How to Buy, Sell and Trade Ethereum (ETH) on Obiex
What is Ethereum?
Ethereum is the system used to run ecentralised applications worldwide. Note, however, that Ethereum is not a currency but a platform. Ether is the currency of Ethereum. When people talk about the price of Ethereum, they are actually referring to the price of Ether.
What is Ethereum?
Ethereum or ETH is an open-source blockchain based platform that supports smart contracts.
Josephine Inika
Ethereum Market Cap and Price
Ethereum has a current market capitalisation of $211B and a circulating supply of 120,226,966.54 ETH. Unlike Bitcoin, which has a limited total supply, ETH has an infinite maximum supply.
The current price of ETH is $1,751
How to Buy ETH on Obiex Using Naira
- Log in to your Obiex account using your registered email address and password. If you don’t have an obiex account, click here to create one in less than 2 minutes.
- Select the “Buy/Sell” button in the top middle of your screen (for mobile app) or the Top right corner of your screen (for Web).
- Tap and select NGNX from the "from" coin list.
- Select ETH from the "select coin" list.
- Enter the amount of naira you want to buy ETH with.
- Tap “Get Quote” to see the exchange rate and amount of ETH you’re buying.
- Tap “swap” to confirm the transaction.
- You now have ETH in your Obiex Wallet.
How to Deposit NGNX on Obiex from your local Bank. | Obiex Finance Help Center
On Obiex, you can deposit Naira from your local bank account and exchange it for other coins. Follow these steps to do this.
How to Swap ETH to Naira on Obiex
- Log in to your Obiex account using your registered email address and password.
- Select “Wallet” and tap ETH, then select Swap.
- Select NGNX from the "select coin" list.
- Enter the amount of naira you want to swap ETH to.
- Tap “Get Quote” to see the exchange rate and amount of Naira you’re swapping.
- Tap “swap” to confirm the transaction.
- You now have Naira in your Obiex Wallet.
How to withdraw NGNX from Obiex to your local bank account. | Obiex Finance Help Center
NGNX is tied to the value of the Nigerian currency; Naira, and it can be sent directly from your Obiex Wallet to any Nigerian bank account.
How to Deposit ETH on Obiex
- Log in to your Obiex account using your registered email address and password.
- Select the “Deposit” button on the top left of your screen (for mobile app) or the Top right corner of your screen (for Web).
- Select ETH from the list of crypto assets.
- Select a network deposit address. Obiex supports Ethereum (ERC20) and BSC(BEP20) deposit networks.
- Scan the code to deposit ETH, or copy the wallet address to make your deposit.
- You will receive a notification once the ETH is successfully deposited in your wallet.
How to Withdraw Ethereum on Obiex
- Log in to your Obiex account using your registered email address and password.
- Select the “Withdraw” button on the top second left of your screen (for mobile app) or the Top right corner of your screen (for Web).
- Select ETH from the list of crypto assets.
- Choose from the three withdrawal methods: Send to Obiex user, Send to multiple users or Withdraw to an external wallet.
- If you choose to send to an Obiex user, type in their username, ETH amount, and the reason for transfer (this is optional) and tap send to the user.
- If you choose to send to multiple Obiex users, type in their usernames and the ETH amount for each user and tap send.
- If you select withdraw to an external wallet, paste the wallet address or select a wallet address from your saved address list.
- Choose the network (ERC20, BEP20 or ARBITRUM) you want to use, type the amount of ETH you want to send, and the reason for the transfer (this is optional).
- Tap withdraw, and your transaction is now complete.
How To Swap ETH to Other Cryptocurrencies on Obiex
- Log in to your Obiex account using your registered email address and password.
- Tap the swap button at the bottom middle of your screen.
- Select ETH from the "from" coin list.
- Select BTC, USDT, ETH, USD, USDC, or BUSD from the "select coin" list.
- Select and confirm the coin amount you want to exchange.
- The swapped amount of the selected coin is now in your wallet.
How To Swap Other Cryptocurrencies To ETH on Obiex
- Log in to your Obiex account using your registered email address and password.
- Tap the swap button at the bottom middle of your screen.
- Select BTC, USDT, BNB, BCH, LTC, SOL or any other crypto from the "from" coin list.
- Select ETH from the "select coin" list.
- Select and confirm the coin amount you want to exchange.
- The swapped amount of ETH is now in your obiex ETH wallet.
