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How to buy Band Protocol (BAND) in Hong Kong
Learn how to buy Band Protocol (BAND) on 10+ crypto exchanges in our step-by-step guide.
You can buy Band Protocol (BAND) on a cryptocurrency exchange like FTX. These specialised marketplaces that allow you to buy and sell cryptocurrencies, and work similar to stock trading platforms. The Band Protocol can be thought of as a digital oracle – a program that connects blockchain systems with real-world data. Here's how to buy Band Protocol.
How to buy Band Protocol in 4 easy steps
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
- Compare crypto exchangesThe easiest way to buy Band Protocol is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
- Create an account To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
- Make a depositOnce verified, you can deposit $ using the payment method that best suits you – credit card, wire transfer, silvergate exchange network (sen) and signature signet payments are widely accepted.
- Buy Band Protocol You can now exchange your funds for Band Protocol. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your Band Protocol to your personal wallet.
Where to buy Band Protocol in Hong Kong
Find an exchange to buy, sell and trade BAND by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
How do I find the best places to buy Band Protocol?
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Hong Kong to help you choose the one that's right for you.
Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
What will I need to buy Band Protocol?
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Band Protocol.
- This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
- Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing BAND with your local currency then you will need to pass KYC.
- Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.
Where can I buy Band Protocol with a credit or debit card?
Once you've created an account, you will need to deposit funds to buy BAND with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are popular deposit methods to buy BAND on the following exchanges:
- Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
- Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
- Cryptocurrency: You can usually purchase BAND by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for BAND on the spot market to see what cryptocurrencies it can be traded for.
What is the easiest way to buy Band Protocol?
The easiest way to buy BAND is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
Before buying BAND, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our Analysis tools to get an idea of how the price of Band Protocol has been performing recently.
Best Band Protocol wallets to store your BAND
You can keep your BAND on the exchange you purchased it on, or move it to a personal wallet:
- Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
- Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can learn more about wallets and compare them with our comprehensive guide.
Recent Band Protocol developments
October 2021: Nervos Network and Band Protocol have entered a partnership to improve the efficiency and scalability of DeFi ecosystems while simplifying the dApp development process.
Is Band Protocol a good investment?Below are the aspects you should consider before investing in BAND:
- Chain-agnostic: Band Protocol has been designed to be compatible with a wide array of blockchain networks, potentially spurring its value even further, especially as more and more dapps continue to be built outside of the Ethereum ecosystem.
- Mainstream use cases: At present, Band is used most widely within the crypto-finance sphere, with the platform currently working with a wide range of prominent data providers including Binance and CoinGecko. Furthermore, the protocol’s use cases are not limited to the finance sector. In the future, Band can potentially be employed in relation to a whole host of other domains including live scoring, weather tracking, esports data streaming and much more.
- Prominent partnerships and financial backing: The Band Protocol team has entered into a number of noteworthy partnerships over the last couple of years. For example, the platform has become a part of the OpenAPI Initiative in conjunction with mainstream tech giants such as Google and Microsoft. Also, back in 2019, Band was able to raise $3 million from a number of prominent venture capital firms, including Sequoia Capital. The same year, the company was able to raise an additional $5.85 million as part of its initial exchange offering (IEO).
- Limitations: Even though Band markets itself as being blockchain agnostic, its native blockchain ecosystem has been built atop Cosmos, a platform that has been dubbed as the “Internet of blockchains” since it allows for a high degree of cross-chain compatibility. Thus, it stands to reason that Band’s future success may largely be tied to Cosmos’s future adoption since the Ethereum oracle market is currently dominated by another project called Chainlink.
Additional information about Band Protocol can be found using our BAND analysis tools.
Today's Band Protocol price versus ATH
Compare today's price of Band Protocol ($1.51 USD) against its all-time-high price of $2019-11-25T05:49:22.765Z USD on 01 January 1970. The closer the bar is to 100%, the closer BAND is to reaching its ATH again.
ATH date: November 25, 2019
Band Protocol ATH: $22.83
How to trade, convert or sell Band ProtocolYou can convert or sell your BAND with the same exchange you bought it through:
- Sign in to the exchange you have BAND on.
- If you store your Band Protocol in a digital wallet, compare crypto exchanges to convert or sell it on.
- Choose Sell or Convert and place a sell order.
- Choose the amount of BAND you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of Band Protocol.
- Complete your transaction and move your BAND to a wallet for storage.
Disclaimer: Cryptocurrencies, including Band Protocol, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of BAND is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Band Protocol or any other cryptocurrency discussed.
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