How to Buy OCEAN (Ocean Protocol)
Are you a startup or a researcher needing to access datasets for your artificial intelligence project?
You may want to consider the Ocean Protocol, a software that makes the data sets on its platform available to users without the data having to leave the hands of those who store it.
Built on top of Ethereum, Ocean’s software links users who need data but cannot store it with those who have resources to spare.
Not sure yet why you’d want to buy OCEAN? Feel free to read our ‘What is Ocean Protocol?’ guide. It offers a more extensive breakdown of its technology and vision.
Ready to dive in?
If you just want to start buying OCEAN right away, click the button below to begin.
Why buy OCEAN?
While OCEAN is primarily used to access its marketplace, that’s not the only reason you might be interested in this innovative crypto asset.
You may also consider buying OCEAN if you want to:
- Diversify your long-term investment strategy
- Invest in projects designed for decentralized data sharing
- Stake OCEAN to provide liquidity to the marketplace
- Support the development of applications on Ethereum.
Where can I buy OCEAN?
There are a number of ways to buy OCEAN. However, many find that it is easiest to purchase it through a trusted global exchange like Kraken.
Aside from offering the lowest fees in the industry, Kraken is constantly rated one of the most secure and trusted crypto exchanges in the world. This matters because if you lose the private key to your OCEAN, it can be challenging if not impossible to recover your funds.
At Kraken, we take security seriously, with tested technology and rigorous procedures designed to safeguard funds. We don’t cut corners when it comes to security, and neither should you.
How much OCEAN can I buy?
Looking to buy OCEAN on a budget? Don’t worry, Kraken offers a minimum order size of 10 OCEAN to help you gain exposure to a variety of assets.
Of course, you can also execute larger OCEAN buy orders as well. It wouldn’t be out of the ordinary for larger traders to purchase or trade 115,000 OCEAN or more on Kraken.
How to buy OCEAN on Kraken
Follow the steps below to start buying OCEAN on Kraken:
Sign up for a Kraken account.
First, enter a valid email address, create a new username and set a strong password to protect your account.
Verify your account.
After providing your name, date of birth, country of residence and phone number, you can buy OCEAN with cryptocurrencies like ETH and DASH. In order to use cash (i.e. USD or EUR), you’ll need to provide our experts with additional supporting documents verifying your identity. Read about our verification processes here.
You can fund your account in a number of ways. How you do so will depend upon your location and preferences.
Once your account is funded with cash, you’re ready to purchase OCEAN. At this point, you’ll also gain access to our advanced charting tools, 24-hour global client support and the ability to utilize spot trading on margin*, features that help make the Kraken experience beloved by millions of global traders.
*Availability of margin trading services is subject to certain limitations and eligibility criteria.
24/7/365 Customer Support
Trading is really pretty simple! If you have any questions about buying OCEAN, let us know. Our support staff is online all day, every day, ready to help.
You can reach us anytime on LiveChat or by email.
Where to keep your OCEAN
Once you buy OCEAN, you’ll need somewhere to safely store your cryptocurrency.
Kraken is secure, but it’s always safest to keep your OCEAN in a wallet, a software or hardware device that stores the public and private keys required to make crypto transactions.
The Ocean Protocol is a platform built on top of Ethereum, meaning OCEAN can be stored in an Ethereum wallet, of which there are many. Mobile and web wallets can make transactions easy, while hardware wallets are perhaps best suited for secure, long-term storage.
When choosing a crypto wallet for your OCEAN, first spend some time thinking about what you plan to do with your tokens to find a wallet that fits your needs.
Kraken is not a wallet service
It is important to note that Kraken is an exchange service and not a wallet service. So while we allow our clients to hold OCEAN in their accounts, we highly encourage you to separate your OCEAN holdings into multiple wallets.
Start buying OCEAN
Ready to take the next step toward using a decentralized marketplace? Click the button below to buy OCEAN on Kraken today!