HiveEx.com is an over-the-counter (OTC) cryptocurrency platform specialising in high-volume trades.
Trade between $50,000 and $100m for a fixed price
Tap into HiveEx.com’s global network of high liquidity trading partners
Access competitive rates compared to traditional exchange trading
Receive your coins in your wallet fast, with same day settlement options
As an AUSTRAC registered company, HiveEx.com is fully compliant with industry-standard AML and CTF obligations
Ethereum vs Ether: What’s the difference?
Ether is the native token of Ethereum, a smart contracts platform which developers can use to build and deploy decentralised applications. However, despite this fact, it’s quite common to see the platform’s currency also referred to as Ethereum across crypto exchanges and online.
If you're new to the world of cryptocurrency, you'll most likely find that buying ETH direct with Australian dollars is the easiest option. However, we've also included instructions on how to buy ETH using another cryptocurrency (in this case bitcoin) if that is your preferred approach.
Buying Ether with AUD
There are several exchanges that allow you to buy Ether with Australian dollars, so make sure you compare the features and fees of a range of platforms before deciding which one you'd like to use.
Visit the CoinSpot website and click on the "Register" button in the top right corner of the page. You can then sign up for an account by providing:
Your email address
Your phone number
Proof of ID
Proof of residency
A photo of yourself holding a signed statement
Make sure you enable 2-factor authentication on your account before moving on to step 2.
Step 2. Deposit AUD into your account
When logged in to your Coinspot account, click on the "Deposit AUD" link visible from the account dashboard. There are three ways to make a deposit:
Online via POLi Payments
Online using BPAY
In person by making a cash deposit at a participating newsagent
For the quickest option, select POLi Payments and follow the prompts.
Step 3. Buy Ether
Once the funds have arrived in your account, click the "Buy/Sell" tab at the top of the screen and select "Ethereum" from the list of currencies. Next, click the "Buy Ethereum" link and then specify either the amount of ETH you want to buy or the amount of AUD you'd like to spend.
Make sure you double-check the details and total cost of your transaction before clicking "Buy".
If you want to exchange another cryptocurrency for ETH, there are myriad exchanges that allow you to do so. Make sure you compare the features and fees of a range of platforms before deciding which one you'd like to use.
To provide a clear example of exactly how to buy ETH with another cryptocurrency, let's look at how to complete this transaction on Binance.
Step 1. Buy BTC
While Ether can be purchased using a number of popular cryptocurrencies, bitcoin is the easiest to acquire and trade.
If you already have some BTC, skip ahead to step 2. If you don't, you can find step-by-step instructions on how to acquire some in our guide to buying bitcoin.
Step 2. Register for a Binance account
Navigate to the Binance website and click the "Register" link at the top right of screen. You can then sign up for an account by entering your email address and creating a password. Remember to activate 2-factor authentication before proceeding to step 3.
In addition, please be aware that if you want a higher account withdrawal limit than 2 BTC, you'll need to provide proof of ID.
Step 3. Deposit BTC into your Binance account
If your bitcoin is already stored on Binance, skip ahead to step 4.
However, if your BTC is stored on another exchange or in a bitcoin wallet, you'll need to find the address of your Binance wallet so you can transfer the BTC into your trading account.
To do this, you'll need to log in to your Binance account, click the "Funds" drop-down menu and then select "Deposits". Choose bitcoin from the list of supported currencies and copy the wallet address or scan the QR code provided.
This is the destination address you must use to send a BTC deposit to Binance from your private wallet.
Step 4. Buy Ether
Now it's time to click the "Exchange" tab near the top left of screen and choose the "Basic" trading view. Use the search box provided to find the BTC/ETH trading pair and then choose a limit, market or stop-limit order.
Enter the amount of Ether you want to purchase, but remember to review all the details of the transaction before clicking "Buy ETH".
How to sell Ether
If you want to sell your ETH tokens, the good news is that they can be exchanged for an extensive range of digital and fiat currencies on many different exchanges.
The selling process is similar to the buying process outlined above in step 4, except for the key difference that you'll need to enter your transaction details in the "Sell" field.
While some people choose to store their crypto tokens in their exchange account, this is not recommended. As exchanges are regular targets for hackers and thieves, it's generally considered a much safer option to move your ETH tokens into a wallet which allows you to retain full control of your private keys.
Happily, there are heaps of choices available when searching for an Ethereum wallet. Options you might like to consider include:
Launched in 2015, Ethereum is an open-source blockchain platform which developers can use to build and run decentralised applications (dapps). Its key feature is that it allows developers to create smart contracts, which are self-executing contracts that automatically complete tasks when specific conditions are met. As an example, a basic smart contract could say, "pay John $50 if he emails me a 10-page report on pet obesity by 30 November 2018".
These smart contracts are executed by the Ethereum Virtual Machine (EVM), which is powered by a decentralised international network of nodes. In the real world, Ethereum can be used to power dapps and smart contracts across a diverse range of industries, including everything from finance and insurance to supply chain management, betting and file storage.
Ether is the native cryptocurrency of the Ethereum network. It is used by developers to pay for transaction fees and services on Ethereum, and can also be traded on a wide range of crypto exchanges.
Cryptocurrencies are complicated and volatile assets, and buying any digital coin or token comes with a high level of risk attached. Before you buy, make sure you do plenty of research and that you recognise those factors that could potentially drive the price of a crypto asset either up or down
If you're thinking of buying Ether, consider the following factors first:
Supply. According to CoinMarketCap, at time of writing (October 2018) the circulating supply of ETH was 102,883,734. Unlike bitcoin, Ether does not have a maximum supply cap limit but instead an annual issuance capped at 18,000,000 ETH per year. Find out more in our guide to the ETH inflation rate.
Move to proof-of-stake. Though it started life as a proof-of-work cryptocurrency, Ethereum will soon be shifting to a proof-of-stake system as part of the Casper update. Designed to improve scalability and tackle centralisation, Casper's success (or otherwise) will have a big impact on the future of Ethereum.
Market leader. As it stands, Ethereum has the biggest profile of all the dapps platforms currently in existence. Thanks to its early-mover advantage, Ether is the world's second largest digital currency in terms of market cap and the Ethereum platform is synonymous with the development of dapps.
Competition. However, Ethereum is also operating in an increasingly competitive market sector. NEO, Lisk, EOS and Cardano are just some of the dapp platforms that look set to compete with Ethereum in the future.
Enterprise Ethereum Alliance (EEA). The EEA is a non-profit corporation that aims to accelerate the adoption of Ethereum's blockchain technology by businesses. If it can successfully drive increased use of Ethereum, this could potentially lead to increased demand for ETH.
Yes. There is a limited number of exchange platforms that list ETH in trading pairs and also accept AUD cash deposits. For example, CoinSpot allows you to deposit cash at participating newsagents using the blueshyft system, while Cointree customers can make cash deposits at selected bank branches around Australia.
Yes. Sites like Coinbase and Bitit allow you to buy ETH using your credit card.
Yes. There are several crypto exchanges that list ETH and allow you to deposit AUD from an Australian bank account. Some popular sites you may like to consider include:
Yes, if you're an Australian customer, you can buy Ether on Coinbase with a credit or debit card.
The tightening of Know Your Customer and Anti-Money Laundering (KYC/AML) laws in Australia and other countries around the world means it's increasingly difficult to acquire cryptocurrency without providing ID. However, you may be able to trade ETH on a decentralised exchange that doesn't require customers to provide any personal details, or by using a peer-to-peer marketplace like Localethereum.
Disclaimer: 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.
Disclosure: At the time of writing the author holds ADA, ICX, IOTA and XLM.
Tim Falk is a writer for Finder, writing across a diverse range of topics. Over the course of his 15-year writing career, Tim has reported on everything from travel and personal finance to pets and TV soap operas. When he’s not staring at his computer, you can usually find him exploring the great outdoors.
How likely would you be to recommend finder to a friend or colleague?
Very UnlikelyExtremely Likely
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Important information about this website
finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of major banks, insurers and product issuers.
finder.com.au has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product. You should consider whether the products featured on our site are appropriate for your needs and seek independent advice if you have any questions.
Products marked as 'Promoted' or "Advertisement" are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options and find the best option for you.
The identification of a group of products, as 'Top' or 'Best' is a reflection of user preferences based on current website data. On a regular basis, analytics drive the creation of a list of popular products. Where these products are grouped, they appear in no particular order.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment.
We try to take an open and transparent approach and provide a broad based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.