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How to buy Sentivate tokens online
This guide introduces you to the Sentivate project. Find out about its history, the function of SNTVT, and discover the best crypto brokers and exchanges you can use.
Compare where to buy Sentivate, and open an account
For those of you who want to know where to buy SNTVT crypto, check out the below options. They are some of the best brokers around and have been highly recommended by our team of analysts. For more on Sentivate and SNTVT, scroll down this page.
What is Sentivate?
Sentivate is an innovative project that aims to revolutionise the way the internet operates. The SNTVT token currently serves as Sentivate’s native token, though the development team aims to eventually swap it in favour of VIAT tokens that will be enabled when Sentivate’s web launches. Tokens will be swapped in a 1000:1 (SNTVT:VIAT) ratio.
Fundamentally, the project is about bringing speed, security, scalability, flexibility and accountability to a modern internet which has failed to improve to keep up with demand in recent years. In a white paper (report), Sentivate explains that the current protocols behind the world wide web – such as HTTP and DNS – are no longer fit for function. Many issues exist, such as increasingly limited bandwidth, old standards, a lack of features, a lack of identity, little accountability, and an absence of additional decentralised components.
Sentivate’s solution is a hybrid platform that takes the best components from both centralised and decentralised systems. The long-term vision for Sentivate is undoubtedly exciting. Internet users will eventually be able to browse with a single universal identity rather than multiple usernames and passwords, and this is just one of the many changes Sentivate proposes to make to the internet behind the scenes. Having started in 2016, the Sentivate platform has quickly gained support in the crypto community and the price of SNTVT has increased.
How does Sentivate work?
Sentivate works by using a User Datagram Protocol (UDP) known as UDSP to solve many of the problems afflicting the internet as it exists today. The internet today is under a great deal more strain than it used to be. Developing countries are coming online, individuals are using multiple devices and there are more devices per household, and technologies like self-driving cars are growing in popularity. Within the Internet of things (IoT), the ‘things’ have become a great deal more complicated and in need of more bandwidth.
The UDSP is a data transfer solution that is designed for machine-to-machine communication within the IoT, and it breaks down data into packages so that it can be sent and combined in such a way that bandwidth issues are solved. Think of this as a much-needed update for the Internet. More data than ever is being sent at single points in time, and Sentivate’s solution prevents congestion by allowing many of the outdated protocols like HTTP and DNS to work together in a way that couldn’t happen before.
How to buy SNTVT online – a step-by-step guide
Step 1. Find an exchange
If you are looking for the best place to buy Sentivate coin in the UK or elsewhere, check out the options at the top of the page or the two exchanges below; they both have low fees and offer an excellent service:
- Binance: Binance has become the go-to exchange for crypto users. The platform supports over 100 different cryptocurrencies, including SNTVT. Sign up for a Binance account now >
- Bitpanda: With features that both experienced and novice investors will appreciate, Bitpanda is an accessible crypto exchange that offers users access to many crypto coins, including SNTVT. Open a Bitpanda account today >
Step 2. Sign up and fund your account
Setting up your exchange account is a simple process, but you will usually need to provide a copy of your photo ID as part of an identity verification check. Most exchanges now accept deposits in the form of fiat currencies like GBP and USD, but you can also fund your account with cryptos like Bitcoin.
Step 3. Purchase
Now your account has been set up, simply find SNTVT on your chosen exchange and enter the quantity you would like to purchase based on your funds. If you are using GBP, find the SNTVT/GBP pair, whereas if you are using Bitcoin, find the SNTVT/BTC pair. If you are happy with the exchange rate, execute your trade and acquire your Sentivate tokens.
Step 4. (Optional) Get a suitable wallet
If you’re going to be holding your SNTVT tokens to contribute to platform governance decisions and speculate on long-term price accretion, using a crypto wallet is an ideal security solution. Most exchanges will allow you to store your SNTVT tokens in your account, but if you want an added layer of protection, you can’t go wrong with a wallet. Below are two of the best wallets to store Sentivate tokens.
- Trezor: As the first-ever hardware wallet, Trezor is an excellent option when it comes to securing your SNTVT tokens, especially from online attacks. Get a Trezor wallet and store your Sentivate tokens today >
- Freewallet: As one of the top online crypto wallets, Freewallet has built up an excellent reputation as an innovative and reliable crypto wallet service. Open a Freewallet to store your SNTVT in now >
How to trade Sentivate – a step-by-step guide
Step 1. Find a broker
Brokers are a service that allows users to trade effectively by opening and closing positions quickly to take advantage of short-term market fluctuations. Because SNTVT hasn’t established itself as a major cryptocurrency yet, not every broker supports the coin. The most likely brokers to support SNTVT are Plus500 and eToro because they are two of the largest exchanges and add new coins constantly. For more broker options, consult the table at the top of this page.
Step 2. Deposit money
Most online brokers accept funds in the form of fiat money; simply load up your account with regular capital and get started. However, make sure you check that your chosen broker allows direct trades with fiat currencies, and before you start trading SNTVT tokens, make sure you aren’t owed any additional sign-up bonuses.
Step 3. Decide how you’d like to trade
Before you trade SNTVT tokens, settle on a strategy that you are comfortable with. This will usually involve using contracts for difference (CFDs) that will allow you to gain exposure to the price of SNTVT without owning any tokens outright. Any good trading strategy focusses on the technical side of things, so make sure you familiarise yourself with key technical indicators and methods of technical analysis. If you do this, you should be able to spot trends as they develop and make prudent trading decisions with SNTVT.
Step 4. Start trading
Before you throw yourself into trading with SNTVT, consider using a demo account. This is an account filled with virtual funds that you can freely trade and experiment with to learn about the market and the different risks before putting real money on the line. It is an ideal option for trading novices.
When trading with SNTVT, you can either go long (wanting the coin to rise in value) or go short (wanting the coin to fall in value). Going long is the most well-known position, and going short is a little more complex. Read our short selling guide for more information.
You can also trade with something called leverage if you want maximum exposure to the price movements of SNTVT. You won’t own the additional SNTVT outright, though you will enter into a contract betting on the value of the tokens. This can quickly turn against you if you don’t know what you are doing, so we wouldn’t recommend it for beginners.
Still undecided?
If you still have question marks against your decision to invest in Sentivate tokens, here are some of the platform’s pros and cons to help you decide.
Pros
- The internet needs to be revolutionised, and Sentivate appears to be one of the few platform’s offering a solution
- The hybrid technology of Sentivate is unique
- The team is vastly experienced and didn’t need an ICO to raise money
- Immense investment potential if the team can achieve its goals
- First-mover advantage
Cons
If you desire more information before making a final investment decision, read on for 3 key questions about investing in Sentivate.
1. Is now a good time to buy SNTVT?
If you believe that Sentivate will accomplish its goal of revolutionising the internet, this means that SNTVT will rise in value enormously, so now could be a good time to invest if you are a long-term value investor while prices are low.
For short-term traders, now could also be a good time to trade SNTVT because Sentivate’s early stage of development could create significant price volatility, creating trading opportunities. If trading SNTVT is your focus, don’t get drawn into Sentivate’s company fundamentals and instead focus on technical factors in the market as a whole.
Regardless of what your strategy is, keep informed about Sentivate and SNTVT tokens with our latest analysis below:
2. What problem does Sentivate solve, and what are the coin’s investment prospects?
Sentivate solves the outdated protocols of the internet by enabling them to communicate with each other. Sufficient bandwidth is made available by Sentivate to allow a new and more populous internet to flourish. New technologies like self-driving vehicles would be much more at home if Sentivate is able to achieve its goals and transform the internet.
This is an incredibly ambitious project, but it is one that is clearly necessary. We doubt that Sentivate’s team, as talented as it is, will be able to pull this off alone. However, if it can find the right strategic partner, the price of SNTVT tokens could be set for a marked rise.
To keep informed about Sentivate, its investment prospects and the latest market performance of SNTVT tokens, click one of the links below to read the latest news.
3. Do you want to hold SNTVT for the long term?
You can hold SNTVT tokens for the long term, or you can opt to trade them over the short term. Both of these methods can be highly effective, but they need different kinds of considerations before being implemented, and these are outlined below.
Considerations for a long term investment strategy
If you want to become a fully-fledged member of the Sentivate network and want to have your voice heard in relation to key governance decisions, sign up to a reliable exchange and get some Sentivate coins. If you are a long-term investor and want to target future price increases, consider opening a crypto wallet to store your SNTVT more securely.
Considerations for a short term trading strategy
If short-term trading of SNTVT tokens is your main priority, choose a broker with low fees and start forming a trading strategy. Volatility will slowly become your best friend as you attempt to regularly seek out trading opportunities.