How to Buy OCEAN (Ocean Protocol)

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. 

While OCEAN is primarily used to access its marketplace, that’s not the only reason you might be interested in this innovative crypto asset.

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.

Follow the steps below to start buying OCEAN on Kraken: 

1. 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.

2. 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.

3. Deposit cash.
   You can fund your account in a number of ways. How you do so will depend upon your location and preferences.

4. Purchase OCEAN!
   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.

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.

Ready to take the next step toward using a decentralized marketplace? Click the button below to buy OCEAN on Kraken today!