How to Buy Argaon (ANT) in 3 Simple Steps

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.

This comprehensive guide outlines how to buy Aragon (ANT). If you are new to crypto, this guide will help you start out your journey.

Table of Contents

Where to Buy Aragon?

Knowing where to buy Aragon is the first step towards trading and investing. Aragon is a good project and one of the leading DeFi platforms on the Ethereum blockchain. If you are confident in what the team is building, then you might consider buying the coins and holding them for the long term. The best way to do this would be via cryptocurrency exchanges. This is because crypto exchanges allow you to purchase the real ANT tokens and transact with them. You can store the tokens in your exchange wallet, move them to another private wallet or trade them against other cryptocurrencies.

Another place to buy and trade ANT tokens is on the cryptocurrency brokerage platforms. They are perfect for people who are only interested in profiting from ANT’s short-term price performance. With crypto brokers, you are only speculating on the price performance of the cryptocurrency and not purchasing the actual tokens. They allow you to profit from ANT’s price performance without worrying about where to store the coins.

How to Buy Aragon with a Broker

Crypto brokerage platforms have become popular for allowing users to buy and trade a wide range of cryptocurrencies. Their model of operation differs from exchanges, but they grant users exposure to cryptos. When trading with brokers, you are betting on the performance of the ANT token via financial products such as contract for differences (CFDs) or futures. Hence, you are not buying and storing the actual ANT tokens.

1. Register with the Broker

Purchasing ANT tokens with a broker can only happen if you open an account with one of them. Most brokerage platforms have easy and swift registration processes. With eToro, Pepperstone and a few others, the process lasts a few minutes because they only require a username, password, and email address to register your account. We recommend sticking to the regulated platforms as they offer the desired security measures. We also recommend using strong passwords for your brokerage account. The ideal password should be strong, containing at least -20 characters with a minimum of one capital letter, number, or symbol for security.

2. Verify your Identity (KYC Process)

Verifying your brokerage account is the next thing to do after opening it. Account verification is important because the recommended brokerage platforms are regulated and abide by the set standard KYC (Know Your Customer) and anti-money laundering (AML) processes. Once you complete the KYC and AML verification process, you will have full access to the features on the brokerage platforms, including trading, deposits and withdrawals.

To verify your brokerage account, you will need to submit an official ID like a driving license or a passport, proof of residence, and sometimes proof of earning. The process provides greater security for your funds and personal data. The verification stage takes a few minutes, and your account could be activated within hours.

Implementing AML and KYC verification processes gives a cryptocurrency platform a more professional outlook. It shows they take the security of customer funds and data seriously. We advise using a broker that has AML and KYC measures in place.

3. Deposit Funds with your Preferred Payment Method

With your brokerage account activated, you can fund it using any of the available payment options on the platforms. However, before choosing a payment method, you need to consider the following;

Transaction speed
Transaction fees
Availability of the payment method in your country or on the platform

These factors are important in helping you to decide the best payment option. Bank transfers and PayPal have low fees, but each of them presents challenges to traders. Credit and debit cards are the most popular ones, but the transaction fees for using them are higher. Thus, you have to consider all the options and choose the one that suits you.

4. Open a Position to Long/Short Aragon

With the funds in your crypto brokerage account, you can open long or short positions on ANT. If you believe in the long-term potential of ANT’s price, then you can open a long position on the cryptocurrency. This means you are bullish and believe the price could soar higher in the coming months or years.

However, if you predict that the price could crash in the coming weeks or months, you can open a short position on ANT. It implies that you are bearish about the cryptocurrency, and you don’t see it performing excellently in the short term. If your prediction plays out, you will earn profits. A short position can be opened easily on a brokerage platform with the help of a CFD that also allows you to take advantage of leverage. However, while the potential for profits is enhanced when using leverage, the losses can also be greater.

Understanding the difference between the two can help you use them perfectly to make money trading the ANT tokens. However, you should also consider risk management techniques when trading cryptocurrencies. Setting trading limits like the stop loss and take profit can help you get out of a trade on time, even when you are away.

5. Close your Position

Once you have reached the desired trading goal, you can close your position. You can do so manually or automatically if you have set a trading limit like stop loss and take profit. It is excellent to use trading limits because they allow you to be in control of your traders even when you are not there. We advise learning everything about closing positions to mage risk properly.

How to Buy Aragon with an Exchange

Cryptocurrency exchanges are a different prospect to brokerage platforms. With exchanges, you get to enjoy more liquidity, and they allow you to buy, hold and trade the actual ANT tokens. If you intend to buy and hold the real ANT tokens, then crypto exchanges are the best places to start. However, you need to trade with reputable and reliable cryptocurrency exchanges because they offer security and good customer support. The top exchanges have massive ANT liquidity, excellent customer support, good features and security.

1. Set up an Aragon wallet

ANT is an Ethereum-based token, implying that you need to set up an Ether wallet to get started with the ANT token. Since it is a popular ERC-20 token, several wallets support the ANT token and setting it up will only take a few minutes.

Exchange/Online wallets: Crypto exchange and online wallets are popular because a lot of traders store their funds with them. You can buy and store your ANT tokens on crypto exchanges. However, it is best if you intend to use the coins for daily trading to earn profits. If not, it is best to move the tokens to a cold storage wallet for safety purposes.
Desktop wallets: Desktop wallets are special software programs that enable you to store your ANT tokens and a wide range of other cryptocurrencies. There are numerous ETH-based desktop wallets to choose from.
Cold wallets: Cold storage wallets are the most recommended because they offer high-level security for your ANT tokens. They come as hardware devices mostly shaped as flash drives.

As mentioned earlier, the security of your ANT tokens should always be your primary concern. Hence, why we recommend storing the tokens in a cold storage wallet. It would be best if you considered implementing extra layers of security in your wallet, like the 2FA. Your wallet password needs to be strong, and you have to store the keys in a secure location.

2. Choose and Join an Exchange that Offers Aragon

As one of the leading DeFi tokens, ANT is available on numerous centralised and decentralised exchanges. You can buy the ANT tokens from crypto exchanges such as Binance, Huobi, Uniswap, Kraken, Bittrex and Gate.io. These are some of the exchanges with the highest ANT liquidity, and they are reputable. Analyse and compare the features of the exchanges and go with the one that offers the best features for you.

3. Choose Your Payment Method for Buying Aragon

After settling on a crypto exchange and registering with them, you can choose the payment option you wish to fund the account. There are numerous payment options available on all exchanges, but each method comes with its conditions. Debit and credit cards are very popular and available on almost all crypto exchanges, allowing you to fund your account within minutes. But they have higher transaction fees.

PayPal and Bank Wire have low fees, but bank wire transactions take days for the funds to reflect in your account, while PayPal is not readily available on all crypto exchanges. However, ensure that you choose the payment method you are most comfortable with.

4. Place an Order to Buy ANT

With the deposited funds, you can place a buy order for ANT tokens on the crypto exchanges. If you have exchanges that support the direct swap between fiat currencies and the ANT tokens, then the process is easier. However, some exchanges will require you to buy the leading coins such as BTC, ETH, BNB or USDT before converting them to ANT tokens. Ensure you check the ANT trading pairs on a crypto exchange before you decide on a platform to use. For example, on Binance, simply select the currency you wish to trade in, enter the amount you wish to purchase and click on the buy button.

5. Safely Storing your Aragon in a Wallet

After buying the ANT tokens from cryptocurrency exchanges, there are certain things you can do with them. You can use the ANT tokens to trade against a wide range of other cryptocurrencies. In this case, it is best to leave the tokens in your exchange wallet. However, if you desire to hold the tokens for a long time, then you should move them to a cold storage wallet. They provide the required security for your tokens, ensuring that they are safe at all times.

The ANT tokens will be in your wallet for as long as you want. When you wish to move them, you will need to use the wallet’s public key. You will also need the recipient’s address and the number of ANT tokens you intend to transfer.

Should you Buy or Trade Aragon?

There is a difference between investing and trading ANT tokens. Knowing the difference will help you know which platform to use and allow you to leverage them both to increase your chances of becoming successful. If you are a long term investor, then an exchange is the right platform for you to buy and hodl the tokens. But if you wish to exploit the price volatility of Aragon, then a broker will be a better choice.

What’s the Difference between an Aragon Exchange and a Broker?

Crypto exchanges and brokers don’t operate the same way, even though they provide traders with access to cryptos. When using crypto exchanges, you will get to buy the actual ANT tokens. You can trade the tokens, hold them in your exchange wallet or transfer them to private wallets for safekeeping. Crypto exchanges make it possible to trade ANT against cryptocurrencies such as BTC, ETH, USDT and BNB and fiat currencies like the USD or EUR.

Crypto brokers operate differently because they only allow you to bet on the price performance of a cryptocurrency. You get to bet on whether ANT’s price will go higher or lower, and depending on your prediction, you will earn profits. By using brokers, you are not interested in purchasing the actual tokens but only getting exposure via contract for differences (CFDs) or futures contracts.

Aragon: Long vs. Short Term Investment

Investing in ANT for the short and long-term are not the same. As a long-term investor, you are purchasing the ANT tokens and holding them for a long time to earn profits in the future. Usually, you can hold the tokens for months or years. In this scenario, the best thing to do is to buy ANT tokens from exchanges and store them in a cold storage wallet for safekeeping.

As a short-term investor, you are also gaining exposure to the cryptocurrency, but it only lasts for a few weeks or months. This investment style is best suited for cryptocurrency brokers since they allow you to speculate on the price performance of the ANT token in the short term. When using cryptocurrency brokerage platforms, you can earn profits if the ANT token’s price goes up or down, depending on your prediction. Ultimately, trading with cryptocurrency brokers means you don’t have to buy and hold the actual ANT tokens.

Other Ways to Buy Aragon

You can also purchase ANT tokens using other methods, including;

P2P: (Peer-to-Peer) exchanges allow buyers and sellers to meet and negotiate prices for various cryptocurrencies. You can purchase ANT tokens on P2P platforms. They are great because of the low transaction fees.
Staking: You can earn ANT tokens when you stake them on the network. You stake the tokens by holding them in your wallet instead of using them. Your tokens help secure the network, and you earn a reward for it.

This comprehensive ANT token trading and investment guide should provide you with the necessary information to get started. However, we still encourage readers to conduct in-depth research to find the best ANT buying/selling platforms available to them.

5 Things to Consider if you Want to Buy Aragon

Before buying 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.

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 Cards If 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.

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.

Other Ways to Buy Aragon

You can also purchase ANT tokens using other methods, including;

P2P: (Peer-to-Peer) exchanges allow buyers and sellers to meet and negotiate prices for various cryptocurrencies. You can purchase ANT tokens on P2P platforms. They are great because of the low transaction fees.
Staking: You can earn ANT tokens when you stake them on the network. You stake the tokens by holding them in your wallet instead of using them. Your tokens help secure the network, and you earn a reward for it.

This comprehensive ANT token trading and investment guide should provide you with the necessary information to get started. However, we still encourage readers to conduct in-depth research to find the best ANT buying/selling platforms available to them.

Frequently Asked Questions

Who developed Aragon?

Aragon project was established by Luis Cuende who was featured in the technology section of “Forbes 30 Under 30”.

What is the vision of the Aragon development team?

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).

Is it possible to mine Aragon?

Unfortunately, you cannot. You can only buy Aragon or trade its tokens through a crypto platform.

Who controls Aragon?

Aragon is governed and managed by the stakers who stake their Aragon tokens.

Is Aragon trading legal?

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.

Why does Aragon fluctuate in price so dramatically?

Just like many other digital currencies, Aragon is also impacted by market factors, for instance quickly changing supply and demand.

Can Aragon scale to become a major payment network?

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.

Do you pay tax on Aragon profits?

You will need to check out your country’s laws to see if profits earned through crypto trading are classified as capital gains.

Is there is a minimum amount to Invest in Aragon?

No, there isn't. Each investor can allocate as much as they can afford to the ANT project. Your investment depends on certain factors, such as how much you have budgeted to invest and other investment criteria.

Should I move my Aragon to a private wallet?

If you intend to hold the ANT tokens for a long time, then it is best to move the tokens to a cold storage wallet. The tokens are more secure on cold storage wallets than they are on cryptocurrency exchange wallets.

Where are the best platforms to buy Aragon?

The ANT tokens are available on crypto brokers and exchanges. For exchanges, you can buy it from the leading ones such as Binance, Kraken, KuCoin, Uniswap, Gate.io and several others. ANT tokens are also available on some cryptocurrency brokerage platforms.

What can I use the ANT tokens for?

ANT token is popular in the DeFi space. You can stake the ANT tokens to earn a reward or trade them against other fiat currencies and cryptocurrencies. You can also trade any of the ANT token pairs on crypto exchanges or store the tokens in your cold storage wallet for safekeeping.

What sources should I use to get the current information on Aragon?

You can get the latest news on ANT and other cryptocurrencies on crypto news sites. Many social media platforms can also provide you with the latest market news on a wide range of cryptocurrencies and other financial markets.