Buy Ethereum with a Credit Card
You can buy ETH for USD and other fiat currencies here at SwapSpace! We provide an easy way to do that via our partner Mercuryo with a few simple steps right on this page. You can also look at Ethereum price dynamics and history, get some answers to your questions, and find some useful links to read more on what is ETH.
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Ethereum Live Price Chart
ETH price can be volatile. You can see the history of price changes in the cryptocurrency price chart below to help you make the best decision while considering buying crypto.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third-party interference. It enables developers to build and deploy decentralized applications. The goal of Ethereum is to create an open platform that allows for the decentralization of the world's economy.
Ethereum is also a platform that makes it possible for individuals to run their own nodes and create their own blockchains. This means that anyone can use Ethereum to create and run applications. Ethereum is powerful and has the ability to enable the development of a wide variety of applications. Some of the applications that could be developed using Ethereum include decentralized applications, smart contracts, and blockchain applications. Ethereum is a valuable platform and has a growing community of developers and users
Ethereum was launched in July 2015 by Vitalik Buterin, a Russian-born Canadian computer scientist, and Joseph Lubin, an American software developer. The project though has six other co-founders, including Anthony Di Iorio, who underwrote the first stages of the project development, Charles Hoskinson, who played a significant role in establishing the Swiss-based Ethereum foundation and its legal framework, and Mihai Alisie, who assisted in creating Ethereum foundation.
Buterin first described a project in the Whitepaper prepared in 2013. In 2014 the funding of the project was secured by Buterin through an online crowd sale. The project managed to raise over $18 million in Bitcoin with ETH buy price being at $0.31 at the time of presale.
The Ethereum mainnet was initially launched on June 30, 2015, under the prototype called “Frontier”. The blockchain has undergone several upgrades ever since: “Constantinopole” on Feb 19, 2019, Istanbul on Dec 8, 2015, “Muir Glacier” on January 2, 2020, “Berlin” on April 14, 2021, and the latest was “London” hard fork completed on August 5, 2021.
There are a variety of use cases for Ethereum. Some of these uses cases include:
- As a platform for launching initial coin offerings (ICOs).
- As a platform for trading cryptocurrencies.
- As a platform for building decentralized applications.
Ethereum saw lots of criticism for using a Proof-of-Work consensus mechanism.
Proof-of-Work is expensive and slow. It requires miners to spend a lot of money on hardware and electricity to validate transactions. Ethereum developers believe that Proof-of-Stake is a more efficient way to run the network.
The big event of moving from one consensus mechanism to another one took about 2 years, with the project developers rolling out new upgrades, and preparing the blockchain. The developers build a whole new blockchain to move the existing ecosystem.
The Merge made the platform more resistant to attacks and make it more difficult for attackers to steal tokens from users. Ethereum started the transition from Proof-of-Work (POW) to Proof-of-Stake (POS) on November 15, 2022. Starting November 15th, Ethereum has been transitioning from Proof-of-Work (POW) to Proof-of-Stake (POS).
Ethereum can handle more transactions with Proof-of-Stake than with Proof-of-Work. This is because POS is more energy-efficient, meaning more people can participate without causing congestion on the network.
During The Merge the existing PoW mainnet has merged with the Beacon chain which works on PoS. Both of the networks create a new Proof-of-Stake Ethereum that has an execution layer and a consensus layer. While the consensus layer synchronizes the chain state across the network, the execution level handles the transactions and blocks production. The Merge also reduced the issuance of ETH tokens by 90%. It also reduced
At the same time, according to a common misconception, The Merge didn’t reduce the gas fees on the network as the block production states roughly the same at 12-13 seconds. There is also no on-chain governance, and all the on-chain changes are discussed and decided off-chain between the stakeholders.
To become validators on Ethereum 2.0 users need to stake at least 32 ETH, locking them up in the network for months, getting the return of 6% APY. Early stakes could earn up to 20%, but then the rewards were decreased, and over time are expected to go down to around 4,5%.
Base fees on Ethereum are burnt, removing ETH tokens from circulation, meaning the more people use Ethereum, the less tokens will be in circulation, making the token deflationary over time.
ETH is the native token of the Ethereum blockchain. It has no total supply, and 72 million tokens were issued on the network genesis day. 60 million of the coins were allocated to the initial contributors to the 2014 crowd sale. Users can buy Ethereum online on numerous exchanges and platforms, and hold it in most of the popular wallets.
How to Buy ETH on SwapSpace
On this page, we put USD in the “You send” and ETH in the “You get” section in the widget. USD is the default, but you can choose your preferred fiat currency. Put in the amount of fiat you want to spend. Next, press the ”View offers” button: at the moment, we just have one partner for buying crypto, but we plan to expand the pool in the future.
Fill in the “Enter the recipient address” field with the destination Ethereum address. Check the information carefully and click the “Next” button. After reading special terms and conditions in the next window, click “Next” again.
The Mercuryo widget will appear in the window at that point, asking you to complete the steps necessary for all the fiat-crypto exchanges and transfer the funds from your card. Follow the instructions on the screen. You can also read our detailed tutorial here.
Wait for the transaction to process. You’ll see a message when it’s completed. A window with your transaction details will also appear; from there, you can also create another crypto-fiat exchange.
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If you’re still just considering buying crypto with a credit or debit card, you can use the widget to play with our cryptocurrency converter: just put the amount of ETH you want and see how much USD, EUR, or other fiat currency it will cost you.