Ankr went on a 20x run in Q1 2021 ($0.01 to $0.21) and is still up 700% overall well into 2022, currently ranging around $0.08 – $0.10. Ankr investors are optimistic it’ll go on another bull run and retest its highs.
In this article Business2community’s Patrick Jennings lays out a beginner’s guide on where and how to buy Ankr will help you get started if you’re yet to invest in Ankr. He also covers what Ankr is exactly as it’s still relatively unknown, ranked #111th on Coinmarketcap.
How to Buy Ankr (ANKR) – Quick Steps
Here are the steps to buy cryptocurrency on regulated platform eToro, which supports Ankr crypto.
- Step 1: Open an account on the eToro website. You’ll need to enter some basic information, confirm your email address and verify your identity by submitting a copy of your photo ID.
- Step 2: Deposit Funds. The minimum deposit amount for UK and US residents is only $10 at eToro. Choose a payment method – debit card, Paypal, or Skrill and deposit your money instantly.
- Step 3: Search for Ankr or the ticker ‘ANKR’ in the search bar at the top of the page. Click ‘Trade’.
- Step 4: Buy Ankr. Choose the amount of ANKR you want to buy, set limit orders if you want to try for a lower Ankr price, and confirm your trade by clicking ‘Open Trade’.
Where to Buy Ankr – Best Platforms
Traders can easily buy Ankr online by following the step-by-step guide above. For added guidance, we have reviewed everything you need to know about investing in Ankr in our comprehensive guide further down. We’ll also review the four best crypto exchanges to invest in Ankr in depth.
1. eToro – Overall Best Place to Buy Ankr online for 2022
eToro is one of the safest platforms to buy Ankr. It has regulations from the FCA, ASIC, and CySec. With eToro, the Ankr investment process is convenient even for new investors.
The platform has become widely popular among investors for its easy-to-use interface and free trading services. This exchange is suitable for beginners and they can easily invest in Ankr with eToro’s beginner-friendly usability.
To buy a cryptocurrency on eToro, you will need to open an account and that takes just a few minutes. You will then have to make a deposit (minimum is $10 for UK and US residents). For deposits, you can use a wide range of methods offered by the platform – debit or credit cards, bank transfers, and e-wallets.
The e-wallet option includes Paypal, Skrill, and Neteller. After you have successfully funded your eToro account, you can invest in Ankr online with a round-off spread. You just pay the difference between the buy and sell price only once (at the time of buying).
Apart from Ankr, eToro also offers various other digital currencies for you to invest in. The range of 60+ assets includes EOS, Bitcoin, Litecoin, Cardano, Ethereum, DeFi coins like AAVE, and more.
eToro thereby give you the opportunity to appropriately diversify your crypto portfolio. eToro is also known in the industry for offering thousands of stocks along with ETFs, which are provided at 0% commission.
eToro’s unique features are the copy trading, copy portfolio, and social trading tools. With the copy trading tool, you can choose a successful trader to copy trades automatically. It also offers passive investment products, which are its Crypto Portfolio, DeFi portfolio and others.
With a single investment, you can now diversify across many crypto assets to make your investment less risky. You can access the eToro web platform on Windows or Mac, and download the mobile app from the website.Buy Ankr on eToro Now
Cryptoassets are a highly volatile unregulated investment product.
2. Crypto.com – Trade Ankr on Leverage
Crypto.com listed Ankr in October 2020, and offers an ANKR / USDT spot trading pair and a perpetual futures pair to trade Ankr on leverage.
Crypto.com is popular as it gives you the ability to earn interest on cryptos, including Bitcoin (6% interest) and stablecoins (up to 14%), however currently earning interest on Ankr isn’t supported.
Another popular feature though is its metal prepaid VISA card which you can use to spend your crypto at retailers. See our review of the Crypto.com VISA card.
Crypto.com also offers a DeFi wallet, decentralized exchange, and credit card / crypto loans. You can take out a loan using your crypto holdings as collateral.
There’s also a Crypto.com NFT marketplace, offering a simple secure place to buy NFTs from as little as $1 at auction.
The minimum deposit is $10 at Crypto.com. If you buy Ankr with a credit card, the platform will take 2.99% of the amount you deposit. ACH bank deposits come with no fees so we recommend those.Buy Ankr on Crypto.com Now
Cryptoassets are a highly volatile unregulated investment product.
3. Coinbase – User-Friendly Platform but High Fees to Buy Ankr
Coinbase is a popular crypto platform with more than 70 million verified customers worldwide. It has now successfully expanded its base into various countries. Traders based in many countries can now easily invest in Ankr on Coinbase. You can set up an account with Coinbase and verify your identity by providing some basic personal information.
You will need to submit a copy of your passport/driver’s license. Once you deposit funds after this process, you are all set to buy Ankr online with a MasterCard or Visa on Coinbase.
Although the platform processes your purchase instantly, it charges 3.99% as a deposit transaction fee. Alternatively, you can deposit funds on the platform by using your bank account. This deposit is free of cost. However, you will still need to pay a 1.49% trading commission when you buy Ankr on Coinbase.
These reasons make using Coinbase slightly more expensive than eToro. If you look at the suitability aspect for beginners, then we recommend eToro over Coinbase. There is the option to use their separate Coinbase Pro platform however for low fees.
If you opt for Coinbase to invest in Ankr, it will also offer you the scope of investing in 100+ crypto assets. The range has popular coins like Ethereum Classic, Litecoin, Shiba Inu, Bitcoin, Decentraland, Cardano, etc. The minimum investment at Coinbase is $2. This is another reason why this platform has been chosen by many investors.
It makes investment convenient for new investors also. Coinbase is known for its strong security mechanism. It offers users web accessibility and a mobile app that is compatible with both Android and iOS devices. You can easily connect the app to your main Coinbase account.Visit Coinbase Now
Cryptoassets are a highly volatile unregulated investment product.
4. Binance – Large Crypto Exchange to Buy Ankr
Binance is another popular exchange to trade crypto assets. The platform also allowed investors to buy crypto online instantly by using a debit/credit card at just 1.8%. Binance was forced to use a third-party payment gateway post-FCA’s investigation, making card payments an expensive affair, so we recommend buying crypto elsewhere but using Binance to day trade.
Binance is a good option if you deposit funds with crypto, which is completely free. If you swap crypto like Bitcoin, BNB, or Tether for Ankr, you pay a commission of 0.10% only.
Like eToro, Crypto.com and Coinbase, Binance also has crypto staking options, and Ankr is now supported. By using this feature, you can earn interest on your crypto holdings. At the time of writing, the exchange pays an APY of 0.70% on Ankr, which is small yet ensures some earning. The earning is offered via a flexible savings account, allowing you to withdraw your tokens at any hour.
Users who choose Binance to invest in Ankr online also benefit from the extensive array of trading tools and features that the platform offers. These include technical indicators and advanced order types. In the US, it operates by partnering with Binance.US.Visit Binance Now
Cryptoassets are a highly volatile unregulated investment product.
What is Ankr?
Ankr is both a crypto platform and a cryptocurrency that was launched in the crypto market in 2017. Its co-founders are Chandler Song and Ryan Fang. The Ankr platform spread globally and seeks to democratize the internet by working on a next-generation decentralized internet.
Ankr uses the blockchain to offer solutions to cloud computing. It simplifies earning for users in the crypto ecosystem. Ankr’s main objective is to create a user-friendly tool that would help both organizations and individuals. The platform allows users to install blockchain nodes easily from the centralized cloud providers.
The Ankr Network facilities efficient decentralizing of public blockchains. Users can monetize by using the smart contracts of the Ankr management system. When users want to pay for cloud computing resources, they make use of Ankr.
Is Ankr a Good Investment?
Before you move ahead with your Ankr purchase (or any investment for that matter), it is important to ask and analyze if the same is a good investment.
Ankr platform’s services help in cross-chain development access. It is a known and initial contributor to web 3.0. It thereby carries out precise and trusted communication and integration for users. Ankr offers one-click node deployment and API services, giving access to over 40 major blockchains.
Its computing power is supported by distributed ledger technology, which minimizes the cost while collecting data. Ankr’s DeFi platform can be used by developers and stakers to create and circulate dapps and stakes easily. It is an ERC-20 token of Ankr. Ankr token runs on the Ethereum blockchain, and Ankr can be purchased using ETH, which is used as a payment method for platform services.
While deciding to invest in cryptocurrency, you should consider your financial goals, risk appetite, and the crypto project’s future prospects.
We have analyzed Ankr at length so that you can take an informed decision before investing in this speculative crypto asset.
Ankr Market Sentiments
Ankr token has made it to the top crypto exchanges and has emerged as a good investment option for crypto enthusiasts. You can use Ankr tokens for staking, paying for services across the Ankr network, and voting on the proposals. Ankr’s limited supply stands at 10 Billion Ankr.
Since the movement of its price depends on the trading volume along with various other factors, its limited supply is an advantage. This works as an anti-inflation technique and thus has investment potential in the longer run. The total circulation supply of the crypto is 10,000,000,000 Ankr right now.
Ankr Price
The price of Ankr is currently ranging around $0.08 – $0.10 USD and its average price level makes it a cheaper crypto asset, especially for beginners. The crypto’s all-time low was $0.00071 and the token rose to an all-time high of around $0.21.
Traders who have invested in this crypto early have gained a 700% return even if they didn’t sell the top (if they were lucky enough to they may have made upwards of 2000%).
When the value of Ankr faced a sell-off in September 2021, its price fell from $0.125 to $0.084.
This resulted in a lower high being printed and arguably the market structure turned bearish in the short-term after that, although that was partly due to Bitcoin correcting from $69,000 to $33,000 beginning late 2021.
Ankr Price Prediction
Now that Bitcoin has now recovered to above $45,000, many altcoins have begun to pump in mid 2022. Ankr is also holding its value well, printing a higher low. It didn’t move below the lows of $0.047 set in 2021.
The Ankr price rose 30% in April 2022 alone, from $0.072 to $0.098. That strong buying volume suggests it may have found a bottom. So it could still have the potential to move up and retest its highs.
If it does, the impulse move to the upside could result in price discovery and a new ATH closer to $0.3 – the longer the sideways trading range and accumulation, the more explosive the breakout. Ankr has been trading sideways for over a year.Invest in Ankr
Cryptoassets are a highly volatile unregulated investment product.
Ways of Buying Ankr
If you want to invest in Ankr online right now, simply decide the most suitable payment method that suits your requirements. To make the process easier for you, we have reviewed multiple payment options below-
Buy Ankr With Credit Card or Debit Card
In eToro, you can buy Ankr conveniently with a debit or credit in just a few minutes.
First, you have to open an eToro account to start with and enter your card details on the eToro portal. After you successfully choose your preferred investment amount (minimum $10), you can purchase Ankr and it will be processed instantly. Your purchased tokens will be added to your portfolio and will reflect in real-time.
Note the fees levied on your crypto purchase when you invest in Ankr online with a MasterCard or Visa. If we compare, while at eToro, you only pay 0.5% fees, the debit/credit card fees is a high 3.99% on Coinbase.
Buy Ankr With Paypal
Investors can also buy Ankr with Paypal. eToro supports this payment method and charges a fee of 0.5% with a minimum deposit of $10.
While using Paypal, you are not required to enter your card details into the broker’s website. Since you will have your Visa or MasterCard linked to Paypal already, all you need to do is log in to your eToro account and make the purchase.
Using Paypal to buy Ankr online via Coinbase will have a charge of 3.99%.
Choosing an Ankr Wallet
Like other digital assets, Ankr is also stored in a crypto wallet. If you have an Ankr wallet, it will seamlessly allow you to send and receive funds without any worry.
If you are looking for the best Ankr wallets, then our suggestions would be the available mobile apps. These are quite suitable for beginners too. Simply go to your play store or Apple store and download the app on your mobile phone. Select a PIN and write down your backup passphrase. You can then transfer your Ankr tokens.
The eToro Money Crypto Wallet is one of the best options as it is user-friendly and highly secure. eToro stores your crypto safely with industry-leading security and keeps the tokens in your portfolio until you opt for withdrawals.
The Right Time to Buy Ankr
Seasoned investors are always looking for the right time to leverage crypto investments. They consider buying Ankr when the crypto asset is witnessing a market correction. It implies that Ankr has dropped in value since the recent highs. You must understand that it is not an easy task to time the markets in the crypto ecosystem.
Cryptocurrencies including Ankr function in a highly unpredictable market and the entire value fluctuation is driven by speculation. Many suggest that rather than timing the market accurately, it is always a good idea to dollar-cost average Ankr purchases for better returns. What this means is simply to invest uniform amounts consistently on Ankr.
For instance, if you $50 each month, then rather than timing your market entry to buy Ankr, your entry price would be in sync with the larger investment industry.
How to Buy Ankr coin – Tutorial
Below we’ll cover how to invest Ankr with eToro step by step.
Step 1: Open an eToro Crypto Account
Like other online brokers, start trading on eToro by opening an account on the official website.
Complete the registration form by providing personal details like your name, mobile number, email address, and other relevant details as required.
Step 2: Upload ID
Completing the Know-Your-Customer (KYC) process on eToro is necessary. For that, upload identification documents such as your:
- Passport or driver’s license
- Recent bank / tax statement or utility bill
You can buy Ankr online without uploading those documents but you will need to verify your account before you withdraw.
Step 3: Deposit Funds
Depositing funds into your eToro account is easy. As a trader, your minimum funding requirement is only $10. eToro charges a nominal FX fee of 0.5% if you deposit with a fiat currency other than USD.
The platform will convert your GBP deposits into USD and then you can move ahead to buy Ankr. The quickest deposit method is a debit or credit card.
Step 4: Search for Ankr
After you have funded your account, search for ‘Ankr’ on the search bar.
When the Ankr crypto appears, click on trade.
Step 5: Buy Ankr
When you click on trade, an order box then appears on your screen.
Enter your desired investment amount (in USD). This is what you would be spending while buying Ankr. The minimum trade is $10. After you choose an amount, click on ‘Open Trade’ to confirm the execution.
eToro will instantly add your Ankr tokens to your crypto portfolio. You can securely hold them on eToro as a long-term investment, it’s a secure platform operating since 2007 without being hacked.
How to Sell Ankr
Like other crypto assets, you can sell your Ankr tokens from the comfort of your home. If you purchase Ankr tokens via eToro, you can withdraw your investment in just a few clicks.
All you need to do is click on the ‘Portfolio’ button located on the dashboard’s left-hand side. Look for Ankr and click on the “Settings” button that is near the “market”. After that, click on the ‘Close’ button to convert your tokens into cash.
eToro will then reflect your sale by updating your cash balance. You can then withdraw the cash or put your funds in other assets as per your investment requirements.
Conclusion
In this guide we covered how to buy Ankr online using the top-rated crypto platforms. The process is simple and takes just a few minutes. The deposits are instantly-processed when you use methods like debit/credit cards.
When you choose eToro as your broker for cryptocurrency investment, all you need is just $10 to invest in Ankr. The other added benefit is that since eToro is a social trading platform you can network with other investors to get their thoughts on the current Ankr price action and predictions for the future Ankr price forecast.
There are also pro traders on the platform in the popular investor program, which you can copytrade, or you can trade Ankr yourself.
