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How to buy Everest (ID) in the US

Learn how to buy Everest (ID) easily by following a step-by-step guide and comparing 10+ crypto exchanges.

Where to buy Everest

It looks like ID may not be available to purchase on an exchange in the US.

You can still purchase ID by using a decentralized exchange (DEX) instead. Decentralized exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.

Decentralized exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralized exchanges first if you're unfamiliar.

How to purchase ID using a decentralized exchange.
  1. Find ID on a decentralized exchange and make sure Everest can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
  2. Buy ETH to trade for ID using an exchange like Gemini. You will need to purchase enough ETH to swap for ID as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
  3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
  4. Trade ETH for ID on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
  5. Wait for the transaction to finalize and the ID tokens will arrive in your wallet.
  6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the US.

What to consider when buying Everest

Cryptocurrency purchases can be extremely risky and, therefore, should be considered thoroughly. There are a number of factors to consider before investing in the ID token.
  • Adoption. EverID wants to reshape 20% of the global economy. The success of EverID’s impressive plans, therefore, hinges on the adoption of their services. A key goal of device-free identity verification is to provide those without access to the Internet or a computer the same economic opportunities as the rest of the world. However, considering ID tokens need to be used when providing these services, a significant uptake through governments, big businesses and society is necessary going forward.
  • Competition. Though EverID’s focus as a digital decentralised identifier (DID) is relatively unique, their overarching goal of providing global, accessible financial services to the population is a common theme in the cryptocurrency sphere. It was one of the motivators for blockchain technology being invented in the first place. Although perhaps ahead of the game, other digital identity solutions are starting to emerge in the industry, with the W3C aiming to standardise the process in 2021.
  • Availability. EverID aims to provide over 1 billion people access to their services. How the team develops the ID token’s accessibility will be pivotal to its success. As of July 2021, the coin is not widely available and cannot be purchased from major exchanges like Binance or Coinbase. The easiest way to purchase ID tokens is to trade them for another digital currency via a decentralised exchange like Uniswap.

How to sell Everest

You can cash out your ID with the same exchange you bought it through:

  1. Sign in to the exchange you have ID on.
    If you store your Everest in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of ID you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Everest.

Disclaimer: Cryptocurrencies, including Everest, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of ID 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 Everest or any other cryptocurrency discussed.

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