In this guide you’ll get information about where to buy BLACKHOLE PROTOCOL, if you are planning to buy BLACK token – You’re in the right place!
Blackhole protocol is a burning platform built on ETH network. As a cross-chain burning platform which is approval-free, any user can hold BLACK and old token LP to create a burning pool. The old token will be permanently burn into a new token. This way, ecological vitality is gained. Currently it supports some major blockchains such as BSC, Polkadot and Heco. Soon, it will spread to other blockchains.
With accordance to the needs of ecological developments, burning methods and targets for different projects may greatly vary. The approach used in burning token can vary in terms of burning targets and frequency. Blackhole also applies specific burning mechanism that may be different from others. The aim of its burning mechanism is to reduce the total supply of BLACK token, change its supply and demand, then implement continuous token burning to increase the value of BLACK.
- Official website: https://blackhole.black/
- Twitter: https://twitter.com/blackholeburn
- Telegram: https://t.me/BlackholeProtocolOfficial
Table of Contents
BLACKHOLE PROTOCOL (BLACK) Features
- Compatibility of the Protocol. Blackhole can connect with any project user’s interface seamlessly with its special smart contracts and user-friendly features of open-source SDK. In addition, anyone in the community including partners can create a burning pool with a solicitation contract that can be directly penetrated into any DeFi project.
- Multiple Support for Burning Protocol. The protocol is supported with single token burning and creator-designed burning rewards.
- Advanced Geometrical Deflation Model. BLACK is a special burning economic mechanism that utilizes top-notch mathematical progression convergence model. This model causes all BLACK tokens to undergo deflationary cycle 15 times. After that, the value of the token will increase.
- NFT Concept. Blackhole Protocol begins NFT rewards and cross-chain burning as it is designed with NFT concept. Rewards are given in the tight timing, making a solid foundation for the creation of a wider and larger ecosystem.
- Fees and Governance Usage. Anyone who stake their BLACK tokens can participate in the governance and gain the revenue.
- Liquidity Burning Features. Complete liquidity, decentralization, and neutrality can be achieved as the Blackhole Protocol can destroy the LPT’s ownership directly while maintaining the liquidity of the pool. Furthermore, BLACK will gain more quality of liquidity through the burning process.
Where to Buy, Sell and Trade BLACKHOLE PROTOCOL aka BLACK
You can basically use debit card, credit card, or even PayPal to buy the BLACKHOLE PROTOCOL (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the BLACKHOLE PROTOCOL as the exchange.
With cryptocurrency, things are different. You need to use debit card or credit card to buy Tether first. After you get the ETH or BTC or USDT, you can convert it to BLACKHOLE PROTOCOL. 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:
- You go to the online exchange and buy the Ethereum (ETH), Bitcoin (BTC), or Tether (USDT)
- Find a crypto exchange that supports BLACKHOLE PROTOCOL currency and exchange your Ethereum / Bitcoin / Tether with the BLACKHOLE PROTOCOL
- Store your BLACKHOLE PROTOCOL to a secured wallet
Step 1: Buy Bitcoin (BTC) or Ethereum (ETH) or Tether (USDT)
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.
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- 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 BLACKHOLE PROTOCOL, once you get your Bitcoin or Ethereum or Tether, 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 or USDT 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 or USDT with BLACKHOLE PROTOCOL:
Gate.io is a crypto exchange service that is part of Gate Technology Inc. Gate.io is registered in Virginia, United States, and founded in 2017. 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 1040+ more
- Trading Pairs: 1801+
IMPORTANT! Once you are registered to the crypto exchange above, Go back to COINBASE and send your Bitcoin/Ethereum/Tether to your new exchange. Find the BLACK/BTC or BLACK/ETH or BLACK/USDT trading pair and then place the order to buy those pairing cryptocurrencies.
Most likely you’ll find this pair available to you BLACK/USDT – so you need to convert your BTC or ETH to USDT first in order to buy BLACKHOLE PROTOCOL (BLACK)
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 BLACKHOLE PROTOCOL (BLACK) We recommend you to use hardware wallet which support many cryptocurrencies – Choose between these two: Ledger or Trezor
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+
Frequently Asked Questions (Faqs)
Can I Buy BLACKHOLE PROTOCOL (BLACK) 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 BLACKHOLE PROTOCOL. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.
Can I Buy BLACKHOLE PROTOCOL (BLACK) 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 BLACKHOLE PROTOCOL (BLACK) with Skrill?
You can’t buy BLACK directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to BLACKHOLE PROTOCOL. You can buy BTC/ETH with skrill by using these exchanges::
- LocalBitcoins
- Paxful
- Virwox
- SpectroCoin
- Lykke
- Exmo
- Coingate
Can I Buy BLACKHOLE PROTOCOL (BLACK) with Bitcoin?
Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair BLACK/BTC and begin the transactions.
Can I Buy BLACKHOLE PROTOCOL (BLACK) with Ethereum?
Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support BLACK/ETH trading pair.
What Is the Best Payment Method to Buy BLACKHOLE PROTOCOL (BLACK)?
The cheapest way is to use bank account to buy Bitcoin or Ethereum or Tether first or to buy the BLACKHOLE PROTOCOL right away. The fastest way is to use a credit card but you will then be charged higher fees.
How to Protect BLACKHOLE PROTOCOL (BLACK)?
Once you have purchased the BLACKHOLE PROTOCOL, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:
How to Sell BLACKHOLE PROTOCOL (BLACK)?
Find a crypto exchange which allow pairing BLACK with BTC or ETH or USDT – convert it back to Bitcoin or Ethereum, then sell your BTC or ETH for a fiat currency.
Can I Mine BLACKHOLE PROTOCOL (BLACK) 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 BLACKHOLE PROTOCOL is to buy it from a reliable exchange.
Conclusion
A decentralized exchange that is user-friendly and offers lots of options like Blackhole Protocol is what every beginner trader is looking for. Being easy to use, this exchange will surely attract more users. Through the exchange, users need to buy BLACK as fuel of the platform. Not only can users have full access to Blackhole, they are also provided with some exclusive market reports and fee discounts. BLACK will handle more use cases as the platform develops so it can eventually increase its value.
