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Home»Blog»What Is Ethereum Name Service (ENS) and How to Buy It
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What Is Ethereum Name Service (ENS) and How to Buy It

George BitsounisBy George Bitsounis4 Ιανουαρίου, 2024Updated:4 Ιανουαρίου, 2024No comments4 Mins Read
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Table of Contents

  • What is Ethereum Name Service (ENS)?
  • Where to Buy ENS Technical Analysis
  • How to buy ENS

What is Ethereum Name Service (ENS)?

ENS or Ethereum Name Service is a domain system that allows Ethereum users to acquire and manage unique and easy-to-use Ethereum addresses. ENS names are similar to Internet URLs, but instead of numbers, they use names that are easy to remember. For example, instead of using the address Ethereum 0x12345678901234567890123456789012, you can use the name “myname.eth".

Ethereum Name Service (ENS)

ENS is an open source project developed by the Ethereum Foundation team. ENS names are registered in a decentralized database called Namebase. To obtain an ENS designation, you must purchase a name from an ENS denominator. ENS Namers are users who have registered ENS names and offer them for sale.

bought the ens from BYBIT

ENS names have several advantages. They are easier to remember than Ethereum contract addresses. They can also be used to create more attractive and easy-to-use user interfaces for Ethereum applications. In addition, ENS names can be used to create more private and secure systems.

ENS is an important project for Ethereum. It helps improve the use of Ethereum and make it more accessible to a wider audience.

ENS cryptocurrencies are the currency used in ENS. They are used to buy and sell ENS names. ENS cryptocurrency is an ERC-20 token based on Ethereum.

ENS is a relatively new project, but it has already gained a lot of popularity. ENS is an important project for Ethereum and has the potential to change the way we use Ethereum.

Where to Buy ENS Technical Analysis

The ENS cryptocurrency is a great project that has a lot to give to Ethereum even after its announcement Vitalik Buterin for ENS the cryptocurrency made a big rise.

Now the technical analysis to buy DCA is in two points. First level is for the market to cross the cpr and enter a range between $14,44 and $24 but it is an expensive level to buy which for me has elevated risk.

The second level I would like to buy a DCA is at $10,64

How to buy ENS

To buy it ENS, you should open an account on a cryptocurrency exchange that supports the ENS. We will buy it from the Exchange bybit

bought the ens from BYBIT

Then it will take you to the page to register, you will write it Email and code and you will press Get My Welcome Gifts and it will take you to the home page.

Bybit Exchange | Registration Guide & How It Works

After you have completed your registration and deposited the money you want. You should be on the bybit home page and tap on the option Shop and after Trading Spots.

You will then type in the search ENSand it will take you out ENS/USDT and you will click on it to bring up its diagram ENS.

Just press ENS/USDT it will put you on its chart ENS and on the right you will press the option Buy after the class market and finally you put the money you want to buy the cryptocurrency and press the button Buy ENS.

LIABILITY DISCLAIMER:

Cryptocurrency trading is VERY risky. Make sure you understand these risks if you are a beginner. The Information in the post is my OPINION and not financial advice. You are responsible for what you do with your money

Affiliate Disclaimer:
The above links to the services mentioned may be affiliate links. If you use the service through them then you help the BitsounisProject to continue to exist, at no extra cost to you.

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George Bitsounis
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My name is Giorgos Bitsounis and I have been dealing with crypto since 2014 and after several years in 2019 I decided to start this website and YouTube channel with the aim of helping as many people as possible to get started in Cryptocurrencies.

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