How and Where to Buy Ethbox (EBOX) – An Easy Step by Step Guide

What is EBOX?

What Is ethbox (EBOX)?

Safe sending:

ethbox provides a unique solution to a problem in cryptocurrency trading that is as devastating as it is widespread. Accidentally sending funds to a mistyped or mistaken recipient address has already been the cause for hundreds of millions, if not billions, of financial damage. Harnessing the cryptographically unbreakable safety of the underlying Ethereum blockchain, ethbox provides a smart contract based digital escrow service to completely alleviate any risk of loss while sending cryptocurrency

Privacy:

Sending funds through ethbox disrupts the chain of transparently trackable blockchain transactions, thereby obfuscating their origin and destination. For situations where discretion is required, users have the option of wrapping ethbox transactions with an additional layer of privacy, for a small increase in service fee. When using this added privacy feature, both sender and recipient addresses are encrypted locally on users’ computers. No clear-text addresses are ever transmitted into the internet or stored on-chain, and users may remain anonymous to each other. Any attempt to reconstruct added-privacy transactions between ethbox users becomes tremendous effort, if not impossible.

OTC

On top of securing transaction, ethbox offers an easy and convient way of trading Ether and ERC-20 tokens. Funds can be sent & requested a single transaction, which may only be fulfilled once both the sending and receiving party have put in their part. This gives users a safe, reliable environment for OTC trading that is immune to any form of fraud or scam. Safeguarded by the ethbox smart contract, ethbox OTC transactions are guaranteed to take place in the only way that is acceptable, being fair and mutually beneficial for both parties

EBOX utility:

  • Reducing fee’s Users can use ethbox service with a huge discount in fee’s
    .
  • Deflationary token model Part of the fees generated are used to buy back EBOX tokens. These tokens that are bought back are then burned

*Payout from fees EBOX holders will gain a share of fees earned by ethbox as regular payouts

*Staking for passive income EBOX can be staked for the first four years to generate passive income. 18% of the token supply of EBOX is reserved for staking rewards.

  • Governance Used for governance votes to determine different company relevant decisions

Fee structure

For transactions below $300, ethbox is free to use

Holding Regular service Using added privacy OTC No EBOX 1.5% 2.0% 3.0% 5000 EBOX 0.8% 1.0% 2.0% 15.000 EBOX 0.4% 0.8% 1.0% 50.000 EBOX 0.3% 0.6% 0.8% 100.000 EBOX 0.2% 0.5% 0.6%

Service fee will be used for: 25% Profit 25% Marketing of ethbox 25%Buyback & burn 25% Payout to Tokenholders

Launch of Mainnet: Q2 2021

What makes ethbox unique?

Users can either deposit funds inside the ethbox smart contract (“send”), or retrieve funds that have previously been deposited by another user (“receive”). In order to guarantee that only the designated recipient of a transaction is able to receive the funds, the ethbox smart contract takes the recipient’s address (authenticated through MetaMask) as one part of a two-factor authentication.

The other part is a passphrase, that is arbitrarily chosen by the sender of a transaction.

This means that for retrieving funds, the recipient has to be connected to ethbox through MetaMask using the address that was specified by the sender as recipient, and know the correct passphrase.

For all of this to work, the ethbox smart contract has to keep track of what is going on – Who deposited how much, for whom, with what passphrase?

The passphrase part is critical about this, as it can’t be stored in the smart contract in clear-text for obvious reasons, given that any data on any smart contract can be viewed by anyone at any time.

Therefore, the ethbox smart contract stores merely the Keccak-256 / SHA-3 hash value of each transaction’s correct passphrase.

Hashing is one of the basic underlying concepts of blockchain technology in general, which implies that the safety and reliability of ethbox goes hand in hand with the blockchain itself, making it just as unbreakable.

Mode of operation Applying this knowledge to how ethbox stores transaction passphrases, this means that ethbox can validate any passphrase that it is told by a user trying to retrieve funds, without actually knowing what the passphrase is.

In order to retrieve funds, users are required to enter a passphrase, which is then submitted to the ethbox smart contract. The smart contract then computes the hash of that submitted passphrase, and compares it to what it has stored inside its memory, which is the hash of the correct passphrase (but not the actual correct passphrase itself).

Who Are the Founders of ethbox?

Ethbox was founded by Lukas Schiefer, Lukas Pratschner, and Paul Simone, who knew each other for more than 15 years before starting the project. Together, they bring decades of experience and activity in the crypto space as well as knowledge in different areas.

Lukas Schiefer studied renewable energy at University of Applied Sciences in Vienna and has been a community manager in crypto for several platforms, as well as a long-term evangelist of the industry.

Lukas Pratschner is an experienced cryptocurrency angel investor and researcher who has been active in the community for a big part of its history. He has worked in different areas like chemical process engineering and laboratory technology, as well as in certification, auditing, and inspection.

Lastly, Paul Simode has been interested in technology since he was a kid, using C/C++ and Assembly languages in his incursions in cybersecurity. He is a software developer who is in charge of the technical aspects of Ethbox.

Currently, EBOX is ranked 2951 on Coinmarketcap and has recently surged 40.84 percent at the time of writing.

EBOX has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Ethereum from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy EBOX.

Step 1: Register on Fiat-to-Crypto Exchange

You will have to first buy one of the major cryptocurrencies, in this case, Ethereum (ETH). In this article we will walk you through in details two of the most commonly-used fiat-to-crypto exchanges, Uphold.com and Coinbase. Both exchanges have their own fee policies and other features that we will go through in detail. It is recommended that you try both of them and figure out the one that suits you best.

Select Fiat-to-Crypto Exchange for details:

Coinbase is also one of the largest crypto exchanges that accept fiat deposits. Use the link below to register at Coinbase and you will receive a free amount of $10 worth of BTC after buying $100 worth of cryptos.

Show Details Steps ▾

Type your email and click 'Get started'. Make sure you provide your real name as Coinbase will need it for account verification. Choose a strong password so that your account isn't vulnerable to hackers.

You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.

Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, Coinbase is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.

Step 2: Buy ETH with fiat money

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You will be charged higher fees when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees.

Now you are all set, click the 'Trade' button at the top left, choose Ethereum and confirm your transaction...and congrats! You've just made your first crypto purchase.

Being one of the most popular and convenient fiat-to-crypto exchanges, UpHold has the following advantages:

  • Easy to buy and trade among multiple assets, more than 50 and still adding
  • Currently more than 7M users worldwide
  • You can apply for UpHold Debit card where you can spend the crypto assets on your account like a normal debit card! (US only but will be in the UK later)
  • Easy to use mobile app where you can withdraw fund to a bank or any other altcoin exchanges easily
  • No hidden fees and any other account fees
  • There are limited buy/sell orders for more advanced users
  • You can easily set up recurring deposits for Dollar Cost Averaging (DCA) if you intend to hold cryptos long term
  • USDT, which is one of the most popular USD-backed stablecoins (basically a crypto that is backed by real fiat money so they are less volatile and can be treated almost as the fiat money it's pegged with) is available, this is more convenient if the altcoin you intend to buy has only USDT trading pairs on the altcoin exchange so you don't have to go through another currency conversion while you buy the altcoin.
Show Details Steps ▾

Type your email and click 'Next'. Make sure you provide your real name as UpHold will need it for account and identity verification. Choose a strong password so that your account isn't vulnerable to hackers.

You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.

Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, UpHold is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.

Step 2: Buy ETH with fiat money

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You may be charged higher fees depending on your credit card company and the volatile prices when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees.

Now you are all set, on the 'Transact' screen under the 'From' field, select your fiat currency, and then on the 'To' field choose Ethereum, click preview to review your transaction and the click confirm if everything looks good... and congrats! You've just made your first crypto purchase.

Step 3: Transfer ETH to an Altcoin Exchange

But we are not done yet, since EBOX is an altcoin we need to transfer our to an exchange that EBOX can be traded. Below is a list of exchanges that offers to trade EBOX in various market pairs, head to their websites and register for an account.

Once finished you will then need to deposit ETH to the exchange from Coinbase. After the deposit is confirmed you may then purchase EBOX from the exchange view.

Exchange
Market Pair
(sponsored)
(sponsored)
(sponsored)
EBOX/WETH
EBOX/ETH

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once EBOX gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Binance

Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world. Unfortunately, Binance does not allow US investors so we recommend you to sign up on other exchanges we recommend on this page.

Gate.io

Gate.io is an American cryptocurrency exchange that launched 2017. As the exchange is American, US-investors can of course trade here and we recommend US traders to sign up on this exchange. The exchange is available both in English and Chinese (the latter being very helpful for Chinese investors). Gate.io’s main selling factor is their wide selection of trading pairs. You can find most of the new altcoins here. Gate.io also demonstrates an impressive trading volume. It is almost every day one of the top 20 exchanges with the highest trading volume. The trading volume amounts to approx. USD 100 million on a daily basis. The top 10 trading pairs on Gate.io in terms of trading volume usually have USDT (Tether) as one part of the pair. So, to summarize the foregoing, Gate.io’s vast number of trading pairs and its extraordinary liquidity are both very impressive aspects of this exchange.

Last Step: Store EBOX securely in hardware wallets

Ledger Nano S

Ledger Nano S

  • Easy to set up and friendly interface
  • Can be used on desktops and laptops
  • Lightweight and Portable
  • Support most blockchains and wide range of (ERC-20) tokens
  • Multiple languages available
  • Built by a well-established company found in 2014 with great chip security
  • Affordable price
Ledger Nano X

Ledger Nano X

  • More powerful secure element chip (ST33) than Ledger Nano S
  • Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
  • Lightweight and Portable with built-in rechargeable battery
  • Larger screen
  • More storage space than Ledger Nano S
  • Support most blockchains and wide range of (ERC-20) tokens
  • Multiple languages available
  • Built by a well-established company found in 2014 with great chip security
  • Affordable price

If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your EBOX for a considerable long time, you may want to explore ways of keeping it safe, although Binance is one of the safest cryptocurrency exchange there had been hacking incidents and funds were lost. Because of the very nature of the wallets in exchanges, they will be always online("Hot Wallets" as we call them), therefore exposing certain aspects of vulnerabilities. The safest way of storing your coins to date is always putting them into a type of "Cold Wallets", where the wallet will only have access to the blockchain(or simply "go online") when you send out funds, reducing the chances of hacking incidents. A paper wallet is a type of free cold wallet, it's basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. However, it is not durable and is susceptible to various hazards.

Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. Ledger Nano S and Ledger Nano X and are the most popular options in this category, these wallets cost around $50 to $100 depending on the features they are offering. If you are holding your assets these wallets are a good investment in our opinion.

Other useful tools for trading EBOX

Encrypted Secure Connection

NordVPN

Because of the very nature of cryptocurrency – decentralised, it means that users are 100% responsible for handling their assets securely. While using hardware wallet allows you to store your cryptos in a safe place, using an encrypted VPN connection while you trade makes it harder for hackers to intercept or eavesdrop your sensitive information. Especially when you are trading on the go or in a public Wifi connection. NordVPN is one of the best paid (note: never use any free VPN services as they may sniff your data in return of free service) VPN services out there and it has been around for almost a decade. It offers military-grade encrypted connection and you can also opt-in to block malicious websites and ads with their CyberSec feature. You can choose to connect to 5000+ servers in 60+ countries base on your current location, which ensures you to always have a smooth and secure connection wherever you are. There is no bandwidth or data limits that means you can also use the service in your everyday routines such as streaming videos or downloading large files. Plus it is among the cheapest VPN services out there (only $3.49 per month).

Surfshark

Surfshark is a much cheaper alternative if you are looking for a secure VPN connection. Although it’s a relatively new company, it has already 3200+ servers distributed in 65 countries. Apart from VPN it also has some other cool features including CleanWeb™, which actively blocks ads, trackers, malware and phishing attempts while you are surfing on your browser. Currently, Surfshark does not have any device limit so you can basically use it on as many devices as you want and even share the service with your friends and family. Use the signup link below to get an 81% discount(that’s a lot!!) at $2.49/month!

CryptoTrader.Tax

As you gain more experience in trading cryptos it gets more difficult when it comes to tracking your capital gains from all those trades, especially when you have multiple accounts across various trading platforms. CryptoTrader.Tax takes away the pain of preparing your bitcoin and crypto taxes for your tax season. It automates the entire tax filing process and you will be sure you won’t miss any important information required. Simply register, fill in your personal info, and import all of your historical cryptocurrency transactions into the platform. It integrates seamlessly with all major cryptocurrency exchanges and platforms to make this process even quicker by connecting your existing exchange accounts to the platform. Once your transactions are imported, you can generate your tax reports within a few clicks. CryptoTrader.Tax is free to use and you can simply get started right away. You will only need to pay if you want to generate your tax reports.

Crypto Ultimatum

Crypto Ultimatum is a detailed training system that shows you how to go from no money to making a fortune with Crypto Currencies. The system that was used took $100 and turned this into $1006. But the system works so well they then took this $1006 and turned it into the huge amount of $257,000 with Bitcoin and Crypto Currencies!

The great thing about the training is you don’t need technical skills. In fact, you don’t even need a great deal of money and can start with much less than $100 if you wish. It reveals all the secret techniques and gives you the ability to make money when you are a complete novice. It even explains some of the scams so you can avoid them. It goes into detail about where you go to do all this trading and how you can make money in a little as 24 hours. You can develop into someone who buys and sells smaller types of “altcoins” too.

Frequently Asked Questions

Can I buy EBOX with cash?

There is no direct way to buy EBOX with cash. However, you can use marketplaces such as LocalBitcoins to first purchase ETH, and finish the rest of the steps by transferring your ETH to respective AltCoin exchanges.

Buy Bitcoin from local sellers

LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. is after all a good place to go to buy Bitcoins when you can't find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed.

Are there any quick ways to buy EBOX in Europe?

Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Uphold.

Are there any alternative platforms to buy EBOX or Bitcoin with credit cards?

Yes. is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.

Read more on Ethbox's fundamentals and current price here.

Latest News for EBOX

ethbox9 days ago
For those of you who couldn't take part in our AMA, kindly find enclosed a transcript of our 3 hours epic AMA!… https://t.co/0ZElmPt6Sq
ethbox9 days ago
#EBOX Quest part 3: ethbox dApp on @ethereum https://t.co/eVCS7V293k Hello #ethereum community. @haydenzadams… https://t.co/5h1v5GHOdr
ethbox9 days ago
RT @ethbox_official: ⚡️ethbox STAKING REWARDS ⚡️ 🎁 3rd Payday has arrived for all our stakers & LP! Rewards on Ethereum or Binance Smart…
ethbox10 days ago
RT @ethbox_official: 🏆Introducing $EBOX Early Adopter #Quest Rewards 🥇Top 10: $500+🎁Special real-life mystery (eth)box (worldwide shipping…
ethbox13 days ago
RT @ethbox_official: #EBOX Quest part 2: ethbox dApp on @0xPolygon https://t.co/UQqm7otYeO Hello #MATIC community. @0xPolygonTech @_anurag…

You might also like