Assets, Ethereum

How Do I Get Ethereum on Coinomi?

In this article, we’ll show you how to get started with Coinomi and how to get Ethereum on your device in just a few easy steps.

What is Ethereum?

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.

Ethereum is used to build decentralized applications (DApps) on its blockchain. A blockchain is a digital ledger of all cryptocurrency transactions. It is constantly growing as “completed” blocks are added to it with a new set of recordings.

Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Bitcoin nodes use the block chain to differentiate legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.

NOTE: WARNING: Before attempting to get Ethereum on Coinomi, it is important to understand the risks associated with cryptocurrency trading. Cryptocurrency is a volatile asset that can result in substantial losses if not handled carefully. Be sure to do your research before investing and only invest what you are willing to lose. Additionally, it is important to secure your wallet with a strong password and two-factor authentication. You should also be aware of the potential for scams and fraudulent activity within the cryptocurrency world.

Coinomi is a security-first, multi-asset wallet for both mobile & desktop that provides native support and true ownership for more than 125 blockchains (the biggest number in the industry for non-custodial wallets) and 10,000+ tokens.

How do I get Ethereum on Coinomi?

If you don’t already have Coinomi, download it now from Google Play or from our website. Open the app and select ETH from the list of assets on the main screen. If ETH is not listed, tap on “+ Add more assets” at the bottom of the screen and search for “Ethereum”. Tap on “Ethereum”, then “Next” on the following screen. On the next screen, select how you would like to receive your ETH by tapping on either “I already have an account” or “Create a new wallet”. If you don’t have an Ethereum account yet, we recommend using MetaMask, which can be found in the Google Chrome store. Tap on MetaMask and follow the instructions to create an account. Once you have an Ethereum account, return to Coinomi and select “I already have an account”.

Enter your MetaMask address in the “Enter your wallet address:” field. Make sure the address you enter begins with “0x”. Tap on “Next” when you’re ready to proceed. On the next screen, select how much ETH you would like to buy. You can also tap on “Custom amount” if you would like to specify a different amount than what’s listed. Once you’ve selected an amount, tap on “Buy now”. Review the transaction details one last time and tap on “Confirm buy”. That’s it! You should now see your ETH balance in your Coinomi wallet!.

Congratulations! You’ve successfully purchased ETH using Coinomi!.

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