Considering ENS for your crypto journey? Learn the ropes of how to buy Ethereum Name Service effectively with us as we demystify the trick in the easiest way possible!
Ethereum Name Service (ENS) created its organisation in 2018. This naming system, open, distributed, and an extension, is part of the Ethereum blockchain. Ethereum name service aims to make the web-based on the blockchain accessible and easy to understand. It is also attributed to the ability to transfer ens domain Name Service to the decentralised Web3.
Users wishing to learn how to buy Ethereum name service (ens) can refer to the guide in this article for further information.
How To Buy ENS In 4 easy steps
Our step-by-step guide on how to buy Ethereum name service (ENS)
Step 1: Choose A Crypto Exchange Platform
The first step in “how to buy ens” is choosing an exchange platform. You must first select a reliable crypto exchange platform that facilitates the selling and buying of the digital asset. Some trustworthy exchange platforms include Binance, Coinbase Exchange, ByBit, KuCoin, Gate.io, and more. But to select one, you must conduct a thorough background check and choose a platform after considering all factors. It includes payment methods, customer support, etc.
Step 2: Register On Any Of The Platform
After selecting an exchange platform, you must set up an account. It would help if you wrote down all the credentials the platform asks for to do so. This includes your name, email address, address, and more. Users are also required to submit their proof of ID. You can choose any ID proof, such as a driver’s license or passport. After submitting all the details, your account will be activated within a few hours, minimum, or 1-2 days, maximum.
Step 3: Buy The Cryptocurrency Using Your Feasible Payment Method
After setting up your account, you must choose a feasible mode of payment to facilitate the purchase. Your exchange platform will determine the variety of options available. These options may include crypto wallet transfers, credit cards, debit cards, bank transfers, etc.
You can also opt for direct purchase and buy it using USD and TRY. It is also available as a trading pair of USDT and BTC. You must select the spot trading option and the trading pair for this.
Step 4: Store The Cryptocurrency In A Wallet
Users must store cryptocurrency in digital wallets to ensure safety and security. For this purpose, they must choose wallets that support ENS. Some reliable options include MetaMask, Gnosis, Enjin, Coinbase Wallet,, etc. You must select one as per your preference and one that feels most secure.
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Where To Buy Ethereum Name Service (ENS)
Coinbase Exchange came into existence in 2012 and was founded by Brian Armstrong. You can easily trade in a wide range of cryptocurrencies through this platform. You can also avail of several digital tools that will assist you in managing your portfolio. Users can also make use of the Coinbase wallet that the platform offers.
Factsheet
|
Operational Since: |
2012 |
|
Deposit Methods: |
PayPal, Debit/Credit Cards, Wire Transfers, Apple/Google Pay |
|
Deposit Fees: |
Free ($10 for WIRE) |
|
Cryptos Listed: |
250+ |
|
Trading Fees: |
0.0% to 0.40% for the maker and 0.05% to 0.60% for the taker. |
|
Fiat Currencies Supported: |
EUR, GBP, USD |
|
Trustworthiness: |
Safe and Reliable |
Binance emerged in July 2017, and its founder was Changpeng Zhao. With its rise, it gradually became one of the leading crypto exchange platforms in the world. Till now, it has recorded a $76 billion daily trading volume. Users can access a wide range of crypto assets on the platform.
Factsheet
|
Operational Since: |
2017 |
|
Deposit Methods: |
Bank Deposit, Cash Balance, Credit/Debit Card, P2P Trading |
|
Deposit Fees: |
Free for cryptocurrencies |
|
Cryptos Listed: |
350+ |
|
Trading Fees: |
0.10% |
|
Fiat Currencies Supported: |
USD, AUD, EUR, HKD, KZT, NOK, PEN, RUB, TRY, UAH, UGX. |
|
Trustworthiness: |
Safe and Reliable |
It was founded by Michael, Eric, Top, Kent, John, Jack, and Linda in 2017 and facilitated the easy flow of digital value. The platform aims to keep the process simple and secure for users, which has generated more trust in it. There are some added services that you can avail such as futures trading, instant exchange service, and more.
Factsheet
|
Operational Since: |
2017 |
|
Deposit Methods: |
P2P Trading, Debit/Credit Card, Third Party Payment, Bank Transfer |
|
Deposit Fees: |
Free for cryptocurrencies |
|
Cryptos Listed: |
700+ |
|
Trading Fees: |
0.005-0.01% depending on your tier level |
|
Fiat Currencies Supported: |
28+ |
|
Trustworthiness: |
Safe and reliable |
Frequently Asked Questions
Where Can You Buy Ethereum Name Service With A Credit Or Debit Card?
As the Ethereum Name Service or ENS domain is available for direct purchase, you can avail it from any crypto exchange platform you choose. All you need for this purchase is your credit or debit card. The various crypto-exchange options include Coinbase Exchange, ByBit, KuCoin, etc. You can also get it as a trading pair of USDT and BTC.
What Will You Need To Buy Ethereum Name Service?
The first step to buy ens domain is to select a crypto exchange platform and set up your account on the same. After doing so, you must proceed with the KYC verification process to establish your account. Lastly, you must choose a feasible mode of payment to buy ENS and select a crypto wallet to store it safely.
What Is The Easiest Way To Buy Ethereum Name Service?
The easiest way to buy Ethereum Name Service is through a crypto exchange platform. Various crypto platforms where it is available are Coinbase Exchange, ByBit, KuCoin, etc. To buy ENS, you must establish an account on your preferred crypto exchange platform and make the required payment. You can choose your preferred mode of payment out of the several options available.
