The overall mission of ENS is to be a distributed naming system for domains based on Ethereum’s blockchain. The main goal is to essentially make domains readable for both humans and machine-based identifiers like an alphanumeric Ethereum wallet address. Additionally, ENS supports reverse resolution that makes metadata like canonical names associated with Ethereum addresses. Similar to the DNS, which is the internet’s Domain Name Service which hosts websites like many of the ones we’re familiar with today (Google and Amazon). Similar to DNS, ENS operates with a hierarchy that allows the main domain owner to also own any of the subdomains that stem from it. The highest-level domains that end in suffixes like .eth and .test are owned by smart contracts that are called registrars. These registrars can specify rules for the governance of subdomains.
The best place to buy Ethereum Name Service is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Bitcoin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.
Yes, Swyftx is a safe and secure platform to buy and sell Ethereum Name Service (ENS). Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security.
Swyftx is a AUSTRAC registered exchange that conducts regular security audits and maintains strict compliance with Australian Anti-Money Laundering and Counter-Terrorism Financing Laws.
You can find more information on our security practices here.
The price of ENS is determined by the forces of supply and demand in the market. Similar to other assets, the price of Bitcoin is determined by the number of buyers and sellers in the market at any given time.
Some significant factors that can influence the demand for Bitcoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.
You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:
Swyftx also allows you to deposit cryptocurrency from another wallet into your account.
Swyftx does not allow you to directly buy Ethereum Name Service with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy ENS instantly.
Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.
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