Storj revolutionized cloud storage when it published its whitepaper in 2014 and launched its current version in the middle of 2019.
In this article, Trading Education shares the best ways to buy Storj (STORJ) in 2022. In the end, you will discover numerous factors you have to consider before deciding on the best cryptocurrency exchanges to buy STORJ.
Storj is a decentralized cloud storage protocol that helps store files in a way where they are encrypted, split into pieces, and distributed on a global network. As one of the pioneer decentralized cloud storage networks, Storj is one of the most sorts after protocols in the crypto finance space today.
The control centralized cloud storage companies such as EGNYTE, Box for Business, and Dropbox have over files have led millions of people into patronizing Storj.
As an open-source network, Storj is a high-performance technology that can easily be accessed, it’s secure, and upholds the privacy of users.
The extensive mileage of the decentralized cloud storage network has reflected positively in the native asset of the protocol, STORJ. After the crypto trading asset shed approximately 37% of its opening day value in 2022, many traders and investors have taken advantage of the bearish outlook of the market to buy STORJ coins.
Before you decide to invest in STORJ with any amount of money, you should answer the questions about how to buy STORJ and where can I buy STORJ?
Once you arrive at quality answers, you will realize that when it comes to finding the best cryptocurrency exchange to buy STORJ, it is extremely easy. By following this article in its entirety, you will be informed about the different ways to buy it based on your geographical location, and more importantly, your preferences.
TABLE OF CONTENTS:
- Best 5 Exchanges To Buy STORJ
- Introduction To The Crypto World Of Storj (A Decentralized Cloud Storage Protocol)
- Comparison Of Payment Methods Used To Buy STORJ
- The Cheapest Place To Buy STORJ
- The Safest Way To Buy STORJ
- The Easiest Way To Buy STORJ
- The Fastest Way To Buy STORJ
- How Do I Buy STORJ Near Me?
- Best Ways To Buy STORJ Anonymously
- Best Ways To Buy STORJ With PayPal
- Best Places To Buy STORJ With Your Bank Account
- Best Places To Buy STORJ With Credit/Debit Cards
- See You On The Other Side!
Best 5 Exchanges To Buy STORJ
Although we earlier mentioned that finding the 5 best exchanges to buy STORJ is relatively easy, it takes time to find a trustworthy place to buy it. According to our research, there are approximately 40 exchanges that support the trading of STORJ.
As a result, experts and analysts had to do an individual study of these exchanges. Through an extensive assessment, our experts and analysts found numerous issues that several unsophisticated traders and investors (those who do not embark on fundamental and technical analysis before making decisions) normally ignore.
Some of the issues that arose were anonymity, customer service, reputation, speed, liquidity, security, regulation, geographical location, fees, insurance, limits, payment methods, and privacy among others.
Finally, Trading Education reached a conclusion on the best ways to buy STORJ based on daily volumes (liquidity), payment methods, fees, regulation, and reputation.
The exchanges that constitute the best places to buy STORJ in 2022 have been recommended to our readers who came back to give us rave reviews. And the winners are eToro, Upbit, OKX, Binance, and other Honorable Mentions.
As a multi-asset exchange, eToro has been operating since 2007. The exchange launched support for digital assets in 2014 after extensive demand by their users.
Having operated without incident for the last 15 years, eToro is known for its speed in the execution of orders which helps avoids slippages.
Serving more than 23 million users globally, as of June 2021, it is not surprising to come across several questions about the relationship between eToro and STORJ on Google, Bing, and Yahoo. Some of the questions being asked include but are not limited to does eToro support STORJ, when did eToro add support for STORJ, can I buy STORJ on eToro, how many coins does eToro support, how do I buy STORJ on eToro, and is STORJ on eToro?
On March 1, 2022, eToro added STORJ to the list of cryptocurrencies supported.
You can buy STORJ on eToro by simply registering for an account with your full legal name, active email address, active phone number, and a provable residential address.
After this, you will be asked to verify your account with government-issued identification cards, and a bank statement. In addition to this, you will have to deposit funds in the form of USD, EUR, or GBP.
Once done, navigate to the STORJ page, order any amount of STORJ tokens, they will be processed and added to your portfolio.
Before you invest in STORJ, let us assess the pros and cons of eToro.
✅ Supports more than 100 countries.
✅ Highly accessible exchange (Android, iOS, and World Wide Web).
✅ Supports payment methods that offer free deposits.
✅ High Payment Method Support (PayPal, Skrill, Neteller, Bank Cards, and Bank transfers).
✅ Copy-trading (this helps novice traders copy the trades of experienced traders).
✅ Provides $10,000 in virtual funds that never expire in a demo account.
✅ Smooth verification process.
✅ Highly liquid exchange.
✅ Supports 55 cryptocurrencies, as of March 2022.
✅ A well-regulated exchange that is highly secured.
❌ Customer service could deal with some improvement.
❌ A $50 minimum deposit is relatively expensive for cryptocurrency investors.
Binance is part of a huge ecosystem that comprises decentralized exchanges, stablecoins, crypto wallets, and decentralized protocols/applications (DAPPS).
Launched In 2017 to serve the needs of a booming crypto market, the cryptocurrency exchange is the largest platform globally when accounting for daily volume.
Binance supports more than 100 countries and this accounts for the more than 28 million users of its platform, as of October 2021.
With many traders and investors beginning their crypto journeys through Binance, it is understandable to find numerous questions about the relationship between Binance and STORJ.
On 3rd November 2017, Binance announced that it has listed STORJ for trading.
As of writing, Binance is the second-largest exchange to buy STORJ, and a trading volume of more than $3 million had been recorded on the exchange for the token.
Let us analyze the pros and cons of Binance before you invest in STORJ.
✅ Supports approximately 314 cryptocurrencies (as of Monday, March 21, 2022).
✅ Supports approximately 1,224 (as of Monday, March 21, 2022).
✅ The best exchange by trading volume (records at least $10 billion daily).
✅ Beginners will find the exchange resourceful.
✅ Highly accessible (World Wide Web, Google Play, and Apple Stores).
✅ There is some form of anonymity for basic account holders.
✅ Highly regulated exchange.
✅ Highly scalable and secure platform.
✅ Relatively low trading fees.
✅ Staking is available.
✅ Supports several payment methods (direct deposits can be done via TrustWallet and bank cards).
❌ Difficult verification process.
❌ Too sophisticated for many beginners.
❌ Continues to face regulatory problems in some countries.
❌ Binance.US is limited in many ways.
❌ Does not support Skrill, PayPal, and co. as payment methods.
Rebranded as OKX in January 2022 due to OKEX being mired in some hacking controversies in the past, OKX is the second-largest exchange by monthly trading volume.
The exchange launched in 2017 to take advantage of the liquidity in digital assets after Bitcoin (BTC) reached new milestones.
With more than 20 million users globally, OKX has become one of the go-to platforms for the trading of Bitcoin, Ethereum (ETH), Cardano (ADA), and other altcoins.
With STORJ making waves in the crypto finance market, many questions have been asked about the token’s availability, and OKX happens to be one of them.
OKX lists STORJ for trading and is the third-largest exchange for STORJ in terms of the trading volume. As of writing, the trading volume of STORJ on OKX was more than $3 million.
Before you invest in STORJ, let us assess the pros and cons of OKX.
✅ Supports approximately 264 cryptocurrencies (as of Monday, March 21, 2022).
✅ Supports approximately 431 markets (as of Monday, March 21, 2022).
✅ Three-way accessibility (Google, Apple Stores, and World Wide Web).
✅ Staking rewards are available on the exchange.
✅ Customer service is one of the best in the space.
✅ Highly regulated exchange.
✅ Highly secure exchange.
✅ Supports several payment methods.
❌ NO Demo accounts for beginners to experiment with.
❌ NOT available to residents of the United States.
❌ Unverified accounts face several limitations.
Launched in 2017, Upbit is one of the top exchanges in Asia. Founded by Dunamu Incorporation in South Korea, the exchange is one of the largest cryptocurrency exchanges by daily trading volume.
In an updated report by Statista which tracks the largest cryptocurrency exchanges based on 24-hour volume in the world on Monday, March 21, 2022, Upbit placed 7th.
The exchange recorded $3.13 billion for the day.
Although Upbit does not have the popularity of other exchanges, it has been vetted as one of the best ways to buy cryptocurrencies. With more than 8 million users on their platform, based on its daily volume, many traders want to know more about the Upbit/STORJ relationship.
It is very easy to come across questions such as is STORJ on Upbit, can I buy STORJ on Upbit, does Upbit support STORJ, and when did Upbit add support for STORJ?
Upbit supports the trading of STORJ and the exchange is by far the largest platform to support the token in terms of the daily trading volume.
As of writing, the trading volume of STORJ on Upbit was more than $5 million. Before you throw funds behind STORJ, let us analyze the pros and cons of Upbit.
✅ Supports 150 cryptocurrencies (as of Monday, March 21, 2022).
✅ Supports 251 markets (as of Monday, March 21, 2022).
✅ High volume exchange (record at least $1 billion daily).
✅ Users enjoy free deposits.
✅ Free from regulation (no Know Your Customer).
✅ Highly accessible exchange.
✅ Highly secure exchange.
✅ Many educational resources are on the platform.
❌ Does NOT support residents of the United States.
❌ NOT regulated (highly risky).
❌ Customer service could do with some improvement.
❌ Does not support many payment methods.
❌ Relatively higher trading fees.
5. Honorable Mentions
Although the aforementioned exchanges are the best ways to buy STORJ, they are not the only ones.
Some of the other places to buy STORJ are AAX, DigiFinex, Coinbase Pro, Gate.io, Huobi Global, Kraken, BitMart, Kucoin, Crypto.com, FTX, Bitvavo, Uniswap V3, Bitfinex, Bitstamp, Korbit, Bittrex, Indodax, Poloniex, WazirX, Hoo.com, Nami, HitBTC, BKEX, ZB, MEXC Global, LATOKEN, BigONE, AEX, Bitget, CoinTiger, Mandala, Hotbit, and CoinEx among others.
Introduction To The Crypto World Of Storj (A Decentralized Cloud Storage Protocol)
As of March 2022, there are more than 18,000 crypto projects in the crypto fiancé space, according to CoinMarketCap.
Since Storj first launched on Bitcoin’s blockchain and migrated to Ethereum’s blockchain in 2017, you should know that the protocol engages with several aspects of the crypto world.
More often than not, Storj comes into contact with cryptocurrencies, stablecoins, decentralized oracle networks, decentralized protocols or applications (DAPPs), decentralized finance (DeFi), centralized exchanges (CEXs), decentralized exchanges (DEXs), crypto wallets, and non-fungible tokens (NFTs).
These are a small number of the myriad areas you will be coming across as you venture fully into investing in STORJ and other digital assets.
There are some terminologies you come across daily but you may not have had an understanding of what they constitute.
- Storj operates on the blockchain of Ethereum. Blockchain technology helps in the creation, storage, distribution, and trading of STORJ. If Storj was a car, imagine blockchain as the tarred road that allows STORJ to move from one person to another.
- You can buy STORJ on cryptocurrency exchanges. There are centralized exchanges that allow you to hold custodial accounts (you do not have access to your private keys) and decentralized exchanges that allow you to access your account with your private keys. Exchanges are independent platforms created to help you exchange fiat for crypto as well as crypto-for-crypto.
- You can only buy crypto on DEXs if you have a crypto wallet. Wallets that allow you to hold STORJ such as Ledger Nano S/X, Trezor Wallet, CoolWallet, DCENT, TrustWallet, Atomic Wallet, and MyEtherWallet were created to facilitate access to the Ethereum Network as well as the Storj Protocol. They help in the transferring and storing of STORJ safely and securely.
- STORJ, like all cryptocurrencies, has the divisibility attribute. STORJ can be divided into 8 decimal points (1.00000000). Therefore, you do not have to buy a full STORJ coin if do not have the means. At $1.10, $1 will get you 0.90909090 STORJ.
As you make strides in the crypto finance space, you will get to know more terminology that will help you learn more about the best ways to buy STORJ.
Although earlier pointed out, Trading Education will like to alert you once again about the need to answer questions such as how to buy STORJ and where you can buy STORJ?
They are highly important as they bring forth essential areas such as geographical restrictions and others.
Check Out: Storj Price Prediction
Comparison Of Payment Methods Used To Buy STORJ
There is nothing like a one-size-fits-all approach when it comes to investing in STORJ. Some of the payment methods used to buy STORJ are briefly discussed below.
- Credit/Debit Card: This is one of the most used methods when buying STORJ comes to the discussion board. To many analysts, this is one of the fastest and easiest ways to buy STORJ in 2022. Due to their involvement in fraudulent activities in the past, there are limits as to the amount you can deposit and withdraw. using debit and credit cards.
- Cash: As of March 2022, if you want to buy STORJ or any other digital asset anonymously, this payment method is the only way. Other payment methods are linked in some way to your identity.
- PayPal: Because of free deposits and withdrawals, PayPal has been touted by many analysts as one of the best ways to buy STORJ.
- Bank Transfer: As one of the safest ways to buy STORJ due to the extensive background checks involved, this payment method is one of the best ways to buy STORJ. The amount of money that can be deposited via bank is relatively high.
The Cheapest Place To Buy STORJ
eToro is the cheapest place to buy STORJ. This is because eToro allows you to deposit money through many payment methods without any fees. Therefore, $50, $100, or more gets you a total number of STORJ for the full value of the money. Aside from eToro, Binance is also a cheap place to buy STORJ.
The Safest Way To Buy STORJ
From our list of the best exchanges, eToro is the safest way to buy STORJ. Aside from eToro, OKX, and Binance are some of the safest ways to buy STORJ. This is because the platform prioritizes Know Your Customer which helps reduces money laundering to the barest minimum.
The Easiest Way To Buy STORJ
eToro is the easiest way to buy STORJ because it is highly accessible. Most oftentimes, the easiest way to buy STORJ and other cryptocurrencies is on exchanges that can be found on the World Wide Web, Google, and Apple Stores. With smartphones, applications can be downloaded within seconds, with numerous payment methods at the disposable of users, STORJ can be bought within seconds.
The Fastest Way To Buy STORJ
This is mostly linked to the easiest way to buy STORJ. With high accessibility and supporting a range of payment methods, eToro is the fastest way to buy STORJ.
How Do I Buy STORJ Near Me?
You can buy STORJ near you through ATMs.
Unfortunately, STORJ is not a major cryptocurrency like Bitcoin so cannot be bought through ATMs.
Therefore, the sole way to buy STORJ near you is to use exchanges such as OKX, Binance, and eToro which can be accessed easily.
On your smartphone, you can buy STORJ within seconds.
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Best Ways To Buy STORJ Anonymously
Due to the crackdown on the use of all forms of cryptocurrencies, you will be lucky to find a way to buy STORJ anonymously. The sole way to remain anonymous is to invest through an investing pool. Thereby, you enjoy rewards, and losses while remaining in the shadows.
Best Ways To Buy STORJ With PayPal
The best way to buy STORJ with PayPal is to find an exchange that supports PayPal. Since eToro supports PayPal, eToro is the best way to buy STORJ with PayPal.
Best Places To Buy STORJ With Your Bank Account
The best place to buy STORJ with your bank account is eToro. You can make free deposits and buy a relatively large number of STORJ tokens.
Best Places To Buy STORJ With Credit/Debit Cards
Buying STORJ with credit/debit cards is one of the best ways of getting STORJ. eToro and Binance are the best places to buy STORJ with credit and debit cards.
See You On The Other Side!
If you are reading this section, it means you have been informed about the 5 best places to buy STORJ in 2022 and beyond.
The price of STORJ is a low barrier of entry which can help you learn more about the crypto space. Buying STORJ has transformed the portfolios of some investors and could go a long way towards brightening yours.
eToro — Top Cryptocurrency Platform To Buy Storj