How to Buy Space Grime Cryptocurrency?
Space Grime is a Spontaneous Decentralized Autonomous Community that derives its intrinsic value from digital art like video games and NFTs. As the name suggests, the project is contracting with space technology companies to increase the utility of its coin in the space industry. Further, it is influenced by music and memes. With so many offers by cryptocurrency, many potential buyers are searching for how to buy Space Grime cryptocurrency.
Through this guide, we will answer this question and walk you through hand-in-hand in a series of simple steps to land you in Space with Space Grime.
Additionally, Space Grime is a proof-of-concept interplanetary currency. Its native token is known as GRIMEX and has been gaining value in the recent past.
So, let us now move on and learn how to buy Space Grime cryptocurrency without any further ado.
A step-by-step guide to buying Space Grime (GRIMEX)
Since Space Grime is yet to hit its peak and is a relatively new coin, it is not directly available for trade with fiat money. So, investors must buy either Bitcoin or Ethereum to get hands-on GRIMEX.
However, you need not worry as it still is a simple process to buy GRIMEX. Even if you are new to the crypto market, you can easily set up your portfolio and add Space Grime to your wallet. Just follow the below-mentioned steps.
Step 1: Register on Fiat-to-Crypto Exchange
You must first register with a fiat-to-crypto exchange to buy GRIMEX. There are hundreds of such exchanges available in the market. However, selecting a business that perfectly suits your requirement is a task.
Since the exchange will offer you rates, and keep your cryptocurrency, thus give it a proper thought. However, we can let you know critical points of concern to check in an exchange before registration.
Every day dozens of new exchanges enter the crypto market; however, only a few survive to offer reliable services. Therefore, look out for a reputable platform in terms of services and security.
You can quickly check their reputation by contacting other investors and chatting about exchanges.
- Commission Fees
Since crypto-brokers charge commission fees for their services, knowing them before opening an account can help you save extra money. Each exchange has its own set of charges, varying from time to time.
Therefore, request a fee tariff from your preferred exchange and compare it with similar charges of other dealers. This way, you will understand whether it charges more or less.
As the exchange holds your cryptos until you transfer them to your personal digital wallet, checking the dealer’s security features is vital. Many platforms have multi-layer security features, while others have basic ones.
So, select a platform with the most robust security, even though you may have to pay extra money.
In addition to the above-mentioned vital points, you should also consider below features:
- What is the total number of cryptocurrencies available with the exchange?
- How many payment options are available.
- What are trading hours?
Step 2: Transfer Fiat Money
Once you have selected the exchange and opened your account, you can transfer fiat money to your account. Since you cannot directly buy Space Grime with fiat, you must make a deposit.
For this reason, you can make a transfer depending on the payment options available. With the crypto market getting popular, most exchanges these days accept payment through the following options:
- Direct bank transfer
- Via credit card
- Via debit card
- Through Venmo
We recommend first making a small transfer to ensure everything is in the right place. Similarly, any amount excess of $1,000 may take a couple of days to reflect in your account, so deposit accordingly.
Similarly, avoid transferring with a credit card, as banks charge higher APRs.
Step 3: Buy Bitcoins or Ethereum
After you have transferred fiat money to your exchange account, the next step is to purchase either Bitcoins or Ethereum with it. Why are we buying these cryptos? Because Space Grime is not directly purchasable with fiat money.
It is easy to buy; log in to your account and select the Buy option on the app or website of your exchange. You can then choose ETH or BTC, enter the amount, and click the Buy button.
Step 4: Convert BTC or ETH to GRIMEX
You are now all set to enter the exciting world of Space Grime. Just as you have bought BTC or ETH, here you need to choose the Trade option from the exchange’s website or mobile app.
Further, you will search from Space Grime or its short name GRIMEX. Then enter the amount you want to spend, and click the Trade button.
Viola! There you have it, as simple as it gets.
Step 5: Storing Space Grime
However, all still needs to be done, as you need to store your GRIMEX tokens in a secure place. Generally, crypto exchanges offer holding facilities, but you can also choose to have your wallet.
There are two types of storage facilities currently available in the market.
- Hot Wallet:
It is a type of digital wallet which do not cost more and always has an internet connection. However, it could be more secure, and most exchanges offer this type of wallet.
- Cold Wallet:
It is a type of wallet that is generally expensive and more secure than a hot wallet. It is like a USB stick, which is only connected to the internet when any transaction is required.
Frequently Asked Questions
Can I buy 1 Space Grime (GRIMEX)?
The simple answer is yes; you can buy one or even less than one GRIMEX.
Where to buy Space Grime (GRIMEX)?
Since GRIMEX is a new project, only a few traders currently deal in it. However, you can buy it from PancakeSwap (V2), UPHOLD, or Coinbase.
Is Space Grime a good investment?
GRIMEX is highly volatile, just like other cryptocurrencies; therefore, we recommend seeking professional advice before investing in GRIMEX.
There you have it, and now you know how to buy Space Grime.
Although it is a new concept, it has attracted handsome investment worldwide. Therefore, many new investors are planning to invest in this project.
Since it is currently available for purchase through fiat money, you first need Bitcoin or Ethereum. After this, you can easily trade your Bitcoin with Space Grime. Then storing your GRIMEX coins in a cold wallet is preferred.
However, we always recommend seeking professional help before investing in Space Grime. In addition, you can do your homework as well, closely study market trends and act accordingly to maximize returns.
We wish you luck with your investment, and please share your experience adventuring with Space Grime.