$ETH
🧠 What Is Ethereum (ETH)?
Ethereum is a decentralized, open-source blockchain platform.
ETH (Ether) is the native cryptocurrency used to pay for transactions (aka gas fees) on the Ethereum network.
It supports smart contracts and dApps (decentralized apps) — like NFTs, DeFi apps, and more.
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📌 Ethereum on Binance: What You Can Do
Binance is one of the largest platforms for buying, selling, trading, and staking ETH. Here's how ETH is used on Binance:
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1. ✅ Buy/Sell ETH (Spot Market)
You can trade Ethereum using spot trading pairs like:
ETH/USDT (most popular)
ETH/BNB
This means you're exchanging ETH for stablecoins, Bitcoin, or other assets.
📍 Example:
If you buy ETH/USDT, you're spending USDT to buy ETH.
If you sell ETH/BTC, you're selling ETH to receive BTC.
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2. ⚡ ETH Futures Trading
Binance offers ETH/USDT perpetual futures, where you can:
Use leverage (e.g., 5x, 10x, etc.)
Trade on price movements without owning ETH
Riskier, more advanced — be cautious!
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3. 💰 Staking ETH on Binance
Binance supports ETH staking, especially for Ethereum 2.0 upgrades.
When you stake ETH, you're helping secure the network and earn rewards.
Locked ETH → earns staking APR.
Some staking options are flexible, others are locked.
