How to Buy EWT (Energy Web Token)

Launched in 2019, the Energy Web Chain is designed to connect participants within the energy market to increase the flexibility of the electrical grid. The Energy Web Chain also allows for the creation of energy-sector specific products and services its platform.

Not sure yet why you’d want to buy EWT? Feel free to read our ‘What is Energy Web Token?’ guide, which offers a more extensive breakdown of its technology and vision. 

By owning EWT, users gain the ability to interact with applications built on the Energy Web Chain. 

There are a number of ways to buy EWT. However, many find that it is easiest to purchase it through a trusted global exchange like Kraken. 

Aside from offering the lowest fees in the industry, Kraken is constantly rated one of the most secure and trusted crypto exchanges in the world. This matters because if you lose the private key to your EWT, it can be challenging if not impossible to recover your funds. 

At Kraken, we take security seriously, with tested technology and rigorous procedures designed to safeguard funds. We don’t cut corners when it comes to security, and neither should you.

Follow the steps below to start buying EWT on Kraken: 

1. Sign up for a Kraken account.
   First, enter a valid email address, create a new username and set a strong password to protect your account.

2. Verify your account. 
   After providing your name, date of birth, country of residence and phone number, you can buy EWT with cryptocurrencies like ETH and DASH. In order to use cash (i.e. USD or EUR), you’ll need to provide our experts with additional supporting documents verifying your identity. Read about our verification processes here.

3. Deposit cash.
   You can fund your account in a number of ways. How you do so will depend upon your location and preferences.

4. Purchase EWT!
   Once your account is funded with cash, you’re ready to purchase EWT. At this point, you’ll also gain access to our advanced charting tools, 24-hour global client support and the ability to utilize spot trading on margin*, features that help make the Kraken experience beloved by millions of global traders.

Note: Trading EWT is not available to residents of Australia and Japan at this time.

*Availability of margin trading services is subject to certain limitations and eligibility criteria.

Once you buy EWT, you’ll need somewhere to safely store your cryptocurrency. 

Kraken is secure, but it’s always safest to store your EWT in a wallet, a software or hardware device that stores the public and private keys required to make crypto transactions.

There are many types of EWT wallets. Mobile and web wallets can make transactions easy, while hardware wallets are perhaps best suited for secure, long-term storage. 

When choosing a crypto wallet for your EWT, first spend some time thinking about what you plan to do with your tokens to find a wallet that fits your needs.

Ready to take the next step toward investing in a blockchain designed for the energy sector? Click the button below to buy EWT on Kraken today!