In this guide you’ll get information about where to buy Spherium, if you are planning to buy SPHRI token – You’re in the right place!
In today’s world, many DeFi apps but hardly any that encompasses all of the DeFi features. Most of the apps only have two or three features as their focus. Spherium aims to break the stigma and have all of the DeFi aspects in the platform.
Spherium utilizes all aspects of DeFi to create a platform that users and enterprises can benefit from. Users who buy Spherium (SPHRI) tokens can enjoy cross-chain interoperability. Spherium has protocols that can help users better at asset management. Users can add multiple wallets through the HyperBridge protocol and swap their assets with the HyperSwap. They also can add their custom pairings in the AMM. Developers also can act in the ecosystem by using the HyperLaunch protocol to launch their apps.
- Official Site: https://spherium.finance/
- Twitter: https://twitter.com/spheriumfinance
- Reddit: https://reddit.com/r/Spherium-Finance/posts
- Telegram: https://t.me/spheriumcommunity
- White Paper: https://spherium.finance/static/media/Spherium-Finance-Whitepaper-en.62329a72.pdf
Table of Contents
Spherium (SPHRI) Features
- HyperBridge: Spherium supports cross-chain and multi-chain interoperability. Therefore they have HyperBridge protocol. It’s an Omni-directional bridge to connect the apps with other EVM compatible chains such as Binance and Polygon. HyperBridge is Spherium’s main key to cross-chain operability. It helps users when they want to transfer a token from one chain to another. It also supports multiple wallets integrations for easier management. The HyperBridge protocol method on bridging is by locking the token and minting the same token at another chain.
- HyperLaunch: Spherium welcomes all developers to be part of the ecosystem. The HyperLaunch protocol will help them in building and marketing the app. As an incubation program for the HyperSwap protocol, HyperLaunch also provides the teams of developers with tools to encourage them on building the most innovative apps, especially in the DeFi and Metaverse field.
- HyperSwap: The platform’s protocol for a mobile AMM is the HyperSwap. A decentralized protocol that will create different liquidity for different providers. The difference with other Automatic Market Maker that already exists is HyperSwap uses liquidity providers instead of arbitrators. This will reduce the slippage and users can earn profits. They also can add their preferred pairings on top of the existing ones on the liquidity pool.
Where to Buy, Sell and Trade Spherium aka SPHRI
You can basically use debit card, credit card, or even PayPal to buy the Spherium (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the Spherium 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 Spherium. 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 Spherium currency and exchange your Ethereum / Bitcoin / Tether with the Spherium
- Store your Spherium 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.
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- 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 Spherium, 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 Spherium:
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+
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 SPHRI/BTC or SPHRI/ETH or SPHRI/USDT trading pair and then place the order to buy those pairing cryptocurrencies.
Most likely you’ll find this pair available to you SPHRI/USDT – so you need to convert your BTC or ETH to USDT first in order to buy Spherium (SPHRI)
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 Spherium (SPHRI) 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 Spherium (SPHRI) 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 Spherium. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.
Can I Buy Spherium (SPHRI) 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 Spherium (SPHRI) with Skrill?
You can’t buy SPHRI directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to Spherium. You can buy BTC/ETH with skrill by using these exchanges::
- LocalBitcoins
- Paxful
- Virwox
- SpectroCoin
- Lykke
- Exmo
- Coingate
Can I Buy Spherium (SPHRI) with Bitcoin?
Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair SPHRI/BTC and begin the transactions.
Can I Buy Spherium (SPHRI) with Ethereum?
Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support SPHRI/ETH trading pair.
What Is the Best Payment Method to Buy Spherium (SPHRI)?
The cheapest way is to use bank account to buy Bitcoin or Ethereum or Tether first or to buy the Spherium right away. The fastest way is to use a credit card but you will then be charged higher fees.
How to Protect Spherium (SPHRI)?
Once you have purchased the Spherium, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:
How to Sell Spherium (SPHRI)?
Find a crypto exchange which allow pairing SPHRI 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 Spherium (SPHRI) 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 Spherium is to buy it from a reliable exchange.
Conclusion
Spherium is trying to answer the need for a platform with comprehensive DeFi utilities. They include all aspects including secure cross-chain transactions. Users who buy Spherium (SPHRI) tokens can manage their assets with ease regardless of their wallets and original blockchain. The protocols in Spherium allow users to manage multiple wallets and tokens. They also can do cross-chain transactions at ease without having to worry about security and speed. Spherium also provides the protocol for developers to build and launch their DeFi-oriented apps.
