ONDO is a network comprising of wbe3 and traditional financial services. It hosts blockchains, wallets, DeFi platforms, asset management services and more. The platform utilises a mix of blockchain technology and traditional regulatory practices to ensure that the quality of the services provided is unmatched.
The ONDO token is the native token of the platform and is used to enable governance for it. The token lets its holder participate in voting for the platform’s management proposals, smart contract upgrades and other decisions. The supply of the token is limited to ten billion.
This guide will help you understand how to purchase your ONDO token in a simple, organised, and safe manner.
How to Buy ONDO in 4 Easy Steps
You may buy the ONDO token by following the four simple steps given below:
Step 1: Choose a Crypto Exchange Platform
The primary requirement for buying the token is a crypto exchange platform that supports ONDO. To choose a platform, examine the reviews, security features, supported fiat currencies and payment methods.
Some platforms will let you buy the token directly with a fiat currency. For USD you may use Coinbase Exchange and Kraken, Bybit is suitable for EUR, and INR is supported by CoinDCX and Zebpay. In case a fiat currency is unavailable, you may use an altcoin to exchange ONDO. Possible altcoins include USDT (Tether), USDC (USD Coin), and BTC (Bitcoin).
Step 2: Register on any of the Platform
The platform that you have chosen will then require you to register an account with it. Registration is necessary to ensure customer safety and efficient asset management. To register an account, you need to provide details like email address, phone number, residential address etc. Additionally, you need a valid ID such as a driver’s license or a passport to complete the registration. After the details have been provided, it takes a few hours to verify and activate the account.
Step 3: Buy The Cryptocurrency Using Your Feasible Payment Method
Your account is now ready for use. To proceed, use one of the payment methods provided by the platform to add funds to your account. Available payment methods include debit/credit cards, UPI, bank transfers, crypto wallets and more.
The funds that you add to your account can then be used to buy the required amount of ONDO tokens.
If you want to use fiat currency directly, you may use Coinbase Exchange (for USD), Kraken (for USD, EUR), and Zebpay (INR). Other platforms will let you purchase the token by trading it with an altcoin. You need to buy the altcoin using the funds in your account and then trade it for ONDO. The platform will provide the information necessary to make an optimal trade.
Step 4: Store the Cryptocurrency in a Wallet
The token you have purchased now requires safe storage. A crypto wallet helps you store your tokens safely. To choose a wallet from all the compatible wallets, compare their reviews, features, user interface and support features. Some wallets that are recommended for ONDO are Bitget Wallet and Klever Wallet.
With your wallet ready, go to the withdrawal section of your account on the exchange platform and from there, select the amount of ONDO you want to transfer and enter your wallet key. A successful transfer completes the process of buying and safely storing your ONDO token.
Also read: Layer 0 in Blockchain
Popular video guides on buying ONDO
Where to buy ONDO tokens (ONDO)
BitGet was founded in 2018 as a crypto exchange platform focused on copy trading and other advanced trading tools. The platform comprises several other services such as crypto loans, trading bots, and Bitget Wallet. The platform has expanded to over 100 countries with the help of strategic partnerships. The company aims to promote smart trading among its users.
Factsheet
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Operational Since: |
2018 |
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Deposit Methods: |
Credit/Debit Card, Bank Transfer, Cryptocurrencies |
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Deposit Fees: |
Crypto Deposit is Free, Fiat deposit varies with payment method |
|
Cryptos Listed: |
800+ |
|
Trading Fees: |
0.1% For both maker and taker |
|
Fiat Currencies Supported: |
USD, EUR, GBP, TRY, BRL, and ZAR |
|
Trustworthiness: |
Safe and Reliable |
Kraken, established in 2011, is a top cryptocurrency exchange renowned for its strong security and wide selection of digital assets. It provides advanced trading options such as spot and futures trading, staking, and even an NFT marketplace. With its user-friendly interface, Kraken appeals to both beginners and seasoned traders, while maintaining a focus on regulatory compliance and offering innovative financial services.
Factsheet
|
Operational Since: |
2011 |
|
Deposit Methods: |
PayPal, Debit/Credit, UPI, Crypto |
|
Deposit Fees: |
Kraken charges different fees for different types of deposits |
|
Cryptos Listed: |
500+ |
|
Trading Fees: |
0% to 0.40% of the total cost |
|
Fiat Currencies Supported: |
USD, EUR, GBP, JPY, CAD etc. |
|
Trustworthiness: |
Safe and Reliable |
OKX was founded in 2017 primarily as a spot and derivatives exchange platform. It has gradually grown to become one of the leading platforms in the world. The services provided by the platform include DApps, block trading, NFT marketplace, and other web3 applications. OKX operates in 200 countries with over 50 million users.
Factsheet
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Operational Since: |
2017 |
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Deposit Methods: |
Visa, MasterCard, and ApplePay credit cards |
|
Deposit Fees: |
None |
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Cryptos Listed: |
Over 344 cryptocurrencies listed |
|
Trading Fees: |
0.08% Maker and O.10% Taker |
|
Fiat Currencies Supported: |
97 fiat currencies |
|
Trustworthiness: |
Safe and reliable |
Frequently Asked Questions
Where Can You Buy ONDO With A Credit Or Debit Card?
The available payment methods for each cryptocurrency vary from one platform to another. You must check the details of the platform to get the list of available options. In the case of ONDO, some platforms allow trade with USD, EUR, and INR.
Use Coinbase Exchange and Kraken for USD, Kraken and Bybit for EUR, and CoinDCX and Zebpay for INR. Other platforms allow direct purchase of other altcoins that can then be traded for ONDO. Cryptocurrencies like USDT, USDC, and BTC usually have valid exchange pairs. Simply add the funds to your account using your card and proceed with the purchase.
To make your exchanges more profitable, study the exchange rates of the cryptocurrency before the trade. Each exchange platform has many tools to help you with the same.
What Will You Need To Buy ONDO?
The following items are a must to complete the procedure of buying ONDO tokens:
- An exchange platform: An exchange platform is a necessary intermediary for the purchase. It requires a registered account that can be created by providing some details and an identification document. The platform will give you the tools that will help you make an informed transaction.
- Debit/credit card: You must have a debit or credit card to add funds to your crypto account. You may then use the added funds to buy ONDO directly or an exchangeable altcoin.
- Fiat money: For convenience, a direct purchase of the token is preferred. Currencies like USD, EUR, and INR are available for direct exchange on some platforms like Kraken, Bybit, and Zebpay respectively. To explore the supported currencies, go through the payment options offered by the platform.
- Crypto wallet: A crypto wallet will let you safely store your currency. Moreover, you should compare the features of all before choosing a wallet. Some wallets that are preferred for ONDO tokens include Bitget Wallet and MyEtherWallet.
What Is The Easiest Way To Buy ONDO?
The most straightforward way to buy ONDO tokens is through a direct purchase with a debit or a credit card. First, choose an exchange platform that allows the use of cards for adding funds. Then buy the ONDO token directly or look for an exchange pair. The exchange pairs are available for altcoins such as Tether and Bitcoin. After the purchase, transfer the token to a safe wallet of your choice.
Best Wallets To Store Your ONDO Token (ONDO)
Crypto wallets are essential for the safety of your cryptocurrencies. Some of the wallets available for ONDO tokens are mentioned below.
- MyEtherWallet (MEW): It is amongst the leading wallets for ONDO tokens. Along with non-custodial wallets, it offers NFT management, access to blockchain projects and connection to Ledger or Trezor. The wallet is accessible on both iOS and Android devices along with its browser version.
- Bitget wallet: The wallet is ideal for ONDO with its easy setup. The wallet provides detailed market analysis with real-time quotes, price charts, details of circulating supply and data analysis.
- Klever wallet: Besides storage, the wallet provides an option to buy and sell the ONDO token as well. It supports multiple currencies for purchases. Staking is also supported by the wallet but is currently unavailable for the ONDO token. The platform supports its users with 24/7 customer support.
