Buy Ethereum in Australia

Ethereum

ETH
ETH_33758a8450.svg
$0.000AUD
Past performance is not indicative of future results. All prices are sourced from CoinJar Indices.
ETH price calculator
AUD
ETH
Buy ETH

Overview

#02Popularity
Smart Contract PlatformAsset type
2015Active since

What is Ethereum?

Ethereum is the second-biggest cryptocurrency and the crypto that pioneered the broader use of blockchain as a technology.

Created in 2015 by 19-year-old prodigy Vitalik Buterin, Ethereum inverted the Bitcoin model, emphasising the blockchain over the currency itself. If blockchains could verify monetary transactions, then why not shipping manifests, airline bookings, website code or home ownership?

Ethereum in popular culture

Buy ETH because it's cool? How pop culture is absorbing Ethereum

Ethereum and its related concepts have started to seep into pop culture. If you were considering a crypto that the cool kids like, buying Ethereum might interest you.

Futurama and Ether

Futurama, the animated sci-fi comedy series, has mentioned Ethereum more than once.

And of course, you can buy an NFT of Viterlik Buterin’s head in a Futurama-style vase.

Celebs and Ether

Celebs are also deep into Ethereum. For example, Paris Hilton got into Ethereum in 2016, and claims to have made a tidy profit from her early investment.

Vitalik Buterin, founder of Ethereum, has become a celebrity in his own right. And, he is becoming known as quite the fashion leader.

These kinds of pop culture appearances helped to raise awareness and interest in Ethereum and other cryptocurrencies among the general public, especially the younger generation. And this just makes buying ETH seem like a fun thing to do!

Buying ETH because of the developers behind it

Ethereum’s biggest innovation in this respect was what Buterin termed ‘smart contracts’ – programmable and unalterable contracts that would auto-execute when certain conditions were met.

This simple idea meant Ethereum could become the first true blockchain platform: A blockchain upon which decentralised apps and blockchains could be built.

Participants pay so-called “gas” fees to use the network, which are denominated in Ethereum’s native cryptocurrency, Ether (ETH). The more demand there is, the higher the gas fees.

While there’s no hardcoded upper limit on the amount of ETH to be created like there is with Bitcoin, Ethereum has introduced a mechanism that means a certain amount of ETH is burnt in every transaction, helping to reduce inflationary pressures. It’s predicted that over time this will lead to more ETH being destroyed than created.

The network is powered by a Proof-of-Stake consensus model that requires 99.95% less energy than Proof-of-Work models like Bitcoin. This means that people who hold a certain amount of ETH can stake it to help verify transactions, receiving newly issued ETH in the process.

Many of the biggest and most exciting projects in the crypto space are built on Ethereum. The platform’s ERC-20 standard is the architecture that powers more than 20 of the coins on CoinJar – including all the major DeFi projects – while NFTs (non-fungible tokens) came into being thanks to ERC-721.

How to buy Ethereum: Buy ETH on CoinJar

Are you asking yourself, "How can I buy Ethereum?" Here are the steps.

-Download the CoinJar app on iOS or Android. This is the easiest way to access CoinJar’s services and features. You can also use the web version of CoinJar, but the app has a more user-friendly interface.

-Create an account with CoinJar and verify your ID. This is required to comply with the regulations and laws in your country. You will need to provide some personal information, such as your name, email, phone number, and address. You will also need to upload a photo of your ID document, such as a passport or driver’s license. The verification process may take a few minutes or hours, depending on the volume of requests.

-Transfer money into your CoinJar account. You can do this in several different ways, so choose the method that suits you best. You can use a bank transfer, or a card payment, among other methods.

-You can then use the funds in your account to buy Ethereum at the market price or place a custom order.

-CoinJar provides a secure and convenient wallet for storing your Ethereum and other cryptocurrencies. You can access your wallet from the app or the web.

You can also send and receive Ethereum from other wallets using your CoinJar address or QR code. If you prefer to use a different wallet, you can transfer your Ethereum from CoinJar to any other compatible wallet.

-Welcome to the Ethereum club!

logo_payment-method_payid.svg
logo_payment-method_osko.svg
logo_payment-method_mastercard.svg
Faster_Payments_logo.svg
logo_payment-method_apple-pay.svg
logo_payment-method_google-pay.svg

Cash, credit or crypto?

Buy Ethereum instantly using Visa or Mastercard. Get cash in your account fast with bank transfer, PayID or Osko. Convert crypto-to-crypto with a single click.

How to buy Ethereum with CoinJar

Start your portfolio with Australia's longest running crypto exchange with these simple steps.
Step oneDownload the appGet the CoinJar app on iOS or Android.
Step twoCreate an accountSign up and verify your ID – it only takes a couple of minutes.
Step threeMake a purchaseBuy Bitcoin and almost 50 other cryptos using cash or credit card.
Get the CoinJar app
App store
App Store Rating - Apple
App store
App Store Rating - Google (UPDATED).svg
AppReviews logo
Great
Trustpilot ratings 4 star
TrustScore 4.2 |Trustpilot

Blockchain Australia's 2023 Blockies Awards Winner

DIGITAL CURRENCY EXCHANGE OF THE YEAR
CoinJar won the Digital Currency Exchange of the Year Award at The Blockies! Read our blog to learn why Blockchain Australia chose us over the competition.See why Blockchain Australia chose CoinJar

Featured In

featured-in_compilation_desktop_au@1920w.png

mastercard_pay_mark_0350ee9c9b.svg
footer_logo_1_6a238f8aff.png
apple_pay_mark_7d779715ad.svg
google_pay_mark_800_1_d4e5c13bff.svg
promo_coinjar-card@1920w.png

CoinJar Card

CRYPTO SPENDING POWERED BY MASTERCARD®
CoinJar Card lets you spend your crypto like cash, online and in-store – with both Apple Pay and Google Pay™. It’s free to set up, has no monthly fees and you earn CoinJar Rewards every time you spend.Get your free CoinJar Card

CoinJar App

All-in-one crypto wallet
Buy, sell, send and even spend your crypto with Australia’s favourite cryptocurrency app.Get the CoinJar app

Trade your local currency

MULTI-CURRENCY SUPPORT
Trade BTC, ETH and 50 of the world's leading cryptocurrencies using AUD, USD, EUR and GBP stablecoins.Start trading

CoinJar Bundles & DCA

AUTOMATE & DIVERSIFY YOUR PORTFOLIO
Invest in themed baskets of crypto with CoinJar Bundles. Pick your Bundle in the CoinJar app and dollar buy, sell, rebalance, unbundle and dollar cost average your assets with ease. Use Recurring Buy to set up automated weekly, fortnightly, or monthly purchases at your chosen rate.See all Bundles

CoinJar Exchange

TRADE FOR AS LOW AS 0%
With one of the fastest matching engines in the world, CoinJar Exchange is purpose-built for institutions, market makers and professional traders. Features global liquidity, ultra-thin spreads and some of Australia’s most competitive fees.Explore CoinJar Exchange

Check out these other popular cryptos

Open your CoinJar

Frequently asked questions

Where can I use 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.

What is the safest way to buy Ethereum?

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.

Can I buy Ethereum with a credit or debit card?

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.

How is the price of Ethereum determined?

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.

What is a Smart Contract?

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.

What is Ether?

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.

What are gas fees?

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.

Why buy ETH with CoinJar?

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.

Buy ETH: How to buy Ethereum?

To buy ETH on CoinJar, you need to create an account and verify your identity. Then, you need to deposit AUD using bank transfer, or card. After that, you can go to the Trade page and select ETH from the list of cryptocurrencies.

You can enter the amount of AUD or ETH you want to buy and confirm the order. You will see the ETH in your CoinJar wallet once the transaction is completed.

Can I buy ETH with credit card / buy Ethereum with credit card?

Yes, you can buy ETH with credit card on CoinJar. CoinJar charges a 2% fee for instant card payments, which is higher than the 1% fee for buying and selling crypto with other payment methods.

Buy Ethereum ETH: Can I buy ETH using bank transfers?

Yes, you can buy ETH using bank transfers on CoinJar. You can deposit funds using bank transfer, PayID or Osko. The minimum deposit amount is $20 with card, and there are no deposit fees.

Bank transfers usually take 1-2 business days to clear. Once you have funds in your CoinJar account, you can buy ETH as described above.

Purchase ethereum: How do I buy Ethereum?

To buy ETH, you need to create an account on CoinJar and verify your who you are. Then, deposit dollars using bank transfer, or card. After that, you can select ETH.

Choose the dollar amount or ETH you want to buy and confirm the order. The ETH will appear in your CoinJar wallet once the transaction is finished.

To buy ETH, you need to use a cryptocurrency exchange that supports it. There are many exchanges around the world that offer ETH trading, such as CoinJar, Kraken, Binance, eToro and Swyftx.

Depending on the exchange, you can buy ETH with different payment methods, such as bank transfer, credit card, PayPal, or other cryptocurrencies.

You will also need a crypto wallet to store your ETH securely. Some exchanges provide their own wallets, while others require you to use a third-party wallet.

Can I buy $10 worth of Ethereum?

Yes, you can buy $10 worth of ETH on CoinJar.

You can deposit funds using bank transfer, or card. The payment method can be different on different exchanges. At CoinJar, the minimum deposit amount is $10, and the minimum trade amount is $5.

CoinJar charges small fees for buying and selling crypto, and a 2% fee for instant card payments. There’s a minimum spend of $20 for card purchases.

You can also use CoinJar Card, a crypto debit card powered by Mastercard, to spend your ETH online and in-store.

There are many other exchanges that also offer ETH trading with low minimums, such as Swyftx, Kraken and eToro.

You can compare their features, prices and reviews on sites like Finder.

Can I buy $1 worth of Ethereum on CoinJar?

No, you cannot buy $1 worth of ETH on CoinJar. The minimum trade amount on CoinJar is $5.

But, you can buy $1 worth of ETH elsewhere. Some exchanges have lower minimum trade amounts than CoinJar, such as Binance, which has a minimum of $0.01, and Kraken, which has a minimum of $0.10. However, you should also consider the fees and exchange rates that may affect the final cost of your purchase.

How can I buy Ethereum? What is the best site to buy Ethereum?

This is a complicated question as different sites may suit different needs and preferences. Some factors that you may want to consider when choosing an exchange are availability and legality in your country, supported payment methods and currencies, fees and exchange rates, security and reputation, customer service and support, ease of use and functionality, variety and liquidity of crypto assets.

CoinJar is a popular and reputable exchange, but it may not be the best option for everyone.

Ultimately, the best site to buy ETH depends on your personal goals and preferences.

App storeApp store

Your information is handled in accordance with CoinJar’s Collection Statement.

CoinJar’s digital currency exchange services are operated by CoinJar Australia Pty Ltd ACN 648 570 807, a registered digital currency exchange provider with AUSTRAC.

CoinJar Card is a prepaid Mastercard® issued by EML Payment Solutions Limited ABN 30 131 436 532 AFSL 404131 pursuant to license by Mastercard. CoinJar Australia Pty Ltd is an authorised representative of EML Payment Solutions Limited (AR No 1290193). We recommend you consider the Product Disclosure Statement and Target Market Determination before making any decision to acquire the product. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

Google Pay is a trademark of Google LLC. Apple Pay and Apple Watch are trademarks of Apple Inc.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

CoinJar logo
CoinJarGet the app.