In this guide you’ll get information about where to buy The Graph, if you are planning to buy GRT – You’re in the right place!
The Graph is an open source platform for blockchain data indexing protocol. It uses decentralized system which means that there is no dominant ruler or controller that will monitor and observe everything. Developers have the freedoms to create, build, and then publish different kinds of APIs. Those would be called subgraphs and they will be responsible for performing queries within GraphQL. It also means that users should be able to look for Ethereum data easily and conveniently in the platform.
This is great, considering that not many blockchain platforms are focusing on indexing matter. This platform was created when Yaniv Tal, The Graph’s CEO and co-founder, had found out the difficulty in Ethereum blockchain applications, making it easier for users to access blockchain data. The problem happened because there hadn’t been any (decentralized) querying and indexing software for the blockchain. Through this platform, users won’t need any server and they can access Web3 anytime.
Table of Contents
The Graph (GRT) Features
- Solid community consisting of important individuals. For instance, Consumers are responsible for paying the Indexers for the search, while Indexers are nodes maintaining the platform’s function in indexing. Curators are responsible for subgraphs identification, while Delegators are stakers delegating the GRT (to indexers).Fishermen are the ones verifying whether network’s response (to queries) is correct or not, while Arbitrators would be the one deciding whether an Indexer is bad (malicious) or not.
- The Graph Council. This would be the protocol’s governing body that monitors how the Foundation allocates (and distributes) the native utility token.
- The Graph Token. It functions as reward as well as medium of exchange. It also functions for staking – which presents another financial opportunity for investors interested in getting profits.
Where to Buy, Sell and Trade The Graph aka GRT
You can basically use debit card, credit card, or even PayPal to buy the The Graph (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the The Graph 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 The Graph. 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 The Graph currency and exchange your Ethereum or Bitcoin with the The Graph
- Store your The Graph to a secured wallet
Step 1: Buy Bitcoin (BTC) or Ethereum (ETH) at Coinbase
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 The Graph, once you get your Bitcoin or Ethereum, 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 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 The Graph:
IMPORTANT! Once you are registered to any of the above, find the BTC/GRT or ETH/GRT 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 The Graph (GRT) 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 The Graph (GRT) 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 The Graph. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.
Can I Buy The Graph (GRT) 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 The Graph (GRT) with Skrill?
You can’t buy GRT directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to The Graph. You can buy BTC/ETH with skrill by using these exchanges::
Can I Buy The Graph (GRT) with Bitcoin?
Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair BTC/GRT and begin the transactions.
Can I Buy The Graph (GRT) with Ethereum?
Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support ETH/GRT trading pair.
What Is the Best Payment Method to Buy The Graph (GRT)?
The cheapest way is to use bank account to buy Bitcoins first or to buy the The Graph right away. The fastest way is to use a credit card but you will then be charged higher fees.
How to Protect The Graph (GRT)?
Once you have purchased the The Graph, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:
How to Sell The Graph (GRT)?
Find a crypto exchange which allow pairing GRT with BTC or ETH – convert it back to Bitcoin or Ethereum, then sell your BTC or ETH for a fiat currency.
Can I Mine The Graph (GRT) 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 The Graph is to buy it from a reliable exchange.
Users who want to get access to trusted blockchain indexing data should join this platform. Not only it offers solid service, but you can also enjoy various features provided by it. Blockchain index data is only one perk available – you can also enjoy promising profits as well as stable operation. One way to join the platform is through token purchase. This is one of the many reasons why you should know where and how to buy The Graph or GRT.