+24.64% growth: How to Buy Proton Token (PTT) – A Step by Step Guide

What is PTT?

Proton Token (PTT) is a cryptocurrency token and operates on the Ethereum platform. Proton Token has a current supply of 10,000,000,000 with 8,286,734,061.287 in circulation. The last known price of Proton Token is $0.000066 USD and is up 8.60% over the last 24 hours. It is currently trading on 4 active market(s) with $115,215.559 traded over the last 24 hours. More information can be found at https://www.proton.global/.

Currently, PTT is being ranked 1094 on Coinmarketcap and has recently surged a hefty 24.64% at the time of writing.

PTT 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 large 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 PTT.

Step 1: Register on Coinbase

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC) or Ethereum (ETH). We will use Coinbase here as it is one of the largest crypto exchanges that accept fiat deposits. Use this link to register at Coinbase and you will receive a free amount of $10 worth of BTC after buying $100 worth of cryptos.

Show Detailed Steps ▾

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

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.

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, Coinbase 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 coins with fiat money

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 will be charged higher fees 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, such as iDeal in some European countries.

Now you are all set, click the "Trade" button at the top left, choose the coin you want to buy and confirm your transaction...and congrats! You've just made your first crypto purchase.

Step 3: Transfer your cryptos to an Altcoin Exchange

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

Once finished you will then need to make a BTC/ETH/USDT deposit to the exchange from coinbase depending on the available market pairs. After the deposit is confirmed you may then purchase PTT from the exchange view.

Exchange
Market Pair
PTT/USDT
PTT/ETH
PTT/ETH
PTT/ETH

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once PTT gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Last Step: Store PTT securely in hardware wallets

If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your PTT 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 and Trezor 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. Use this link to buy Ledger and use this link to buy Trezor.

Frequently Asked Questions

Can I buy PTT with cash?

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

Buy Bitcoin from local sellers

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. LocalBitcoins 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 PTT 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 Coinmama.

Popular online banks in Europe are Bunq, N26 and Revolut. Check out this article for more information about these banks.

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

Yes. Changelly 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.

Latest News for PTT

Proton Global8 months ago
China's President Xi Jinping wants the country to 'take the leading position' in blockchain Yes Sir! https://t.co/sjUIiWNwgn
Proton Global8 months ago
#PTT Data security, collaboration, application in financial industry and will be major focus areas https://t.co/hbL8zQAg4b
Proton Global10 months ago
2. The new buyback program by #Proton team 0x7e192e7e36a08c26f5a0a1c2a57393c8e2ffc138 has 130m PTT already and the… https://t.co/MAGxast7Fd
Proton Global10 months ago
$PTT holders, some update in regards our buyback program: 1. 0xfa26a60572ccdbb9aa7caa0ffc64d7c1d123dc72 has reach… https://t.co/6TB22BeR9K
Proton Global10 months ago
Incase you don’t know, we have already brought back 236m #PTT within one weekend and put it in address 0xfa26A60572… https://t.co/rd60YSATMs

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