In this guide you’ll get information about where to buy Credits, if you are planning to buy CS token – You’re in the right place!
Credits is a (decentralized) platform that looks similar to other platforms offering financial services, especially the new and modern DeFi products. The platform is designed as an open source blockchain protocol that wants to address the issues of scalability, decentralization, and security. The team wants to be able to handle 1 million of transactions within a second, and with 0.1s speed for confirmation times. The fees would also be made low, only US$0.001.
The platform is created to develop smart contracts as well as dApps. The smart contracts from this platform is said to enable users to create schedules and set cycles.
Basically, Credits is designed as a blockchain platform utilizing smart contracts and (decentralized) network nodes. It is done for the sake of dApps execution and development. The blockchain technology is extremely unique and special because it is able to provide high speed transaction, low fees, scalability, and decentralization without complex sharding usages. Thanks to these, users are able to develop applications (which are connected to the blockchain) that can transform the traditional business method and model by eliminating issues with trust, transparency, and security.
Credits (CS) Features
- Extra fast processing time. The platform uses high network capacity that is able to handle 100,000 transactions in a second, although it depends on many factors, including the request sent to the network, the transactions architecture, and network hardware. The minimal time needed to process the transaction is around 0.5 seconds in average.
- Low fees. The cost is as low as $0.001, which is definitely affordable and it won’t cause any financial burden to the users.
- Sharding absence. Whereas other platforms may use sharding to deal with scalability and fees, this platform doesn’t implement such a thing. They don’t use any sharding to get high TPS, which means that the system is easier and simpler. It’s not complicated at all.
- Advanced smart contracts. The ‘intelligent’ smart contracts are packed with handy and sophisticated tools (and also features), and it includes events.
- Dedicated app. The platform has its own application, which is designed to make the transactions easier and faster.
Where to Buy, Sell and Trade Credits aka CS
You can basically use debit card, credit card, or even PayPal to buy the Credits (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the Credits 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 Credits. 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 Credits currency and exchange your Ethereum / Bitcoin / Tether with the Credits
- Store your Credits 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.
Get $10 Bonus when you sign up for Coinbase!
- 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 Credits, 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 Credits:
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 CS/BTC or CS/ETH or CS/USDT trading pair and then place the order to buy those pairing cryptocurrencies.
Most likely you’ll find this pair available to you CS/USDT – so you need to convert your BTC or ETH to USDT first in order to buy Credits (CS)
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 Credits (CS) 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.
- 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 Credits (CS) 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 Credits. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.
Can I Buy Credits (CS) 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 Credits (CS) with Skrill?
You can’t buy CS directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to Credits. You can buy BTC/ETH with skrill by using these exchanges::
Can I Buy Credits (CS) with Bitcoin?
Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair CS/BTC and begin the transactions.
Can I Buy Credits (CS) with Ethereum?
Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support CS/ETH trading pair.
What Is the Best Payment Method to Buy Credits (CS)?
The cheapest way is to use bank account to buy Bitcoin or Ethereum or Tether first or to buy the Credits right away. The fastest way is to use a credit card but you will then be charged higher fees.
How to Protect Credits (CS)?
Once you have purchased the Credits, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:
How to Sell Credits (CS)?
Find a crypto exchange which allow pairing CS 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 Credits (CS) 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 Credits is to buy it from a reliable exchange.
Accessing DeFi products has never been easier, thanks to Credits and its technologies. Users are free to do a lot of things in this platform, such as buying, storing, selling, receiving, and trading cryptocurrencies. Users are also given tons of options when it comes to buying the crypto, including bank transfer or credit card. Those who want to enjoy easy access to DeFi should join this platform, but they need to buy Credits (CS).