Ethereum price in INR.

What is Ethereum?

A blockchain that runs smart contracts: programs that power DeFi, stablecoins, NFTs and layer 2 networks like Base and Arbitrum. ETH pays for transactions and can be staked.

What it’s used for

• Paying gas fees on Ethereum and many layer 2s
• Staking to help secure the network

Key risks

• Price volatility
• Smart-contract and staking risks

How Indians usually buy Ethereum

1. Pick an exchange registered with FIU-IND. Compare exchanges.
2. Complete KYC with your PAN and Aadhaar.
3. Add rupees by bank transfer or UPI, where the exchange supports it.
4. Buy ETH, then decide whether to keep it on the exchange or move it to a wallet you control.

Indefi doesn’t recommend buying any coin. Only invest what you can afford to lose.

ETH and Indian tax

Staking rewards are generally income when received, and gains on sale are taxed at 30% plus cess. Calculate your tax.

Read next

• Staking and DeFi tax
• Set up MetaMask