Crypto Buying Tips

How and Where to Buy OctaSpace (OCTA) – Detailed Guide

What is OCTA?

OctaSpace is a decentralized cloud platform that offers a range of distributed computing services, data storage, VPN services, and more, designed to be user-friendly for those new to the concept of distributed computing.

What Makes OctaSpace Unique?

OctaSpace stands out from traditional cloud providers due to several unique features, including:

  • Expansive Possibilities: OctaSpace offers a diverse range of distributed computing services, including GPU and CPU resource rental, VPN services, and more. This provides users with a wide range of options for their computing needs and opens up new possibilities for industries like gaming, IoT, and AI.

  • Various Use Cases: OctaSpace supports cloud storage, decentralized VPNs, and rental services, offering a multifaceted platform for users. It provides a secure and decentralized option for storing and processing data, making it an attractive choice for individuals and organizations that prioritize data privacy and security.

  • Security and Privacy: OctaSpace offers reinforced privacy and security with its decentralized infrastructure and VPN options. By utilizing a distributed network of nodes, users can ensure that their data is protected from potential attacks or breaches.

  • Environmental Considerations: OctaSpace encourages resource optimization by allowing users to share and rent unused computing resources. This reduces waste and promotes efficient use of energy and hardware, contributing to a more sustainable approach to computing and data storage.

  • Decentralized Cloud Storage: OctaSpace offers a secure and cost-efficient option for cloud storage, compared to traditional centralized cloud storage providers. Users can enjoy reinforced privacy and security with decentralized infrastructure and VPN options.

  • Staking Mechanism: OctaSpace encourages holding tokens to maintain network security. This incentivization helps to prevent centralization and creates a more decentralized network.

  • Scalability: OctaSpace is designed to be highly scalable, capable of handling increased workloads and accommodating growing user demand without compromising performance. This ensures that users can easily scale their computing resources as their needs evolve, providing a seamless experience.

OctaSpace's Architecture

OctaSpace's architecture has two layers:

  • Layer 1 (PoW): It manages account balances, service distribution, and staking rewards.
  • Layer 2 (PoA): It executes transactions during charging procedures to enhance efficiency.

Potential Applications

OctaSpace can be utilized in various industries such as:

  • Cloud Computing: Securely and efficiently rent computing resources, such as GPU, CPU power, and storage.
  • Gaming: Offer decentralized server hosting solutions for the gaming sector.
  • IoT: Provide a safe and decentralized platform for IoT data management, storage, and analysis.
  • AI: Establish a decentralized environment for AI model training and deployment, securely handling and sharing AI-generated data, and compatibility.

Advantages for Users

OctaSpace offers several benefits to its users, including:

  • Access to CPU and GPU resources from nodes worldwide to tackle heavy tasks.
  • Earning by renting out their spare hardware.
  • Conducting transactions using $OCTA tokens within the OctaChain ecosystem, optimizing costs and streamlining processes.
  • Affordable entry to decentralized cloud storage and computing solutions.
  • Seamless integration with a variety of supported tools, including AI applications.
  • Earning $OCTA tokens by sharing unused computing resources, providing VPN services, and participating as nodes in the OctaChain network.
  • Utilizing a unified marketplace that simplifies access to diverse offers and resources, enhancing the user experience.

OCTA was first tradable on 5th Apr, 2023. It has a total supply of 29,840,926.67,835,454. As of right now OCTA has a market capitalization of USD $90,705,455.37. The current price of OCTA is $1.89 and is ranked 598 on Coinmarketcap and has recently surged 17.75 percent at the time of writing.

OCTA has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy OCTA.

Step 1: Register on Fiat-to-Crypto Exchange

You will have to first buy one of the major cryptocurrencies, in this case, Bitcoin (BTC). In this article we will walk you through in details two of the most commonly-used fiat-to-crypto exchanges, Uphold.com and Coinbase. Both exchanges have their own fee policies and other features that we will go through in detail. It is recommended that you try both of them and figure out the one that suits you best.

uphold

Suitable for US traders

Select Fiat-to-Crypto Exchange for details:

OCTA

Being one of the most popular and convenient fiat-to-crypto exchanges, UpHold has the following advantages:

  • Easy to buy and trade among multiple assets, more than 50 and still adding
  • Currently more than 7M users worldwide
  • You can apply for UpHold Debit card where you can spend the crypto assets on your account like a normal debit card! (US only but will be in the UK later)
  • Easy to use mobile app where you can withdraw fund to a bank or any other altcoin exchanges easily
  • No hidden fees and any other account fees
  • There are limited buy/sell orders for more advanced users
  • You can easily set up recurring deposits for Dollar Cost Averaging (DCA) if you intend to hold cryptos long term
  • USDT, which is one of the most popular USD-backed stablecoins (basically a crypto that is backed by real fiat money so they are less volatile and can be treated almost as the fiat money it's pegged with) is available, this is more convenient if the altcoin you intend to buy has only USDT trading pairs on the altcoin exchange so you don't have to go through another currency conversion while you buy the altcoin.
Show Details Steps ▾
OCTA

Type your email and click 'Next'. Make sure you provide your real name as UpHold will need it for account and identity verification. Choose a strong password so that your account isn't vulnerable to hackers.

OCTA

You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.

OCTA

Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, UpHold is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.

Step 2: Buy BTC with fiat money

OCTA

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You may be charged higher fees depending on your credit card company and the volatile prices when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees.

OCTA

Now you are all set, on the 'Transact' screen under the 'From' field, select your fiat currency, and then on the 'To' field choose Bitcoin, click preview to review your transaction and the click confirm if everything looks good... and congrats! You've just made your first crypto purchase.

Step 3: Transfer BTC to an Altcoin Exchange

But we are not done yet, since OCTA is an altcoin we need to transfer our BTC to an exchange that OCTA can be traded. Below is a list of exchanges that offers to trade OCTA in various market pairs, head to their websites and register for an account.

Once finished you will then need to deposit BTC to the exchange from UpHold. After the deposit is confirmed you may then purchase OCTA from the exchange view.

Exchange
Market Pair
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OCTA/BTC
OCTA/EUR
OCTA/USDT
OCTA/USDT
OCTA/USDT
OCTA/USDT
OCTA/USDT

Last Step: Store OCTA securely in hardware wallets

Ledger Nano S

Ledger Nano S

  • Easy to set up and friendly interface
  • Can be used on desktops and laptops
  • Lightweight and Portable
  • Support most blockchains and wide range of (ERC-20/BEP-20) tokens
  • Multiple languages available
  • Built by a well-established company found in 2014 with great chip security
  • Affordable price
Ledger Nano X

Ledger Nano X

  • More powerful secure element chip (ST33) than Ledger Nano S
  • Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
  • Lightweight and Portable with built-in rechargeable battery
  • Larger screen
  • More storage space than Ledger Nano S
  • Support most blockchains and wide range of (ERC-20/BEP-20) tokens
  • Multiple languages available
  • Built by a well-established company found in 2014 with great chip security
  • Affordable price

If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your OCTA for a considerable long time, you may want to explore ways of keeping it safe, although Binance is one of the safest cryptocurrency exchange there had been hacking incidents and funds were lost. Because of the very nature of the wallets in exchanges, they will be always online("Hot Wallets" as we call them), therefore exposing certain aspects of vulnerabilities. The safest way of storing your coins to date is always putting them into a type of "Cold Wallets", where the wallet will only have access to the blockchain(or simply "go online") when you send out funds, reducing the chances of hacking incidents. A paper wallet is a type of free cold wallet, it's basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. However, it is not durable and is susceptible to various hazards.

Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. Ledger Nano S and Ledger Nano X and are the most popular options in this category, these wallets cost around $50 to $100 depending on the features they are offering. If you are holding your assets these wallets are a good investment in our opinion.

Frequently Asked Questions

Can I buy OCTA with cash?

There is no direct way to buy OCTA with cash. However, you can use marketplaces such as LocalBitcoins to first purchase BTC, and finish the rest of the steps by transferring your BTC to respective AltCoin exchanges.

LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. is after all a good place to go to buy Bitcoins when you can't find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed.

Are there any quick ways to buy OCTA in Europe?

Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Uphold.

Are there any alternative platforms to buy OCTA or Bitcoin with credit cards?

Yes. is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.

Read more on OctaSpace's fundamentals and current price here.

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