay a transaction cost in Ether.

Gas fees refer to the amount of ETH you need to pay in order to perform a transaction or execute a smart contract on the Ethereum network. Gas fees are set in ‘gwei’ (short for gigawei, with wei being the smallest possible denomination of Ether) and are determined by the demand for transaction space. The more demand, the higher the gas fees. During periods of high demand, gas fees can reach US$50 per transaction, but are more commonly around 50c.

CoinJar is the longest-running crypto exchange in Australia and has been designed from the ground up with security and ease-of-use in mind. From the quick and intuitive sign-up process, to our lightning fast bank deposits and withdrawals, low fees starting at 0% (on CoinJar Exchange), and a user-friendly iOS and Android app, CoinJar is the ideal crypto exchange whether you’re buying crypto for the first time or an experienced investor.