
How to buy Status

1. Compare crypto exchanges
The easiest way to buy Status 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 – bank transfer, xfers, cryptocurrency and ideal payments are widely accepted.

4. Buy Status
You can now exchange your funds for Status. 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 Status to your personal wallet.
Where to buy Status in Singapore
Find an exchange to buy, sell and trade SNT 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 Status
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Status.
- Compare cryptocurrency exchanges that supports SNT.
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 Status. - Buy Status.
Complete your Status purchase and then find the best wallet to store SNT.
What to consider when buying Status
Cryptocurrencies are highly speculative assets, so it is important to perform due diligence before investing. If you’re thinking of buying SNT, remember to consider the following:
- dApp availability. A significant portion of the Status platform's use-case (and ensuing popularity) is determined by the dApps hosted on the network. The more high-profile applications available on Status, the more popular the platform is likely to be. You can keep up-to-date on the partnered dApps on the Status website. Anybody can register dApps on Status.
- Competition. Status is not only competing with smartphone-based IM services on the blockchain, but those on the regular web too. This includes Facebook Messenger, WeChat, WhatsApp, Kik and many others. Then, Status is also competing with app stores like the Google Play and iOS store, which also provide applications to a device. Not only do these companies have much greater brand recognition, they also have millions of apps available for download.
- Push notification payment. A key element of the Status ecosystem is reconfiguring how push notifications are stored and sent on a decentralised system. For a user to receive a decentralised push notification, they must either make a microtransaction or view an advertisement. This is a rather large hurdle to overcome, given that the vast majority of push notifications from centralised applications are free. This may significantly impact levels of adoption among regular social media users.
How to sell Status
You can cash out your SNT with the same exchange you bought it through:
- Sign in to the exchange you have SNT on.
If you store your Status in a digital wallet, compare crypto exchanges to sell it on. - Place a sell order.
Choose the amount of SNT you'd like to sell. - Complete your transaction.
Confirm the sell price and fees and close your sale of Status.
Disclaimer: Cryptocurrencies, including Status, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of SNT 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 Status or any other cryptocurrency discussed.
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