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What Is Ethereum Name Service (ENS)?

The Ethereum Name Service is an openly distributed naming service/system that is deployed on Ethereum’s main network. The ENS service converts difficult wallet code, to readable Ethereum addresses.

In the early days of the internet, things weren’t as easy as they are today. For the average consumer to visit a website, they had to type in the exact IP address. The domain names were not automatically matched to their respective IP addresses. In 1983, computer scientist Paul Mockapetris created the Domain Name Service (DNS). A system that matched the IP addresses with user-friendly domains. Paul’s invention allows users to simply type in the URL of the website, instead of typing out the entire IP address.

Now let’s translate this to the world of cryptocurrency. Be honest with yourself, do you type out your entire wallet address? Do you know it by heart? Most people just copy the address and do a quick check. The Ethereum Name service enables people to convert difficult addresses into easy domains. So instead of sending your Ethereum to a long strong of numbers and letters, you send your ETH to anycoindirect.eth

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Since 2013

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Over 500,000 Europeans are part of the Anycoin platform. In addition, Anycoin Direct is the best rated crypto broker in Europe. 

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Why buy Ethereum Name Service with Anycoin?

With over 14.000 reviews on TrustPilot (average of 4.5 stars) and an official registration with De Nederlandsche Bank (DNB), Anycoin Direct is one of the most trusted crypto services in Europe since 2013.

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The Vault is a safe alternative to the traditional crypto wallet for those who want to buy, sell and swap their coins on Anycoin Direct. Within the Vault you can store all your digital assets and swap them against one another. Still want to send crypto to an external wallet like your Ledger? No problem, the Vault is an additional feature. The choice is yours. 

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Balances in the Anycoin Vault, are kept in a foundation. This foundation has only one purpose, to preserve our customer funds. This construction ensures that customers are entitled to compensation in the unlikely event of Anycoin Direct's bankruptcy. In addition, we want to reiterate that we always want to give customers a choice between using the Anycoin Vault and sending coins to an external wallet.

Extra information about Ethereum Name Service (ENS)

How Is the Ethereum Name Service Network Secured?

Like the name suggests, ENS is built on the Ethereum network. With its transition to Proof-of-Stake, Ethereum has a new consensus mechanism, meaning that Ethereum Naming Service is also protected by it. Hacking the Ethereum network is virtually impossible as the Ethereum network has grown to a network worth hundreds of billions. The ENS network is as safe as can be.

How can I store Ethereum Name Service?

The safest way to store Ethereum Name Service is with a hardware wallet. However, if you are new to the world of crypto and want us to manage things for you, the Anycoin Vault is the easiest option for you. With Anycoin Direct, you don't have to worry: store Ethereum Name Service securely in our Anycoin Vault.

Can I buy Ethereum Name Service with iDEAL?

Yes, you can buy Ethereum Name Service with iDEAL at Anycoin Direct. You can also pay with Paypal, SEPA, Sofort, VISA, Mastercard and EPS.

Do you need to buy a whole Ethereum Name Service (ENS)?

You don’t need to buy whole cryptocurrencies to trade them. You can buy small parts of any cryptocurrency. For example, on Anycoin Direct, the minimum purchase amount is €10.

Can I send Ethereum Name Service to my own wallet?

Yes, while buying Ethereum Name Service you can choose to send it to your own wallet. Alternatively, you can choose to be managed by us; we will then store your Ethereum Name Service securely in the Anycoin Vault.

Is it safe to buy Ethereum Name Service?

Yes, buying Ethereum Name Service is safe with Anycoin Direct as we have advanced security techniques and are officially licensed by The Dutch Central Bank. Buy ENS safely with us with a wide range of payment options.

Is Ethereum Name Service legal in the UK?

Yes, Ethereum Name Service is legal in England. You don't have to worry about the legality of buying Ethereum Name Service.

Do I have to pay taxes on my cryptos?

Depending on the amount of cryptocurrencies you own and the country you live in, the rules for this are different. Always make sure to get information from your personal government authorities.

Can I buy Ethereum Name Service anonymously at Anycoin Direct?

No, identification is mandatory for all our clients. We are required to conduct a thorough client due diligence. This is done using the Know Your Customer principle.

Can I do a business transaction with Anycoin Direct?

Yes, it is possible to make a business transaction through Anycoin Direct. While creating an account, you can choose a business account.

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