Since launching in 2017, Ankr has evolved into a comprehensive blockchain development and infrastructure platform, having cultivated significant partnerships and clients including Microsoft, Tencent, Polygon and Messari along the way.
Ankr facilitates highly efficient cross-chain interaction across multiple blockchains, providing developers with a full suite of tools to create new decentralised applications (dApps) and blockchains.
It is no surprise that ANKR, the network’s native utility token, is a popular option for investors. But how can those interested in investing in Ankr, actually buy ANKR tokens?
Where to buy Ankr (ANKR)
Ankr (ANKR) is widely available for purchase on both centralised exchanges (CEXs) and decentralised exchanges (DEXs).
CEXs and trading platforms can be used to buy, sell or trade ANKR and other cryptocurrencies using fiat currencies such as USD, EUR or AUD.
Tip: Trading platforms usually require users to register and undergo a Know Your Customer (KYC) process before depositing funds.
On the other hand, DEXs operate without a central point of authority, hence the name. These platforms are largely automated, relying on smart contracts to facilitate and regulate ANKR trades. Users can trade directly from their wallets without transferring their holdings onto an exchange, although it is rarely possible to buy ANKR with fiat currencies in the same way since it is on a CEX.
Given Ankr’s built-in compatibility, many DEXs facilitate the purchase of ANKR, especially those compatible with the Ethereum network.
Before purchasing any ANKR, it is important to thoroughly understand and research the different purchase options available to you. Assess the advantages and disadvantages of each option, and determine which best suits your wider investment strategy and investor profile.
Tip: Centralised exchanges usually provide additional services, such as customer support, which DEXs typically do not.
How to buy ANKR
To purchase ANKR tokens, you can follow these steps:
- Sign up to a reputable exchange
Sign up to a reputable exchange by creating a username and inputting your email address and password. For additional security, you should also verify your identity with industry-standard Know Your Customer (KYC) checks.
- Deposit funds
Decide how much of your chosen fiat currency to deposit, and then click “Deposit.”
- Buy ANKR (ANKR)
Navigate to the ANKR page and click “Invest.” By selecting “Trade,” investors will purchase the underlying asset immediately. Alternatively, clicking “Order” will allow you to purchase ANKR at a set price in the future. Decide how much ANKR you want to buy and open the trade.
These steps provide a general overview of the buying process. Always make sure to conduct thorough research and prioritise security when purchasing and storing cryptocurrencies like ANKR.
How to store ANKR securely
ANKR is an ERC-20 token that can be stored in any Ethereum-compatible cryptocurrency wallet.
Software wallets (or “hot wallets”), which can be installed on a computer or smartphone, are popular for holding ANKR and other cryptocurrencies. These wallets provide a good balance of convenience and security, allowing easy access to your tokens while keeping control of your private keys.
Hardware wallets are physical devices that store your ANKR tokens offline, adding an extra layer of security against online threats such as hacking or phishing. For those with more substantial holdings or security concerns, a hardware wallet provides a highly secure place to keep ANKR tokens.
Tip: Most exchanges offer a hot wallet where you can hold purchased crypto securely.
For ANKR specifically, here are three potential options for wallet storage:
- MetaMask: MetaMask is a crypto wallet (browser extension or mobile app) for the Ethereum blockchain that supports ANKR. It stores your private keys and lets you manage tokens, interact with DeFi apps, and connect to Web3 while approving all transactions for security.
- Trust Wallet: Trust Wallet is a widely used mobile wallet that supports Ethereum and all ERC-20 tokens, including ANKR. It has built-in exchanges for users to trade their tokens directly within the wallet.
- Ledger Nano: These small hardware wallets look like USB keys, but can connect through Bluetooth, making assets accessible from your phone or tablet. Each Nano can store up to 100 different cryptoassets, including ANKR.
Regardless of the type of wallet you choose, it is important to maintain good security habits. This includes ensuring your wallet is compatible with ERC-20 tokens before transferring any tokens to it, and keeping your wallet details private.
Final thoughts about buying ANKR
Ankr has emerged as a popular project in the crypto economy by establishing a comprehensive blockchain development platform that supports Web3 scaling, DeFi, staking, and diverse blockchain applications. The platform’s support is evident through its extensive partnerships with major blockchains and protocols, making ANKR tokens appealing to cryptocurrency investors.
Before purchasing ANKR tokens, however, it’s crucial to consider several key factors. Conduct thorough research to understand how ANKR aligns with your investment strategy. In addition, prioritise learning about wallet security and explore the available exchanges to make informed purchasing decisions.
Use the eToro Academy to learn more about investing in cryptocurrencies.
FAQs
- Who created ANKR?
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Ankr was founded in 2017 by Chandler Song and Ryan Fang, who were early participants in the Blockchain at Berkeley program, and Stanley Wu, the third co-founder.
- Can you stake ANKR tokens?
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Yes, ANKR is available for staking via the Ankr Staking platform. Staking to full nodes with ANKR supports Web3 infrastructure and facilitates decentralised applications’ interactions with blockchains.
- What is the Fear and Greed Index?
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The crypto Fear and Greed Index is an indicator that measures the mood of the market, and emotions of the investors influencing it. Investors use the Index to identify market trends, understand how others are trading, and better time their own trading. The Index categorises crypto market sentiment from “extremely fearful” to “extremely greedy,” with a respective valuation between 0–100.
This information is for educational purposes only and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to, buy or sell any financial instruments.
This material has been prepared without regard to any particular investment objectives or financial situation and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Not all of the financial instruments and services referred to are offered by eToro and any references to past performance of a financial instrument, index, or a packaged investment product are not, and should not be taken as, a reliable indicator of future results.
eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this guide. Make sure you understand the risks involved in trading before committing any capital. Never risk more than you are prepared to lose.
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