Ethereum to Australian dollar exchange rate

Find the best ETH/AUD exchange rate for 18 Jun 2021.

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= $ 3110.1752

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Historical Rate chart of ETH and AUD

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Updated: 17 Jun 2021 20:55:34 UTC
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Ethereum was first proposed in 2013 by programmer and writer Vitalik Buterin. To fund development costs, a crowdsale was hosted during a two-month period in 2014 in which the digital currency “Ether” was allocated to user wallets in exchange for a monetary contribution.

It was the first example of an ICO, or initial coin offering, and is a word play on the term initial public offering. The Ethereum platform went live in July 2015 with a 13% pre-mine, allowing the public to mine the remaining 87% of all tokens.

According to CoinMarketCap, the value of Ether saw a 662% price increase in 2016 and a 13,000% price increase in 2017.

Ethereum’s platform allows for the initiation of smart contracts. Smart contracts can now be developed and modified through Ethereum’s inclusive Solidity programming language, which is most similar to the JavaScript scripting language. Through these smart contracts, companies can distribute tokens for participation in crowdsales. According to Bitcoinist, the market for these crowdsales surpassed $1 billion in market capitalisation by the end of 2017. This is in comparison to the $10 million in market capitalisation at the start of the year.

The creation of smart contracts on Ethereum’s platform also allows for inclusive virtual escrow systems.

Historical pricing of Ethereum

Past performance does not guarantee future growth. For example, just because Ether showed an exponential price increase over the past two years does not guarantee the pattern will repeat.

Ethereum is a cryptocurrency that is subject to volatility. Digital currencies are complex and speculative in nature. Factors such as regulation and government involvement will have effects on Ethereum’s price. After Litecoin founder, Charlie Lee, confirmed rumours of China placing bans on crypto exchanges, Ethereum’s price decreased from AUD$490 to AUD$267 from September 14-17.

After the Public Bank of China’s official ban on cryptocurrency exchanges on September 28, Ethereum entered a bearish phase. It would take nearly 70 days, until 22 Nov 2017, for Ethereum to regain its previously attained value of AUD$490. The prices were according to CoinGecko and correlated to Charlie Lee’s published tweets.

Similar to bitcoin, there will only ever be a certain amount of Ether produced. At most, there will only ever be 97.06 million Ether in circulation.

Prices are affected by supply and demand. As demand for the crypto increases, the price will increase as well.

However, unlike traditional assets such as stocks, Ethereum has currency value in addition to technological utility (smart contracts), giving it two possibilities for price increase.

Things to consider before buying Ethereum

Ethereum’s price increase will depend entirely on the demand for it in the future. Ethereum’s blockchain is widely used to distribute new cryptocurrencies, which many people consider to be a promising factor. Speculators believe businesses will stop looking towards traditional crowdfunding and rather shift towards ICO methods in the near future.

Many startups have shifted their platform to Ethereum and its smart contracts in order to allow a safer, and more profitable, ecosystem for their applications.

On 18 Oct 2017, J.P. Morgan revealed that a permissioned ledger titled Quorum is in development and is being built off the Ethereum blockchain. The purpose of the ledger is to accelerate processing and payment times in addition to ensuring immutable, safe transactions. In our opinion, public adoption is essential for price increase; therefore, a major banking system such as J.P. Morgan showing increased interest indicates a promising future for Ether’s price.

Adoption by the public

2016

Solidity marked the first time a team allowed programmers and developers to integrate a blockchain into their systems and applications. They named the process “Decentralising your application” and then named these newly formed apps dapps.

Ethereum was the second currency added to the most popular US crypto exchange, Coinbase, reaching a partnership on 21 July 2016. This allowed new users to test out Ether with just a debit or credit card.

2017

On 17 Oct 2017, the Ethereum blockchain executed a hard fork in order to establish faster block confirmation times. The fork was named Byzantium. This was following bitcoin’s August hard fork which created Bitcoin Cash.

The team states their core beliefs in the following excerpt from the Ethereum website:

“The Ethereum Foundation’s mission is to promote and support Ethereum platform and base layer research, development and education to bring decentralised protocols and tools to the world that empower developers to produce next generation decentralised applications (dapps), and together build a more globally accessible, more free and more trustworthy Internet.”

Cryptokitties, the world’s first blockchain game, was launched in early December 2017 on the Ethereum blockchain. The game involves the breeding, buying, selling and nurturing of virtual kittens. These kittens could then be sold from the blockchain in exchange for Ether. The launch of Cryptokitties was so successful the Ethereum network became congested and sometimes unusable for days at a time. The influx of users created network delays and transaction errors. Although the congestion was viewed by some as negative and unstable, we believe it demonstrates the high demand for such a platform. Some virtual kittens have reportedly been sold for over $240,000, and at the time of writing, some have even been bid on for higher amounts.

In March 2017, a group of collective blockchain companies, Fortune 500 companies and banking affiliates joined together to start the Ethereum Enterprise Alliance. The alliance has the goal of implementing the Ethereum blockchain to instigate easier, faster and seamless technological usage. J.P. Morgan, Microsoft and UBS are among some companies partnered in the alliance.

Stay tuned to see what’s on Ethereum’s roadmap for 2018.

Compare cryptocurrency wallets

Name Product Wallet Type Supported Cryptocurrencies Price (USD) Disclaimer
Ledger Nano X Wallet
Hardware wallet
BTC, ETH, XRP, BCH, ADA, LTC, BNB, EOS, XTZ, XLM & 1,350+ more
$119
The Ledger Nano X comes with added Bluetooth functionality, more memory and a higher quality screen than its big brother, the Nano S.
Ledger Nano S Wallet
Hardware wallet
BTC, XRP, ETH, BCH, EOS, XLM, LTC, TRX, ADA, MIOTA & 1,330+ more
$59
Securely store some of the world's leading cryptocurrencies on the Ledger Nano S hardware wallet.
KeepKey Wallet
Hardware wallet
BTC, BCH , DASH, DOGE, ETH, LTC, NMC
$49
Protect your digital assets from hackers with the virus- and malware-proof KeepKey hardware wallet.
Atomic Wallet
Desktop wallet
BTC, LTC, ETH, TRX, DGB, QTUM, XLM, ZEC, XRP, BCH and 150+ more
Free download
Store, buy and sell 130+ cryptocurrencies using Atomic Wallet's in-built atomic swap exchange.
TREZOR One Wallet
Hardware wallet
BTC, ETH, BCH, LTC, LINK, XLM, HT, USDC, DASH & 1280+ more
$59.90
TREZOR hardware wallet is a secure way to keep your cryptocurrency safe from hackers and malware.
TREZOR Model T Wallet
Hardware wallet
BTC, ETH, XRP, USDT, BCH, LTC, EOS, XTZ, LINK, XLM & 1380+ more
$179
The next generation of hardware wallet from TREZOR, the Model T includes a host of new features including a touchscreen and improved processing.
Sugi Wallet
Hardware wallet
BTC, ETH, LTC, XRP, BCH, ERC20
$72
A NFC cryptocurrency wallet card with a mobile app that supports major cryptos and select ERC20 tokens.
MetaMask Wallet
MetaMask Wallet
Mobile wallet,Web browser wallet
ETH
Free download
A popular Ethereum wallet, MetaMask provides private key protection for sending and storing Ether.
LoafWallet
LoafWallet
Mobile wallet
LTC
Free download
Developed by the creators of Litecoin, LoafWallet allows you to securely store Litecoin on iOS and Android.
LiteVault Wallet
LiteVault Wallet
Web browser wallet
LTC
Free download
Store, send and receive LTC via the open source, web-based LiteVault wallet.
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Where to buy, sell and exchange cryptocurrency

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Swyftx Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID
AUD

270
cryptocurrencies

Buy and sell a wide range of cryptocurrencies at competitive rates on this Australian exchange.
CoinSpot Cryptocurrency Exchange
Bank transfer, BPAY, Cash, Cryptocurrency, POLi, PayID
AUD

297
cryptocurrencies

CoinSpot is an Australian exchange that lets you easily buy, sell and trade more than 250 cryptos.
Binance Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card, Osko, PayID
USD, AUD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH & 40+ more

262
cryptocurrencies

Binance is the world’s largest exchange by trading volume. Get started with instant zero fee AUD deposits and withdrawals in Australia, and enjoy low trading fees, a wide selection of cryptocurrencies and 24/7 local customer support.
CoinJar Cryptocurrency Exchange
Cash, Credit card, Cryptocurrency, Debit card, Bank Transfer (PayID/Osko/BPAY)
AUD, GBP

24
cryptocurrencies

CoinJar offers a simple way to buy, sell, or trade cryptocurrency with AUD. Enjoy free and instant deposits, fees start from 0.05% and withdrawals are free to your bank account
Cointree Cryptocurrency Exchange
Cash, Cryptocurrency, POLi, PayID, Online banking
AUD

158
cryptocurrencies

Finder Exclusive: New members get $10 bonus after first trade. T&Cs apply.
Buy 150+ cryptocurrencies with fast-growth portfolio insights, and the ability to swap any coin to any other instantly.
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