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How to buy Ocean Protocol (OCEAN) in the US

A beginner's guide to buying and selling OCEAN in the US.

Ocean Protocol
OCEAN- USD
DEFI
$0.44
+$0.0014 (+0.31%)
Avatar
Zak Killermann
Updated . What changed?
Fact checked

How to buy Ocean Protocol

Look for an exchange that supports both fiat and cryptocurrency to simplify buying Ocean Protocol.

  1. Open an account on an exchange that supports OCEAN.
    Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
  2. 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.
  3. Buy Ocean Protocol.
    Complete your Ocean Protocol purchase and then find the best wallet to store OCEAN.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What's in this guide?

  1. How to buy Ocean Protocol
  2. What is Ocean Protocol?
  3. Where to buy Ocean Protocol
  4. Ocean Protocol at a glance
  5. Price performance over time
  6. How to sell Ocean Protocol

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 201st largest cryptocurrency in the world by market cap, valued at $183,320,162. The current price of Ocean Protocol is $0.421223, which is 0.004% lower than yesterday. Prices have ranged between $0.438878 and $0.413377 over the past 24 hours. All prices are listed in US dollars and accurate as of July 28, 2021 05:07 UTC.

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.
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Gate.io Cryptocurrency Exchange
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

267
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in random tokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
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Ocean Protocol at a glance

Information last updated July 28, 2021 05:07 UTC.
Coin symbolOCEAN
Total OCEAN supply613,099,141
Circulating OCEAN434,026,837
Current priceUS$0.421223
All time high dateAugust 11, 2019
Notable team membersBruce Pon, Trent McConaghy
PartnershipsDaimler South East Asia, dexFreight, MOBI, Roche Diagnostics, Zühlke
IndustryDecentralized data exchange
Token usesUtility token
NetworkEthereum

Ocean Protocol price performance over time

Historical prices compared with the price of US$0.421223.

1 hour 0.66%
24 hours 0.00%
7 days -1.95%
14 days 0.97%
30 days 21.55%
60 days 0.75%
200 days 2.96%
1 year -30.13%

How to sell Ocean Protocol

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

  1. 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.
  2. Place a sell order.
    Choose the amount of OCEAN you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Ocean Protocol.

What to consider when buying Ocean Protocol

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.

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Ocean Protocol (OCEAN) in news

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

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