How to Buy Akash Network (AKT) in 2021: A Simple Guide

Akash Network (AKT)In this guide you’ll get information about where to buy Akash Network, if you are planning to buy AKT – You’re in the right place!

Akash Network is a platform that is designed to resolve issues with storage issues and resources. Cloud system may seem like a high-end and sophisticated technology, but it still deals with resource issues. With the lack of available resources, companies are struggling in finding proper storage for their data Akash Network provides the solution through decentralized cloud concept. Basically, users interact to one another.

Those who have the unused space and storage can offer it, while those who need the storage and space can rent it. The providers will be ‘paid’ with AKT – they get the incentives for their service. In the end, there won’t be ‘crowded’ space or lack of empty storage. The system is also flexible and the cost for renting those resources would be low. In fact, the cost would be much lower up to 10 times than the regular cost, and users won’t have to depend on the regular servers. With automatic blockchain technology and decentralized network, everything can be managed easily through this platform.

Akash Network (AKT) Features

  • Serverless. The system works automatically with (simplified) code deployment to enable resource allocation management. Once agreement is made, transactions can be executed right away.
  • Hybrid cloud. Organizations and Cloud Service providers will provide the needed space to those who need it. Users are basically working together – providers offer their unused space while ‘clients’ rent the space and pay for it.
  • Direct interaction. Providers and renters directly interact to one another without any intermediary, resulting in lower price.
  • Private and secure. The platform allows flexible workload management without compromising privacy, confidential data, or personal data. The platform enables scaling as well as fault tolerance of all the transactions.
  • Interoperable system. The platform is connected to different channels, allowing multi-cloud, multi-token, and also multi-chain performance. Users only need to use this platform and yet they can reach out to many different platforms and channels quite easily.

Where to Buy, Sell and Trade Akash Network aka AKT

You can basically use debit card, credit card, or even PayPal to buy the Akash Network (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the Akash Network as the exchange.

With cryptocurrency, things are different. You need to use debit card or credit card to buy the Ethereum or Bitcoin first. After you get the Ethereum or Bitcoin, you can convert it to Akash Network. It takes several stages and processes. You need to gain access to the reputable cryptocurrency exchange first to make sure that everything is safe and sound.

In general, the process would be:

  1. You go to the online exchange and buy the Ethereum or Bitcoin
  2. Find a crypto exchange that supports Akash Network currency and exchange your Ethereum or Bitcoin with the Akash Network
  3. Store your Akash Network to a secured wallet

Step 1: Buy Bitcoin (BTC) or Ethereum (ETH) at Coinbase

There is no better way to get started with cryptocurrencies than aiming high for the big boys. You have to buy your first shares of Bitcoin or Ethereum by creating an account at COINBASE. The best to do so is by creating a confirmed account in the platform and explore your options.

The site will ask for some basic information about yourself, make sure to tell the truth. Otherwise, you could face withholding of your investment. Make sure to type your name, your e-mail, and your password correctly. The stronger your password is, the safest your money will be. You will be asked to check your status as a living being using a re-captcha box and to agree to the terms of use of the platform.

coinbaseClick here to register (opens in new tab)

  • You will be asked to through the process of confirming your e-mail address as well as verifying your identity. It would be best if you went through that procedure at once to avoid any issues before putting money on the platform. Coinbase will ask for personal information such as your home phone number, your address, and proof of your identity using an official document such as a passport or a driver’s license.
  • Keep in mind that Coinbase takes some time to verify your ID, but once your account is verified, things can move forward on your end. By confirming your identity, you will have better security on your account, and the people working at Coinbase will be able to help you with easy on any issue you face. You will also be able to trade larger numbers of money on your transactions as well as other perks related to the trading information the goes inside the platform.
  • You can also manage your payment options. As we mentioned previously, the sites make it very easy to handle FIAT money to pay for the altcoins you want to have in your portfolio. You can check in your bank account to make direct deposits or withdrawals. While this method is excellent, it takes at least two days to verify it on Coinbase’s end. You can also register your credit cards, debit cards, and even your PayPal account in the buy/sell link located on the top menu.

That’s the first step in buying Akash Network, once you get your Bitcoin or Ethereum, you can continue to the next step.

Step 2: Choosing the Best Cryptocurrency Exchange for Your Investments

After you have your Coinbase account, you need to choose a cryptocurrency exchange to make your deals, then you need to transfer your newly purchased BTC or ETH from your Coinbase wallet.

With so many options out there and so many unbalanced reviews across the internet, it can be quite challenging to choose the right exchange service. Since we are looking out for you and we are interested in making you win money as well, we have taken the liberty of picking ten of the best ranking exchanges you can contact on the internet. For the sake of transparency, we can tell you that our operations keep running each time you click on these recommendations.

These are the best exchanges we can recommend for you to exchange BTC or ETH with Akash Network:

BINANCE
binanceBinance is probably the top-ranked cryptocurrency exchange in the market, and it’s the place to go to trade large volumes of digital assets. They established their operations back in 2017 in Malta, one of the few countries to openly embrace cryptocurrencies as a financial instrument. They currently average up to 1.2 billion dollars in trade right now.

  • Deposit Methods: Bank transfer (ACH), Bank transfer, Cryptocurrency, Debit card, Wire transfer
  • Fiat Currencies: USD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH, KZT & 5+ more
  • Supported Cryptocurrencies: BTC, EOS, BCH, ETH, FET, XVG, TRX, NEBL, XRP, NEO & 160+ more
  • Trading Pairs: 603+
CHANGELLY
changellyThis cryptocurrency exchange is located in the Czech Republic. They are the same team responsible for MinerGate, one of the most reputed groups of people in the market. The exchange is popular for allowing US-based investors and for offering to cover the network fees of any user.

  • Deposit Methods: Cryptocurrency, Credit card, Debit card, Wire transfer, bank Transfers
  • Fiat Currencies: USD, EUR, GBP
  • Supported Cryptocurrencies: BTC, BCH, ETH, XMR, ZEC, DASH, XRP, ETC, LTC, DOGE & 100+ more
  • Trading Pairs: N/A
GATE.io
gate.ioGate.io is a popular exchange service in his native base of operation in Hong Kong. They only handle transactions using cryptocurrencies, so you won’t find Fiat options with them. Since they work with the best ranked digital assets in the industry, they can average up to $48million in transactions.

  • Deposit Methods: Cryptocurrency Only
  • Fiat Currencies: N/A
  • Supported Cryptocurrencies: BCH, EOS, TRX, ONT, ETH, BTC, BTM, AE, OCN, ADA, IHT, XRP, ETC, NAS, LTC, & over 117+ more
  • Trading Pairs: 403+

IMPORTANT! Once you are registered to any of the above, find the BTC/AKT or ETH/AKT trading pair and then place the order to buy those pairing cryptocurrencies. Go back to COINBASE and transfer/exchange your Bitcoin/Ethereum.

Step 3: Managing Your Crypto Assets in a Secure Wallet

As your portfolio of crypto assets expand, you will need to have a crypto wallet to keep your goods safe. There are thousands of service providers on that end, and choosing the right one would take an entirely new guide to share some knowledge about this topic.

You can install one of these wallets in your hardware. That way, you can keep your currencies in your devices, such as your desktop or laptop. If you prefer, you can also use an online wallet to keep your holdings safe on the internet.

There are also options to have mobile wallets installed on your smart device, but most of them are lacking in the space department. The final option would be a paper wallet, which is nothing more than a euphemism to get an official legal document that states the content of your wallet and the keys to gain access to them.

For Securing your Akash Network (AKT) We recommend you to use hardware wallet which support many cryptocurrencies – Choose between these two: Ledger or Trezor

ledger nano x

LEDGER NANO-X

  • Secure
  • Mobile Friendly
  • Easy to Manage
  • Supported Coins: 1200+

trezor model t

TREZOR MODEL-T

  • Invented for your digital independence
  • keeps your keys safe
  • Easily back up your entire wallet
  • Supported Coins: 1093+

Frequently Asked Questions (Faqs)

Can I Buy Akash Network (AKT) with PayPal?

You won’t be able to buy this directly with PayPal. If you are going to use PayPal, you need to buy Bitcoin or Ethereum first and then exchange it with the Akash Network. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.

Can I Buy Akash Network (AKT) with Cash?

You can’t buy it directly, you need to get bitcoin/ethereum first. buying BTC or ETH with cash you can do the following:

  • Make sure you have a BTC / ETH wallet before you buy from seller
  • Go to LocalBitcoins and find person in your area who sells bitcoin/ethereum and accept cash.

Can I Buy Akash Network (AKT) with Skrill?

You can’t buy AKT directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to Akash Network. You can buy BTC/ETH with skrill by using these exchanges::

Can I Buy Akash Network (AKT) with Bitcoin?

Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair BTC/AKT and begin the transactions.

Can I Buy Akash Network (AKT) with Ethereum?

Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support ETH/AKT trading pair.

What Is the Best Payment Method to Buy Akash Network (AKT)?

The cheapest way is to use bank account to buy Bitcoins first or to buy the Akash Network right away. The fastest way is to use a credit card but you will then be charged higher fees.

How to Protect Akash Network (AKT)?

Once you have purchased the Akash Network, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:

ledger nano x

Securely trade on-the-go and manage a large number of assets at the same time, with only one device.

  • Secure
  • Mobile Friendly
  • Easy to Manage
  • Supported Coins: 1200+

trezor model t

The next-generation cryptocurrency hardware wallet, designed to be your universal vault for all of your digital assets. Store and encrypt your coins, passwords and other digital keys with confidence.

  • Invented for your digital independence
  • keeps your keys safe
  • Easily back up your entire wallet
  • Supported Coins: 1093+

How to Sell Akash Network (AKT)?

Find a crypto exchange which allow pairing AKT with BTC or ETH – convert it back to Bitcoin or Ethereum, then sell your BTC or ETH for a fiat currency.

Can I Mine Akash Network (AKT) and Not Buying It?

You can’t mine this actually. It has a completely different network and structure than the regular Bitcoin. The only way to own a Akash Network is to buy it from a reliable exchange.

Conclusion

Even cloud technology has its own limitation and flaws, especially with limited space and resources that will cause operational cost to become high. Akash Network is determined to solve those issues by creating a platform where cloud providers and renters can interact to each other. The platform uses interoperability to be connected to other channels and blockchain system with automatic system. Those who are interested can always join but they need to buy Akash Network (AKT) first.

Leave a Comment

error: