How & where to buy COTI (COTI) online
This page contains all of the information you need to know before you invest in COTI. Read on to explore a step-by-step breakdown of the process of purchasing COTI tokens and an analysis of the pros and cons of the platform.
What are the best exchanges to buy COTI on?
Below, we have listed the best places to buy COTI coin online. Simply click on one of the links to sign up and get some COTI, or keep scrolling for more on the up-and-coming blockchain project.
How to buy COTI online – a step-by-step guide
Step 1. Find an exchange
COTI is actually a rather popular cryptocurrency, so it is available from a large number of cryptocurrency exchanges – these are essentially online marketplaces where users can purchase and sell different cryptocurrencies for low fees.
Here are two of the best platforms to buy COTI right now:
- Binance: The most popular exchange in the world, Binance is easy to use, low cost and offers excellent customer support. Get a Binance account >
- Coinbase: Coinbase has established itself as the gold standard of centralised cryptocurrency exchanges, resulting in a successful IPO in 2021. Create a Coinbase account >
Step 2. Sign up and fund your account
Normally, cryptocurrency exchanges require users to set up an account before purchasing any coins. So, to generate an account, provide a copy of a form of accepted photo ID and fill in contact details when you are prompted during the sign-up process.
Once your account is verified, it is time to fund it from an accepted source – this could be fiat money like GBP, USD and EUR, or it could be a cryptocurrency like Bitcoin via a wallet transfer.
Step 3. Purchase
Now your account is ready to execute your first COTI investment. Simply search for the coin’s ticker in the search tab of your selected exchange. Then, enter the number of coins you want to purchase and check you are happy with the price and any incurred fees. Finally, hit the ‘execute’ button to confirm the purchase – the COTI should be added into your account almost instantly.
Step 4. (Optional) Get a suitable wallet
If you want to trade COTI, go right ahead and skip to the next section because you won’t need a cryptocurrency wallet. However, if you are investing for the long term, a wallet can be a great place to store your funds safely. Here are two of the best COTI wallets this year:
- Freewallet: One of the easiest wallets to use and with great security features, Freewallet’s popularity is no real surprise. Open a Freewallet now >
- Infinito Wallet: We like the team at Infinito and enjoyed using their cryptocurrency wallet to store our coins safely. Create an Infinito wallet >
How to trade COTI – a step-by-step guide
Step 1. Find a broker
To trade COTI, you need to sign up to a broker. This is because you will be regularly opening and closing positions to take advantage of small price fluctuations in the market, and brokers offer an affordable way of doing this.
While COTI has cemented its status as a significant emerging cryptocurrency project, it is yet to have been picked up by a broker. It is likely that if it ever becomes supported, it will be by one of the major brokers like eToro or Plus500. Make sure you bookmark this page and check back periodically for additional updates.
Step 2. Deposit money
You need to fund your broker account before you trade, just like you have to fund an exchange account before you invest. You can typically deposit funds with a broker via a bank transfer, though some also offer cryptocurrency deposits.
Step 3. Learn how to perform technical analysis
Technical analysis allows you to look at charts and identify how an asset is likely to perform in the public markets in the coming hours, days and weeks. Complete our short-term trading course to learn how proficient technical analysis can bolster your trading returns.
Step 4. Decide whether to go long or short
You can either go long or short when trading COTI. Going long means you believe COTI will rise in value, whereas going short means you believe it will decline in value. Make sure you get used to this terminology and these concepts before commencing trading.
Step 5. Make the trade
Now, you can start trading COTI. If you want to experiment on going long and short, or if you simply want to test your technical analysis skills out, you can purchase some virtual COTI with a demo account. This will allow you to learn the ropes without putting any money on the line.
Should I invest in COTI?
If you believe in both the central purpose of the project and its technological capacity, then it could be an astute addition to your portfolio. COTI aims to empower organisations to build their own payment solutions as well as digitise any currency to save time and money.
It accomplishes this through a blockchain protocol that is optimised for decentralised payments and designed for use by merchants, governments, payment DApps and stablecoin issuers.
COTI Pay is the first application to launch on the platform, though the developers feel the potential for the project is much greater than providing simple payment solutions. They feel the project can enable companies to effortlessly create advanced fintech products and save time, data and money.
Here is a summary of the pros and cons of COTI, followed by some key questions to think about.
- A unique platform that is desirable for developers and enterprise
- Much lower cost than traditional payment methods
- Allows users to issue their own stablecoin, regaining control over their finances and data
- Proof-of-trust consensus algorithm is advanced
If you still aren’t sure about investing in COTI, here are 3 important questions to think about.
1. Is now a good time to buy COTI?
If you are investing for the long term, whether or not now is a good time to invest depends on the current price of COTI. If you conduct due diligence and believe the coin is trading below your target price, then it may make sense to get some.
However, if you are going to be trading COTI, you don’t really need to worry about fundamental analysis. Instead, you need to focus on technical metrics and charts to identify patterns and detect trends. This is how you will ensure that you are trading COTI in the right way to generate maximum returns.
For the latest analysis on COTI, click on any of the articles we have linked below:
2. What problem does COTI solve, and what are its investment prospects?
The project makes it easy for businesses to create their own payment solutions. Its really unique element is the platform itself, which allows companies to pioneer new fintech products via blockchain technology that save time and capital.
The only real risk to COTI’s success is the presence of rivals. If it can execute on its concept and deliver results to companies, the project could well experience success in the coming years.
Be sure to read our new team’s latest articles on the COTI cryptocurrency by clicking on any of the links below:
COTI announces $10M fund to support crypto startups
Should you invest in COTI before its Mainnet 2.0 launch?
COTI partners with Simplex to Launch Visa debit cards and bank accounts, should you buy it?
3. Do you want to hold COTI for the long term?
If you want to hold COTI for the long term, then there are a few things you should consider. The exact same is true if you want to trade it instead. Check out the section below for an overview of what you should be thinking about.
Considerations for a long term investment strategy
If you are looking to get COTI and hold it for an extended period of time, choose a reliable cryptocurrency exchange. This is by far the easiest way of purchasing coins. Then, to keep your new coins safe, you may want to consider storing them in a wallet for safekeeping.
Considerations for a short term trading strategy
If trading COTI is more of interest to you, find a broker with low fees and sign up. Then, figure out what trading strategy you want to pursue based on your own comprehensive technical analysis.
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