Blockster is a blockchain-powered social network that focuses on everything crypto! Blockster lets you connect with other crypto enthusiasts worldwide and is powered by its utility token, BXR. To help you buy BXR tokens securely online, we’ve put together an easy step by step guide.
What is Blockster?
Blockster is a cryptocurrency content platform that provides a social network for crypto enthusiasts. Users can share and discuss crypto related news as well as connect with other members. Similar to other social media networks, Blockster has a newsfeed with shared posts; however the feed is curated by experts hired by Blockster to reduce spam and shilling.
It also has a community feed and a messaging service to allow you to interact with other members of the Blockster community. Users can choose to follow projects or crypto influencers to stay up to date on the latest crypto news. It’s designed to connect every member in the blockchain industry from developers to influencers to traders.
Cryptocurrency networks and projects can set up their own business page and advertise their platform. The utility token, BXR, will be used for any advertising or commerce services within the Blockster ecosystem. The advertising token can be used to market NFTs, games and new projects to the user base.
To buy BXR tokens online, you’ll need to go to a cryptocurrency exchange. This is a digital asset trading marketplace that operates online. You can purchase bitcoin with a credit or debit card on several exchanges like Binance or CryptoWallet.
Others, on the other hand, are crypto-only altcoin exchanges that do not take fiat currency. On these altcoin exchanges, you can only trade crypto tokens like BXR for other crypto tokens.
BXR is not currently available for purchase with fiat currency. You must first buy a cryptocurrency like Bitcoin (BTC) or Ethereum (ETH) on a cryptocurrency exchange like CryptoWallet or Coinbase. Then you may swap them for BXR tokens on an altcoin exchange.
Don’t be alarmed if this seems confusing! We’ve got you covered with our easy step-by-step guide to buying BXR tokens online using CryptoWallet.
CryptoWallet allows you to buy crypto tokens with a debit or credit card. You can trade cryptocurrencies wherever you are with our mobile app, and our crypto card allows you to spend your tokens at businesses all around the world.
Step 1: Register on Fiat-to-Crypto Exchange
To begin, create a CryptoWallet account and set up your cryptocurrency wallet:
- To sign up, scroll to the top of this page and click on New Account. You’ll need to give your personal information and verify your identification at this stage.
- You will be guided through the steps necessary to create your own cryptocurrency wallet. You’ll be given a seed phrase, which you will use to regain access to your account if necessary. This sentence should be written on paper rather than on an electronic device. Then, store this document somewhere secure.
- After you’ve registered, you’ll be able to add fiat money to your crypto wallet. Then you can start purchasing and exchanging cryptocurrency tokens!
Step 2: Buy BTC with Fiat Money
The next step is to deposit fiat money into your wallet and use it to buy Bitcoin tokens. You can quickly add funds to your wallet using a bank card or a wire transfer. Once your transfer has processed and the cash is displayed in your wallet, you may purchase BTC tokens.
Go to our cryptocurrency exchange and select the cryptocurrency you want to purchase. Choose the quantity of Bitcoin you wish to purchase and confirm the price.
When you click the Select button, your BTC tokens will be sent to your wallet. It may take a few minutes for the order to be finalized and shown in your wallet.
Step 3: Transfer BTC to an Altcoin Exchange
The next step is to transfer your BTC tokens to an exchange that supports Blockster. You’ll need a wallet that accepts Bitcoin as well as BXR tokens. MetaMask (which is available as a browser extension, mobile app, and desktop program) is a well-known choice for storing both tokens.
Other wallet options that may support both are available, but it’s essential that you do your research and make sure the wallet is secure and not a fraud. Once your new wallet is created you can transfer your BTC tokens to it using your keys.
There are several altcoin exchanges that support BXR tokens including HotBit and Mercatox. Different exchanges will have different token pair exchange rates so it’s important to shop around for the best price.
Head to your chosen exchange and swap your BTC tokens for BXR tokens. On the trading page, choose the trading pairs BTC/BXR.
Last Step: Store Blockster Securely
Finally, the most important step is to keep your tokens secure! You’ll need to employ a separate altcoin wallet because many altcoins aren’t supported by larger exchange wallets.
Many platforms advertise wallets claiming to accept BXR coins, however some are scams designed to take your money. We’ve looked at some of the most secure wallets available to assist you in making your decision.
First, let’s define what a crypto wallet is. A wallet is made up of two keys that must be used to receive and send tokens. A private key is required to send coins, while a public key is required to receive tokens. There are two sorts of wallets available: a “cold” offline wallet and a “hot” online wallet.
Hot Wallet vs. Cold Wallet
Because your assets are stored offline on a physical device, cold wallets, also known as hardware wallets, are the most secure. Ledger is a well-known wallet company that provides a variety of hardware wallets to suit your needs. Cold wallets, on the other hand, might be inconvenient because they need to be connected to an internet device to use them.
Hot wallets, or software wallets, are significantly more convenient since they let you access your assets from any location. They are, however, substantially more vulnerable to hacking as a result of being constantly online.
Many of the leading exchanges have tackled this problem by assuring tokens stored in their wallets. BitGo, an industry leader in digital asset protection, backs up all of your assets held with CryptoWallet. You can easily buy the top five cryptocurrencies (by market cap) and all your assets will be protected.
Many crypto traders keep the bulk of their digital assets in a secure wallet such as CryptoWallet. They’ll hold and trade cryptocurrencies like BXR using an altcoin software wallet like MetaMask or TrustWallet. This guarantees that the majority of their digital assets are safe and backed up.
We believe CryptoWallet is an excellent choice since it allows you to hold the top five cryptocurrencies in terms of market cap volume (BTC, ETH, XRP, USDT, and LTC). Our mobile app allows you to access and trade your tokens from anywhere, and our crypto card allows you to spend your cash at merchants worldwide. BitGo will guarantee all of your crypto tokens, providing you with peace of mind that your investments are secure.
Other Useful Tools for Trading Blockster
CoinMarketCap has a page on nearly every cryptocurrency and provides information such as cryptocurrency price history, whitepapers, community sites, market data, and much more. It’s a good place to start if you’re unfamiliar with a token. You’ll also be able to see where you can buy or sell the coin on the market tab of the coin’s page.
If you find it difficult to keep up to date on all the news about cryptocurrencies, Coindar might be a useful app. Coindar is a handy crypto calendar app to keep track of airdrops, hard forks and more. You can turn on alerts for tokens and projects you are following. It’s a vital tool for a trader with a diverse crypto portfolio.
Kubera is a useful tool for managing your wealth portfolio. It lets you connect all your crypto wallets and exchanges so you can easily view and track your crypto holdings in one location. It also lets you connect fiat accounts and track your fiat holdings giving you a comprehensive view of your entire portfolio.
Can I buy Blockster with cash?
No. Although several platforms claim to enable you to buy Blockster with cash, it is critical to conduct due diligence before purchasing any crypto tokens online. These websites are often scams designed to steal your personal information or valuables.
Are there any quick ways to buy Blockster in Europe?
The most secure and efficient option to purchase BXR tokens is to first buy BTC tokens from an exchange such as CryptoWallet and then trade them for Blockster on an altcoin exchange.
Our mobile software makes buying tokens simple, allowing you to trade crypto currencies from anywhere. You can be confident that your funds are secure since CryptoWallet is a licensed and regulated service for acquiring digital assets.
Are there any alternative platforms to buy Blockster or Bitcoin with credit cards?
Many platforms claim to allow credit or debit card transactions for Blockster or Bitcoin purchases. Many of these sites, however, are scams designed to steal your personal information or money.
That is why, before purchasing any cryptocurrency online, you should always do your own research (DYOR). Always buy cryptocurrency from a regulated and safe website, such as CryptoWallet, when using a credit card.