How to buy Ethena (ENA) in Australia

Learn how to buy Ethena (ENA) on 13+ crypto exchanges in our step-by-step guide.

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By

Thomas Stelzer

Reviewed by

Fred Schebesta

Updated

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Ethena is a "synthetic dollar" protocol built on the Ethereum network that aims to offer a form of stable digital currency that is not tied to traditional banking or financial institutions.

ENA is the governance token of Ethena and can be purchased via a number of popular cryptocurrency exchanges including Binance, CoinSpot, Swyftx, OKX and Kraken. It can also be traded directly on the Ethereum network via Uniswap.

How to buy Ethena (ENA)

You can buy ENA by following these simple steps:

  1. Compare crypto exchanges. You can buy ENA on many leading crypto exchanges so it's worth looking for the exchange that offers the most competitive fees and supports the payment method you want to use.
  2. Create your account. After you've found an exchange, you'll need to sign up for a trading account using your personal details and proof of ID.
  3. Deposit funds. Depending on the exchange you choose, you should be able to buy Ethena directly with AUD using your debit or credit card, or deposit AUD onto the exchange and buy it via the spot market. It's worth keeping in mind that buying with a card often attracts higher fees.
  4. Buy Ethena. Search the exchange for Ethena (ENA), enter the amount you want to buy, select your payment method and hit "Buy".

Where to buy Ethena

You can Ethena (ENA) via these exchanges in Australia:

14 of 14 results
Deposit methods Fiat currencies Cryptocurrencies Rewards Disclaimer
Coinbase logo
Coinbase Australia
Debit card, Bank transfer, Paypal, Cryptocurrency
7
315
ENDS SOON!
$100
$100
VISA CARD REWARD
1
Join Finder
2
Sign up to Coinbase and make a trade
3
Get card from Finder
Ends by. T&Cs apply.
Go to site More info
Compare product selection
Kraken logo
Kraken
Finder Award
Debit card, Credit card, Bank transfer, Paypal, Cryptocurrency
10
457
Go to site More info
Compare product selection
CoinSpot logo
CoinSpot
Most Loved
Debit card, Credit card, Bank transfer, Paypal, Cryptocurrency
1
537
Get $20 in BTC when you make a deposit. T&Cs apply.
Go to site More info
Compare product selection
Swyftx logo
Swyftx
Finder Award
Debit card, Credit card, Bank transfer, Cryptocurrency
3
450
Get $20 in BTC when you verify your account. T&Cs apply.
Go to site More info
Compare product selection
eToro logo
eToro Crypto
Debit card, Credit card, Bank transfer, Paypal, Cryptocurrency
27
130
Go to site More info
Compare product selection
Digital Surge logo
Digital Surge
Bank transfer, Cryptocurrency
1
441
Receive $10 BTC on sign-up and verification. T&Cs apply.
Go to site More info
Compare product selection
Binance Australia logo
Binance Australia
Debit card, Credit card, Cryptocurrency
98
404
Get 100 USDT welcome bonus when you sign up, verify and deposit. T&Cs apply.
Go to site More info
Compare product selection
Coinstash logo
Coinstash
Bank transfer, Cryptocurrency
1
1129
Get up to $200 BTC when you sign up and trade. T&Cs apply.
Go to site More info
Compare product selection
Crypto.com logo
Crypto.com Exchange
Bank transfer, Credit card, Crypto.com Pay, Cryptocurrency, Debit card, PayID, Apple Pay
11
441
Get a 15% rebate on trading fees. T&Cs apply.
Go to site More info
Compare product selection
Day1x logo
Day1x
Debit card, Credit card, Bank transfer, Cryptocurrency
1
99
Go to site More info
Compare product selection
Bybit logo
Bybit
Debit card, Credit card, Cryptocurrency
0
515
Disclaimer: Highly volatile investment product. Your capital is at risk.
Go to site More info
Compare product selection
KuCoin logo
KuCoin
Debit card, Credit card, Bank transfer, Cryptocurrency
0
930
Go to site More info
Compare product selection
Gate.io logo
Gate.io
Debit card, Credit card, Bank transfer, Cryptocurrency
64
2635
Get up to $100 in trading fee vouchers when you verify your account. T&Cs apply.
Go to site More info
Compare product selection
Block Earner logo
Block Earner
Bank transfer, Cryptocurrency
1
364
More info
Compare product selection
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Showing 14 of 14 results

What's the easiest way to buy Ethena (ENA)?

If you're a beginner, the easiest way to buy Ethena may be via a crypto exchange that offers instant AUD purchases using a debit or credit card, such as Binance, CoinSpot or Kraken.

However, while this method is the most straightforward, you're likely to pay higher fees than you would by buying it off an exchange's spot market.

If you're familiar with decentralised exchanges and have your own crypto wallet, you can also buy Ethena directly via Uniswap.

What do I need to buy Ethena?

If you're buying Ethena via a crypto exchange, you'll need the following to get started:

  • ID document. You'll need to verify your account using a recognised ID document such as a passport or drivers licence.
  • Payment method. As we mentioned above, many exchanges let you purchase crypto directly using your debit or credit card, or by depositing AUD via bank transfer.

The Ethena vision

The Ethena team is looking to build the Internet's money by creating an alternative digital currency system built on, and for, the internet.

While other projects are exploring other sectors, Ethena is working towards fulfilling cryptocurrency's original purpose as outlined in the Bitcoin whitepaper - to be a legitimate form of money.

By 2025, Ethena had become one of the top 10 largest DeFi protocols by total value locked (TVL), according to DefiLlama.

What makes Ethena important?

Ethena has created a scalable crypto-native, collateralised stablecoin that is backed by cryptocurrency instead of US dollars.

This solves many of the issues with centralised stablecoins, namely custodial risk, relying on traditional banking infrastructure and the collateral yield not being passed on to the holder.

The US Treasury bond market is worth US$30 trillion and serves a vital purpose in global money markets, but there has been no similar bond-like asset in the crypto markets.

Ethena's sUSDe (the so-called "Internet Bond") is a crypto-native equivalent that combines the stability of a stablecoin with decentralised, censorship-resistant backing and allows DeFi users to earn a crypto-native yield.

How does the Ethena ecosystem work?

Ethena has launched a number of digital currencies and stablecoins, including its flagship USDe and native ENA token:

USDe

A synthetic dollar, USDe is designed to be a crypto-native currency that doesn't rely on traditional banking.

Unlike a regular stablecoin (such as USDT or USDC), the USDe price isn't backed directly by US dollars.

Instead, it uses a "delta neutral" strategy, meaning it hedges its fully-backed collateral (ETH and BTC) by taking a corresponding "short" position on the price of Bitcoin and Ethereum.

sUSDe

Holders can also stake USDe in the form of sUSDe and receive a yield (currently around 10-11% APY). This yield comes from underlying staked assets (e.g. staked ETH) and the funding rates from the futures positions held to peg the price of USDe.

As a result, sUSDe has been called the "Internet Bond".

sUSDe can also be used as collateral in various money markets, including centraliased and decentralised exchanges and margin trading, as well as support interest rate swaps and stablecoin infrastructure.

ENA

ENA is the governance token of Ethena, which means ENA holders can vote on strategic proposals and help influence the direction of the Ethena protocol.

ENA can also be staked in the form of sENA and earn rewards, including unclaimed ENA from previous airdrop distributions.

Who is on the Ethena team?

Ethena was founded in 2023 by Guy Young, who had previously spent a decade working in traditional finance including 6 years at Cerberus Capital Management.

Young was inspired to start Ethena Labs by an article by BitMEX founder Arthur Hayes that floated the concept of an on-chain crypto-collateralised currency using hedged crypto.

Notable crypto figures like Hayes and Jordan Fish (CryptoCobain) have invested in Ethena Labs.

Ethena is also backed by Binance Labs, ByBit, Deribit, Fidelity Investments, OKX Ventures and Franklin Templeton.

How far is ENA from its all-time high?

Ethena's price: $0.279888 USD
ATH date: April 11, 2024
18.41%

Ethena ATH: $1.52 USD

Ethena (ENA) AUD live price

Use our graph to track the performance of (ENA) over time.

How we keep this Ethena guide up-to-date

  • ENA price data is regularly updated through data feeds so you always have the latest information.

Ethena at a glance

Information last updated December 03, 2025 03:12 UTC.
Coin symbol ENA
Coin Marketcap AUD$2,077,450,314
Total ENA supply 15,000,000,000
Circulating ENA 7,423,437,500
Current price AUD$0.43102752
All time high AUD$3.6036
Notable team members
Industry
Token uses
Network

Ethena price performance over time

Historical prices compared with the price of $0.43102752.

1 hour 0.19%
24 hours 9.10%
7 days 1.50%
14 days 5.04%
30 days -21.17%
60 days -52.38%
200 days -21.96%
1 year -65.18%

Crypto news update: December 2025

Despite dipping in September, the price of Bitcoin is up over 8% in the last month with Ether following at 4%. Meanwhile, Altcoins have been having a moment with BNB one of the top performers, jumping over 20% in the last 30 days alone, XRP up 6% and SOL having jumped 11%.

Meanwhile crypto exchanges in Australia will soon need to hold a financial services license (AFSL) under new draft legislation. Once rolled out, it means exchanges will be held to the same reporting and compliance standards as superfunds and online brokers.

Thomas Stelzer Kylie Purcell is the Senior Investments Editor for Finder.

Sources

Disclaimer: Cryptocurrencies, including Ethena, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of ENA is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Ethena or any other cryptocurrency discussed.

Fred Schebesta's headshot
To make sure you get accurate and helpful information, this guide has been reviewed by Fred Schebesta, a member of Finder's Editorial Review Board.
Thomas Stelzer's headshot
Written by

Journalist

Tom Stelzer is a journalist with 6 years of experience covering personal finance, specialising in investment and cryptocurrency. With a Master of Media Arts and Production and a Bachelor of Communications in Journalism from the University of Technology Sydney, Tom provides expert analysis on digital assets and market trends, helping readers navigate the fast-evolving world of finance. See full bio

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