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How to buy Storj (STORJ) in New Zealand
Learn how to buy Storj (STORJ) on 21+ crypto exchanges in our step-by-step guide.
You can buy Storj (STORJ) on a cryptocurrency exchange like FTX. These specialised marketplaces that allow you to buy and sell cryptocurrencies, and work similar to stock trading platforms. Storj is an alternative to cloud storage platforms, such as those offered by Amazon and Google. Here's how to buy Storj.
How to buy Storj in 4 easy 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 Storj 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 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.
- Make a depositOnce verified, you can deposit $ using the payment method that best suits you – credit card, wire transfer, silvergate exchange network (sen) and signature signet payments are widely accepted.
- Buy Storj You can now exchange your funds for Storj. 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 Storj to your personal wallet.
Where to buy Storj in New Zealand
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.
How do I find the best places to buy Storj?
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 New Zealand 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 Storj?
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 Storj.
- 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 STORJ 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.
Where can I buy Storj with a credit or debit card?
Once you've created an account, you will need to deposit funds to buy STORJ with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are popular deposit methods to buy STORJ on the following exchanges:
- 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 STORJ by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for STORJ on the spot market to see what cryptocurrencies it can be traded for.
What is the easiest way to buy Storj?
The easiest way to buy STORJ 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.
Before buying STORJ, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our Analysis tools to get an idea of how the price of Storj has been performing recently.
Best Storj wallets to store your STORJ
You can keep your STORJ 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 learn more about wallets and compare them with our comprehensive guide.
Recent Storj developments
Is Storj a good investment?Storj 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 decentralised 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 incentivised 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.
Additional information about Storj can be found using our STORJ analysis tools.
Today's Storj price versus ATH
Compare today's price of Storj ($0.861567 USD) against its all-time-high price of $2020-03-13T02:29:53.872Z USD on 01 January 1970. The closer the bar is to 100%, the closer STORJ is to reaching its ATH again.
ATH date: March 13, 2020
Storj ATH: $3.81
How to trade, convert or sell StorjYou can convert or sell 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 convert or sell it on.
- Choose Sell or Convert and place a sell order.
- Choose the amount of STORJ you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of Storj.
- Complete your transaction and move your STORJ to a wallet for storage.
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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