Convert ETH to KRW
1 ETH = ₩3,004,502.28 Korean Won 1 KRW Korean Won = 0.00000033 ETH
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ETH/KRW Quote
The current value of 1 Ethereum is ₩3,004,502.28KRW. In other words, to buy 5 ETH, you would spend ₩15,022,511.38KRW. Conversely, KRW₩1.000000 can be exchanged for 0.000000333 ETH, and KRW₩50.00 will convert to 0.000017 ETH, excluding platform fees or miner fees.
About Ethereum
What is Ethereum (ETH)?
Ethereum is a decentralized, open source, and distributed computing platform that enables the creation of smart contracts and decentralized applications, also known as dapps.
Smart contracts are computer protocols that facilitate, verify, or enforce the negotiation and performance of some sort of agreement. For instance, a smart contract could be used to represent a legal contract emulating the logic of contractual clauses or a financial contract specifying responsibilities of the counterparts and automated flows of value.
The “ether” or “ETH” cryptocurrency is the backbone of the Ethereum network.
The decentralized network’s smart contracts and transactions are powered by ETH. For the time being, Ether’s market cap ranks above all but one cryptocurrency on the planet.
Many people use Ether, like Bitcoin, as a store of value; it is traded on cryptocurrency exchanges.
In order to validate transactions and finish actions on the Ethereum blockchain, users must pay network costs, also called gas fees. As a token, Ethereum uses ETH to represent these costs.
The quantity of Ether that is staked determines how much Ether is issued. Because Ethereum gets burned with every transaction, the supply is elastic. Bitcoin being burned at a faster rate as its use grows.
It was through EIP-1559 that this ETH elastic supply was introduced. When Ethereum first launched, there were 72 million coins available for purchase. Twelve million were set aside for the Ethereum Foundation’s use, while eighty million were sold to the general public. Approximately 120.5 million Ethereum tokens are in circulation as of April 2023, and there is no cap on the total amount.
How does Ethereum work?
You might have heard that the Bitcoin blockchain is a lot like a bank’s ledger, or even a checkbook. It’s a running tally of every transaction made on the network going back to the very beginning — and the entire network works together to ensure that the tally is accurate and secure.
The Ethereum blockchain, on the other hand, is more like a computer: While it also does the work of documenting and securing transactions, it’s much more flexible than the Bitcoin blockchain. Developers can use the Ethereum blockchain to build a huge variety of tools — everything from logistics management software to games to the entire universe of DeFi applications (which span lending, borrowing, trading, and more).
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Ethereum uses a ‘virtual machine’ to achieve all this, which is like a giant, global computer made up of many individual computers running the Ethereum software. Keeping all of those computers running involves investment in both hardware and electricity by participants. To cover those costs, the network uses its own Bitcoin-like cryptocurrency called Ether (or, more commonly, ETH).
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ETH keeps the whole thing running. You interact with the Ethereum network by using ETH to pay the network to execute smart contracts. As a result, the fees paid in ETH are called “gas.”
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Gas rates vary depending on how busy the network is. A new version of the Ethereum blockchain called Ethereum 2.0, which aims to increase efficiency, was implemented in September 2022.
What is Ethereum 2.0?
Ethereum 2.0, often referred to as ETH2, is a significant upgrade to the Ethereum network. Designed to enable the network to grow while enhancing security, speed and efficiency, it was implemented in September 2022 by merging the original blockchain with the ETH2 blockchain.
Why is Ethereum 2.0 necessary? Migrating a popular cryptocurrency to a new platform is a complex endeavour, but it was necessary for Ethereum to scale and evolve. This is because the ‘proof of work’ method used by the ETH 1.0 blockchain to verify transactions caused bottlenecks and increased fees, as well as consuming substantial resources (particularly electricity).
How to buy Ethereum?
The easiest way to buy Ethereum is through a crypto exchange like BTCC. BTCC makes purchasing Ethereum easy and accessible whether you use fiat currency or crypto. Trusted by over 9.1 million investors across 100 countries, BTCC is dedicated to offering excellent crypto trading service for all trades. If you’re ready to dive in and make your first Ethereum purchase, register with BTCC today.
Exchange Table
ETH to KRW values from Today at
KRW to ETH values from Today at
Ethereum FAQs
How to trade ETH/KRW futures on BTCC Exchange?
Trading ETH/KRW involves speculating on its price movement. Follow these steps to start:
Fund Your Account: Deposit KRW or ETH into your BTCC account.
Navigate to the Market: Go to the "Trade" section and select the ETH/KRW trading pair.
Analyze the Chart: Use our professional trading charts and indicators to inform your decision.
Place Your Trade Order:
To Buy (Go Long): If you think the price will rise, place a buy order.
To Sell (Go Short): If you think the price will fall, open a short position (available in derivatives trading, such as futures).
Set Order Parameters: Choose between Market, Limit, or Stop orders based on your strategy, enter the amount, and confirm the order.
Manage Your Trade: Monitor your open positions and use Stop-Loss/Take-Profit orders to manage risk automatically.
For detailed guides on each order type and risk management, please visit our Help Centre
Can I trade ETH with KRW?
Yes, absolutely. BTCC supports multiple methods to gain exposure to Ethereum(ETH) using KRW, from simple purchases to advanced trading strategies.
You can:
Buy Instantly: Use our "Buy Crypto" feature with a linked debit/credit card or bank transfer to purchase Ethereum directly.
Trade on the Spot Market: Deposit KRW and place a buy order on the ETH/KRW spot trading pair using market or limit orders, taking direct ownership of the ETH.
Trade ETH/KRW Futures: For more advanced strategies, you can trade ETH/KRW perpetual or dated futures contracts. This allows you to speculate on Ethereum's future price movements with leverage, enabling potential profits from both rising and falling markets without needing to hold the underlying asset directly.
How to convert ETH to KRW?
To perform your ETH to KRW conversion on BTCC:
Sign in to your account, or create a new BTCC account if needed.
Go to the trading interface and select the ETH/KRW trading pair.
Input the specific amount of Ethereum you wish to sell.
Verify the displayed exchange rate and your final KRW total.
Confirm and finalize the sell transaction.
Following these steps, your KRW balance will be updated instantly.
What is the correct way to use ETHKRW converter tool?
Our converter tool is designed for quick calculations. Here's how to use it:
Locate the 'Crypto Converter' section on our website or in the app.
Enter the amount of the ETH you want to convert in the first field.
The equivalent value in KRW will be instantly calculated and displayed in the second field, using the latest live market rate.
What is ETH/KRW exchange rate?
The ETH/KRW exchange rate is the current market price at which 1 Ethereum(ETH) can be exchanged for KRW. Put simply, it tells you how many KRW one Ethereum is worth at any given moment.
How much is 1 Ethereum in KRW?
Currently, one Ethereum is ₩3,004,502.28. Due to the 24/7 nature of the global cryptocurrency market, the price of 1 Ethereum (ETH) in KRW is constantly changing. To get the live price, please check the market data section at the top of our platform or visit our ETH to KRW converter.
Global Prices
Popular Cryptocurrencies
Bitcoin
BTC
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₩102,989,944.04
+8.49%
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|
₩3,004,502.28
+7.17%
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₩1,460.93
+0.09%
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+9.67%
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₩0
+0.00%
DOGECOIN X
DOGE
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₩0
+0.00%
SPACE DOGE
DOGE
|
₩0
+2.04%
ELON DOGE
DOGE
|
₩0
+2.29%
SUPER DOGE
DOGE
|
₩1.77
+1.09%
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|
₩0
+10.04%
Dogecoin
DOGE
|
₩0.136317
+7.02%
batcat
BTC
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₩0.019148
+1.94%
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DOGE
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₩0
+0.04%
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₩0.039152
+2.78%
Cardano Inu
ADA
|
₩0.011893
+11.62%
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XRP
|
₩0.069160
-1.31%
Bitcoin X (tokenxoff.xyz)
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|
₩0.252595
+3.55%
Wrapped Solana
SOL
|
₩127,502.19
+12.22%
