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March 24, 2019
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How To Buy ICO Tokens
In recent years, there has been a real boom in ICO projects – almost every startup seeks to raise funds for its needs by offering coin. However, this sphere is not regulated by anyone and generates numerous HYIPs with clearly fraudulent intentions. Many of them even successfully disguise themselves as a serious start-up, for some time they lead the public with enticing promises, and then simply evaporate. Depending on the dynamics of development and economic strategy, a specific cryptocurrency network can combine different types of tokens. For example, many ICO projects issuing their coins (altcoins) today use several categories, and the classic Bitcoin only one.
What you need to know about ICOs
It is also important to know that some ICO startups accept donations in the form of fiat money. Others take only bitcoins as payment or the cryptocurrency on which they are going to build their own blockchain. Most often, investors pay esters. How much ETH is worth paying and how many tokens to buy – you decide. However, at the initial stage, ICO tokens cost a penny, so you can recruit a lot.
How long before you get ROI?
ICO-projects have recently become very popular because they allow you to make new profits or any valuable service using the blockchain technology and existing cryptocurrency systems. It is convenient for both developers and investors: some quickly find money for their project, others – profits. The release of ICO’s own tokens allows investors to rely on earnings in the future, provided that the project is proven and reliable, and not just another scam, which, unfortunately, are many in the market.
Bitcoin and Ethereum are still the best bets
It is easy to buy coins on one of the well-known cryptocurrency exchanges for example in Coinbase – you can also make a wallet in the same place. Connect your bank account or credit card, buy a currency, but keep in mind that this must be done at least a week before the ICO since it takes several days to conduct such transactions involving traditional banks. Also note that at Coinbase, the credit card fee is higher than the bank transfer (3.99% and 1.49%, respectively). If you plan to store purchased Bitcoins (Bitcoin) or ethers (ETH / USD) here, move them to the storage. We do not recommend using two-factor authentication via SMS.
Research the ICOs and register with one
It is easy to buy coins on one of the well-known cryptocurrency exchanges for example in Coinbase – you can also make a wallet in the same place. Connect your bank account or credit card, buy a currency, but keep in mind that this must be done at least a week before the ICO since it takes several days to conduct such transactions involving traditional banks. Also note that at Coinbase, the credit card fee is higher than the bank transfer (3.99% and 1.49%, respectively). If you plan to store purchased Bitcoins (Bitcoin) or ethers (ETH / USD) here, move them to the storage. We do not recommend using two-factor authentication via SMS.
Send your contribution to the ICO team
Register on a cryptocurrency exchange (for example, Coinbase) and have a wallet on it. Then buy some coins bitcoin or ether. Most often, ICO startups use the ETH trick, since they are based on the Ethereum ecosystem. However, to participate in the ICO will not work, using only an account on the exchange. With a purse on a resource, you do not have private keys, so all tokens will come to the address of the exchange, and not to your own. MyEtherWallet should be tied to it if ethers are used, or your software wallet for bitcoins. As an option – a wallet on the service Blockchain.info. Send your cryptocurrency to the address of the organizers. Make sure that the address is correct and is not fake. Often fraudsters exploit this vulnerability and quietly steal the output bitcoins and ethers.
How to store your ICO tokens
In the process of transferring and storing tokens are similar to cryptocurrencies. To do this, use special applications-wallets that implement the storage and processing of keys, as well as the formation and signing of transactions. Typically, these applications are part of the tokenization framework infrastructure.
