How To Buy Aragon | Ultimate Guide To Buy ANT
Aragon is a decentralised platform built on the Ethereum network. The platform offers a modularised way to create and manage dApps, crypto protocols, and decentralised autonomous organizations (DAO). ANT is the native token of the Aragon platform
The project is quite popular within the decentralised finance (DeFi) space, which means that the ANT token has a lot of use case within and outside the community. This comprehensive guide will help you fully understand the various aspects of ANT trading and investment. With this guide, you can easily trade and invest in ANT.
5 Steps to Buy Aragon with eToro Now
Buying any cryptocurrency with eToro is easy, simply follow the steps below:
1Sign up for free with eToro, entering your details in the required fields.
2Fill out the questionnaire, this is both educational for you and eToro.
3Click 'Deposit', you'll then be asked how you want to fund your account.
4Choose your required payment method, follow the simple steps to link your payment.
5Enter the amount you want to deposit and you're good to go!
Our Recommended Platform to Buy Aragon
Aragon is one of the top DeFi projects on the Ethereum blockchain. If you are interested in learning the various aspects of ANT investment and trading, then we urge you to read this post until the end. This will provide you with the necessary information to help you make smart trading decisions.
However, if you are familiar with the Aragon project and you wish to start trading the cryptocurrency right away, we have compiled a list of the best platforms to help you get started. You can choose from the list of our recommended platforms to start trading.
Where to Buy Aragon in 2021
Knowing where to buy Aragon is the first step towards trading and investing. Aragon is a good project and one of the leading DeFi platforms on the Ethereum blockchain. If you are confident in what the team is building, then you might consider buying the coins and holding them for the long term. The best way to do this would be via cryptocurrency exchanges. This is because crypto exchanges allow you to purchase the real ANT tokens and transact with them. You can store the tokens in your exchange wallet, move them to another private wallet or trade them against other cryptocurrencies.
Another place to buy and trade ANT tokens is on the cryptocurrency brokerage platforms. They are perfect for people who are only interested in profiting from ANT's short-term price performance. With crypto brokers, you are only speculating on the price performance of the cryptocurrency and not purchasing the actual tokens. They allow you to profit from ANT's price performance without worrying about where to store the coins.
How to Buy Aragon with a Broker
Crypto brokerage platforms have become popular for allowing users to buy and trade a wide range of cryptocurrencies. Their model of operation differs from exchanges, but they grant users exposure to cryptos. When trading with brokers, you are betting on the performance of the ANT token via financial products such as contract for differences (CFDs) or futures. Hence, you are not buying and storing the actual ANT tokens.
1. Register with the Broker
Purchasing ANT tokens with a broker can only happen if you open an account with one of them. Most brokerage platforms have easy and swift registration processes. With eToro, Pepperstone and a few others, the process lasts a few minutes because they only require a username, password, and email address to register your account. We recommend sticking to the regulated platforms as they offer the desired security measures. We also recommend using strong passwords for your brokerage account. The ideal password should be strong, containing at least -20 characters with a minimum of one capital letter, number, or symbol for security.
2. Verify your Identity (KYC Process)
Verifying your brokerage account is the next thing to do after opening it. Account verification is important because the recommended brokerage platforms are regulated and abide by the set standard KYC (Know Your Customer) and anti-money laundering (AML) processes. Once you complete the KYC and AML verification process, you will have full access to the features on the brokerage platforms, including trading, deposits and withdrawals.
To verify your brokerage account, you will need to submit an official ID like a driving license or a passport, proof of residence, and sometimes proof of earning. The process provides greater security for your funds and personal data. The verification stage takes a few minutes, and your account could be activated within hours.
Implementing AML and KYC verification processes gives a cryptocurrency platform a more professional outlook. It shows they take the security of customer funds and data seriously. We advise using a broker that has AML and KYC measures in place.
3. Deposit Funds with your Preferred Payment Method
With your brokerage account activated, you can fund it using any of the available payment options on the platforms. However, before choosing a payment method, you need to consider the following;
- Transaction speed
- Transaction fees
- Availability of the payment method in your country or on the platform
These factors are important in helping you to decide the best payment option. Bank transfers and PayPal have low fees, but each of them presents challenges to traders. Credit and debit cards are the most popular ones, but the transaction fees for using them are higher. Thus, you have to consider all the options and choose the one that suits you.
4. Open a Position to Long/Short Aragon
With the funds in your crypto brokerage account, you can open long or short positions on ANT. If you believe in the long-term potential of ANT's price, then you can open a long position on the cryptocurrency. This means you are bullish and believe the price could soar higher in the coming months or years.
However, if you predict that the price could crash in the coming weeks or months, you can open a short position on ANT. It implies that you are bearish about the cryptocurrency, and you don't see it performing excellently in the short term. If your prediction plays out, you will earn profits. A short position can be opened easily on a brokerage platform with the help of a CFD that also allows you to take advantage of leverage. However, while the potential for profits is enhanced when using leverage, the losses can also be greater.
Understanding the difference between the two can help you use them perfectly to make money trading the ANT tokens. However, you should also consider risk management techniques when trading cryptocurrencies. Setting trading limits like the stop loss and take profit can help you get out of a trade on time, even when you are away.
5. Close your Position
Once you have reached the desired trading goal, you can close your position. You can do so manually or automatically if you have set a trading limit like stop loss and take profit. It is excellent to use trading limits because they allow you to be in control of your traders even when you are not there. We advise learning everything about closing positions to mage risk properly.
How to Buy Aragon with an Exchange
Cryptocurrency exchanges are a different prospect to brokerage platforms. With exchanges, you get to enjoy more liquidity, and they allow you to buy, hold and trade the actual ANT tokens. If you intend to buy and hold the real ANT tokens, then crypto exchanges are the best places to start. However, you need to trade with reputable and reliable cryptocurrency exchanges because they offer security and good customer support. The top exchanges have massive ANT liquidity, excellent customer support, good features and security.
1. Set up an Aragon wallet
ANT is an Ethereum-based token, implying that you need to set up an Ether wallet to get started with the ANT token. Since it is a popular ERC-20 token, several wallets support the ANT token and setting it up will only take a few minutes.
- Exchange/Online wallets: Crypto exchange and online wallets are popular because a lot of traders store their funds with them. You can buy and store your ANT tokens on crypto exchanges. However, it is best if you intend to use the coins for daily trading to earn profits. If not, it is best to move the tokens to a cold storage wallet for safety purposes.
- Desktop wallets: Desktop wallets are special software programs that enable you to store your ANT tokens and a wide range of other cryptocurrencies. There are numerous ETH-based desktop wallets to choose from.
- Cold wallets: Cold storage wallets are the most recommended because they offer high-level security for your ANT tokens. They come as hardware devices mostly shaped as flash drives.
As mentioned earlier, the security of your ANT tokens should always be your primary concern. Hence, why we recommend storing the tokens in a cold storage wallet. It would be best if you considered implementing extra layers of security in your wallet, like the 2FA. Your wallet password needs to be strong, and you have to store the keys in a secure location.
2. Choose and Join an Exchange that Offers Aragon
As one of the leading DeFi tokens, ANT is available on numerous centralised and decentralised exchanges. You can buy the ANT tokens from crypto exchanges such as Binance, Huobi, Uniswap, Kraken, Bittrex and Gate.io. These are some of the exchanges with the highest ANT liquidity, and they are reputable. Analyse and compare the features of the exchanges and go with the one that offers the best features for you.
3. Choose Your Payment Method for Buying Aragon
After settling on a crypto exchange and registering with them, you can choose the payment option you wish to fund the account. There are numerous payment options available on all exchanges, but each method comes with its conditions. Debit and credit cards are very popular and available on almost all crypto exchanges, allowing you to fund your account within minutes. But they have higher transaction fees.
PayPal and Bank Wire have low fees, but bank wire transactions take days for the funds to reflect in your account, while PayPal is not readily available on all crypto exchanges. However, ensure that you choose the payment method you are most comfortable with.
4. Place an Order to Buy ANT
With the deposited funds, you can place a buy order for ANT tokens on the crypto exchanges. If you have exchanges that support the direct swap between fiat currencies and the ANT tokens, then the process is easier. However, some exchanges will require you to buy the leading coins such as BTC, ETH, BNB or USDT before converting them to ANT tokens. Ensure you check the ANT trading pairs on a crypto exchange before you decide on a platform to use. For example, on Binance, simply select the currency you wish to trade in, enter the amount you wish to purchase and click on the buy button.
5. Safely Storing your Aragon in a Wallet
After buying the ANT tokens from cryptocurrency exchanges, there are certain things you can do with them. You can use the ANT tokens to trade against a wide range of other cryptocurrencies. In this case, it is best to leave the tokens in your exchange wallet. However, if you desire to hold the tokens for a long time, then you should move them to a cold storage wallet. They provide the required security for your tokens, ensuring that they are safe at all times.
The ANT tokens will be in your wallet for as long as you want. When you wish to move them, you will need to use the wallet's public key. You will also need the recipient's address and the number of ANT tokens you intend to transfer.
Should you Buy or Trade Aragon?
There is a difference between investing and trading ANT tokens. Knowing the difference will help you know which platform to use and allow you to leverage them both to increase your chances of becoming successful. If you are a long term investor, then an exchange is the right platform for you to buy and hodl the tokens. But if you wish to exploit the price volatility of Aragon, then a broker will be a better choice.
What's the Difference between an Aragon Exchange and a Broker?
Crypto exchanges and brokers don't operate the same way, even though they provide traders with access to cryptos. When using crypto exchanges, you will get to buy the actual ANT tokens. You can trade the tokens, hold them in your exchange wallet or transfer them to private wallets for safekeeping. Crypto exchanges make it possible to trade ANT against cryptocurrencies such as BTC, ETH, USDT and BNB and fiat currencies like the USD or EUR.
Crypto brokers operate differently because they only allow you to bet on the price performance of a cryptocurrency. You get to bet on whether ANT's price will go higher or lower, and depending on your prediction, you will earn profits. By using brokers, you are not interested in purchasing the actual tokens but only getting exposure via contract for differences (CFDs) or futures contracts.
Aragon: Long vs. Short Term Investment
Investing in ANT for the short and long-term are not the same. As a long-term investor, you are purchasing the ANT tokens and holding them for a long time to earn profits in the future. Usually, you can hold the tokens for months or years. In this scenario, the best thing to do is to buy ANT tokens from exchanges and store them in a cold storage wallet for safekeeping.
As a short-term investor, you are also gaining exposure to the cryptocurrency, but it only lasts for a few weeks or months. This investment style is best suited for cryptocurrency brokers since they allow you to speculate on the price performance of the ANT token in the short term. When using cryptocurrency brokerage platforms, you can earn profits if the ANT token's price goes up or down, depending on your prediction. Ultimately, trading with cryptocurrency brokers means you don't have to buy and hold the actual ANT tokens.
3 Tips to Buy Aragon
The following tips will help you gain more insight into ANT trading and investment.
1. Choose the Right Time and Do Your Own Research on the Aragon tokens
Ensure you carry out in-depth research on the crypto project you wish to invest in. This will help you know if you are interested in the project for the long term or if you wish to trade it for a while. To make unbiased and informed decisions, we recommend consulting multiple sources to get adequate and in-depth information on the Aragon project. Doing so would also help you identify good market opportunities when they arise.
2. Comparing Costs to Buy Aragon
You should try and find out the differences in trading on the various brokerage platforms and exchanges you are interested in. There are price differences, and comparing the costs would allow you to choose the best and most affordable one for you. However, keep in mind that the services and features they offer might not be the same, hence, the price differences.
3. Safety and Security when Buying Aragon
Always remember to check the security of the platform you are buying the ANT tokens from. This is because the security of your funds is one of the most important things to you as an investor. Trading with a regulated and reputable broker makes it easier and ensures your funds are safe at all times.
What is the Best Payment Method to Purchase Aragon?
- Buy ANT with Credit Card: You can buy ANT tokens using a credit card after funding your account.
- Buy ANT with Bank Transfer: Fund your account via Bank transfer and purchase BTC, ETH, BNB or USDT. Swap any of them for ANT.
- Buy ANT with Bitcoin: This payment option is available for those who wish to buy ANT tokens using BTC.
- Buy ANT with cash: You can deposit fiat currencies like the EUR or USD on crypto exchanges or brokerage platforms and use them to purchase ANT.
- Buy ANT with PayPal: Buy BTC, ETH or USDT using PayPal and swap it for ANT. The PayPal payment feature is great but not available on all platforms.
Other Ways to Buy Aragon
You can also purchase ANT tokens using other methods, including;
- P2P: (Peer-to-Peer) exchanges allow buyers and sellers to meet and negotiate prices for various cryptocurrencies. You can purchase ANT tokens on P2P platforms. They are great because of the low transaction fees.
- Staking: You can earn ANT tokens when you stake them on the network. You stake the tokens by holding them in your wallet instead of using them. Your tokens help secure the network, and you earn a reward for it.
This comprehensive ANT token trading and investment guide should provide you with the necessary information to get started. However, we still encourage readers to conduct in-depth research to find the best ANT buying/selling platforms available to them.
Frequently Asked Questions
No, there isn't. Each investor can allocate as much as they can afford to the ANT project. Your investment depends on certain factors, such as how much you have budgeted to invest and other investment criteria.
If you intend to hold the ANT tokens for a long time, then it is best to move the tokens to a cold storage wallet. The tokens are more secure on cold storage wallets than they are on cryptocurrency exchange wallets.
The ANT tokens are available on crypto brokers and exchanges. For exchanges, you can buy it from the leading ones such as Binance, Kraken, KuCoin, Uniswap, Gate.io and several others. ANT tokens are also available on some cryptocurrency brokerage platforms.
ANT token is popular in the DeFi space. You can stake the ANT tokens to earn a reward or trade them against other fiat currencies and cryptocurrencies. You can also trade any of the ANT token pairs on crypto exchanges or store the tokens in your cold storage wallet for safekeeping.
You can get the latest news on ANT and other cryptocurrencies on crypto news sites. Many social media platforms can also provide you with the latest market news on a wide range of cryptocurrencies and other financial markets.