Electroneum Fees

Deposit, Trading & Withdrawal fees

Electroneum Exchange Fees

by exchange site

	Dep. Deposit fees	Trade Trading fees	Withdrawal Withdrawal fees
Huobi	-	0.2%	150.0 ETN	Sign up
Kucoin	-	0.1%	150.0 ETN	Sign up

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What is Electroneum?

Electroneum is a UK-based cryptocurrency consisting of around 50 employees. Launched in 2017 with a $40 million ICO, their platform provided a mobile-first payment solution for the world’s unbanked population, which to this day accounts for more than 1 billion people worldwide. Whilst the Electroneum app enables anyone to hold and transfer value in ETN instantly across the world at very little cost (a fraction of a US cent), it’s their complimentary platforms that has led the company to become one of the most widely used cryptocurrencies to-date with 4+ million users worldwide. From a regulatory standpoint, Electroneum voluntarily introduced KYC and AML compliance procedures in 2018 ahead of the European 5th Anti-Money Laundering Directive, ensuring all new users are onboarded accordingly and that Electroneum operates within guidelines set out by the 5th EU AML directive (and as subsequently enshrined in the laws of England & Wales).

Cryptocurrency Payments Mobile Wallet Mining Cryptonight Proof Of Work Privacy & Security Premine

Launch date n/a

Development status Working product

Whitepaper Link

Org. Structure Centralized

Open source Yes

HD Wallet No

Consensus type Proof of Work

Hash algorithm CryptoNight

Electroneum sites

Explorer

https://blockexplorer.electroneum.com/

Source code

https://github.com/electroneum/electroneum

Website

https://electroneum.com/

https://www.reddit.com/r/Electroneum

Facebook

https://facebook.com/electroneum

Coin categories

Cryptocurrency

Digital asset designed to work as a medium of exchange that uses cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.

Payments

Payment systems, micro-transactions and transfers.

Mobile

Mobile applications, mobile data and telecommunications operators.

Wallet

Multi-cryptocurrency wallets for users.

Mining

It's the process by which transactions are verified and added to the public ledger, using computing power

Cryptonight

It's an algorithm that altered version is used by Monero, etc. (original - ASIC mining, altered version - CPU mining)

Proof Of Work

Algorithm wherein the more a miner pays for the computing equipment required to crack the cryptographic puzzle, the better chances there is to score the right to mine the blocks.

Privacy & Security

Cryptocurrency providing security, anonymity and privacy

Premine

A premine is where a developer allocates a certain amount of currency credit to a particular address before releasing the source code to the open community.

Team members

	Position	Links
Richard Ells	CEO & Founder
James Atkinson	Head of Development
Adam Atkinson	Javascript Developer
Ben Whomsley	Head of UX & Design
Costin Cristoi	UI/UX design

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