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Ontology (ONT) - All you need to know
Ways to invest in Ontology
The best and most straightforward way is to sign up with a broker or an exchange platform. There you can buy, sell, or trade Ontology coins as you see fit.
There are lots of other ways too, however. You can use funds and trusts where the decisions are made for you, or get a crypto debit card so you can spend your coins online. The links below direct you to more information on the different options.
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What is Ontology?
Developed in China by some of the people behind NEO, Ontology is a cryptocurrency (ONT) and a platform that lowers the bar to entry for businesses looking to harness the power of blockchain. Ontology technology also supports dApps and offers users data exchange and ID verification tools that might not otherwise be available to them.
The Ontology team hasn’t created the platform solely for finance companies either, which means it should have broader appeal and more chance of breaking into other sectors, such as insurance and medicine.
How does Ontology work?
Ontology is decentralised, just like many other cryptocurrencies, so it can’t be taken over by a single person or business entity and all transactions remain private and secure – a big plus for companies looking to join the network.
Essentially, the Ontology ecosystem is about trust and bridging the gap between the potential of the blockchain and real-world businesses that can benefit from it.
How to invest in Ontology
There are lots of ways to get Ontology and we have created a summary of the options below. By reading through and familiarising yourself with them, you can choose the method that best suits you.
- Brokers. A broker is the simplest and most direct way. Creating an account to get started and many of them are geared towards new or casual investors. You can navigate to the Ontology coin and get it straight away at a fixed price – usually with a small commission attached.
- Exchange platforms. On an exchange you buy coins directly from other users. That means there’s usually a wider range of coins available but you might have to wait a little while for a trade to be matched. An exchange is a bit more advanced than a broker so can take some getting used to.
- Ontology funds and mutual funds. Both funds and mutual funds are managed portfolios where you invest together with a group of other people. The money you all contribute is pooled together and a professional chooses which assets to spend it on. The only difference between them is the barrier to entry: mutual funds are much more accessible to the average person.
- Exchange-traded funds. ETFs track the performance of a particular industry or sector by owning the assets within it. They are similar to a mutual fund, as you can get one just like you would a regular stock and don’t need to spend time managing it. Look for one that focuses on cryptocurrency or Ontology in particular.
- Crypto debit cards. Now that cryptocurrency has become very popular, more merchants let you make purchases with it. A debit card that lets you spend cryptocurrency is a way of putting your coins to goo use funding your day-to-day lifestyle.
- Mobile apps. You can use apps to manage your coins on the go. All the leading brokers have high quality apps so you can trade from anywhere, while you can store and spend coins from your smartphone as well.
- Wallets. A crypto wallet is a piece of software or hardware that stores your coins by encrypting them, so they can only be accessed with a unique private key. There are mobile wallets, web-based ones, or high-security offline options, depending on how safety conscious you are.
Where can I buy Ontology coin now?
Latest Ontology price analysis
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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