Ethernity Chain can now be bought relatively easily. You can simply use PayPal, a credit card, or cash.
Here’s a simple guide we’ve compiled to help make your job easier. Therefore, if you are interested in buying Ethernity Chain (ERN), read it until the end.
It is not difficult to buy cryptocurrencies using a credit or debit card, despite claims to the contrary.
Let’s get started!
What is the process for purchasing Ethernity Chain with a credit or debit card?
The first step is to buy Bitcoins or Ethereum from an Ethernity Chain (ERN) exchange using your credit card. After that, you can convert the bitcoins into ETH.
The following steps should be followed:
- From the currency swap of your choice, purchase Ethereum or Bitcoin.
- Use a currency exchange that supports Ethereum Chain to transfer the Ethereum or Bitcoin purchased.
- Then exchange the purchased cryptocurrency into Ethereum Chain.
1. Create an Account on Coinbase
In order to buy Bitcoin (BTC) or Ethereum (ETH), which will later be exchanged into Ethernity Chain (ERN) – you have the make an account on Coinbase.
Click this link to create an account.
Click on “sign up” and enter your required information like name, location, password, and e-mail – make sure these details match your Photo ID. Otherwise, it can create trouble.
Coinbase is controlled by the US authorities and follows strict fiscal rules. As a result, they have to confirm your identity. However, some time and effort are invested, but this makes Coinbase the most trusted and reliable way to convert ordinary currency into cryptocurrency.
Verify Your Coinbase Account
Coinbase has to verify your account for safety. They will ask you for your contact number, verify your bank account or your card (credit or debit), will ask you to upload an image of your photo ID as well. Only after the verification you will be able to buy cryptocurrency.
In case you purchase cryptocurrency through the card, your purchase will take no time, but the fees will be charged higher than the usual. If you make payment through the bank account transfers, it can take up to 7 days to receive your coins, but it will surely be cheaper than your card purchase.
Once your purchase details are verified, click on the buy / sell button, which happens to be on the top menu.
For example, if you are buying Ethereum, simply click on Ethereum and fill in the amount of money you are willing to spend or the number of coins you want to buy at the bottom of the page.
When you are done with all of these, just click on the “Buy” button.
The next thing you need to do is confirm your purchase. Do this by clicking on the “Confirm Buy” button.
By now, you have purchased Ethereum, do not close Coinbase – this has to be used again.
2. Create an Account on Binance
Right now you can buy Ethernity Chain (ERN) at a good number of cryptocurrency exchanges.
Binance allows you to purchase coins directly with Euros, Dollars, and Rubbles. The most convenient way of buying Ethernity Chain (ERN) through Binance is to purchase Ethereum or Bitcoin from Coinbase and later to exchange / trade it for Ethernity Chain through your Binance account at the best Ethernity Chain price.
Go to this link, then click “Register” on the top right.
Create an account by entering your email address and a password (strong passwords for security).
Once you click the register option, an email will be sent to confirm your registration. Click the link from your email to continue.
You will now be taken to a login form, enter your email address and password, then press “Login”.
A pop-up will appear to advise your to set up 2FA (two-factor authentication) on your account. You should really do this to protect your money from any hacking attempt.
3. Find your Ethereum Wallet Address on Binance
You will see a “WALLET” option on the top menu, hover the mouse cursor over it, then click “Overview”.
Click on “Deposit” and choose “Deposit Crypto”.
The coin list will show, select “ETH”.
A long string of numbers and letters will appear – this is your Ethereum deposit address.
Copy the address and save it somewhere safe, you are going to need it soon.
Note: You should recheck if you selected Ethereum only because if by mistake you send coins to the wrong wallet, they will get destroyed.
4. Transfer Ethereum from Coinbase to Binance
Go back to the Coinbase website.
Click on “Accounts” displayed on the top menu bar and locate your Ethereum wallet. It should be on the left.
The recipient box will pop up. Paste the Ethereum wallet address copied from Binance into the “Recipient” box.
Enter the amount of Ethereum coins you wish to transfer into the “Amount” box. In case you want to transfer everything, you can simply choose the “use max” option.
After following all these steps, Coinbase might ask for your confirmation with your phone or password.
Follow the instructions until Ethereum coins have been sent from CoinBase.
The transfer of Ethereum coins might take a little while to get into your Binance account.
Usually, it takes about 20 – 60 minutes for the Ethereum coins to be transferred in your Binance wallet. It can take longer in busy times.
To view your balance, Binance will update it automatically. However, you will be notified by e-mail about your transaction.
5. Purchase Ethernity Chain (ERN) instead of Ethereum
The moment you get notified of your transaction and your account balance shows the arrival of Ethereum, you will be ready to trade Ethereum for Ethernity Chain.
Visit the Exchange from the top menu.
For this step, we will assume you deposited ETH. If you deposited BTC, don’t worry – the process is exactly the same.
On the top right corner, choose ETH and search for ERN. The ERN/ETH trading pair should appear.
Click on the trading pair and a price chart will appear in the center.
There are two ways you can buy coins:
“Limit” order option: you can to set the price at which you want to buy ERN.
“Market” option: fills out your order at the best price automatically.
If you want to buy ERN when it reaches a certain price, use the Limit order. Enter the price you desire (in ETH) and the amount of ERN you want to purchase, then click the Buy ERN button.
Tip: If you deposited a good amount of coins, try to not purchase your ERN all at once – instead, you should buy it at different price levels. The strategy is known as unit cost averaging.
If you want to buy ERN at the latest price, click on the Market tab, then enter the amount of ERN you want to buy. The order should be done almost instantly and the coins will be added to your Binance balance soon.
You are now a proud investor in Ethernity Chain (ERN)!
Best Ethernity Chain (ERN) Hardware Wallets
Cryptocurrency transactions are one of the most popular things on hacker’s radars.
The best option to save your cryptocurrency is to put it in wallets.
Keeping your Cryptocurrency safe is very important. You have to look at it from all perspectives.
We all are aware of the frauds which are taking place these days. The hackers have reached a level where only exceptions can stop them. People have developed all possible means of stealing.
Talking about purchasing crypto, there are a number of advantages of investing in crypto-currency. The asset transfers have become much more manageable, the transactions are confidential, you simply hold ownership of the currency, they give access to credit, and at last, they come with strong security.
Keep your hard-earned coins safe!
Frequently Asked Questions
Can I Buy Ethernity Chain With PayPal?
You cannot directly buy Ethernity Chain using PayPal at this time. If you want to use PayPal, you will have to buy Bitcoin or Ethereum first and then exchange it for Ethernity Chain by using a cryptocurrency platform like Binance.
Can I Buy ERN With Cash?
You cannot directly buy ERN with cash. Even if some ATMs support Ethernity Chain, they are less than 1% of all cryptocurrency ATMs.
If you want to buy Ethernity Chain with cash, you will have to buy Bitcoin first and then exchange bitcoins for Ethernity Chain using a platform like Binance.
Can I Buy Ethernity Chain With Bitcoin?
Yes, you can buy ERN with BTC easily by using Binance to exchange Bitcoins for Ethernity Chain.
Can I Buy Ethernity Chain With Ethereum?
Yes, you can buy ERN with ETH by using a platform like Binance to exchange Ethereum for Ethernity Chain.
What is the best payment method to use?
The cheapest way to do it is to buy BTC with your bank and exchange BTC for ERN.
The fastest way is to buy it with a credit card, but the fees are higher.
How I Protect ERN Once I Purchase It?
The best way is to store your Ethernity Chain in a secure wallet. Don’t leave your Ethernity Chain on an exchange, they may be at risk if the exchange platform or your account get hacked.
How Can I Sell Ethernity Chain (ERN)?
Binance is a good place to exchange your ERN to other cryptocurrencies. If you want to exchange it to regular currency, trade your Ethernity Chain for Bitcoin and exchange BTC into euro, dollars or any other currencies.
Can I Mine Ethernity Chain?
Yes, ERN can be mined with ASIC mining machines.
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