Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure
How to buy Position (POSI)
Learn how to buy Position (POSI) in our step-by-step guide.
Position (POSI) is in the top 1,000 cryptocurrencies by market cap, valued at $3,147,733.
Position is a highly volatile asset capable of major price swings in a single day. Today POSI is trading for $0.051828, which is slightly up from yesterday's trading price of $0.0522550913. Position's seen a decrease of -96% over the past year.
So before you buy Position, 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 use to buy Position.
How to buy Position 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.
Compare crypto exchangesThe easiest way to buy Position 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.
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.
Make a depositOnce verified, you can deposit using the payment method that best suits you – bank transfer, credit card, cryptocurrency and debit card payments are widely accepted.
Buy PositionYou can now exchange your funds for Position. 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 Position to your personal wallet.
Where to buy Position
Find an exchange to buy, sell and trade POSI by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
How we keep this Position guide up-to-date
- POSI price data is regularly updated through data feeds so you always have the latest information.
- Position performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.
- Key information on coins and how to buy them is regularly reviewed by our editorial team of James Edwards, Frank Corva and Billy Endres.
- Our coin coverage and exchange information is regularly reviewed by our publishing experts Louise Vinciguerra and Molly Wiltshire-Bridle.
How do I find the best places to buy Position?
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 Position?
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 Position.
- 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 POSI 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 Position?
Once you've created an account, you will need to deposit funds to buy POSI 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 POSI:
- 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 POSI by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for POSI on the spot market to see what cryptocurrencies it can be traded for.
What is the easiest way to buy Position?
The easiest way to buy POSI 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 Position wallets to store your POSI
You can keep your POSI 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 POSI below.
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 Position a good investment?
As with any investment, it is vital you understand the risks and potential upside of the asset before making any financial decision. With regards to ICE, here are a few things to consider:
- Fully on-chain orderbook: The creation of an on-chain, high speed, low fee order book for derivatives trading could be extremely attractive for traders looking to leverage the security of blockchain technology. The Position Exchange would also not require any KYC documentation like traditional orderbook exchanges. As long as there is no disruption to trading activity, the Position Exchange could provide a suitable alternative to many traders within the industry.
- Deflationary token mechanisms: To encourage POSI adoption and price stability, the Position Exchange has implemented several deflationary mechanisms. These include a harvest lock-up period that prevents farming arbitrage bots from dumping tokens, and a buyback and burn mechanism which involves 100% of all derivative trading fees being used to purchase the POSI token from the market.
- Token distribution: The POSI token supply is capped at 100 million tokens. Of that 100 million, 80 million were kept for community allocation through either staking or farming rewards, 10 million were kept for the team and advisors, 5 million were allocated for public sales, 4 million were held for liquidity, and 1 million were allocated to airdrops. To distribute the 80 million tokens allocated to the community, 5 POSI tokens are released during every new block of the Binance Smart Chain blockchain.
Today's Position price versus ATH
Compare today's price of Position ($0.051828 USD) against its all-time high (ATH) price of $7.85 on September 06, 2021. The closer the bar is to 100%, the closer POSI is to reaching its ATH again.
How do I trade, convert or sell Position?You can convert or sell your POSI with the same exchange you bought it through:
- Sign in to the exchange you have POSI on.
- If you store your Position 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 POSI you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of Position.
- Complete your transaction and move your POSI to a wallet for storage.
Get started with crypto
Crypto exchanges and wallets
Learn 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.
More guides on Finder
How to buy FTX (FTT)
This guide provides step-by-step instructions on how to buy FTX, lists some exchanges where you can get it and provides daily price data on FTT.
How to buy Sushi (SUSHI)
This guide provides step-by-step instructions on how to buy Sushi, lists some exchanges where you can get it and provides daily price data on SUSHI.
How to buy UMA (UMA)
This guide provides step-by-step instructions on how to buy UMA, lists some exchanges where you can get it and provides daily price data on UMA.
How to buy Maker (MKR)
This guide provides step-by-step instructions on how to buy Maker, lists some exchanges where you can get it and provides daily price data on MKR.
How to buy Serum (SRM)
This guide provides step-by-step instructions on how to buy Serum, lists some exchanges where you can get it and provides daily price data on SRM.
How to buy Reserve Rights (RSR)
This guide provides step-by-step instructions on how to buy Reserve Rights, lists some exchanges where you can get it and provides daily price data on RSR.
How to buy Alpha Venture DAO (ALPHA)
This guide provides step-by-step instructions on how to buy Alpha Venture DAO, lists some exchanges where you can get it and provides daily price data on ALPHA.
How to buy Nexus Mutual (NXM)
This guide provides step-by-step instructions on how to buy Nexus Mutual, lists some exchanges where you can get it and provides daily price data on NXM.
How to buy Voyager VGX (VGX)
This guide provides step-by-step instructions on how to buy Voyager VGX, lists some exchanges where you can get it and provides daily price data on VGX.
How to buy Curve DAO (CRV)
This guide provides step-by-step instructions on how to buy Curve DAO, lists some exchanges where you can get it and provides daily price data on CRV.
Ask an Expert