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How to buy Storj (STORJ) in the US
A beginner's guide to buying and selling STORJ in the US.
How to buy Storj
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Storj.
- Open an account on an exchange that supports STORJ.
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 Storj.
- Buy Storj.
Complete your Storj purchase and then find the best wallet to store STORJ.
What is Storj?
Storj is an alternative to cloud storage platforms, such as those offered by Amazon and Google. Instead of a centralized company owning and maintaining the system, Storj relies on software and a network of computers to manage its data storage.
According to Storj documentation, the platform aims to connect users looking for storage space with those that have extra hard drive space. With this peer-to-peer (P2P) cloud storage network, it can facilitate end-to-end transactions and it means that users do not need to rely on a trusted third party. By removing any intermediaries, it addresses concerns related to security, privacy and data control, which are commonly associated with traditional cloud storage systems.
STORJ is the native token of the Storj network and was built using the ERC-20 (Ethereum-based) standard. The STORJ token allows users to pay data providers on the network to store their files. Users can earn STORJ by selling excess storage capacity and bandwidth.
Storj (STORJ) is the 320th largest cryptocurrency in the world by market cap, valued at $180,685,757. The current price of Storj is $1.26, which is -0.014% lower than yesterday. Prices have ranged between $1.3 and $1.24 over the past 24 hours. All prices are listed in US dollars and accurate as of October 23, 2021 03:10 UTC.
Where to buy Storj
Find an exchange to buy, sell and trade STORJ by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Is it a good time to buy Storj?
The technical analysis gauge for Storj displays real-time ratings for the timeframes you select. This is not a recommendation to buy, sell or trade. It represents a technical analysis of Storj based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators based on the performance of Storj: moving averages, oscillators and pivots. Finder is not responsible for how STORJ performs.
Storj at a glance
|Total STORJ supply||424,999,998|
|Notable team members||Ben Golub, Shawn Wilkinson|
|Industry||Decentralized cloud storage|
|Token uses||Utility token|
Storj price performance over time
How to sell Storj
You can cash out your STORJ with the same exchange you bought it through:
- Sign in to the exchange you have STORJ on.
If you store your Storj in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of STORJ you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of Storj.
What to consider when buying StorjStorj uses a novel approach to tackle the issues associated with traditional cloud storage systems. However, investing in the platform and the token does not come without associated risks. Below are some factors to keep in mind before buying STORJ:
- Supply: The maximum supply of tokens is fixed at 425 million. Other than through a cryptocurrency exchange, STORJ tokens can only be acquired by storage providers and node operators that farm tokens on the network by lending or staking.
- Web3 infrastructure: Storj's network is built on the Ethereum blockchain and is compatible with decentralized Web3 applications. It allows users to remain in complete control of their own data via an automated secure system. This readiness for Web3 could place Storj in a stronger position compared to other data storage providers.
- Adoption: The demand for the STORJ token rests with the adoption of the Storj network. If market share cannot be captured from traditional data storage providers, this will ultimately devalue the STORJ token.
- Cost-efficient: The network operates Tardigrade, a developer tool that claims to be better than or equivalent to major cloud providers for reliability, durability, performance and security. The project also holds the potential to save businesses millions of dollars on cloud storage costs. Users of Tardigrade are incentivized to pay using STORJ tokens and are rewarded a bonus on any STORJ token deposit made by them. This helps users to cut down their cloud storage costs even further.
Coins similar to Storj (STORJ)
Storj (STORJ) in news
IOTA launches beta smart contracts; argues it’s not an ‘Ethereum killer’
XRP Lawsuit: Ripple appeals the Court to Disclose SEC’s in-camera review documents
CoinMarketCap hacker reportedly leaked 3.1 million user email addresses.
Disclaimer: Cryptocurrencies, including Storj, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of STORJ 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 Storj or any other cryptocurrency discussed.
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