The Ethereum Name Service (ENS) makes crypto feel more humanāliterally. Instead of dealing with long Ethereum wallet addresses like 0xABCD…1234, ENS lets you use names like juan.eth to receive payments or interact with Web3 apps.
And now, its native token, ENS, is available for conversions on Bitso.
What is ENS?
The Ethereum Name Service (ENS) is a decentralized naming protocol built on Ethereum. It works just like the Domain Name System (DNS) of the internet, but for the blockchain. ENS replaces complex wallet addresses with readable .eth names that work across wallets, dApps, and smart contracts.
ENS is not just about making crypto easierāit’s about building your identity in Web3.
What can you do with an ENS domain?
- Receive crypto to a simple name (like juan.eth).
- Use it as your identity across DeFi, NFTs, and DAOs.
- Link it to websites, avatars, and social profiles.
- Avoid errors when copying/pasting wallet addresses.
What is the ENS token for?
The ENS token is the governance token of the Ethereum Name Service (ENS). Holding ENS gives you voting rights in the ENS DAO, where key decisions about the protocolās futureālike pricing, updates, and treasury usageāare made by the community.
In short: holding ENS gives you a voice in how Web3 naming evolves.
Real-world example
Instead of telling your friend:
āSend the ETH to 0x4b7fE929af6c2F5E4a1a…ā, you just say: āSend it to juan.eth.ā
Clean. Simple. No room for copy-paste errors.
How to buy ENS on Bitso
Trading ENS on Bitso is simple:
- Log in to your Bitso account or create one.
- Use the conversion feature to buy ENS with fiat currency like MXN, ARS, BRL, COP, or USD.
- Monitor your holdings and the token price directly from the app.
ā ļø ENS is only available via conversions at Bitso. Deposits and withdrawals are not yet supported. You can still send and receive ENS within Bitso using Bitso Transfer.
Disclaimer
ENS is the governance token of the Ethereum Name Service (ENS), a protocol that maps human-readable names to blockchain addresses. The protocol is open-source, decentralized, and integrated across major dApps and wallets. While the technology enhances usability and identity in Web3, the value of the ENS token remains speculative and depends on factors such as protocol adoption and community participation in governance.
Cryptocurrencies are inherently volatile, and prices may fluctuate significantly. This content is for informational purposes only and does not constitute financial advice. Bitso encourages all users to conduct their own research (DYOR) before buying or using any digital asset.
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