How to Buy Status (SNT)
Learn all about Buy Status
Status (SNT) is the media related token that has been embraced by crypto enthusiasts and investors since its launch. It is currently ranked number 323 based on market capitalization on CoinMarketCap, with a market capitalization of 218712288 recorded at the time of writing. SNT has been gaining momentum alongside the flourishing cryptocurrency market this year. More and more people are becoming interested in Status. They wish to invest or purchase Status (SNT), but may not know how to get started. Here, we will guide you through all the information you need to know about purchasing Status. Regardless of your location, Bitrue can provide you with a simple and secure way to buy SNT.
Where and how to buy Status
Status (SNT) is currently not available for fiat and spot trading on Bitrue exchange. However, you can purchase SNT on decentralized exchanges (DEX). Simply connect your crypto wallet to a DEX, choose the SNT trading pair, and complete the ordering process. Here is a step-by-step guide on purchasing SNT:
Steps to Buy Status (SNT)
01Step 1 Create a Wallet
Choose from various cryptocurrency wallets, including digital wallets and hardware wallets. Typically, creating a cryptocurrency wallet is as simple as installing an application on your phone or computer. When you install the application, your cryptocurrency wallet is automatically created following the installation steps. Remember to note down your mnemonic phrase or private key during wallet creation, as the loss of this information will result in permanent loss of the digital assets stored in the wallet. Once your wallet is created, you can immediately transfer cryptocurrency to it, securely store it, and use it as you wish.
02Step 2 Wallet Setup
Configure your wallet with a blockchain network protocol compatible with Status (SNT), ensuring that your cryptocurrency wallet can receive SNT.
03Step 3 Choose a DEX
Select a decentralized exchange (DEX) that supports Status (SNT) trading. Popular DEX platforms include Uniswap, SushiSwap, PancakeSwap, etc., depending on the blockchain network hosting SNT.
04Step 4 Connect Wallet
Connect your cryptocurrency wallet to the chosen DEX. This connection allows you to trade directly from your wallet without the need for a central intermediary.
05Step 5 Choose SNT Trading Pair
Locate the SNT trading pair on the DEX platform (DEXs typically list tokens in pairs, such as SNT/ETH, SNT/USDT, etc.). Ensure your wallet has enough cryptocurrency to pay for the desired amount of SNT you want to purchase.
06Step 6 Confirm Order
Decide on the type of trade you want to execute. DEX platforms offer options similar to centralized exchanges, such as market orders and limit orders. Confirm and execute your trade.
07Step 7 Verify Transaction
Transactions on DEXs are recorded on the blockchain. Verify the completion of your trade on the blockchain explorer using your wallet address.
08Step 8 Store Securely
- After the transaction is completed, SNT will be automatically stored in your blockchain network wallet address. You may also consider transferring your SNT to a hardware wallet to enhance security, especially if you plan to hold it for the long term. This significantly reduces the risk associated with keeping digital assets in an online wallet.
- Decentralized exchanges offer greater privacy, transparency, and control over your assets. However, they may have lower liquidity compared to centralized exchanges, and transactions can sometimes be associated with higher fees depending on the blockchain network. Always conduct thorough research on the chosen DEX and understand its features before initiating transactions.
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Alternative methods to acquire Status
Apart from directly buying Status (SNT), what are the alternative methods to acquire Status ?
Fixed Auto-Investment in SNT
Regularly invest a fixed amount at scheduled intervals in Status (SNT) digital assets, enjoying both short-term returns and long-term benefits.
Staking SNT
Flexible staking of Status (SNT) digital assets to earn interest or high returns in other cryptocurrencies.
Get Status (SNT) for free
If you have enough time, you can obtain Status for free through the following methods:
- Invite friends to join the Bitrue coupon event and earn free Status (SNT).
- Join the Bitrue Rewards Center, participate in ongoing challenges and airdrops to receive free Status.
- All cryptocurrency airdrops and rewards can be exchanged for SNT through coin-to-coin exchange or spot trading.
How to keep your Status safe and secure
Once you have purchased Status, it is crucial to store it in a secure location.
If you are highly familiar with operating on-chain Status wallets, you also have the option to store Status (SNT) separately in a personal encrypted wallet. This wallet serves to keep your Status secure and accessible, allowing you to send and receive it while maintaining control.
To ensure the security of your Status, consider the following types of encrypted wallets:
- Mobile Wallets: Store your private key in an application on your smartphone.
- Web Wallets: Third-party-controlled online servers that store your private key.
- Desktop Wallets: Computer programs that allow you to store your private key on a hard drive.
- Hardware Wallets: Physical devices for offline storage of private keys.
Note: Cryptocurrency wallets do not technically store your Status encrypted assets. Instead, the assets remain on the blockchain, and access is granted using the digital private keys stored in the wallet.
Get SNT with Bitrue
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Some market stats about SNT
Price Analysis
SNTStatus Price Now:
$0.04802-10%24H
Status is rising this week.
The price of Status has dropped by -12.71% in the last 7 days. It has seen a -10.46% decrease in the past 24 hours and a -2.05% decrease in just the last hour. The current price is $0.04802 per SNT. Status is increased --% from its all-time high of $--.
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Calculate the Returns on Your Status Investment
How much profit would I have if I bought $ worth of Status in ?
CalculateReturns based on the average Status price for that year. Not financial advice.
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How to buy other cryptocurrencies
There are lots of ways to buy, swap, and convert crypto. Learn more about how you can do it all using Bitrue with our how to buy crypto guide.
Other crypto similar to SNT
FAQ About Buy Crypto
What is Status?
Status is an open source messaging platform and mobile interface to interact with decentralized applications that run on the Ethereum Network. The messenger form-factor is chosen to make Ethereum feel as familiar as possible to the average smartphone user while providing a flexible platform for DApp developers, aimed to maximise the amount of daily use of Ethereum¡¯s public blockchain. The Status Network token is a modular utility token that fuels the Status network. This includes a Decentralized Push Notification Market, Governance of the Status client, Community Curation of content, along with social communication tools such as Tribute to Talk. We also propose a fiat-to-crypto 'Teller Network', DApp Directory, Sticker Market, and demonstrate our research on a User Acquisition Engine to grow the Network.
How many Status are there in total?
The total supply of Status is 6,804,870,174 and the Circulating Supply is 3,997,352,386 .
Why are people buying Status?
People buy Status for various reasons. Some view it as an investment, expecting its value to increase, while others appreciate its decentralization and anonymity, seeking to avoid restrictions of traditional financial systems. Additionally, Status serves as a digital asset with transactions independent of central authorities. Overall, motivations for purchasing Status include investment, risk diversification, and trust in new digital assets.
Should I buy Status?
Deciding whether to buy Status depends on individual financial goals, risk tolerance, and understanding of the digital asset market. Status investments involve market volatility and risks, so it's advisable to thoroughly understand its characteristics and market conditions before purchasing. If you have investment experience, can withstand price fluctuations, and are willing to accept potential losses, buying Status (SNT) may be a suitable investment choice. However, remember that all investments come with risks.
Can I use cash to buy Status?
Generally, buying Status digital assets by cash is relatively challenging, as most cryptocurrency exchanges prefer electronic payments or bank transfers.
What can I do with Status?
You can use Status to pay for goods and services, invest, transfer and remit, preserve assets, participate in DeFi, donate, and more.
Disclaimer
Cryptocurrency markets are highly volatile and can experience rapid price fluctuations. You are solely responsible for your investment decisions and Bitrue is not liable for any losses you may incur. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information provided on this platform and any associated materials are for informational purposes only and should not be considered as financial or investment advice.
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