How to buy Electroneum ETN Easy Step by Step Guide TUTORIAL
Australian residents are able to buy Electroneum (ETN) directly from both HitBTC as well as KuCoin. Both are viable options for ETN purchases as they both have no restrictions against users from AU that sign up. Another good practice is to spread your Electroneum fortunes evenly across various wallets – perhaps 4 would be good. In this way, if one gets compromised, you’ll still have 3/4 of your investment.
Make sure to choose a strong password comprising a combination of letters and digits for security purposes. Nevertheless, if you want to purchase this coin using cryptopia then you can exchange it for Tether (USDT), Litecoin (LTC), Ethereum (ETC), Dogecoin (DOGE), and Bitcoin (BTC). Electroneum is one of the many cryptocurrencies that is designed to be user-friendly. This coin can be either mined on a spare computer or on your phone. Now, go back to Coinbase and paste the address into the required field. Once you click Send, your Ethereum coins will be sent to your Kucoin account.
Further, it has an online market which is the same as eBay where you may sell and buy everything from books to electronics in exchange for crypto. If you’re looking forward to buying ETN at this exchange, you can exchange your money to ethereum or bitcoin. Don’t worry, because the trading volume for these coins is great, thus you’ll have no problem looking for sellers. However, if you don’t have plans of mining Electroneum no worries because you can buy it, but there are some restricted prospects. While this coin is accessible in a number of exchanges, you might have a hard time purchasing Electroneum using fiat currency or national currency. Again, like the other exchanges I have recommended, there are no fiat deposit facilities, so you won’t be able to use your debit or credit card!
- They list more than 500 different cryptocurrencies to buy and sell, making it one of the largest exchanges for choice.
- However, you should be able to buy Bitcoin easily at any of the large exchanges that accept fiat currency, such as Coinbase, CEX.io, Bittrex, or LocalBitcoins.
- However, you need to remember that the private keys to all the coins on the app wallet are kept in a database on the Electroneum’s servers.
- In this way, if one gets compromised, you’ll still have 3/4 of your investment.
For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform. Another really cool feature is that the Electroneum app allows you to mine coins from your mobile phone!
Where to Buy Electroneum?
However, its initial coin offering or ICO was ended early since it achieved its hard card of forty million dollars. Other than, this coin was the first-ever British based team who takeoff a new cryptocurrency. Reading through various best crypto exchange reviews online, you’re bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. 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. Another good thing about Kucoin is that the customer service is excellent, allowing users to get support through telephone, email and even live chat.
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You can seamlessly buy Electroneum (ETN) on HitBTC by depositing funds via cryptocurrency and then exchanging the deposited cryptocurrency for ETN. HitBTC is supported in the UK – additionally, you can utilize UK supported exchanges such as KuCoin for your purchases also. The new deposit address that is created will then be the address you send your already purchased Bitcoin to.
Next on your mobile device (Whether iOS or Android), go to the store section of the application and download ‘Google Authenticator’. On your mobile phone on the Authenticator how to buy electroneum on cryptopia application, click on the ‘+’ sign. This will open up a camera where you’ll be asked to scan a QR code. This is the unique 2FA code that will appear each time you log in.
What’s the differentiating quality of Electroneum in comparison to other cryptocurrencies? You need to realize that, as soon as your ETN coins are on your paper wallet, you become solely responsible for the safety of your coins. You need to guard the offline paper wallet like you would guard a credit card or cash. The main goal of the team behind Electroneum is to make a cryptocurrency that people can use in their mobile phone. As a matter of fact, this very useful most especially for people living in poorer states since the majority of them do not have access to a laptop or personal computer.
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Before you start trading cryptocurrencies, though, you’ll need a digital wallet of your own to keep your coins safe. Coinbase is one of the precedents when it comes to legitimate and appropriately functioning cryptocurrency exchanges. Both are viable options, and Coinbase can serve almost as an intermediary for these purchases. Selecting this will load a new page where you’ll then be asked to add a new funding method by inputting a credit card number. Enter in the information that is required and then select the asset which you’d like to purchase, which in most cases will be Bitcoin. Doing this will process an order to buy Bitcoin using your credit card.
Unfortunately, there is no live chat or phone support when you” have some doubts about how to buy Electroneum, but you are able to raise a support ticket on the website. © 2024 Grant Thornton International Ltd (GTIL) – All rights reserved. Currently, only the claims registration process is open and will remain open for the foreseeable https://cryptolisting.org/ future. The current process is ensuring that your account is claimed and will give you a reference number to use in the next part of the claims process. You will not be able to view your Cryptopia account details in this phase of the process. John Ladeluca is the founder of the Wall Street hedge fund Banz Capital.
Once done, you’ll have successfully bought Electroneum [ETN] on HitBTC. Electroneum cannot be used for direct or immediate purchase of Electroneum at this time, however, that can definitely change within the near future. Coinbase has publicly demonstrated their initiative for listing new and relevant cryptocurrencies, so an Electroneum listing is not entirely out of the question. Google Authenticator is an application that enables second-factor authorization. This means in order to log in to your account, not only do you need your basic account information including username/password, but you also need the Authenticator app to validate your login attempt. This means if someone hacks into your computer and steals your username and password, they won’t be able to fully steal funds as this will require them to have access to the authenticator app.
This is a high-risk investment and you should not expect to be protected if something goes wrong. The last place where you can currently store your ETN is on an exchange like Cryptopia. Electroneum (ETN) is a coin that has been sitting around the top 50 for a long period of time. However, the trading volume on Electroneum is really low, so you might be better off using either Kucoin or Cryptopia.
Best practice is to make two or three copies of the wallet which you keep in a secure storage space at different geographical locations (keep one at your house, one at your mother’s, and one at your grandma’s). Laminate each paper wallet to protect it from possible moisture (floods or water spills). In this way, if one paper wallet gets lost, you’ll still have the others. As soon as you have bought some Electroneum, it is very important that you know how to store your ETN coins securely. When it comes to the wallet, simply download the Electroneum wallet and app and you’re all set.
Residents of both the U.S. & Canada can utilize HitBTC and KuCoin as valid exchanges for buying and selling Electroneum. HitBTC will immediately calculate the number of funds you’ll be spending in terms of the market price for the BTC equivalent of ETN that you’ll be purchasing. The following demonstrates the order field that you’ll be asked to input. In this case, we’ll deposit Bitcoin as this is the most liquid trading pair for Electroneum. Binance is an excellent option to buy Electroneum and can be done in a very fast manner, but keep in mind that Binance places the level of security that you can use on your shoulders. This means your account will be as secure as you essentially enable it to be.
This will load a new page where you’ll be asked to select which asset you’re depositing from the list of their supported assets. The best recommendation would be to keep your ETN coins in an offline paper wallet. Follow the necessary steps to generate a safe offline paper wallet, and only transfer your coins to the app wallet or an exchange when you wish to transact or trade with them. Coinbase wallet works as an exchange and transfer USD and other fiat currencies to Bitcoin as well as other digital currency efficiently. Nowadays, you can speedily transfer your bitcoin to any marketplace, exchange or wallet using particular private keys.
