The Rocket project sponsors under-compensated college athletes. Athletes can receive NFTs, RKTN tokens and ETH tokens. We’ve put together an easy step by step guide to help you in buying RKTN tokens online.
What is Rocket?
Rocket Token is designed to sponsor current and former college athletes by providing them with NFTs and passive income. The income comes in the form of RKTN and ETH tokens. The Rocklete program chooses and sponsors athletes and provides them with a way to build a crypto portfolio.
To purchase RKTN tokens online, you will need to use a cryptocurrency exchange. This is a digital asset trading platform for cryptocurrencies and NFTs. These websites allow you to purchase cryptocurrencies using fiat currencies or exchange them for other cryptocurrencies.
While some prominent exchanges, like Coinbase and CryptoWallet, allow you to use a credit or debit card, others only accept cryptocurrency. On these exchanges, known as altcoin exchanges, you can only exchange crypto tokens for other crypto tokens. To buy a token like Rocket, you’ll need to use one of these cryptocurrency exchanges.
The easiest way to obtain Rocket Tokens is to buy a cryptocurrency like Bitcoin (BTC) or Ethereum (ETH) on a licensed exchange like CryptoWallet. Then, you can move your tokens to an altcoin exchange and trade them for RKTN tokens.
We’ve put together a simple step-by-step guide to buying RKTN tokens using CryptoWallet. Our mobile app makes it even easier to buy tokens with a debit or credit card. Then, with our crypto card, you can spend your tokens at stores around the world.
How to Buy Rocket
Buying Rocket isn’t as easy as buying Bitcoin or ETH, but we’ve outlined four easy steps for you to follow. Let’s take a look at how to buy RKT tokens!
Step 1: Register on Fiat-to-Crypto Exchange
To buy tokens using CryptoWallet, you’ll need to register and setup your cryptocurrency wallet:
- To open a CryptoWallet account, you’ll need to provide proof of identity as well as your personal info.
- You will be guided through the process of creating your crypto wallet, including receiving a seed phrase. If you ever lose access to your account, you will need to provide this recovery phrase. For security reasons, write this down rather than storing it on an online device.
- Now your account is all set up and you’re ready to start buying and trading cryptocurrencies.
Step 2: Buy ETH with Fiat Money
Once you’re registered on CryptoWallet you can add fiat money to your wallet. You can do this using a bank card or wire transfer.
Once your funds have been added to your wallet and the transaction has cleared, you can head to our cryptocurrency exchange. Choose the amount of ETH you wish to buy and confirm the price.
After you hit the Select button, your ETH tokens will be transferred to your wallet. The transaction may take a couple of minutes to complete and appear in your wallet.
Step 3: Transfer ETH to an Altcoin Exchange
The next step is to exchange your Ether tokens for RKTN tokens. This can be done using an altcoin exchange such as Uniswap or Sushiswap.
Uniswap and Sushiswap are Decentralized Exchanges (DEXs) that only accept Ether or ERC-20 tokens for trading. ERC-20 tokens are tokens built to the Ethereum standard. Since each exchange may have a different trading price, it’s worth checking out both.
To trade Ether and Rocket on these exchanges, you must use a wallet that supports ETH and RKTN. CryptoWallet does not currently accept altcoins like RKTN. As a result, you’ll need to use a different wallet to trade RKTN. When trading altcoins, many investors use a convenient software wallet like MetaMask or TrustWallet.
After you’ve made your altcoin wallet, you can transfer your ETH tokens from CryptoWallet using your wallet keys. Then head to your chosen altcoin exchange and choose the market pairs ETH/RKTN on the trading page.
Here, you’ll need to link your wallet or use your keys. Choose how much ETH you wish to swap for RKTN and confirm the transaction. In your wallet, your ETH tokens will be exchanged into RKTN tokens.
Note: Trading and transferring ETH may incur a high gas fee, so keep this in mind when trading online.
Last Step: Store Rocket Securely
An essential step is storing your assets securely. There are several wallets available on the market, some of them are fraudulent or untrustworthy. We’ve examined some of the best secure wallet options on the market to help you make your pick.
Let’s look at what a cryptocurrency wallet is. A wallet consists of two keys: a public key used to receive tokens and a private key used to send tokens. There are two kinds of wallets. A software wallet, often referred to as a “hot” wallet, stores your keys online, whereas a hardware wallet, usually referred to as a “cold” wallet, stores your keys offline.
Cold wallets are less susceptible to hackers since your information is stored offline in a physical device. However, in order to fully utilize them, they must be connected to an internet device. This may be inconvenient for some traders. They are often significantly more expensive than software wallets. Trezor and Ledger make a variety of wallets to meet your needs and price range if you want the added security of a hardware wallet.
Hot wallets are much easier to access and use. Some wallets are self-custody wallets, meaning you have complete control over your keys. This also implies that if you lose access to your keys, your funds will be completely inaccessible. Many well-known exchanges, including as Coinbase, Binance, and CryptoWallet, provide a custodial wallet in which your keys are stored by the exchange for your convenience.
To store RKTN tokens in a software wallet, you’ll need to use an altcoin wallet like TrustWallet or MetaMask. These are available as browser extensions and mobile apps. Then you can store the bulk of your crypto holdings in a protected wallet like CryptoWallet to ensure your funds are secure.
Other Useful Tools for Trading Rocket
CoinMarketCap has data on nearly every cryptocurrency, including information such as coin price history, whitepapers, community sites, price charts, market data, and much more. If you want to research a new coin, CoinMarketCap is a good place to start. You can see where to buy tokens, find their social media platforms and much more.
CryptoView helps you to keep track of your cryptocurrency holdings across exchange platforms, cold storage, and third-party wallets. It lets you trade across a wide range of cryptocurrency exchanges to fnd the best offers available.
CoinMarketCal is a useful app to keep track of cryptocurrency market events. You can look at individual token pages and choose which tokens you want to be notified about. Users can submit news about tokens and discuss forthcoming events.
Can I buy Rocket with cash?
No. Rocket Tokens cannot be purchased with cash. The simplest way to obtain Rocket tokens is to buy ETH tokens with cash on an exchange like CryptoWallet and then trade them for RKTN tokens on an altcoin exchange.
Are there any quick ways to buy Rocket in Europe?
The simplest way to purchase Rocket tokens in Europe is to use a credit or debit card to purchase ETH tokens through a licensed exchange such as CryptoWallet or Coinbase. Then, on an altcoin exchange, you can exchange your coins for Rocket tokens. The CryptoWallet mobile app makes purchasing cryptocurrencies on the go even easier.
Are there any alternative platforms to buy Rocket or Ether with credit cards?
Although some websites claim to allow credit card purchases of Rocket or Ether, it is important to do your own research (DYOR). Some of these websites are unregulated, while others are frauds designed to steal your money. When purchasing cryptocurrency online with a credit card, always use a licensed provider, like CryptoWallet.