In this guide you’ll get information about where to buy Darwinia Network, if you are planning to buy RING token – You’re in the right place!
Darwinia Network is a project run by a blockchain company based in Singapore named Itering. The team of Itering emphasizes greatly on using cross-chain capabilities to develop blockchain infrastructure, particularly in gaming and NFTs. After receiving grants from the WEB3 Foundation and Polkadot, Itering launched Darwinia in 2019. Darwinia has won the Substrate Builders Program and it also has built partnerships with notable innovation companies such as Parity, Maker, and DDEX.
As a Substrate-built blockchain and Polkadot-based network, Darwinia attempts to power up assets transfer including NFTs and decentralized exchanges across different blockchains. In a nutshell, it enables cross-chain token technology. Later, it will become a para-chain of Polkadot but if needed, it can also function in a solo mode.
- Official Site : https://darwinia.network/
- Bitcointalk : https://bitcointalk.org/index.php?topic=5328219.0;imode
- Twitter : https://twitter.com/darwinianetwork
- Reddit : https://www.reddit.com/r/DarwiniaFans/
- Telegram : https://t.me/DarwiniaNetwork
- White Paper : https://darwinia.network/Darwinia_Genepaper_EN.pdf
Table of Contents
Darwinia Network (RING) Features
- RING. It is the major utility token of Darwinia used for supporting activities on the network. For example, it is used as contract executions, storage, gas payment for transaction, and network bandwidth across the system. RING as an inflationary economic model, meaning that new tokens are minted and distributed via a staking method.
- KTON. Technically, it is a derivative of RING tokens. KTON tokens serve as rewards and compensation for liquidity loss whenever RING is being staked. This motivates users to hold and commit to long-term periods of lock. The amount received by KTON is proportional to that of RING including its duration.
- cRING and cKTON. They are the representations of RING and KTON. These two tokens have similar parameters as their counterparts and can also be used in staking in the main network. 100 cRING equals to 1 RING.
- Darwinia ID. In order to mark and identify the same assets across several blockchains, Darwinia uses a single identifier code. This makes tagging and developing a standardized database much easier. For your information, this functionality is not available in most current blockchain system.
Where to Buy, Sell and Trade Darwinia Network aka RING
You can basically use debit card, credit card, or even PayPal to buy the Darwinia Network (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the Darwinia 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 Darwinia 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:
- You go to the online exchange and buy the Ethereum or Bitcoin
- Find a crypto exchange that supports Darwinia Network currency and exchange your Ethereum or Bitcoin with the Darwinia Network
- Store your Darwinia Network to a secured wallet
That’s the first step in buying Darwinia Network, once you get your Bitcoin or Ethereum, you can continue to the next step.
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 Darwinia Network:
Binance is 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. Binance.com is unable to provide services to U.S. citizens or residents.
- 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 & 345+ more
- Trading Pairs: 1189+
Bybit is a leading cryptocurrency exchange offering a secure and efficient trading platform for digital asset enthusiasts. Founded in 2018, it specializes in derivatives trading, including perpetual and futures contracts, with high leverage options. Known for its user-friendly interface, Bybit caters to both novice and professional traders. The platform provides advanced tools, including charting and risk management features, ensuring a seamless trading experience. Bybit also supports spot trading, staking, and passive income opportunities. With 24/7 customer support, robust security measures, and a reputation for reliability, Bybit has become a popular choice for crypto traders seeking innovation and transparency.
- Deposit Methods: Cryptocurrency, Credit/Debit card, Third-party payment services, Peer-to-Peer (P2P) trading
- Fiat Currencies: USD, EUR, GBP, JPY, and 60+ more
- Supported Cryptocurrencies: BTC, ETH, XRP, LTC, DOGE, and 300+ more
- Trading Pairs: 500+
MEXC is a global cryptocurrency exchange platform known for its user-friendly interface, extensive range of listed cryptocurrencies, and innovative features. Established in 2018, MEXC provides trading services such as spot, futures, and margin trading, catering to both beginners and advanced traders. The platform supports a wide variety of altcoins, often listing new and promising projects. MEXC is popular for its high liquidity, competitive trading fees, and robust security measures, including two-factor authentication and fund protection protocols. It also offers staking and earning opportunities through its launchpad and DeFi integration, making it a versatile choice for crypto enthusiasts worldwide.
- Deposit Methods: Bank transfer (ACH), Cryptocurrency, Debit card, Wire transfer
- Fiat Currencies: USD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH, KZT & more
- Supported Cryptocurrencies: BTC, EOS, BCH, ETH, FET, XVG, TRX, NEBL, XRP, NEO & over 2,700 others
- Trading Pairs: Over 3,000
IMPORTANT! Once you are registered to any of the above, find the BTC/RING or ETH/RING 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 Darwinia Network (RING) 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 Darwinia Network (RING) 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 Darwinia Network. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.
Can I Buy Darwinia Network (RING) 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 Darwinia Network (RING) with Skrill?
You can’t buy RING directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to Darwinia Network. You can buy BTC/ETH with skrill by using these exchanges::
- LocalBitcoins
- Paxful
- Virwox
- SpectroCoin
- Lykke
- Exmo
- Coingate
Can I Buy Darwinia Network (RING) with Bitcoin?
Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair BTC/RING and begin the transactions.
Can I Buy Darwinia Network (RING) with Ethereum?
Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support ETH/RING trading pair.
What Is the Best Payment Method to Buy Darwinia Network (RING)?
The cheapest way is to use bank account to buy Bitcoins first or to buy the Darwinia Network right away. The fastest way is to use a credit card but you will then be charged higher fees.
How to Protect Darwinia Network (RING)?
Once you have purchased the Darwinia Network, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:
How to Sell Darwinia Network (RING)?
Find a crypto exchange which allow pairing RING with BTC or ETH – convert it back to Bitcoin or Ethereum, then sell your BTC or ETH for a fiat currency.
Can I Mine Darwinia Network (RING) 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 Darwinia Network is to buy it from a reliable exchange.
Conclusion
It is highly likely that Darwinia Network will open a new chapter in cross-chain transfer of asset, while at the same time, it safeguards the blockchains against isolation. Even though the project is still under development, it certainly has a great potential. Furthermore, being a part of the Polkadot ecosystem, Darwinia could provide functionality enhancement and security guarantees through a wider network. Eventually, it will make the migration and usage of NFT and gaming assets across multiple blockchains convenient and profitable.
