4 min read
What is Ethereum, and how is ETH different from the tokens on it?
Ethereum is a blockchain;
ETH is its own coin. Every transaction on the network costs a fee called gas, paid in
ETH, and ERC20 tokens such as
USDT ERC20 run on top of it.
That matters when you exchange. One address can hold ETH and tokens side by side, yet they are separate assets with separate directions and rates. To sell the coin itself, pick an
ETH direction rather than the dollar stablecoin —
USDT on the ERC20 network has its own page.
The block above shows the current Privat24 price of
ETH; the
Ethereum to hryvnia rate page has more.
What does an Ethereum address look like, and who pays the network fee?
An Ethereum address starts with «0x», and the sender pays gas in
ETH from the wallet making the transfer. Gas depends on how busy the network is, so check the amount your wallet quotes before you confirm.
The «0x» format is shared with other networks, so the address alone cannot tell you where a transfer will land.
| Asset | Network | Address starts with | Fee paid in |
|---|---|---|---|
| «0x» | |||
| «0x» | |||
| «0x» |
All three rows look identical at the address level, so the network name in the order and in your wallet is what you match. If that wallet also holds tokens, keep some ETH there: moving a token costs gas in the network's coin too.
A «0x» address never tells you the network. The network named in the exchanger's order is the only thing to match a transfer against.
How do you sell Ethereum for hryvnias through an exchanger?
Choose an «Ethereum → your bank» direction, create an order on the exchanger's site, send
ETH to the order's address and wait for network confirmations; the exchanger then pays hryvnias to the card or account you entered.
The flow is much the same at every exchanger:
- Find your bank in the «Sell
Ethereum» block above or open a direction page such as
Ethereum to
Privat24 or
ETH to
Monobank.
- Enter your amount and see how many hryvnias each exchanger pays.
- Go to the exchanger you picked and create an order with your card number.
- Send
ETH to the address the order shows, on the
Ethereum network only.
- Wait for the required confirmations; the exchanger credits the transfer and sends the payout.
No separate direction for your bank? Try ETH to a UAH card, which covers hryvnia cards of Ukrainian banks.
Oschadbank customers can go straight to selling ETH to
Oschadbank.
Buying runs the other way: you pay by card or bank transfer and the exchanger sends ETH to the address you entered, so check it against your wallet before paying.
What should you check so you don't lose Ethereum in an exchange?
Network and address are what count: send ETH on
Ethereum only, to the address from the current order. Tokens are less forgiving still —
USDT sent on the wrong network can be lost or stuck waiting for a manual recovery the exchanger does not guarantee.
Run through these points before you hit send:
- the order names
Ethereum, not
BNB Smart Chain or another «0x» network;
- the address is copied from the order in full, and the first and last characters match;
- your wallet holds enough
ETH for both the amount and the gas;
- whether the rate is fixed or floating, which is the exchanger's term;
- any AML/KYC or card check the exchanger requires, and whether the cardholder name must match yours.
If anything is unclear, ask the exchanger's support before the transfer, not after.
How do you choose an Ethereum offer on OnExchanger?
Compare what you receive for your amount of ETH, not just the rate. Each direction page lists the rate, amount to receive, limits and reserve for every exchanger.
OnExchanger.com is an exchanger monitor: it pulls rates from exchangers' public XML rate files, shows only fresh offers and sends you to the exchanger you choose. It holds no funds and runs no exchanges — the order and payout are the exchanger's. We may earn a partner commission when you follow a link; you pay the exchanger's rate with nothing added on top.
Then check that your amount fits the limits and the reserve covers the payout. The «Exchangers that accept Ethereum» block shows how many
ETH directions each service runs; for the general cash-out steps, see our guide on withdrawing crypto to a Ukrainian bank card.
FAQ
Nearly. Ethereum is the network and
ETH is the ticker of its coin, so «selling
Ethereum» means selling
ETH.