Buy Populous Crypto currency meaning by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about what is Populous Cryptocurrency.
What Is Buy Populous Cryptocurrency?
Populous is a peer-to-peer platform that uses blockchain to provide small and medium-sized enterprises with a more efficient way to participate in invoice financing. On Populous network, buyers and sellers exchange invoices through auctions using smart contracts.
Populous has two tokens, Pokens and PPT tokens. They are both are ERC-20 tokens, with which one purchases invoices on the Populous network. However, Pokens can be directly purchased on Populous with GBP, USD, EUR, and Yen, while PPTs appear tougher to purchase. PPTs (Populous Platform Tokens) were distributed during the Populous ICO.
The Populous project is based in London and founded by Stephen Williams.
How to buy Populous (PPT)
If you are looking for cryptocurrency exchanges where you can directly buy Populous with fiat currencies, you will not find any. You cannot trade PPT against USD or EUR, as is the case with more popular coins, such as Bitcoin or Ethereum. What you can do, however, is buy some of these popular cryptocurrencies first, and then exchange them for Populous. You can follow the steps below:
1. Sign up with Coinbase. It takes only a few minutes to register and verify.
There a few exchanges that offer buying Bitcoin and Ether directly with your credit card, but we recommend Coinbase, as it is a trusted major exchange that is very user-friendly. Besides, it holds a New York bit license and is available in many countries.
2. Buy Bitcoin or Ether with a credit card or bank wire. We suggest that you Purchase some Ethereum, as PPT is an ERC20 token.
3. Open an account in another exchange that supports Populous like Binance, or EtherDelta.
4. Transfer the Ether to the platform of your choice.
5. Exchange it for some PPT.
6. Store it in a secure wallet.
Because PPT is an ERC-20 token, you may use the MyEtherWallet. In addition, you can also store your PPT coins in hardware wallets like Trezor or the Ledger Nano S.
In theory, you can also trade in PPT in the form of CFD with a forex broker. As this does not involve owning a coin, it is a lot easier. You don’t have to deal with numerous accounts, wallets, private keys, etc. Besides, a number of the brokers that offer trading in Bitcoin are duly regulated by the respective governmental authorities, while most exchanges still operate in the grey area. Sadly, there isn’t a forex broker that supports trading in PPT yet.
Here is some additional information to make it easier for you to choose an exchange that supports Populous. Of course, if you want to cash out your PPT coins, you have to undergo the process described above the other way around.
What Is Populous Cryptocurrency Conclusion
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