How & where to buy Ontology (ONT) online
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This page explains all of the key information you need to know before you invest in Ontology. Read on to discover the best places to buy Ontology online, what the project’s investment potential is, and what considerations you should make based on your individual strategy.
What are the best exchanges to buy ONT now?Copy link to section
Check out the trading platforms below for the best places to buy Ontology online, or read on to learn more about Ontology and what it has to offer as an investment.
How to buy Ontology online – a step-by-step guideCopy link to section
Step 1. Find an exchangeCopy link to section
The easiest, fastest, and most affordable way of purchasing Ontology is signing up to a cryptocurrency exchange, depositing funds and purchasing ONT coins. We have broken down this process into easy-to-follow steps, starting with your first priority: finding an exchange to execute your transactions reliably and efficiently. Here are our two top picks:
- Binance: As the most popular crypto exchange that is available right now, Binance has a stellar track record of providing a reliable service, and it supports numerous digital assets. Open your own Binance account >
- KuCoin: KuCoin is another popular exchange, and we are big fans of its clean, simple interface that makes the process of purchasing crypto a breeze. Open a KuCoin account right now >
Step 2. Sign up and fund your accountCopy link to section
Now you have chosen an exchange, you need to sign up and fund your account. Signing up is easy; it usually requires you to provide some contact details and a copy of your photo ID for security purposes. Then, you can fund your account with crypto or fiat money depending on what the specific platform accepts.
If it’s crypto, purchase some Bitcoin from a major exchange like Coinbase, add them to your wallet, then add them into your account. If it’s fiat currency, a straightforward bank transfer will usually suffice.
Step 3. PurchaseCopy link to section
After your exchange account is set up and loaded with funds, there is only one thing left to do: purchase ONT. You can do this by searching for ONT in the designated section of your exchange’s interface. Once you find it, select the pair that corresponds with your account’s funds. So, for an account funded by GBP, look for the ONT/GBP pair, whereas for a Bitcoin-filled account, find the ONT/BTC pair.
Then, enter the number of coins you wish to acquire, check you are happy with the price and incurred fees and execute the transaction.
Step 4. (Optional) Get a suitable walletCopy link to section
Now you own some Ontology, there is one obvious question: where do you want to store it? If you plan on holding it for the long term to speculate on its future value, we highly recommend considering a crypto wallet to keep your funds safe. They come in various forms – both physical and digital – and each has its own unique advantages. We have listed our two top wallets below:
- Ledger Nano S: One of the most popular hardware wallets on the market, Ledger Nano S is an affordable way of securing your crypto funds from any possibilty of online attacks. Get a Ledger Nano S now >
- CoolWallet: With CoolWallet, you get the best of both worlds: a hardware wallet that is as secure as any of its competition’s offerings, and a connected app that provides the convenience of digital access to your funds. Get a CoolWallet today >
How to trade Ontology– a step-by-step guideCopy link to section
Step 1. Find a brokerCopy link to section
If you are going to trade ONT for accelerated returns, using a broker is the best way to go about this. These are online platforms that allow you to quickly open and close trades with minimal fuss and low fees. Here are our two top picks along with a brief description of what they have to offer.
- eToro: This is a great platform for trading crypto because it is extremely easy to use and offers some of the lowest fees in the sector. Open your eToro account now >
- Capital.com: Wouldn’t it be helpful if AI could take some the weight off your shoulders when you are trading? That is exactly what happens with the Capital.com trading assistant, which harnesses AI power to take your trading to the next level. Create your Capital.com account today >
Step 2. Deposit moneyCopy link to section
Once you’ve decided on a broker, the next thing on your to-do list should be to put down a deposit. Generally, this can be done via a bank transfer or another accepted deposit scheme, such as PayPal.
When the deposit has gone through, you’re good to go, but we recommend you start with a demo account before you jump in and begin trading on your live account. Setting up a demo account will help you get familiar with the platform and give you a chance to witness the ebb and flow of your cryptocurrency’s value without risking your money.
Step 3. Learn how to perform technical analysisCopy link to section
If you want to generate significant returns when trading, you need to master technical analysis. This is the process of reading charts to determine what direction the market is likely to move in next. You can gain a firm understanding of this form of analysis by reading our detailed short-term trading course, which explains how you can incorporate the process into your own trades.
Step 4. Start tradingCopy link to section
When you’ve mastered your demo account, you’ll see that trading cryptocurrency is fairly simple. All you need to do is take a position based on whether you think the value of your cryptocurrency will go up or down. If you’re confident the price will go up you should take a long position (meaning buy) and if you think it will fall, simply take a short position (meaning sell).
You might also be able to add leveraged trading to your strategy, although this isn’t recommended for inexperienced traders as it’s a high-risk move. The way leveraged trading works is that you only put down a fraction of what the trade is worth and the broker covers the rest.
Savvy traders use stops to mitigate risk and limit potential damage, and this is definitely something you should consider. You can learn about the different kinds of orders and how they can be used to protect your capital here.
Should I invest in Ontology?Copy link to section
There are a variety of factors to take into account when answering this question. Chiefly, what is the overall health of the cryptocurrency market? If it is performing well and prices are broadly rising, an altcoin like Ontology is likely to perform well. By contrast, in negative macro conditions, Ontology is an asset likely to struggle.
The really smart part of Ontology is that it allows companies with little-to-no prior knowledge of cryptocurrencies to integrate blockchain technology into their business. This gives Ontology some unique credentials that make it an encouraging prospect: the ability to infiltrate the mainstream.
Crucially, you should only ever invest money that you can afford to lose. All investments can turn sour, and in the case of the cryptocurrency market, it is extremely volatile, meaning things can go wrong in an instant. Make sure you are both mentally and fiscally prepared to lose the money you are putting on the line.
Still undecided?Copy link to section
ProsCopy link to section
- Runs alongside NEO
- ONT has a great team with a proven track record behind it
- There are many uses and potential markets for the Ontology platform
Below, we have outlined some key final considerations to make before you invest in Ontology (ONT).
1. Is now a good time to buy Ontology?Copy link to section
This depends on your investing style. If you are the sort of person who likes to hold onto assets for a prolonged period of time until they gain sufficient value, Ontology’s mainstream potential and versatile use cases could stand it in good stead for price accretion. So, if you buy into the cryptocurrency macro story and feel Ontology is set to increase in popularity thanks to its technical qualities and usability, it is rarely a bad time to invest.
For those of you who prefer short-term trading for accelerated results, the fundamental value of Ontology is less of a concern. Instead, mastering technical analysis will allow you to make more accurate market projections, leading to profitable decisions regarding your ONT holdings.
Whatever route you choose to go down, make sure it is informed with the latest and best cutting-edge analysis of Ontology. We have provided a selection of our most recent insights below for your convenience:
2. What problem does Ontology solve, and what are its investment prospects?Copy link to section
It makes crypto accessible to companies that would otherwise be unfamiliar with it. Considering cryptocurrency adoption remains in its formative years, this move towards garnering mainstream understanding is positive and massively increases the scale of the market Ontology appeals to.
However, there are some concerns. Ontology’s main competition, NEO, is at a more advanced stage in its development and popularity curve. In addition, because Ontology is a Chinese project, it could face increasing difficulties because the Chinese government is broadly anti-crypto.
Despite these potential hurdles, Ontology remains a promising crypto project that could well provide token holders with good returns. Check out any of the links below to read some of the latest news articles concerning Ontology:
Ontology-powered Welcome Home App passed initial review stages
Ontology (ONT) teams up with Wing Finance for a new DeFi product
Price report: ICON (ICX), Ontology (ONT), Qtum, NEO
3. Do you want to hold Ontology for the long term?Copy link to section
You can gain exposure to the price performance of Ontology crypto in two different ways: holding ONT for the long term in a wallet or trading it via a broker for expedited rewards. Below, we have outlined the two sets of considerations you need to make for each instance.
Considerations for a long term investment strategy
If you want to seek exposure to Ontology’s future price, you need to hold it for the long term. To do this, make sure you find a trustworthy exchange and consider opening a crypto wallet to store your ONT more safely.
Considerations for a short term trading strategy
Short-term traders should consider what broker they want to use, and they should aim to find one with low fees since these will be incurred frequently. Then, you need to think about your individual trading strategy, which is wholly customisable. From day trading to swing trading, the possibilities are vast.
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >