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How to buy Ocean Protocol (OCEAN)
A beginner's guide to buying and selling OCEAN in the US.
How to buy Ocean Protocol
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Ocean Protocol.
- Open an account on an exchange that supports OCEAN.
Most exchanges require an email address, phone number and proof of ID to register.
- Deposit funds into your account.
Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Ocean Protocol.
- Buy Ocean Protocol.
Complete your Ocean Protocol purchase and then find the best wallet to store OCEAN.
What is Ocean Protocol?
Ocean Protocol is designed to allow anyone to devise their very own decentralized data marketplaces, where users can freely exchange their data with consumers, all while keeping an accurate tab of where their information is being transmitted (in real-time), who has previously gained access to the info and much more.
Thanks to its unique operational setup, the Ocean Protocol is looking to make data more freely available for the masses, potentially preventing the creation of data monopolies – much like what Facebook, Twitter and Google have done in recent times.
In this regard, the OCEAN token is used primarily as means of exchange within the ecosystem. For example, data providers are able to acquire the cryptocurrency every time their information is sold to someone or whenever third-party clients employ the information to run their AI algorithms.
Ocean Protocol (OCEAN) is the 129th largest cryptocurrency in the world by market cap, valued at $602,426,552. The current price of Ocean Protocol is $1.410, which is 0.066% lower than yesterday. Prices have ranged between $1.430 and $1.320 over the past 24 hours. All prices are listed in US dollars and accurate as of April 21, 2021 05:04 UTC.
Where to buy Ocean ProtocolFind 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.
Ocean Protocol coin priceUse our graph to track the performance of OCEAN over time.
Ocean Protocol at a glance
|Total OCEAN supply||613,099,141|
Ocean Protocol price performance over time
How to sell Ocean Protocol
You can cash out 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 sell it on.
- Place a sell order.
Choose the amount of OCEAN you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of Ocean Protocol.
What to consider when buying Ocean Protocol
- 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). 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. 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.
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