In this guide you’ll get information about where to buy Scallop, if you are planning to buy SCLP token – You’re in the right place!
Scallop is designed as a platform that functions as a banking (as a service) to help both businesses and individuals to manage their fiat and also cryptocurrencies. It’s based on the condition that only 5 million of people use DeFi service, while only 200 million of them are exposed to crypto market. It’s clear that mass adoption for DeFi and cryptocurrencies are still far from ideal despite their perks over the traditional and regular fiat services.
Scallop wants to change it by providing a platform that is packed with helpful DeFi and crypto products in order to make adoption go faster and more seamless. This platform is able to remove all the boundaries between the decentralized finance and traditional economy, thanks to their various banking products and services. With it, users are able to enjoy easy-to-access cryptocurrency, just as easy as the regular one. The native token can be used to enjoy fee discounts, deposit bonuses, and also make in-store purchase.
- Official website: https://www.scallopx.com/
- Twitter: https://twitter.com/ScallopDefiBank
- Telegram: https://t.me/Scallop_Announcements
- Whitepaper: https://scallop-docs.s3.eu-west-1.amazonaws.com/Scallop_Litepaper.pdf
Table of Contents
Scallop (SCLP) Features
- Scallop Pay. Users can access Scallop app to pay for items and goods with crypto money
- Scallop Payments. It’s a form of crypto and also fiat payments with support for major cryptocurrencies and fiat money
- Scallop Earn. Users can use either fiat or crypto to get yield by using DeFi protocols, such as Aave and Compound.
- Scallop Cards. It’s the physical and virtual (debit) cards that are linked to the crypto or fiat accounts
- Scallop Chain. The (native) blockchain that is used to accommodate products, including SCLP token
- Scallop Exchange. It supports and allows crypto to fiat, or fiat to crypto, conversions, including integration with Uniswap.
- Scallop NFT. This is the NFT marketplace that is built within the platform, so users can buy NFTs with their fiat money
- Scallop Hardware Wallet. This is a safe and trusted wallet that can be used by users for their transactions
- Scallop Banking Accounts. It is able to support IBAN and GBP accounts, complete with account numbers, sort codes, and even integrated (DeFi) services and features.
Where to Buy, Sell and Trade Scallop aka SCLP
You can basically use debit card, credit card, or even PayPal to buy the Scallop (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the Scallop 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 Scallop. 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 Scallop currency and exchange your Ethereum / Bitcoin / Tether with the Scallop
- Store your Scallop to a secured wallet
That’s the first step in buying Scallop, once you get your Bitcoin or Ethereum or Tether, 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 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 Scallop:
Gate.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+
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 the crypto exchange above, Go back to COINBASE and send your Bitcoin/Ethereum/Tether to your new exchange. Find the SCLP/BTC or SCLP/ETH or SCLP/USDT trading pair and then place the order to buy those pairing cryptocurrencies.
Most likely you’ll find this pair available to you SCLP/USDT – so you need to convert your BTC or ETH to USDT first in order to buy Scallop (SCLP)
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 Scallop (SCLP) 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 Scallop (SCLP) 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 Scallop. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.
Can I Buy Scallop (SCLP) 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 Scallop (SCLP) with Skrill?
You can’t buy SCLP directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to Scallop. You can buy BTC/ETH with skrill by using these exchanges::
- LocalBitcoins
- Paxful
- Virwox
- SpectroCoin
- Lykke
- Exmo
- Coingate
Can I Buy Scallop (SCLP) with Bitcoin?
Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair SCLP/BTC and begin the transactions.
Can I Buy Scallop (SCLP) with Ethereum?
Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support SCLP/ETH trading pair.
What Is the Best Payment Method to Buy Scallop (SCLP)?
The cheapest way is to use bank account to buy Bitcoin or Ethereum or Tether first or to buy the Scallop right away. The fastest way is to use a credit card but you will then be charged higher fees.
How to Protect Scallop (SCLP)?
Once you have purchased the Scallop, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:
How to Sell Scallop (SCLP)?
Find a crypto exchange which allow pairing SCLP 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 Scallop (SCLP) 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 Scallop is to buy it from a reliable exchange.
Conclusion
Scallop offers a platform with easy to use and simple application. Users simply access the platform to manage their crypto and traditional accounts, just from one place. It’s possible to integrate both crypto and fiat money together, and users are able to combine the available services quite easily with its application. Anyone interested in accessing those services and enjoying the benefits must buy Scallop (SCLP) to gain access to the platform.
