What happens to my ETH tokens after the Merge?
Your existing Ethereum (ETH) tokens are transferable to the Ethereum 2 (ETH-2) blockchain. The legacy proof-of-work Ethereum chain will continue alongside the new Ethereum 2 chain initially. You can find your Ethereum tokens (ETH2) under your Ethereum wallet on the platform.
When was the Ethereum Merge date?
There were two separate stages for the merge - the first stage, Bellatrix, which happened on September 6 2022, and the final stage, Paris, which happened on September 15 2022.
How to buy Ethereum in Australia
If you don't own any Ethereum (ETH) and you want to buy some, we recommend doing so through the CoinSpot exchange. It has the lowest trading fees in Australia and offers free/instant AUD deposits via PayID, POLi and Osko. Follow the below steps to get started and buy Ethereum in Australia.
- Sign Up: Create an account on CoinSpot and complete the sign-up process.
- Deposit Funds: Choose one of the following methods - PayID, POLi, BPAY, Osko, Bank Transfer, Credit/Debit card & Cash to deposit Australian dollars to the CoinSpot exchange.
- Buy Ethereum: Click the 'Markets' tab, select the 'ETH/AUD' market, input the amount of AUD you wish to invest, and tap 'Buy ETH'.
Did the price of Ethereum increase after the Merge?
The Ethereum merge cut token issuance and reduce inflation paid out to miners for validating the network. This decrease in supply does add structural flows that benefit ETH and the underlying price. The price of Ethereum did rise 6% in the days following the merge but has since gone below the pre-merge price due to sentiment in the crypto industry decreasing after the FTX incident.
Ethereum Live Price & Chart in AUD
Below you can find the live price and chart of Ethereum in Australian dollars.
The Bottom Line
The Ethereum (ETH) merge was a long-awaited event in the crypto world, and while there is much debate over its long-term impact on price and utility, it could be argued that it will lead to improved network security, scalability, and overall efficiency. If you’re looking to buy Ethereum in Australia, CoinSpot provides one of the best platforms for low-cost trading.