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Learn More about buying OCEAN in France
How to buy Ocean Protocol in France
Is OCEAN a good investment in France?
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.
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.
Is Ocean Protocol legal to buy in France
Yes. According to the PACTE Law Act No. 2019-486 cryptocurrencies are legal and considered
to be digital assets. It is estimated that 3.4 million people or 5.0% of France’s total population,
currently own crypto assets.
Is Ocean Protocol taxed in France
Yes. According to Article 150 VH bis of the Tax Code, Cryptocurrency capital gains of individual
investors are taxed at a flat rate of 30 per cent and according to Article 150, VH bis, II, A of the
Tax Code, crypto-to-crypto transactions fall outside the scope of the capital gains tax. This
means that according to the mentioned tax code, the taxation is applicable when the
cryptocurrencies are either sold against legal currency or used to purchase a good or service.
This measure simplifies tax accounting and reporting, although individual investors still need to
accurately track their transactions to be able to justify their gains. In addition, according to the
Article 150, VH bis, II, B of the Tax Code, individual taxpayers are not subject to income tax if
the gains do not exceed 305€ per year.
After you've bought Ocean Protocol in France
The OCEAN token has several uses within the Ocean Protocol network, including: Access to data and services provided by the network, Staking to secure the network and earn rewards, Governance through voting on protocol upgrades and other important decisions, Payment for data and compute services provided on the network. The OCEAN token can also be used outside of the Ocean Protocol network as a form of currency or asset for: Trading on cryptocurrency exchanges, Payment for goods or services from merchants who accept OCEAN, and for investment or speculative purposes.
Who can buy Ocean Protocol in France
Anyone. Buying cryptocurrency in France is a straightforward process. The faster and more
convenient method to purchase cryptocurrencies in France is through the help of exchanges. It
is worth noting that our exchange supports payment methods such as: Apple pay, Google pay,
Credit Card, Debit Card, Bank Transfer and PayPal in France.
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Payment methods to buy Ocean Protocol in France
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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.
Yes. Mind that according to Article 150 VH bis of the Tax Code, the gains made from selling
crypto for euro or any fiat currency is taxed as Flat Tax. If you are an occasional trader, there
are no taxes on buying or holding cryptocurrencies in France. Also, one of the cheapest ways to
handle crypto assets is through our exchange, because we charge ZERO fees for such
According to Article 150 VH bis of the Tax Code, the sale of cryptocurrency for Euros or other
legal currencies is what triggers a taxable event in France. Cryptocurrency owners who hold
onto their crypto-assets without converting them into fiat currency therefore do not have to pay
taxes. Secondly, total capital gains, including those from crypto disposals, up to €305 per year
There is no official minimum amount to buy Ocean Protocol (OCEAN) set by the Ocean Protocol project. The minimum order requirement to buy OCEAN token on our exchange is $10 USD. Plus, there are multiple payment options available for your convenience while using our exchange.
The online income tax declaration is now available for everyone. The people who are technically
or otherwise unable to complete an online form may continue to submit a paper form.
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.