How To Buy Saitama (SAITAMA)?
A common question you often see on social media from crypto beginners is “Where can I buy Saitama?” 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 Saitama (SAITAMA)
First, you will need to open an account on a cryptocurrency exchange that supports Saitama (SAITAMA).
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 Saitama (SAITAMA) 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 Saitama (SAITAMA)
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 Saitama (SAITAMA) or Saitama (SAITAMA) trading pairs. Look for the section that will allow you to buy Saitama (SAITAMA), and enter the amount of the cryptocurrency that you want to spend for Saitama (SAITAMA) or the amount of fiat currency that you want to spend towards buying Saitama (SAITAMA). The exchange will then calculate the equivalent amount of Saitama (SAITAMA) based on the current market rate.
Note: Make sure to always double-check your transaction details, such as the amount of Saitama (SAITAMA) 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 Saitama (SAITAMA)
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) 1.49%*-3.99%*
Available for Trade 75+
$10 sign-up bonus*
North America, South America, Europe, Asia, Oceania, Africa
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 Saitama (SAITAMA)?
Saitama has been said to have gotten its name after a “ghost dog” roamed amongst the Saitama Prefecture in Japan.
The logo of Saitama Inu appears to feature a wolf surrounding a human face.
SAITAMA is an ERC-20 token, meaning it is based on the Ethereum blockchain. It claims to be a store of value with protections in place to protect this value. For example, 2% of every token transaction is burned in order to retain the token’s value. It also has “anti-whale” procedures, meaning it hopes to prevent large investors from drastically affecting the price of the token. However, this feature is not fully functional and remains unclear.
Saitama is a community-driven token / platform that wants to develop solutions to educate the next generation of investors and make crypto simple and safe for everyone. According to its whitepaper, it focuses on Gen Z investors, 93% of whom feel confused or frustrated when it comes to finance. Saitama’s vision is to provide them with content that teaches how money works while they invest, thereby opening opportunities for wealth creation. To achieve that, Saitama plans to develop its own ecosystem, including a marketplace, a smart wallet, an NFT-based launchpad platform, and a multi-channel content platform.
Who Are the Founders of Saitama?
Following the example of most meme coins, the founder of Saitama is anonymous. According to its whitepaper, its creator launched it in May 2021 with the aforementioned vision but had to renounce ownership of the project due to personal reasons. However, a group of individuals that found the goal valuable and impactful took over the project and continued developing it. The project is now headed by Steve@RocketCrypto, a crypto YouTuber with over 56,000 subscribers. He is joined by six other individuals, all of whom are also doxxed on the project website.
2% of every transaction with $SAITAMA is deducted and redistributed to holders. It means that just by holding it you will see the number of tokens increasing automatically everyday as the community transacts.
An additional 2% of the amount of all transactions is taken out of circulation, meaning that the token supply is constantly shrinking and making your $SAITAMA increase in value with time. The founders have already started with 49% of the total supply burned.
A smart wallet that revolutionises the cryptocurrency market by solving fundamental problems in decentralized finance, allowing investors from any level to be in control of their wealth.
A new approach to NFT, the SaitaMaker is a launchpad platform that will allow users of SaitaMask to create, launch and promote their projects, as well as trade property related to them using the $SAITAMA monetary system.
One thing that sets Saitama apart from other crypto initiatives is having content at the core of their business. They are currently developing a multi-channel platform that will educate people on how to save, invest, manage money and create wealth opportunities while entertaining the community. Besides developing proprietary content, #SaitaEdu will be a community operated business where anyone that is a content creator can profit from sharing their talent and knowledge about finance.
One of the challenges with decentralized finance right now is the difficulty to take your tokens out to use in everyday needs.
The SaitaMarket is a marketplace inside SaitaMask.
Official website: https://saitamatoken.com/
Best cryptocurrency wallet for Saitama (saitama)
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 saitama (saitama)?
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).
Coinmarketcap will be your cryptocurrency go-to for just about everything. Here you can see the following: