What is Ethereum (ETH)?
Ethereum is the largest and most widely used decentralized software platform that revolutionized the blockchain industry with its smart contract functionality. Since its launch in 2015, Ethereum has become the go-to platform for developers to create decentralized applications (dApps) and issue their own digital tokens. Ether (ETH) is the network’s native token and is the second-largest cryptocurrency by market capitalization.
Ethereum was founded in December 2013 by a team led by Vitalik Buterin, with the goal of enabling the development of secure decentralized applications that can run without any downtime, fraud, control, or interference from a third party. Ethereum's support for smart contracts has disrupted the way developers build and deploy dApps, enabling the creation of complex, autonomous systems that can execute transactions and enforce rules without human intervention. Learn more
ETH can be deposited or withdrawn using any of the following networks:
How to Deposit ETH Into Your Coinmetro Account
For all information on how to deposit ETH into your Coinmetro account, please see the following help center article: How to Deposit ETH.
For ETH deposits on the Ethereum Network
As Coinmetro uses smart contracts for Ethereum and ERC-20 token deposits, the amount of gas required is slightly higher than a typical transfer. To be sure that your transaction is successful, please set the transaction gas limit to 55,000. The fee difference is minimal. If your gas limit is too low, the transaction will simply be rejected by the Ethereum network. There is no risk of loss of assets caused by a too-low gas limit.
If you're depositing from another exchange, it is important to ensure they support sending funds to ETH contracts or using a full ETH wallet as an intermediary.
How to Withdraw ETH From Your Coinmetro Account
For all information on how to withdraw ETH from your Coinmetro account, please see the following help center article: How to Withdraw ETH.
Important Note - To request a withdrawal, your account profile needs to be verified as well as having the funds to cover your withdrawal. The first time a withdrawal is made to a destination, the destination needs to be confirmed via e-mail. If you have 2-Factor Authentication enabled for withdrawals, you will be asked to input the code for each withdrawal, approved or not. We suggest enabling 2-Factor Authentication to protect your account.
Withdrawals waiting for approval can be canceled and the withdrawal status can be found by selecting the Wallet on your Coinmetro Dashboard. Please note that already-approved withdrawals cannot be canceled. If there is no Cancel button visible, this unfortunately means the withdrawal can no longer be canceled, and you will find a transaction ID (TXID) instead. This is a link to the relevant transaction hash on a Blockchain Explorer website where the status can be checked further.