How to buy STEPN

Have you ever wondered if it’s possible to earn crypto coins while running or moving? Well, with the STEPN Web3 lifestyle app, it is now possible! STEPN is powered by the SOLANA blockchain, and it gained 4th place in the 2021 Solana Ignition Hackathon.

Due to STEPN’s popularity, many users ask questions like “how to buy STEPN (GMT)” and “where to buy STEPN (GMT)?” If you’re eager to join the STEPN bandwagon but don’t know where to start, this article will give you the answer.

STEPN (GMT) Buying Guide

Step 1: Find An Exchange That Supports GMT

To start buying GMT, you must create an account in a compatible crypto exchange. Finding this exchange is easy because there are numerous active marketplaces that support STEPN crypto token.

Crypto platforms may be similar in purposes but different in operation. Some crypto exchanges have seamless functionality while others have premium security with reasonable transaction fees.

  • 500+ Cryptocurrencies Available for Trade
  • Fees (Maker/Taker) : 0.075%*-0.1%*
  • Sign-up bonus: 10% reduced trading fees*
  • Available in Europe, Asia, Oceania, Africa
  • 1000+ Cryptocurrencies Available for Trade
  • Fees (Maker/Taker) : 0.2%*-0.2%*
  • Sign-up bonus : Up to $500 in USDT vouchers*
  • Available in North America, South America, Europe, Asia, Oceania, Africa
  • 1000+ Cryptocurrencies Available for Trade
  • Fees (Maker/Taker) : 0.2%*-0.2%*
  • 10% reduced trading fees & up to $170 in USDT vouchers*
  • Available in North America, South America, Europe, Asia, Oceania, Africa

Registering to a crypto exchange will take only a few minutes. To start, you must enter your basic personal details like full name, email address, and password. The crypto exchange may also require you to add a home address and a phone number for verification. 

You probably need to fill up a KYC (Know Your Customer) form before proceeding to any transaction. The KYC process is a security option implemented by heavily regulated exchanges and financial websites.

Step 2: Deposit Funds to Your Exchange Account

Before buying a GMT token, you must add funds to your new crypto account. Depositing funds is easy because most exchanges allow crypto-to-fiat transactions. Some of the popular examples of fiat currency are USD, AUD, and EUR. You can fund your account through debit cards, credit cards, bank transfers, and electronic wallet transfers.

Crypto exchanges have different payment methods for transactions. These methods probably have higher fees than the ones you’re commonly using. So, before depositing funds to your crypto account, you should do your own research.

Step 3: How to Buy GMT Officially?

Learning how to buy GMT is not difficult. First, you must go to a crypto exchange’s search bar. Oftentimes, the search bar is located on top of the website page. Once you’ve located the search bar, start looking for the GMT ticker. You can also look directly for GMT trading pairs to save time. Afterwards, just enter the amount of the GMT tokens that you want to buy.

You must always double-check the transaction details to avoid errors or inconsistencies. Additionally, before the transaction, crypto exchanges might refer you to their exclusive wallet software. This wallet is essential for storing your cryptocurrencies, but it is optional since you can always create an individual software wallet. If you have money to spare, you can even purchase a hardware wallet with competitive security encryption.

Everything You Have to Know About STEPN (GMT)

The STEPN lifestyle app solidified the concept of ‘walk & earn’ and added more gaming, social, and customization mechanics. As a STEPN holder, you can benefit from the app by purchasing digital Sneakers and integrating them with your device.

Currently, the STEPN app has three modes:

The Solo mode allows you to earn tokens while moving or running. The amount of earnable tokens depends on the Sneaker that you’ve chosen and your activity. You need to acquire Energy to earn Green Satoshi Tokens (GST). For every five minutes of continuous movement, you’d gain an Energy point.

The Marathon mode has a competitive aspect. Under this mode, you can join a weekly or monthly marathon and earn rewards along the way. Marathon is a great way of earning GST or GMT while staying healthy at the same time.

The Background mode is STEPN’s version of idle rewards. As long as you’re still moving around and you have a digital Sneaker, the app will earn GST continuously. The Background mode has a cap of 3,000 steps per day.

If you love collecting achievements, you’d be happy with the STEPN app. By using the app, you can gain numerous achievements in the form of NFTs. You may trade these NFTs anytime.

How Does STEPN (GMT) Work?

The STEPN app works through simple and easy steps.

  • First, you must download the STEPN app and sign up on the platform.
  • Once your account is verified, you may now create a digital wallet.
  • Next, you must transfer SOL to your wallet. SOL tokens are needed for buying Sneakers. Make sure that you have enough SOL in your wallet for gas fees.
  • Buy a Sneaker from the Marketplace and wait for the Energy to refill. Once the Energy meter is at 25%, you can start running and earning GST tokens.

Aside from running and getting rewards, you also have the opportunity to level up your Sneakers. Levelling up will take time but you can speed up the process by burning GST. Once your Sneakers reached the max level of 30, you can customize them in numerous ways.

At max level, you can also pick the Sneakers’ reward payout: GST or GMT. You may change the reward system anytime, but the process has a cooldown period.

What Makes STEPN Unique?

STEPN is unique because it compels token holders to move around and stay away from their screens. By doing so, users can become healthier and they can even help the environment by reducing their carbon footprint.

Using STEPN is really a win-win case. You become healthier by running and you’re even incentivized to do the effort!

Who Are the Founders of STEPN?

The Founder of STEPN is Yawn Rong – a skilled entrepreneur and dedicated crypto investor. Rong is supported by his team of skilled professionals: Jerry Huang (Co-Founder), Jessica Duan (CSO), and Ryan Turner (Lead Designer).

The STEPN Core Team also has a special advisory team that helped the app become more popular, scalable, and valuable for millions of end-users. This advisory team consists of Scott Dunlap (VP of Adidas), William Robinson (Head at Accelerator at Alliance), Jason Kam (Founder of Folius Ventures), and Santiago Santos (a Web3 investor).

What Are the Use Cases of STEPN?

STEPN has multiple use cases meant for traders and everyday users. As a user, you must know the use cases of STEPN to determine its usefulness in your portfolio.

These are the common use cases of STEPN:

  • Trading
  • NFT collecting and trading
  • Incentivized running or movement
  • Governance

Who Builds on STEPN?

STEPN is highly beneficial to all people who want to become healthier while earning cryptos at the same time. Additionally, people who want to build their NFT collection can start with the STEPN platform.

Official website: https://stepn.com/

Essential Points of the STEPN (GMT) Whitepaper

The STEPN Whitepaper emphasized the real possibility of permanent data storage. The paper also revealed the working components of STEPN (GMT).

These are the strong points of the STEPN Whitepaper:

  • Move and earn system
  • Sneaker NFT collection
  • Sneaker upgrades and customization
  • Gems and sockets for Sneakers
  • Carbon footprint offsetting
  • Social-Fi and Game-Fi elements

The Best Cryptocurrency Wallet for STEPN?

After knowing how to buy STEPN, you should think about the security of your cryptos next. Fortunately, you can always choose from dozens of available crypto wallets. You should pick a crypto wallet based on your trading habits and security preferences.

You will likely begin your crypto journey with hot storage wallets. These digital wallets are connected online, allowing easy access whenever you want. Hot storage wallets are also cheaper than cold storage wallets. However, one downside of a hot wallet is its vulnerability to online theft. You may need to use additional security measures to keep your hot storage wallet safe.

On the flip side, cold storage wallets are physical hardware wallets. Since cold wallets are tangible, their security level is better than digital wallets. You can put a physical storage wallet in a separate deposit box for premium protection.

What Factors Affect My Choice of Crypto Wallet for STEPN?

At first, you might get confused with the diverse choices of crypto wallets in the market today. Knowing the common buying factors for crypto wallets will help you make the right decision.

Check out the important factors affecting your choice of STEPN wallet:

  • Are you a regular trader? If so, then a hot storage wallet is the best choice for you. A hot wallet allows a quick and easy log-in method to your chosen platform. In less than a minute, the integrated hot wallet will let you trade GMT right away.
  • Not all wallets support a wide range of cryptocurrencies. The best crypto wallets are those that will let you trade hundreds of cryptocurrencies without limitations.
  • When it comes to security, a physical cold storage wallet is better than a hot wallet. You can simply store your cold wallet in a private safe deposit at home or the bank. Just make sure that your private seed phrase is safe and secured.
  • Setting up a digital wallet is free. On the other hand, getting a cold storage wallet requires money because you need to buy the physical hardware.
  • Do you want to see detailed technical analytics? In that case, you can never go wrong with hot wallets. In most cases, hot wallets generate technical analytics and semi-accurate market insights to help you make a trading decision. Cold wallets also have analytics capabilities that you can tweak freely.

Ledger vs. Trezor – What is The Best Choice for A Beginner?

Now that you already know how to buy GMT, you must protect your investment by choosing a cold storage wallet. As mentioned above, cold wallets offer better security levels than hot wallets.

When it comes to cold storage wallets, it’s best to start with Ledger or Trezor products.

Ledger is a popular cold wallet brand because of its reliable security features. The Ledger interface, for example, will only let you send cryptos if you’re connected to a personal computer or device.

If Ledger excels in security functions, Trezor takes the crown of intuitiveness and compatibility. Trezor’s interface is beginner-friendly, allowing fast and efficient trades once the device is ready. Trezor products are also compact and appealing to the eyes. 

General Market Overview for STEPN (GMT)

Do you want to learn more about GMT and other crypto coins? Check out our crypto blog and get all the relevant information that you need!

Additionally, here are some important topics in our blog:

  • Trading speculation about GMT
  • The current market prices of cryptos
  • Detailed price charts with comprehensive history
  • Whitepaper summaries of cryptos
  • Founder profiles and their related works
  • Up-to-date cryptocurrency news and developments

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