Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy Ethereum Name Service. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!
Australia has a decent number of popular and regulated crypto exchanges, so it’s quite easy finding an exchange that has Ethereum Name Service. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.
Let’s get into it!
How to Buy Ethereum Name Service in Australia
There are only 4 main steps involved and it’s pretty straightforward:
- Choose a crypto exchange
- Sign up with the exchange
- Fund your account with AUD
- Buy Ethereum Name Service
1. Choose a crypto exchange
As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has Ethereum Name Service in its list of cryptocurrencies.
Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.
And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.
So for this guide on buying Ethereum Name Service, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer Ethereum Name Service.
Or, if you’d like to know more about which exchanges we like, check our list of the cryptocurrency trading platform.
2. Sign up with the crypto exchange
Once you’ve decided on which exchange to use, it’s time to sign up.
Swyftx has a very streamlined sign-up process in place. The first step is to fill in the sign-up form.
Next up is to go through their basic verification process, called a KYC, which is required by law here in Australia. This should be very quick and easy.
Once done, it’s time for the next step.
3. Funding your account with AUD
To buy Ethereum Name Service, you first need to transfer AUD to your Swyftx account using one of the many deposit methods available. From bank transfer to PayID, POLi pay and credit cards, plenty of options to choose from.
4. Buy Ethereum Name Service
The final step is to go to their asset list, find Ethereum Name Service, navigate to the buy section, and then trade your AUD for some ENS. Once you’ve bought Ethereum Name Service, you can track how much you’ve gained or lost either in the app (they have a great app), or on desktop on the left-hand side under your cryptocurrency list.
Where to Buy Ethereum Name Service (ENS)
|5/5||300+ cryptocurrencies||Visit Swyftx|
|4/5||200+ cryptocurrencies||Visit Coinspot|
|3/5||400+ cryptocurrencies||Visit Binance|
Disclaimer: Trading, investing, and dealing with digital and cryptocurrencies might involve a lot of risks. Their prices are volatile and performance is unpredictable. Their past performance is no guarantee of future performance.
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How to Sell Ethereum Name Service
If you’re thinking about selling Ethereum Name Service, just follow the steps below.
- Sign in to the crypto trading platform (like Swyftx).
- Click on Ethereum Name Service in your list of cryptocurrencies, or find your trading account if you’re using an exchange with different accounts.
- FInd the sell section and sell Ethereum Name Service for AUD, or trade it for another cryptocurrency.
Frequently Asked Questions
Is buying Ethereum Name Service in Australia legal?
Yes, you can legally buy and trade cryptocurrencies in Australia. We do of course recommend only using crypto exchanges regulated by AUSTRAC.
How to buy Ethereum Name Service with PayPal?
Unfortunately, most crypto exchanges in Australia don’t support PayPal. The only exchange that you could use is eToro, but their cryptocurrency list is quite limited so you might not find Ethereum Name Service. Have a look on their site first, you might be lucky.
How to buy Ethereum Name Service with a credit card or debit card?
Most top exchanges support buying crypto with a credit or debit card. We would recommend Swyftx to buy Ethereum Name Service with your credit/debit card.
About Ethereum Name Service
The Ethereum Name Service (ENS), a distributed and open extensible naming system based on Ethereum blockchain is a distributed and open extensible system. ENS converts human-readable Ethereum addresses like john.eth into machine-readable alphanumeric codes you can access from wallets such a Metamask. You can also reverse this process by associating machine-readable metadata and addresses with human-readable Ethereum addresses.
The Ethereum Name Service's mission is to make Ethereum-based websites more user-friendly and easier to understand. Similar to how the Internet's Domain Name Service makes it easier to use, this is the goal of the Ethereum Name Service. ENS is similar to DNS. Domain owners are in complete control of their subdomains.
ENS was launched in November 2021. It had a successful retroactive airdrop, which rewarded users who registered addresses prior to the token's launch. In February 2022, its director of operations criticized it for homophobic tweets.
Ethereum Name Service is unique because it transfers Domain Name Service from decentralized Web3.
ENS is not a corporation, but an open-source project. It describes itself as "an open utility that belongs in the business." It is a Web3 infrastructure piece that Web3 considers as crucial as the internet's DNS. ENS is more secure than other platforms, and it doesn't have a single point of failure.
ENS aims to overcome one of the biggest obstacles to widespread adoption blockchain technology. Its accessibility and ease of use are its main goals. Users no longer need to memorize complicated but machine-readable alphanumeric code codes. Instead, they can access any crypto or NFT by clicking a link. It is easier to use blockchain technology, and less technical.
ENS is built on two smart contracts. The first smart contract is an ENS registry which records domains that have been registered on ENS. It also contains the following information:
- The domain owner
- The domain resolver
- All domain records are simultaneously cached
The second smart contract is the resolver. It is responsible for translating machine-readable addresses into domain name and vice versa. Each domain will be matched with its user, website, or address.