Backpack lists ETH (Ethereum) for spot trading

Edited

Spot trading for ETH/USDC opens at 3AM UTC on May 13th, 2024.

  • Ticker: ETH

  • Total Supply: 120,105,243

ETH is the primary token for the Ethereum blockchain network.

Visit the Backpack Exchange to buy and trade ETH.



How to buy Ethereum?

  1. Create an account or login to the Backpack Exchange.

    • Navigate to the Ethereum trading page

    • Enter the amount of ETH you wish to purchase and select the Buy ETH button.

    • Navigate to Portfolio to see your balances.

  2. Login to your Backpack Exchange account via mobile app.

    1. Navigate to the Ethereum trading page

    2. Enter the amount of ETH you wish to purchase and select the Buy ETH button.

    3. Navigate to Portfolio to see your balances.


What is Ethereum?

Ethereum is one of the first and most well known cryptocurrency blockchains.

Ethereum founders Vitalik Buterin and Gavin Wood began development in 2014 and released the blockchain to the public on July 30, 2015.

Since then the opensource platform has grown to become one of the most popular blockchains for both developers and crypto investors.


What is ETH?

ETH, also known as 'ether', is the native token of the Ethereum blockchain.

ETH is the primary currency for buying and selling assets on Ethereum as well as paying for gas fees. Gas fees, or transaction fees, are the price required to execute a transaction on Ethereum.

ETH is unlimited in supply technically however the system is self regulating. Gas fees are 'burned' meaning the tokens can never be recovered or used again.


For any inquiries, please contact support@backpack.exchange

Backpack Exchange

May 13 2024