How to Buy Aragon - Where to Purchase ANT?
Built on the Ethereum network, Aragon is a decentralised platform that provides a modular way to develop and manage crypto protocols, decentralised apps (dApps), and decentralised autonomous organisations (DAO). The project is spearheaded by Luis Cuende.
The native token is denoted by the initials ANT and at the time of writing, the token was trading at $4.53 with a market capitalisation of close to $180 million.
This comprehensive guide outlines how to buy and trade ANT tokens. If you are new to crypto trading, this guide will help you start out your journey as a trader.
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Why Trade rather than Buy Aragon for Cheap and Fast Returns?
You Don’t Need a Wallet:
You trade on the price movement of the coin without having to buy and store it.
You Can Use Standard Payment Methods:
All regulated brokers accept popular methods of payment such as credit / debit card and bank transfers.
Trades Are Fast and Withdrawals Are Easy:
Trades are executed within seconds and withdrawals will reflect instantly in your account.
What is the Easiest and Best Way to Buy? Compare the Top Aragon Brokers
Prior to investing in ANT coins, it is recommended that you first evaluate some of the best broker websites as they deliver the most convenient way to trade Aragon. Using trading services means you can open and close your orders in a matter of minutes. This gives you multiple opportunities to make a profit. Assessing different brokers will enable you to find a service that meets your trading requirements.
5 Things to Consider if you Want to Buy Aragon
Before trading Aragon or any other cryptocurrency, we strongly recommend that you do your research from different perspectives. You must be aware of different factors that can have an effect on your investment. This way you will be able to manage your risk.
1. Carefully choose your preferred secure payment method
Although there are a number of payment modes supported, their availability depends on the broker service you choose and your country of residence. The crucial factors that you need to consider when choosing a payment method are transaction speed, convenience, security and reliability.
2. Will you need to set up your own wallet?
If your investment strategy is long-term, you will need to hold your ANT coins for a period that could last from a few weeks to a few years. That's when we highly recommend you get a crypto wallet so you can securely store your Aragon coins. While the wallets that are included in your chosen crypto service are adequate, they remain vulnerable to cyberattacks. You may also need to pay a storage fee which will reduce your profit margin. If you don't want to deal with the hassle of setting up and managing a wallet, trade Aragon instead of buying it.
3. Comparing costs
Another crucial aspect of investment is comparing the transaction expenses of different crypto platforms. Since these costs can have a negative effect on your profits, we recommend that you evaluate the transaction costs of all the shortlisted services. These costs may include network fee, transaction expense or commission, deposit fee, withdrawal fee and storage fee. Another way to reduce transaction costs is to use digital currencies instead of fiat money.
4. Safety and security
Prior to investing in any cryptocurrency, including Aragon, it is critical to ensure that the project takes security seriously. When it comes to the Aragon project, it has been built on the Ethereum blockchain which delivers a high level of security. Apart from that, the tokens are secured by encrypted public and private keys which means that if any hacker intercepts and gets access to those keys, they won't be able to decipher them. Some platforms may provide additional security through 2FA. Most brokers use advanced MT4 and MT5 platforms that are highly secure.
Moreover, the Aragon network features many other security initiatives including P2P networking and decentralisation. It means that no central authority or a single individual has undue control over the governance of the project and its native token.
5. Can you understand and navigate the platform?
If you want to maximise your profitability, we recommend that you choose a platform that makes it easier for you to navigate and use different features. When you first sign up on a crypto exchange or a broker website, make sure that you familiarise yourself with all the features offered by the service, especially those related to crypto trading. This will allow you to be spontaneous and make quick decisions which are extremely crucial in crypto trading.
Ultimate Beginner’s Guide to Trading Aragon
What is an Aragon Broker?
Broker or trading websites are those that enable users to speculate on the price of Aragon and other cryptocurrencies. As crypto trading becomes more and more popular around the world, broker services are now used in almost every country to buy and trade ANT coins.
Since Aragon is relatively a new cryptocurrency in the blockchain space, currently only a handful of broker services offer it. This means that there are many crypto platforms where you won't be able to buy or trade Aragon. This is why it is essential to find out if your chosen platform has listed Aragon or not.
What is an Aragon CFD?
CFD is an abbreviation for Contract for Difference. It is a financial instrument that allows traders to speculate on the price of Aragon and other cryptocurrencies without actually buying the coins. With the help of Aragon CFDs, you can execute your trade orders quickly to realise profits.
One of the most crucial benefits of trading Aragon through CFDs is that you can make money whether the price is witnessing a bullish or bearish trend. When you buy ANT tokens, you have no other choice but to wait for the price to go up so you can sell and pocket the difference. With trading through CFDs, you can speculate both ways which allow you to earn a profit regardless of where the market is headed.
What is the Benefit of Aragon Regulation?
As cryptocurrency trading is witnessing increasing popularity all over the world, governments and regulatory bodies are coming up with laws and regulations which can help brokers and exchanges keep their users safe from fraudulent and illicit activities. Although these regulations mean you have to go through a few more steps to start your trading journey, they also keep your personal information and digital funds safe and secure.
What is the Best Payment Method for Buying Aragon?
You have to keep in mind that there is no single best payment method for buying or trading ANT coins. It depends on your trading strategy. While there are many payment methods, their availability is dependent on the country you live in and your selected broker or exchange. We suggest that you evaluate a number of payment methods so you are in a better position to identify the one that aligns with your trading objectives.
Buying Aragon with PayPalThere is no doubt that PayPal is one of the leading payment modes when it comes to online retail shopping. Depending on your country of residence along with your chosen crypto platform, you might have the option to trade Aragon using PayPal. However, don't forget that buying ANT with PayPal is an expensive option as compared to other payment modes. It's only suitable if you are looking to buy ANT coins in bulk.
Moreover, there are many countries where PayPal isn't currently available and many crypto platforms also don't support it as well. While PayPal is now actively taking steps to add support for buying and trading multiple cryptocurrencies, it will take time for the payment mode to become as popular as wire transfer or credit card.
Buying Aragon with CashAnother option that traders have is to buy Aragon using cash. This method doesn't incur any transaction costs and can be truly anonymous. Despite its advantages, buying ANT tokens with cash isn't only quite difficult but risky as well. You will need to find a seller who owns ANT coins and is willing to sell to you at your required price. That's why it is recommended that you look at other payment modes.
Buying Aragon with Bank TransferIf your trading strategy requires you to keep the transaction costs as low as possible, then bank transfer is the right alternative for you. You can also use wire transfer to send and receive your digital currencies to and from multiple crypto services. The only downside of trading through bank transfer is the transaction speed as it can take days for your money to show up in your account.
Buying Aragon with Credit Cards or Debit CardsIf transaction cost isn't one of your primary concerns and you want your trades to be executed right away, the best payment option for you is to pay through a credit or debit card. It will be costlier as compared to other payment modes but your transactions will be processed immediately.
The Verification Process for Trading Aragon
The first step to begin your trading journey involves signing up on a crypto platform. That's where you will be asked to go through an identity verification process. While this adds a few more steps to the registration process, crypto platforms do this to ensure compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. You can use different types of government-issued documents to verify your identity including your driver's license. Complying with this step will ensure that your personal information and funds remain secure.
Aragon: Long vs Short Term Investment
Short-term strategy or trading is all about making the most of the price volatility of ANT tokens. When you are trading, you open and close orders in a matter of minutes. This way you don't only have the opportunity to make money quickly but you also have multiple windows to do so. That being said, trading can be risky as compared to other investment strategies. The major benefit here is that you don't need to buy actual ANT tokens which means you don't have to deal with setting up and managing a wallet. You can simply speculate on the price of Aragon using CFDs.
In contrast, a long-term strategy or investment requires you to buy actual ANT tokens and hold them for a period of at least a few weeks to even a few years. When you have bought Aragon tokens, you wait for the time until the price is high enough to reap substantial profits. This type of investment strategy requires you to be knowledgeable about the cryptocurrency project you are investing in along with the financial market dynamics. The key advantage of a long-term strategy is that you own the tokens and you have the option to store, sell, and spend them any time you want.
Why Buy Aragon rather than Trade?
Traders who are just starting out their crypto trading journey often become confused between buying ANT tokens and trading them. The main question in their mind is which one is more profitable? The answer is that both strategies can be financially rewarding if you execute them properly while minimising your risk. However, buying ANT tokens has a few advantages that trading doesn't offer.
The biggest benefit of buying Aragon tokens is that you get hold of the public and private keys associated with the coin wallet. It means that you can store and sell them in any way you want. This strategy is usually used by long-term investors who hold their ANT tokens for a long time so they can earn substantial profits.
When you buy the ANT coins outright, you become impervious to the price volatility. On the other hand, if you are trading, quick price surges and dips can wipe out your capital in a matter of a few moments. That's why you often have no choice but to close your trade to limit your losses. But when you own the tokens, you can simply wait until the price bounces back.
With Aragon tokens in your possession, you have complete control over your digital assets. When you have those tokens in your own custody, you can access them whenever you want.
What Fees are involved in Buying Aragon?
When you are looking to buy Aragon tokens, you will have to pay many expenses. You need to take these expenses into account so you can calculate your real profit. Some of the major costs include network fee, transaction charges, deposit fee and withdrawal fee. If you are using the wallet that is built into your cryptocurrency platform, you will also have to pay a storage fee. You can set up your own wallet for storing ANT tokens.
Transaction Fees: As every transaction you execute requires the blockchain or network to validate it, resources are required by the project to do so. There are individuals who buy and stake their ANT tokens so users can validate their transactions. For their investment, these contributors are rewarded by the network as it charges a small fee which is often anywhere between 0.1% and 0.3% of your total order amount. This transaction expense also varies from one service to another. This is why it is essential that you evaluate a number of platforms before investing in Aragon.
Deposit Fees: Although most of the crypto services don't charge any deposit fee anymore, there are still a few services that do. When you are evaluating different crypto brokers and exchanges, make sure you choose the one that doesn't deduct any deposit fee or charges minimum fees.
Withdrawal Fees: Similar to deposit fees, most of the crypto services won't charge any withdrawal fee but there are a few that might. Once again, at the time of evaluation of different crypto services, look for the one that suits your budget.
Safely Storing Your Aragon
When you are looking to invest in Aragon for the long term, we recommend that you set up your own crypto wallet. Keep in mind that these wallets come in different forms and you can choose the one that aligns with your trading needs.
Web Wallet: The wallet that is often built into your crypto website account is called a web wallet. These wallets ensure quick and easy accessibility to your ANT tokens but they aren't as secure as some other types of wallets. They can become a target of cyberattacks.
Mobile Wallet: If you are looking to trade from anywhere you want, you need a mobile wallet to store your ANT tokens. These types of wallets are specially made for smartphones and make it easier for you to trade on the go. If you are looking for a reliable mobile wallet, Aragon Wallet by Lumi offers the right blend of features and security.
Desktop Wallet: These wallets are like computer programs that you can install and use like apps. While the accessibility isn't as great as web and mobile wallets, desktop wallets offer enhanced security through features like passphrase and two-factor authentication. You can use Atomic Wallet to store your coins as it is one of the leading desktop wallets.
Hardware Wallet: If you are planning to hold your ANT coins for more than a month, it is recommended that you use a hardware wallet that offers the highest level of security. These types of wallets don't have any network connectivity to ensure they don't become a target of cyberattacks. You basically store the public and private keys of your tokens on a physical device. You can use Trezor and Ledger Nano S for storing ANT coins.
Wallet Combinations: Another way to store Aragon coins is to use a combination of different types of wallets. This will allow you to get the best of both worlds as you can have the security of hardware wallets for your long-term trades while enjoying the accessibility of web or mobile wallets for short-term trading.
What Other Coins Can I Trade or Use to Buy Aragon?
If you don't want to use fiat money to buy or trade Aragon, you have the option to use cryptocurrencies. Some of the major digital currencies you can use include ETH, BTC and XRP. When you use a cryptocurrency to buy ANT coins, you also don't have to pay the exchange fee which can reduce your profits.
What’s the Smallest and Largest Amount of Aragon I Can Buy?
As the price can become a key factor in determining how much you can invest, many traders want to find out whether they can buy a fraction of a coin. However, it is not going to be an issue with Aragon anytime soon as there are already more than 39 million coins in circulation with no cap on maximum supply. However, some platforms may impose a minimum and maximum limit for investment.
Can I Buy Aragon Anonymously with no ID? Is it Safe and Legal to Buy Aragon?
While we strongly recommend that you use a regulated broker or exchange to buy Aragon tokens, if you are still interested in trading anonymously, you must evaluate and assess the selected broker thoroughly to ensure they are a legitimate business. When your transactions are processed anonymously, there is no way to trace them and if you lose your funds, you cannot get them back.
Will Buying Aragon Make Me Money?
The answer isn't that straightforward as it totally depends on your trading strategy and multiple other factors. Some of the key recommendations that we can give include the following:
- Always limit your risk by investing in different coins instead of buying one token
- Only invest what you can afford to lose
- Make yourself familiar with the crypto service you are using
- Read opinions and analyses of market leaders
- If you are serious about trading, learn about technical analysis, charts and graphs.
If you wish to learn more about the price history of ANT, please visit our Aragon Price Page.
How to Spend your Aragon
It needs to be kept in mind that Aragon exists to provide a modular way to develop and manage crypto protocols, decentralised apps (dApps), and decentralised autonomous organisations (DAO). That's why it's not going to be a replacement currency. One option you have is to trade your ANT tokens for BTC or another mainstream altcoin and then buy whatever you want.
How to Sell your Aragon
If you hold Aragon tokens, then you will need to transfer them to an exchange and sell them on the platform. The best approach to sell your Aragon coins is through a broker platform. All you have to do is close your order to sell your ANT tokens. If you have CFDs of Aragon, then selling is even quicker and easier.
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Frequently Asked Questions
Aragon project was established by Luis Cuende who was featured in the technology section of “Forbes 30 Under 30”.
Aragon is a blockchain project with real applications. It exists to provide a modular way to develop and manage crypto protocols, decentralised apps (dApps), and decentralised autonomous organisations (DAO).
Unfortunately, you cannot. You can only buy Aragon or trade its tokens through a crypto platform.
Aragon is governed and managed by the stakers who stake their Aragon tokens.
This depends on the country you live in. Before you invest in any digital currency including Aragon, we recommend that you make yourself familiar with your country’s laws.
Just like many other digital currencies, Aragon is also impacted by market factors, for instance quickly changing supply and demand.
The main objective of the Aragon network is to provide modularity for multiple decentralised applications. That’s why it’s not going to become a major payment network.
You will need to check out your country’s laws to see if profits earned through crypto trading are classified as capital gains.