Ankr reached a 20-fold high in the first quarter of 2021 (0.01$ to 0.21$) and continues to rise by 700% in 2022, currently settling at 0.03$ - 0.05$. Ankr investors are optimistic that this will be another bull market and a retest of its peaks.
Our beginner's guide on this, where and how to buy Ankr, will help you get started if you are not yet invested in Ankr. We will also discuss what exactly Ankr is, as it is still relatively unknown, ranking #111 on the Coinmarketcap.
Where to buy Ankr - Best platforms
Investors can easily buy Ankr online by following the step-by-step guide above. For additional guidance, we've reviewed everything you need to know about investing in Ankr in our comprehensive guide below. We'll also review in detail the four best cryptocurrency exchanges for investing in Ankr.
1. eToro - generally the best place to buy Ankr online.
eToro is one of the safest platforms for buying Ankr. It has FCA, ASIC and CySec regulations. With eToro, the Ankr investment process is convenient even for new investors.
The platform has become widely popular among traders because of its easy-to-use interface and free trading services. This exchange is suitable for beginners and they can easy to invest in Ankr thanks to eToro's beginner-friendly usability.
To buy cryptocurrency on eToro, you will need to open an account, and this only takes a few minutes. Then you will need to make a deposit .You can use a wide range of methods offered by the platform to deposit - debit or credit cards, bank transfers and e-wallets.
The e-wallet option includes Paypal, Skrill and Neteller. After successfully funding your eToro account, you can invest in Ankr Online with rounded spread. You only pay the difference between the bid and ask price once (at the time of purchase).
In addition to Ankr, eToro also offers various other digital currencies that you can invest in. The range of 60+ assets includes EOS, Bitcoin, Litecoin, Cardano, Ethereum, DeFi cryptocurrencies such as. AAVE, and more.
Thus, eToro gives you the opportunity to properly diversify your cryptocurrency portfolio. eToro is also known in the industry for offering thousands of stocks along with ETFs, which are delivered at 0% commissions.
Unique features of eToro are the copy trading, copy portfolio and social trading tools. With the copy trading tool, you can choose an effective trader to automatically copy trades. It also offers passive investment products, which are its Crypto Portfolio, DeFi portfolio and others.
With a single investment, you can now diversify across multiple cryptocurrency assets to make your investment less risky. You can access the eToro web platform on Windows or Mac, and download the mobile app from the website.
2. Crypto.com - Trade Ankr with leverage
Crypto.com added Ankr in October 2020 and offers an ANKR / USDT spot trading pair and a perpetual futures pair for Ankr trading on leverage.
Crypto.com is popular because it gives you the opportunity to make money on cryptocurrencies, including bitcoin (6% interest) and stablecoins (up to 14%), but currently earning on Ankr is not possible.
Another popular feature is the metal VISA card, which can be used to spend cryptocurrencies in retail stores. Check out our review of the Crypto.com VISA card.
Crypto.com also offers a DeFi wallet, a decentralized exchange and cryptocurrency credit cards/loans. You can take out a loan using your cryptocurrency holdings as collateral.
There is also a market NFT Crypto.com, offering a simple secure place to buy NFTs from as little as $1 at auction.
The minimum deposit is $10 at Crypto.com. If you buy Ankr with a credit card, the platform will charge 2.99% of the deposit amount.
3. Coinbase - A beginner-friendly platform for users
Coinbase is a popular cryptocurrency platform with more than 70 million verified customers worldwide. Investors based in many countries can now easily invest in Ankr on Coinbase. You can create an account on Coinbase and verify your identity with some basic personal information.
You will need to provide a copy of your passport/driving license. Once you have deposited the funds after this process, you are all set to buy Ankr Online with MasterCard or Visa on Coinbase.
Although the platform processes your purchase immediately, it charges 3.99% as a deposit transaction fee. Alternatively, you can deposit funds on the platform using your bank account. This deposit is free of cost. However, you will still have to pay a 1.49% trading commission when you buy Ankr on Coinbase.
These reasons make Coinbase slightly more expensive to use than eToro. If you look at the suitability aspect for beginners, we recommend eToro over Coinbase. There is an option to use their separate platform Coinbase Pro however for low fees.
If you choose Coinbase to invest in Ankr, it will also offer you a range to invest in 100+ cryptocurrency assets. The range has popular cryptocurrencies such as Ethereum Classic, Litecoin, Shiba Inu, Bitcoin, Decentraland, Cardano, etc. The minimum investment in Coinbase is $ 2. This is another reason why this platform has been chosen by many investors.
It also makes investment convenient for new investors. Coinbase is known for its strong security mechanism. It offers users web accessibility and a mobile app that is compatible with both Android and iOS devices. You can easily link the app to your main Coinbase account.
4. Binance - The largest cryptocurrency exchange that allows you to buy Ankr
Binance is another popular exchange for trading cryptocurrency assets. The platform has also enabled Binance investors to instantly purchase cryptocurrencies online using a debit/credit card at just 1.8%. Binance was forced to use a third-party payment gateway after an FCA investigation, making card payments an expensive affair, so we recommend buying cryptocurrencies elsewhere, but using Binance for day trading.
Binance is a good option if you deposit funds in cryptocurrencies, which are completely free. If you exchange cryptocurrencies such as Bitcoin, BNB or Tether for Ankr, you pay a commission of only 0.10%.
Like eToro, Crypto.com and Coinbase, Binance also has cryptocurrency staking options, and Ankr is now supported. Using this feature, you can earn interest on your cryptocurrency holdings. At the time of this writing, the exchange is paying an APY of 0.70% per Ankr, which is small, but provides "assured" earning. Earning is offered through a flexible savings account, which allows you to withdraw your tokens at any time.
Users who choose Binance to invest in Ankr online, they also benefit from the wide range of trading tools and features that the platform offers.
What is Ankr?
Ankr is both a cryptocurrency platform and a cryptocurrency that appeared on the cryptocurrency market in 2017. Its co-founders are Chandler Song and Ryan Fang. Ankr's platform has spread globally and seeks to democratize the internet by working towards a next-generation decentralized internet.
Ankr uses blockchain to offer cloud computing solutions. It simplifies earning for users in the cryptocurrency ecosystem. Ankr's main goal is to create a user-friendly tool that would help both organizations and individuals. The platform allows users to easily install blockchain nodes from centralized cloud providers.
Ankr Network's facilities effectively decentralize public blockchains. Users can monetize using the Ankr management system's smart contracts. When users want to pay for cloud computing resources, they use Ankr.
Is Ankr a good investment?
Before you proceed to buy Ankr (or any investment for that matter), it is important to ask and analyze whether the same is a good investment.
Ankr platform services help cross-chain access development. It is a well-known and initial contribution to web 3.0. Thus, it carries out precise and trusted communication and integration for users. Ankr offers one-click node deployment and API services, giving access to more than 40 major blockchains.
Its computing power is supported by distributed ledger technology, which minimizes costs during data collection. Ankr's DeFi platform can be used by developers and stakers to easily create and circulate dapps and rates. The token is Ankr's ERC-20 token. Ankr token runs on the Ethereum blockchain, and Ankr can be purchased with ETH, which is used as a payment method for the platform's services.
When deciding to invest in cryptocurrencies, you should consider your financial goals, risk appetite and future prospects for your cryptocurrency project.
We have analyzed Ankr in detail so that you can make an informed decision before investing in this cryptocurrency asset .
Ways to buy Ankr - How can I buy Ankr cryptocurrency?
If you want to invest in Ankr online right now, simply decide on the most suitable payment method that suits your requirements. To make the process easier for you, we've reviewed the many payment options below.
Buy Ankr with a credit card or debit card
W eToro, you can conveniently buy Ankr with your debit or credit card in just a few minutes.
First, you need to open an account eToro and enter your card details on the portal. Once you have successfully selected your preferred investment amount (minimum $10), you can purchase Ankr and it will be processed immediately. Your purchased tokens will be added to your wallet and will bounce in real time.
Note the fees charged for buying cryptocurrencies when you invest in Ankr online using a MasterCard or Visa card. If we compare, while on eToro you pay only 0.5% in fees, debit/credit card fees are a hefty 3.99% on Coinbase.
Buy Ankr with Paypal
Investors can also buy Ankr with Paypal. eToro supports this payment method and charges 0.5% with a minimum deposit of $10.
When using Paypal, you are not required to enter your card information on the broker's website. Since you will already have your Visa or MasterCard linked to Paypal, all you need to do is log into your eToro account and make a purchase.
Using Paypal to purchase Ankr online through Coinbase will have a fee of 3.99%.
Which wallet to choose for storing Ankr
Like other digital assets, Ankr is also stored in a cryptocurrency wallet. If you have an Ankr wallet, it will allow you to seamlessly send and receive funds without any worries.
If you are looking for the best Ankr wallets, our suggestions would be the mobile apps available. They are quite suitable for beginners as well. Just go to the Play store or Apple Store and download the app to your cell phone. Choose a PIN and save your password for backup. Then you can transfer your Ankr tokens.
Cryptocurrency wallet eToro Money is one of the best options because it is user-friendly and highly secure. eToro safely stores your cryptocurrencies with industry-leading security and keeps the tokens in your wallet until you decide to cash them out.
Is now the right time to invest in Ankr
Savvy investors always look for the right time to leverage cryptocurrency investments. They consider buying Ankr when cryptocurrency assets are witnessing a market correction. This means that Ankr has fallen in value from its recent highs. You need to understand that it is not an easy task to time the markets in the cryptocurrency ecosystem.
Cryptocurrencies, including Ankr, operate in a highly unpredictable market, and all fluctuation in value is driven by speculation. Many suggest that instead of accurate market timing, it is always a good idea to cost averaging of Ankr purchases In order to get better returns. This means that you should simply invest small or medium amounts systematically.
How to buy Ankr cryptocurrency - a guide
Below we will discuss how to invest Ankr with eToro step by step.
Step 1: Open a cryptocurrency account eToro
Fill out the registration form with personal information such as name, cell phone number, email address and other relevant data as required.
Step 2: Upload the ID
Completing the Know-Your-Customer (KYC) process on eToro is a must. To do so, send identification documents such as:
Passport or driver's license
Last bank/tax statement or utility bill
You can buy Ankr online without sending these documents, but you will have to verify your account before withdrawal.
Step 3: Deposit funds
Depositing funds into your eToro account is easy. As an investor, your minimum funding requirement is only $10. eToro charges a nominal currency fee of 0.5% if you deposit funds in a fiat currency other than USD.
The platform will convert your GBP deposits to USD, and then you can proceed to purchase Ankr. The fastest deposit method is by debit or credit card.
Step 4: Search for Ankr
After funding your account, search for "Ankr" in the search bar.
When the Ankr cryptocurrency appears, click on trade.
Step 5: Buy Ankr
After clicking on trade, the order window will appear on the screen.
Enter your desired investment amount (in USD). This is what you will spend when purchasing Ankr. The minimum trade is $10. Once you have selected the amount, click on "Open Trade" to confirm execution.
eToro will immediately add your Ankr tokens to your cryptocurrency wallet. You can safely hold them on eToro as a long-term investment, it is a secure platform that has been in operation since 2007 without the possibility of hacking.
How to sell Ankr
Like other cryptocurrency assets, you can sell your Ankr tokens from the comfort of your own home. If you purchase Ankr tokens through eToro, you can withdraw your investment in just a few clicks.
All you have to do is click the "Portfolio" button on the left side of the dashboard. Look for Ankr and click the "Settings" button, which is located near the "marketplace." After that, click the "Close" button to convert your tokens into cash.
eToro will then reflect your sale, updating your cash balance. You can then withdraw the cash or place your funds in other assets, according to your investment requirements.
In this guide, we covered, how to buy ankr cryptocurrency online using top-rated cryptocurrency platforms. The process is simple and takes just a few minutes. Deposits are processed immediately when you use methods such as debit/credit cards.
When you choose eToro as your broker to invest in cryptocurrencies, all you need is just $10 to invest in Ankr. Another added benefit is that since eToro is a social trading platform, you can connect with other investors to get their thoughts on the current Ankr price action and predictions on the future Ankr price forecast.
The platform also features pro traders in the popular trader program, which you can copy, or you can trade Ankr yourself.
FAQ - Where to buy Ankr - frequently asked questions
You can use a regulated broker such as eToro, to buy Ankr online. Open your free account today and verify your identity by completing the KYC process. Once you've made your deposits, you're ready to buy Ankr on the platform.
This is a good time to buy Ankr, as the market is recovering from the correction. The cryptocurrency is recovering after a sharp decline, and this is a good time to put your capital in it. Its limited market supply is also a good reason to invest in this cryptocurrency. Many experts suggest that it has more potential as a long-term investment option for this reason.
Speculators believe it will get there, but we will have to wait a few more years. Experts predict that it could surpass its all-time record of 0.2$ by 2023.
You can choose an adjustable platform, such as eToro. Just log in to your account and go to the withdrawals section. Follow the steps described above.
To buy Ankr online, our best recommendation is to eToro. It is a regulated platform and facilitates trading cryptocurrencies without commissions. The platform is also suitable for beginners thanks to its user-friendly interface.
Yes, eToro listed Ankr on February 1, 2022.
Yes, Coinbase listed Ankr in March 2021.
Yes, Binance listed Ankr in July 2019.
The views and opinions expressed here are solely those of the author and should not be taken as financial advice either. Every investment and transactional activity involves risk, so you are advised to do your own research when making any trading, investment or financial decisions.