How to Buy Ethereum Name Service (ENS) in Australia

1. Choose a crypto exchange

First things first, you need an exchange that both has Ethereum Name Service, and is trustworthy!

You can find our top 3 exchanges for buying Ethereum Name Service here, alternatively you can also check our comparison of the best Australian cryptocurrency exchanges if you’re generally interested in seeing which exchanges work for Australians.

2. Sign up with the crypto exchange

Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.

3. Fund your account

The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.

4. Buy Ethereum Name Service

And of course, the final step is to find Ethereum Name Service on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.

Where to Buy Ethereum Name Service (ENS)

ExchangeRatingAvailable CryptocurrenciesFeesVisit Site
Swyftx Logo5/5350+0.6%VISIT SITE
Binance Logo4.5/5300+0.1%VISIT SITE
Digital Surge Logo4/5200+VariesVISIT SITE

How to Sell Ethereum Name Service

  1. Sign into the exchange
  2. Find where you stored your Ethereum Name Service, either on a hardware wallet or on the exchange.
  3. Transfer your Ethereum Name Service to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
  4. Sell Ethereum Name Service.
Businessman looking at crypto trend

Considerations when looking to buy Ethereum Name Service.

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

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 tweets that were homophobic.

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 NFT via a simple link. This makes it easier for users to use blockchain technology and less technical.

ENS is built upon two smart contracts. 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.