How to Buy Sperax (SPA) in 2022: A Simple Guide

Sperax (SPA)In this guide you’ll get information about where to buy Sperax, if you are planning to buy SPA token – You’re in the right place!

Sperax is a decentralized platform that connects users with modern money, especially when it comes to investment and money saving. It isn’t only about improving financial services, but also giving options in convenient money-saving operation. The idea is to incorporate modern and advanced blockchain technology to gain financial benefits in all economical aspects.

Sperax is created as an open-source protocol, having Sperax token as the core. It has constructed a complete suite of sophisticated DeFi apps, automatic yield stablecoin, and also $USDs. One of the biggest and most common issues in crypto world is the price volatility. Stablecoin is the solution to the issue. Sperax’s main focus is about stablecoin although there are also other services being offered by the platform.

The platform has dual-token mechanism. With SPA, users can both vote on (Sperax) governance proposals and pay the transaction fees. The second one is the USDs or Sperax USD that functions as this algorithmic and cryptocurrency-collateralized stablecoin, which can also be used for investment.

Sperax (SPA) Features

  • Convenient management. Thanks to Sperax Play, users are able to manage everything conveniently from their fingertip, gaining access to derivatives products, synthetic assets, and also USDs stablecoin. The latter one is an auto yield bearing type for investment.
  • Functional bridge. It functions as blockchain bridge for novice and experienced crypto users.
  • Sperax Play. This is the mobile app that will host DeFi products as well as NFT marketplace to the global base. Not only it has its own function (which improves efficiency and usage), but it will continuously growing, developing, and expanding to more services and benefits.
  • USDs. It is set as the first ever auto yield stablecoin that isn’t only designed with high scalability for better mass adoption, but it can also pay (sustainable) interest regardless bull or bear markets. It is operated on chain fully, including DAO governance for auditability and transparency.
  • BDLS. It is a type of PoS (with Byzantine tolerant fault) consensus on public blockchain that focuses on security and high performance. When compared to other protocols, this one is simpler and it requires less steps. In terms of security, the security system is solid, able to prevent unreliable broadcast channels or DoS attacks.

Where to Buy, Sell and Trade Sperax aka SPA

You can basically use debit card, credit card, or even PayPal to buy the Sperax (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the Sperax 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 Sperax. 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:

  1. You go to the online exchange and buy the Ethereum (ETH), Bitcoin (BTC), or Tether (USDT)
  2. Find a crypto exchange that supports Sperax currency and exchange your Ethereum / Bitcoin / Tether with the Sperax
  3. Store your Sperax 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.

Get $10 Bonus when you sign up for Coinbase!

coinbaseClick here to register (opens in new tab)

  • 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 Sperax, 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 Sperax:

GATE.io
gate.ioGate.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+

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 SPA/BTC or SPA/ETH or SPA/USDT trading pair and then place the order to buy those pairing cryptocurrencies.

Most likely you’ll find this pair available to you SPA/USDTso you need to convert your BTC or ETH to USDT first in order to buy Sperax (SPA)

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 Sperax (SPA) We recommend you to use hardware wallet which support many cryptocurrencies – Choose between these two: Ledger or Trezor

ledger nano x

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

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 Sperax (SPA) 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 Sperax. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.

Can I Buy Sperax (SPA) 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 Sperax (SPA) with Skrill?

You can’t buy SPA directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to Sperax. You can buy BTC/ETH with skrill by using these exchanges::

  • LocalBitcoins
  • Paxful
  • Virwox
  • SpectroCoin
  • Lykke
  • Exmo
  • Coingate

Can I Buy Sperax (SPA) with Bitcoin?

Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair SPA/BTC and begin the transactions.

Can I Buy Sperax (SPA) with Ethereum?

Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support SPA/ETH trading pair.

What Is the Best Payment Method to Buy Sperax (SPA)?

The cheapest way is to use bank account to buy Bitcoin or Ethereum or Tether first or to buy the Sperax right away. The fastest way is to use a credit card but you will then be charged higher fees.

How to Protect Sperax (SPA)?

Once you have purchased the Sperax, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:

Ledger Wallet

Trezor Wallet

 

 

 

 

 

 

How to Sell Sperax (SPA)?

Find a crypto exchange which allow pairing SPA 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 Sperax (SPA) 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 Sperax is to buy it from a reliable exchange.

Conclusion

With Sperax, the capital efficiency of a stablecoin can be unleashed, because the USDs delivers a dynamic and positive balance between algorithmic stability and collateralization. The team believes that Sperax has played a significant role in stablecoin growth and ecosystem. The platform would be ideal for those who can see the potential, but they must buy Sperax (SPA) first.

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