Where can you buy Substratum (SUB)? This question might resonate with those who are keen on supporting a decentralized internet or looking to diversify their crypto portfolio with a project that has a strong vision for the future of web freedom.
Introduction to Substratum (SUB) Substratum aims to facilitate an open and fair internet. As a cryptocurrency, SUB is used within the Substratum Network to handle microtransactions and provide a wide range of web services. Understanding where and how to purchase SUB can be essential for participating in this ecosystem.
Centralized Cryptocurrency Exchanges Centralized exchanges are often the most accessible venues for purchasing Substratum. These platforms provide ease of use, customer support, and straightforward procedures for trading fiat currencies for crypto, including SUB.
Choosing the Right Exchange When selecting an exchange to buy Substratum, consider factors such as security measures, user interface, transaction fees, and the exchange's reputation within the crypto community. Not all exchanges list SUB, so finding one that does is your first task.
Setting Up and Securing an Account To begin trading, you'll need to set up an account on the chosen exchange, verify your identity to comply with regulations, and secure your account with strong passwords and two-factor authentication.
Decentralized Exchanges (DEX) For those who prefer a more direct trading experience, DEXs offer a platform where you can trade cryptocurrencies, including SUB, without the need for a central authority. DEXs often provide increased privacy and control over your funds.
Understanding DEX Mechanics Trading on a DEX means you'll be using smart contracts and a wallet that you control. You'll need to understand how to interact with these contracts and manage your wallet's security.
Pros and Cons of Using DEXs While DEXs offer greater control, they can be less user-friendly for beginners and may have lower liquidity than centralized exchanges, potentially making trades slower or more expensive.
Peer-to-Peer (P2P) Platforms P2P platforms may be a resource for buying SUB directly from other individuals. This method might offer more payment options and potentially lower fees than traditional exchanges.
Navigating P2P Transactions When using P2P platforms, it's crucial to use escrow services and perform due diligence on the sellers. This will help protect your funds and ensure a smooth transaction.
Potential Risks and Rewards P2P transactions come with their own set of risks, such as fraud, but they can also provide a more personalized and potentially rewarding trading experience if conducted safely.
Substratum Wallets Storing your SUB tokens in a secure wallet is vital. You'll need to choose a wallet that supports the Substratum token, which could be a dedicated Substratum wallet, a multi-currency wallet, or a hardware wallet for enhanced security.
Choosing the Right Wallet Evaluate the security features, user interface, and backup options of potential wallets. Your choice will affect how you interact with your SUB tokens and the Substratum Network.
Transferring SUB to Your Wallet Once you've purchased SUB, transfer it from the exchange or platform to your personal wallet. This reduces the risk of losing your tokens due to a hack or exchange failure.
Regulatory Considerations Cryptocurrency regulations vary by country and can affect your ability to buy and sell SUB. Staying informed about the legal framework in your jurisdiction is necessary for compliant trading.
Conclusion Buying Substratum (SUB) involves navigating the world of cryptocurrency exchanges, understanding the intricacies of decentralized trading, and ensuring the secure storage of your tokens. Whether you choose a centralized exchange, a DEX, or a P2P platform, it's important to prioritize security and compliance.
As the Substratum Network grows and its vision for a free and fair internet gains traction, more avenues to purchase SUB may emerge. For now, engaging with the community and staying informed about the project are the best ways to begin your journey with Substratum.
Eidoo is a decentralized light wallet supporting Bitcoin, Litecoin, Ethereum, and numerous ERC20 tokens. Moreover, the platform provides many other services including the cryptocurrency exchange, debit cards, etc. It was developed by an eponymous Swiss company and launched in 2017. One of the purposes named by the company is providing transparent, secure, and easy to use service for managing finance to Eidoo's customers. The company is aimed at keeping control over assets in the hands of customers.
Enjin mobile wallet was developed for handling multiple digital assets, such as BTC, ETH, BNB, LTC, as well as ERC-20, ERC-721, and ERC-1155 tokens. A user owns private keys and can restore access via a 12-word passphrase.
The EtherDelta exchange is a cryptocurrency trading platform based on the Ethereum blockchain, as well as ERC20 standard tokens. The exchange was established in Chicago in 2017. Right after launch, EtherDelta became a favorite of traders due to its unique design of using smart contracts to manage trading through user wallets without additional registration.
Exx exchange was founded in 2017 and is based in Hong Kong. In 2021 many users reported of disappearance of their funds on the exchange. We strongly recommend to avoid using this exchange.
Gate.io was founded in 2013 by Lin Han. The platform is operated by Gate Technology Incorporated. This year, April 17, Gate.io managed to raise raised $64,000,000 as an initial coin offering (ICO), and according to exchange CMO Mrs. Marie Tatibouet on April 8, 2019, it raised an undisclosed amount of capital from 5 BLOCKS CAPITAL.
HelioWallet is a client-side tool that generates an Ethereum address and supports top hardware wallets. It does not require personal information and can be used anonymously.
Hotbit is one of the youngest exchanges opened in early 2018. The exchange does not work with fiat currencies. Hotbit has also adopted some advanced technologies such as GSLB, distributed server clusters, and storage. It goes with a high-speed memory-based trading engine all backed up in multiple machines, cold storage locations, and hot wallets with offline private keys.
Huobi is a cryptocurrency exchange founded in China in 2013. Currently, Huobi is based in Singapore because this country has friendlier cryptocurrency regulations. The company is registered in Seychelles. Before leaving China due to a cryptocurrency ban, the exchange was responsible for 90% of Bitcoin trading volume in this country. Now Huobi is an international platform with offices located in Singapore, Hong Kong, the United States, Japan, and Korea. In China, the company provides blockchain consulting services. Huobi has sub-exchanges: Huobi Korea, Huobi US, etc. Huobi Global is the biggest Huobi exchange. In November 2019 Huobi Global had to shut down all the accounts belonging to the US customers due to strict cryptocurrency regulations of the USA.
Kraken was founded back in 2011 but was officially opened two years later. It is one of the oldest active cryptocurrency exchanges. Kraken provides efficient trading opportunities in numerous Fiat currencies. It is currently holding the world leadership in terms of Bitcoin to Euro trading volumes. The exchange supports both crypto and Fiat deposits as well as withdrawals.
KuCoin is a relatively new exchange that started to operate in the mid-2017. The team behind the project is claimed to be experienced in the blockchain research since 2013. KuCoin has more than a hundred coins listed as well as about 400 active Markets.
Lumi open-source crypto wallet provides mobile versions for both Android and iOS platforms as well as the web version. The wallet powers transactions with multiple coins, including exchange transactions. The service was launched in late 2017.
Luno is the second-largest cryptocurrency exchanger in Indonesia. Headquartered in Singapore, Luno has spread to various countries. Become a trusted and decentralized exchanger, because it provides trading transactions for cryptocurrencies such as BTC, ETH, LTC, and other Altcoins. Visit Luno to see the cryptocurrency.
MetaMask is an open-source multi-cryptocurrency wallet and a gateway to Ethereum-based decentralized applications. As the wallet is made for work with the Ethereum blockchain, it's understood that it supports only Ether and ERC20 tokens. This wallet is designed to let users control their data and assets at the fullest and doesn't store data and assets of its users. MetaMask is a mobile application but those who need a desktop version can use a MetaMask browser extension. It is available for Chrome, Brave, and Firefox browsers.
Mycelium is the open-source wallet that offers a rapid connection to the Bitcoin network. Mycelium is a company that appeared on the market in 2008 as a regular network project. In 2012, the team decided to start using bitcoin technology. The project goal is to build an ecosystem of products that will serve as a means to transfer money. The project was developed by a mobile wallet, which is increasingly chosen by the owners of bitcoins. Today, Mycelium recommends the Bitcoin community as the most reliable and most functional cryptocurrency store.
MyEtherWallet (often referred to as MEW) is a free open-source platform providing a user-friendly interface for creating wallets for Ethereum tokens. The platform itself doesn't hold any of the user's money or data. Instead, the assets and personal information are stored on the user's devices while MyEtherWallet provides a wallet address. This approach is supposed to enhance the security of funds and provide users with total control over their assets and data. The mentioned features are available via the use of the MEWconnect mobile app.
Tidex is a cryptocurrency exchange that was founded right before the crypto storm in October of 2017. To date, the reported daily trading volume extends $2 million. By different accounts, Tidex is slightly below the 50th position or 100th position in the list of the top exchanges ranked by liquidity. The exchange is known as a clear user-friendly platform with low fees and over 100 available trading pairs. Some might find it disturbing that there is too little information about the exchange team, however, there are little to no reports claiming that Tidex is a scam. In this Tidex review, we will check out the most important facts about this exchange and figure out is it safe to use Tidex and how profitable is trading on this exchange.
Trezor is an offline device used to store crypto private keys. Trezor is one of the top secure hardware wallets and works on Windows 8+, macOS, Android, and Linux. It is connected to a USB port of your computer via cable.
Trust Wallet is a multi-currency mobile app enabling secure and anonymous transactions. It has gained popularity since 2017.
Vinex supports 50+ cryptocurrencies for trading, among them are the most well-know such as Bitcoin, Ethereum, Litecoin, Tether, etc. Vinex is registered in British Virgin Islands.
WazirX is an Indian-based centralized cryptocurrency exchange providing crypto-to-crypto pairs (BTC, USDT), as well as fiat trading opportunities (INR, the Indian Rupee). Among the developments of the company, there is a WazirX P2P engine for fast fiat-to-crypto conversion. The WazirX trading platform is compatible with Android, iOS, Mobile Web, Windows, macOS. The referral program works within the platform. U.S. customers are not allowed. KYC checks are applied to customers. Customer service is available through email and Telegram channels.