How to Buy Arweave (AR) in 2024
Arweave is a decentralised cloud storage platform that allows users to permanently store data on its public network. Scroll down to learn about where you can buy its native crypto, AR, that is used for all data storage transactions on Arweave.
How to Buy Arweave
You can purchase Arweave online using a cryptocurrency exchange. This is the easiest way to buy and sell cryptocurrencies—all you need is a computer or mobile device. See below for our top picks of platforms that offer Arweave and simple steps to buy weave.
1. Choose a platform
To get things started, you should find a platform known for its positive customer experiences, data security mechanisms, and minimal transaction costs. We have selected the top platforms for you with these criteria in mind below.
2. Create and fund your account
To verify your account, you’ll want to provide some form of government ID and your proof of residence. Once you’ve finished up with this, you’ll be able to send money to your account via payment options like PayPal, Visa, and Mastercard.
3. Buy Arweave
You’ll be able to buy Arweave by selecting the trading pair that matches with your local currency. If you are reading this from the UK, you may want to go for the AR/GBP trading pair.
Where to Buy Arweave?
With Arweave cementing itself as a force in the decentralised storage space, you can buy it through a number of vendors. Here are some of the best platforms with respect to their user-friendly interface, security settings, and low fees.
Things to Consider When Buying Arweave
You should remember to do your own research on the dynamics and roadmap of Arweave before you decide to acquire it. You’ll find some factors below that may help you with this decision.
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A Storage Layer for Other Blockchains. Solana, Avalanche, and NEAR employ Arweave as a repository for the large amounts of on-chain data they produce. As data continues to flow into Arweave from these networks, it could heighten demand for the AR tokens needed to execute transactions.
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Deep Pockets. Arweave is backed by a range of prominent VC funds like Andreesen Horowitz, Multicoin Capital, and Coinbase Ventures. With a wealth of resources at its disposal, Arweave is well positioned to further add value to its Web3 ecosystem.
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Cutting-Edge Development Team. Arweave was founded by two rising computer engineers: Sam Williams and William Jones. They both hold PhDs in Computer Science from the University of Kent.