How and where to buy Metaverse ETP token.
Early investments have proven more rewarding but risky in the cryptocurrency market, including the equity sector.
It’s believed that the metaverse could bridge the gap between the virtual and real world. The technology is relatively new, but the potential is enormous. Since 2021, the number of projects working on the metaverse has increased rapidly, especially after Facebook announced its foray and rebranded to Meta.
There is now a growing interest in the metaverse globally, as many believe it’s the next big trend. With over $14 billion in market cap, several projects are working on the metaverse, but it’s quite challenging to find the right platforms to buy them, including Metaverse ETP.
In this article, we highlighted some of the best platforms where to buy Metaverse ETP easily.
What is Metaverse ETP?
Metaverse ETP is a blockchain-as-a-service (BAAS) platform that aims to facilitate a system where digital assets like “Metaverse Smart Token and Metaverse Identifiable Token” and digital identities (Avatar) underpin asset transactions through oracles.
ETP token is the cryptocurrency powering the BAAS system. Metaverse ETP is worth about $0.0419, with a market capitalization of $3.3 million. About 81% or 80,534,488.31 ETP tokens are currently in circulation.
Metaverse ETP reached its all-time high five years ago at $6.24. At the current price, it’s down over 99% from the ATH.
Where to buy Metaverse ETP
Judging by the previous price performance, the ETP token doesn’t seem to be a good investment for short-term buyers. Also, popular exchanges like Binance and Coinbase don’t support it. However, if you are interested, perhaps for the long term, below are a few platforms where to buy Metaverse ETP.
1. Bitfinex
Bitfinex is one of the oldest and most prominent cryptocurrency trading platforms that support the Metaverse ETP token. The exchange is based in Hong Kong but owned and operated by iFinex Inc. It’s probably the best platform to consider if you are looking for where to buy Metaverse ETP.
The exchange supports ETP/USD and ETP/BTC pairs, meaning you can easily buy Metaverse ETP tokens from Bitfinex using either your bitcoin balance or the US dollar. But the downside is that Bitfinex has a low trading volume for the Metaverse ETP token; hence, liquidity can be a problem.
2. MEXC
If you are looking for where to buy Metaverse ETP with a decent liquidity rate, then MEXC is the platform to choose. MEXC is a centralized cryptocurrency platform where you can buy bitcoin, ethereum, and several cryptocurrencies. It’s based in Singapore but spread across four other regions like Canada, the United States, etc.
MEXC accounts for 98% of all Metaverse ETP trading volume, so it holds the most liquidity for buying and selling Metaverse ETP. MEXC supports only ETP/USDT pair, which means you can only buy Metaverse ETP tokens from the exchanges using the USDT stablecoin.
3. HitBTC
HitBTC is the third platform that supports Metaverse ETP. HitBTC is an advanced trading platform for digital assets like bitcoin. It was founded back in 2013 and is located in Hong Kong.
Similar to Bitfinex, HitBTC supports the ETP/BTC and ETP/USDT trading pair, which means users can buy Metaverse ETP using their bitcoin and USDT balance.
How to buy Metaverse ETP
The process of buying Metaverse ETP is quite easy and almost the same across all the exchanges that support the token. Below are quick steps on how to buy Metaverse ETP tokens from exchanges.
1. Create a crypto account
The first step on how to buy Metaverse ETP from Bitfinex, HitBTC, or MEXC is creating and registering an account with the exchange. If you don’t have a valid account with any of the exchanges, choose and register with the platform best suitable for you. Note that you might be required to verify your identities before you can trade on the platforms.
2. Fund your account
The next step is to fund your account with the supported cryptocurrency paired against the Metaverse ETP token. For instance, if the exchange supports ETP/USDT, you need to fund your account to USDT, or BTC if it supports the ETP/USDT trading pair.
You can buy bitcoin or USDT directly from the exchange or transfer from an external cryptocurrency wallet.
3. Swap for ETP
Swapping or trading coins is the final step on how to buy Metaverse ETP. After depositing the supported crypto paired against the ETP token, go to the spot trading section of the platform and locate any of the pairs. Fill in the amount of ETP you want to buy and confirm buy.
Once successful, you will receive an equivalent ETP token in your wallet.
Also read: How to invest in the metaverse
FAQs
Frequently asked questions about the Metaverse ETP token.
Is Metaverse ETP a good investment?
Metaverse ETP doesn’t seem to be a good investment. The price can be easily manipulated given the low trading volume and market capitalization.
Where do I buy Metaverse?
You can buy Metaverse ETP on HitBTC, MEXC, and Bitfinex exchange using either bitcoin or the USDT stablecoin.
Is Metaverse ETP on Binance?
No, the Metaverse ETP token is not listed on Binance. You cannot buy the token from the Binance exchange.
Is metaverse on Coinbase?
No, Coinbase does not support the metaverse ETP token. So, you cannot buy or sell ETP on the Coinbase exchange.
What is Metaverse ETP?
Metaverse ETP is a blockchain-as-a-service (BAAS) platform. The native cryptocurrency of the platform is called ETP.
How to buy Metaverse ETP tokens?
Create an account either on Bitfinex, HitBTC, or MEXC. Fund your wallet with bitcoin or USDT and swap the coins for ETP.
Disclaimer: All the information on this website is published for general information purposes only. They are not financial advice and do not represent the opinions of Coindictate to buy or sell any asset. Please do your own research before taking any action.
