The Ethereum/USD pair represents the amount of US dollars necessary to purchase one unit of cryptocurrency. This popular crypto-to-fiat pairing can be affected by various factors.
Ethereum blockchain platform is used for building decentralized applications. Established by Vitalik Buterin in 2016, its network has revolutionized digital economy.
1. Coinbase
Coinbase is one of the world’s premier exchanges for buying and selling cryptocurrency, featuring an outstanding iOS/Android mobile app that’s easy to use and provides access to an array of crypto assets.
This company provides an array of products and features, including multi-currency support, instant funding via bank account or ACH transfer, stablecoin pairing service and API development platform for developers as well as security protocols that include searching the dark web for stolen credentials.
Coinbase charges fees for trading cryptocurrencies and stablecoins, but does not charge fees when buying or selling its own USDCoin. Fees are calculated at the time of each trade based on market conditions.
2. Binance
Binance is an ideal platform for experienced cryptocurrency traders seeking access to an array of features. This exchange features low fees and various trading tools – including margin trading which enables users to increase their positions with leveraged tokens (though this practice should only be undertaken if considered suitable for you).
The platform supports over 369 cryptos and features over 90 trading pairs. You can easily swap directly between coins without first needing to cash out into stablecoins before exchanging for the new currency.
The site also features an NFTs section, where quality initial game offerings could become priceless in years to come – for instance, Summoners Arena RPG items have proven particularly highly sought-after here.
3. Kraken
Kraken Exchange is one of the oldest and largest cryptocurrency exchanges worldwide, boasting top-of-the-line security measures as well as an expansive selection of crypto assets to invest in. This makes it an excellent option both for new investors looking to learn about cryptocurrencies as well as experienced traders looking for lower trading fees and increased security measures.
Deposit and withdrawal options support multiple fiat currencies, including USD, GBP, EUR, CAD, AUD and JPY – with fees that differ according to currency type.
Kraken Pro gives users access to spot, margin and futures trading, along with earning staking rewards by locking up cryptocurrency holdings – an essential feature to protect the value of portfolios.
4. Shapeshift
ETH/USD represents one of the world’s most beloved cryptocurrencies, Ethereum, with one of its strongest fiat currencies – the US dollar. This pairing represents how many dollars must be paid in order to purchase one ETH token (the base currency).
ETH is the cryptocurrency powering the Ethereum blockchain and provides a platform for numerous decentralized applications. Furthermore, ETH provides financial incentives for app developers (many of whom collect fees in ETH) as well as network validators who validate transactions.
Shapeshift is a non-custodial exchange platform that enables users to trade over 50 cryptos instantly and also provides a mobile app for monitoring portfolios, buying/selling cryptos, earning rainfall rewards and profiting by staking FOX tokens. KYC requirements do not need to be satisfied before using Shapeshift; unlike many other exchanges.
5. Coinbase Wallet
Coinbase Wallet is an independent digital wallet connected to your Coinbase account that specializes in robust security, making it suitable for beginners as well as experienced traders alike. Furthermore, its variety of fiat currency support allows easy deposit and withdrawal.
This wallet provides access to leading decentralized exchanges and relayers as well as ERC20 tokens and NFTs for storage purposes.
The interface of this wallet is user-friendly and suitable for those with minimal technical knowledge, making it suitable for people without prior cryptocurrency experience. However, users should take note that gas fees (charged by miners and network participants in order to facilitate transactions) do incur. These fluctuate based on network activity.
