Buy, Sell, & Trade ETH
Exchange ETH with USD and Cryptocurrency
Trading Ethereum and other cryptocurrencies can seem complicated for the average person. What’s more, it can be quite risky if you don’t fully understand it. Many people and even businesses have lost out on millions by leaving crypto in “hot wallets” and attracting hackers and other malicious actors. However, Rubix uses a robust cryptography system to keep you safe and enables you to conveniently, quickly purchase ETH from your bank account.
What is Ethereum (ETH)?
What is ETH? ETH, short for Ether is the cryptocurrency associated with Ethereum. It’s one of the most promising coins on the market, as it’s attached to the Ethereum technology that powers many blockchain applications. The team behind ETH is constantly working to rollout a dramatically improved successor technology, ETH 2.0, which makes being an ETH owner deeply exciting.
As of 2020, cryptocurrency has been used as a decentralized alternative to traditional fiat currencies (which are usually backed by some central government) such as the US dollar (USD). Meanwhile, cryptocurrency technology, including smart contracts and blockchain, has been used for a number of other purposes such as apps, cloud computing, and more.
As of September 2017, there were over 1,100 cryptocurrencies and the total market capitalization of all cryptocurrencies reached an all-time high surpassing $60 billion! Then, by December 2017, the total market cap reached $600 billion (a multiple of 10 in only two months).
Although the future is uncertain, cryptocurrency is proving itself to be more than just a fad. Today cryptocurrency is shaping up to be a growing market that (despite the pros and cons) is likely here for the long haul.
Who created ETH?
Ethereum is a network suitable for creating and deploying decentralized applications (DApps). Millions of computers around the world are constantly running nodes to verify smart contracts, protect the network from attacks, process blockchain activities and record all transactions in the distributed ledger.
The whitepaper was published in November 2013 by Vitalik Buterin detailing the project’s concepts, its development and smart contract implementation. Since its launch in 2015 by Vitalik Buterin and 7 other co-founders (Gavin Wood, Joseph Lubin, Charles Hoskinson, Anthony Di Iorio, Mihai Alisie, Amir Chetrit and Jeffrey Wilcke), Ethereum has become the second leading cryptocurrency by market cap and powering a variety of decentralized applications and decentralized finance platforms.
How do I exchange and Trade ETH?
Users can convert their crypto token to USD by finding an exchange that deals both currencies and selling your crypto currency. Depending on the current exchange rate, fees and spreads that the exchange charges, users will withdraw a corresponding amount of USD. In fact, it fundamentally works the same way as any other currency conversion option. Rubix employs the latest safety measures and has a proven track record for fair, efficient transactions.
Exchange ETH using Rubix
Acquiring ETH is easy using the trading tools built into the Rubix account. Instead of going to a ETH exchange and transferring, you can trade for ETH directly from your Rubix wallet. Rubix supports not just Ethereum trading, but most major cryptocurrencies which you can easily exchange. You can even convert ETH for fiat currencies, like the US dollar and euro. Rubix is a simple way to manage your cryptocurrency assets. Pay for products, send funds, and make bets with friends — all while knowing your funds are safe. Keep your ETH