The Orion Protocol is a project designed to aggregate the liquidity of several cryptocurrency exchanges into a single platform. This provides non-custodial access to the digital asset markets. Launched by Alexey Koloskov in 2020, the protocol aims to solve some of the core problems of the decentralized finance (Defi) system.
The project’s primary focus is on greater liquidity, increased profits, and reduced risks for investors when using multiple exchanges. The native token of the Orion Protocol is ORN. This token is on a steady rise in the cryptocurrency market and might become even more prominent when the protocol unveils some of its proposed roadmap targets.
With that in mind, if you want to learn how to buy Orion Protocol, follow our guide.
Contents
- 1 How to Buy Orion Protocol: Quickfire Walkthrough to Buy Orion Protocol in Less Than 10 minutes
- 2 How to Buy Orion Protocol – Full Step-by-Step Walkthrough
- 3 Where can you buy Orion Protocol Online?
- 4 Ways to Buy Orion Protocol
- 5 Should I Buy Orion Protocol?
- 6 Risk of Buying Orion Protocol
- 7 Best Orion Protocol Wallet
- 8 How to Buy Orion Protocol – Bottom Line
- 9 Buy Orion Protocol Now via Pancakeswap
- 10 FAQs
- 11 How much is Orion Protocol?
- 12 Is Orion Protocol a good buy?
- 13 What is the minimum Orion Protocol tokens you can buy?
- 14 What is the Orion Protocol all-time high?
- 15 How do you buy Orion Protocol tokens using a debit card?
- 16 How many Orion Protocol tokens are there?
How to Buy Orion Protocol: Quickfire Walkthrough to Buy Orion Protocol in Less Than 10 minutes
Whether this is your first time purchasing cryptocurrency or not, we will teach you how to buy Orion Protocol in less than 10 minutes. If you are already conversant with the market, you will find this walkthrough straightforward.
However, if you are a beginner, you can read more on the process in the complete step-by-step guide outlined further down on this page.
- Step 1: Download Trust Wallet: To get started, you should download Trust. This is one of the best wallet options in the market, and you can download it for free on the Google Play or App Store.
- Step 2: Search for Orion Protocol: Now that you have Trust Wallet on your device, the next thing to do is to locate the Orion Protocol. You will see the search button in the top right corner of the screen. Input “ORN” and search.
- Step 3: Add Cryptocurrency Asset to your Wallet: To buy Orion Protocol, you need to have established digital tokens in your wallet. Add any major coins to your wallet by transferring them from an external storage unit (e.g. wallet or exchange) or buying directly on Trust.
- Step 4: Connect to Pancakeswap: The next step is to head over to this decentralized exchange (DEX). You can initiate this connection by clicking ‘DApps’ on your wallet. This action will provide you with a list from which you should pick Pancakeswap. Click ‘Connect’.
- Step 5: Buy Orion Protocol: Finally, you are connected to Pancakeswap. Click “Exchange” and pick the cryptocurrency you want to pay with under “From” and Orion Protocol in the “To” section. Click on “Swap” and wait while your token gets delivered to your wallet.
Always consider the risks involved when buying cryptocurrencies. Digital assets are highly speculative and volatile.
How to Buy Orion Protocol – Full Step-by-Step Walkthrough
After going through the quickfire guide above, you should now know how to buy Orion Protocol tokens. However, if you are yet to understand the process completely, this detailed guide will address all your questions.
Let’s get to it:
Step 1: Download Trust Wallet
If you want to buy Orion Protocol, start by downloading Trust Wallet. Trust is the leading wallet in the cryptocurrency space and is available for download on Android and iOS devices. Once you do that, set the wallet up by following the prompts.
To finish the setup, you will need to create a PIN for your wallet. Make sure it is not generic or anything that a third party can guess easily. After that, Trust will provide you with a 12-word passphrase.
Anyone can gain access to your wallet with this passphrase, so keep it in a secure place. The purpose of the passphrase is to grant you access to your wallet if you lose your device or forget your PIN.
Step 2: Add Cryptocurrency Asset to Your Trust Wallet
After setting up your wallet, you need to add funds to it. The way to fund your wallet is by getting some digital tokens into it. These digital assets will be the currency you’ll use to buy Orion Protocol.
This is because you cannot buy low-cap Defi coin directly with fiat money, so you need to know how to execute crypto-to-crypto exchanges.
We will explain the process later. For now, let’s examine the two ways in which you can fund your Trust Wallet.
Send Cryptocurrency from an External Wallet
The first way to fund your Trust is to transfer established coins from another wallet into it. This method will be easy if you already had a wallet before downloading Trust.
We will tell you how to go about it in simple steps.
- Go to the “Receive” bar on Trust and click on it.
- Pick the cryptocurrency you want to receive and copy the wallet address given.
- Go to the other wallet and paste the address in the box stipulated for it.
- Enter the number of cryptocurrency assets you want to send and confirm the trade.
Wait as the cryptocurrency is delivered to your Trust Wallet.
Buy Cryptocurrency Using Credit/Debit Card
If you want to follow the second method, we have provided a guide for that too. Follow this step-by-step walkthrough to add funds to your Trist Wallet with a debit or credit card.
- Go to the homepage on Trust Wallet and click on “Buy.”
- Choose the coin you want to purchase. Ensure that it is an established coin such as ETH or BTC.
- You will be required to go through a Know Your Customer (KYC) process.
- Upload a valid ID (passport or driver’s license) to complete the process.
- Enter the amount of cryptocurrency asset you want to buy and confirm the trade.
Wait as your new digital asset reflects in your wallet.
Step 3: How to Buy Orion Protocol through Pancakeswap
We mentioned earlier that you cannot buy Orion Protocol with fiat money. Instead, you must connect to a platform that supports crypto-to-crypto exchanges. The most popular option for this kind of trading are decentralized exchanges (DEX). Pancakeswap is one of the best of such platforms.
Thus, we will teach you how to buy Orion Protocol on Pancakeswap.
- Open Pancakeswap and click on “DEX.”
- Click on “Swap” and follow it by choosing “You Pay.”
- Pick the currency you want to pay with and enter the desired amount.
- Go to “You Get” and pick Orion Protocol from the options available.
- Check the rate between the two assets and if you are comfortable with it, click on “Swap.”
Confirm the trade, and the tokens will reflect in your wallet in a few minutes.
Step 4: How to Sell Orion Protocol
You can sell Orion Protocol in a similar manner to how you bought it. You will have to decide on the method you want to employ. There are two ways, and we will explain them both.
- You can sell your cryptocurrency for fiat money on a major exchange such as Binance. Start by sending your Orion Protocol tokens to Binance, complete a KYC process, and sell your tokens for fiat money.
- You can also sell your Orion Protocol tokens by swapping for another cryptocurrency asset. You can do this on Pancakeswap by following the reverse of the steps you took when buying the tokens. You can swap for any asset available on the exchange.
Where can you buy Orion Protocol Online?
You can buy Orion Protocol online from several centralized and decentralized platforms. However, the processes you have to follow for both differ. It is, therefore, better to go for the easier way. Since the ORN token is a Defi coin, using decentralized exchanges such as Pancakeswap is an excellent option.
We will tell you more about this exchange below.
Pancakeswap – Buy Orion Protocol Through a Decentralized Exchange
Pancakeswap is an innovative platform that’s taking the lead in the DEX space. While it is still relatively new compared to most of its competitors, the platform is fast-growing and attracting new cryptocurrency enthusiasts due to its outstanding features. These include dozens of liquidity pools, farms, lotteries, prediction options, and so on.
Being a DEX, the first thing to know about Pancakeswap is this it is an automated market maker (AMM). AMMs are exchanges that allow you to trade against the system instead of matching you with other investors. By pairing you against the system, the DEX eliminates the need for an intermediary, and the actions of other investors do not limit you from trading.
When buying ORN tokens, there are some other things you should know about Pancakeswap. The platform allows you to sell, buy, and trade your ORN tokens in a seamless manner. You can swap for a major coin or another Defi token. The presence of hundreds of digital assets available on the DEX increases its daily patronage. From your perspective, this allows you to diversify your cryptocurrency portfolio with ease.
You can also choose to deposit your unused tokens into one of the Pancakeswap liquidity pools. After investing in a pool, you will get LP (liquidity provider) tokens. These tokens will allow you to withdraw your investment when you’re ready to. Holding LP tokens will also give you a reduction in your trading fees alongside other additional benefits.
Pros:
- Exchange digital currencies in a decentralized manner
- No requirement to use a third party when buying and selling cryptocurrency
- Supports a sizable number of digital tokens
- Allows you to earn interest on your idle digital assets
- Sufficient levels of liquidity – even on smaller tokens
- Prediction and lottery games
Cons:
- Might appear daunting at first glance for newbies
- Does not support fiat payments directly
Always consider the risks involved when buying cryptocurrencies. Digital assets are highly speculative and volatile.
Ways to Buy Orion Protocol
You can buy Orion Protocol on any exchange that offers crypto-to-crypto trading. However, before you can do this, you need to fund your wallet. The way you fund your wallet to buy Orion is primarily determined by you. There are two main methods, and we have explained both below.
Buy Orion Protocol with Cryptocurrency
If you are already conversant with the cryptocurrency market before reading this guide on how to buy Orion Protocol, there is a chance that you have a digital wallet. If this is the case, you can transfer some cryptocurrency into your Trust Wallet.
After transferring some established cryptocurrency from your external storage, connect to Pancakeswap to exchange the coins for Orion Protocol tokens.
Buy Orion Protocol with Credit/Debit Card
On the other hand, if you are learning how to buy Orion Protocol because this is your first time trading in the cryptocurrency market, you may have to fund your wallet directly. This way, you use your credit/debit card to buy major coins on Trust Wallet. Then, you connect to Pancakeswap to swap the purchased coin for Orion Protocol.
Should I Buy Orion Protocol?
When learning how to buy Orion Protocol, you should equally consider whether it’s a worthy investment for you. Beginners mostly ask this question, but there is no right answer, even for professional investors that have lots of trading experience in the cryptocurrency market.
- The reason for this is simple: too many variables determine how a digital asset fares, and you must understand how they affect Orion Protocol.
- We have explained some of these factors below, but you should also conduct more research to be sure you’ve read up on all key areas.
Now that you know this, let's get to the main discussion.
Established Project
In recent years, there has been a surge in the number of cryptocurrency assets created. Most of these assets attract positive comments in their early days, but only time will tell which tokens survive the growing competition in the market. Thus, to understand the potential of a coin, you should consider its background, and this is what we suggest you do concerning Orion Protocol.
The Orion protocol was launched to solve some of the fundamental problems in the cryptocurrency market. These problems include limited liquidity, low-profit returns, high risk, minimal security, and more. The project aims to provide a uniform platform to solve these problems with a single stroke.
Thus, it is not targeting only a section of the market but the whole of the cryptocurrency industry. The implication is that, as more people buy into Orion Protocol, investors holding its tokens will experience an increase in their assets’ worth. So, this is a factor you might consider when researching the coin and its prospects.
Corporate Partners
Since its goal is not to compete with any cryptocurrency project but to unify them all, the Orion Protocol has created strategic partnerships since its inception. In fact, the Orion Protocol has partnered with over 70 cryptocurrency firms.
- This list includes centralized and decentralized exchanges, security firms, oracles, Defi protocols, and other stakeholders in the cryptocurrency space.
- From the onset, the Orion Protocol established that it was blockchain agnostic.
- Launched on the Ethereum blockchain, it also supports the Binance Smart Chain. This relationship operates to unify the ERC-20 and BEP-20 tokens.
All of these strategic partnerships signify that the Orion Protocol enjoys a good relationship with others in the market. This is a factor that might impact the project’s quality in the near future.
Earning Capacity
This point should interest you, as every investor wants to know how much they can earn on their assets. With the plans the Orion Protocol team intends to implement in the future, the return on investment (ROI) offered by the token looks favorable. Part of the project's main objectives is to increase liquidity, reduce slippage, and diminish the risk involved in trading cryptocurrency.
Achieving success in any of these goals could have an impact on the project’s ROI. Also, the project plans to expand into derivatives, ETFs, NFTs, staking, lending, and margin trading for different assets. If the protocol can achieve this level of expansion, the pools from which you can earn could increase. This development means more potential gains even without selling your tokens.
Orion Protocol Price Prediction
There are several online predictions on the future price of the Orion Protocol token, but there is no tangible evidence for any. Many commentators online will estimate that the coin’s price will reach a certain number - which often draws newbie investors in.
You must remember that these numbers are merely speculative, as Orion Protocol is subject to pricing levels that no one can control. Therefore, before buying the token, carry out enough research to know the risks involved and the best ways to mitigate them.
Risk of Buying Orion Protocol
The goal of the Orion Protocol is to reduce the risks encountered by investors when trading. Thus, the team behind the project has been investing in security and other ways to ensure that they achieve their objective. However, some risks are simply inherent in the cryptocurrency market.
- The first thing to consider is the volatility of Orion Protocol. The cryptocurrency market is volatile, and asset prices can therefore be affected by both relevant and even immaterial issues. These issues can have drastic effects, both positively and negatively.
- Also, Orion Protocol is a relatively new cryptocurrency at the time of writing in early August 2021. The implication of this is that the future of the token is highly speculative, and there are few concrete facts to work with. While certain modern tools exist to predict how an asset will fare, they are not backed by verifiable data, meaning you’re still faced with risks when buying Orion Protocol.
- Another point is that the Orion Protocol does not enjoy a monopoly in its mission. For example, there have been other protocols that have promised to unify various platforms but were unable to do so. Therefore, while you may hope that the Orion protocol achieves its objective, it’s not out of place to also prepare your mind for the opposite.
- Finally, it is worthy of mention that CertiK - a leading auditing and security firm in the cryptocurrency space, constantly assesses the Orion Protocol. In addition, the protocol's core future project, the Main Net Pre-Staking, is also being audited by CertiK. This process is in its final stages.
These activities indicate the team’s commitment to achieving a secured network, and this might impact the coin’s growth in the market. Yet, this should not lead you to assume that the coin is risk-free. Therefore, you should only buy moderately and diversify your Orion Protocol investment with other assets.
Best Orion Protocol Wallet
Now that you know how to buy Orion protocol - it's time to find out more about storing your tokens. The Orion Protocol is an ERC-20 token supported by numerous wallets. However, the qualities these wallets offer are different, and you should consider that when choosing which one to use.
Knowing this, we have provided you with three of the best Orion Protocol wallets in the market.
Trust Wallet: Overall Best Orion Protocol Wallet
Whatever quality you desire in a wallet, there is a good chance you'll find it with Trust. It is one of the best software wallets available for storing your Orion Protocol tokens - and it comes in the form of an Android/iOS app. Within the Trust Wallet, you can connect directly to the Pancakeswap DEX.
Atomic Wallet: Best Orion Protocol Wallet in Convenience
Another excellent option for storing your Orion Protocol is the Atomic Wallet. We have chosen this wallet primarily because of how its utility fits perfectly with the Orion Protocol’s objective.
The Atomic Wallet is known for its compatibility with over 300 cryptocurrencies. Apart from this, the wallet also provides seamless accessibility as you can use it on iOS, Android, and desktop.
Trezor One: Best Orion Protocol Wallet in Security
Security should be a major concern when investing in Orion Protocol. This is because the cryptocurrency space is filled with many people with nefarious intentions, most notably hackers. To protect your Orion Protocol tokens from these people, you need to get a secure wallet like Trezor One. This is a hardware wallet that remains offline at all times.
How to Buy Orion Protocol – Bottom Line
From all that we’ve discussed, you can see that purchasing Orion Protocol tokens is not difficult. You can start by downloading Trust, follow up by funding your wallet with an established cryptocurrency like BNB.
After that, you can connect to Pancakeswap and exchange the coins for Orion Protocol. As simple as that, you’ve just learned how to buy Orion Protocol!
Buy Orion Protocol Now via Pancakeswap
Always consider the risks involved when buying cryptocurrencies. Digital assets are highly speculative and volatile.
FAQs
The price of Orion Protocol, just like any other cryptocurrency, is unstable. As at the time of writing in early August, 2021, the daily low and high is shifting between $6 and $9.
This question cannot be answered with either a yes or a no. This is because Orion Protocol can be a good buy or otherwise based on your investment goals. If you research thoroughly and assess your investment plans, you’ll be able to decide whether to buy the coin or not.
The Orion protocol does not set a limit on the amount of tokens you can buy. This means you are at liberty to buy as much or as little as you need. Notably, some brokers may set minimum requirements on the amount of Orion Protocol tokens you can buy.
On 22 March 2021, Orion Protocol achieved an all-time high of $29.29. On 16 July 2020, the coin hit its all-time low of $0.53.
If you don’t have an external wallet with digital tokens, you might be wondering how you can buy Orion Protocol with your debit/credit card. Technically, you cannot buy the Defi coin directly with your card. Instead, you can buy a major cryptocurrency like BNB through your Trust Wallet. Then connect to Pancakeswap, and exchange the coin for Orion Protocol.
There is a maximum supply of 100 million Orion Protocol tokens. The circulating supply is over 29 million tokens. Finally, the coin’s market cap is over $256 million as of mid-2021.. How much is Orion Protocol?
Is Orion Protocol a good buy?
What is the minimum Orion Protocol tokens you can buy?
What is the Orion Protocol all-time high?
How do you buy Orion Protocol tokens using a debit card?
How many Orion Protocol tokens are there?
Buy DeFi Coin (DEFC)
Etoro - Best For Beginner & Experts
- Decentralised Exchange
- Purchase DeFi Coin with Binance Smart Chain
- Highly Secure