The most common way to buy OriginTrail at the moment is with KuCoin, one of the largest cryptocurrency exchanges. In order to buy this cryptocurrency, you will first need a stablecoin or another cryptocurrency such as Bitcoin to be able to buy TRAC, but we will see this later.
We are going to focus first on how you can buy OriginTrail, since that is what the post is focused on, and if you want to learn more about the cryptocurrency, you can find information about this project later on.
OriginTrail is in one of the most popular cryptocurrency exchanges, and unlike other cryptocurrencies, you will not be able to buy it with fiat money, which is euros or dollars or any other currency. To be able to buy it, you will have to do it through cryptocurrencies, either bitcoin BTC, Ethereum ETH or USDT (Tether) as the main ways to buy TRAC. As you can see, in order to get your hands on this cryptocurrency, you’ll have to do a few steps more than with other more popular and easier to buy cryptocurrencies.
Where to buy OriginTrail
If you are interested in buying OriginTrail, currently OriginTrail is not found in many exchanges, being KuCoin the main and most relevant exchange to buy TRAC. I leave you with a video if you are not familiar with buying cryptocurrencies and the KuCoin exchange, so you can see step by step how to do it. It may seem complicated, but once you do it and understand, it’s really simple.
Platform: KuCoin
Min. Deposit: $30
License: Cysec
Very low commissions
Exchange with a wide variety of cryptocurrencies
The good part of using KuCoin is its wide variety of cryptocurrencies. So you will be able to use this platform to buy many of the cryptocurrencies that you may want to buy in the future. Besides being a secure platform and with a large number of customers, being one of the leading exchanges.
Now that we have quickly seen how to do it, let’s go with one more step-by-step guide so you don’t get lost.
Register
The first thing to do to buy TRAC is to register at the link here. You can register with a cell phone or email, whichever works best for you. They also have a mobile app, if it is more convenient for you than using KuCoin on your computer. The reality is that the mobile app goes faster and can be more intuitive than using the platform on your PC.
Buying coins with fiat money
Once you have your account with KuCoin, and you have filled in all the information in the KYC process, which is not necessary at the beginning but recommended so that you are not limited. You will have to make your first deposit. You will be able to choose different options, such as bank transfer, which takes a few days to get the money in your account or credit card which is immediate. Although the bank transfer is free of charge, and the credit card is. You can also transfer cryptocurrencies in your KuCoin wallet to avoid having to pay by credit card or bank transfer.
With your cryptocurrencies purchased, the best way to check that they are in your account is to go to Assets, and Main Account.
Transfer your cryptos to an Altcoin Exchange.
You can make a deposit of a cryptocurrency, in this case USDT. Simply copy your address to your other platform where you have USDT, and click transfer. This will save you from having to buy USDT or another cryptocurrency with your credit card or bank transfer and save on handling fees, depending on the form of deposit you make.
The best way is to buy USDT on Binance with your credit card, with only a 1.8% commission, and send the USDT you bought on Binance to KuCoin.
Platform: Binance
Min. deposit: $10
License: Cysec
Very low commissions
Exchange with more cryptocurrencies
If you want to buy or deposit euros, dollars or other currency in KuCoin, the commissions to pay by credit card and have it instantly are somewhat high, so if you want to buy OriginTrail without incurring higher commissions, use Binance to deposit your currency, in my case euros, go to the EUR/USDT pair and buy USDT.
With USDT, go to wallet, search for USDT (Tether) and click on withdraw. Here indicate the KuCoin wallet address of your USDT, and you can have USDT in your KuCoin account paying the lowest commissions.
This is only possible if you already use another platform and have the cryptocurrency there. If this is not your case, you will have to use the previous way to buy the cryptocurrency.
To buy TRAC, the best option is to buy USDT, but you can also buy Bitcoin. In case you choose Tether, you will have to go to market afterwards and select the TRAC/USDT currency. If you have decided to buy Bitcoin, it will simply change the TRAC/BTC currency. There is no difference in price nor is one better than the other, it simply depends on each person’s choice which cryptocurrency to buy first with euros dollars or another currency, in order to be able to buy OriginTrail.
Deposit BTC or USDT for exchange
Platform: Binance
Min. deposit: $10
License: Cysec
Very low commissions
Exchange with more cryptocurrencies
In some exchanges they will need more information, which is known as KYC, and it is simply to deliver the documentation they ask for, and it may take a few days to verify your account, since they have to make sure that it is really you. In the case of KuCoin, luckily, KYC is not necessary to make small movements, less than 5 BTC, so if you are not going to move large amounts, you can do so without having to wait for them to approve your KYC. Although the process is usually straightforward and easy to follow. Once you have it set up, you will have full access to your exchange wallet.
If this is the first time you make a deposit with a wallet, it can be complicated here, but it is actually simple. In the box on the right, you are going to see a string of random numbers that says “USDT address”, this is a unique public address of your Tether wallet, it is the same in case of Bitcoin. This wallet, or wallet, is only with respect to KuCoin. You can see it like when you make a deposit in euros or your currency on any platform.
Now simply go back to your exchange where you have your cryptocurrencies and you want to transfer them to KuCoin, go to the wallet and click on Bitcoin or Tether in your list of assets, then ‘Send’ on the right.
In the Recipient field, paste the wallet address into your clipboard, for security reasons you should always check if both addresses match. There is some computer malware that has been known to alter the contents of your clipboard to another wallet address and would essentially be sending funds to someone else.
Now click ‘Submit’ to proceed, you are going to receive a confirmation email instantly, click on the confirmation link in the email and your coins are on their way.
Check before you click that your wallet address is correct and there are no errors. It should take a short time, at most a few minutes or less. And see the notification in KuCoin and in the other exchange that you have sent the cryptocurrencies. Now you are ready to buy TRAC with your USDT or BTC.
Trading with TRAC
Go to markets, and select USDT if you are using Tether or BTC, in case you are using Bitcoin. Search for OriginTrail or “TRAC” in the search engine.
In the right column there is a search bar, now make sure “BTC” is selected as we are trading BTC to altcoin pair or USDT if you are using Tether. Click on it and type “TRAC”, you should see TRAC/BTC or TRAC/USDT, select that pair and you should see a TRAC/BTC price chart in the middle of the page.
Below is a box with a green button that says “Buy TRAC”, inside the box, choose the “Market” tab here as it is the most straightforward type of buy orders. You can type in your amount or choose how much of your BTC deposit you would like to spend on the purchase by clicking on the percentage buttons. When you have confirmed everything, click “Buy TRAC.” You already own this cryptocurrency.
Platform: KuCoin
Min. Deposit: $30
License: Cysec
Very low commissions
Exchange with a wide variety of cryptocurrencies
What is OriginTrail?
The world’s first decentralized knowledge graph
Organize your most important assets by making them discoverable and verifiable using the innovative decentralized network.
From data to assets
Organize, discover and verify anything from physical to digital assets such as supply chain items, art, diplomas, certificates, NFTs, DeFi and more.
The Decentralized Knowledge Graph enables the world’s data assets to be structured, linked, persistent and understandable.
The all-powerful Decentralized Knowledge Graph.
Permissionless Network
OriginTrail DKG runs on a permissionless network of 1000+ nodes globally that enables data discovery, connectivity and immutability.
Multichain
OriginTrail is a scalable and highly efficient network by employing a multichain approach running on Ethereum, xDai and Polygon with pending integration on Polkadot.
Interoperability
Supporting all critical global standards to drive interoperability and unlock more value from isolated data.
Privacy by design
Make your assets discoverable, verifiable and valuable while protecting your sensitive data at all times.
Things you can create, learn or execute
Build
Build your own solutions on top of OriginTrail DKG by following the extensive documentation and seamless integration with OriginTrail SDKs.
Case Studies
Learn more about existing solutions running on OriginTrail DKG that deliver tangible results to communities around the world.
Run a node
Join over 1000 nodes already supporting OriginTrail DKG by following a few simple steps, bet on TRAC and configure your OriginTrail node.
Build with Decentralized Knowledge Graph
Query and integrate asset data from any source with the power of standardized ontologies and verifiable integrity. Discover and analyze information from multiple blockchains and indexed data sources through the knowledge graph.
Publishing and querying data is fast and easy, allowing you to use core functionality in the design of your solution.
Platform: KuCoin
Min. Deposit: $30
License: Cysec
Very low commissions
Exchange with a wide variety of cryptocurrencies
