How to Buy The Graph (GRT)

In fact, the software is specifically designed to collect, process and store data from various blockchain applications to facilitate information retrieval via queries. 

Should The Graph prove to solve key problems for dapp developers, it could become an essential tool in merging blockchain applications and allowing them to communicate information with each other. 

Still curious about how The Graph works? Feel free to read our ‘What is The Graph?’ guide, which offers a more extensive breakdown of its technology and vision. 

The GRT cryptocurrency plays a key role in maintaining and operating the The Graph network. 

For example, it is awarded as an incentive to the computer operators who index data reported to its protocol and spent by users whenever they want to access this data.

There are a number of ways to buy GRT. 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 GRT, 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 GRT on Kraken: 

1. Sign up for a Kraken account.
   First, enter an 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 GRT with cryptocurrencies like Litecoin, Bitcoin, and Ethereum. 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 Kraken account in a number of ways. How you do so will depend upon your location and preferences.

4. Purchase GRT!
   Once your account is funded with cash, you’re ready to buy GRT. You’ll also get access to our advanced charting tools, 24-hour global client support and margin* and futures trading**. All of these features are why millions of global traders love Kraken.

Note: Trading GRT is not available to residents of the USA, Canada, Australia and Japan at this time.

*Availability of margin trading services is subject to certain limitations and eligibility criteria.

**Trading futures, derivatives and other instruments using leverage involves an element of risk and may not be suitable for everyone. Read Kraken’s risk disclosure to learn more.

 

 

Once you buy GRT, you’ll need somewhere to safely store your cryptocurrency. 

Kraken is secure, but it’s always safest to store your GRT in a wallet, a software or hardware device that stores the public and private keys required to make crypto transactions.

There are many types of GRT wallets available. Mobile and web wallets can make transactions easy, while hardware and paper wallets are perhaps best suited for secure, long-term storage. 

When choosing a crypto wallet for your GRT, 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 towards owning GRT and investing in smart contract development platforms? Click the button below to buy GRT on Kraken today!