How To Buy Casper (CSPR)?

A common question you often see on social media from crypto beginners is “Where can I buy Casper?” 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 Casper (CSPR)

First, you will need to open an account on a cryptocurrency exchange that supports Casper (CSPR).
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 Casper (CSPR) 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 Casper (CSPR)

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 Casper (CSPR) or Casper (CSPR) trading pairs. Look for the section that will allow you to buy Casper (CSPR), and enter the amount of the cryptocurrency that you want to spend for Casper (CSPR) or the amount of fiat currency that you want to spend towards buying Casper (CSPR). The exchange will then calculate the equivalent amount of Casper (CSPR) based on the current market rate.

Note: Make sure to always double-check your transaction details, such as the amount of Casper (CSPR) 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 Casper (CSPR)

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:

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. 

Simplecryptoguide.com

What Is Casper (CSPR)?

Launched on mainnet on March 30, 2021, Casper is the first live proof-of-stake (PoS) blockchain built off the Casper CBC specification. The Casper platform is designed to boost the adoption of blockchain technology, smart contracts, and DApps on a global scale.

With its future-proof architecture, Casper is designed to ensure the platform is continually developed according to the evolving needs of its users, and that it’s maximally accessible to developers of all backgrounds. As per the official whitepaper, Casper is optimized to suit both enterprise and developer needs. Casper’s mission is to usher in a new era for Web3, as demand for intuitive, interconnected services continues to grow across the board. Casper does so by solving the adoption trilemma: offering enterprise-grade security, scalability, and decentralization all within the same blockchain protocol.

Who Are the Founders of Casper?

Medha Parlikar, Co-Founder and CTO
Medha is one of the co-founders of CasperLabs and serves as its CTO. She started working with technology in the early 80’s, building computers in her basement. Since then, she has sent the past two decades delivering production SaaS software for major corporations such as Adobe, Omniture, and Avalara. In addition to her technical proficiencies, Medha’s strengths include building high functioning technical teams and inspiring them to deliver solutions that solve customer problems.

Mrinal Manohar, Co-Founder and CEO
Mrinal has an extensive career as both a computer programmer and a finance professional. Before founding Casper, Mrinal was a Principal and the Technology/Media/Telecom Sector Head at Sagard Capital, a Private Equity Associate at Bain Capital, and an Associate Consultant at Bain & Company. In addition to his professional contributions to the blockchain industry, Mrinal has been personally investing in the sector since 2012 as a seed investor in Ethereum, Blockstack, Basis, Maker, Filecoin, and more.

What Makes Casper Unique?

Casper is a unique utilization of blockchain technology and the proof-of-stake (PoS) consensus method. Because of its completely decentralized approach, the network is extremely versatile in terms of use cases. Not only that, Casper boasts a future-proof design, with upgradeable smart contracts and predictable gas fees for transactions. Additionally, Casper is introducing a new standard for blockchain energy consumption, and is 136,000% more energy-efficient than Bitcoin.

The innovative Correct-by-Construction (CBC) Casper specification is a remarkable feature of the network. This specification allows for the rapid adoption of blockchain services on all enterprise levels. By relying on the PoS consensus, Casper ensures scalability and database management solutions. Casper and the CSPR token are the result of years of research by CasperLabs.

Further, CasperLabs exists to provide enterprise-level services and support for organizations building on the Casper Network, similar to how Red Hat supports organizations building within the Linux ecosystem. Thanks to the team’s unique experience running services at enterprise software organizations like Adobe, Avalara and Google, CasperLabs is uniquely poised to elevate Casper as the de facto blockchain for the growing number of enterprise organizations that want to build in Web3 environments but require more dedicated levels of support than are possible from open-source, decentralized projects.

Casper development updates in 2023

Casper (CSPR), a rapidly growing blockchain project, has made several significant advancements in 2023. Here are some of the key developments:

• Project Growth and NFT Standard: Casper has experienced a surge in popularity and is recognized as one of the fastest-developing blockchain networks. The project has launched over 140 projects, exchanges, partners, NFTs, and Web3 applications, highlighting its expansive growth. The Casper NFT standard, CEP-78, is notable for providing superior scalability, support, and efficient tools for managing, owning, and trading NFTs. It also allows for improved mutability of on-chain metadata, enhancing the functionality of NFTs on the platform​​​​.

• Staking with Uphold Wallet: In October, Casper announced the launch of staking on the Uphold wallet. This feature enables CSPR holders to earn an annual product yield (APY) of 9.25%, one of the highest rates in the market. Additionally, staking CSPR with Uphold incurs a 0% commission rate, ensuring that all rewards are passed directly to the stakers​​​​.

• Online Hub and Circulating Supply Update: Casper has deployed a new online hub on its network, further enhancing its digital infrastructure. An update to the circulating supply of CSPR was also announced, with the current circulating supply being 10.4 billion CSPR. This update includes all tokens that are unlocked and transferable​​​​.

• Price Performance: Casper’s price has been performing strongly, even during bearish market conditions. The price of CSPR rose significantly, placing it among the top-performing cryptocurrencies over a month-long period. This rise in value reflects the growing interest and confidence investors have in the Casper network​​​​.

• Future Developments: Casper’s team is working on a new generation of the Casper Signer, with updates expected to include an on-chain wallet, multi-platform, and multi-browser support. Additionally, a Casper Membership Portal is in development, aimed at enhancing the network’s transparency and trustworthiness. This portal will offer members unique privileges and rewards, and enable validators to participate in governance activities​​​​.

• Enterprise Focus and Features: Founded in 2018, Casper Network is a Layer 1 proof-of-stake blockchain that emphasizes enterprise solutions. It offers features such as energy-efficient PoS consensus, upgradeable smart contracts, predictable low gas fees, and a developer-friendly environment. These features are designed to facilitate the creation of scalable blockchain-based products for businesses and developers​​.

• CSPR Token Role and Casper 2.0: CSPR, the native token of the Casper chain, is used for staking, securing the network, and paying network fees. The network is expected to launch Casper 2.0, featuring the Zug protocol, the successor to Casper’s Highway Protocol. This update aims to further enhance the network’s capabilities​​.

Casper’s developments in 2023 indicate a strong focus on growth, user engagement, and technological advancements, making it a notable project in the blockchain and cryptocurrency space.

Official website: https://casper.network/en/network

Best cryptocurrency wallet for Casper (CSPR)

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 Casper (CSPR)?

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.

If you’re going to be dealing in larger volumes of crypto, investing in cold storage might prove advantageous.
Most widespead examples of this being the Ledger Nano and the Trezor.

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).