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How to buy Ardor online
This page includes a step-by-step guide to buying and trading Ardor’s native token, $ARDR, along with some information about the project itself.
Compare where to buy Ardor, and open an account
Cryptocurrencies like Ardor can be bought using an online broker or crypto exchange. Use the links below to sign up for an exchange or broker or continue reading to find out more about what Ardor can do.
How to buy Ardor online – a step-by-step guide
Step 1. Find an exchange
You’ll be able to buy $ARDR on a crypto exchange. The most popular exchange that offers $ARDR is Binance.
- Binance: One of the largest cryptocurrency exchanges in the world where you’ll be able to find Ardor and hundreds of other tokens available to trade. Join Binance today >
- Bittrex: A fast and reliable crypto exchange with an easy to navigate interface, Bittrex is the ideal place to start for anyone new to cryptocurrency. Join Bittrex here >
Step 2. Sign up and fund your account
After creating your account, you must then deposit funds to use that exchange’s services. Monetary deposits can be made using your credit/debit card or Paypal.
Step 3. Purchase
Search for Ardor’s coin, $ARDR, using the exchange’s search bar. The price will be denominated in a range of currencies. Choose the currency you’d like to buy Ardor in then enter the number of coins you’d like to buy. When you’re ready, click the buy button.
Step 4. (Optional) Get a suitable wallet
Your coins will now be available in your exchange wallet. If you wish, you can send your coins to a non-custodial wallet, an app that you have complete control over. Below are some recommended crypto wallets for holding your coins away from an exchange.
- Ledger Nano S: A reliable physical hardware wallet for holding your tokens, the Ledger Nano S lets you store your coins offline and completely safe from malicious activity. Get the Nano S now >
- Freewallet: A great non-custodial web browser wallet for holding your tokens. You can sign up to Freewallet online and access your coins through a laptop or on your phone. Sign up for Freewallet here >
How to trade Ardor – a step-by-step guide
Step 1. Find a broker
To trade a coin it’s best to find a broker that offers low trading fees. However, there are currently no brokers that offer Ardor. eToro and Plus500 may add the coin in the future but this will depend on many factors, such as its popularity and the size of its market cap.
Step 2. Create an account and deposit money
Once you’ve created an account on a crypto exchange, you’ll need to deposit some money to trade with. Debit/credit cards can be used to deposit funds, and most platforms accept PayPal and bank transfers as well.
Step 3. Learn how to perform technical analysis
You can use technical analysis to make successful trades on financial assets. Technical analysis involves studying the performance of an asset and then using that information to make a prediction on how it will perform in the future. To learn more about technical analysis and various trading strategies you can take our short term trading course here.
Step 4. Decide whether to go long or short
You can go long (to bet an asset will rise) or go short (to bet an asset will fall) on crypto exchanges and brokerages. You can use your technical analysis to make your own longing and shorting strategies on financial assets.
Step 5. Make the trade
Once you’ve decided to make a trade you can head over to the exchange’s/brokerages trading page where you’ll be able to buy and sell assets, long them, short them and more.
Should I invest in Ardor?
Currently, Ardor is not a good investment, as it has been left behind by new technology since its heyday in 2017 and 2018. Ardor was one of the earliest blockchains to use sharding techniques to make their blockchain scalable but has since been overtaken by new projects.
Unfortunately, despite Ardors innovative technology, it failed to gain attention from developers or from the venture firms that provide funding. The peak of Ardor seemed to be in 2018, before the harsh bear market that brought it, along with many other cryptos, down. Other blockchains like Cardano and Polkadot stole the spotlight and the funding.
As a result, Ardor’s network seems like a ghost town. Ardor’s technology is very similar to Polkadot’s, the difference being that Polkadot calls their “parent chain” a “relay chain” and their “child chains” become “parachains.” That means it’s difficult to see Ardor experiencing much of a rebirth unless it develops something new.
Here is a summary of the most important pros and cons of the Ardor platform and its cryptocurrency. Use these and the questions below to influence whether you put your money into the project or not.
- The technology is good. There’s nothing inherently wrong with Ardor’s blockchain technology.
- Ardor has been around since 2016 and is still tradeable.
- Ardor regained some brief interest in early 2021
- There isn’t much happening on the Ardor network.
- The network can’t sustain interesting dApps.
Below are three more questions to help you decide whether to invest in Ardor.
1. Is now a good time to buy Ardor?
At the moment, Ardor would not make a good investment. Unless they can find a way to get developers to make dApps and services for their network, Ardor will eventually fade into the backdrop of other more interesting and popular blockchains on the market. Ardor’s coin, $ARDR, can be staked and used for transaction fees but will only gain interest if Ardor becomes interesting to developers.
The technology is good but if the blockchain fails to find users and developers who want to use their technology then the network will be useless. Polkadot, which has similar tech to Ardor, has taken over the multichain narrative. Polkadot is more competitive, and its tech is always trying to improve upon itself.
If you still believe in Ardor’s promises then use trading strategies and technical analysis to plan an entry point. You can learn more about trading and technical analysis skills by visiting our analysis and trading strategy links below.
2. What problem does Ardor solve, and what are its investment prospects?
Ardor tries to solve scalability issues that blockchains tend to face eventually. Ardor’s tech was new back in 2016 but now sharding techniques are abundant in the crypto world. Ardor failed to gain interest from users and developers and as a result, Ardor’s blockchain is quiet.
Future prospects for Ardor depend on which direction the team behind the network will take. They could continue to work on the network and catch up to its main competitors, Polkadot, Avalanche and Cosmos, but this will take time, maybe years, due to how advanced Ardor’s competitors are on a technological level.
The team could change Ardor’s direction and turn it into something else, like what Aion’s team have done, but even then, they’re not guaranteed to be successful. Keep in the know about Ardor and other cryptocurrencies by following our news page.
3. Do you want to hold Ardor for the long term?
Below are a few things to consider when holding or trading $ARDR.
Considerations for a long-term investment strategy
Currently, Ardor is not a good long-term investment due to the reasons mentioned above in other sections of this page. Although, if you are hopeful that one-day Ardor will pull something out of the bag, then sign up to one of our recommended exchanges where you can purchase some of Ardor’s tokens for yourself.
Considerations for a short-term trading strategy
Short-term traders might like the occasional volatility, but that volatility is few and far between due to Ardors low trading volume. If you see a trading opportunity, sign up to one of our recommended brokerages with low trading fees.
Fact-checking & references
Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.
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