How to Buy Ardor (ARDR) in 3 Simple Steps

How to Buy Ardor with a Broker

Crypto brokerage platforms provide an easy way for users to buy and trade several cryptocurrencies. They offer alternative trading and investment methods to crypto exchanges. When using a crypto broker, you are only speculating on the performance of the ARDR coin via investment vehicles such as contracts for difference (CFDs) or futures. This means you are not dealing with the real ARDR coins.

As with any financial asset, you should treat the security of your cryptocurrencies with the utmost importance. The cryptocurrency market is in its early days, which means it is plagued by numerous scam projects and platforms. You need to be careful about the brokerage platform you choose to trust with your money. We recommend using only regulated cryptocurrency brokers because they offer top-notch security, ensuring that your funds and personal data are safe at all times. Ensure you carry out in-depth research and find out the regulatory status of a broker before you register with them. By using a regulated broker, you get to enjoy security and other services such as massive liquidity, a good user interface, and more.

1. Register with the Broker

Trading the ARDR coin with a broker starts by opening an account with a brokerage platform of your choice. There are numerous brokers available, but we recommend using a regulated broker since they offer the needed security and have excellent features available to the traders. Most brokers have an easy registration process that allows you to get your account ready within minutes. eToro and Pepperstone are some of the leading crypto brokerage platforms, and they only require a username, password, and email address to register your account. When opening your brokerage account, we advise using a strong password, and this usually contains at least 6-20 characters with a minimum of one capital letter, number, or symbol. This boosts your account security.

2. Verify your Identity (KYC Process)

Since we are dealing with regulated crypto brokers, account verification is important. This is because the brokers comply with regulatory standards and require users to verify their accounts for extra security. Hence, you will be asked to verify your account per the KYC (Know Your Customer) and anti-money laundering (AML) processes. Account verification allows you to enjoy most of the features offered by a broker.

When verifying your brokerage account, you will need to submit an official ID such as a driving license or a passport, proof of residence, and sometimes proof of earning. Once this is done, you are granted access to the broker’s platform and all the available features. The verification stage usually takes a few minutes, and the broker activates your account within minutes.

Adding the verification process means that a crypto broker takes the security of your funds and personal data seriously. Hence, the reason why crypto companies are advised to implement such processes on their platforms.

3. Deposit Funds with your Preferred Payment Method

As soon as your brokerage account is activated, you can move to the next stage and fund it. Each brokerage platform offers a wide range of payment options, and you have to choose the one that suits you. To do so, you need to consider the following:

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

These are crucial factors that help you decide on the best payment option for you. Each of them comes with its challenges such as high fees, long transaction period, and lack of availability. For this reason, consider all the options and choose the best payment method for you.

4. Open a Position to Long/Short Ardor

After funding your crypto brokerage account, you can open long or short positions on the cryptocurrency. You can open a long position if you are bullish on ARDR’s long-term price potential. This means you are confident of making profits in the long run.

On the other hand, if you see ARDR’s price declining over the coming weeks or months, you can open a short position on the cryptocurrency. This means you are bearish about Ardor. If your prediction is correct, you will make a profit for shorting the cryptocurrency.

If you understand the difference between the two, you can easily leverage them to make profits by trading the ARDR coin. When using a crypto broker, consider implementing risk management techniques. Inserting trading limits such as stop loss and take profit can help you trade the cryptocurrency favourably.

5. Close your Position

You can close your position once you attain your desired trading goal or if you wish to limit your losses. Closing your position can be done manually or automatically. By setting limits such as stop loss and take profit, the broker automatically closes your position once the set limits are attained. This allows you to take action on your trades even while away from your computer. You should learn everything possible about closing positions using the educational resources available on the platform or this website.

How to Buy Ardor with an Exchange

Crypto exchanges also allow traders to access a wide range of cryptocurrencies. However, unlike the brokerage platforms, exchanges allow you to buy, hold, and trade the real ARDR coins. We recommend choosing reputable and reliable crypto exchanges since they offer more features such as security, trading tools and more.

Some exchanges are still not regulated. However, they are not reputable and operate outside the purview of the law. You should use only reputable and reliable regulated crypto exchanges.

1. Set up an Ardor wallet

ARDR is the native coin of the Ardor blockchain. To start trading or to invest in the cryptocurrency, you need to take a few minutes and set up an appropriate wallet. Some of the options to consider include:

• Exchange/Online wallets: This wallet type is popular because cryptocurrency exchanges offer it. You can buy and store your ARDR coins on crypto exchange wallets. However, this is only recommendable if you are trading the coins. If you want to hold the coins for a long time, you should move them to a cold storage wallet for better security.
• Desktop wallets: Desktop wallets are computer software programs that allow you to store the ARDR coins you purchase from an exchange. Find the ARDR-supported desktop wallet to store your coins.
• Cold wallets: This wallet type is the most recommended since they offer the best security for your cryptocurrencies. They are offline wallets usually shaped like USB flash drives. Since they are offline, it is hard for hackers to steal your funds.

The security of your ARDR coins should always be at the top of your mind. Hence, we recommend storing them in a cold storage wallet. Ensure that you add extra layers of security to your wallet, such as the 2-factor authentication. Also, set a strong password for the wallet and store your public keys in a secure location. You can learn more about the various ways to protect your crypto cold storage wallets here.

2. Choose and Join an Exchange that Offers Ardor

ARDR is a leading cryptocurrency that is available on several cryptocurrency exchanges. You can purchase ARDR coins from leading cryptocurrency exchanges, including Binance, Huobi Global, Bittrex, Poloniex, WazirX and HitBTC. These exchanges have the highest ARDR liquidity, and they offer excellent features. Ensure you go through the features they offer, so choose the best one for you.

3. Choose Your Payment Method for Buying Ardor

After choosing an exchange, opening an account and verifying it, you can select the payment option you are comfortable with. The exchanges offer numerous payment options, and each one has its conditions. When you choose credit and debit cards, the funds are deposited almost instantly, but you will incur higher transaction fees. PayPal and Bank Wire have lower transfer fees, but PayPal is not readily available on all platforms, while bank transfer takes days before the funds reflect in your account. Most exchanges also offer other electronic payment channels such as Neteller, Skrill and others.

4. Place an Order to Buy Ardor

After funding your crypto exchange account, you can place a buy order for the ARDR coins. Some exchanges allow you to buy the ARDR coins directly using the deposited fiat currencies. However, for exchanges that lack the ARDR-fiat currency trading pair, you have to use your fiat to buy leading cryptocurrencies such as BTC, ETH, or USDT. You can convert these coins to ARDR once you are done. Know the available ARDR trading pairs on the cryptocurrency exchange you wish to use.

5. Safely Storing your Ardor

The ARDR coins are loaded into your crypto exchange account. The next step is to decide what to do with the coins. You can leave them in your exchange account and trade them against other cryptocurrencies like USDT, ETH, or BTC. However, if you are an investor, you will want to hold the coins for a long time. In this case, move the coins to a cold storage wallet. This is because they provide the needed security for your coins, ensuring that they are safe at all times.

Once you have transferred the coins to your cold storage wallet, they will be there until you are ready to transfer them. To do so, you will need to enter your wallet’s public key and the number of ARDR coins you wish to transfer.

Should you Buy or Trade Ardor?

Investing and trading ARDR coins are different. Understanding the differences will help you decide the platforms to use and enable you to take advantage of them both.

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

Trading with crypto exchanges and brokerage platforms is different. When using cryptocurrency exchanges, you get to purchase the real ARDR coins. The exchange allows you to trade the coins, hold them in your exchange wallet, or move them to a private wallet. Cryptocurrency exchanges allow you to trade numerous ARDR trading pairs such as ARDR/BTC, ARDR/USDT, ARDR/ETH, and more.

However, crypto brokerage platforms don’t operate the same way. They allow you to bet on the price performance of ARDR and other cryptocurrencies. This means you speculate on ARDR’s price, and depending on your prediction, you will make a profit or record a loss. Trading with crypto brokers doesn’t involve buying the actual ARDR coins, but instead trading them as contracts for difference (CFDs) or futures contracts.

Ardor: Long vs. Short Term Investment

There is a clear difference between long-term and short-term investments. If you are a long-term investor, you buy the ARDR coins and hold them for months or years, depending on your expectations from the cryptocurrency. As a long-term investor, buying the actual ARDR coins from an exchange is the best option for you. You can store the coins in a cold storage wallet to ensure their safety for the long term.

However, if you are a short-term investor, you are only interested in earning from the price performance for a few weeks or months. It is best to use crypto brokers for this as they allow you to bet on the price performance of the ARDR coin in the short term. You can earn profits when ARDR’s price rises or falls, depending on your prediction. With brokers, you don’t have to buy and hold the actual ARDR coins.

Other Ways to Buy Ardor

You can also buy ARDR using any of the methods explained below:

• P2P: (Peer to Peer) exchanges are unique because they allow users to negotiate directly for buying and selling cryptocurrencies. You can buy the ARDR coins on P2P platforms with ease.
• Staking: Ardor is a proof of stake protocol, which means you can earn ARDR tokens for staking on the network. By staking, you are helping secure the network by holding the coins in your wallet. You will earn more ARDR coins when you stake the cryptocurrency.

Our comprehensive ARDR trading and investment guide contains the necessary information to help you get started. However, choosing the best platform to trade the cryptocurrency is necessary if you wish to be successful. We have taken care of that for you by recommending the top exchanges and brokerage platforms you can use. These platforms are secure, reliable, regulated, and offer the best features.

5 Things to Consider if you want to Buy Ardor

Before purchasing Ardor, we suggest that you evaluate various parameters such as cost, security of platforms and relevant fees. You should know about various factors that can affect your investment. You will be able to manage risk if you consider these issues before buying/selling.

1. Carefully choose your preferred secure payment method

In spite of the fact that there are various payment modes, their accessibility relies upon the platform you pick and your country of residence. The essential factors that you need to consider while picking a payment technique are speed, security, and dependability.

2. Will you need to set up your own wallet?

When your investment is for the long haul, you might hold your ARDR coins for a period that could last from half a month to a couple of years. This is the point at which we strongly prescribe you to get a crypto wallet so you can safely store your Ardor coins. While the wallets that are built into your picked crypto platforms are sufficient, they are often powerless against cyberattacks. Also, you will have to pay a storage charge which will decrease your net revenue. If you would prefer not to manage the issue of setting up and dealing with a wallet, trading Ardor is a better alternative.

3. Comparing costs

Another important part of trading is looking at the transaction costs of various crypto services. Since these expenses can negatively affect your financial gains, we suggest that you assess the trading expenses of the multitude of your selected platforms. These expenses may incorporate network charge, exchange cost or commission, storage charge, withdrawal expense and deposit charge. Another approach to diminish costs is to use digital currencies rather than fiat cash.

4. Safety and security

Before putting money into any digital asset, including Ardor, it is suggested to make sure that the project is safe and secure. Ardor is based on the Ethereum blockchain which conveys a significant degree of safety.

In addition, the Ardor network highlights numerous other security features including the P2P systems platform and decentralisation. It means that no organisation or a solitary individual has unjustifiable command over the platform and its token. Some platforms may provide additional security features such as 2FA.

5. Can you understand and navigate the platform?

When you need to boost your net profits, we suggest that you pick a service that makes it simpler for you to explore and use various highlights. At the point when you first sign up on a crypto site, ensure that you acquaint yourself with all the features offered by the service. Some platforms provide a demo account that can help you to familiarise yourself with the user interface.

What is the Best Payment Method for Buying Ardor?

You need to remember that there is no single best payment technique for purchasing or trading ARDR coins. It relies upon your trading objectives and methods. While there are numerous payment strategies, their accessibility is subject to the country you live in and your chosen broker. We suggest that you assess various payment techniques so you are in a superior situation to distinguish the one that lines up with your trading requirements.

Buying Ardor with PayPal: It is certain that PayPal is one of the main payment modes with regard to online retail shopping. Purchasing ARDR with PayPal is a costly choice when contrasted with other payment modes. It’s just reasonable in the event that you are hoping to purchase ARDR coins in a large volume.

Besides, there are numerous countries where PayPal isn’t accessible and many crypto platforms don’t offer this payment method. While PayPal is effectively finding a way to add support for purchasing and trading various digital forms of assets, it will take some time before the payment mode becomes as well-known as wire transfer or debit or credit card.

Buying Ardor with Cash: Another alternative that traders have is to purchase Ardor using cash. This strategy doesn’t cause any exchange costs and can be really anonymous. In spite of its financial gains, purchasing ARDR tokens with cash isn’t just troublesome but risky too. You should discover a vendor who possesses ARDR coins and will offer them to you at the price you desire. That is the reason it is suggested that you take a look at other payment modes.

Buying Ardor with Bank Transfer: You can use bank transfers easily to send and get your digital assets to and from numerous cryptocurrency exchanges. The lone disadvantage of trading through bank transfer is the exchange speed as it can sometimes require days for your cash to appear in your account.

Buying Ardor with Credit Cards or Debit Cards: When cost isn’t one of your essential concerns and you need your transactions to be executed immediately, the best payment choice for you is to pay through a credit or debit card. It will be expensive when contrasted with other payment modes, however, your transactions will be handled right away.

What Fees are involved in Buying Ardor?

When you are hoping to purchase Ardor tokens, you have to pay a number of costs. You need to consider these costs so you can figure out your genuine profit. A portion of the expenses incorporates network expense, exchange charges, deposit charges and withdrawal charge. When you are using the wallet that is incorporated into your service website, you will need to pay a storage expense. You can set up your own wallet for holding ARDR tokens.

Transaction Fees: As each transaction you execute requires the blockchain to approve it, transaction fees are charged usually in the form of the same token that you are trading. There are people who purchase and stake their ARDR tokens so clients can approve their transactions. For their stake, these supporters are compensated by the network as it charges a little expense which is somewhere in the range of 0.1% and 0.3% of your complete order sum. This transaction cost fluctuates between different crypto platforms. This is the reason why it is important that you assess various services prior to putting money into Ardor.

Deposit Fees: Although the vast majority of the crypto platforms don’t charge any deposit expense any longer, there are a couple of platforms that do. When you are assessing distinctive crypto traders and trades, ensure you pick the one that doesn’t deduct any deposit charge.

Withdrawal Fees: Like deposit expenses, the vast majority of the crypto platforms will not charge any withdrawal expense yet there are a few that may. Select a platform that is suited to your budget.

Safely Storing Your Ardor

When you are hoping to put money into Ardor for the long haul, we suggest that you set up your own crypto wallet. Remember that these wallets come in various forms and you can pick the one that lines up with your investment needs.

Web Wallet: The wallet that is incorporated into your crypto site account is known as a web wallet. These wallets guarantee quick availability to your ARDR tokens. They aren’t just about as secure as some other forms of wallets as they can turn into a target of cyberattacks.

Mobile WalletIf you are hoping to trade on the go,  you need a versatile mobile wallet to store your ARDR tokens. These kinds of wallets are particularly made for cell phones and make it simple for you to trade. If you are searching for a solid mobile wallet, FantomCoin Freewallet offers the correct combination of highlights and security.

Desktop Wallet: These wallets resemble PC programs that you install and run onto your computer. While the coin availability isn’t just about as extraordinary as web and mobile wallets, desktop wallets offer upgraded security through highlights like passphrase and two-factor verification. You can use Atomic Wallet to store your coins as it is one of the main desktop wallets.

Hardware Wallet: When you are intending to hold your ARDR coins for the long term, it is suggested that you use a hardware wallet that offers the most elevated level of safety. These sorts of wallets store assets in offline mode to guarantee they don’t turn into a target of cyberattacks. You essentially store the public and private keys of your tokens on an actual gadget. You can use Trezor and Ledger Nano S for storing away ARDR coins.

Wallet Combinations: Some wallets are accessible on web, mobile or even desktop versions. These are wallet combinations that some brands offer. Guarda and TrustWallet are examples of multi-platform wallets. For convenience, you might install a wallet combination to provide you with a balance of both convenience and security.

What Other Coins Can I Trade or Use to Buy Ardor?

If you would prefer not to use fiat cash to purchase or trade Ardor, you have the alternative to use digital currencies. You can use any mainstream cryptocurrency like ETH, BTC or XRP. When you use digital currency to purchase ARDR coins, you don’t need to pay the exchange charge which can reduce your financial gains.

What’s the Smallest and Largest Amount of Ardor I Can Buy?

As cost can turn into a critical factor in deciding the amount you can contribute, numerous brokers need to see if they can purchase part of a coin. It won’t be the issue with Ardor as there are close to 1 billion tokens in circulation. However, some jurisdictions may impose a limit on the maximum amount of investment in a financial year so check your local laws before investing.

Can I Buy Ardor Anonymously with no ID? Is it Safe and Legal to Buy Ardor?

While we unequivocally suggest that you use a regulated trading service to purchase Ardor tokens, when you are keen on trading anonymously, you should assess the chosen platform completely to guarantee that they are a real business. Unregulated and anonymous platforms are risky and you may lose all your funds if you use such platforms.

Will Buying Ardor Make Me Money?

There are no guarantees in the crypto markets and it will depend largely on your ability to research the history of the coin’s price but some of the key elements to remember include:

• Always limit your risk by putting money into various coins as opposed to getting one token.
• Only invest what you can stand to lose.
• Make yourself acquainted with the crypto platform you are using.
• If you are serious when it comes to crypto trading, find out about technical analysis, diagrams, and charts.

If you wish to learn more about the price history of ARDR, please visit our Ardor Price Page.

How to Spend your Ardor

It should be remembered that Ardor exists to improve scalability and it attempts to overcome many challenges including single token dependency and blockchain bloat. That’s why it’s not a spendable token. One choice you have is to exchange your ARDR tokens for BTC or other mainstream altcoins and afterward purchase anything you desire.

How to Sell your Ardor

If you hold Ardor tokens, you will need to first transfer them to an exchange by putting in the exchange deposit wallet address and then sell them on the exchange platform. The best way to sell your Ardor coins is through a broker service. You should simply close your trade to sell your ARDR tokens. Assuming you have CFDs of Ardor, selling is significantly faster and simpler.