How to Buy Einsteinium (EMC2) in 3 Simple Steps

5 Things to Consider if you Want to Buy Einsteinium

As you will shortly find out, investing in cryptocurrency through buying is not a complicated process. However, you shouldn’t just rush into making investment decisions, whether it’s in crypto or elsewhere. To help you, we have listed five things to keep in mind before you go on to buy Einsteinium from a cryptocurrency broker or crypto exchange. 

1. Carefully choose your preferred secure payment method

There are different ways of depositing funds into a cryptocurrency account. Some are fast but expensive, others slower but less costly. To get the one that suits you, therefore, requires that you choose from those supported by the particular platform you intend to use. In most cases, you are looking at payment methods such as credit and debit cards, bank transfer, PayPal, Cash, and e-wallets such as Neteller and Skrill. As mentioned above, you should evaluate and compare different platforms on features like fees and speed. 

2. Will you need to set up your own wallet?

Whether you need to set up a wallet or not depends on where you buy the cryptocurrency and how long you intend to hold it. If you are using a cryptocurrency exchange to buy Einsteinium and plan to trade it immediately, then you would probably be okay using the exchange’s built-in wallet.  This is usually a custodial wallet that offers you convenience if you plan to trade the asset.

If your goal is to buy and hold EMC2 as a long-term investment, the best option would be to set up a private wallet and move your assets off the exchange. This way your funds will be more secure and you have full control over how to spend and trade them.

Note that if your plan isn’t to buy the actual EMC2 coins, there would be no need to have a wallet. You simply create an account with a broker and buy or sell Einsteinium.

3. Comparing costs

Compare costs on different platforms and networks as you prepare to buy EMC2. You might have to put in some effort, but the whole exercise will be worthwhile when you get the best deal for your money. The easiest way to go about this is to look at reviews from trusted sites and user testimonials referencing what it costs to buy Einsteinium on that platform.

4. Safety and security

The key to your investment in any cryptocurrency is how safe or secure your funds are after you acquire them. The crypto space is still a nascent field and thus continues to grapple with security threats posed by cybercriminals. While security lapses and breaches can happen anywhere anytime, exchanges are the most vulnerable to such attacks.

Although many platforms have significantly revamped their systems to keep off malicious actors, part of the responsibility lies squarely on you as an investor. Protect your account with a strong password, enable 2FA and use anti-malware apps if possible.  With no broker or exchange guaranteeing you 100% protection, the above measures are critical. Better still, move your funds off the exchange and into a secure wallet, probably one that offers offline storage.

5. Can you understand and navigate the platform?

Before you put your money into an exchange or broker account, make sure you understand how the platform works. You should be able to navigate most of the platforms easily, however, some trading platforms could prove to be a little complex for a beginner.

In this case, you should target a platform with a beginner-friendly user interface and one where you won’t get lost trying to locate simple functionalities like depositing funds, buying, withdrawing coins, or trading them for others.  Some brokers have demo accounts that you can use to familiarise yourself with the system. If possible, use recommended platforms.

What is the Best Payment Method for Buying Einsteinium?

As briefly mentioned above, you have several payment methods to choose from when looking to buy Einsteinium. Let’s look at some of these methods below. 

Buy Einsteinium with a credit/debit card: Buying EMC2 with a credit or debit card is the easiest way to purchase Einsteinium. It’s accepted widely across exchanges and brokers and offers a fast way to buy any cryptocurrency. Go to any platform that supports buying EMC2 and select credit/debit card as your payment method when depositing funds into your account. After that, instantly buy Einsteinium with a card. If the platform does not support direct credit or debit card Einsteinium purchase, you can buy one of the major coins and trade it for EMC2.

Buy Einsteinium with bank transfer: This is yet another way to easily buy Einsteinium, though it is a much slower process. The advantage is that it’s much cheaper than a credit card. Like in the above instance, you can opt to buy other crypto and use it to get Einsteinium if your chosen broker does not support a direct EMC2 purchase with a bank transfer.

Buy Einsteinium with Cash: You might also want to buy EMC2 and pay with cash, which is possible if you already have contact with a seller. In most cases, you might choose this method if you are using a peer-to-peer (P2P) platform. Crypto ATMs are also a better way to buy and pay with cash, although the service is not yet available for Einsteinium.

What Fees are Involved in Buying Einsteinium?

Buying Einsteinium can attract various fees and costs, the real impact of this depends on the exchange or broker.

Deposit fees: You might have to consider how much it costs to deposit money before you choose a payment method or platform. While most exchanges and broker platforms list no deposit fees, you should count what your credit card provider or bank charges for every deposit.

 Withdrawal fees: Some platforms charge withdrawal fees when you move your coins from the exchange or cash out through fiat. The fee is, however, usually very small.

Transaction fees: Transaction fees apply when you buy or sell cryptocurrency. For Einsteinium, the transaction or mining fee is always minimal but there is an incentive for miners to process the transaction.

Safely Storing Your Einsteinium

Before you choose a cryptocurrency wallet in which to safely store your Einsteinium, you might have to understand the different types of wallets. Here is a brief explanation of each and a few examples you can consider.

Web Wallets: Web wallets, also called “hot wallets” are built into an exchange or other crypto platforms. They are always online to allow for 24/7 buying and selling, thus very convenient for traders. However, they are more vulnerable to security breaches like cyber attacks. Only keep EMC2 you intend to trade in hot wallets, while the rest can be moved off the exchange. 

Mobile Wallets: Mobile wallets work on your mobile devices and offer better security than web wallets. They are also convenient but can be vulnerable if the device remains connected to the internet for long periods.

EMC2 supports mobile wallets for Windows, Mac, and Android devices. Top options include Weee Cash, Lightsaber, and Coinomi.

Desktop wallets: Unlike mobile wallets, desktop wallets only store your private keys on your computer. They are less convenient compared to the above options, but more secure. You can ensure additional safety through a strong password, 2FA, anti-virus, and anti-malware apps. EMC2 supports Coinomi for desktop.

Hardware Wallets: Hardware wallets are offline USB-like devices that offer cold storage. They are the safest when it comes to crypto security as they stay largely offline and only connect to the internet when one wants to send or spend coins. Security measures include an unlock code, passphrase and a seed key. Hardware wallets are best if you wish to hodl EMC2. Ledger and Trezor wallets are two of the best there is in the market.

Wallet Combinations: Instead of using just one of the above wallets to store EMC2, you can choose to combine two or more options for a truly secure experience. This is achieved through wallet combinations, which happen when you interlink different types of wallets. You can use your desktop/mobile wallet to store coins you trade from time to time and keep the rest in a hardware wallet.

What Other Coins Can I Trade or Use to Buy Einsteinium?

As you might not directly buy EMC2 with fiat money on major exchanges and brokers, the logical step is to buy another cryptocurrency and use it to purchase EMC2.

You will find most platforms support Bitcoin (BTC) and Ethereum (ETH) trading pairs, which are the two top coins you can use to buy Einsteinium.

To buy EMC2 with BTC for instance, go to an exchange that supports both Bitcoin and Einsteinium. On the Buy page, use your credit card to buy BTC. Once the coins are in your account, initiate another purchase and choose the payment method as BTC. Input the amount of EMC2 you wish to buy and proceed to complete the transaction. Apart from BTC and ETH, you can also buy USDT and trade it for EMC2.

What’s the Smallest and Largest Amount of Einsteinium I Can Buy?

Einsteinium is usually available for purchase as a whole unit, which means if you buy the coin it is a whole EMC2 and not in small amounts. The price of the cryptocurrency is $0.2575 as of writing, making EMC2 an affordable asset for anyone looking to invest in it. However, some jurisdictions may impose a limit on the total amount of assets you can purchase depending on the local laws. 

Can I Buy Einsteinium Anonymously with no ID? Is it Safe and Legal to Buy Einsteinium?

It is possible to buy Einsteinium anonymously. For example, if you use a P2P exchange and buy Einsteinium directly from a seller, you can have anonymity. But note that although transactions are cryptographically secured on the blockchain, the record is public and therefore not completely anonymous.

As mentioned earlier, buying EMC2 without verification is not advisable because that means using unregulated platforms. This in turn might expose you to attacks and potential loss of funds.

Will Buying Einsteinium Make Me Money?

While past price performance cannot be used as a definitive indicator of a coin’s future value, the fundamental and technical outlook does offer the insight by which we can predict future performances. Looking at EMC2, we see its price has increased before, rising from lows of $0.000025 to $2.88.

Although a valuation of $0.2575 as of writing is over 91% down from that high reached in December 2017, there’s potential for the price to rally once more to turn profitable as per some experts. Pointers to this include several corporate partnerships, a strong community, and a roadmap that envisions having the EMC2 coin used natively on a new social media application.

Do you want to buy Einsteinium, or are you concerned if buying now gives you the advantage of getting EMC2 at the best price? Visit our Einsteinium Buy Page to get all the information on the price history of this coin.  

How to Spend your Einsteinium

Einsteinium can be used in many ways, giving you many options for spending the funds. One option is to use EMC2 as a medium of exchange, which means paying for goods and services online using the coin. Several online retailers have begun to accept Einsteinium, including video game vendors, real estate and entertainment sites. One major online store you can check out is 4YOUEMC2. This is a marketplace that allows you to pay with EMC2 for a wide range of products.

How to Sell your Einsteinium

Selling Einsteinium is easy and fast on a cryptocurrency exchange or peer-to-peer platform. If it’s the latter, sell directly for cash and transfer the EMC2 to the buyer’s wallet. If it’s an exchange, you can sell EMC2 for fiat or other cryptocurrencies. Withdraw your funds off the exchange into a bank account. If you trade using a CFD, the process is quicker and you can choose to close the CFD trade at any time. No actual tokens or wallets are involved here and the process is much simpler.