How to Buy Ocean Protocol (OCEAN) in 2024
Ocean Protocol is a decentralised data archive built on the Ethereum blockchain. Ocean Protocol brings together large data providers with data seekers, like researchers and scientists, by using its native OCEAN token to monetise the exchange.
Stay on this page to learn more about how Ocean Protocol is creating a global data economy and to find out where you can buy OCEAN in a few easy steps.
How to Buy Ocean Protocol
You can purchase Ocean Protocol 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 Ocean Protocol and simple steps to buy Ocean Protocol.
1. Choose a platform
The first step is to choose a platform that is well-regarded for its ease of use, data privacy standards, and low transaction fees. With this in mind, we have pinpointed the top platforms for you to get started with below.
2. Create and fund your account
To verify your account, you’ll have to provide photo ID, like a driving licence, and proof of residence. After this, you’ll be able to deposit money onto your account through a variety of payment options like PayPal, Visa, and Mastercard.
3. Buy Ocean Protocol
Lastly, you’ll need to select a trading pair that links to your local currency if you want to buy Ocean Protocol. For instance, if you reside in the UK, you should choose the OCEAN/GBP trading pair on your favoured platform.
Where to Buy Ocean Protocol?
In light of Ocean Protocol’s expanding use cases, there are a number of platforms you can buy it on. We have taken the liberty of compiling some of the best platforms for you on the basis of the user experiences, cheap fees, and data safety services on offer.
Things to Consider When Buying Ocean Protocol
If you are interested in buying Ocean Protocol, you should conduct your own research on the project’s fundamentals first. That said, here are a few things you may want to consider when looking at Ocean Protocol.
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Data is the New Dollar. The global data economy is already estimated to be worth trillions of dollars and is projected to almost double its present valuation by 2026. Even seizing a small piece of this space could see Ocean Protocol explode in value.
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Strategic Partnerships. Ocean Protocol has secured partnerships with a collection of other blockchain-based platforms operating in the Web3 sphere like Filecoin and Fractal Protocol. The OCEAN token can also be used to book hotel stays around the world through an association with Travala.com.
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Finite Supply. OCEAN has a fixed supply of 1.4 billion tokens. Once the circulating supply of OCEAN reaches its limit, the scarcity of the token could create more demand and value for it, sending its price upwards.
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