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How to buy Groestlcoin (GRS)

Learn how to buy Groestlcoin (GRS) in our step-by-step guide.

Where to buy Groestlcoin

Unfortunately, at this time no major exchanges in the US offer this coin. However, you may be able to purchase it with another cryptocurrency, just be sure you're following all legal restrictions and requirements.

Consider buying a different cryptocurrency after comparing popular exchanges.

Best Groestlcoin wallets to store your GRS

You can keep your GRS 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 take a look at some of our top hardware wallet picks for self-custody of your GRS below.
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Ledger Nano X Wallet
★★★★★ 4.6

Price (USD)
$149
Supported assets
5,500+
Go to site

Trezor Model T Wallet
★★★★★ 4

Price (USD)
$219
Supported assets
1,456+
Go to site

SafePal S1 Wallet
★★★★★

Price (USD)
$49.99
Supported assets
30,000+
Go to site

Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

Is Groestlcoin a good investment?

As with buying any cryptocurrency, when buying Groestlcoin you should be aware that cryptocurrencies are speculative and prices are unpredictable. In particular, you might also want to consider the following when deciding to buy Groestlcoin:

  • Proof-of-Work: As blockchain technology has advanced, decentralized finance and cryptocurrencies are trending away from PoW consensus mechanisms. Reasons for this include negative environmental impact, issues with centralisation and the potential for 51% attacks. It is worth diving into PoW and its viable alternatives to determine if this algorithm can evolve with the blockchain ecosystem. If PoW continues falling in popularity, it is likely that GRS will lose its market share to other, newer cryptocurrencies.
  • Competition: ASIC-resistant cryptocurrencies trying to improve on Bitcoin aren’t a particularly novel concept in the blockchain sphere. Developers have long recognised the centralisation issues Bitcoin has encountered with specialized, expensive mining farms controlling the vast majority of the blockchain. For Groestlcoin to succeed, it will need to ward off competitors such as Ravencoin, Monero and Ethereum Classic. It’s also worth noting that companies have still created ASICs for mining GRS, although it is a more difficult process than for mining Bitcoin.
  • Transaction time: Groestlcoin has a much shorter block period compared to Bitcoin, requiring an average time of only one minute (as opposed to Bitcoin’s ten). This enhanced transaction time provides merchants with an appealing alternative to BTC. As a result, there is a maximum supply of 105 million GRS, which is approximately 5 times the supply of BTC.
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Today's Groestlcoin price versus ATH

Compare today's price of Groestlcoin ($0.422972 USD) against its all-time high (ATH) price of $2.74 on April 09, 2021. The closer the bar is to 100%, the closer GRS is to reaching its ATH again.

Current price: $0.422972
All time high: $2.74
15%
84%

Similar assets

Bitcoin

Bitcoin

$27,861.00

+$181.53 (0.66%)

Ethereum

Ethereum

$1,758.13

-$4.97 (-0.28%)

Tether

Tether

$1.00

-$0.01 (-0.62%)

BNB

BNB

$327.92

+$1.92 (0.59%)

USD Coin

USD Coin

$1.00

-$0.01 (-0.55%)
  1. Data by CoinGecko

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance 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 cryptocurrencies discussed.

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