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How to buy Bloktopia (BLOK) online
This page explores Bloktopia and its cryptocurrency, BLOK. We look at what it is, if it makes a good investment, and the best place to get its coins.
Compare where to buy Bloktopia, and open an account
To buy coins you’ll need to register with a broker. Our experts have selected some of the top ones around and if you click on the links below, you can sign up in just a few minutes. Alternatively, continue scrolling to learn more about Bloktopia.
How to buy Bloktopia online – a step-by-step guide
Step 1. Find an exchange
The best place to buy BLOK coins is on a crypto exchange. Exchanges let you buy and sell coins with other traders and the best ones have a wide range of tokens available. BLOK isn’t available on all exchanges, but our experts have found one of the top places to get its coins. Below we’ve listed it and given a brief description of its benefits.
- Kucoin: Kucoin offers a wide range of cryptocurrencies and has one of the easiest platforms to use making it a great place to buy BLOK tokens. Sign up for Kucoin >
Step 2. Sign up and fund your account
Registering an account usually requires you having to provide contact information and a form of identification. The verification process can sometimes take a couple of days so it’s worth keeping that in mind if you want to buy immediately. Next you can deposit funds into your account. Most exchanges accept fiat currency like GBP, EUR, and USD.
Step 3. Purchase
Now you’re ready to buy your coins. Search for the ticker symbol BLOK and decide how many coins you want to buy. Some exchanges may only have swaps available with other cryptocurrencies. In that case simply swap your fiat currency for either Bitcoin or Ethereum and you can use that to buy some BLOK.
Step 4. (Optional) Get a suitable wallet
If you plan on buying a large amount of coins, or are worried about security then you could get a wallet. This isn’t a necessary step, as you can keep your coins with the exchange, but if you do want to use one, then check out the two options below.
- Trezor: Trezor is one of the top hardware wallets around. Its like a small usb device that you can carry around with you and lets you store your coins offline. Its advanced features mean its secure even if connected to an infected computer. Sign up to Trezor >
- Infinito Wallet: Infinito is a mobile wallet which let you store your coins on your mobile device. All you have to do is download an app and transfer your coins. Infinito also lets you earn interest on your tokens. Sign up to Infinito Wallet >
How to trade Bloktopia – a step-by-step guide
Step 1. Find a broker
Trading cryptocurrencies is a popular way to make money from small movements in their prices. If you want to trade coins, you’ll need to register with an online broker. The top brokers have low fees and easy to use platforms. BLOK isn’t available on any brokers at the moment, but it’s a good idea to check in with eToro and Plus500 as that may change.
Step 2. Create an account and deposit money
Signing up to a broker is an easy process, although most will only allow you to deposit using fiat currency like GBP or USD. One benefit of brokers is they often give deposit bonuses so it’s worth checking the terms before signing up.
Step 3. Learn how to perform technical analysis
To get ahead when trading its helpful to learn how to perform technical analysis. Learning how to read a price chart and use technical indicators can greatly improve your results. There is a lot to technical analysis and if you want to learn more you can check out our free course on TA.
Step 4. Decide whether to go long or short
When trading you’ll need to decide if you want to go long (buy) or (short). Using your technical analysis can help with this. You can also identify key support and resistance levels. If BLOCKs price is moving towards a support level, you could look to buy. If its moving towards resistance, you could consider selling.
Step 5. Make the trade
Now comes the part when you get to make your trade. All you have to do is enter the number of coins you want to buy or sell, select the price, and click the order button. Its a good idea to use a stop loss to protect your trade if the market moves against you. A stop loss will automatically close your trade when a certain price level is hit.
Should I invest in Bloktopia?
You may want to consider adding Blocktopia to your portfolio, especially if you believe in the future prospects of the platform and virtual reality. Bloktopia has ambitions of becoming an entertainment hub for all levels of crypto enthusiasts. It plans for users to explore its metaverse while wearing virtual reality glasses.
To participate in the platform, users will need to buy its native token, BLOK. Token holders will be able to explore its 21 story skyscraper, attend events, purchase NFTs, and buy virtual real estate, to name just a few. Avatar customisations and upgrades are another way users can spend their cryptocurrency within the platform.
Bloktopia is very similar to many other crypto projects and is trying to ride the metaverse trend. The metaverse concept is expected to grow with more projects and companies entering the space. Investing in BLOK now could be an easy way to get in early, although its worth bearing in mind the metaverse could be a bubble and may not gain traction as many expect.
Investing in cryptocurrencies requires a lot of decision making and sometimes it can be hard to make a call. That’s why we’ve provided a few pros and cons of buying BLOCK. Further down the page we’ve also answered some questions in more detail.
- Bloktopia has partnerships with major brands including Polygon and Babylons.
- BLOK tokens can be used for more than just speculation. Virtual real estate, gaming items, and advertising are just a few uses.
- Built on the Polygon network with low fees and easy scalability.
Below are three more questions that we have answered to help you decide if investing in BLOK is right for you.
1. Is now a good time to buy Bloktopia?
That depends on what you expect the future prospects of the project and its token look like. If you have a long term view and think the Bloktopia metaverse will become a leader in its field, then it’s a good time to get in now. Although it may be a wise idea to keep tabs on BLOKs price to time your investment well.
If you have a short term view, then you’ll want to pay close attention to its price charts, rather than its long term prospects. BLOK, like many cryptocurrencies, has experienced a lot of volatility, which means there’s ample opportunity for short term trades. Using technical analysis to read the market can help with your buying and selling decisions.
Whatever you decide to do, make sure you keep up to date with the latest analysis for Blocktopia and check out any of the links below.
2. What problem does Bloktopia solve, and what are its investment prospects?
Bloktopia is a virtual reality skyscraper consisting of 21 floors where users can engage in many real world activities within a metaverse. Although it necessarily doesn’t solve any problems, it does provide tools, functions, and activities many people find entertaining. It aims to offer a mix of education and entertainment, which it dubs ‘edutainment’.
Its native token, BLOK, is used as currency in its virtual building. Users can buy and develop real estate using BLOK coins. Advertising space can be bought and sold which can generate revenue for token holders, as can organising events. Gaming is also a key functionality of Bloktopia and through NFTs, gamers can buy and sell in-game items and upgrades.
The project has already attracted some big names, most notably blockchain platform Elrond who have purchased a virtual HQ on level 1 of Bloktopia’s skyscraper. To speed up its growth it offers a revenue share program to users who promote the platform and are paid in BLOK tokens. To keep up to date with the latest Bloktopia news and developments, check out any of the links below.
3. Do you want to hold Bloktopia for the long term?
If you think Blocktopia will become the decentralised metaverse of choice for more and more users, then you should consider buying BLOK tokens and holding them for the long term. If you want to focus on short term movements, then trading is a better option. Below are a couple of final considerations to help you make your decision.
Considerations for a long term investment strategy
Registering with a top exchange is your best option if you plan on holding BLOCK coins for the long term. With so many around, choosing the best one is a top priority. Check out our exchange recommendations further up the page.
Considerations for a short term trading strategy
If your focus is short term trading, then you’ll need a broker. A broker with low fees will greatly reduce your costs, which can quickly add up if you open and close lots of positions. Check out our expertly recommended brokers for more guidance.
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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