Now that your account is set up, it’s time to buy Electroneum. If you prefer fiat currency, BitBNS allows direct purchases using Indian Rupees (INR). Once you’ve selected an exchange, the next step is registration. Go to the exchange’s website and sign up by providing your email, phone number, and residential details. Identity verification will also be required, which usually involves submitting a government-issued ID, such as a how to buy electroneum on cryptopia passport or driver’s licence.
How to pick the best crypto exchange for yourself?
Mining is the process of using computing power to verify transactions on the blockchain. However, when mining popular coins like Bitcoin, you need really expensive hardware which uses lots of electricity. By downloading the user-friendly Electroneum mobile app, people can send and receive ETN coins in just a few minutes, at a cost of less than a dollar. And one of the answers to how to buy an Electroneum question. The idea of the Electroneum team project is to create a cryptocurrency that can be used by anyone with a mobile phone.
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Despite its vast offerings, regulatory oversight remains limited, making it a preferred choice for crypto-to-crypto traders. KuCoin is a global cryptocurrency exchange known for its intuitive interface, robust security, and diverse trading products. It offers spot, margin, and futures trading, alongside a built-in P2P marketplace and fiat on-ramp services.
This will open the spot trade page, enter in the search box ETN/Coin which you have bought or deposited. Click on the coin and fill buy or sell form at the bottom. And cryptocurrency you want to buy, if ETN not available select USDT MEXC Global Supports more than 1000 pairs with good liquidity, created in 2018 and available in more than 170 countries. USA citizens can register an account but not possible to go through KYC so the maximum amount is 20 BTC every 24 hours without KYC.
Setting Up Your Cryptocurrency Wallet
Supported wallets for Electroneum include Electroneum Online Wallet, Ledger Nano S, MyCryptoWallet, Trust Wallet, and Coinomi. To transfer, withdraw your tokens from the exchange, enter your wallet’s public address, select the amount, and confirm the transaction. With Electroneum stored securely, you have full control over your assets and greater protection against security threats. After purchasing, the safest way to protect your Electroneum is by transferring it to a personal wallet. Holding assets in an exchange wallet exposes them to potential risks, so moving them to a secure wallet is recommended.
- However, don’t forget that you can’t deposit funds using a debit or credit card, so you will first need to buy a cryptocurrency.
- After verifying click “Buy Crypto” again and choose ETN, if there is no ETN in this list you can buy any of these coins USDT
- Now, go back to Coinbase and paste the address into the required field.
It has the highest trade volume, the cheapest fees, and the sign-up process is really simple! Every time you trade you will pay a fee of 0.2% on the coin you are selling. For example, if you are selling 2 Bitcoins for Electroneum, you will pay a fee of 0.004 BTC. If you want to buy Electroneum with Cryptopia then you can trade it for Bitcoin (BTC), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC) or Tether (USDT). Cryptopia even has an online marketplace (similar to eBay), where you can buy and sell everything from electronics to books in exchange for cryptocurrency! However, three months later it dropped down to just $0.02.
As direct fiat pair is not available you can use stablecoin USDT, so first you will buy USDT and after you exchange it to Electroneum, or with crypto pair BTC. The top spot exchange by buy/sell volume for the last 24h is MEXC Global with usdt trading pair. During this period, 498,488,876.45 ETN were exchanged, with a trading volume of 910.8 thousand dollars. In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person.
The list is sorted by 24-hour volume and CL trust rating, and different pairs are listed separately with the corresponding volume. Before buying, check the transaction fees and ensure BitBNS suits your trading needs. Always use secure payment methods and store your ETN in a reliable wallet for added security. The easiest way to buy Electroneum in India is through BitBNS, a trusted crypto exchange that supports Indian Rupees (INR). BitBNS allows users to purchase ETN quickly using credit or debit cards, making the process simple and convenient. The first step is to choose a reliable exchange where Electroneum is available for purchase.
Buy Electroneum (ETN) on KuCoin in Four Simple Steps
If you already own cryptocurrencies, trading with altcoins is another option. Tether (USDT) pairs are available on MEXC, KuCoin, Gate.io, and CoinEx. Additionally, Bitcoin (BTC) holders can buy Electroneum through ProBitGlobal.
- Huobi Global provides access to over 400 cryptocurrencies, including its native token, Huobi Token (HT).
- Gate.io is a centralised cryptocurrency exchange offering over 2,100 digital assets with more than 3,700 trading pairs.
- Also, you do not need to provide any identification to start trading, as long as you aren’t looking to buy or sell more than 2 Bitcoin’s (or the equivalent) per day!
- Users can also earn significant yields, ranging from double to triple digits, on various cryptocurrencies.
Once verified, deposit INR into your account or link your card for direct purchases. Search for Electroneum in the trading section and place your order. The exchange will process your transaction instantly, and your ETN will be available in your wallet. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. While some are more straightforward and beginner-friendly than others, you shouldn’t encounter any difficulties with either of the top-rated exchanges. That said, many users believe that KuCoin is one of the simpler exchanges on the current market.
This is quite normal for cryptocurrencies though, as the prices can often change quickly. Making profits with cryptocurrency investing is sometimes all about good timing! Its ICO (initial coin offering) ended early as it reached its hard card of $40 million. Interestingly, Electroneum was the first British based team to launch a new cryptocurrency. In the past 24 hours, Tether, Bitcoin, and INR have been Electroneum’s only three trading pairs, with a total trading volume of 910.8 thousand.
This is really useful for those living in poorer countries, as most people don’t have access to a PC or laptop. As with all cryptocurrencies, there is never any guarantee that a project will succeed. So, first, I thought I would share with you some background information before showing you how to buy Electroneum.
Buying cryptocurrencies is easy and intuitive on KuCoin. Let’s explore the different ways of buying Electroneum (ETN).
The Kucoin exchange was created in May 2017 and is located in Hong Kong. It allows users to buy, trade and sell over 70 different cryptocurrencies, including Electroneum. Unfortunately, Kucoin does not allow you to use fiat money to deposit or withdraw, so you will need to fund your account using a different cryptocurrency. There are more than 11 crypto exchanges on which you can trade ETN.
Buy Electroneum (ETN) with crypto on the KuCoin Spot Market
It’s essential to pick a platform that ensures security, smooth transactions, and ease of use. Looking to buy Electroneum (ETN) but not sure where to start? Electroneum is a mobile-friendly cryptocurrency designed for easy payments and financial inclusion. It allows users to send and receive payments instantly through a smartphone app, making it ideal for people without access to traditional banking.
Selecting the right exchange based on your available funds and preferred payment method ensures a smooth buying experience. Unlike many other cryptocurrencies, ETN focuses on real-world use. You can use it for mobile payments, gaming, and even freelancing through the AnyTask™ platform. The Electroneum app lets you store, send, and manage ETN easily, making transactions as simple as sending a text message. After buying, everyone should transfer it to a hardware wallet.