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Today, you will learn how to invest in Electroneum with USD.
Electroneum claims to be much easier to use, than any other cryptocurrency such as; the popular Bitcoin (BTC) and Ethereum (ETH).
It does this by allowing transactions to be conducted through a mobile app. Miners also use the app to mine new coins (unlike crypto coins like Tron (TRX) that have no mining).
This is a change from a lot of existing cryptocurrencies, but at the same time, it makes it a little more challenging to buy.
In this article, am going to detail more into what Electroneum is, how it works and how you can buy it.
Let’s begin.Shall we…?
Where to Buy Electroneum
As at the time of writing this article, there are few places where you can buy Electroneum mobile cryptocurrency. But you will need to purchase Bitcoin, or Ethereum, and then exchange it for Electroneum.
However, the best platform to get Electroneum crypto-coin is Changelly cryptocurrency exchange price aggregator.
How do you buy Electroneum with LocalCryptos?
To make the whole process very simple, am going to guide you with both P2P (Peer-to-Peer) crypto marketplace and a cryptocurrency exchange aggregator.
Receive the BTC, or ETH in the LocalCryptos wallet.
Buying Electroneum on Changelly
Changelly is one of the cheapest crypto exchange, and you do not need to have an account with them. But to keep history track of your transactions, you can login (if you have an account already) or create one.
Once you are through with that part, go to Changelly and select the crypto-coin you want to send-in (i.e. Bitcoin or Ethereum based on your choice), then select Electroneum as the coin you will receive.
Input a secure Electroneum wallet address, then click on exchange button to get your ETN cryptocurrency coin within few minutes.
Congratulations… You have successfully bought ETN crypto-coin!
I am going to provide answers to some of the frequently asked questions from many individuals online. So read through to get answers to that information you’re seeking.
What is Electroneum?
Electroneum (ETN) coin was created in September 2017. Its ICO (Initial Coin Offering) ended early as it reached its hard card of $40 million.
Interestingly, Electroneum was the first British based team to launch a new cryptocurrency.
The Electroneum platform was created by forking Monero code. There is currently 6.698 billion Electroneum in circulation and only 21 billion will only be created.
The idea of ETN team is to create a coin that can be used with a mobile phone. It is useful for those living in poorer countries, because most people don’t have access to PC or laptop.
How does Electroneum work?
However, all you need to mine Electroneum is download the app, log in and click on start mining. That’s it! No special hardware, no programming knowledge, and no expensive electricity bills.
How do you convert Electroneum to cash?
As at the time of writing this article, there’s no way to convert Electroneum into cash directly. But you have to use Changelly exchange and swap ETN to either BTC, ETH or XRP, then sell them for cash.
How can I convert Electroneum to BTC?
This is very simple, because you can exchange Electroneum for Bitcoin on Binance platform. You can also use either CoinSwitch or Changelly to swap it for BTC crypto-coin.
Can you buy Electroneum on Coinbase?
If must learn how to buy Electroneum with Coinbase, just know that the process is similar to that of LocalCryptos, just that you’ll need to create an account (If you don’t have one already).
Once you login on Coinbase, just buy any amount of Bitcoin with credit card and use Changelly to swap it for ETN coin.
Is Electroneum a good investment?
Electroneum at the moment may not worth huge amount of money, but within time it’s going to grow bigger over the years to come, which might even end up in securing a higher rank and adoption rate.
If you have read this guide all the way through, you will now have some knowledge on Electroneum and some of the benefits it offers to its users.
In particular, I like the fact that Electroneum offers something to third world generations. It allows users to make money by mining from their mobile device.
As you have seen, Changelly happens to be the best cryptocurrency exchange to use in acquiring your desired amount of Electroneum coin.
I founded The Crypto Staunch, so you'll learn how to become a cryptopreneur and start investing in different cryptocurrency assets safely. Let's connect when you consult me for professional advice (all from my personal experiences and guidelines).