What is Ethereum (ETH)?
Launching much later than top dog, Bitcoin, Ethereum joined the cryptocurrency market in 2015. While Bitcoin offers peer-to-peer digital currency, Ethereum offers smart-contract applications (a user can set specific conditions to trigger a transaction). Ethereum has a wide range of use cases that are attractive to consumers looking to do more than financial transactions.
Read the Ethereum whitepaper.
What is Ethereum’s value now?
What gives Ethereum its value?
Ethereum offers a rich variety of functionalities: cryptographic security, freedom from individual interference, a permanent and indelible record of the blockchain. But Ethereum is best seen as a software platform that allows developers to build their own apps on (decentralized apps, or dApps), issue tokens and build their own community.
Buy and sell ETH for fiat currency
On AAX’s OTC marketplace, you can buy and sell ETH for fiat currency directly from other users via bank transfer on a peer-to-peer basis. Simply head over to our OTC marketplace and look for the best offer.
Although this is essentially a peer-to-peer exchange, AAX oversees the transaction to ensure both parties stick to their end of the bargain.
Trade ETH against other cryptocurrencies
On AAX, you can trade ETH against 10+ other cryptocurrencies.
Trade anytime, on the go
Why trade with AAX?
Powered by LSEG Technology’s cutting edge matching engine, which is also at the heart of London Stock Exchange, and other traditional financial markets, AAX is a next-generation cryptocurrency exchange.
Integrity comes first
AAX is fully AML/KYC compliant and transparent.
Multi-layered security systems, robust custody, fully audited.
Multi device support
Trade on browser, iOS, and Android app. AAX supports API.
Trade across OTC, Spot, and Futures, deposit and withdraw, in one seamlessly integrated account.
What can you do once you own ETH?
Some users hold on to their ETH with the expectation of it increasing in value. You can store your ETH safely on your AAX account, a separate hot wallet or in cold storage.
You can trade ETH against other cryptocurrencies on AAX. You can also hedge against your position with perpetual futures contracts for Ethereum.
From your AAX account, you can easily transfer value around the world. You can buy Ethereum online and send it to anyone and anywhere with a wallet that supports Ethereum.