Do you need a wallet to use Ethereum?

Wallets give access to your funds and Ethereum applications. Only you should have access to your wallet. What's an Ethereum wallet? Ethereum wallets are applications that let you interact with your Ethereum account. Think of it like an internet banking app – without the bank.

What is Ethereum (ETH) & how does it work?

Ethereum has a native cryptocurrency called ether (ETH). It is purely digital, and you can send it to anyone anywhere in the world instantly. The supply of ETH isn’t controlled by any government or company - it is decentralized and completely transparent. New coins (also commonly called tokens) are issued only to stakers who secure the network.

Are Ethereum services free?

Ethereum services are open by default – you just need a wallet. These are free and easy to set up, controlled by you, and work without any personal info. You can build a bank run by logic you've programmed. You can create tokens that you can transfer and use across applications.

Does Ethereum have a cryptocurrency?

Ethereum has its own cryptocurrency, Ether, which is used to pay for certain activities on the Ethereum network. Still confused? Let's explain everything step-by-step. What is a cryptocurrency? Crypto (short for cryptocurrency) is a new form of digital money powered by cryptography. It all started in 2008 with Bitcoin.