In this guide you’ll get information about where to buy Carnomaly, if you are planning to buy CARR token – You’re in the right place!
Many users see how blockchain technology infiltrates music, finance, and other large industries. And now it’s the turn of the automotive industry. Carnomaly aims to help users on owning a car through membership tiers.
Users who buy Carnomaly (CARR) tokens can control and manage their vehicle’s history report through the website. Carnomaly will record the information on the blockchain including any changes in the vehicle or ownership. The platform also has a DeFi structure that will help users on finding a loan to get the car they want. Users can stake their $CARR tokens and continue earning their rewards to later earn better rates when selling their vehicles. Carnomaly aims to have their CarrChain be the unifying blockchain that both dealers and individuals use worldwide.
- Official Site: https://carnomaly.io/
- Twitter: https://twitter.com/carnomaly
- Telegram: https://t.me/carnomaly
- White Paper: https://carnomaly.io/wp-content/uploads/2021/02/Carnomoly_Whitepaper_22621.pdf
Table of Contents
Carnomaly (CARR) Features
- CarrDeFi: One of the main features in Carnomaly is the CarrDeFi, a lending and borrowing module for both users and dealers. The module will maximize returns and minimize risk to keep it fair for both parties. CarrDeFi will open several pools using various tokens as currency, but lenders who choose to finance the loan with $CARR will earn extra token rewards. Dealers can benefit from the DeFi as each transaction and history is on the record. Carnomaly is also ready to help dealers on connecting with their customers and fellow dealers.
- CarrChain: Carnormaly aims to provide the main blockchain protocol that will gain worldwide use. The chain will record the vehicle identification numbers and other related data including ownership and any reparation. Every time the vehicle goes on sale or is under repair, the information will be in the blockchain for further use.
- Tiered Membership: All token holders are automatically a member of the Carnomaly community. They are eligible for privileges such as worldwide rewards, and leverages when purchasing both used and new vehicles. And they are also can earn rewards when they do any transaction with the vehicle, including selling and maintenance. Anyhow, Carnomaly limits membership to only two vehicles per household at maximum.
Where to Buy, Sell and Trade Carnomaly aka CARR
You can basically use debit card, credit card, or even PayPal to buy the Carnomaly (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the Carnomaly 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 Carnomaly. 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 Carnomaly currency and exchange your Ethereum / Bitcoin / Tether with the Carnomaly
- Store your Carnomaly 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 Carnomaly, 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 Carnomaly:
Kucoin is one of the most solid exchanges in the market right now. They started to operate back in 2017. They take regular payment methods such as wire and bank transfers as well as other cryptocurrencies. They have a presence both in the Google Play Store and the iOSAppStore. Kucoin also offers discount trading fees, as well as significant dividends on half the transactions they do. They have a presence both in the Google Play Store and the iOSAppStore.
- Deposit Methods: Cryptocurrency, Express Polish Post Office 24/7, Wire transfer, GBP bank transfers
- Fiat Currencies: USD, EUR, PLN, GBP and 47+ More
- Supported Cryptocurrencies: BTC, ETH, XRP, BCH, TRX, LTC, DASH, XMR, XLM, OMG & 512+ more
- Trading Pairs: 1044+
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 CARR/BTC or CARR/ETH or CARR/USDT trading pair and then place the order to buy those pairing cryptocurrencies.
Most likely you’ll find this pair available to you CARR/USDT – so you need to convert your BTC or ETH to USDT first in order to buy Carnomaly (CARR)
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 Carnomaly (CARR) 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 Carnomaly (CARR) 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 Carnomaly. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.
Can I Buy Carnomaly (CARR) 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 Carnomaly (CARR) with Skrill?
You can’t buy CARR directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to Carnomaly. You can buy BTC/ETH with skrill by using these exchanges::
- LocalBitcoins
- Paxful
- Virwox
- SpectroCoin
- Lykke
- Exmo
- Coingate
Can I Buy Carnomaly (CARR) with Bitcoin?
Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair CARR/BTC and begin the transactions.
Can I Buy Carnomaly (CARR) with Ethereum?
Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support CARR/ETH trading pair.
What Is the Best Payment Method to Buy Carnomaly (CARR)?
The cheapest way is to use bank account to buy Bitcoin or Ethereum or Tether first or to buy the Carnomaly right away. The fastest way is to use a credit card but you will then be charged higher fees.
How to Protect Carnomaly (CARR)?
Once you have purchased the Carnomaly, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:
How to Sell Carnomaly (CARR)?
Find a crypto exchange which allow pairing CARR 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 Carnomaly (CARR) 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 Carnomaly is to buy it from a reliable exchange.
Conclusion
Carnormaly aims to help car owners to figure out the best and most viable methods to own a car. The platform offers a website where users can buy Carnomaly (CARR) tokens and stake them to earn rewards. Carnomaly also offers a CarrDeFi module so users can trade their tokens and grow their assets. Users also can propose a loan to get the vehicle they want and will have other users act as lenders. Carnomaly has tiers for the membership where each tier affects their vehicle purchase and reward.
