How to Buy Band Protocol: Invest in BAND Tokens Today!

The Band Protocol is a cross-chain API oracle originally built on the Ethereum blockchain. The protocol has since shifted ground to the Cosmos SDK – which it did in 2020. As an oracle, the project aims to provide accurate, real-life information to independent blockchains that cannot access the off-chain data they need. 

Now, it is the primary challenger to the dominance of Chainlink in the oracle sphere. When the founding team launched the protocol, its native token, BAND, was released in an initial coin offering (ICO) that saw the project raise $3 million.

Today, the protocol has broken past previous barriers it faced during its early stages and now competes as one of the most impressive projects in the Defi space. If you intend to understand how to buy BAND, this guide is for you.

How to Buy BAND: Quickfire Walkthrough to Buy BAND in Less Than 10 minutes

If this is not your first time trading cryptocurrency, and you just want a quick run-through of how to buy BAND, this brief walkthrough is in order.

With this concise guide, you will learn how to buy BAND in less than 10 minutes. Here you go:

• ಹಂತ 1: ಟ್ರಸ್ಟ್ ವಾಲೆಟ್ ಡೌನ್‌ಲೋಡ್ ಮಾಡಿ: You have to start by getting the Trust Wallet. You need a wallet to buy this token, and you will understand more about the importance of good storage as you read further. So, go to the app store your device uses and download the Trust Wallet. Then, install the app and set up your wallet by following the prompts. 
• Step 2: Search for BAND: On the homepage of your Trust Wallet, look for the BAND token by clicking on the bar located at the top right corner of the screen and searching for it.
• Step 3: Add Cryptocurrency Asset to your Wallet: Once you locate BAND, the next step is to fund your wallet. Your new digital wallet will be empty – so you need to fund it. Add assets to your wallet by sending some digital tokens from an external source or buying straight from Trust using your credit/debit card.
• ಹಂತ 4: ಪ್ಯಾನ್‌ಕೇಕ್ಸ್‌ವಾಪ್‌ಗೆ ಸಂಪರ್ಕಪಡಿಸಿ: You cannot buy BAND directly on Trust, so after funding your wallet, connect to Pancakeswap. Here, you can swap the major coin in your wallet for BAND. Next, connect to Pancakeswap by clicking on ‘DApps’ on Trust. After that, select ‘Pancakeswap’ from the list and click on ‘Connect.’
• Step 5: Buy BAND: Once you are connected to Pancakeswap, you can now buy BAND on the platform by swapping the major coin in your Trust Wallet for the token. Start by clicking on the ‘Exchange’ button. Next, click on ‘From’ and choose the coin you want to exchange for BAND. Then, go to ‘To’ and choose BAND.

Enter the number of BAND tokens you want and click on ‘Swap.’ That is it; all done in less than 10 minutes!

ಕ್ರಿಪ್ಟೋಕರೆನ್ಸಿಗಳನ್ನು ಖರೀದಿಸುವಾಗ ಉಂಟಾಗುವ ಅಪಾಯಗಳನ್ನು ಯಾವಾಗಲೂ ಪರಿಗಣಿಸಿ. ಡಿಜಿಟಲ್ ಸ್ವತ್ತುಗಳು ಹೆಚ್ಚು ula ಹಾತ್ಮಕ ಮತ್ತು ಬಾಷ್ಪಶೀಲವಾಗಿವೆ. 

How to Buy BAND – Full Step-by-Step Walkthrough

The quickfire walkthrough is a straightforward guide for anyone already familiar with buying cryptocurrency. However, beginners may not find it explanatory enough.

To help you out further, we have prepared a more comprehensive guide that breaks down every step. Learn how to buy BAND by following this detailed guide below – and a lack of experience will not be an issue for you.

ಹಂತ 1: ಟ್ರಸ್ಟ್ ವಾಲೆಟ್ ಡೌನ್‌ಲೋಡ್ ಮಾಡಿ

Start the process by downloading Trust Wallet. There are various wallets in the market, but this option has proven to be the best for simplicity and comprehensiveness – two core features that will be of immense help to you. Therefore, visit your relevant app store and get Trust Wallet.

After getting the app, you can set it up by following the prompts. Setting the app up will require you to create a PIN. Ensure that your PIN is strong in a way that others cannot guess. 

Once you have your PIN, Trust Wallet will provide you with a 12-word passphrase. This passphrase is unique to each user and will allow you to access your wallet if you lose access to it for any reason.

ಹಂತ 2: ನಿಮ್ಮ ಟ್ರಸ್ಟ್ ವಾಲೆಟ್‌ಗೆ ಕ್ರಿಪ್ಟೋಕರೆನ್ಸಿ ಆಸ್ತಿಯನ್ನು ಸೇರಿಸಿ

Now that you have a wallet, you need to fund it to purchase BAND tokens. You can fund your wallet by adding cryptocurrency assets to it. You can do this in two ways; transfer cryptocurrency from an external wallet or by using a credit/debit card.

We will explain the two methods now.

ಬಾಹ್ಯ ಕೈಚೀಲದಿಂದ ಕ್ರಿಪ್ಟೋಕರೆನ್ಸಿಯನ್ನು ಕಳುಹಿಸಿ

You can add cryptocurrency to your Trust by sending some funds from another wallet. This method comes easy if you have another wallet that has digital tokens within it.

If you have never transferred assets from one wallet to another before, follow this guide, and you will be good to go.

• Open your wallet and select ‘Receive.’
• Pick the cryptocurrency you want to send in.
• Copy the wallet address displayed; it is unique to you.
• Go to the other wallet and paste in the address you copied from Trust.
• Enter the amount of cryptocurrency you want to send and confirm.

You will receive the asset in your Trust Wallet in a couple of minutes.

ಕ್ರೆಡಿಟ್/ಡೆಬಿಟ್ ಕಾರ್ಡ್ ಬಳಸಿ ಕ್ರಿಪ್ಟೋಕರೆನ್ಸಿ ಖರೀದಿಸಿ

Another way to make a deposit in your wallet is to buy digital tokens directly on Trust through your credit/debit card. This option is most suitable for new investors who do not have any other wallet.

Here is a simple step-by-step guide on buying cryptocurrency on Trust using your credit/debit card.

• ಟ್ರಸ್ಟ್ ವಾಲೆಟ್ ತೆರೆಯಿರಿ ಮತ್ತು 'ಖರೀದಿ' ಮೇಲೆ ಕ್ಲಿಕ್ ಮಾಡಿ.
• Go through the options listed and choose the coin you want to buy. If you will swap the digital currency for BAND later, pick an established coin such as BNB.
• The next step will require you to undertake a Know Your Customer (KYC) process. The KYC process will enable Trust to verify your identity as required when trading with fiat money.
• You will be required to provide a government-issued ID.
• Enter the amount of cryptocurrency you want to buy.

Confirm the transaction and wait as your cryptocurrency is deposited into your wallet.

Step 3: How to Buy BAND through Pancakeswap

Being a small-cap Defi coin, you cannot buy BAND directly on Trust Wallet. Instead, you have to connect to an exchange platform to do this. There are two significant types of exchange platforms; centralized and decentralized. 

To buy BAND, it is better that you use a DEX like Pancakeswap. Here, you can swap the established coin in your wallet for the token without facing third-party hurdles.

Below we have provided a simple breakdown on how to buy BAND on Pancakeswap. You can replicate the result by following the process step-by-step.

• Once you connect to Pancakeswap from your Trust Wallet, click on ‘DEX’.
• Follow by clicking on ‘Swap.’
• Click on ‘You Pay’ and select the coin you want to pay with. You should pick the same cryptocurrency that is in your Trust Wallet.
• Input the amount you want to purchase and move onto the next section.
• Click on ‘You Get’ and pick BAND from the list. The platform will display the swapping rates between the two assets.
• Choose ‘Swap’ and finalize your transaction.

You will receive your BAND tokens in your wallet shortly after.

Step 4: How to Sell BAND

Learning how to sell BAND is very similar to the initial token investment process. Just like there are two ways to buy the token, the same also applies to selling BAND when you decide to. You can sell BAND by exchanging it for another cryptocurrency asset or fiat money.

Below we explain both methods clearly.

• To sell BAND by swapping for another cryptocurrency, you must use an exchange platform such as Pancakeswap.
• Connect to Pancakeswap and follow the same process you took to buy the token.
• The major difference is that, when purchasing the token, you picked BAND under the ‘You Get’ section, But now, you have to select it under ‘You Pay.’
• Then, choose the asset you want to buy under the ‘You Get’ section.
• Finally, click on ‘Swap’ and confirm.

The other method is to sell your BAND tokens directly for fiat money. This cannot be done on Pancakeswap, so you have to use a CEX like Binance. Ensure you have an account with Binance and then send your tokens there.

You will have to fill in some details, after which you can sell your token. After that, you can get your fiat money into your bank account.

Where Can You Buy BAND Online?

Cryptocurrency trades take place online through centralized and decentralized exchanges. You can buy BAND from any of these exchanges, but being a Defi coin, buying the token from a decentralized platform is preferable.

A top decentralized exchange is Pancakeswap, and it offers the option of swapping major coins for BAND.

Pancakeswap – Buy BAND Through a Decentralized Exchange

Pancakeswap is a decentralized exchange that makes use of the AMM model. The AMM model stands for Automated Market Maker. The significance of these platforms is that they allow you to have freedom by matching your orders against the system rather than other traders. This also eliminates the need for an intermediary when trading.

As the Defi market grows, Pancakeswap offers features that suit the needs of investors who are looking for alternatives to the exchanges that have dominated the market for years. The prominent feature of Pancakeswap is the liquidity pool. The platform has over 68 liquidity pools. These pools allow you to invest your spare tokens for regular interest payments.

The platform’s operation allows you to add your tokens into pools already filled with other investors’ funds. Then, Pancakeswap uses the assets in the liquidity pools to facilitate buy and sell orders – and then shares the profits among investors who have put their funds in it. Of course, the profit you earn depends on how much you invest, the respective token, and how long you leave the funds locked up.

As exciting and profitable as the liquidity pools are, there are other features that have made Pancakeswap a favorite among many investors. These features include the versatility of CAKE, the platform’s native governance token. You can use CAKE to earn extra income in other spots on the platform, such as staking in SYRUP pools and FARMS.

ಪರ:

ಈಗ ನಮ್ಮ ಉಚಿತ ಟೆಲಿಗ್ರಾಮ್ ಗುಂಪಿಗೆ ಸೇರಿ!