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How to buy PAID Network (PAID) in the US
A beginner's guide to buying and selling PAID in the US.
How to buy PAID Network
Look for an exchange that supports both fiat and cryptocurrency to simplify buying PAID Network.
- Open an account on an exchange that supports PAID.
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.
- 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 PAID Network.
- Buy PAID Network.
Complete your PAID Network purchase and then find the best wallet to store PAID.
What is PAID Network?
PAID Network is a platform allowing its users to create their own smart contracts. The project allows 2 users to craft their own bespoke smart contracts between one another for straightforward business arrangements, in the process avoiding the need for expensive legal advice and – should things go wrong – dispute resolution. PAID tokens are the fuel for the network, and are used for staking. In an interesting twist, holders who stake the token also gain the rights to be randomly selected as the parties who arbitrate in any dispute between the parties to a smart contract, with the selection done at random in proportion to holdings.
PAID Network (PAID) is the 593rd largest cryptocurrency in the world by market cap, valued at $54,108,849. The current price of PAID Network is $0.50189, which is -2.397% lower than yesterday. Prices have ranged between $0.514216 and $0.451843 over the past 24 hours. All prices are listed in US dollars and accurate as of October 15, 2021 07:10 UTC.
Where to buy PAID Network
Unfortunately, at this time no major exchanges in the United States 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.
PAID Network at a glance
|Total PAID supply||594,717,456|
|All time high||US$6.04|
|All time high date||April 11, 2021|
|Notable team members||Kyle Chasse|
|Partnerships||AllianceBlock, DAO Maker, PARSIQ|
|Token uses||Utility token|
PAID Network price performance over time
How to sell PAID Network
You can cash out your PAID with the same exchange you bought it through:
- Sign in to the exchange you have PAID on.
If you store your PAID Network in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of PAID you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of PAID Network.
What to consider when buying PAID NetworkPrior to investing in anything, it’s worth considering the major factors that can influence an asset’s price. In the case of PAID coins, there are a few things to think about:
- Security issues. In March 2021, hackers minted themselves 59.4 million PAID tokens with a value of US$166 million. Security is a perennial question for any crypto project, so this raises obvious questions about the project. According to Crypto Briefing, the team has "learned the lesson" on security, and has relaunched the token with new smart contracts restoring holders’ pre-hack balances.
- Project functions. The idea of PAID – a smart contract platform – is simple but it sits atop a sophisticated and thought-through offer that includes escrow and insurance services, as well as the dispute settlement mechanism mentioned above. Not only that, but lending is also supported, as well as decentralized coin offerings (DAICOs) and PAID’s own proprietary DEX.
- Adoption of smart contracts. PAID's primary offering is opening up smart contract creation to businesses that aren’t blockchain specialists. How many companies decide to turn to the blockchain and smart contracts for their spending will play a major role in the viability of PAID tokens as an investment.
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Disclaimer: Cryptocurrencies, including PAID Network, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of PAID 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 PAID Network or any other cryptocurrency discussed.
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