We’ve all heard the different stories of how some folks have made crazy money from cryptocurrencies like Bitcoin. In fact, one story was that of a programmer by the name of Laszlo Hanyecz who bought two pizzas for 10,000 Bitcoins. As at May 22nd 2010 when the historic purchase was made, those 10,000 Bitcoins were worth a mere $40 and not the approximately $95million that they are worth today.
Different cryptocurrencies have since come on the scene and one of the latest additions is ONT.
What is ONT?
ONT is the common name by which Ontology coins are known. Ontology is a unique blockchain network created by OnChain in 2017. OnChain is the company behind NEO blockchain. This Chinese company was founded by Da HongFei and Erik Zhang and has recorded immense success in this industry.
The vision behind the Ontology blockchain network is the creation of a network that can be easily put to various uses including data transfer and various other applications. To get the full gist of this blockchain network, read this article here.
This network is still pretty new so also is its current use or application. That said, it promises to have very wide applications. Remember that its aim is to make it easy for any small business to integrate the blockchain technology into their operations. They will be able to do this even without any extensive knowledge of the blockchain technology.
This protocol will offer a very cost effective, fast, transparent and secure transfer of data. Additionally, a platform which NEO blockchain will provide support for will be made available for smart contracts and dApp. What this entails is that data exchanges will then be automated, eliminating the need for verification by a third party.
Finding a Reliable Exchange Service
Like we stated earlier, ONT is pretty new in the market when compared to other cryptos. That said, you can still find a number of exchangers from whom you can get these coins or exchange them for other currency or cryptos. There are however a few important things to bear in mind when choosing an exchanger and we will look at some of these.
Ease of Exchange
This is one of the most important factors to consider. This is especially so for ONT which is still very new and does not have a wide spread of exchangers. In fact, most of the exchangers currently available do not accept credit or debit card payments for ONT coins. They only accept other cryptos.
You can however enjoy quick and easy purchase of ONT on an exchanger like rubix.io with your credit or debit card. This makes it pretty easy and straight forward as you do not have to first get some bitcoins or ethereum before you can then use those to purchase ONT. This card purchase is carried out on a very secure platform that ensures the utmost security of your data.
If you already own bitcoins and other acceptable cryptocurrencies then any of the other exchanges will also be perfect for you. The important thing is to ensure that whatever exchanger you opt for offers you an easy means of exchange.
One of the challenges that folks have is how to keep their cryptos safe. Your exchanger of choice needs to be able to provide a very secure wallet where you can store your coins without fear of strangers gaining access to them.
Experts will advise that you do not store your coins with an exchanger for long because of the high risk involved. However, if you can find an exchanger that offers excellent security for your funds, then having them in the exchanger’s wallet will increase the ease of transaction for you should you need to effect another exchange.
For a better understanding of why the security offered by the exchange you use is critical, read this piece of news here: https://cryptodigestnews.com/why-secure-exchanges-are-vital-for-cryptocurrency-success-ef03f9b13f04.
Ease of Sharing
One of the reasons why you may want to have your coins on the exchanger’s wallet is ease of sharing. You want to be able to quickly and smoothly share your coins should you need to. While the exchanger platform should provide ample security for your funds, it should also make transfers very easy. This is something you will find very helpful.
Currently valued at over $1billion despite not having been around for long, ontology is already showing that it is ready to be a player in the big leagues. Given the big plans of its founders and the wide applications it is designed to be used for, the time to invest in this cryptocurrency is now. You would not want to have regrets like many did with bitcoin.
Whip out your credit or debit cards now and find an exchanger that will accept them for a piece of the ontology action.
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