One article explains in detail all the ways to obtain Electroneum (ETN) coins

Mining Electroneum requires a mobile phone or computer equipped with the Electroneum app, an internet connection, and adjustable difficulty and payout threshold settings.

Jan 08, 2025 at 02:56 pm

Key Points:

• Electroneum is a mobile-first cryptocurrency focused on accessibility and ease of use.
• Mining Electroneum requires a mobile phone or computer, internet connection, and Electroneum app.
• Purchasing Electroneum can be done through exchanges or peer-to-peer platforms.
• Earning Electroneum through activities like playing games, completing surveys, and referring others expands accessibility.
• Merchants' adoption allows for spending Electroneum on goods and services.

Mining Electroneum

1. Download the Electroneum App: The Electroneum app is available for Android, iOS, and Windows operating systems. Create an account and set up a secure password.
2. Configure Mining Settings: Open the app and navigate to the "Mining" section. Adjust the mining difficulty and set a minimum payout threshold.
3. Start Mining: Tap the "Start Mining" button. The app will utilize the phone's processing power to mine ETN. Note that cloud mining is not supported by Electroneum.

Purchasing Electroneum

1. Identify Exchanges Listing ETN: Several reputable cryptocurrency exchanges support Electroneum trading, including Gate.io, Bittrex, and KuCoin.
2. Create an Exchange Account: Register on the chosen exchange and complete the identity verification process.
3. Fund the Account: Deposit funds into the exchange account using supported fiat currencies or other cryptocurrencies.
4. Place a Buy Order: Navigate to the Electroneum trading pair, enter the desired purchase amount, and select the order type. Confirm the trade and wait for the transaction to complete.

Earning Electroneum

1. Play Games: Electroneum's partnership with mobile game developers allows ETN rewards for playing popular games like Angry Birds Match and Arkadium's Bubble Shooter.
2. Complete Surveys: Join survey platforms like TapResearch and EarnHoney to earn ETN for providing insights and feedback.
3. Refer Friends: Share your Electroneum app referral link and earn bonus ETN when your friends join and start using the app.

Spending Electroneum

1. Adopt Merchant Services: Electroneum facilitates mobile payments for merchants, allowing them to accept ETN for goods and services.
2. Use Mobile Wallets: Electroneum wallets allow users to send, receive, and store ETN. Mobile wallets integrated with merchants enable seamless payments.
3. Convert to Fiat: Electroneum can be converted to fiat currencies through exchanges or peer-to-peer platforms. Withdraw fiat funds to a bank account or prepaid card.

FAQs:

Q: What is the difference between cloud mining and mobile mining?
A: Cloud mining involves renting computing power from a third-party provider, while mobile mining utilizes the processing power of a mobile device. Electroneum officially supports mobile mining only.

Q: Can I use multiple devices to mine ETN?
A: Yes, multiple devices such as phones or computers can be used to mine Electroneum simultaneously. However, the rewards are shared among all devices, and the efficiency may vary depending on the device's specifications.

Q: Are there any transaction fees for sending or receiving Electroneum?
A: Electroneum's transaction fees are designed to be low and affordable. The fees may vary slightly depending on network congestion and transaction priority.

Q: How can I secure my Electroneum holdings?
A: Use strong passwords, enable two-factor authentication, and consider using hardware wallets for offline storage. Backup your wallet's recovery phrases or private keys in a safe location.