How to buy SPACE ID (ID)
If you’re interested in purchasing SPACE ID (ID), this helpful step-by-step guide will show you how. We’ll walk you through the process so you can learn how to buy SPACE ID (ID) with ease. Whether you’re new to cryptocurrency or just looking to expand your portfolio, this guide can provide you with the information you need to get started. So why not give it a try and learn how to buy SPACE ID (ID) today?
Step 1: Create an account on an exchange that supports SPACE ID (ID)
First, you will need to open an account on a cryptocurrency exchange that supports SPACE ID (ID).
We recommend the following based on functionality, reputation, security, support and fees:
1
Binance
Fees (Maker/Taker) 0.075%*-0.1%*
Cryptocurrencies
Available for Trade 500+
Sign-up bonus
10% reduced trading fees*
Available in
Europe, Asia, Oceania, Africa
2
MEXC
Fees (Maker/Taker) 0.2%*-0.2%*
Cryptocurrencies
Available for Trade 1500+
Sign-up bonus
10% reduced trading fees & up to $170 in USDT vouchers*
Available in
North America, South America, Europe, Asia, Oceania, Africa
3
Gate.io
Fees (Maker/Taker) 0.2%*-0.2%*
Cryptocurrencies
Available for Trade 1000+
Sign-up bonus
Up to $100 in USDT vouchers*
Available in
Europe, Asia, Oceania, Africa
When you’re signing up for a cryptocurrency exchange, you’ll typically need to provide some basic information. This might include your email address, password, and full name. Depending on the exchange, you may also be asked for additional details like your phone number or address.
It’s worth noting that some exchanges have more stringent requirements, such as a “Know Your Customer” (KYC) procedure. This is typically the case with licensed and regulated exchanges. KYC procedures help ensure that exchanges comply with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. If you’re required to complete a KYC procedure, you’ll typically be asked to provide additional information, such as a government-issued ID or proof of address.
Step 2: Deposit funds into your account
When buying SPACE ID (ID) on a cryptocurrency exchange, many of them allow you to use fiat currencies like EUR, USD, and AUD to make your purchase directly. To do this, you’ll need to fund your account with one of several deposit methods, including credit and debit cards, e-wallets, and direct bank transfers. If this is not an option on the cryptocurrency exchange that you have chosen, then simply move onto the next step in this guide.
It’s important to note that different payment methods may have varying fees associated with them. For example, credit card payments may have higher fees than other options. To avoid paying unnecessary costs, it’s a good idea to research the fees for each payment method before funding your account.
Step 3: Buy SPACE ID (ID)
Buying SPACE ID (ID) on a cryptocurrency exchange is a simple process. Look for the search bar or navigation menu and search for SPACE ID (ID) or SPACE ID (ID) trading pairs. Next, find the section that allows you to buy SPACE ID (ID). Enter the amount of cryptocurrency you want to spend or the amount of fiat currency you want to use to buy SPACE ID (ID). The exchange will calculate the equivalent amount of SPACE ID (ID) based on the current market rate.
Before confirming your purchase, always double-check the transaction details, such as the amount of SPACE ID (ID) you’ll receive and the total cost of the purchase. Additionally, some exchanges offer a proprietary software wallet to store your SPACE ID (ID), but you can also create your own software wallet or purchase a hardware wallet for the highest level of protection.
How to create a Binance account
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Step 1: Go to the Binance website.
Step 2: On the registration page, enter your email address, and create a password for your account.
Then, read and agree to the Terms of Service and click “Create Account”.
Note: Your password must be a combination of numbers and letters.
It should contain at least 8 characters, one UPPER CASE letter, and one number.
Step 3: Complete the Security Verification.
Step 4: The system will send a verification code to your email. The verification code is valid for 30 minutes. If you can’t find the email in your inbox, check your other mail folders as well, or click “Resend Email” to resend.
How to complete KYC (ID Verification) on Binance
Step 1: Log in to your Binance account and click “User Center” and then “Identification”.
Step 2: click “Start Now” to verify your account.
Step 3: Select your country of residence.
Ensure that your country of residence is consistent with your ID documents.
Step 5: Enter your personal information and click “Continue.”
You won’t be able to change it once confirmed.
Refer to the respective options offered for your country.
Step 7: Follow the instructions to upload photos of your document. Your photos should clearly show the full ID document.
Do not wear hats, glasses, or use filters, and make sure that the lighting is sufficient.
Once your application has been verified, you will receive an email notification.
How to buy cryptocurrency on Binance
Step 1: Log in to your Binance account and click “Buy Crypto” and then “Credit/Debit Card”.
Step 2: Here you can choose to buy crypto with different fiat currencies. Enter the fiat amount you want to spend and the system will automatically display the amount of crypto you can get. When you have selected the amount you wish to spend then press “Continue”.
Note: You might not be able to purchase every cryptocurrency directly using fiat, if you’re looking to purchase something that isn’t offered in the currency list on this page, then you will want to purchase USDT. We will then show you how to exchange that on the spot-market for the cryptocurrency that you want in the next section of this guide.
Step 3: Click “Add New Card”. Then enter your credit card details and your billing address.
Step 4: Check the payment details and confirm your order within 1 minute. After 1 minute, the price and the amount of crypto you will get will be recalculated. You can click “Refresh” to see the latest market price. You will then be redirected to your bank’s OTP Transaction Page. Follow the on-screen instructions to verify the payment.
How to Conduct Spot Trading on Binance
Step 1: Log in to your Binance account.
Click on “Classic” under “Trade” on the top navigation bar.
Step 2: Search and enter the cryptocurrency you want to trade.
Step 3: Set buying/selling prices and buying/selling amount (or exchange total). Then click on “Buy”/”Sell”.
(Note: The percentages under the “Amount” box refer to percentages of the total account balance.)
Step 4: If you don’t want to set a manual price, you can place a “Market Order” to set the buying/selling price automatically.
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If you’re looking for more detailed instructions on buying cryptocurrency, our “Absolute Beginner’s Guide to Cryptocurrency Investing” can take you through the process step-by-step. This guide also covers how to send and receive cryptocurrency.
If you’re brand new to the world of cryptocurrency, don’t worry! We offer beginner, intermediate, and advanced level articles to help you get up to speed with everything you need to know. These articles cover a wide range of topics, so whether you’re just starting out or looking to expand your knowledge, we’ve got you covered. With our resources, you can confidently navigate the cryptocurrency space and make informed investment decisions.
What is SPACE ID (ID)?
In today’s rapidly evolving digital landscape, SPACE ID is revolutionizing the way we manage our web3 identities by developing a universal name service network. This one-stop identity platform is designed to streamline the process of discovering, registering, trading, and managing web3 domains across various blockchains. With its comprehensive Web3 Name SDK & API for developers, SPACE ID aims to create an accessible, user-friendly multi-chain name service that simplifies the establishment and management of web3 identities for all.
Embracing Decentralized Identities in the Web3 Era
As the world increasingly adopts web3 technologies, decentralized identities have become an integral aspect of establishing a strong online presence. A growing number of domain name providers have emerged, leading to users owning multiple identities across various platforms. However, this can lead to frustration when trying to search, register, and manage these domains. Traditional NFT marketplaces are not tailored for trading domain NFTs, further complicating the process.
SPACE ID 2.0 eliminates these pain points by offering a unified web3 domain and identity platform, allowing users to discover, register, trade, and manage their web3 domains with ease. The platform also features a web3 name SDK & API that developers can utilize across blockchains, providing a seamless multi-chain name service for building and creating web3 identities.
One-Stop Web3 Domain & Identity Platform
The SPACE ID platform offers a centralized solution for managing all aspects of your web3 domains, eliminating the need for multiple products and services. Users can now easily discover, register, trade, and manage their web3 domains in one integrated environment:
- Discover: A central hub for users to search for desired names across all supported TLDs, discover trending domain collections, and utilize features such as auto-suggest and quick domain registration status checks.
- Register: Users can register web3 domains on the SPACE ID Mainnet, with initial support for .bnb and .eth domains.
- Trade: A dedicated marketplace for trading web3 domains, aggregating liquidity from other marketplaces, such as OpenSea.
- Manage: A single, integrated portal for managing the renewal, record, and ownership of all your web3 domains.
Expanding Multi-Chain Name Service
Having already introduced the .bnb Name Service on BNB Chain and amassed a community of 168,000 unique domain holders within six months, SPACE ID continues to innovate by expanding its multi-chain name service offerings. The upcoming SPACE ID 2.0 will focus on supporting additional TLDs and blockchains, including new TLDs launched by the SPACE ID team and potential collaborations with other domain providers.
In pursuit of its vision, SPACE ID has established relationships with numerous industry partners across various blockchains, positioning itself for exponential ecosystem growth in the near future.
Web3 Name SDK & API: Streamlining Integration for Developers
SPACE ID’s Web3 Name SDK & API is designed to be an all-inclusive solution for web3 dApps, simplifying integration while eliminating the need for developers to work with multiple protocols. This streamlined approach saves time and reduces the risk of compatibility issues.
The upgraded Web3 Name SDK in SPACE ID 2.0 offers enhanced functionality, empowering communities and partners to grow and better engage with users through custom domain names. The all-in-one API built atop the SDK provides a comprehensive platform for integrating web3 services into any application. With improved versatility, scalability, and a future-proof design, the Web3 Name SDK & API is poised to become a game-changer in the web3 era. Over 100 integrated and future partners can now leverage this single Web3 Name SDK to access all naming data owned by users, simplifying the development process.
SPACE ID Vision: Pioneering the Universal Name Service
The driving force behind SPACE ID is the vision of a universal name service network that seamlessly connects decentralized identities with the physical and digital worlds. To achieve this, SPACE ID is dedicated to finding solutions to the challenges faced by current domain services. The present iteration of SPACE ID already represents a significant step towards realizing this vision, serving as a solid foundation for future advancements in the web3 identity space.
While the journey towards becoming an all-in-one universal digital identity solution is challenging, SPACE ID is committed to making steady progress with each new development. By continuously refining and expanding its offerings, SPACE ID aims to revolutionize the way we manage web3 identities, creating a more connected and accessible digital landscape for all.
Introducing the SPACE ID Governance Token: ID
We are delighted to announce the launch of the SPACE ID governance token, known as the ID token. This revolutionary token will be publicly released on the Binance Launchpad, with the preparation period commencing on March 17th, 2023, at 00:00 UTC. Token distribution is set to begin on March 22nd, 2023, at 10:00 UTC.
The Significance of the ID Token
The ID token serves a crucial function within the SPACE ID ecosystem, acting as the governance token for the project. By allowing users to participate in decision-making processes, the ID token enables the SPACE ID community to actively shape the platform’s future. The token’s role is instrumental in fostering growth and sustainability within the ecosystem while incentivizing user engagement and contribution to the project’s success. The launch of the ID token positions SPACE ID as a frontrunner in the Web3 industry, offering users a comprehensive platform to manage their digital identities.
Key Functions of the ID Token
As the native token of the SPACE ID ecosystem, the ID token provides a range of benefits and functionalities, including:
- Staking: Stake ID tokens to receive discounts on trading fees within the SPACE ID domain NFT marketplace and enjoy Web3 domain registration discounts on SPACE ID.
- Payments: Use ID tokens as a form of payment within the SPACE ID ecosystem and for Web3 Name SDK Integration.
- Governance: ID token holders can participate in and vote on SPACE ID DAO proposals.
The ID token contract address is 0x2dfF88A56767223A5529eA5960Da7A3F5f766406 and is available on both Ethereum (id.spaceid.eth, add to Metamask) and BNB Chain (id.bnb, add to Metamask). Please note that you should not transfer any assets to the token smart contract address.
Token Distribution Details
The total supply of ID tokens is 2,000,000,000, with the initial distribution set as follows:
- Binance Launchpad Release: The ID token will be available for public subscription on the Binance Launchpad, with trading commencing shortly after. This gives the community the opportunity to buy, sell, and trade ID tokens on one of the most reputable exchanges in the industry. 5% of the total supply is allocated to Binance Launchpad participants.
- Early Adopters Airdrop: A total allocation of 47,600,000 ID tokens (approximately 2.38% of the total ID token supply and 23.8% of the Airdrop pool, which is 10% of the total supply) is available for claiming by early adopters and ecosystem contributors.
- Eligible Users: Roughly 271,000 addresses holding a .bnb or .arb domain at snapshot time.
- Snapshot Time: March 10th, 2 PM UTC (BNB Chain block number 26345570 and Arbitrum One block number 68550223).
- The remaining Airdrop allocation is reserved for contributors in future campaigns and will be released gradually. To check your eligibility and claimable amount, visit space.id/voyage now. The claiming process will be live from March 22nd to April 22nd, 2023, on BNB Chain. After this one-month window, any unclaimed tokens will return to the airdrop pool for future rewards.
Eligibility Criteria for Early Adopter Airdrop
- The retroactive airdrop eligibility is determined per address, not per domain name. Each eligible address (holding a .bnb or .arb domain at snapshot time) can claim ID tokens airdrop. The claimable amount is calculated based on several factors, including:
- Holding days: For addresses holding multiple domains, only the domain with the longest holding days is considered.
- Days to expiry: For addresses holding multiple domains, only the domain with the longest days to expiry is considered.
- Valid primary name (.bnb or .arb)
- Voyage: Prime NFT, Legacy NFT, and Awakening NFT ownership
- Number of other OATs held (issued by SPACE ID on Galxe)
- Holding a 3/4/5(+) character .bnb or .arb domain
- Holding both .bnb and .arb domains
- For more details on airdrop calculations and the address list, visit https://github.com/Space-ID/airdrop-season1.
How to Claim Your Retroactive Early Adopter Airdrop
- To see your achievements and claimable amount, visit space.id/voyage and click on Voyage Season 1. Claiming will be live on March 22nd, coinciding with the token listing time.
- Airdrop Allocation to SPACE ID Ecosystem Contributors
- 200,000 ID tokens will be distributed to Steven Lei, an exceptional developer and contributor, who developed a range of applications to support the community, including Domain Explorer, bnb.me, bnb.fam, and more.
- 200,000 ID tokens will be allocated to Space Auroras, Space Novas, and Cosmic Astras for their invaluable assistance in our Discord.
- Additional ID tokens will be distributed to over 100 integration partners, who have significantly contributed to the adoption of SPACE ID domains.
Discover More ID Tokens in Voyage Season 2
If you missed the snapshot time for the retroactive Early Adopter Airdrop, don’t worry! All .bnb/.arb registrations after the snapshot will be counted in Voyage Season 2 – Calling. The remaining airdrop allocation is reserved for Voyage Season 2 and future campaigns.
SPACE ID development updates in 2023
In 2023, SPACE ID (ID), a pioneering name service protocol in the Web3 ecosystem, introduced several significant updates and enhancements:
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Launch of SPACE ID 3.0: SPACE ID announced the launch of SPACE ID 3.0, a major upgrade aimed at empowering Web3 communities to create their own Top-Level-Domains (TLDs). This development is seen as a revolutionary step in the world of Web3 domains, offering innovative features and tools that redefine community and developer interactions with Web3 domains.
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One-Stop Domain Issuance Toolkit: SPACE ID 3.0 introduced a One-Stop Domain Issuance Toolkit, simplifying the process of creating Web3 domains. This user-friendly toolkit allows users to provide essential details, parameters, and media files through a simple form, making domain creation more accessible.
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Built-in NFT Marketplace: The upgrade includes a built-in NFT marketplace, enhancing the functionality and appeal of SPACE ID’s platform.
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Customizable Top-Level Domain (TLD) Feature: SPACE ID now allows users to create unique TLDs, an important feature for branding and establishing an identity within the Web3 space. This customizable TLD feature is aimed at helping organizations and individuals create a distinct online presence.
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Integration of Web3 Name SDK and API: SPACE ID provides a software development kit (SDK) and an application programming interface (API) for easier integration of Web3 identity and domain management into various applications and services.
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ID Token and Its Roles: The ID token serves as a governance token within the SPACE ID platform, playing a critical role in decision-making processes. The token distribution was facilitated through Binance Launchpad, emphasizing its importance in the SPACE ID ecosystem. ID token holders can stake their tokens to receive benefits like reduced trading fees on the SPACE ID Domain NFT Marketplace and discounts on Web3 domain registrations.
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Multi-Chain Name Service Network: SPACE ID is building a universal name service network, providing a one-stop identity platform to discover, register, trade, and manage Web3 domains across blockchains.
These updates position SPACE ID as a significant innovator in the Web3 domain space, offering user-friendly and customizable solutions for digital identity management and domain services.
Official website: https://space.id/
Best cryptocurrency wallet for SPACE ID (ID)
Navigating the world of cryptocurrency wallets can be quite an adventure, as there are numerous options available to suit different needs. To find the perfect wallet for you, consider your trading habits and the level of security you require. Generally, there are two main categories of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical).
Each type of wallet comes with its own set of advantages and drawbacks, so there isn’t necessarily a one-size-fits-all solution. As you embark on your journey to find the best crypto wallet for your SPACE ID (ID) tokens, remember to keep an open mind and explore the features that align with your personal preferences and requirements.
When choosing the right wallet for your SPACE ID (ID) tokens, consider the following factors:
- Trading frequency: Hot wallets are generally more suitable for active traders due to their quick login capabilities, allowing for seamless buying and selling of crypto. Cold wallets, on the other hand, are better suited for those who make less frequent trades.
- Supported cryptocurrencies: Although not all wallets cater to every cryptocurrency, some of the best ones can trade a vast array of currencies, offering a versatile experience. Make sure the wallet you choose supports SPACE ID (ID).
- Security concerns: If you’re worried about potential hacking incidents, a physical cold wallet stored in a safe deposit box or a secure location at home provides the highest level of protection. However, if you’re confident in safeguarding your hot wallet, you might prefer its convenience.
- Associated costs: Investigate the costs of each wallet option. While many hot wallets are free to set up, cold wallets, being hardware devices, will require an upfront investment.
- Wallet features: While the basic functions of cryptocurrency wallets remain the same, additional features can distinguish one wallet from another. Hot wallets often come with advanced reporting tools, crypto market insights, and currency conversion capabilities. Security features can also be an essential factor when making your decision.
By considering all of these aspects, you’ll be better equipped to select the perfect cryptocurrency wallet for your SPACE ID (ID) tokens.
For a more in-depth overview of cryptocurrency wallets visit our “Cryptocurrency Wallets Explained” guide.
If you’re planning to handle larger amounts of crypto, investing in cold storage can be a wise decision. Two of the most popular cold storage options are the Ledger Nano and the Trezor.
Ledger creates cold storage wallets designed for users who prioritize security. Their wallets are physical devices that connect to your computer, and you can only send cryptocurrency from them when they’re connected. Ledger offers a range of products, including the Ledger Nano S and the Ledger Nano X, which features Bluetooth connectivity.
Trezor, a trailblazer in the hardware wallet industry, combines top-notch security with an intuitive interface and compatibility with various desktop wallets. This blend makes it suitable for both beginners and experienced users. Trezor has earned a great deal of respect within the Bitcoin community over time. They offer two primary models – the Trezor One and the Trezor Model T, which comes with a built-in touchscreen.
SPACE ID (ID) Price & Charts
- Market Capitalization And Daily Trading Volume
- Current Market Price Of Every Cryptocurrency Relative To USD (And Some Local Currencies)
- Circulating And Total Supply
- Historical Charts With Prices Relative To USD, Bitcoin (BTC), And Ethereum (ETH).
