How To Buy Vulcan Forged (PYR)?
A common question you often see on social media from crypto beginners is “Where can I buy Vulcan Forged?” 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 Vulcan Forged (PYR)
First, you will need to open an account on a cryptocurrency exchange that supports Vulcan Forged (PYR).
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) 0.2%*-0.2%*
Available for Trade 1000+
Up to $100 in USDT vouchers*
North America, South America, Europe, Asia, Oceania, Africa
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 Vulcan Forged (PYR) 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 Vulcan Forged (PYR)
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 Vulcan Forged (PYR) or Vulcan Forged (PYR) trading pairs. Look for the section that will allow you to buy Vulcan Forged (PYR), and enter the amount of the cryptocurrency that you want to spend for Vulcan Forged (PYR) or the amount of fiat currency that you want to spend towards buying Vulcan Forged (PYR). The exchange will then calculate the equivalent amount of Vulcan Forged (PYR) based on the current market rate.
Note: Make sure to always double-check your transaction details, such as the amount of Vulcan Forged (PYR) 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.
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 Vulcan Forged (PYR)?
Vulcan Forged is a blockchain game studio and NFT marketplace. They are the makers of VulcanVerse. Designed as an easy-to-play and easy-to-build ecosystem, Vulcan Forged is a community-based project that promotes the development of world-class blockchain games by supporting developers through its development programs, incubation and crowdfunding.
For blockchain game enthusiasts, Vulcan Forged is a one-stop-shop where they can access popular games and a huge NFT marketplace to buy and sell digital assets in-game. The entire ecosystem is powered by its own PYR settlement, staking and utility token. The ERC20 compatible PYR is a cross-platform currency that can be used in game titles that are part of the Vulcan Forged ecosystem.
What makes Vulcan Forged unique?
What makes Vulcan Forged unique is that it is an open-world massive multiplayer online role-playing game (MMORPG) backed by blockchain technology and lore written by fighting fantasy authors. What this means is that inside VulcanVerse, players can truly own assets in the form of Non-Fungible Tokens (NFTs). The primary assets that can be owned are Land, Vulcanites, Gods, and Items, with different types of assets in development.
What is PYR?
PYR is the native digital cryptographically-secured utility token of the Vulcan Forged platform (PYR) is a transferable representation of attributed functions specified in the protocol/code of the Vulcan Forged platform, and which is designed to be used solely as an interoperable utility token on the platform and across different game environments. PYR Token is an ERC20 token to be ported to Polygon (MATIC). As the native platform currency, PYR will play the role of the settlement medium, staking (for privileges) and gaming utility token within the entire Vulcan Forged ecosystem. For example, a user could purchase assets of VulcanVerse from PYR token rewards earned by winning a game of Berserk, Block Babies or Coddle Pets. For every PYR transaction, 10% will be sent to the reward pools for distribution to ecosystem contributors. There are innumerable use-cases for PYR, and will slowly replace VET as the marketplace token of choice. PYR allows the users of the platform to earn from their positive efforts, and thoroughly increase user engagement within the platform. It will be used for fee settlement, staking to obtain privileges, participation in DeFi game launchpads, play-to earn benefits, gaming platform pools, and discounted marketplace usage.
Who are the founders of Vulcan Forged?
Vulcan Forged consists of 30 core members spread out over Greece, UK and Ukraine. Their main office is located in Athens, Greece, with 9 in-house and led by CEO Jamie Thomson. Core team members are available at https://vulcanforged.com/About
Official website: https://vulcanforged.com/
Best cryptocurrency wallet for Vulcan Forged (PYR)
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 Vulcan Forged (PYR)?
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: