Cryptocurrencies have stormed, and there is no looking back. People use crypto as they are sure that their money remains safe. This has led to a boom in the cryptocurrencies available. One of these currencies is Cope, and it is pretty in demand. However, Cope is one of the most challenging currencies available for purchase. If you want to buy Cope, you should use the following steps.
What Is COPE
COPE is a project which has two phases. Phase 1 focuses on evaluating the weakness of the traders. The top 100 call makers are assessed based on call accuracy. Initially, COPE was first traded on 31st March 2021. At present, its Market Capitalisation remains around USD $11,666,177.96. The price of COPE is around $0.233, and of late, its price is zooming like anything.
Here are the steps to buy COPE crypto
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Register On A Fiat To Crypto Exchange
There is multiple fiat to crypto exchanges that you can select from. Just research the different exchanges and pick one that has the best terms and conditions. Your choice of exchange should be based on the following factors:
- It should be easy to use
- Ability to trade in multiple currencies
- It comes with a mobile app that is simple to use
- Should not have any hidden fees or costs
- Has positive reviews from the other users
Set Up An Account And Buy USDT With The Fiat Money
Once you have decided which exchange to select, you will have to set up an account there. This will require a KYC process where you will be asked to submit your email address, identity proof, and other details. It is best to provide correct information at this stage itself.
After the KYC, you will have to add a payment method. This could be credit/debit cards or bank transfers. You will be charged fees if you choose credit/debit cards. But bank transfers take time to get processed.
Now everything is done. Go to the transact section of your exchange. Select the FIAT currency you are going to use, and in the To field, you can choose USDT. Now click preview, have a look at the transaction, and if everything is OK, press confirm. You have purchased your USDT.
Transferring USDT To An Altcoin Exchange
COPE is an Altcoin, and therefore we need to go to an exchange on which COPE can be traded. There are quite a few exchanges that permit trading in COPE. Go to their website and register for an account there. Now you must use the USDT you had purchased to buy COPE cryptocurrency.
Some of the popular exchanges have daily trading volumes and a vast user base. On these exchanges, you can sell back your coins at any time. Moreover, the fees for the transactions are less too. You should register on any of the exchanges because once COPE starts trading properly, the volumes seen will be very high.
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Buy A Hardware Wallet To Save COPE
Eventually, keeping your cryptocurrency online can be risky. To avoid any stealing of coins, you can buy a hardware wallet. This wallet would keep your COPE currency secure. Find a hardware wallet that has the following features:
- Easy to set up and has a friendly interface
- You can use it on both desktops and laptops
- It should be lightweight and hence easy to carry around
- Supports all kinds of blockchain and cryptocurrencies
- Uses multiple languages
- Affordable and not a burden on your pocket
- It has a large screen
- Superior battery backup
In these Cold wallets, the wallet gets access to your blockchain when you are sending out funds. Thus the chances of any hacking incident are pretty low. There is another option of having a paper wallet. Basically, a paper wallet is an offline generated pair of addresses. These addresses you can save and keep secure at a safe place.
But again, these wallets are not very durable, and if you misplace them, you will lose all information. On the other hardware, wallets have better firmware and therefore offer high-level protection. They are USB-enabled devices and will store all your crypto details in a highly secure manner. Such wallets are priced between $50-$100 depending on the features they offer.
Summing Up
Buying cryptocurrency of any kind is a choice that a lot of people make. The price of cryptocurrencies is zooming and investing in them is a highly profitable idea. However, both purchasing and selling of these currencies should be done with care. Even the slightest bit of carelessness could lead to a loss of money.
At any point, buying a hardware wallet is always a great idea. Choose one that matches your budget and gives safe protection to your cryptocurrency. If you tend to forget where you place your things, then a hardware wallet for your cryptocurrency is just what you need.
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