Electroneum Fees

Deposit, Trading & Withdrawal fees

Electroneum Exchange Fees

by exchange site
Dep. Deposit fees Trade Trading fees Withdrawal Withdrawal fees
- 0.2% 150.0 ETN Sign up
- 0.1% 150.0 ETN Sign up
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Cheapest exchanges for Electroneum

Use our Crypto Search Engine to find out which are the cheapest sites to buy or exchange Electroneum (ETN)

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 No
HD Wallet No
Consensus type Proof of Work
Hash algorithm CryptoNight

Electroneum sites

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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