Jupiter claims to be the “people’s blockchain”. Jupiter uses military-grade encryption to protect users’ data for dApps on private and public networks. To walk you through buying JUP tokens online, we’ve put together this easy step by step guide.
What is Jupiter?
Jupiter is an open-source encryption-focused protocol. Users can create dApps and they run a decentralized alternative to GitHub. Companies and users can use the tools created by Jupiter on public and private blockchains. They offer military-grade encryption services to protect user data.
Jupiter also runs an NFT marketplace and a small file storage system. The Jupiter project has a native token, JUP, and a wallet that can store the JUP token. The JUP token is an ERC-20 token. ERC-20 tokens are tokens built to the Ethereum standard on the Ethereum network.
How to Buy Jupiter
The easiest way to buy Jupiter coins is through a cryptocurrency exchange. This crypto marketplace allows you to buy and sell cryptocurrencies. Some, like Binance or CryptoWallet, accept purchases made with fiat money. Other “altcoin” crypto exchanges require you to already hold a cryptocurrency.
To buy Jupiter through one of these altcoin exchanges you’ll need to buy a cryptocurrency such as Bitcoin (BTC), Ethereum (ETH), or Tether (USDT) using fiat currency. Then you can swap them for Jupiter (JUP) tokens.
To guide you through this process, we’ve put together an easy step by step tutorial. We’ll walk you through registering with CryptoWallet, purchasing ETH tokens and exchanging them for JUP tokens. We’ll even cover storing your tokens securely.
CryptoWallet is a great platform for buying and selling tokens. You can easily buy hundreds of cryptocurrencies and store them using the CryptoWallet wallet. We even offer a crypto card so you can spend your tokens easily in shops around the world.
Step 1: Register on Fiat-to-Crypto Exchange
The first thing you’ll need to do is set up an account with CryptoWallet. The registration process takes just a couple of minutes and you’ll be asked to verify your identity.
You’ll be guided through setting up a crypto wallet to store your tokens. We’ll provide you with a seed phrase. This is a string of words you’ll need to provide if you lose access to your account. It’s safest to store this phrase somewhere safe on paper.
Step 2: Buy ETH with Fiat Money
Now that your crypto wallet is set up you can add fiat money to it. This can be done using a wire transfer or debit/credit card.
Once your fiat money has been added to your account, you can head to our cryptocurrency exchange. Select Ethereum as the crypto that you would like to buy and confirm the amount you want to purchase.
Once you hit select your money will be exchanged for Ethereum (ETH) tokens in your wallet. This transaction may take a few minutes to clear and appear in your wallet.
Step 3: Transfer ETH to an Altcoin Exchange
Next step is to move your ETH tokens to an altcoin exchange that supports JUP tokens. KuCoin is a popular exchange that supports trading ETH for JUP tokens. You can also use Coinbase Pro.
To see more potential cryptocurrency exchanges that may support JUP, like PancakeSwap or Uniswap, you can check CoinMarketCap and look at the market tab on the tokens page. It’s worth checking a few exchanges out to find the best deal.
To trade your tokens you’ll need to use a wallet that can hold both ETH tokens and JUP tokens. TrustWallet and MetaMask are popular choices for buying and storing altcoins like JUP. Once you set up your wallet you can use your wallet keys to transfer your ether from your CryptoWallet wallet to your altcoin wallet.
Then you can head to your chosen exchange and connect your wallet. On the trading page, choose the ETH/JUP trading pairs and how much you would like to exchange. Confirm the trade and your tokens will be exchanged in your wallet.
Transactions involving Ethereum can incur a high gas fee so it’s important to check if this applies on your chosen altcoin exchange.
Last Step: Store Jupiter Securely
It’s important to choose the right crypto wallet for your needs. A crypto wallet stores your public and private keys. These keys let you manage your crypto assets on the blockchain. A private key lets you send tokens while your public key lets you receive tokens. Never reveal your private key to anyone.
With so many options, it can be difficult to know what wallet is right for you. That’s why we’ve taken a look at some of the best options available for you!
There are three main types of wallets:
- Hardware wallet: A hardware wallet is a physical device that stores your keys offline so no one can access them. To use it, you’ll need to connect it to a phone or computer. While this is the most secure option it is also more expensive and can be confusing for beginners. Trezor and Ledger make a range of different hardware wallets.
- Non-Custodial Software Wallet: A software wallet stores your keys online which makes it more vulnerable to cyberattacks. They are much more convenient and usually free. With a non-custodial or “self-custody” wallet, you and only you have access to your keys. While this gives you full control, if you lose access your funds will be irretrievable. Two popular non-custodial wallet providers are TrustWallet and MetaMask.
- Custodial Software Wallet: With a custodial wallet, your keys are held and managed by a third party like an exchange. This means you may be able to regain access to your wallet and funds if anything happens. Some custodial wallet providers like CryptoWallet also assure any funds held in your wallet. A protected custodial wallet is the perfect choice for beginners.
To store JUP tokens you’ll need to use a hardware or non-custodial software wallet. Many investors use non-custodial software wallets for storing and trading altcoins easily. Then they’ll store the bulk of their assets in a protected custodial wallet or a hardware wallet for security.
CryptoWallet is an excellent wallet for storing and trading crypto assets. You’ll get all of the benefits and convenience of a software wallet. Our mobile app makes it even easier to trade crypto on the go!
CryptoWallet supports buying and and swapping hundreds off cryptos like BTC, ETH, LTC, USDT, and XRP. It provides a safe way to buy cryptocurrency as a licensed and regulated exchange.
Other Useful Tools for Trading Jupiter
Glassnode is a blockchain analysis tool for on-chain data and market information. Glassnode gives investors relevant information on cryptocurrency transaction data, metrics, miner statistics, wallet info, and other insights. You may use the tool to look through market information, transactions histories, coin price statistics, and active addresses.
TradingView is a popular charting application used by crypto and traditional finance investors. It collects data from global exchanges and provides crypto price charts, data analysis, and cryptocurrency price histories. Traders can discuss ideas and insights with one another.
Can I buy Jupiter with cash?
You can use Coinbase Pro to buy Jupiter tokens with US dollars. However, this exchange can be quite complicated for novices or retail investors.
Are there any quick ways to buy Jupiter in Europe?
One of the easiest methods to buy Jupiter in Europe is to buy Ethereum using euros on an exchange such as CryptoWallet and then trade it for JUP on an altcoin exchange.
Are there any alternative platforms to buy Jupiter or Ethereum with credit cards?
While you may come across websites that claim to let you buy JUP with a credit card, we advise you to proceed with caution. Many of these websites are scams aiming to steal your money. When buying a cryptocurrency such as Ethereum, always use a legal and regulated site such as CryptoWallet.