Buy ARK Cryptocurrency meaning by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about What Is ARK Cryptocurrency.
What Is ARK Cryptocurrency?
ARK is an ambitious crypto project aiming to become an all-in-one blockchain solution for all crypto needs (e.g. cryptocurrency, smart contracts, dApps, side-chains, push-button deployable blockchains, etc.). Its goal is to create a user-friendly platform for mass consumer adoption via an ecosystem of interlinked Ark forks and smartbridged blockchains.
What makes Ark really stand out is the option for “Push button deployable blockchains”. This means that people will be able to create their own ICOs using Ark and all of them will be automatically Smartbridge-enabled and interconnected.
Ark is based on a decentralized delegated proof of stake (DPOS) consensus method. Just like Lisk, it started as a fork of Crypti (in fact, most of the ARK team have worked on Lisk too).
How to buy Ark Crypto Currency?
To date, it is not easy to purchase Ark directly using US dollars. There are several exchanges that offer buying ARK with fiat currency and these are:
– – Upbit – a Korean exchange that accepts only locals as clients and allows them to buy Ark with KRW.
– – Cryptomate – a UK exchange that offers ARK/GBP pair for trade. It accepts only UK bank transfers as payment method and allegedly charges high trading fees of approximately 7-8%.
– – LiteBit – a Dutch exchange that offers ARK/EUR pair for trade. It only accepts Euro via bank transfers, GiroPay, Sofort, and iDeal.
That is why would advise those seeking to buy Ark to exchange their fiat for some Bitcoin or Ethereum first. There are a number of platforms that offer that service, yet we recommend Coinbase – a reliable exchange that deals in US dollars and supports convenient payment methods such as credit/debit cards, bank transfers (SPA included), and more.
Here are the exact steps you need to follow to get some ARK:
1. Sign up with Coinbase.
Registration takes a just couple of minutes. Before you deposit, you need to verify your identity, which is a standard procedure – all exchanges that deal with fiat require verification.
2. Buy Bitcoin or Ether with credit/debit card or bank wire.
Considering the ease of use of Coinbase’s platform, this step is not difficult either. Besides, there are no hidden fees.
3. Open an account with an exchange that supports Ark.
It seems that the most popular ones are Binance and Bittrex, but you can choose any from the list below.
4. Transfer your Bitcoin or Ether from Coinbase to that exchange.
5. Exchange your Bitcoin or Ether for Ark.
Once you get your Ark coins, you’d better store them in your own (offline) e-wallet. Go to the Ark official site in the Wallets section and select the wallet suitable for you (desktop, web lite, or paper). Hardware wallet like Ledger Nano S that meets the top security standards is also an option.
Generally, trading in cryptocurrencies is also available with forex brokers like eToro. It is probably the best option for those of you who want to avoid all the wallet & private keys hassle. Another important advantage of trading in Bitcoin and other altcoins with forex brokers is that many of them are regulated, while most exchanges are not. Unfortunately, there aren’t any brokerages that support Ark yet.
How to Buy ARK Cryptocurrency Conclusion
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