How to Buy $STRK Tokens on Bybit

For this guide, we will buy the $STRK tokens via the Bybit trading exchange. Bybit is a popular trading platform with over 30 million active users and a high safety index. We chose Bybit for its competitive trading fees of 0.10% for makers and takers, support for over 600 crypto coins, high liquidity, KYC compliance, and excellent customer support. New users can earn up to $30,000 as a welcome bonus.

Buy $STRK!

Bybit supports advanced trading tools, enabling users to optimize their trading strategies using multiple trading bots such as grid, martingale, combo, copy, and DCA for better potential returns on their investments. Plus, users with a risk-tolerant mindset also get leverage of up to 100x on their futures investments.

Below, we have listed all the steps for buying $STRK tokens on Bybit:

Step 1: Open your browser and go to the official website of Bybit. Sign up for an account to start trading.

Step 2: Once you’re logged in, navigate to the Bybit homepage. Hover over the “Trade” tab, and from the drop down menu, select “Spot”.

Step 3: Next, click on the “Asset” list, type “STARK” in the search bar and select the “STARK/USDT” pair.

Step 4: On the right-hand side, locate the Buy/Sell panel where you can place either a Market or Limit order.

Step 5: In the “Quantity” field, enter how much STARK you’d like to buy, or use the “Order Value” field to specify how much USDT you want to spend. For quick adjustments, feel free to use the slider as well.

Step 6: Once your order details are confirmed, click “Buy” to place your Market or Limit order.

Fees When Buying Starknet Tokens On Bybit

Bybit keeps trading costs simple and affordable with a flat 0.10% fee for both maker and taker orders. For example, if you purchase $100 worth of $STRK, you’ll pay just $0.10 in fees. That means you’ll receive $99.90 worth of Starknet tokens in your account

How to Transfer $STRK to a Web3 Wallet (Argent)

Users interested in Starknet’s zero-knowledge scalability features usually transfer their tokens to a Starknet-compatible wallet to participate in the ecosystem’s dApps and DeFi tools. Starknet isn’t EVM-based, it runs on Cairo, a different virtual machine. To interact with the network, you’ll need to use wallets like Argent, which are designed for native Starknet compatibility.

After setting up your wallet, you can safely transfer and manage your $STRK tokens, access Starknet-native applications, and benefit from its zero-knowledge rollup architecture.

Step 1: Go to Bybit’s official website and log in to your account using your credentials.

Step 2: Once you’re logged in to Bybit, go to the top right corner of the homepage and click on the profile icon. From the dropdown menu, select “Withdraw”.

Step 3: On the withdrawal page, you will see that there is a search bar next to “Select Coin”. Search for and choose “STARK”.

Step 4: In the “Wallet Address” field, open your Web3 wallet, copy your Starknet Wallet receiving Address, and paste it here.

Step 5: Next, select Starknet as the “Chain Type” to ensure the tokens are sent to the correct network.

Step 6: Scroll down, enter the amount you want to withdraw in the “Withdrawable Amount” field, then click on “Confirm” to proceed.

After initiating the transfer, you can track its status by entering the transaction ID (TXN ID) on Starknet Monitor. Once it’s confirmed on the blockchain, your $STRK tokens will appear in your connected Web3 wallet.

Buy $STRK!

Starknet Explained

Starknet is one of the leading layer 2 projects designed to scale Ethereum using zk-rollup technology. Built by StarkWare, it processes transactions off-chain and posts cryptographic proofs to Ethereum, enabling faster and more cost-efficient activity. As a permissionless Layer 2 network, Starknet allows developers to launch decentralized applications with greater scalability.

It uses a unique proof system called zk-STARK to maintain privacy and integrity. Starknet’s utility token, $STRK, will power the ecosystem by covering transaction fees, enabling governance, and supporting staking. With a total supply of 10 billion tokens, $STRK was deployed on Ethereum in late 2022.

Bottom Line

Starknet is pushing boundaries in the world of Ethereum scalability through its use of ZK-STARKs. As the ecosystem matures, holding and understanding how to safely manage $STRK (or other Starknet-native tokens) will be crucial. So you could be developing and deploying Cairo contracts or just exploring Starknet-powered dApps, staying on top of token storage and transfer best practices ensures you’re ready for what this powerful network brings next.

FAQs

1. Can I pay transaction fees with $STRK?

Yes! Although StarkNet initially used ETH for transaction fees, users now have the option to pay with $STRK.

2. What is the Starknet token used for?

$STRK is used to pay for gas fees on Starknet, participate in network governance, and secure the network through staking mechanisms.

3. Can I buy Starknet tokens on MetaMask?

Yes, if you use a supported DEX like JediSwap or mySwap on Starknet. But you’ll need to bridge assets to Starknet and use a compatible wallet like Braavos or Argent X, since MetaMask isn’t natively supported yet.

4. Can I store STRK in MetaMask?

Not directly. MetaMask doesn’t support Cairo-based contracts (Starknet’s native language). Use wallets like Braavos or Argent X for native support.

5. What network does Starknet use?

Starknet runs on a ZK-rollup architecture over Ethereum but has its own unique Cairo-based chain and smart contract environment.