In this guide you’ll get information about where to buy Effect Network, if you are planning to buy EFX token – You’re in the right place!
There is much new awareness of deep technology such as blockchain and AI. However, most projects are limiting the AI to a small scope instead of expanding the capability to something more.
Effect Network aims to disrupt the current status quo and bring more people to explore the AI features for more than deep tech learning. Users who buy Effect Network (EFX) tokens have multiple methods to earn more tokens. They can be part of WorkForce and do micro-tasks in the network to earn EFX tokens. The network aims to build the Effect.AI Smart Market, a decentralized smart market where algorithms can exchange services. The network also has a reputation score to ensure that all active workers in the network are active and accountable.
Table of Contents
Effect Network (EFX) Features
- Effect Reputation Score: The network employs a reputation score system based on the users’ activity and task results. This is a security measure to prevent users from submitting high quantity task results but low quality. Every time a user finished a task, the network will assess the effort they put in and subsequently score them. The difference in score will affect the fee that the network charges them in the Galaxy pool.
- Effect AI Smart Market: Effect Network builds the Effect.AI Smart Market for the AI algorithms to exchange services. Developers can use the platform to offer and promote their work. They only need to have a smart-contracts-activated application with an open endpoint for users to connect to. Users can choose by staking their EFX tokens in the Galaxy pool or directly transferring the fund when they use the application.
- Work 3.0: Effect Network aims to bring deep learning to connect users. The network is open for all users to use the marketplace to upload and delegate their work. Effect Network aims to bring a network with future-of-work as the base. With Work 3.0, users can have more flexibility in choosing which tasks to do within a specific timeframe. It also gives requesters enough power when delegating a task.
Where to Buy, Sell and Trade Effect Network aka EFX
You can basically use debit card, credit card, or even PayPal to buy the Effect Network (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the Effect Network 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 Effect 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 (ETH), Bitcoin (BTC), or Tether (USDT)
- Find a crypto exchange that supports Effect Network currency and exchange your Ethereum / Bitcoin / Tether with the Effect Network
- Store your Effect Network 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 Effect Network, 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 Effect Network:
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 EFX/BTC or EFX/ETH or EFX/USDT trading pair and then place the order to buy those pairing cryptocurrencies.
Most likely you’ll find this pair available to you EFX/USDT – so you need to convert your BTC or ETH to USDT first in order to buy Effect Network (EFX)
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 Effect Network (EFX) 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 Effect Network (EFX) 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 Effect Network. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.
Can I Buy Effect Network (EFX) 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 Effect Network (EFX) with Skrill?
You can’t buy EFX directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to Effect Network. You can buy BTC/ETH with skrill by using these exchanges::
Can I Buy Effect Network (EFX) with Bitcoin?
Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair EFX/BTC and begin the transactions.
Can I Buy Effect Network (EFX) with Ethereum?
Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support EFX/ETH trading pair.
What Is the Best Payment Method to Buy Effect Network (EFX)?
The cheapest way is to use bank account to buy Bitcoin or Ethereum or Tether first or to buy the Effect Network right away. The fastest way is to use a credit card but you will then be charged higher fees.
How to Protect Effect Network (EFX)?
Once you have purchased the Effect Network, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:
How to Sell Effect Network (EFX)?
Find a crypto exchange which allow pairing EFX 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 Effect Network (EFX) 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 Effect Network is to buy it from a reliable exchange.
Users who buy Effect Network (EFX) tokens have the option to join the Workforce or stake their tokens to earn more. The network is bringing deep tech learning, especially AI, to receive wider recognition and application. The Effect Network introduces Work 3.0 as the method to connect work requesters with the workforce. There are at least 10,000 users are in the Workforce. Token holders also can stake their EFX tokens or participate in the DAO to decide the network’s plans.