Home / Buy Crypto / Ethena

Buy

Ethena

Buy

Ethena

Millions choose Kraken to buy Ethena. Start with just $10.

Buy Ethena

Get the Kraken app

Buy Ethena

How to buy Ethena

You can buy Ethena on Kraken's crypto platform. Create your free account and connect a funding method to buy over 200 cryptocurrencies including ENA. Kraken makes it quick and easy to get started.

Create your free Kraken account

Provide your email address & country of residence.

Connect a funding method

Fund your account with your preferred payment method.

Complete your Ethena purchase

Buy Ethena with as little as $10.

In the past 24 hours, Kraken clients bought 1 547 177 ENA worth 508 360 $.

Why buy Ethena with Kraken?

Kraken offers a safe and easy way to get started with crypto. Use our flexible payment methods to buy Ethena with a credit card, debit card, bank transfer, and more.

Buy and sell 200+ cryptocurrencies

Enjoy fast and flexible funding options

Secure your crypto journey with Passkeys

About Ethena

Ethena (ENA) is a synthetic dollar protocol that aims to establish a stablecoin-like asset (USDe) through a delta-neutral hedging strategy. This approach involves shorting derivatives proportional to users’ deposited collateral to generate yield. The ENA token is used for governance across a range of the Ethena protocol’s functions.

What can you do with Ethena?

With Kraken, you can do more with Ethena. From making your first trade to utilizing our advanced Ethena pro trading tools, all the Kraken features you need are backed by our robust security features and 24/7 support.

Ethena rewards

See if you can earn rewards

Trade Ethena for NFTs

Collect & trade NFTs

Swap Ethena for other assets

After you buy Ethena, you can trade it for fiat currencies and other cryptocurrencies. Kraken offers over 200 Ethena trading pairs so you can move in and out of the market with ease.

Ethena FAQ

Is Ethena a good investment?

The short answer is, it depends on your own individual circumstances and risk tolerance. For those that see a long term prospect behind decentralization, Ethena may be a worthwhile purchase.

How much does it cost to buy 1 Ethena?

At the current market rate, it costs 0,33 $ to purchase one ENA. Kraken makes it easy to buy & sell Ethena with confidence.

Can I buy Ethena with a debit card?

You can buy Ethena with a debit card on Kraken. We offer several different ways to fund your account with cash or cryptocurrency.

How to trade Ethena

You can trade Ethena by first creating a Kraken account. Once sign up is complete and your account is funded, select your desired ENA trading pair and start trading Ethena. Our all in one, powerful interface lets you execute your trading strategy.

Can I buy $100 worth of Ethena?

Yes, Kraken offers a secure and easy to buy $100 worth of Ethena. At its current price, $100 equals NaN ENA.

Is Ethena safe to buy?

The Ethena price can change dramatically based on market conditions. You should do your own research on Ethena before buying.

Learn more about Ethena

How does Ethena work?
Unlike traditional currencies, Ethena is not issued or maintained by a centralized government entity. Instead, a decentralized network of computer nodes is responsible for maintaining Ethena. This decentralization means the holders and users of Ethena can help to maintain the network.
Where can I buy Ethena?
Most find that the easiest and most secure way to purchase Ethena is through a reliable cryptocurrency platform like Kraken. While Ethena can be purchased using several different methods, Kraken offers the security, support and simplicity people often look for when buying cryptocurrencies like Ethena.
Is Ethena available to buy and sell in my country?
To find out if Kraken offers Ethena in your region, please check our Support article to see what cryptoassets are available in your country.
Is Ethena a good investment?
The short answer is, it depends on your own individual circumstances and risk tolerance. For those that see a long term prospect behind decentralization, Ethena may be a worthwhile purchase.
Can I purchase Ethena using my local currency?
Kraken supports six different government-issued fiat currencies including:

US dollars (USD)

Euros (EUR)

Canadian dollars (CAD)

Pounds sterling (GBP)

Swiss franc (CHF)

Australian dollar (AUD)
What are the transaction fees for buying Ethena?
Kraken offers a competitive fee structure based on transaction size, asset, payment method and market conditions. Learn more about Kraken’s fee structure.
What is the minimum amount of Ethena I can buy?
You can buy as little as $10 worth of Ethena on Kraken. Kraken also allows you to set up recurring buys (charges apply) so you can continuously accumulate small amounts of Ethena regularly.
Can I buy Ethena with a debit card?
You can buy Ethena using a debit card certain regions on Kraken. Learn more about our Supported currencies and payment methods here.
Can I buy Ethena with other cryptocurrencies?
Yes, Kraken makes it easy to purchase Ethena using hundreds of other cryptocurrencies. Browse the Ethena markets available on Kraken to see how much it costs to buy Ethena with other cryptocurrencies.
How can I keep my Ethena safe?
While we believe the safest place for your crypto is in your own cold wallet, we strive to be as transparent and secure as possible when you trust us with your Ethena. When you choose to keep your Ethena on Kraken, it is secured by our globally-recognized security standards.
Will I owe taxes when buying and selling Ethena?
Each country handles cryptocurrency taxes differently. It’s recommended you speak with a local professional tax advisor before making any digital asset purchases or reporting your crypto taxes.
Can I transfer Ethena from Kraken to my crypto wallet?
Yes, the Ethena you buy on Kraken is yours. Kraken makes it easy to withdraw your Ethena to any hot wallet or cold wallet that supports Ethena. Simply enter the external wallet address and your Ethena will be in your wallet a few moments later.
Is it safe to leave my Ethena on Kraken?
We take every measure possible to keep the Ethena you choose to leave on Kraken secure and accessible to you. While we still believe the safest place for your crypto is in your own cryptocurrency wallet, we constantly strive to be as transparent and secure as possible when you trust us with your Ethena. Learn more about our globally-recognized security standards.
What is the current circulating supply of Ethena?
The current circulating supply of Ethena is 2 741 520 368 ENA.

Browse more crypto buying guides

With so many assets to choose from, deciding which crypto to buy can seem overwhelming. We've put together guides for hundreds of top blockchain projects to help you navigate the process from A to Z. Take a look at more buying guides below.