Going live in mid-2015, this open source platform introduced the concept of smart contracts to the crypto space.
Conceived and co-founded by Vitalik Buterin, it quickly climbed to the 2nd highest market share with only Bitcoin above it. Ether is a cryptocurrency whose blockchain is generated by the Ethereum platform.
Ethereum price predictions are often attributed to an increase in new adoptions - supply and demand - which can cause a surge in Ethereum prices; with business partnerships and Ethereum trading playing a contributing factor.
Being a blockchain app platform, Ethereum provides support to developers who want to build DApps (decentralised applications). While DApps supply dozens of blockchain-based apps, developers get charged in Ether for computing power and the Ethereum blockchain grows its database of new Ethereum users. DApps have created many ERC-20 tokens which function as a digital currency that can be bought, sold or traded on the market; continuing the cycle of Ethereum supply and demand.
Ethereum can be bought directly on our peer-to-peer marketplace, or converted from digital currencies on our cryptocurrency conversion service. This means you can buy ETH with ZAR, EUR, NGN, GBP, AUD and many more. Supporting 25 countries, ETH can be bought using the most convenient local payment method; including bank transfers, PayPal, TransferWise, supported fiat deposits, direct deposits and M-Pesa. Credit card payments are coming soon.
Ethereum can be sold for BTC or other cryptocurrencies via the Coindirect conversion service. If you are located in one of our other 24 supported countries, you can instantly sell your ETH by selecting the best buy offer from vendors in your country or you can set up a sell offer on our peer-to-peer marketplace. Ethereum can also be traded in real time against other digital currencies on our cryptocurrency exchange.