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How to buy ShareToken (SHR) in the US
Learn how to buy ShareToken (SHR) easily by following a step-by-step guide and comparing 10+ crypto exchanges.
How to buy ShareToken
1. Compare crypto exchanges
The easiest way to buy ShareToken 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.
2. Create an account
To create an account on an exchange you will need to verify your email address and identity. Have some photo ID and your phone ready.
3. Make a deposit
Once verified, you can deposit $ using the payment method that best suits you – cryptocurrency, paypal, wire transfer and credit or debit card payments are all widely accepted.
4. Buy ShareToken
You can now exchange your funds for ShareToken. On easier-to-use exchanges, this is as easy as entering the amount you want to purchase and clicking buy. If you like you can now withdraw your ShareToken to your personal wallet.
Where to buy ShareToken
Find an exchange to buy, sell and trade SHR by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Steps on how to buy ShareToken
Look for an exchange that supports both fiat and cryptocurrency to simplify buying ShareToken.
- Compare cryptocurrency exchanges that supports SHR.
Cryptocurrency exchanges differ by fees, security and payment methods, so you'll need to research which is the right fit for you. As a beginner, you don't need a big range of features, and you can always change exchanges later.
- Create an account on an exchange.
You can sign up for an account by selecting the Go to site button. This will take you to the account creation page, where you can fill in your details, starting with your name and email address..
- 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 ShareToken.
- Buy ShareToken.
Complete your ShareToken purchase and then find the best wallet to store SHR.
What to consider when buying ShareTokenWhether utilising the ShareRing platform or purchasing SHR tokens as an investment, here are some key factors to consider:
- Supply. There are 3 billion tokens available for purchase – $38 million were sold to the public when the tokens were initially issued.
- Utility. SHR is used by providers to pay for their access to the ShareLedger blockchain. Use cases include adding assets, renting out assets, adding attributes and adding smart contracts.
- Transaction fees. Most transactions on the ShareRing platform will incur a small fee in SHR. The fee is designed to reduce over time as the demand for the SHR token increases.
- SHR v SHRP. SHR is the platform’s digital utility token. However, it will not be the only token associated with the ShareLedger blockchain. The second token, SHRP, will be a stablecoin used for the payment of third party assets, such as renting another user’s car or apartment.
How to sell ShareToken
You can cash out your SHR with the same exchange you bought it through:
- Sign in to the exchange you have SHR on.
If you store your ShareToken in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of SHR you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of ShareToken.
Disclaimer: Cryptocurrencies, including ShareToken, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of SHR 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 ShareToken or any other cryptocurrency discussed.
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