In this guide on how to buy Electroneum, we will walk you through the different steps you need to take for buying the cryptocurrency Electroneum (ETN). We will talk about the different options that are available so that you can easily make a decision which suits you the best. We will also briefly explain what Electroneum is, how it works and why it might be worth investing in.
The steps for buying Electroneum are not that hard and with this guide, we will make it even easier for you to buy it. We will go through all the steps, the payment methods and where you can easily buy Electroneum in no-time.
How to buy Electroneum options
- Buying ETN On KuCoin And Binance
- Buying ETN with a Credit Card or Debit Card
- Buying ETN with Bank Transfer or Wire Transfer
- Buying ETN with PayPal
- Buying ETN with Skrill and Neteller
So many people have no idea what Electroneum is all about. However, the first thing to note is that Electroneum is a mobile-first virtual currency that is targeted at Mass acceptance.
The team behind Electroneum makes sure that acquiring this crypto is as easy as downloading just any app.
Through the breaking down of every barrier surrounding gaining it, the Electroneum team believes that they can distribute this coin.
What Is Electroneum?
So many people all over the globe are interested in purchasing diverse coins. But, they are not ready to start sending their passports to a website that they have no idea about.
Also, there is the issue of connecting bank accounts and paying very high fees. Nonetheless, Electroneum has the solution to the fears of the people as its target is to bring crypto to the masses.
One major criticism of Bitcoin is the fact that the balance of each of its wallet address is public and searchable.
However, this is an issue that the stealth address of Electroneum aims to resolve. It makes use of a one-time public that actually stops the funds of recipients from being connected with their own wallet.
Bear in mind that the address can get audited by an intermediary just to prove that the transaction was executed. The recipient gets his or her funds via their wallet’s private view key, which also scans the Blockchain thoroughly.
Immediately it is detected and possibly retrieved by the wallet; a single-use private key will be developed. Now, recipients can spend their funds with the aid of the private spend key.
Also, this takes place without the recipient, sender, or even the amount transacted publicly being linked. With Electroneum, transactions are comparatively swift and have amazing fees that are based on the traffic level on the system.
Furthermore, the codebase of Electroneum tries its best to avoid all forms of strong ASICs having a large advantage over the CPU miners.
Also, this mining makes use of a memory-bound algorithm to try its best in motivating the CPU mining and offering average users accessibility to ETN.
Where To Buy Electroneum
Wondering where to buy Electroneum or how to buy this coin? That should not bother you so much as it is available in some of the popular crypto exchanges that you know about. They include:
How To Buy Electroneum On KuCoin And Binance
If you never knew, KuCoin is a prominent virtual currency exchange that has a huge offering of diverse virtual assets. Asides from Bitcoin and Ethereum trading pairs, KuCoin actively backs up a majority of the popular stablecoins.
Nevertheless, to purchase ETN on KuCoin, you can follow these steps. They include:
- Create an account on the KuCoin exchange
- Next is to deposit cryptos. While Bitcoin and ETH have trading pairs on this exchange, they can be traded for Electroneum.
- You will be able to make your deposits by clicking on assets>deposit. You will be given a deposit address for any of the crypto you choose. Now you can send the amount you want to deposit.
- Check your balance by going to assets and then the main account that is situated at the navigation bar at the upper part of the website.
- Once the deposit is processed, the coin and its amount will be displayed on the list.
The next step is to place a buy order for ETN. Here, you will have to make moves to the exchange tab. You can choose to deposit either Bitcoin or Electroneum. It is still the same process.
The next step will have you selecting the Bitcoin market and searching for Electroneum. You will get to see the ETN/BTC trading pair.
Once you click on it, the price chart will be shown at the center. You can now place your buy order on the right side of this chart.
To buy ETN when it gets to a certain price, you can make use of the limit order. Input the desired price in Bitcoin and the amount of Electroneum you are interested in buying and then click on buy.
So, if you are interested in buying ETN at the current price that it is being sold, you can easily click on the market tab and input the amount of ETN you want to purchase.
It is also rated as one of the most amazing places to purchase and trade some of these altcoins.
To begin your transaction, you can start by:
To do this, you will need to go to your homepage and click on Register. You will find a signup page and fill in all your details like your password and email. A verification mail will be sent for you to activate your account.
You can buy Bitcoin or any other coin for your choice on Binance and exchange it for ETN, which is available on the platform.
This will depend on your level of experience on the platform. If you are still a newbie, it is best to make use of the basic version. Easily click on Bitcoin, fill out your ticket, and make your exchange for ETN.
How To Buy Electroneum With Credit Or Debit Card
For this main period, there is no way you can actually buy ETN using either your debit card or your credit card in any of the available United States exchanges.
However, since we have talked about how to buy ETN and where to buy ETN, the most effective method you can use in getting this coin is to purchase Bitcoin from CoinBase.
How To Buy Electroneum With Bank Transfer Or Wire Transfer
It cannot be bought with a bank transfer. And so, you will have to purchase either Bitcoin or Ethereum and exchange for ETN on exchanges like KuCoin.
How To Buy Electroneum With PayPal
Just as expected, directly buying ETN with PayPal cannot be possible. So, if you want to make use of PayPal, you will have no choice but to purchase Bitcoin first. And exchange it for ETN by making use of a service that offers ETN such as Binance.
How To Buy Electroneum With Skrill And Neteller
Wrapping It Up
If you never knew, Electroneum is also known as ETN, and it was created off the codebase of Monero. This was done to enable transactions on a decentralized Blockchain. Similar to Monero, Electroneum has some in-built privacy features.
We hope that with this guide on how to buy Electroneum you feel more than comfortable enough knowing the different options you have available for buying ETN. If you are still unsure about anything leave a comment. If you liked this article feel free to share it.
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Per Englund – Founder of Go CryptoWise a cryptocurrency and tech fan that want to see better and smarter products and services that make our lives better and easier