Buying guideUpdated on How to Buy Alchemix ETH (ALETH): Step-by-Step Guide
To buy Alchemix ETH on Picnic, you create an account, add funds with Pix and convert your balance into ALETH in the app. The quote and the fees are shown on screen before you confirm, and the asset stays in a wallet you control.
- Fund with Pix
- Self-custody with a passkey
- Fees shown before you confirm
How much ALETH can you buy?
You don't have to buy a whole unit. Here is what each amount is worth at today's reference price, before fees.
- With $100.0052913ALETH
- With $500.026456ALETH
- With $1000.052913ALETH
- With $5000.26456ALETH
How to buy Alchemix ETH on Picnic, step by step
Four steps, from signing up to ALETH in your wallet.
Create your account
Download the app or open it in your browser. Your wallet is created at sign-up and protected by your device's biometrics (a passkey), with no seed phrase to write down.
Add funds with Pix
Top up in Brazilian reais with Pix, straight from the app. The balance shows up in a few minutes.
Search for Alchemix ETH
In the investments tab, look for Alchemix ETH or ALETH and enter how much you want to buy.
Review and confirm
Check the quote and the fees shown on screen, then confirm. Your ALETH balance appears in your wallet, under your control.
What is Alchemix ETH?
Alchemix ETH (ALETH) is a synthetic asset created on the Alchemix platform, backed by ETH deposits. Users can leverage their ETH exposure without selling their underlying assets by borrowing ALETH against their ETH collateral. ALETH can be used in various Web3 applications, DeFi platforms, and NFT marketplaces. While it offers unique opportunities, it's important to be aware of potential risks associated with the protocol and market volatility. You can buy ALETH on Picnic, along with many other cryptocurrencies.
Alchemix ETH (ALETH) is a synthetic asset created on the Alchemix platform, backed by Ethereum (ETH) deposits. Users can leverage their ETH holdings by depositing them as collateral and minting ALETH tokens. This unique system allows investors to maintain exposure to ETH while accessing additional liquidity without selling their original assets. ALETH operates with a 400% collateralization ratio, meaning users can borrow up to 25% of their deposited ETH value in ALETH tokens. ALETH offers versatility in the cryptocurrency ecosystem, enabling users to participate in various decentralized finance (DeFi) applications, Web3 platforms, blockchain-based games, and NFT marketplaces. The token can be freely bought, sold, or exchanged for other cryptocurrencies or traditional currencies through different platforms. Picnic is one such platform where users can purchase ALETH, along with a wide range of other cryptocurrencies. It's important to note that ALETH is subject to market volatility and carries risks associated with the Alchemix protocol. The token's value is closely tied to overall market trends in the cryptocurrency space. While ALETH provides unique opportunities for ETH holders, potential investors should carefully consider their risk tolerance and conduct thorough research before engaging with this synthetic asset.
Why buy Alchemix ETH on Picnic?
You stay in control
The wallet is yours, in self-custody, created at sign-up and protected by a passkey. Picnic is not an exchange: your assets stay under your control.
Fund with Pix
Add Brazilian reais and buy ALETH in minutes, with no international wire.
Fees on screen
The quote and the fees are shown before you confirm the purchase, with no surprises.
Buy it, then spend it
The same account comes with an international Visa card, accepted in 180+ countries, with no annual fee and no IOF.
Frequently asked questions
Does Picnic charge fees to buy Alchemix ETH?
Fees depend on the network used to buy ALETH. On some networks the transaction is free, and on the others the fee is always shown on screen before you confirm. No hidden costs: what you see is what you pay.
Is it safe to buy Alchemix ETH on Picnic?
On Picnic your wallet is in self-custody: you keep control of your assets without relying on an intermediary exchange. Picnic has operated globally since 2021, and the infrastructure behind the product was recognized with a grant from the Ethereum Foundation. As with any digital asset, the price of ALETH can move, so invest thoughtfully.
Can I buy just a fraction of ALETH?
Yes. You choose the amount to spend and receive the matching quantity of ALETH, even if it is a fraction of one unit.
Do I need to understand crypto to buy Alchemix ETH?
No. Picnic is built to be simple even for beginners: fund with Pix, search for Alchemix ETH and confirm in a few taps. Your wallet is created automatically and the technical side stays behind the scenes.
How long until ALETH reaches my wallet?
After you add funds with Pix and confirm the purchase, your ALETH balance usually shows up in your wallet within a few minutes. Exact timing can vary by network.
Can I spend my balance after buying?
Yes. The same account that holds your assets comes with an international Visa card, accepted in 180+ countries, with no annual fee and no IOF. So you can spend your balance day to day, at home or abroad.
Can I buy other assets besides Alchemix ETH?
Yes. Picnic lists more than 3,000 digital assets. Just search for the one you want and follow the same steps, all in one account.
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Ready to buy Alchemix ETH?
Create your account, fund with Pix and have ALETH in your wallet in minutes.
Buy Alchemix ETHThis content is for information only and is not investment advice. Digital assets are volatile and you may lose part of the amount invested.