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Ethereum (ETH) wallet

Easy multi-functional cryptocurrency wallet with fiat support, exchange operations and purchases in few clicks
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1. What cryptocurrencies does EXBASE crypto wallet support?
2. Is it possible to conduct cryptocurrency purchase, sale and exchange operations inside the platform?
3. Does the platform support fiat balances?
4. Do I pay any fees for using the EXBASE crypto wallet?
5. What ensures the reliability of storing funds in the EXBASE wallet?
6. Do I need to pass verification to use the crypto wallet?

Ethereum wallet online

It is easy to create an ETH wallet (more often referred to simply as Ether, but in correspondence ETH) - just register on EXBASE. To get your own ETH address even easier - it will be automatically and completely free of charge created for you by our service at the time of registration and will be forever tied to your account. To register, you need a phone number and email, but immediately after registration, you will have access to the full functionality of the Ethereum blockchain network!

What can I do with the ETH cryptocurrency then? It can be bought, sold, received, sent, and, naturally, stored as an investment instrument.

What is Ethereum?

It is a cryptocurrency attuned for the creation of smart contracts based on the blockchain network. Today, Ether is considered one of the most promising cryptocurrencies and has one of the largest capitalizations among all EPS. Ethereum was invented by Vitalik Buterin in 2013, and the first block was mined on July 20, 2015, since then the cryptocurrency is constantly being improved. There is one hard fork of Ether, on July 20, 2016, the blockchain was split into Ethereum (which retained the name and ETH token) and the Ethereum Classic (ETC) fork itself, now these are two completely different products with different pros and cons.

How to store Ethereum?

It will be possible to store Ether only on a special cryptocurrency wallet, there are a lot of types and types, but at this stage it is enough to know that the best choice is a hybrid wallet. It is devoid of both the slowness and complexity of managing cold wallets and the sheer insecurity of first generation hot and web wallets. In the case of the EXBASE hybrid custodian crypto wallet, all these advantages are complemented by an integrated exchanger, the ability to store fiat funds as well, and such impenetrable protection as masterpassword and Google two-factor authentication.

To store ether on EXBASE, it is enough to register using the current phone number and email. In the "Portfolio" tab, you will immediately gain access to all the features of the ETH wallet. To find your Ethereum address sequence, you need to go to the "Portfolio" tab and click under Ethereum and the "Get" button, a warning will appear and the address itself - a unique sequence of characters.

Ethereum wallet security

Different wallets have different levels of security, regardless of the reliability of the blockchain. As for the EXBASE wallet, its security is ensured by the following:

  • Multi-factor authentication including but not limited to Google Authenticator.
  • Decentralization of sales, purchase and exchange processes.
  • Our central server does not store information, the compromise of which gave them access to users' assets, and operators do not have access to wallets.
  • Integrated masterpassword is a special password that is not stored on the server and without entering it is impossible to perform any operation in the wallet.
  • Constant development and implementation of new methods of protection. For example, it is planned to introduce the Multi-sig. Multi-signature-protected wallets are the most secure at the moment.

How to buy ETH online?

You will need a personal wallet address and almost any other electronic payment method. To buy Ether directly, go to the EXBASE exchanger page and choose a convenient exchange direction. You will need to indicate an email for communication, agree with the rules of the exchanger and select the purchase amount. After successfully passing all the steps of the exchange, you will have to wait for the confirmation of the transaction to your wallet by the blockchain network, it rarely takes more than an hour, but the security and irreversibility of the blockchain with transaction records are worth waiting for.

How to send Ethereum?

In the wallet, you need to find Ethereum in the "Portfolio" tab and click the "Send" button under it. A field will appear for entering the recipient's address, a field for entering the transfer amount with a minimum and maximum for sending from your account, including commission - you need to insert the recipient's address, which you should have by that time, be sure to check its correctness, enter the sending amount and click “Send ”. After that, you may need to enter masterpassword, if this protection method has been activated, and confirm sending via email. Done! Ether has been sent!

As soon as a transaction is written to a block of the blockchain, it is impossible to delete, retrieve, and even more so to rewrite it. Therefore, it is impossible to return the units of ether sent to the wrong address in all cases except for the goodwill of the owner of the wallet to which the funds were mistakenly sent. And given the fact that Ethereum addresses often try not to associate in the information field with the identity of the owner and to hide the anonymity of the "public" wallet key, it seems almost impossible to return the erroneous sending. Always carefully check all the details when working with cryptocurrency, try to refrain from entering addresses manually instead of copying, and the chances of error will decrease.

How to receive ether?

To get ether, it is enough to have a cryptocurrency wallet with Ethereum support. You can find out your wallet address in the “Portfolio” tab by clicking “Get” under Ethereum. A window will appear with a warning about the incompatibility of blockchains and the inadmissibility of sending cryptocurrency, sending one cryptocurrency to the address of another, and then the address itself with a QR code for convenience.

Smart contracts

Although the creation of smart contracts requires deep knowledge and functionality that is redundant for an ordinary user, participation in Ethereum smart contracts is possible from any wallet of this blockchain, but not all wallets support ERC-20 tokens, which are often linked. So, the EXBASE wallet allows you to participate in smart contracts, but not to store tokens.

Buy and sell ETH on the run (soon)

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(!) Any investment in cryptocurrency, including the purchase of ETH using Exbase cryptocurrency wallet, is associated with high market risks of asset price fluctuations. Exbase provides its customers with easy and multifunctional tools for cryptocurrency operations and makes every effort to properly inform our customers about cryptocurrencies and investments in them, but Exbase does not bear any responsibility for the investment results that may result from the actions of our clients! This page and any information on it does not imply any recommendations on the acquisition of any cryptocurrency or the performance of any other investment decisions based on it.