How To Buy Ontology (ONT): Beginner’s Guide

What if I tell you that there is a simple and easy way to buy Ontology (ONT) with credit card, Paypal or from any major bank accounts in almost any country you may be? Well, follow the simple instructions below on how to buy Ontology using all major fiat currencies such as USD, EUR, JPY, GBP, CAD, AUD, NZD or SGD.

buy othology

What is Ontology?

Ontology is a high performance public blockchain and distributed collaboration platform. It enables a decentralized network environment that solves key issues of identity security and data integrity. Data sharing and productive collaboration is maximized by assuring that users can trust one another. Ontology uses a dual token (ONT and ONG) model. ONT is a coin and can be used for staking in consensus, whereas ONG is a utility token used for on-chain services. ONT releases ONG periodically.

Why Buy Ontology?

Ontology describes itself as a provider of high-performance public blockchains, which includes distributed ledger and smart contract systems.

The Ontology blockchain framework reportedly supports public blockchain systems that can be customized for different applications. Ontology supports collaboration among chain networks with its various protocol groups.

Ontology aims to constantly provide common modules on the underlying infrastructure for different kinds of distributed scenarios, such as those for the distributed digital identity framework and distributed data exchange protocol. Ontology intends to continue developing new common modules based on specific scenario requirements.

Where To Buy Ontology?

You can buy, sell or trade Ontology on some exchanges only. However you can buy Bitcoin (BTC) and other major altcoins here. I will explain how to buy Ontology more below.

1. CoinBase

coinbase
  • Buy BTC, ETH, XRP and 100+ cryptocoins with credit card at CoinBase
  • Supports major currencies: USD, EUR, GBP, CAD, AUD and more
  • Available in 200 countries
 

2. Binance

binance
  • Buy BTC, BCH, ETH, EOS, LTC, NEO, XRP and more with credit card at Binance
  • Supports all major fiat currencies USD, EUR and more
  • Available in all major countries except USA
 

3. CoinSwitch

coinswitch
  • Buy BTC, ETH and 100+ cryptocoins with credit card at CoinSwitch
  • Supports USD, JPY, RUB, EUR and more
  • Available in all major countries
 

4. CoinMama

coinmama
  • Buy BTC, ETH, ETC, BCH, LTC, ADA,QTUM, XRP with credit card, cash or bank transfer (SEPA) at CoinMama
  • Supports USD, EUR, GBP and all currencies
  • Available in more than 180 countries
 

5. LocalBitcoins.com

localbitcoins
  • Buy BTC, ETH and many others with cash or wire transfer at LocalBitcoins.com
  • Supports USD, EUR, GBP and all currencies
  • Available in more than 200 countries except USA, China, Indonesia, Syria and North Korea
     

How To Buy Ontology with Credit Card, Paypal or Bank Account?

Before you can buy, you will need a secure cryptocurrency wallet so that you can store your newly purchased cryptocurrency. Recommended Ontology wallets are:

You can buy Ontology with cryptocurrency at Binance. Start by purchasing Bitcoin or Ethereum through CoinBase (Currently ETH offers a much lower transfer and exchange fee than Bitcoin.) Then swap it with Ontology cryptocurrency at Binance .

Step 1: Create an Account

Go to CoinBase to register a new account. However, you can also choose any other exchange listed above. Click Get Started and enter your name, email and password. If you already have an account, skip to Step 3.

coinbase create register sign up account

Step 2: Verify Your Account

Verify your email address to proceed. To prevent identity fraud or theft, you will need a photo ID to make sure it’s really you.

coinbase verify identity

Step 3: Buy Bitcoin (BTC) with Your Credit Card

Once verification is complete, click on the Accounts tab and click “Link a New Account” button to add your payment information.

coinbase link credit card

Click the Trade button and click the Buy tab. Choose your desired coin, enter the amount, and confirm your transaction in the second step. Bitcoin (BTC) is the most widely accepted at exchanges. You can also keep your Bitcoin here in CoinBase and let it appreciate hopefully and then sell or exchange to altcoins later.

coinbase buy bitcoin

Step 4: Sign Up at an Exchange

Now we need to send your Bitcoin cryptocurrency that you have just bought to an exchange where Ontology can be traded.

Go to Binance to set up your exchange account.

There are other alternative exchanges that also trade in Ontology

Step 5: Receive Bitcoin

Sign up an account and verify your account’s email. Once done, you can now transfer your Bitcoin from CoinBase into Binance. Obtain your account’s address and you will be shown your Bitcoin address you can send your cryptocurrency to.

Step 6: Send Bitcoin

Now go back to CoinBase and send the Bitcoin you have just purchased over to your new exchange account. Click on your Accounts tab and click the Send button. Enter the exchange address obtained above and the amount of Bitcoin.

coinbase send bitcoin

Please check and double check that the address is correctly entered. A mistake and you will send your Bitcoin to someone else’s account and you will never see it again.

 

Step 7: Confirm Transfer

Next head back to the exchange website Binance and confirm that you have received the Bitcoin. It can take anything from a few minutes to half an hour for it to show up. You should see it in the My Balance page once done.

Step 8: Buy Ontology

Once you have confirmed the Bitcoin is in, it is time to buy Ontology . You can check the prices of Ontology and other altcoins in the Summary price page.

Go to the Buy/Sell tab and enter your amount and click the Buy button. Once the order is fulfilled, you now have your shiny new Ontology in your account. Congratulations! Simple, wasn’t it.

You can either keep it in the exchange or send it to a secure wallet which is highly recommended. These wallets are highly recommended.

  • Trezor
  • Ledger
  • Exodus
  • Electrum

Hope this guide was helpful. Happy trading.

For more beginner’s guides on how to buy altcoins visit our guides.

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