Last update: Jun 6, 2022

How to Buy Ethereum Name Service (ENS)

So you’re looking for a guide on how to buy Ethereum Name Service. Depending on your country, you’ll have a few cryptocurrency exchanges to choose from.

In this guide, we not only cover the top 3 global crypto exchanges, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

How to Buy Ethereum Name Service – 4 Easy Steps

1. Choose a crypto exchange

Finding a cryptocurrency exchange isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Ethereum Name Service of course.

2. Sign up with the cryptocurrency exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger cryptocurrency exchanges.

4. Buy Ethereum Name Service

Now that you have what you need to buy Ethereum Name Service, head over to the market or buy section of the crypto exchange and buy some ENS.

If the crypto exchange doesn’t have any Ethereum Name Service on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Ethereum Name Service first), and trade your Ethereum for Ethereum Name Service.

Where to Buy Ethereum Name Service (ENS)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Ethereum Name Service

1. Sign into the crypto trading platform where you bought Ethereum Name Service.
2. Move your Ethereum Name Service to the right place on the cryptocurrency exchange. Some exchanges have trading accounts you need to use for buying and selling.
3. Sell Ethereum Name Service.

 

How to Buy Ethereum Name Service (ENS) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Ethereum Name Service in Australia, the process remains the same:

1. Find a crypto exchange below.
2. Sign up for an account.
3. Fund your account with AUD.
4. Buy Ethereum Name Service if it’s available. If the exchange doesn’t have Ethereum Name Service. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Ethereum Name Service), and trade your ETH for Ethereum Name Service.

Alternatively, if you want to know more about the exchanges we recommend, look at our comparison of the bitcoin trading platforms in Australia.

How to Buy Ethereum Name Service (ENS) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Ethereum Name Service in Canada, the process remains the same:

1. Find a crypto trading platform below.
2. Sign up for an account.
3. Fund your account with CAD.
4. Buy Ethereum Name Service if it’s available. If the exchange doesn’t have Ethereum Name Service. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Ethereum Name Service), and trade your ETH for Ethereum Name Service.

If you’d like to learn more about the exchanges we like, check our comparison of the best crypto exchanges in Canada.

How to Buy Ethereum Name Service (ENS) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Ethereum Name Service in the UK, the process remains the same:

1. Find a crypto trading platform below.
2. Sign up for an account.
3. Fund your account with GBP.
4. Buy Ethereum Name Service if it’s available. If the exchange doesn’t have Ethereum Name Service. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Ethereum Name Service), and trade your ETH for Ethereum Name Service.

You can also take a look at our analysis of the safest crypto exchanges in the UK if you’re curious to know more about which exchanges we like.

Considering buying Ethereum Name Service? ENS Rundown

Ethereum Name Service is a distributed and extensible naming service based on Ethereum blockchain. ENS converts human-readable Ethereum addresses such as john.eth to machine-readable alphanumeric code you know from wallets such Metamask. It is also possible to reverse the process, associating machine-readable addresses and metadata with human-readable Ethereum address.

The Ethereum Name Service's goal is to make Ethereum-based websites easier to use and understand for people. This is similar to the way that the Internet's Domain Name Service makes it more accessible. ENS uses a similar system to DNS. Domain owners have full control over their subdomains.

ENS launched in November 2021 with a successful retroactive airdrop that rewarded users who registered addresses before the token was launched. It was criticised by its director for operations in February 2022 for apparently homophobic Tweets.

Ethereum Name Service is unique in that it transfers Domain Name Service to decentralized Web3.

ENS is not a company, but an open-source project. It calls itself "an open utility that belongs to the business." It aims to be an infrastructure piece as important to Web3 as the DNS to the internet. ENS is more secure and censorship-resistant than other platforms and does not have a single point for failure.

ENS aims at overcoming one of the major obstacles to widespread adoption of blockchain technology: their accessibility and ease-of-use. Instead of using complicated, but machine-readable alphanumeric codes that can be difficult to remember, users can get any crypto or FFT via a simple link. This makes it easier for users to use blockchain technology and less technical.

ENS is built upon two smart contract. The first is an ENS registry that records domains registered on ENS. It also stores the following information:

• The domain owner
• The domain resolver
• All records in the domain are cached at the same time

The resolver is the second smart contract. Its purpose is the translation of machine-readable addresses into domain names and vice versa. Each domain will be matched to its respective user, website or address.

Related:

• How to Buy Ethereum Classic (ETC)
• How to Buy Ethernity Chain (ERN)