Ethereum (ETH) FAQs

Modified on Fri, Aug 1 at 2:59 PM

What is Ethereum?
Ethereum is an open-source blockchain for building and running decentralized apps. It’s the second-largest cryptocurrency after Bitcoin and settles transactions for ERC-20 tokens like USDT and USDC. Now operating on a proof-of-stake model, Ethereum lets anyone create a wallet and access or develop apps without relying on a central authority.

How to convert Ethereum on Paxful?
All users can convert Ethereum with a verified email address and phone number. For a full list of the verification status needed for Ethereum transactions, please visit this article.

For more information about Ethereum conversion, visit Converting Ethereum FAQs.

What are the fees for converting Ethereum?

As of writing, Ethereum transactions are priced dynamically based on network congestion and include a standard Paxful wallet fee. The expected fee will be displayed immediately before your external transfer.

Can my Ethereum transaction be cancelled or reversed?

Like Bitcoin transactions, Ethereum transactions cannot be cancelled or reversed. For more information, check out this article.

What is the minimum amount of Ethereum I can convert?

ETH to BTC: 0.0001 BTC equivalent
ETH to USDT: 5 USDT

How do I get my Ethereum wallet receiving address?

Head to the Wallet tab and click Receive in the Ethereum section. From there, you can accept Ethereum from your own or anyone else’s account.

How to trade ETH on Paxful?

Just like Bitcoin, you can buy or sell Ethereum (ETH) on the peer-to-peer marketplace. On Paxful, choose your payment method, currency, and amount—then hit search to view matching offers. With over 400 payment options, trading is simple and flexible.

If you need any assistance from our Support team, do not hesitate to contact us. Check out this article on How to Contact Support.