Ethereum Price - ETH/NZD : $5,626.66

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Order book ETH / NZD

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ETH: NZD 5,659.44
Nzd
Nzd
Eth
Eth
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ETH: NZD 5,618.95
Eth
Eth
Nzd
Nzd
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What is Ethereum (ETH)?

Ethereum is a distributed, open-source software platform that runs on decentralised blockchain. It is made for scalability, security, and sustainability. Ethereum is commonly referred to as a “world computer” and is essentially “programmable money”.

The native currency of the Ethereum blockchain is Ether (ETH), which is used as a utility token to pay gas fees when processing transactions on the network. As a digital asset, ETH has real-world value and is used as a form of payment. Ethereum (ETH) is the second-largest cryptocurrency by market capitalisation and is the most widely used blockchain in the world.

Ethereum is a game-changer. The most powerful characteristic of Ethereum is that it supports smart contracts. Ethereum’s founders had a simple dream: to develop a platform where anyone can build and launch their own decentralised applications (dApps). Developers can create dApps on Ethereum and deploy smart contracts to run them. Smart contracts are digital contracts that control value and represent the transfer of ownership of assets over the blockchain, like cryptocurrencies and Non-Fungible Tokens (NFTs). Smart contracts are a revolutionary tool that gives Ethereum a real-world use case.

Ethereum’s vision is to create a digital future for the world. Its mission has a noble cause: “grow Ethereum until it's powerful enough to help all of humanity.”

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No commingling of customer funds: we keep client assets completely separate from our own.

1:1 reserves

We maintain a full 1:1 reserve of all client fiat and crypto assets.

We hold the vast majority of crypto assets in secure offline cold storage, protected in underground vaults with maximum security.

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Our books are balanced and we carry no debt on our balance sheet. We engage external auditors to undertake an annual audit of our financial statements in accordance with Australian Accounting Standards. This includes verification of all fiat and crypto balances held in custody on behalf of clients.

Segregated funds

We do not commingle customer funds. We maintain complete segregation of all client assets to ensure that when you need to make a withdrawal you can.

We keep your assets safe. That is our promise.

Sole custodian

Independent Reserve is the sole custodian of all crypto assets held on our platform. Custody is managed in Australia and we do not use any third party custodians.

We adhere to industry best practices and never lend, trade or reinvest your assets.