When a crypto token like Moonshot Crypto makes its way to the market, it can be difficult for newbies to know where to buy it. This is especially true for the cryptocurrencies that do not have a clear price floor.
Fortunately, there are several ways to purchase Moonshot crypto using fiat currency. Here are a few of them:
Binance is a popular crypto exchange that offers an extensive selection of cryptocurrencies. It also has a large number of features that make it a convenient and reliable way to buy, sell, and trade cryptocurrencies.
Its pricing structure is enticing, with spot trading fees starting at 0.1%. Its VIP level system reduces rates as your 30-day trading volume increases.
In addition, the company has a staking service that allows users to earn returns on proof-of-stake and decentralized finance (DeFi) coins without needing to understand the technical aspects of mining. The staking service is available in flexible and locked options, with the former paying variable interest and the latter offering higher interest on fixed-term deposits.
Binance Coin is the exchange’s native token, launched during an initial coin offering (ICO) in July 2017. It can be bought or sold on the exchange or a handful of other exchanges. It can also be used to pay trading fees and participate in a lottery that benefits charity.
LocalBitcoins is a decentralized exchange where investors can buy moonshot crypto in their native currency. It is free to sign up and use, but traders are charged a fee when selling and transferring Bitcoin to other users.
There is an escrow service available to buyers and sellers, so cash is released only after confirmation of trade. In addition, LocalBitcoins has a few security features to help prevent hacking. These include two-factor authentication, login guard, and a login history report.
In the past, LocalBitcoins was a popular alternative to centralized exchanges for buying and selling anonymously. However, in April 2018, it started requiring all users to verify their identity.
Verification is easy and can be done by uploading a valid government-issued ID such as a passport or driving license. It can take a few days to complete, but it is well worth the effort.
CryptoExchanges are online platforms where you can buy, sell and trade cryptocurrencies with fiat money or altcoins. They are an important part of the crypto ecosystem and are necessary for traders to trade digital assets on a large scale.
Centralized cryptocurrency exchanges (CEXs) are similar to stock brokerage firms and offer a simple interface and smooth processing. CEXs record each transaction and verify each user’s identity, as a security precaution against hacking and fraud.
There are many crypto exchanges out there, and it’s up to you to decide which one is right for your needs and budget. Before you sign up for an account, check out their fees, security, and customer support.
If you’re looking to buy Moonshot crypto, you can use Coinbase or other major crypto exchanges to purchase your coins. Once you have your Moonshot tokens, you can use them to buy any other crypto that is supported by the exchange.
Using a hardware wallet is one of the most secure ways to store your crypto. It’s a common preference for security-minded crypto users.
It can be difficult to keep your private keys safe from hackers and scammers, so a hardware wallet is an important tool for any trader. It also has other benefits like the ability to manage your crypto offline – for example, when buying and selling on exchanges.
Another advantage is that many wallets come with a recovery seed – a set of 12 to 24 words that you can use to restore all your private keys in the event of theft or loss of the device. Trezor, for example, offers what it calls Shamir Backup recovery which lets you generate and distribute 16 recovery shares – these can be stored in different places so that you can recover your crypto even if you lose the device itself or some of your recovery seeds.