How to Buy Einsteinium - Where to Purchase EMC2?
Einsteinium is a Proof of Work cryptocurrency uniquely designed to support crowdfunding projects targeting various causes, including science, technology and charity. The EMC2 is the native token of the Einsteinium ecosystem.
Like Bitcoin, Einsteinium creates new EMC2 coins through the process of mining, a process that helps secure the network and make it worth investing in. This guide will show you how to buy the token, including what payment method is the easiest to use, factors to consider before you buy and how to safely store your coins once you acquire them.
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Why Trade rather than Buy Einsteinium for Cheap and Fast Returns?
You Don’t Need a Wallet:
You trade on the price movement of the coin without having to buy and store it.
You Can Use Standard Payment Methods:
All regulated brokers accept popular methods of payment such as credit/debit card and bank transfers.
Trades Are Fast and Withdrawals Are Easy:
Trades are executed within seconds and withdrawals will reflect instantly in your account.
What is the Easiest Way and Best Way to Buy? Compare the Top Einsteinium Brokers
As mentioned above, Einsteinium is one of the most popular cryptocurrencies in the market today and is supported by many platforms.
There are several broker platforms that rank as the best places to buy Einsteinium. The only thing you need to do is find one that suits you. The recommended platforms are usually those that are regulated by tier 1 regulatory bodies like FCA, CySEC and the US SEC. These brokers are also highly reputable, with many years of service provision. Before you settle on any one of them, ensure you research thoroughly. This will help you determine which one offers the security your investment deserves as well as the customer experience that makes it easy to buy/trade EMC2.
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.
Ultimate Beginner's Guide to Trading Einsteinium
What is an Einsteinium Broker?
An Einsteinium broker is a platform that allows you to buy and sell financial instruments, including cryptocurrency but without buying the actual or underlying assets. You only need to create an account and fund it to start buying or selling instruments like crypto, shares and commodities. Brokers offer these services through products such as contract for differences (CFDs), options and futures.
One advantage of top broker platforms is that they are regulated or registered entities that provide a secure platform to trade through the above products. There are several recommended brokers in the market and the brokers that provide for Einsteinium trading do so via CFDs.
What is an Einsteinium CFD?
A contract for differences (CFDs) is a popular derivative product that enables you to buy and sell financial instruments without actually owning them. Instead of dealing with the Einsteinium token, for example, a CFD would allow you to invest and profit from EMC2 by just speculating on its price movement. When you trade via a CFD, you can profit from price movement in either direction- whether the price goes up or falls. It is an easy way to invest in cryptocurrency as you don't need to go through all the processes of setting up a wallet or worrying about future gains.
While CFDs allow you such advantages, you need to understand how the market works and choose a secure platform for trading. Remember, there's a high risk of losing money when trading CFDs.
What is the Benefit of Einsteinium Regulation?
Being able to invest and transact in an environment that offers you safety and avenues for recourse is necessary as you seek to put your money in cryptocurrencies. For the most part, regulatory measures have seen the cryptocurrency sector become more appealing to the general public because regulations work towards better protection of investors and their funds.
Regulated Einsteinium brokers and platforms are registered as financial firms and service providers in various jurisdictions. This means you need to complete a verification process before you access all the services on the platform. A regulated broker providing trading services for EMC2 is therefore obligated to protect its users and is bound to compensate you if you lose your money through what might be deemed as the provider's fault.
If you choose to use an unregulated broker, you will be exposing yourself to potential identity theft, fraud and even loss of funds.
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.
The Verification Process for Trading Einsteinium
You need to verify your identity before you trade Einsteinium on a regulated platform, which is what we advise for purposes of safety and security. The fortunate thing about ID verification is that the process is usually simple and fast on most platforms.
We suggest that you have identification documents ready in the soft copy before you start registering for an account. Accepted documents include the national ID/passport, driving license or utility bill. While these documents might expose personal data, they are crucial as we said, to keep the trading environment safe. Remember that unlike the shady brokers out there, regulated firms are bound by law and will not share your data without your express permission.
Einsteinium: Long vs. Short Term Investment
Every investor needs to have a clear goal and strategy before they put money into an investment project. This is a guiding principle that you should also have when looking to buy EMC2.
Basically, you need to decide whether you are going long or short on Einsteinium. A long-term investment would mean buying and holding the cryptocurrency in a wallet for an extended period. People who choose the long-term investment strategy understand the cryptocurrency in question and invest for several months or years. In crypto, a long-term investor is also called a 'hodler' which is a term that generally means holding onto the position no matter how things unfold in the short term.
If you decide on a short investment strategy, you are looking to cash out after achieving a certain short-term objective. In this case, you don't have to buy and hold the asset. You can choose to trade EMC2 through CFDs and profit from its short-term price movements.
Why Buy Einsteinium rather than Trade?
You can buy, sell, or trade Einsteinium as you would any other cryptocurrency asset. Your risk tolerance will likely inform whether you should buy and hold this specific cryptocurrency rather than trade it. However, you might want to buy and hold EMC2 tokens instead of trading them because of two main reasons:
First, buying gives ownership of the cryptocurrency. You are free to do what you want, including participating in the Einsteinium ecosystem to help fund scientific and charitable projects. Secondly, you don't have to worry about short-term volatility, and the risk of losses is a lot lower compared to trading. Just remember that you need to do due diligence and ensure you safely store your coins.
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 anytime. No actual tokens or wallets are involved here and the process is much simpler.
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Frequently Asked Questions
You need an account on a supported platform, funds and a wallet to store the purchased coins.
Yes. Although there is no direct purchase as of now, you can buy Bitcoin or Ethereum with your credit card or bank card and use the crypto to buy EMC2. You can also pay with EUR if you buy from a local seller.
This depends on the current EMC2 price, which might change given cryptocurrencies are volatile. The best way to find out is to check prices on major exchanges and brokers.
Unless you are actively trading the coins, the advice is to move the coins into a wallet you own.
Yes. Ether is a major altcoin that many platforms list as a trading pair with EMC2.
Credit card It is a payment method supported on several platforms.
You can buy Einsteinium instantly on many reputable exchanges that are fast and easy to use. You only need to have an account and funds to pay for the purchase.
The total supply for Einsteinium is fixed at 299 million coins, which are released via mining.