Ethena is a "synthetic dollar" protocol built on the Ethereum network that aims to offer a form of stable digital currency that is not tied to traditional banking or financial institutions.
ENA is the governance token of Ethena and can be purchased via a number of popular cryptocurrency exchanges including Binance, CoinSpot, Swyftx, OKX and Kraken. It can also be traded directly on the Ethereum network via Uniswap.
How to buy Ethena (ENA)
You can buy ENA by following these simple steps:
Compare crypto exchanges. You can buy ENA on many leading crypto exchanges so it's worth looking for the exchange that offers the most competitive fees and supports the payment method you want to use.
Create your account. After you've found an exchange, you'll need to sign up for a trading account using your personal details and proof of ID.
Deposit funds. Depending on the exchange you choose, you should be able to buy Ethena directly with AUD using your debit or credit card, or deposit AUD onto the exchange and buy it via the spot market. It's worth keeping in mind that buying with a card often attracts higher fees.
Buy Ethena. Search the exchange for Ethena (ENA), enter the amount you want to buy, select your payment method and hit "Buy".
Where to buy Ethena
You can Ethena (ENA) via these exchanges in Australia:
1 - 12 of 12
Compare alternatives
We currently don't have a partnership for that product, but we have other similar offers to choose from (how we picked these
):
How does Ethena work?
Ethena has launched a number of digital currencies and stablecoins, including its flagship USDe. A synthetic dollar, USDe is designed to be a crypto-native currency that doesn't rely on traditional banking.
Unlike a regular stablecoin, its price is pegged using a "delta neutral" strategy, meaning it hedges its fully-backed collateral (ETH and BTC) by taking a corresponding "short" position on the price of Bitcoin and Ethereum.
Holders can also stake USDe and receive staking rewards in return (with a current yield of 10% APY).
ENA is the governance token of Ethena, which means ENA holders can vote on strategic proposals and help influence the direction of the Ethena protocol.
What's the easiest way to buy Ethena (ENA)?
If you're a beginner, the easiest way to buy Ethena may be via a crypto exchange that offers instant AUD purchases using a debit or credit card, such as Binance, CoinSpot or Kraken.
However, while this method is the most straightforward, you're likely to pay higher fees than you would by buying it off an exchange's spot market.
If you're familiar with decentralised exchanges and have your own crypto wallet, you can also buy Ethena directly via Uniswap.
What do I need to buy Ethena?
If you're buying Ethena via a crypto exchange, you'll need the following to get started:
ID document. You'll need to verify your account using a recognised ID document such as a passport or drivers licence.
Payment method. As we mentioned above, many exchanges let you purchase crypto directly using your debit or credit card, or by depositing AUD via bank transfer.
How far is ENA from its all-time high?
Ethena's price: $0.95295 USD ATH date: April 11, 2024
62.69%
Ethena ATH: $1.52 USD
Ethena (ENA) price
Use our graph to track the performance of (ENA) over time.
How we keep this Ethena guide up-to-date
ENA price data is regularly updated through data feeds so you always have the latest information.
Ethena at a glance
Information last updated January 08, 2025 04:01 UTC.
Coin symbol
ENA
Coin Marketcap
AUD$2,900,212,498
Total ENA supply
15,000,000,000
Circulating ENA
3,032,812,500
Current price
AUD$1.52472
All time high
AUD$3.888
Notable team members
Industry
Token uses
Network
Ethena price performance over time
Historical prices compared with the price of $1.52472.
1 hour
-2.05%
24 hours
-14.37%
7 days
1.70%
14 days
-7.58%
30 days
-0.86%
60 days
87.66%
200 days
58.09%
1 year
0.00%
Disclaimer: Cryptocurrencies, including Ethena, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of ENA is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Ethena or any other cryptocurrency discussed.
Tom Stelzer is a publisher and writer for Finder, covering investing and cryptocurrency.
He previously worked for Finder as a writer in Australia and the UK, covering things like personal finance, loans, investing, insurance as well as small business and business loans.
He has a Master of Media Arts and Production and Bachelor of Communications in Journalism from the University of Technology Sydney. See full bio
This guide provides step-by-step instructions on how to buy Pudgy Penguins, lists some exchanges where you can get it and provides daily price data on PENGU.
This guide provides step-by-step instructions on how to buy Fartcoin, lists some exchanges where you can get it and provides daily price data on FARTCOIN.
This guide provides step-by-step instructions on how to buy Hyperliquid, lists some exchanges where you can get it and provides daily price data on HYPE.
This guide provides step-by-step instructions on how to buy Peanut the Squirrel, lists some exchanges where you can get it and provides daily price data on PNUT.
The easiest way to buy XRP in Australia is from a cryptocurrency exchange. Read our guide for a simple explanation of how to get started.
How likely would you be to recommend Finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Important information about this website
Finder makes money from featured partners, but editorial opinions are our own.
Finder is one of Australia's leading comparison websites. We are committed to our readers and stand by our editorial principles.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labeling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
We make money by featuring products on our site. Compensation received from the providers featured on our site can influence which products we write about as well as where and how products appear on our page, but the order or placement of these products does not influence our assessment or opinions of them, nor is it an endorsement or recommendation for them.
Products marked as 'Top Pick', 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
Please read our website terms of use and privacy policy for more information about our services and our approach to privacy.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
