How to buy Ethereum (ETH)?

Buy Ethereum on Bielik, a Polish crypto platform. Simple and transparent – with low fees and instant execution.

Ethereum
ETH
CategoryLayer 1
ConsensusProof-of-Stake
Powered by BitGo
Network type
Layer 1 blockchain
Consensus mechanism
Proof-of-Stake (since 2022)
Smart contracts
Ethereum Virtual Machine (EVM)
Slot time
12 seconds
Maximum supply
No cap
Fee burning
Yes (EIP-1559)
Basics

What is Ethereum (ETH)?

Ethereum is a decentralised public blockchain that runs smart contracts and decentralised applications (dApps). Programs run in the Ethereum Virtual Machine (EVM), and protocol changes are coordinated through Ethereum Improvement Proposals (EIPs).

Since The Merge in September 2022 the network has run on Proof-of-Stake. Validators who have locked at least 32 ETH propose and confirm blocks. Blocks are produced in 12-second slots grouped into epochs of 32 slots, and finality is usually reached after about 12.8 minutes.

Second-layer networks (rollups) have grown around Ethereum: they process transactions off the main network and publish data to it. Since the Dencun upgrade (2024) they use cheaper blob data.

Use cases

What is the ETH token used for?

Gas fees

ETH pays for transactions and smart contract execution. Fees are measured in units called gas.

Staking

ETH is the asset staked by validators, who secure the network and receive rewards issued by the protocol.

Application ecosystem

ETH can be sent between users and used as collateral in applications running on Ethereum.

Holder rights

ETH does not grant ownership, profit participation or claims against any entity.

Tokenomics

ETH supply

Ethereum has no fixed maximum supply. New ETH goes to validators as rewards, while part of every transaction fee (the base fee, under EIP-1559) is permanently burned.

Issuancevalidator rewards
−
BurningEIP-1559 fees
=
Supply changeup or down

Depending on network activity, ETH supply can rise or fall. According to the white paper, it stood at 120,685,456 ETH on 27 May 2026.

Founders

Who created Ethereum?

Ethereum was proposed in 2013 by Vitalik Buterin – first as an extension of Bitcoin’s capabilities, and later as a standalone platform with a complete virtual machine. The technical specification (Yellow Paper) was written by Gavin Wood.

No single entity runs the network, and the MiCA white paper does not identify an issuer in a formal sense. Development is supported by Stiftung Ethereum (Ethereum Foundation), based in Zug, Switzerland, among others, and protocol changes are made in cooperation between independent developer teams.

History

History of Ethereum

27 November 2013

Vitalik Buterin circulates the Ethereum white paper.

30 July 2015

Mainnet launch (Frontier).

July 2016

After the attack on The DAO, a hard fork splits the network into Ethereum and Ethereum Classic.

1 December 2020

Beacon Chain launch.

2021

London upgrade and introduction of fee burning (EIP-1559).

15 September 2022

The Merge – the switch from Proof-of-Work to Proof-of-Stake.

13 March 2024

The Dencun upgrade cuts data costs for rollups.

2025

Pectra (May) and Fusaka (December) upgrades.

Bielik

Buy ETH in 3 steps

1

Create an account

All you need is an account to check the price and buy ETH.

2

Top up your wallet

Use the available payment methods and follow the price of ETH and other cryptocurrencies in real time.

3

Invest

Buy ETH and other cryptocurrencies with low transaction fees and instant execution.

Available payment methods

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Mobile payments

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FAQ

Frequently asked questions

How much does Ethereum (ETH) cost?

Check the current ETH price in the Bielik app.

How do I pay for ETH?

You can currently top up your account by bank transfer. Card payments (Visa, Mastercard) as well as BLIK, Apple Pay and Google Pay are coming soon.

Where can I find the Ethereum white paper?

You can find the link to the MiCA white paper on the website of our partner BitGo, which lists white papers from the ESMA register. The document was prepared by Crypto Risk Metrics GmbH – look for “Crypto Risk Metrics GmbH” on the list. Go to the white paper list

What is gas?

Gas is the unit that measures the work needed to execute a transaction or smart contract on Ethereum. Gas fees are paid in ETH.

Have questions?

Our team will be happy to help you buy ETH and other cryptocurrencies.

The information on this page is based on the MiCA white paper for Ethereum (Crypto Risk Metrics GmbH, 2026), available via the BitGo white paper list. This content is for information purposes only and does not constitute investment advice.