How To Buy BTRIPS (BTR)?
A common question you often see on social media from crypto beginners is “Where can I buy BTRIPS?” Well, you’ll be happy to hear it is actually quite a simple and straightforward process.
Step 1: Create an account on an exchange that supports BTRIPS (BTR)
First, you will need to open an account on a cryptocurrency exchange that supports BTRIPS (BTR).
We recommend the following based on functionality, reputation, security, support and fees:
In order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.
Note: On specific exchanges, you might need to complete a Know Your Customer (KYC) procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.
Step 2: Deposit funds into your account
Many cryptocurrency exchanges will allow you to purchase BTRIPS (BTR) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.
Note: Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.
Step 3: Buy BTRIPS (BTR)
This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for BTRIPS (BTR) or BTRIPS (BTR) trading pairs. Look for the section that will allow you to buy BTRIPS (BTR), and enter the amount of the cryptocurrency that you want to spend for BTRIPS (BTR) or the amount of fiat currency that you want to spend towards buying BTRIPS (BTR). The exchange will then calculate the equivalent amount of BTRIPS (BTR) based on the current market rate.
Note: Make sure to always double-check your transaction details, such as the amount of BTRIPS (BTR) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or purchase a hardware wallet for the highest level of protection.
Alternative ways to buy BTRIPS (BTR)
Because the project is very new, it is only offered directly on a select number of exchanges. If you’re not comfortable connecting your bank account to any of these smaller exchanges, or if you cannot connect your bank account to them for geographical reasons. Then you can instead create an account on any of the major exchanges and simply transfer the funds from there.
Out of the major exchanges we recommend the following based on functionality, reputation, security, support and fees:
Fees (Maker/Taker) 0.075%*-0.1%*
Available for Trade 500+
10% reduced trading fees*
Europe, Asia, Oceania, Africa
Fees (Maker/Taker) 0.1%*-0.1%*
Available for Trade 400+
$30,000 sign-up bonus*
Europe, Asia, Oceania, Africa
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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For more in-depth instructions, our ‘Absolute Beginner’s Guide To Cryptocurrency Investing‘ will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.
And if you’re completely new to crypto our beginner, intermediate and advanced level articles will get you up to speed with everything you need to know about the cryptocurrency space starting out.
What Is BTRIPS (BTR)?
BTRIPS enables users to freely purchase, sell and donate authenticated luxury items and collectibles in the form of NFTs that can be redeemed into real items at affiliated offline stores.
The service platform of BTRIPS is a ‘Smart Commerce’ based blockchain platform. It provides various commerce services that are suitable for social trends, and it offers variety of tools for integrated marketing and sales improvement for sellers and suppliers.
The NFT Platform of BTRIPS will not only serve as a marketplace that sells high-end luxury goods, but it will also introduce products with high popularity and scarcity, such as famous influencer treasures or collaborations.
Unlike existing platforms that plans to link NFT and real assets, BTRIPS aims to take it a step further by providing custody services for second-hand markets.
How does BTRIPS work?
BTRIPS imports luxury goods through an agreement with a parallel import company that has a contract with a luxury brand. Consumers who purchase luxury goods on the BTRIPS platform can check the authenticity of the item in two ways.
The first is the authentic certificate that is included in the luxury item. This certificate is available in the form of a warranty card for RFID certificates or a physical guarantee card.
The second way is the NFT certificate provided by BTRIPS wallet. A user can check the NFT with the information about the product in their BTRIPS wallet. It gives users more convenience and credit because NFT is non-fungible, and all the transaction history is shown. The authenticity of the BTRIPS items is supported by verified professional authenticators.
Another one of the big problems with purchasing luxury items via an online platform is checking if they fit the right size. This is a big problem for the online luxury shopping platforms.
BTRIPS aims to solve this problem by providing an augmented reality service. The size information of the luxury item included in NFT is shown, what it looks like and how it fits in. Also, users can see the details of the items in a 360-degree 3D view.
What is the BTR Token?
BTR plays a key role within the BTRIPS Platform and within the ecosystem.
BTR guarantees a high level of availability of usage, and it offers a variety of payment methods and related services, including cross-border remittances. It also provides functions that can be used for promotion and marketing for sellers and suppliers. BTR can be used for the payment of registration fees for goods and services, creating a virtuous cycle within the ecosystem.
The BTR tokens are used to utilize numerous services provided within the BTRIPS platform. All sellers who sell on the BTRIPS platform can only be registered as sellers in the BTRIPS marketplace after obtaining permission as a seller by staking a certain amount of BTRIPS tokens.
In addition to this, BTR tokens are used to utilize numerous services, such as additional data marketing solutions and self-published coupon services, in addition to the basic services provided to sellers on the BTIRPS platform. Users can purchase various items on the platform using BTR tokens. Users also receive various benefits by staking BTR and registering for membership services, such as discounts, preferential purchase of items and NFTs, and participation in various events.
BTRIPS development updates in 2023
BTRIPS (BTR) has seen notable developments in its cryptocurrency platform in 2023, focusing on expanding its services and integrating new technologies. Here are the key updates for BTRIPS this year:
NFT Marketplace Development: BTRIPS has developed an NFT Marketplace platform, emphasizing the integration of luxury products with NFT technology. This platform is designed to facilitate auctions, sales, and prize draws, enhancing the security and authenticity of transactions in the luxury product market.
Enhancement of Online and Offline Commerce Platform: BTRIPS continues to serve as both an online and offline commerce platform, offering a wide range of services including K-pop goods and NFT auctions to a global audience. The platform’s marketing techniques are tailored to make these services accessible to everyone.
Utilization of NFTs for Product Authenticity and Accessibility: The use of NFT technology in BTRIPS aims to provide safer transaction opportunities for luxury products. NFT contracts are used as a guarantee of authenticity, making it easier for users within and outside the community to access these luxury products.
Market Performance and Trading Activity: As of the latest updates, BTRIPS had a circulating supply of 5 billion tokens and had reached certain price milestones, although specific details on its trading volume and market cap were not available at the time of the latest reports.
These developments indicate BTRIPS’s commitment to leveraging blockchain technology for enhancing e-commerce experiences, particularly in the luxury goods sector, and expanding its reach in the NFT market. The project’s focus on NFT integration and market expansion underscores its innovative approach in the evolving landscape of digital commerce and blockchain technology.
Official website: https://www.btrips.io/
Best cryptocurrency wallet for BTRIPS (BTR)
There are plenty of different crypto wallets available. The best one for you depends on your general trading habits and which provides the most security in your situation. There are two main types of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical). Both have their pros and cons, and there is not necessarily a right or wrong answer when it comes to figuring out which crypto wallet is best for you.
HOW DO I DECIDE WHICH cryptocurrency WALLET TO USE for BTRIPS (BTR)?
Deciding which type of wallet to use depends on a variety of factors, including:
- How often you trade. In general, hot wallets are better for more active cryptocurrency traders. Quick login ability means you are only a few clicks and taps away from buying and selling crypto. Cold wallets are better suited for those looking to make less frequent trades.
- What you want to trade. As mentioned earlier, not all wallets support all types of cryptocurrencies. However, some of the best crypto wallets have the power to trade hundreds of different currencies, providing more of a one-size-fits-all experience.
- Your peace of mind. For those worried about hacking, having a physical cold wallet stored in a safe deposit box at the bank or somewhere at home, provides the safest, most secure option. Others might be confident in their ability to keep their hot wallets secure.
- How much it costs. It is important to investigate the costs associated with each wallet. Many hot wallets will be free to set up. Meanwhile, cold wallets, like any piece of hardware, will cost money to purchase.
- What it can do. While the basics of each cryptocurrency wallet are the same, additional features can help set them apart. This is especially true of hot wallets, many of which come with advanced reporting features, insights into the crypto market, the ability to convert cryptocurrencies and more. Security features can also be a good differentiator.
For a more in-depth overview of cryptocurrency wallets visit our “Cryptocurrency Wallets Explained” guide.
Ledger manufactures cold storage wallets designed for users who want increased security. Their wallets are a physical device that connects to your computer. Only when the device is connected can you send your cryptocurrency from it. Ledger offers a variety of products, such as the Ledger Nano S and the Ledger Nano X (a bluetooth connected hardware wallet).
Trezor is a pioneering hardware wallet company. The combination of world-class security with an intuitive interface and compatibility with other desktop wallets, makes it ideal for beginners and experts alike. The company has gained a lot of the Bitcoin community’s respect over the years. Trezor offers two main models – The Trezor One and Trezor Model T (which has a built in touch screen).