What is ETH?

 Common FAQ    |      2019-01-25

When we talk about cryptocurrency, most people can only think of Bitcoin. In fact, there is a “rising star” in crypto space - Ethereum (ETH). ETH is the second most valuable form of digital money after Bitcoin and many investors forecast ETH could surpass Bitcoin by the end of 2018.

Where did it originate?

ETH is the cryptocurrency used in the Ethereum Platform - which is an open sourced software platform based on blockchain technology that enables developers to build and deploy decentralized applications.
The platform offers technology such as Smart contracts to help store, secure and execute data effectively removing the need of third parties.

Basic statistics of ETH

• Issue date: 30 July 2015
• Abbreviation: ETH
• Total supply: Not Applicable
• Initial price: around $1.23 USD
• Record high: reached $393 USD per token in mid-June

The pros and cons of ETH

How is it used?

The most fundamental function of ETH is to be used as "gas" or "fuel" on the Ethereum platform to facilitate the processing of transactions via smart contracts for Dapps.
If you would like to know more about ETH, please refer to the official website below:


A step-by-step guide to purchasing and selling crypto on OKX,

Step 1: Log in to your OKX account
Before you can start buying or selling cryptocurrency on OKX, you must first log in to your OKX account. If you do not yet have an account, click Sign up and complete the registration process.
Step 2: Select Buy/Sell
Once you have logged in to your OKX account, click Buy Crypto in the upper left-hand corner of the screen to get started.
Step 3: Select your purchasing method
The next step is to choose how you would like to buy or sell . There are two primary options on OKX: Express and P2P trade.

Finally, simply confirm your transaction details.

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