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How to buy Ocean Protocol (OCEAN)
Learn how to buy Ocean Protocol (OCEAN) in our step-by-step guide.
Ocean Protocol (OCEAN) is in the top 1,000 cryptocurrencies by market cap, valued at $137,455,835.
Ocean Protocol is a highly volatile asset capable of major price swings in a single day. Today OCEAN is trading for $0.316769, which is slightly down from yesterday's trading price of $0.3186787782. Ocean Protocol's seen an increase of 106% over the past year.
So before you buy Ocean Protocol, make sure you understand these unique risks as well as its legal, regulatory and tax status here in the US.
If you're ready to get started, read on for step-by-step instructions and a list of platforms you can buy Ocean Protocol.
How to buy Ocean Protocol in 4 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.
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Compare crypto exchangesThe easiest way to buy Ocean 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.
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Create an accountTo create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
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Make a depositOnce verified, you can deposit USD using the payment method that best suits you – cryptocurrency, card and bank payments are widely accepted.
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Buy Ocean ProtocolYou can now exchange your funds for Ocean 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 Ocean Protocol to your personal wallet.
Where to buy Ocean Protocol
Find an exchange to buy, sell and trade OCEAN by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
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How we keep this Ocean Protocol guide up-to-date
- OCEAN price data is regularly updated through data feeds so you always have the latest information.
- Ocean Protocol performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.
How do I find the best places to buy Ocean 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 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 Ocean 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 Ocean 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 OCEAN 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.
What are the best ways to buy Ocean Protocol?
Once you've created an account, you will need to deposit funds to buy OCEAN with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to to buy OCEAN:
- 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 OCEAN by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for OCEAN on the spot market to see what cryptocurrencies it can be traded for.
What is the easiest way to buy Ocean Protocol?
The easiest way to buy OCEAN 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.
Best Ocean Protocol wallets to store your OCEAN
You can keep your OCEAN 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 OCEAN below.
Ledger Nano X Wallet
★★★★★ 4.6
Price (USD)
$149
Supported assets
5,500+
Trezor Model T Wallet
★★★★★ 4
Price (USD)
$219
Supported assets
1,456+
SafePal S1 Wallet
★★★★★ 4
Price (USD)
$49.99
Supported assets
30,000+
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 Ocean Protocol a good investment?
Below are the aspects you should consider before investing in OCEAN:- Unique operational model: Though Ocean provides users with direct access to a wide array of data, the information being exchanged across the platform’s various marketplaces is not stored on the protocol itself. Instead, the original data owner retains complete control of their info and is basically free to share it with any third-party user once he/she has fulfilled certain conditions (i.e. made the required payment, etc.).
- The Ocean Data Platform: This is one of the core components of the Ocean ecosystem. Using this platform, owners are able to facilitate a wide range of data access-related activities (i.e. who gets to view, use the information). Not only that, the platform also comes replete with a number of useful tools (smart contracts, SDKs) that individuals can make use of in order to set up their personal marketplaces.
- Successful use cases: The Ocean Protocol has been used quite successfully in various mainstream settings in recent times. For example, back in 2019, sgCarMart integrated Ocean Protocol into its existing marketplace for buying and selling used cars. Thanks to this integration, buyers are now able to gain access to a wide range of accurate, verifiable data on their second-hand car purchases – for example, detailed reports on prior mechanical issues, historical ownership data, etc. Not only that, in 2020, Ocean concluded a proof-of-concept with German automotive giant Daimler, essentially showcasing a variety of different ways that the company could use its protocol to share its data as well as supply chain info in a highly secure manner.
Today's Ocean Protocol price versus ATH
Compare today's price of Ocean Protocol ($0.316769 USD) against its all-time high (ATH) price of $1.93 on April 10, 2021. The closer the bar is to 100%, the closer OCEAN is to reaching its ATH again.
Current price: $0.316769
All time high: $1.93
How do I trade, convert or sell Ocean Protocol?
You can convert or sell your OCEAN with the same exchange you bought it through:- Sign in to the exchange you have OCEAN on.
- If you store your Ocean 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 OCEAN you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of Ocean Protocol.
- Complete your transaction and move your OCEAN to a wallet for storage.
How to buy other cryptos
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.
Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.
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