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Ethereum (ETH)

What is Ethereum?​

Here are five key points about the Ethereum blockchain:

Proposed by Vitalik Buterin in 2013 and launched in 2015, Ethereum introduced smart contracts - programs that execute automatically when set conditions are met.

Ethereum is the foundation for decentralised applications (dApps), enabling trustless financial services, games, DAOs, and more.

Ether (ETH) is the native token, used to pay gas fees, secure the network, and transact on-chain.

The Ethereum Virtual Machine (EVM) allows contracts to run across the network in a standardised way, ensuring global compatibility.

Ethereum is the backbone of DeFi, NFTs, and Web3, with the largest developer and user community in blockchain.

Tip: Learn more by reading our guide: What is the Ethereum blockchain?

Ethereum on Wraith Wallet​

Wraith Wallet fully supports Ethereum. You can:

Buy ETH with debit or credit cards.

Store ETH and ERC20 tokens securely.

Send and receive ETH and ERC20 tokens.

Swap ETH cross-chain to other assets.

Use smart contracts directly from your wallet.

ERC20 tokens on Ethereum​

ERC20 is Ethereum’s most common token standard, used for stablecoins, DeFi tokens, and more.

Any ERC20 token can be added in Wraith Wallet via Manage token list under the Ethereum network filter.

ERC20 tokens are fully compatible with Ethereum dApps, wallets, and decentralised exchanges (DEXs).

Receiving ETH and ERC20 tokens​

Tap Receive in Wraith Wallet to get your Ethereum address.

The same address is used for both ETH and all ERC20 tokens.

Example: Adding USDT-ERC20 shows the same Ethereum address as your ETH account.

Sending ETH and ERC20 tokens​

Tap Send in Wraith Wallet.

Enter the recipient’s Ethereum address or scan their QR code.

Input the amount of ETH or token.

Ensure you have ETH for gas fees.

Adjust gas fees if required, then confirm.

Transaction fees on Ethereum​

All Ethereum transactions require gas fees, paid in ETH.

Gas fees vary based on demand and the complexity of the transaction.

Swaps or contract interactions require more gas than a simple transfer.

Check live fees at Ethereum Gas Tracker.

Checking balances​

Tap the three dots in Wraith Wallet and select View address on Etherscan.

Etherscan is the default Ethereum explorer.

Key points for using Ethereum on Wraith Wallet​

No limits on receiving ETH or ERC20 tokens.

Always double-check addresses before sending.

Receiving is free, but senders must cover gas.

Sending and swapping require ETH for gas.

ERC20 tokens are added through the token list in the app.

Why use Wraith Wallet for Ethereum?​

User-friendly: Easily manage ETH and ERC20 tokens.

Secure: Self-custody design ensures you control your private keys, with encryption and biometric protection.

Reliable: Frequent updates to optimise gas handling and contract interactions.

Conclusion Ethereum (ETH) is the leading smart contract platform and a cornerstone of Web3. With Wraith Wallet, you can securely send, receive, swap, and interact with ERC20 tokens and dApps across the Ethereum ecosystem.

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