How to Buy Ethernity Chain (ERN) – A Step-By-Step Guide

What is Ethernity Chain (ERN)?

ERN or Ethernity Chain is a platform that allows users to take benefit from the increasing popularity of NFTs. This crypto has surfaced as a blockchain-based platform and is placed by its developers as a DeFi project. What makes it stand out is the fact that ERN allows users to buy and sell NFTs on-chain. Ethernity Chain came out in March 2021 making it a recent entry to the crypto market. So, if you want to know how to buy Ethernity Chain (ERN), here are the steps that you need to follow.

How To Buy Ethernity Chain (ERN)

How to buy Ethernity Chain (ERN)

Step 1- Register On Any Crypto Exchange

ERN like many other cryptocurrencies can not be purchased directly. You will first need to buy Bitcoin (BTC) or Ethereum (ETH). To accomplish this step, you need to register on any of the credible crypto exchanges like Coinbase.

Step 2- Buy Cryptocurrency With Cash

Once registered on the crypto exchange, you can buy BTC or ETH by paying cash through bank transfer or using an instant cash deposit (applicable in some countries).

Step 3- Transfer Cryptocurrency To Altcoin Exchange

Now, you will need to transfer your purchased cryptocurrency to an exchange that allows ERN trading. Some of the popular altcoin exchanges include Gate.io, Binance, HotBit, and Poloniex. Just like other crypto exchanges, you will need to register on any of these first. While this may be valid, you may need to first check which of the altcoin exchanges allow OMI exchange.

Step 4- Deposit Your Crypto

After registering for altcoin exchange, you will be eligible to exchange your cryptocurrency. However, the exchange policies may vary depending upon the alt exchange you are using. On depositing BTC to an exchange, you will find a string of random numbers saying ‘BTC address’ in the exchange app. Once you locate it, click on ‘Copy Address’ or simply select the address by right-clicking and copying the address.

Now, head to your crypto exchange e.g. Coinbase, and go to the Portfolio page. Once the page is open, click on your assets list and then click ‘Send’.

You can now paste the copied wallet address to the ‘Recipient’ field and click on ‘Send’ to proceed.

Once your exchange is successfully through, you will receive a confirmation email from your altcoin exchange.

Step 5- Buy And Trade ERN

You can now open your altcoin exchange and select BTC from the options above the search bar. We choose BTC because we are trading bitcoins to purchase ERN. Now, type “ERN” in the search bar and you will find the available sets of pairs.

Select the pair to see the price chart. Once you are ready to make the purchase, click on the green button ‘Buy ERN’.

Following the above-mentioned steps, you can easily buy Ethernity Chain (ERN) with your BTC or ETH on any of the altcoin exchanges.

 

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