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How to buy ScPrime (SCP)

Learn how to buy ScPrime (SCP) in our step-by-step guide.

Where to buy ScPrime

Unfortunately, at this time no major exchanges in the US 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.

Best ScPrime wallets to store your SCP

You can keep your SCP 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 SCP below.
Read more

Ledger Nano X Wallet
★★★★★ 4.6

Price (USD)
$149
Supported assets
5,500+
Go to site

Trezor Model T Wallet
★★★★★ 4

Price (USD)
$219
Supported assets
1,456+
Go to site

SafePal S1 Wallet
★★★★★

Price (USD)
$49.99
Supported assets
30,000+
Go to site

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 ScPrime a good investment?

SCP is an integral part of the ScPrime decentralized cloud storage protocol. However, when it comes to altcoins, innovation does not guarantee returns, which is why it is extremely important to evaluate both the token and associated protocol. Here are a few factors to consider before investing in SCP:

  • Competition: ScPrime has entered a a competitive data storage market. Centralized storage providers such as Google, and Amazon hold the lions share of data storage capabilities. ScPrime will need to offer a product that is substantially cheaper and that is just as secure to stand a chance of capturing market share. The number of users will ultimately influence the demand for the native SCP token.
  • Providing storage:To provide data storage to the ScPrime network users are required to provide SCP tokens as collateral. The amount of collateral is determined by the contract between the storage provider and renter. Storage providers also require the necessary hardware. Although ScPrime offers a hardware unit known as a Xa-Miner, hardware requirements might be out of reach for some users. It is recommended within ScPrime documentation that only those that are willing to commit to several years of storage provision should consider becoming a Storage Provider within the network. While the Xa-Miner hardware lowers hardware requirements a user will need to be familiar with command code and be willing to stake significant amounts of SCP collateral.
  • Tokenomics: Upon launch, 300,000 SCP tokens were gifted to the original development team. Approximately 52,000 were sent to mining pool operators. 200,000 were kept for initial project expenses. 1.75 million were kept for the SCP Storage Provider program. 628,000 were allocated to exchange listings and the final 7.6 million were used during an initial airdrop. There is also no capped supply for the token. New tokens are rewarded to miners as each new block is added to the blockchain. This mining reward is set to decrease with time. After block 105,000, 10% of all project fees will be burned to reduce token inflation.
      • Read more

      Today's ScPrime price versus ATH

      Compare today's price of ScPrime ($0.121391 USD) against its all-time high (ATH) price of $3.47 on January 09, 2022. The closer the bar is to 100%, the closer SCP is to reaching its ATH again.

      Current price: $0.121391
      All time high: $3.47
      3%
      96%

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      1. Data by CoinGecko

      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.

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