How To Buy Electroneum: A Comprehensive Guide
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.
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. In fact, GBP, USD, and EUR are highly accepted fiat currencies.
Each online exchange, on the other hand, offers different payment methods but the widely used ones include PayPal, Atomic Swap, Bank Transfer, credit card, debit card, and trading pairs.
Nevertheless, keep on reading and find out how to buy Electroneum correctly and safely.
What is Electroneum?
Electroneum (ETN) is a coin that has been sitting around the top 50 for a long period of time. This coin, on the other hand, was made on September 2017.
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. The platform of this coin was made by forking the code of Monero.
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.
Nevertheless, if you want to keep updated with this coin make sure to follow them on their social media channels.
Where to Buy Electroneum?
Here is the list of exchanges where you can buy Electroneum.
This exchange that is sited in Hong Kong was made in May 2017. Kucoin lets people sell, buy, and trade more than 70 cryptocurrencies including Electroneum.
Unluckily, this exchange doesn’t allow users to utilize fiat currencies to withdraw or deposit. That is why you have to fund your account with different 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.
Since 2014, cryptopia has been providing its exchange services to a lot of people. This exchange list over 500 various cryptocurrencies to trade and sell. 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.
However, the only fiat currency that Cryptopia accepts is the New Zealand dollar. Otherwise, you may deposit using other cryptocurrencies like Ethereum for free.
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).
Apart from Kucoin as well as cryptopia, there are still more exchanges where you can buy ETN. However, you will need other cryptocurrencies such as Ethereum and Bitcoin to buy this coin.
Also, aside from buying from exchanges, you can also purchase from Electroneum holders with cash. By simply utilizing the wallet app, people can send Electroneum payments to other users of the application.
How to Buy Electroneum?
Buying Eletroneum is pretty easy. Since you can’t buy ETN cheap for fiat currencies we have to buy Bitcon first and then trade it for Electroneum on an exchange that supports ETN. And guess what? we are going to buy Bitcoin on the world famous crypto exchange coinbase. So let’s get it started.
Why Buy Electroneum?
One of the main reasons why you should buy ETN is that it comes with a mobile app that you can use easily to receive and send Electroneum coins at a very affordable cost.
What’s more, it can be bought at a number of online exchanges that are proven safe and reliable.
Lastly, you can use it to pay for your games as well as online gambling as it is partnered with gambling and game companies.
How to Sell Electroneum?
While you cannot sell Electroneum on Coinsquare directly, you can actually sell the coin on an altcoin exchange for Ethereum and Bitcoin and then utilize Coinsquare to cash out fiat money like Canadian and Euro dollar.
Here’s how to sell this coin:
- Register on an altcoin exchange
- Fund your account using ETN or load ETN to a bitcoin ATM.
- After signing up and verifying your account, fund it by clicking “FUND” that can be found on the upper menu. Then simply follow the given instructions for Ethereum or Bitcoin.
- Sell your Ethereum or Bitcoin for fiat money like Canadian or Euro dollars with QuickTrade that can be found on the left side of Coinsquare’s dashboard.
- Withdraw the fiat currency amount right to your bank account from the Coinsquare by clicking the WITHDRAW found in the top bar menu and follow the instructions provided.
Which Wallets Can I Use?
When it comes to the wallet, simply download the Electroneum wallet and app and you’re all set.