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How to buy ANKR (ANKR) online
This beginner friendly guide explains what you need to know before investing in ANKR. Learn what ANKR is, how to buy its tokens, and what the future may have in store for the project.
Compare where to buy ANKR, and open an account
If you want to buy ANKR right away you can use one of the platforms below. These have been selected by our crypto experts and are perfect for both beginners and experienced crypto investors. To learn more about ANKR, continue reading.
How to buy ANKR online – a step-by-step guide
Step 1. Find an exchange
To buy ANKR you will need to use a crypto exchange. An exchange is a platform where you are able to buy and sell coins from other traders. Exchanges have the most up to date prices and you buy as many as your budget allows. Using an exchange like the two listed below to buy ANKR, is the easiest way to get the tokens.
- Binance: Binance is the most popular crypto currency exchange in the world and has hundreds of coins available to buy. It’s one of the top exchanges around and comes with a simple to use platform. Sign up with Binance >
- Coinbase: With over 20 million users, Coinbase is one of the most regarded exchanges for trading crypto. Its competitive transaction fees and easy to navigate interface offers a seamless trading experience. Sign up with Coinbase >
Step 2. Sign up and fund your account
You will need to register with an exchange and fund your account before you can buy any coins. Usually this is a simple process of providing your contact information and a form of ID. Although, it can take a few days for verification to be processed so you may want to keep that in mind. Once you’re verified, deposit some money and you are ready to buy.
Step 3. Purchase
Once your account is funded, you need to search for the coins ticker symbol (ANKR). When you’ve found it, simply decide how many tokens you want to purchase and click buy.
Step 4. (Optional) Get a suitable wallet
Finally you may want to consider getting a wallet to store your coins. You don’t have to do this as you can keep your cryptocurrency in an exchange. However wallets provide an extra layer of security. Below are two of the best ones.
- Trezor: You can use a hardware wallet like Trezor to store your coins on a physical device offline. The Trezor wallet is a small device that connects to your computer via a USB. Its advanced model even comes with a colour touchscreen. Sign up with Trezor >
- Coinbase wallet: Coinbase is best known for being a crypto exchange, however it also offers a mobile wallet. You are not required to have an account with Coinbase to use its wallet and it allows you to store a range of coins securely on your phone. Sign up with Coinbase wallet >
How to trade ANKR – a step-by-step guide
Step 1. Find a broker
To trade ANKR you will need to register with a broker. It’s best to choose a broker that has low fees, especially if you plan to make lots of trades throughout the day. Right now ANKR isn’t available on many brokers, but in time this might change. Below we have listed the broker that does offer ANKR.
- eToro: Etoro is one of the few brokers that offers a range of cryptocurrencies to trade. It has some of the lowest fees around and an easy to use trading platform making it a top choice if you want to trade ANKR. Sign up with eToro >
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
Step 2. Create an account and deposit money
Your next step is to register an account and deposit funds. This is a straightforward process and will take just a few minutes. Most brokers allow you to deposit using a number of different methods, although the easiest is usually using a bank card or transfer. Some let you deposit using third party apps like Paypal and Skrill.
Step 3. Learn how to perform technical analysis
A lot of traders like to perform technical analysis when analysing a price chart. Technical analysis is a key tool when it comes to trading and learning it can be a long process. You can check out our free courses if you want to learn how to master technical analysis. Some of its key aspects include identifying support and resistance levels and using indicators.
Step 4. Decide whether to go long or short
After completing your technical analysis you will be able to decide if you want to buy or sell ANKR. If your analysis suggests ANKR’s price is at a key support level you may consider going long (buying). Alternatively, it may indicate ANKRs price is moving into resistance so you could think about going short (selling).
Step 5. Make the trade
The final step will be placing the trade. When you have decided which direction you are planning to trade you simply have to click buy or sell. However, before you do that you will need to input the side of your trade. This can either be in monetary terms, or number of coins. You could also include a stop loss to protect your trade if it goes wrong.
Should I invest in ANKR?
ANKR is best suited to an investor willing to take a chance on it becoming the preferred choice for developers to build new applications on over the long term. It has taken steps to future proof its platform by taking environmental considerations into account.
It has been investing into its platform and marketing heavily. In late 2021 it released an upgraded version of its platform, Ankr V2. It also announced plans to distribute $10 million in grants to help bolster the growth of its services and grow its user base.
Ankr has also partnered with NBA team the Sacramento Kings to help with marketing. Together, the Kings and Ankr will produce educational content, host events, and create projects that highlight growth of the blockchain industry. If Ankr can sustain its marketing and attract new developers, investing in its token ANKR may pay off well in time.
If you’re still not sure whether to invest in ANKR we have provided a pros and cons list below. Further down the page you will find answers to key questions you may have.
- There’s a limited supply of ANKR coins which could help drive their value
- Based on the Ethereum blockchain, which is the largest and most popular decentralised platform.
- ANKR coins can be used to buy anything on the Ankr network
Below are a few questions for you to consider before making your decision.
1. Is now a good time to buy ANKR?
Yes, if you are a long term investor then now could be a good time to buy, especially if you believe in its value. It’s been making moves and through partnerships has been growing its user base. It’s difficult to pick a bottom when buying for the long term and often a good strategy is using dollar cost averaging, whereby you buy some coins each month.
If you plan to trade ANKR, there’s a lot more to consider. Firstly you’ll want to take a look at its price chart and decide if now is the right time to buy. One way to do this is by analysing its volatility. If its price is not moving much, it will be difficult to trade. Another thing to consider is looking at support and resistance. If ANKR is trading near a support level, it could be a good time to buy.
2. What problem does ANKR solve, and what are its investment prospects?
The Ankr network is a decentralised cloud computing service that not only is cheaper, but more economically friendly than traditional providers. ANKR coins are used to purchase services on the Ankr network. Coins are also rewarded to developers who build on the platform.
The network is a cross-chain staking DeFi platform. It allows cloud-computing providers to offer unused resources to users requiring cloud infrastructure. For providers this allows them to earn money from resources that are sitting idle. Users benefit from lower fees compared to competitors such as Amazon AWS.
Its investment prospects will depend on a number of factors. Usage of its network needs to continue growing. Ankr has been addressing this through its partnerships with NBA teams and offering $10 million in grants. If you do decide to invest in ANKR you’ll want to keep on top of the latest news and market analysis. Check out the links below for up to date information on ANKR tokens and its network.
3. Do you want to hold ANKR for the long term?
You can take a long term approach to buying ANKR tokens but storing them in a wallet. ANKR also lends itself to short term trading strategies and below we’ve covered a couple of the most important things to consider for each type of investor.
Considerations for a long term investment strategy
If you think ANKR tokens are going to rise in value over the long term, then you’ll need to register with a crypto exchange. Once you’ve got your coins you could think about using a wallet to store them.
Considerations for a short term trading strategy
Short term traders should make sure to choose a crypto broker that has low trading fees. If you plan on taking lots of trades through the day, you should consider learning some technical analysis to help you along.
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