How to Buy Ontology

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Ontology is an exciting cryptocurrency project, focused on data sharing protocols and decentralized digital identity. In this guide, we explain how to buy Ontology in 10 minutes or less!

We also provide you with a detailed review of the best broker to access crypto assets and divulge the top reasons you might buy Ontology.

 

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Table of Content

     

    How to Buy Ontology in 10 Minutes or Less – Fast Track Guide

    If you want to set about learning how to buy Ontology today, follow the below guide. You can sign up with a broker in less than 10 minutes!

    • Step 1: Create an account with a trustworthy cryptocurrency broker – First, find a broker that includes Ontology amongst its listed cryptocurrencies. Find the sign up and enter details about who you are. Please note that the safest platforms are those regulated by a financial body, such as the FCA.
    • Step 2: Complete the KYC Process – To buy Ontology via a reputable company, you will have to take part in the KYC procedure. This is easy and takes seconds. Send a copy of a photo ID approved by the Government. You should also upload a letter or bill with letterhead showing your address and full name.
    • Step 3: Make a Deposit – Check what the minimum deposit is at your chosen brokerage and decide which payment method suits you the most. This will usually be the same card the platform sends any withdrawal funds to, so bear this in mind.
    • Step 4: Buy Ontology – Now that you have the means to buy Ontology, you can find it on the platform. The best places to purchase ONT tokens will make this easy with a search bar. Enter the amount you wish to allocate and place the buy order.

    As you can see, signing up to buy Ontology is easy. The hard part is choosing a reliable cryptocurrency broker to place your order with.

    78.77% of retail investor accounts lose money when trading CFDs at this provider

    Best Broker to Buy Ontology

    As we said, to buy Ontology you really should sign up with a creditable platform. Our team reviewed dozens of brokers and found Capital.com to be the best.

    Some of the specific elements we study when researching the best places to buy Ontology are as follows:

    • The ability to access Ontology, and an assortment of other cryptocurrencies.
    • A well-established firm with approval from regulators.
    • Low fees to buy and sell ONT tokens.
    • A convenient and practical platform, suitable for newbies.
    • The choice of supported payment types.
    • Flexible trading options.

    You can read the full review next.

    1. Capital.com – Overall Best Ontology Trading Platform

    We reviewed the best places to buy Ontology, and Capital.com ticks all the boxes. This broker offers over 200 digital assets, and you can trade ONT against USD in a few clicks. You will also be able to access popular alternatives such as Ethereum, Cardano, Dogecoin, Bitcoin, Ripple. Later introductions to the cryptocurrency list include Enjin, Internet Computer, and Matic.

    You should be aware that when you buy Ontology at Capital.com, you won't be purchasing the underlying cryptocurrency. Instead, you will trade CFDs (Contracts For Difference) that represent the value of the market in question. If ONT/USD has a buy price of $1.22, the CFD will too. This, of course, means you do not need to secure your cryptocurrencies from cyber thieves - as there is nothing to store.

    Moreover, you can take a short position if you believe the price will fall, or go long if you think it will rise. You can easily achieve this with a simple sell or buy order, respectively. You might also be able to leverage your Ontology position by up to 1:20, depending on conditions. When you buy Ontology here, Capital.com will not charge you a cent in commission fees.

    As such, you will have to pay the variance between the buy and sell value - the spread. This is competitive site-wide. Furthermore, you can meet the minimum deposit of $20 to fund your account in minutes. First, you will have to finish the KYC proceedings. You may fund your account with a debit/credit card, a list of e-wallets, or a bank transfer to buy Ontology. Capital.com also offers a free cutting-edge mobile app.

    Later, we offer an in-depth walk-through of the sign-up process to buy Ontology. Even for someone with no knowledge of trading platforms, this should take minutes. You just need to attach proof of your name and address when prompted. This is so Capital.com can validate your identity. This process is a necessity, as the broker holds licenses from various regulatory bodies. These organizations are the FCA, CySEC, ASIC, and NBRB.

    Our Rating

    • Buy Ontology with 0% commission
    • Beginner-friendly minimum deposit of $20
    • Regulated and licensed by the FCA, ASIC, CySEC, and NBRB
    • Advanced traders may find the platform simplistic
    78.77% of retail investors lose money when trading CFDs with this provider

    How to Buy Ontology – Step-by-Step Walkthrough

    Cryptocurrencies are fairly new in the grand scheme of things. Some people decide to learn how to buy Ontology – but have little to no experience with creating a broker account. If this sounds like you, we have you covered.

    In this part of the guide, you can follow a detailed account of how to sign up – one step at a time. We are using regulated and esteemed online broker Capital.com for the walkthrough. However, you may choose another, and use this as a general guide to steer you in the right direction.

    • Three tier-1 regulators approve of and license Capital.com.
    • You can trade Ontology and 200 other digital currencies as CFDs -which offers a super-flexible way to trade and cuts out the need for wallets.
    • It takes less than 10 minutes to sign up and complete the KYC process.
    • The minimum deposit is just $20 at Capital.com!

    You will find clear instructions below and can buy Ontology as soon as you have completed step 4.

    Step 1: Open a Crypto Broker Account

    Go to Capital.com and look for the button to create a new account. Next, you will need to enter information about yourself in all relevant boxes. Information required will comprise a username and password chosen by you.

    The broker will also ask for your email address and mobile number for confirmation. Enter your name, residential address, date of birth, nationality, and tax number. Finally, confirm all when you are ready to move a step closer to buying Ontology.

    78.77% of retail investor accounts lose money when trading CFDs at this provider

    Step 2: Complete KYC

    As we mentioned earlier in this how to buy Ontology guide, the broker will need to validate who you are. This is so it can offer you a full and lawful service.

    • So that the platform can confirm who you are, you can upload a photo (or scan) of a government-approved ID (with a photo on it).
    • The broker will also ask you to upload a letter or bill. This should include a date within the last few months. It must also show your first and last name and the address you gave in step 1.

    Most brokers will accept a scan of your documents. You can also check the platform to see a list of accepted letters, if you are unsure what to use for proof of address.

    Step 3: Deposit Funds

    When you are weighing up the options of how to buy Ontology, make sure you check out supported payment types.

    For instance, Capital.com is compatible with credit and debit cards, e-wallets, and also the slowest option of bank transfer. You will also need to enter the amount to deposit.

    Step 4: Search for Ontology

    You can now type Ontology in the search box. As you begin, you should see ONT tokens appear within the drop-down list.

    Click the correct asset to place an order and you can move on to the next step needed to buy Ontology.

    Step 5: Place Buy Order

    At this point, you can put what you’ve learned in this guide to practice by placing an order to buy Ontology.

    Here we are trading ONT against USD. You can buy Ontology if you believe its price will rise. If you think the value will drop, you can place a sell order.

    You will also need to think about how much you want to allocate to the order. Next, enter an amount in the relevant space. Confirm your order to buy Ontology. After this, you can check the performance of ONT tokens in your account portfolio.

    Step 6: How to Sell Ontology

    The good news for newbies is that it’s just as convenient to buy Ontology as it is to sell.

    Assuming that you followed this sign up walkthrough:

    • Log into your broker account and head to your portfolio.
    • Locate the ONT tokens you want to sell and select them.
    • If you entered the Ontology market with a buy order, cash out with a sell.
    • Alternatively, if you placed a sell order at a CFD trading platform, cash out with a buy instead.

    Whatever amount you made from the sale will be located in your broker account trading balance.

    Best Ontology Wallets

    As we said, CFDs merely track the underlying asset. This saves you concerning yourself with how to buy Ontology and store your tokens in safety.

    If you buy Ontology directly, you will be wholly responsible for storing your digital assets and securing your choice of wallet. This is largely to keep them away from the many criminals in this space. If this is your preference, you will find the best wallets for the job below.

    Ledger Nano  – Best Ontology Wallet for Security

    When reading up on the ins and outs of how to buy Ontology, you might have come across a storage option called the Ledger Nano. This is a very well-known crypto wallet, suitable for anyone who wants to adopt a buy-and-hold investment strategy.

    The Ledger Nano will store ONT tokens in cold storage, which means offline and away from thieves. Your private key is entirely unique to yourself and will be kept in the wallet. Depending on the model, you can expect to pay up to $199 for this hardware wallet.

    Trust Wallet – Overall Best Ontology Wallet

    If you are considering how to buy Ontology and store the tokens yourself, the best option on the table is Trust Wallet. This storage solution fully supports ONT tokens.

    This means you can send, receive, and store Ontology from the Trust Wallet app on your mobile phone. This application supports a wide range of markets, inclusive of ERC721, BEP2, ERC20.

    What is Ontology?

    Ontology is a public blockchain project that was released in 2018 by crypto experts Erik Zhang and Da HongFei. As well as a team of Chinese programmers and engineers.

    ONT tokens also offer multiple real-life use-cases, besides tokenized data that can be sent between blockchains. As such, this cryptocurrency is trying to solve some of the problems faced by other digital assets. More on this subject next.

    Ontology – Reasons to Buy

    There are many reasons people are researching how to buy Ontology tokens. You will find the most interesting characteristics of ONT tokens below.

    Ontology Price Fluctuations

    Below, you will see how the volatility experienced by digital currencies can be used to your advantage when you buy Ontology. Of course, first, you have to time the markets right.

    Let’s take a quick look at the price spikes experienced by Ontology over the years:

    • On March 23rd, 2018, Ontology was valued at $1.30.
    • By April 12th the same year, ONT tokens had increased by 227% to $4.26.
    • On May 3rd, 2018, Ontology reached an all-time high of $10.92.
    • Fast forward 2 years and on March 13th in 2020, ONT tokens experienced an all-time low of $0.23.
    • On January 1st, 2021, ONT tokens were priced at $0.44.
    • At the time of writing (8 months later), you can buy ONT tokens for $1.

    You might be thinking a fall in value is a bad thing? When you look at how to buy Ontology, the idea should be to buy low – sell high. This is how you will make a profit. For instance, let’s say you purchased some ONT tokens in March 2020. If you sold them today, you would be looking at gains of 334%! Furthermore, if you opt to trade CFDs, you can also make gains from falling prices.

    Businesses Can Create Their Own Blockchain

    The creators of Ontology aim to fill the design elements that many other cryptocurrencies lack – such as governance, customization, and enhanced privacy. This makes ONT tokens highly attractive to investors and traders.

    • With the Ontology project, enterprises can now create their own blockchain.
    • Businesses can also customize smart contracts that are on ready-made blockchains, whilst keeping control of classified information.
    • How companies modify them will depend on their own unique requirements.
    • The idea is to make the forward-thinking move from traditional legacy software to blockchain technology.

    Time will tell whether this is going to change the way businesses operate, but blockchain technology is certainly paving the way for a very different financial landscape.

    It’s important to study all aspects of how to buy Ontology or any other token. This includes researching its key characteristics, and the team behind it, to ensure it’s a legitimate cryptocurrency.

    Cross-Chain Interoperability

    The vast majority of blockchains have operated in a bit of a bubble for many years. Whereby they weren’t able to communicate with other networks, from alternative ecosystems. As such, when researching how to buy Ontology, the chances are you’ve come across the word ‘interoperability’.

    For those unaware, this refers to a system or software that works in conjunction with other products.

    • The team behind Ontology aims to save developers from having to choose between solutions, or blockchains, that aren’t fully compatible.
    • This should lead to a future where people can freely move data, and digital assets, from one blockchain to another.
    • Alternatively, developers should be able to run Ontology on multiple leveraged blockchains in the future.

    The network connects to Ethereum via a cross-chain functionality. Since Polygon leverages Ontology, this blockchain can now interact with Cosmos and NEO.

    In other words, a company leveraging the Ontology blockchain can now coherently communicate with an enterprise powered by NEO, Cosmos, or Ethereum.

    Ontology and NEO Alliance

    As you may already be aware, OnChain is a China-based blockchain company that is focused on creating a transparent and open-source trust scheme. The firm has two key projects – Ontology and NEO.

    Da Hongfei is the CEO of Ontology and is also one of the founders of NEO. He is well known in the Chinese cryptocurrency space and has multiple blockchain companies in the country.

    • NEO is a community-driven cryptocurrency on an open-source blockchain. The project concentrates on digital currencies and creating a smart economy on a global scale.
    • Ontology, on the other hand, is focused on resolving data, identity, and trust issues within the financial sector.
    • NEO collaborated with Ontology with the vision of creating a coherent, inclusive, and highly functional protocol.

    Some market commentators have described this as a milestone in the crypto industry. Together, Ontology and NEO are mutually beneficial.

    Investment Risk

    Since the creation of Bitcoin, it’s been common knowledge that buying and selling cryptocurrencies comes with risk. Bear this in mind when you educate yourself on how to buy Ontology.

    There are ways to protect yourself, to some extent. See below for inspiration:

    • You might also learn how to buy Litecoin or another cryptocurrency. Creating a mixed bag of digital assets is a useful way to steer clear of over-exposure to ONT tokens.
    • When you buy Ontology, you could do so in smaller amounts, which again dilutes the risk.
    • You can greatly lessen the investment risk when purchasing Ontology by trading CFDs. This is because you don’t have to store digital currencies. You will instead trade based on the underlying ONT tokens rise or fall in value.

    Capital.com will allow you to buy Ontology via CFDs, and in small increments. The minimum deposit stands at just $20.

    How to Buy Ontology – Conclusion

    In today’s guide, we have included all the crucial elements of how to buy Ontology. This included key factors like how to sign up with a brokerage to access ONT tokens. We also talked about standout characteristics of this cryptocurrency. The Learn 2 Trade team reviewed the best places to buy Ontology in full.

    The result? Capital.com was the overall best broker to buy Ontology. Multiple conduct regulators license the platform, including the FCA, ASIC, and CySEC. You will not pay any commission fees, can go long or short on ONT against USD, and there are plenty of supported deposit types.

    Eightcap - Regulated Platform With Tight Spreads

    Our Rating

    • Minimum deposit of just $250
    • 100% commission-free platform with tight spreads
    • Fee-free payments via debit/credit cards and e-wallets
    • Thousands of CFD markets including Forex, Shares, Commodities, and Cryptocurrencies
    Start your journey towards reaching all your financial goals right here.

     

    FAQs

    How to buy Ontology?

    You can buy Ontology at any place that lists it, but should do so with caution as some platforms will leave your investment exposed to hackers. One of the easiest ways to buy Ontology is via a regulated broker. For instance, at Capital.com, you will not need to buy or download a crypto wallet to keep your ONT tokens safe. This is because you will instead access the cryptocurrency markets via CFDs. The FCA, CySEC, ASIC, and NBRB regulate the space and you can get started from $20 using a credit/debit card, bank transfer or any e-wallet that is supported.

    How to buy Ontology with a debit card?

    You can buy Ontology with a debit card at the highly regarded brokerage Capital.com. You will not be charged a deposit fee, and will not have to pay commissions when buying and selling cryptocurrencies.

    Is it safe to buy Ontology?

    Buying and selling digital assets comes with a high level of risk. As such, it's important to take precautions before you buy Ontology. Actions that lessen risk include; choosing a licensed broker, making small purchases, and gaining a crystal clear understanding of how the cryptocurrency markets operate.

    What is the best place to buy Ontology?

    Our team here at Learn 2 Trade reviewed a wide range of platforms looking at aspects like licencing, fees, asset availability, deposit methods, useability and flexibility. Capital.com is regulated by the FCA, CySEC, ASIC, and NBRB. You can trade ONT tokens against US dollars, and also access hundreds of alternative markets without paying commission. The website is also super-easy to navigate, and the broker has a free app.

    Should I buy Ontology?

    ONT tokens saw an all-time low of $0.23, and a high of $10.92. As such, Ontology has certainly experienced some of the volatile price spikes needed to make gains in this sector. With that said, it is absolutely imperative that you perform your own research and grasp every element of how to buy Ontology before diving in,