Ordi (ORDI) is a promising digital currency gaining popularity in the market. Also known as Ordinals, it is a decentralized currency that operates on a secure blockchain network. Like other cryptocurrencies, Ordi utilizes cryptography to ensure the integrity and privacy of transactions.
This article will give an overview of what Ordi is and discuss its potential as an investment opportunity. Along with explaining how the token works, we’ll also provide a detailed guide on how to buy Ordi.
An Overview of What Ordinals (Ordi) Coin Is and What It Does
Ordinals are meme coins on the Bitcoin blockchain that are equivalent to satoshis, the tiniest part of the chain. The mathematical idea of ordinals that deals with the order and size of infinite sets serves as the foundation for Ordi.
Ordinals are used to create a protocol that allows users to embed data into each satoshi without affecting its security or scalability, creating something called Bitcoin ordinals. An Ordinal is a distinct digital asset that is associated with a particular Bitcoin. Paying for the prizes and costs related to data embedding is done using ORDI coin, the native currency of the Bitcoin ordinals protocol.
ORDI coin is also a BRC-20 token, which is a fungible token created on the Bitcoin blockchain using ordinal inscriptions. ORDI coin is the first and only protocol that lets users produce and transfer non-fungible tokens (NFTs) on the Bitcoin blockchain. You won’t need a sidechain or any other network to make and share these NFTs.
NFTs are distinct tokens that may stand in for various real-world items, including games, music, art, and more. With Ordinals, users may store any kind of data—text, photos, music, video, and more—on the Bitcoin blockchain without sacrificing the data’s integrity or functionality. In addition, ORDI has a set and a limited number of 21 million tokens, which matches Bitcoin’s supply and ensures scarcity and deflation.
This project has a promising future since it provides a novel and inventive method of storing and transferring data on the blockchain. The ORDI project gained more attention and recognition after being listed on Binance, one of the world’s largest and most reputable cryptocurrency exchanges. Since the ORDI’s launch date, its volume and price have increased significantly, hitting an all-time high of $68, and is anticipated to soar much more.
What Is the Best Place To Buy ORDI?
Now that you know what ORDI is and what it does, you’re probably asking where the ideal exchange platform to obtain this digital asset is. Suppose you’re interested in investing in ORDI tokens. Check out KuCoin, a reputable and popular cryptocurrency exchange offering a wide range of trading options and a strong industry reputation.
KuCoin has several benefits and features, making it an excellent alternative for ORDI token purchasers. Some of the benefits and features include the following:
- Easy KYC process: The KYC (Know Your Customer) process is one of the features that make KuCoin the ideal site to buy ORDI coins. Many regulators and agencies worldwide now demand this process to avoid money laundering, terrorist funding, and other illegal actions by verifying the name and address of the users. KuCoin previously had no KYC, but as part of its compliance and security enhancements, it established an obligatory KYC procedure for all users on July 15, 2023.
- Minimal fees: KuCoin’s 0.1% trading cost, which is among the lowest in the market and comparable to Binance, is one of the features that make it the best exchange for ORDI. Buying ORDI tokens on KuCoin thus helps you to save even more money.
- Support for small market cap cryptos: KuCoin lists a large selection of tokens, including the ones that are not too popular or the small-cap coins with huge growth potential. One of these coins on the KuCoin list is the ORDI coin, which is simple to locate on the platform and exchange for other cryptocurrencies.
- Buy crypto with top fiat currencies: Another reason to use KuCoin is the trading approach, which enables you to buy cryptocurrencies with fiat currencies. These fiat currencies, such as USD, EUR, GBP, CNY, CAD, and AUD, are stable currencies readily available for purchase by peer-to-peer fiat exchange, credit or debit card, or bank transfer. This makes purchasing ORDI tokens with your choice money simple and quick.
- User- and beginner-friendly platform: Unlike other exchange platforms, KuCoin features a clear and intuitive design that makes trading straightforward and satisfying. You can access KuCoin via desktop or mobile app and experience excellent design and functionality. KuCoin also has a responsive help center and a proactive customer support staff to aid you with any queries or difficulties you may have on any transaction.
- Non-custodial trading: KuCoin allows you to trade straight from your own wallet using its partner, the Arwen protocol. With this, you won’t need to rely on a third party and can maintain complete control and security over your money and assets.
- Various trading options: KuCoin provides a range of trading alternatives, including loans, staking, peer-to-peer, margin, spot, and futures. These are your alternatives to diversify your portfolio and increase your earnings. Additionally, you may get passive money 24/7 without having to watch the markets continuously by using the KuCoin trading bot.
As you can see from the discussed features, KuCoin is the perfect platform to buy ORDI tokens. KuCoin is a safe, reputable, and user-friendly cryptocurrency exchange that supports over 400 coins and has millions of users worldwide. BingX, MEXC, and OKX are some more exchange platforms to consider. Since we’ve established why KuCoin is the best site to acquire ORDI coins, we’ll walk you through the purchasing procedure in the next section.
A Step-by-Step Guide on How To Buy the Bitcoin Ordinals (ORDI) on KuCoin
KuCoin has shown to be the people’s exchange platform with its countless benefits and accessible 24/7 customer support. What’s more appealing in an exchange platform after knowing it makes the life of traders easy while helping them save more? That’s why we move to the next phase of learning how to use KuCoin to your advantage and buy the token you want.
So read carefully and follow the steps below if you want to buy ORDI tokens successfully with KuCoin.
Step 1: Visit the KuCoin Website
One needs to be skeptical about this step because you can lose your funds to any phishing or scam website if mistakenly spelled. Hence, ensure you type www.kucoin.com on your browser address bar or click the link to visit the webpage. Another way to gain access to a KuCoin account is via the mobile app, which is available for download on the website for both iOS and Android users.
Step 2: Sign Up or Login to an Existing Account
After making sure you have visited the main KuCoin website, the next thing to do is click on log in and input your details if you have an existing account. Otherwise, you must sign up for an account to gain full access and be able to buy the ORDI coin. Follow the highlights below to register an account with KuCoin.
- Click the Sign-Up button at the top right corner of the KuCoin homepage.
- Enter your email or phone number and click “Create Account and Claim Reward.” Immediately you click that, a verification code will be sent to the email or phone number you used; input the code to confirm you are the owner.
- Create a strong password with an uppercase letter, a number, and a character. Finally, click on Create Account.
Step 3: Verify Your New Account
As a sequel to the obligatory KYC process established on July 15, 2023, you must also complete this process to gain access to advanced features. KuCoin’s KYC process is straightforward and user-friendly, needing you to supply only your complete name, date of birth, nationality, and a valid government-issued ID. You must also provide a selfie of yourself carrying your ID.
The valid government-issued ID that KuCoin accepts for its KYC verification are:
- A driver’s license
- National ID
- A passport
Step 4: Add a Payment Method To Buy Stablecoins Such As USDT
Following the verification of your KuCoin account, you can add a credit or debit card or bank account with the Fast Trade or Third-Party option. The Fiat Deposit option lets you buy crypto using fiat currencies like USD, EUR, GBP, CNY, CAD, and AUD. To do this, click “Buy Crypto” to get a drop-down of four different options, three of which can let you add a payment method, except the P2P option.
You may purchase stablecoins such as USDT on KuCoin using your selected payment method by clicking the Buy Crypto button. You can also transfer your crypto holdings from another wallet or trading platform to KuCoin. But check that your blockchain network is correct since depositing cryptocurrency to the incorrect address may result in asset loss.
Step 5: Deposit Funds
After adding your payment method, it is necessary to deposit funds to be able to buy ORDI. Successfully depositing funds to buy ORDI can be done in two easy ways: buying cryptos with a credit/debit card or other payment methods and depositing cryptos such as USDT directly from another wallet.
However, the former method is the easiest and fastest way to deposit funds in your KuCoin account, especially as a newbie. The latter, on the other hand, is best suited for users who already have some crypto holdings in another wallet. We will discuss both options below to assist you in completing this fifth step correctly:
- As a new user, you may not have the Asset tab yet, so click on Add Funds at the right corner of the top navigation menu.
- Select Buy Crypto Directly from the pop-up interface.
- Input the amount of USD you want to trade, and the equivalent rate will appear in the USDT tab.
- Click the “Pay With” option and select “Add Card” to supply your credit/debit card details. Finally, click Buy USDT and confirm the transaction.
As said earlier, you can transfer your crypto holdings to your KuCoin wallet by following the steps below:
- Click on Add Fund at the right corner of the top navigation menu.
- Select Deposit Crypto from the pop-up interface.
- You will see your deposit address and QR code for that crypto. You can also choose the network you want, such as ERC-20, TRC-20, etc. Make sure you choose the same network as your external wallet, or you may lose your funds.
Paste the deposit address you copied from your KuCoin account in your external wallet or scan the QR code. You can confirm the transaction after entering the desired amount of crypto you wish to transfer. You can check the status of your deposit on the “Deposit History” page under the “Assets” tab.
Step 6: Transfer Your Crypto to ORDI on the KuCoin Trading Account
You must have wondered why we advise you to buy a stablecoin in the previous step. This is because ORDI coins are not directly listed among the options available to purchase from deposits. Hence, the coin compatibility of the USDT lets you swap or convert it to the ORDI coin. You can find your desired ORDI/USDT trading pair in the KuCoin spot market.
Follow the outline below to do this:
- Select the Trade option from the navigation menu at the top. Then click Convert from the drop-down list of options
- Select USDT in the “Pay” field and search for ORDI (Ordinals) in the “Get Estimated” field.
- Click Convert to swap your USDT to the Ordinals (ORDI) token at zero fees. Finally, click on Confirm to authorize the transaction.
Alternatively,
- Click on Spot Trading under the Trade option in the top navigation menu.
- The trading pair that’s always on spot trading by default is BTC/USDT, so click on it and search for the ORDI/USDT trading pair.
- After selecting the ORDI trading pair, input the amount and set a stop limit.
- Finally, click on Buy, and you’ll get an Ordinal (ORDI) token equivalent to the amount of USDT inputted.
The difference between the two methods is that the first process lets you convert or swap your USDT to an ORDI token at the current market price. Due to the cryptocurrency market’s volatility, the second process lets you decide the token entry price after studying the charts and indicators. However, researching and understanding the entry price can be challenging for beginners.
Alternative Exchange Platforms To Buy ORDI
Although KuCoin currently operates in over 200 countries with more than 30 million users worldwide, limitations and regulations on this platform vary across countries. The different regulations often push traders to seek alternatives that give full experience in their region.
Hence, you might want to consider BingX, MEXC, and OKX if you are looking for alternative exchange platforms to buy ORDI.
BingX
BingX is a cryptocurrency exchange that incorporates social components into its trading platform, resulting in a unique blend of finance and community. The trading services available on this platform include spot, derivatives, copy, and grid trading. You will be able to trade (buy and sell) more than 350 cryptocurrencies, including ORDI, as a fully confirmed BingX user.
In addition, BingX provides Tradingview integration, which improves user experience by offering real-time data analysis and extensive charting capabilities. With its straightforward and easy-to-use interface, BingX allows daily withdrawals of up to $50,000 USDT without requiring KYC.
MEXC
Next on our list of alternative platforms to buy ORDI when not using KuCoin is MEXC. With rapid expansion, the centralized exchange platform MEXC now serves over 6 million consumers in more than 170 countries globally. The platform supports over 1,600 cryptocurrencies and offers more than 2,000 trading pairs, providing users with mixed options for their trading needs.
MEXC has one of the industry’s lowest pricing structures, with no spot trading fees. The company has acquired essential licenses in Canada, Australia, Estonia, and the US, with an emphasis on security and regulatory compliance. Additionally, MEXC provides a range of trading alternatives, including loans, staking, peer-to-peer, futures, margin, and spot.
OKX
Another alternative to buying ORDI is OKX, one of the largest and most popular crypto exchanges in the world. On OKX, there are over 20 million users and more than $10 billion in daily trading activity. Numerous trading services, including spot, margin, futures, perpetual swaps, options, and DeFi, are available on the platform. You can trade over 400 cryptocurrencies, including ORDI, as a registered OKX user.
Alongside its advanced trading tools and features like algorithmic orders, trailing stop orders, and iceberg orders, OKX also provides a user-friendly and straightforward interface. This platform has an additional advantage over others in that it is very reliable and secure, with numerous levels of security and a 100% reserve.
Bottom Line
Ordi’s potential for growth and value increase is one of its primary characteristics. The demand for Ordi may rise as more people and companies use cryptocurrencies, which might lead to a possible price pump. An overview of how to use the KuCoin exchange platform to trade ORDI has been given in this article. You can drop your comment below if you have any issues with verification or any part of the process!
