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How to buy Ethereum Name Service (ENS) in Australia

Learn how to buy Ethereum Name Service (ENS) on 19+ crypto exchanges in our step-by-step guide.

OFFER

Binance Australia

Binance Australia logo
  • Trade ENS and 375 other cryptos.
  • Earn yield on your crypto holdings.
  • Earn up to US$100 in rewards by completing welcome tasks within 7 days of signup. T&Cs apply.
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Ethereum Name Service (ENS) is the 177th largest cryptocurrency by market cap, valued at US$462,767,209.

Ethereum Name Service is a highly volatile asset capable of major price swings in a single day. Today ENS is trading for $14.85 USD, which is higher than yesterday's trading price of $14.33 USD. Over the past year, Ethereum Name Service's price has seen an increase of 17%.

So before you buy Ethereum Name Service, make sure you understand these unique risks as well as its legal and tax status here in Australia.

If you're ready to get started, read on for step-by-step instructions on how you can use to buy Ethereum Name Service.

This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.

How to buy Ethereum Name Service in 5 steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy Ethereum Name Service is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit AUD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy Ethereum Name Service
    You can now exchange your funds for Ethereum Name Service. On beginner-friendly exchanges, this is as simple as entering the AUD or ENS amount you want to purchase and clicking "buy".
  5. Secure your Ethereum Name Service
    Consider transferring your ENS to a personal crypto wallet to protect against some of the risks of keeping it on an exchange, such as hacks, scams or platform bankruptcy.

Where to buy Ethereum Name Service in Australia

Find an exchange to buy, sell and trade ENS by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

1 - 5 of 20
Name Product Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Link
Kraken
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID, Apple Pay, Google Pay, SWIFT

7

235

Capital at risk

View details
Finder AwardExclusive
EXCLUSIVE
CoinSpot
Bank transfer, BPAY, Cash, Credit card, Cryptocurrency, Debit card, PayID

1

447

Get $20 in BTC when you make a deposit. T&Cs apply.

Capital at risk

View details
Exclusive
EXCLUSIVE
Swyftx
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID

3

352

Get $20 in BTC when you verify your account. T&Cs apply.

Capital at risk

View details
Exclusive
EXCLUSIVE
eToro Crypto
Bank transfer, Credit card, Debit card, Neteller, PayPal, Skrill, eToro Money

20

83

Get a US$50 bonus when you buy at least US$500 in crypto. T&Cs apply.

Capital at risk

View details
Finder Award
OFFER
Binance Australia
Credit card, Cryptocurrency, Debit card, Osko, PayID, Simplex, Banxa, Apple Pay, Google Pay

82

376

Earn up to US$100 in rewards by completing welcome tasks within 7 days of signup. T&Cs apply.

Capital at risk

View details
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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How we keep this Ethereum Name Service guide up-to-date

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

What is Ethereum Name Service?

Ethereum Name Service (ENS) is an ETH naming framework designed primarily for wallet addresses, hashes, and other key identifiers associated with the Ethereum blockchain. Built on the Ethereum blockchain, the protocol converts machine-readable addresses into human-readable addresses, with the aim of improving blockchain adoption and moving past one of the key psychological roadblocks of cryptocurrencies. The protocol functions in a manner that is akin to how the widely popular Domain Name System (DNS) works in relation to websites.

All cryptocurrency transactions require both a private and public key. The private key confirms the transaction and the public key serves as the address. Instead of users dealing with public addresses, that is composed of a random set of numbers and letters, Ethereum Name Service lets users create shorter 'Nicknames' for Ethereum wallet addresses. Once acquired, users can hand out the ENS address, which the Ethereum Name Service can then use to look up the correct wallet address and complete the required transactions. According to the project's documentation, the process is completely decentralised and functions thanks to a network of node operators. The ENS cryptocurrency token powers the Ethereum Name Service decentralised autonomous organisation (DAO). The ENS DAO controls all aspects of the protocol, with ENS token holders holding voting rights on how development should occur.

How do I find the best places to buy Ethereum Name Service?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Australia to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy Ethereum Name Service?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Ethereum Name Service.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing ENS with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What are the best ways to buy Ethereum Name Service?

Once you've created an account, you will need to deposit funds to buy ENS with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy ENS:

  • Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
  • Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
  • Cryptocurrency: You can usually purchase ENS by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for ENS on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy Ethereum Name Service?

The easiest way to buy ENS is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying ENS, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Ethereum Name Service has been performing recently.

Best Ethereum Name Service wallets to store your ENS

You can keep your ENS on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your ENS below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Go to site

Supported assets

5,500+

Supported assets

9,000+

Price (USD)

$149

Price (USD)

$179

Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is Ethereum Name Service a good investment?

ENS, like many other cryptocurrencies available in the market today, is subject to a high degree of financial turbulence and volatility. In this regard, here are a few points to consider before investing in the asset:

  • Unique operational proposition:Ethereum Name Service seeks to make transactions — taking place across the global crypto and DeFi markets — much more streamlined by allowing users to devise “universal nicknames” for all of their public addresses. Instead of clients having to utilise an unreadable string of keys for each crypto address, they can use a simple name such as “.eth”, allowing for more seamless transactions. This proposition could attract a lot of attention from the cryptocurrency community and from those that have not yet embraced cryptocurrencies because of the confusion regarding public and private keys. Any increase in demand for the service will increase the demand for the native token ENS.
  • Future ready:ENS features a highly decentralised operational setup that is capable of creating portable Web 3.0 usernames that can be used across a wide array of dApps and blockchains. Although currently focused on the Ethereum blockchain, the protocol is looking to expand to other blockchain networks. Users can also access other suffixes at the end of domain names such as .com or .org. This level of functionality may encourage user adoption.
  • Transparency driven design:As mentioned earlier, Ethereum Name Service is completely open-source and is not governed by a single entity. Instead, the platform is managed by a community-centric DAO (decentralised autonomous organisation), wherein owners of the ENS token have the power to submit proposals and thus have a direct effect on the protocol's development.
  • Advanced features:The project comes complete with a host of advanced features. For example, ENS domain name owners have the option to devise their own, personal 'subdomains' which can then be assigned and correlated to different pieces of data ranging from smart contracts to meta-info (and even regular financial transactions).
    • Today's Ethereum Name Service price versus ATH

      Compare today's price of Ethereum Name Service ($14.85 USD) against its all-time-high price of $83.4 USD on 11 November 2021. The closer the bar is to 100%, the closer ENS is to reaching its ATH again.

      Ethereum Name Service's price: $14.85 USD
      ATH date: November 11, 2021
      17.81%

      Ethereum Name Service ATH: $83.4 USD


      How to trade, convert or sell Ethereum Name Service

      You can convert or sell your ENS with the same exchange you bought it through:
  1. Sign in to the exchange you have ENS on.
  2. If you store your Ethereum Name Service in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of ENS you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Ethereum Name Service.
  6. Complete your transaction and move your ENS to a crypto wallet for storage.

How to buy other cryptos


Disclaimer: Cryptocurrencies, including Ethereum Name Service, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of ENS 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 Ethereum Name Service or any other cryptocurrency discussed.

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