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How to buy Ocean Protocol with Debit Card
Why investors buy Ocean Protocol with Debit Card
A debit card is a payment card that, unlike a credit card, is directly linked to the customer’s account using the money they have on deposit to pay for their purchase. Debit Card payment methods can be used to buy goods or to use services. Debit cards are accepted at millions of online stores and can be easily added to your digital wallets. Some of the main advantages of offering debit card payment services would be:
- The user never accumulates debt by spending from the debit card because it spends from users’ owned money directly. Therefore, it can help you prevent spending beyond your budget.
- It is safe to use against fraud.
- Debit cards do not have an annual fee.
Is OCEAN a good investment?
Ocean Protocol is a decentralized data exchange platform designed to allow data providers to securely and privately share valuable data and artificial intelligence models while maintaining control over their data. It enables users to discover, access, and use data through a marketplace while ensuring data privacy, security, and compliance with data sharing agreements. Through this protocol, publishers can earn money from their data while maintaining privacy and have control, and along with this, users or data consumers will have access to a set of data that was previously unavailable or difficult to find. These datasets can be found on Market Ocean, a place to buy, use and sell them.
The main idea of Ocean Protocol is to make data available to startups and researchers without leaving the ownership of their custodians. The Ocean platform is built with the goal of facilitating the exchange of data, and connecting users who need this data, or cannot afford to store it, with users who have data to sell. In return, data providers of the Ocean Protocol cryptocurrency are rewarded.
Who can buy Ocean Protocol with Debit Card
Anyone with a bank account can own a debit card and anyone with a verified debit card and an account on our exchange can enjoy our Debit Card payment service to buy cryptocurrencies. Offering cryptocurrency purchase services using debit cards means more flexible financing for our exchange users.
What is Ocean Protocol ?
OCEAN is the native token of the Ocean Protocol blockchain. Crypto traders use the symbol "OCEAN" to refer to the Ocean Protocol token (OCEAN), which is commonly traded on different platforms. The symbol is used to distinguish it from other crypto assets and to make it easier for users to identify and trade the token. The symbol is standardized and is widely recognized by the cryptocurrency community, making it easier for users to trade OCEAN on different mediums.
What is OCEAN
Ocean Protocol (OCEAN) started its seed sale in Oct, 2017 raising about 3.8 million Euros with the price of 1 OCEAN equivalent to $0.09 USD. The Ocean Protocol (OCEAN) Pre-launch took place on Mar 7, 2018, through which it raised 16 million Euros with the price of each OCEAN token at $0.23 USD. The project then completed a Network launch on Mar 6, 2019 through which it raised another 1.8 million Euros selling each OCEAN at the price of $0.25 USD. There was then an International IEO from Apr 30 to May 3 of 2019 in which the project raised $6.4 million dollars by selling each OCEAN priced at $0.12 USD.
In 2020, Ocean Protocol’s native token experienced a rally that took prices up to a peak of $0.08 in February. Even though it finished the year with a value of $0.32, it still outperformed 68% of the top 100 crypto assets on the market in just 1 year since its launch. The OCEAN token was off to a very good start as in early 2021 immediately as its price increased to an all-time high of $1.96, representing year-to-date gains of over 510%. This was driven by increasing interest in the Ocean Protocol project and growing demand for cryptocurrency in general. Later that year, another upsurge took OCEAN to $1.72 in May. OCEAN's price fluctuated between $ 0.5 and $ 0.18 throughout 2022, as the general crypto market was not so promising. OCEAN's price is off to a good start in 2023, as it has started the year on the $0.3 mark. According to some crypto market experts, Ocean Protocol’s native token’s price could even rise up to $12 by the year 2030. Please note that this is not financial advice and it is important to do your own research, consult with professionals and understand the market before starting investments in the cryptocurrency market.
How to buy OCEAN with Debit Card instantly?
The transactions paid through the Debit Card payment service are instantaneous, as Debit Card is directly linked to your cash-funded bank account. For that reason, depositing funds and withdrawing money from our exchange also happen instantly when using a debit card payment service as the funds are immediately deducted from your account.
Where can I buy OCEAN online with a Debit Card?
In order to offer more payment options for users to purchase cryptocurrencies simpler, our exchange provides Debit Card as a form of electronic payment service. To use debit card payment on our exchange, you must first log into your account on Blocktrade.com. After doing so, select the digital coin or the crypto token you want to purchase, enter the quantity of cryptocurrency you need to buy, and then choose to charge your account balance using a debit card. Your transaction will take place straight away.
Is OCEAN Reliable?
Ocean Protocol uses established security measures and has had no reported security breaches to date. The Ocean Protocol platform uses several mechanisms to ensure security, these include: Blockchain technology, Cryptographic signatures, Access control through smart contracts, Data privacy through secure multi-party computation or homomorphic encryption.
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FAQ
Frequently asked questions
Ocean Protocol is a valuable project because it enables secure and transparent data exchange between individuals and organizations, it also facilitates the creation of new data-driven products and services. Additionally, it provides a way for individuals and organizations to monetize their data. It uses blockchain technology to ensure data privacy and security. And at last, this project can be very interesting to an average data user as it offers a decentralized and open platform for data exchange, where users retain control over their data. Such reasons could lead to the increase of this project's popularity and demand in the future.
In a nutshell, we could name these advantages of Debit Card: No debt, No application or minimum credit score needed, Less fees, Identity theft protection, Fast withdraw verification
Ocean Protocol was founded in 2017 by an experienced group of consultants and entrepreneurs who have extensive experience in developing and growing high-tech businesses.
The main team of Ocean Protocol includes: Bruce Pon, an experienced international project manager and current CEO of BigchainDB, Trent McConaghy, an experienced engineer and artificial intelligence expert, Christina Pon, Marketing Director of Ocean Protocol and BigchainDB, and Razvan Olteanu, who has more than 20 years of technical and managerial experience in senior roles. The main team of Ocean Protocol currently consists of 15 people. The project is supported by a huge team of consultants, many of whom are experts in artificial intelligence, blockchain, big data and business, and have developed and managed their own successful companies. The project is supported by Ocean Protocol Foundation, a non-profit foundation based in Singapore, and OceanDAO.
Debit cards generally have no additional fees. But note, if you make a transfer from a terminal whose issuing bank is not your debit card bank, some transaction fees may be deducted from your card account. Or if you withdraw or spend an amount from this card that exceeds its balance, you will also have to pay a fee. But there are zero exchange fees for your crypto-trading through our exchange.
Since Ocean Protocol’s digital currency is an ERC-20 token and conforms to Ethereum standards, it can be stored on a wide range of Ethereum-compatible wallets. In addition to these software wallets, which are free and web-based or app-based, you can also store your valuable OCEAN tokens on hardware wallets. If you have a large amount of OCEAN tokens and you do not intend to buy or sell them at the moment, it is probably a better option to keep them in a hardware wallet. Although hardware wallets are not free, they have much higher security. Also, on our exchange, in addition to the possibility of buying and selling OCEAN tokens, there is also an internal wallet where you can store your crypto tokens after purchase. One of the most important features of the internal wallet of our exchange is the elimination of the transaction fee of transferring assets to a personal wallet. Also, if you want to transfer your Ocean Protocol crypto currency to the exchange and buy and sell it, the speed of your operation will be faster through this internal wallet.
The bank may agree to the transaction in accordance with the conditions of your account or the policies of your debit card network, but it may also charge an overdraft fee for that transaction and any subsequent ones, up until you make a sufficient deposit.
