Ethereum
ETH · ERC20
Depositing and withdrawing ETH: how gas works, why the fee changes minute to minute, confirmation times, and the difference between ETH and ERC20 tokens.
Address format
Starts with 0x, 42 characters, hexadecimal
Typical fee
Gas, which moves with demand
Typical time
Under a minute with a normal fee
Confirmations
12 or more blocks for most services
How it works on this chain
- Chain
- Ethereum
- Asset type
- Native coin, not a token
- Block time
- 12 seconds
- Fee paid in
- ETH itself
- Same address as ERC20 tokens
- Yes — one address receives both
Depositing, step by step
- 1
Open Receive in BYCRYPTO and select ETH (ERC20).
- 2
Copy the address, or scan the QR code if you are on a phone. Starts with 0x, 42 characters, hexadecimal.
- 3
In the wallet you are sending from, select ERC20 again. This is the step people skip.
- 4
Send, then keep the transaction ID. Under a minute with a normal fee.
What goes wrong on Ethereum
- Sending ETH on a layer-2 or sidechain when the destination expects Ethereum mainnet. The address looks identical, the network is not.
- Emptying the wallet exactly. Leave enough ETH behind to pay gas, or the remaining tokens become unmovable.
- Confusing ETH with an ERC20 token like USDT. They share an address but are different assets, and the deposit must be reported as what it actually is.
An Ethereum address receives ETH and every ERC20 token. That is convenient and also the reason people send the wrong asset — the address accepting it says nothing about which coin you meant.
Gas is an auction. If a transfer is not urgent, sending when the network is quieter costs noticeably less.
You can follow any transfer yourself on Etherscan, which is the public record for this chain.
Get a ETH address now
One sign-in, no identity checks, and no transfer fee until 31 December 2026.
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