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How To Buy Ardor | Ultimate Guide To Buy ARDR

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Ardor is a multichain blockchain platform designed with scalability in mind. The platform solves some of the existing problems in the crypto space like blockchain bloat, single token dependency, and the desire to have customisable but compatible blockchain solutions. 

This blockchain is based on NXT technology, and Ardor claims to provide the first pure proof of stake consensus algorithm. Per its design, the parent Ardor chain provides the security of the whole function while the interoperable chains have the functionalities.

ARDR is up by nearly 300% in 2021, so represents a potential investment opportunity. We want to make the ARDR investing and trading process easier for you, which is why we put together this comprehensive guide. It contains everything you should know about ARDR trading and investing

5 Steps to Buy Ardor with eToro Now

Buying any cryptocurrency with eToro is easy, simply follow the steps below:

  1. 1
    Sign up for free with eToro, entering your details in the required fields.
  2. 2
    Fill out the questionnaire, this is both educational for you and eToro.
  3. 3
    Click 'Deposit', you'll then be asked how you want to fund your account.
  4. 4
    Choose your required payment method, follow the simple steps to link your payment.
  5. 5
    Enter the amount you want to deposit and you're good to go!

How to Buy Ardor with a Broker

Crypto brokerage platforms provide an easy way for users to buy and trade several cryptocurrencies. They offer alternative trading and investment methods to crypto exchanges. When using a crypto broker, you are only speculating on the performance of the ARDR coin via investment vehicles such as contracts for difference (CFDs) or futures. This means you are not dealing with the real ARDR coins.

As with any financial asset, you should treat the security of your cryptocurrencies with the utmost importance. The cryptocurrency market is in its early days, which means it is plagued by numerous scam projects and platforms. You need to be careful about the brokerage platform you choose to trust with your money. We recommend using only regulated cryptocurrency brokers because they offer top-notch security, ensuring that your funds and personal data are safe at all times. Ensure you carry out in-depth research and find out the regulatory status of a broker before you register with them. By using a regulated broker, you get to enjoy security and other services such as massive liquidity, a good user interface, and more.

1. Register with the Broker

Trading the ARDR coin with a broker starts by opening an account with a brokerage platform of your choice. There are numerous brokers available, but we recommend using a regulated broker since they offer the needed security and have excellent features available to the traders. Most brokers have an easy registration process that allows you to get your account ready within minutes. eToro and Pepperstone are some of the leading crypto brokerage platforms, and they only require a username, password, and email address to register your account. When opening your brokerage account, we advise using a strong password, and this usually contains at least 6-20 characters with a minimum of one capital letter, number, or symbol. This boosts your account security.

2. Verify your Identity (KYC Process)

Since we are dealing with regulated crypto brokers, account verification is important. This is because the brokers comply with regulatory standards and require users to verify their accounts for extra security. Hence, you will be asked to verify your account per the KYC (Know Your Customer) and anti-money laundering (AML) processes. Account verification allows you to enjoy most of the features offered by a broker.

When verifying your brokerage account, you will need to submit an official ID such as a driving license or a passport, proof of residence, and sometimes proof of earning. Once this is done, you are granted access to the broker's platform and all the available features. The verification stage usually takes a few minutes, and the broker activates your account within minutes.

Adding the verification process means that a crypto broker takes the security of your funds and personal data seriously. Hence, the reason why crypto companies are advised to implement such processes on their platforms.

3. Deposit Funds with your Preferred Payment Method

As soon as your brokerage account is activated, you can move to the next stage and fund it. Each brokerage platform offers a wide range of payment options, and you have to choose the one that suits you. To do so, you need to consider the following:

  • Transaction speed
  • Transaction fees 
  • Availability of the payment method on the platform or in your country

These are crucial factors that help you decide on the best payment option for you. Each of them comes with its challenges such as high fees, long transaction period, and lack of availability. For this reason, consider all the options and choose the best payment method for you.

4. Open a Position to Long/Short Ardor

After funding your crypto brokerage account, you can open long or short positions on the cryptocurrency. You can open a long position if you are bullish on ARDR's long-term price potential. This means you are confident of making profits in the long run.

On the other hand, if you see ARDR's price declining over the coming weeks or months, you can open a short position on the cryptocurrency. This means you are bearish about Ardor. If your prediction is correct, you will make a profit for shorting the cryptocurrency.

If you understand the difference between the two, you can easily leverage them to make profits by trading the ARDR coin. When using a crypto broker, consider implementing risk management techniques. Inserting trading limits such as stop loss and take profit can help you trade the cryptocurrency favourably.

5. Close your Position

You can close your position once you attain your desired trading goal or if you wish to limit your losses. Closing your position can be done manually or automatically. By setting limits such as stop loss and take profit, the broker automatically closes your position once the set limits are attained. This allows you to take action on your trades even while away from your computer. You should learn everything possible about closing positions using the educational resources available on the platform or this website.

How to Buy Ardor with an Exchange

Crypto exchanges also allow traders to access a wide range of cryptocurrencies. However, unlike the brokerage platforms, exchanges allow you to buy, hold, and trade the real ARDR coins. We recommend choosing reputable and reliable crypto exchanges since they offer more features such as security, trading tools and more.

Some exchanges are still not regulated. However, they are not reputable and operate outside the purview of the law. You should use only reputable and reliable regulated crypto exchanges.

1. Set up an Ardor wallet

ARDR is the native coin of the Ardor blockchain. To start trading or to invest in the cryptocurrency, you need to take a few minutes and set up an appropriate wallet. Some of the options to consider include:

  • Exchange/Online wallets: This wallet type is popular because cryptocurrency exchanges offer it. You can buy and store your ARDR coins on crypto exchange wallets. However, this is only recommendable if you are trading the coins. If you want to hold the coins for a long time, you should move them to a cold storage wallet for better security.
  • Desktop wallets: Desktop wallets are computer software programs that allow you to store the ARDR coins you purchase from an exchange. Find the ARDR-supported desktop wallet to store your coins.
  • Cold wallets: This wallet type is the most recommended since they offer the best security for your cryptocurrencies. They are offline wallets usually shaped like USB flash drives. Since they are offline, it is hard for hackers to steal your funds.

The security of your ARDR coins should always be at the top of your mind. Hence, we recommend storing them in a cold storage wallet. Ensure that you add extra layers of security to your wallet, such as the 2-factor authentication. Also, set a strong password for the wallet and store your public keys in a secure location. You can learn more about the various ways to protect your crypto cold storage wallets here.

2. Choose and Join an Exchange that Offers Ardor

ARDR is a leading cryptocurrency that is available on several cryptocurrency exchanges. You can purchase ARDR coins from leading cryptocurrency exchanges, including Binance, Huobi Global, Bittrex, Poloniex, WazirX and HitBTC. These exchanges have the highest ARDR liquidity, and they offer excellent features. Ensure you go through the features they offer, so choose the best one for you.

3. Choose Your Payment Method for Buying Ardor

After choosing an exchange, opening an account and verifying it, you can select the payment option you are comfortable with. The exchanges offer numerous payment options, and each one has its conditions. When you choose credit and debit cards, the funds are deposited almost instantly, but you will incur higher transaction fees. PayPal and Bank Wire have lower transfer fees, but PayPal is not readily available on all platforms, while bank transfer takes days before the funds reflect in your account. Most exchanges also offer other electronic payment channels such as Neteller, Skrill and others.

4. Place an Order to Buy Ardor

After funding your crypto exchange account, you can place a buy order for the ARDR coins. Some exchanges allow you to buy the ARDR coins directly using the deposited fiat currencies. However, for exchanges that lack the ARDR-fiat currency trading pair, you have to use your fiat to buy leading cryptocurrencies such as BTC, ETH, or USDT. You can convert these coins to ARDR once you are done. Know the available ARDR trading pairs on the cryptocurrency exchange you wish to use.

5. Safely Storing your Ardor

The ARDR coins are loaded into your crypto exchange account. The next step is to decide what to do with the coins. You can leave them in your exchange account and trade them against other cryptocurrencies like USDT, ETH, or BTC. However, if you are an investor, you will want to hold the coins for a long time. In this case, move the coins to a cold storage wallet. This is because they provide the needed security for your coins, ensuring that they are safe at all times.

Once you have transferred the coins to your cold storage wallet, they will be there until you are ready to transfer them. To do so, you will need to enter your wallet's public key and the number of ARDR coins you wish to transfer.

Should you Buy or Trade Ardor?

Investing and trading ARDR coins are different. Understanding the differences will help you decide the platforms to use and enable you to take advantage of them both.

What's the Difference between an Ardor Exchange and a Broker?

Trading with crypto exchanges and brokerage platforms is different. When using cryptocurrency exchanges, you get to purchase the real ARDR coins. The exchange allows you to trade the coins, hold them in your exchange wallet, or move them to a private wallet. Cryptocurrency exchanges allow you to trade numerous ARDR trading pairs such as ARDR/BTC, ARDR/USDT, ARDR/ETH, and more.

However, crypto brokerage platforms don't operate the same way. They allow you to bet on the price performance of ARDR and other cryptocurrencies. This means you speculate on ARDR's price, and depending on your prediction, you will make a profit or record a loss. Trading with crypto brokers doesn't involve buying the actual ARDR coins, but instead trading them as contracts for difference (CFDs) or futures contracts.

Ardor: Long vs. Short Term Investment

There is a clear difference between long-term and short-term investments. If you are a long-term investor, you buy the ARDR coins and hold them for months or years, depending on your expectations from the cryptocurrency. As a long-term investor, buying the actual ARDR coins from an exchange is the best option for you. You can store the coins in a cold storage wallet to ensure their safety for the long term.

However, if you are a short-term investor, you are only interested in earning from the price performance for a few weeks or months. It is best to use crypto brokers for this as they allow you to bet on the price performance of the ARDR coin in the short term. You can earn profits when ARDR's price rises or falls, depending on your prediction. With brokers, you don't have to buy and hold the actual ARDR coins.

3 Tips to Buy Ardor

We have walked you through the various platforms where you can buy ARDR coins, and how you can do it. However, these tips will help you in your ARDR trading and investment journey.

1. Choose the Right Time and Do Your Own Research on Ardor

When investing in a crypto project, ensure you conduct in-depth research to see what it is about. This will help you determine if it is a project you wish to be involved with for the long term or for the short term. To ensure your decisions are not biased, we advise consulting multiple sources to obtain adequate and in-depth information on the Ardor project.

2. Compare Costs to Buy Ardor

The cost of buying ARDR varies amongst exchanges and brokerage platforms. It would help if you took the time to analyse the costs on the various platforms and compare them. This would allow you to determine the best and most affordable platforms for you. However, note that the services and features the exchanges offer are not the same. Consider them when making your choice.

2. Safety and Security when Buying Ardor

Security is paramount when you are an investor in any cryptocurrency project. Ensure you check the security features of a crypto exchange or broker before using them. Trading with regulated and reputable platforms makes it easier for you and ensures that your funds are always safe.

What is the Best Payment Method to Purchase Ardor?

  • Buy Ardor with cash: Purchase ARDR directly from another trader using cash.
  • Buy Ardor with Credit Card: Use your credit card to buy ARDR directly. Secure, but with fees.
  • Buy Ardor with Bank Transfer: Deposit funds into your exchange account. Low cost.
  • Buy ARDR with Bitcoin: Convenient for crypto traders.
  • Buy Ardor with PayPal: Very convenient, but not everybody supports PayPal.

Other Ways to Buy Ardor

You can also buy ARDR using any of the methods explained below:

  • P2P: (Peer to Peer) exchanges are unique because they allow users to negotiate directly for buying and selling cryptocurrencies. You can buy the ARDR coins on P2P platforms with ease.
  • Staking: Ardor is a proof of stake protocol, which means you can earn ARDR tokens for staking on the network. By staking, you are helping secure the network by holding the coins in your wallet. You will earn more ARDR coins when you stake the cryptocurrency.

Our comprehensive ARDR trading and investment guide contains the necessary information to help you get started. However, choosing the best platform to trade the cryptocurrency is necessary if you wish to be successful. We have taken care of that for you by recommending the top exchanges and brokerage platforms you can use. These platforms are secure, reliable, regulated, and offer the best features.

Frequently Asked Questions

  1. The decision on when to buy ARDR is up to you. The cryptocurrency market is always active, and several exchanges and brokers support the coin. However, you can analyse ARDR's market to see if it is the best time to purchase the cryptocurrency. Our in-depth guide will give you the needed information to make savvy investment decisions.

  2. The amount you invest in ARDR also depends on you. It would help if you considered factors such as your risk tolerance to the cryptocurrency and how much of your crypto portfolio should go into buying ARDR.

  3. It is the best thing to do if you wish to hold the ARDR coins for a long time. Storing the coins in a cold storage wallet is great as it ensures the security of your funds at all times.

  4. Cold storage wallets are the best when it comes to storing ARDR. Ledger, Trezor, and KeepKey are some of the recommended cold storage wallets. You can also use other desktop or online wallets that support the ARDR coin.

  5. You can buy ARDR from crypto exchanges or brokers. We have several recommended platforms on our site.

  6. ARDR has several trading pairs, including ARDR/USDT, ARDR/ETH, and ARDR/BTC. You can swap any of the supported cryptocurrencies for ARDR.

  7. Ardor is a proof of stake blockchain, which means you can stake the ARDR coins to help secure the network and earn rewards. You can also trade ARDR against a wide range of cryptocurrencies or store the coins in a cold storage wallet for safekeeping.

  8. You can read the latest news on Ardor and several other cryptocurrencies on our platform. Our website covers the latest market news on a wide range of cryptocurrencies and other financial markets.

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