How to Buy Blocery (BLY) in 2022: A Simple Guide

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

Blocery is designed as the modern platform for food supply chain. The platform wants to make the chain more seamless, efficient, and trusted with the introduction of blockchain technology. With distributed (ledger) data structure, a new (and modern) generation of food supply ecosystem can be created. With Blocery, producers, consumers, settlement service providers, and distributors are able to implement immutable data sovereignty. The participants within the chain could be connected, making the chain reliable as well as transparent.

When food is delivered (to the consumers), it involves a complex procedure that involves retail distribution, wholesale, processing, and production. This food supply chain is currently running on a relationship with trust basis. Unfortunately, the practice has been ‘contaminated’ by lack of trust, immorality, delayed settlements, irresponsible participants, and complex procedures. Because of these issues, around one third of the global food production is wasted on a yearly basis. It takes around 1.6 billion tons. That’s why Blocery wants to prevent such thing from happening again. The platform wants to transform the current condition with such a waste and inefficiency.

Not only Blocery is great for improved food supply chain, but it can also be used for investments. The platform continues on doing improvements and innovations so users can enjoy the platform with many of its services. Users should be able to stake or farm while utilizing their tokens for Blocery’s services. BLY token is designed as a mean of payment and transactions. Smart contracts can be created with the token and owners can even stake those tokens.

Blocery (BLY) Features

  • ShopBly. This is the digital market that users can access when they want to enjoy fresh products and trusted supply chain. Users are able to check the products in real-time manners while feeling secured because the data is recorded within the blockchain.
  • Community based operation. The platform’s services are community based, which means that not only users can shop, but they can be rewarded or compensated through the community.
  • Contract farming. Users can create agreements between them and producers, and they can also trace their orders or purchases easily.

Where to Buy, Sell and Trade Blocery aka BLY

You can basically use debit card, credit card, or even PayPal to buy the Blocery (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the Blocery 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 Blocery. 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 (ETH), Bitcoin (BTC), or Tether (USDT)
  2. Find a crypto exchange that supports Blocery currency and exchange your Ethereum / Bitcoin / Tether with the Blocery
  3. Store your Blocery 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.

Get $10 Bonus when you sign up for Coinbase!

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 Blocery, 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 Blocery:

GATE.io
gate.ioGate.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 BLY/BTC or BLY/ETH or BLY/USDT trading pair and then place the order to buy those pairing cryptocurrencies.

Most likely you’ll find this pair available to you BLY/USDTso you need to convert your BTC or ETH to USDT first in order to buy Blocery (BLY)

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 Blocery (BLY) We recommend you to use hardware wallet which support many cryptocurrencies – Choose between these two: Ledger or Trezor

ledger nano x

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

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 Blocery (BLY) 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 Blocery. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.

Can I Buy Blocery (BLY) 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 Blocery (BLY) with Skrill?

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

  • LocalBitcoins
  • Paxful
  • Virwox
  • SpectroCoin
  • Lykke
  • Exmo
  • Coingate

Can I Buy Blocery (BLY) with Bitcoin?

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

Can I Buy Blocery (BLY) with Ethereum?

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

What Is the Best Payment Method to Buy Blocery (BLY)?

The cheapest way is to use bank account to buy Bitcoin or Ethereum or Tether first or to buy the Blocery right away. The fastest way is to use a credit card but you will then be charged higher fees.

How to Protect Blocery (BLY)?

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

Ledger Wallet

Trezor Wallet

 

 

 

 

 

 

How to Sell Blocery (BLY)?

Find a crypto exchange which allow pairing BLY 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 Blocery (BLY) 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 Blocery is to buy it from a reliable exchange.

Conclusion

Blocery wants to revolutionize the way food supply chain is running. The platform believes that modernization and technology should be able to bring a lot of benefits, not only to the producers, but also to all the participants within the networks. Interested users should buy Blocery (BLY) before they can unlock all the features and services.

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