Where & How to Buy Ocean Protocol (OCEAN) for Beginners in 2025

Use our step-by-step guide to learn how and where to buy Ocean Protocol on 5+ highly rated crypto platforms.
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Updated on Oct 10, 2024
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Ocean Protocol coins are available buy via a cryptocurrency exchange, which functions similar to a stock trading platform. It takes just a few minutes to buy Ocean Protocol this way. Follow our quick step guide below.

How to buy Ocean Protocol quickly in 3 steps

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To buy Ocean Protocol you need a smartphone or a computer and an internet connection. It takes 10-15 minutes the first time and you should have some photo ID to hand. Here’s how to do it.

Step 1. Sign up to a crypto platform

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Sign up to one of the best crypto platforms to start trading. Alternatively, there are several other options to select from below. Anyway, create an account and supply a copy of your photo ID for verification.

We found 5 crypto platforms for users based in

Coinbase review
4.2
Coinbase
Min. Deposit $10
Fees Up to 0.6%
No. assets 150+
Demo account No

Coinbase review

Uphold review
4.3
Uphold
Min. Deposit $1
Fees $0.99
No. assets 250+
Demo account Yes

Uphold review

Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.

Paybis review
4.4
Paybis
Min. Deposit $4
Fees Variable
No. assets 90+
Demo account No

Paybis review

Step 2. Make a deposit

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Add funds via a card payment, bank transfer or an alternative payment method. You can start with as little as $100 on most services.

Step 3. Buy Ocean Protocol token

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Locate the search box and type OCEAN. Once you locate the coin trading page, enter how much money you want to spend and hit ‘trade now’.

Now you own Ocean Protocol tokens! Not a big deal, right?

Where to buy OCEAN easily

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The overall best platform to buy Ocean Protocol for beginners is Coinbase .

Here are the top five places to buy Ocean Protocol, ranked according to their simplicity for beginners, fees, customer reviews, and safety ratings.

  1. Coinbase: Best secure trading platform for all types of trader
  2. Uphold: Best for building long term wealth
  3. Paybis: Best crypto platform for choice of payment methods

Read more about how we rate, rank and review platforms.

Best exchanges to buy Ocean Protocol (OCEAN), reviewed

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We found 5 crypto platforms for users based in

1. Coinbase. Best secure trading platform for all types of trader

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4
Ratings

$10

Min. deposit

Up to 0.6%

Fees

200

No. assets

No

Demo account

Overview

We love Coinbase because it’s the leading public crypto platform. Coinbase offers more than 170 cryptocurrencies to trade, a secure wallet to store your coins in, and automatic staking rewards on 10+ cryptos through Coinbase Earn.

Coinbase’s user-friendly platform simplifies the buying, selling, and trading processes, making it one of the top crypto exchanges for all levels of trader. But, Coinbase isn’t just an easy to use platform, it’s one of the safest and most secure. 

A public company brings transparency and renown, so you can trust that any money on Coinbase is safe and you’re sharing the platform with over 100 million other users. It stores 98% of customer assets offline in cold storage, minimizing the risk of theft. There is also insurance on all cash balances up to $250,000

The fees: Trading fees start from 0.6% but reduce the higher your trading volume. Bank transfer deposits and withdrawals are free, other payment methods may be charged. There is no fee for wallet-to-wallet crypto transactions but you will have to pay blockchain fees. Coinbase charges a 25% fee for its staking services.

Highlights

Fees & Costs

Pros & Cons

2. Uphold. Best for building long term wealth

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4
Ratings

$1

Min. deposit

$0

Fees

300

No. assets

Yes

Demo account

Overview

We love Uphold because it’s a regulated and transparent digital asset platform. Uphold is an excellent platform for discovering important new tokens early, making it ideal for investors looking to get in on the ground floor of emerging cryptocurrencies. 

Uphold offers a broad selection of coins, with over 250 tokens available catering to both seasoned and novice crypto traders. The platform regularly adds new assets allowing users to invest in promising projects before they gain mainstream attention. 

Uphold isn’t just a platform for investing early. One of the main advantages of using Uphold is its transparent and competitive fee structure. The platform does not charge for deposits or withdrawals, and trading fees are clearly stated. You can also trade between different asset classes including fiat currencies. 

The fees: Crypto spreads start from 0.9% and are usually lower than 1.3% for BTC and ETH. Other cryptocurrency spreads are higher. Average spreads on fiat currency are 0.2%. There is a $0.99 fee for transactions under $100 made with the Uphold card.

Highlights

Fees & Costs

Pros & Cons

Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.

3. Paybis. Best crypto platform for choice of payment methods

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Paybis_logo
4
Ratings

$4

Min. deposit

Variable

Fees

90

No. assets

No

Demo account

Overview

We love Paybis because it is one of the simplest crypto platforms to use, making it ideal for both beginners and experienced traders. The intuitive interface makes the process of buying and selling cryptocurrencies smooth, fast, and hassle-free. 

Paybis offers a good selection of coins to buy and sell including popular options like Bitcoin and Ethereum, as well as many altcoins. With such a wide range of tokens, you’ll be able to diversify your portfolio and take advantage of market opportunities very quickly. 

One of the best features of Paybis is its selection of payment options. Not only can you buy Bitcoin with a credit or debit card using USD, but you can also choose from several payment apps and digital wallets. 

The fees: How much you will pay will depend on the payment option you use. Paybis provides detailed information on the types of fees applied. You can expect competitive rates, with clear outlines of transaction and network fees, before buying or selling.

Highlights

Fees & Costs

Pros & Cons

How to trade OCEAN

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You can trade Ocean Protocol on a cryptocurrency exchange using a few simple steps. Here’s a quick example that clearly lays out how OCEAN crypto trading works:

  1. Monitor the price: For simplicity, let’s say the price of OCEAN/USDT is $1. You read the price charts and decide that now is a good time to start purchasing OCEAN.
  2. Open a trade: You trade one USDT for one OCEAN ($1 USD for 1 OCEAN).
  3. Continue to monitor the price: The following month, one OCEAN token is now worth $2, a 100% increase.
  4. Close your trade: You trade your OCEAN token back to USDT for $2.

In this example, you buy and sell Ocean Protocol, doubling your money (trading). While the steps are simple, executing them in a profitable way is not so easy. You need to spend countless hours learning to trade, reading charts, technical patterns, and understanding markets and margin trading; which you can do right here on Invezz.com.

What is the best way to pay for Ocean Protocol (OCEAN)?

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The simplest way to buy Ocean Protocol cryptocurrency is with your bank card. However, there are plenty of other options as well. Here are some of the top ways to pay for OCEAN.

  • Buy Ocean Protocol with a credit card or debit card. Card payments are convenient and instantaneous but you may have to pay a higher fee to make a deposit this way. Binance charges 1.8% for a card deposit and some platforms charge as much as 4%.
  • Buy Ocean Protocol with bank transfer. A bank transfer is usually the cheapest way to buy crypto. Crypto platforms like Crypto.com and Coinbase do not charge for bank transfer deposits, while Binance only charges a $1 fee, and these transactions are more or less instant as they run through the Automated Clearing House (ACH) in the US, Faster Payments System (FPS) in the UK, or Single Euro Payments Area (SEPA) in Europe.
  • Alternative payment methods. Crypto brokers often let you pay with other providers or money transfer services, like Neteller, Venmo, or Payoneer. The options vary by broker, though, so check what’s accepted before you sign up.

How do I store Ocean Protocol (OCEAN)?

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Most people keep their crypto on the exchange they used to buy it. If you only plan to hold onto it for a little while then that’s a perfectly acceptable option. If you want to hold it for years or you own a lot of Ocean Protocol then you should move it to a crypto wallet.

A crypto exchange is similar to a bank account, in that it means trusting a company to protect your funds for you. A wallet is like your personal wallet, or a safe, where you take responsibility for it yourself. Two of the best Ocean Protocol wallets to use are MetaMask and the Ledger Nano S.

Is now a good time to buy Ocean Protocol?

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The answer depends on the current price and your own investment goals. Put simply, buying Ocean Protocol, selling Ocean Protocol, and trading OCEAN are all the exact same process in literal terms. It’s really just your personal investing intentions that defines whether ‘now’ is a good time to invest or not.

  • If you’re a trader: as a cryptocurrency trader, your goal is to make money trading regularly. What do we mean by regularly? Hourly, daily, weekly. Traders buy and sell a coin quickly to secure their profit (or to avoid a loss). They don’t #HODL a coin long term in the hopes of larger profits. In this sense, any time is a good time to trade Ocean Protocol.
  • As a long-term investor: a long term investor is not concerned if the price is up or down 10% on any given day. Rather, they care that the price of the native token is overall up months or years later, when they’re ready to sell that investment. So if you’re a firm believer in the foundations of OCEAN, then a good time to purchase Ocean Protocol is on any major dip.

In our experience, most newcomers to the crypto market sit between the two. You don’t want to wait several years for a return, but buying Ocean Protocol and selling it the next day probably isn’t why you’re here either.

How has Ocean Protocol (OCEAN) performed this year?

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The current Ocean Protocol price today is $0.33, which is -82.92% versus its all time high of $1.94, which it reached on 10 April 2021. OCEAN is -27.04% this year, with a 52 week high of $1.66 and a 52 week low of $0.29. 

Regardless, closely following Ocean Protocol price news & analysis will help you decide when to pull the trigger.


Sources & references

James Knight

James Knight

Editor of Education

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James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets. His main focus is on improving financial literacy among casual investors. He has been with Invezz since the start of 2021 and has been...