Buy Electroneum or ETN Crypto Coin explained by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about how to Buy Electroneum or ETN Crypto Currency.
How To Buy Electroneum or ETN Crypto Coin?
Electroneum is a British cryptocurrency that launched via an initial coin offering (ICO) in September 2017. Its purpose is to be used in the mobile gaming and online gambling markets. It promises to be be the most user-friendly cryptocurrency in the world with wallet management and coin mining all possible on a mobile app. Upon closing the token sale, Electroneum has raised $40 million and claims to be one of the most successful ICOs.
How to buy Electroneum Cryto Currency?
1. If you have Bitcoin, you can buy Electroneum with them. If you don’t have it, you can get it at Coinbase, which is a large and reputable cryptocurrency exchange with a New York bit license. The services of Coinbase are available in 32 countries. Perhaps its biggest advantage is that you can buy almost instantly Bitcoin or Ether with a credit or a debit card. The fee is a bit high, though – 4%. There are other payment options, like bank transfer and PayPal (in some countries).
2. Choose an exchange that offers Electroneum and open an account. There are not many of those, in fact: Cryptopia and TradeOgre. The only cryptocurrencies, with which you can buy Electroneum are Bitcoin and Tether.
3. After you have opened an account with either of the exchanges, and have gone through the necessary verification procedures (if any), you can transfer your Bitcoin and buy Electroneum. Most exchanges do not charge transfer fees for funding your account with cryptocurrencies.
It would be much easier and straightforward to buy Electroneum with fiat currency, instead of opening accounts at several exchanges and converting and transferring cryptocurrencies. However, no exchange offers this option for now, so you will have to stick with the procedure described in this guide.
Once you have your Electroneum, we strongly advise you to move it off the exchange and store it offline, in your own e-wallet. Storing cryptocurrencies online, be it in online wallets or on an exchange, is quite risky, because your account or the exchange can be hacked and your funds stolen.
For Electroneum you have the Electroneum Wallet Manager, which automatically creates a mobile e-wallet on your device. It is accessible through the Electroneum mobile app for Android devices.
In theory you could also speculate on the price of Electroneum without having to buy it by trading in CFDs on it. Many large and regulated forex brokers are offering such instruments on cryptocurrencies. However, they are mostly focusing on the large and popular cryptocurrencies and Electroneum is not among them.
How to Buy Electroneum or ETN Crypto Currency Conclusion
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