Buy Ontology: Credit Card, SEPA & PayPal – 2022 Guide

John James
October 6, 2021
Buy Ontology Credit Card, SEPA & PayPal – 2021 Guide
Buy Ontology: Guide

If you want to buy Ontology, you are looking for a cryptocurrency introduced in 2018, ranking 60th among the most valuable cryptocurrencies. According to the developers, the token ONT and the Ontology project helps make blockchains usable primarily for individual companies, with the highest focus on trust and security.

The goal is to make blockchains accessible to new sectors without great effort. If the developers live up to their standards, the currency could reach new highs. Ontology was developed by some bright minds behind NEO, who promise the best results thanks to years of experience and the necessary know-how.

Table of Contents

Buy Ontology: what to look for

Investors who want to jump on the cryptocurrency hype and find ONT interesting should consider a few points.

  • Where can I buy Ontology? First of all, you should think about where the ONT investment should be made. We recommend buying Ontology from the award-winning provider ETFinance. You can find out here how you can purchase your first tokens there.
  • Is manya safe investment? Despite the many steadily growing investments in the crypto sector, cryptocurrencies are still considered a relatively risky investment. Above all, critics point to the lack of clarity regarding terrorist activities and money laundering. However, the EU Commission is planning to submit a proposal to regulate cryptocurrencies. This could hedge the market, but it could also reduce the profit opportunities.
  • What do I need to know before trading Ontology? First of all, you should look at the coin to determine which investment strategy it is suitable for. The strategy should then decide on the activities in trading.
  • How does an Ontology wallet work? If you want to buy real ONT coins, you need such a wallet. The tokens are kept here.

Ontology brokers and exchanges in comparison

Buy Ontology

Buy Ontology for beginners in 3 steps

To buy Ontology quickly and easily, we are now using the ETFinance broker in our instructions. In addition to cryptocurrencies, stocks, indices, oil, metals, and stocks can also be purchased from the provider.

First step: Registration with a broker or a crypto exchange

Before we can start investing, we need to register. On the ETFinance website, we can find the ” Register ” button in the top right corner. We click on this, and we can create our account with an email and a password.

However, to trade, the live account has to be set up. For this purpose, personal data is requested, and verification of the account is required. Here also are questions about the previous trading experience provided, which should be answered carefully and truthfully.

ETFinance also offers the option of opening a demo account. Here beginners can test the broker without risk. This is an excellent opportunity to get to know the broker without risking real money.

Second step: Buy Ontology with a credit card, Sofortüberweisung and more

If you want to buy your first Ontology Tokens and thus become an investor in cryptocurrencies, you need a filled account. Log in and go to the trading platform’s deposit menu by clicking on your name in the top right corner and then clicking on ” Make deposit “.

Choose a preferred deposit method. ETFinance offers you numerous deposit options. You can traditionally deposit by bank transfer, but credit card, Giropay or SEPA are also possible, to name just a few. Even electronic payment service providers such as Skrill or Neteller are offered.

Of course, you can also pay in money on the go. For this, customers also have to log into their accounts. Now go to the “wallet registration card” and click on “deposit”. The minimum deposit amount is € 100.

Payment optionPossible?
Ontology buy with credit card✔️
Buy Ontology with PayPal✔️
Buy Ontology with Giropay✔️
Buy Ontology with Skrill✔️
Buy Ontology with bank transfer✔️
Buy Ontology with Neteller✔️
Buy Ontology with other payment methods✔️

Third step: Buy Ontology

If you want to make your investment now, you have to enter the desired currency in the search field, in our case, “Ontology”. A diagram will now open with the current rate and a description of the cryptocurrency. Now click on the “Buy” button. At this point, you have to enter how high the investment should be.

Note that the future of cryptocurrencies is still very unclear. Investments are therefore also associated with a certain risk here. But we don’t want to scare them off, just protect them.

  1. Buy or sell: In our case, we have to select “Buy.”
  2. Trade or orders: Here, we can choose whether to execute the trade immediately (trade) or with a delay (order).
  3. Amount: How much ONT do we want to buy?
  4. Stop Loss and Take Profit: At what loss or profit our position should be automatically sold.
  5. Leverage: With what leverage do we want to buy Ontology? Warning: This can quickly lead to an enormous increase in risk.

If you have set everything, you can finally ” open the trade “.

Broker or stock exchange: Where is the best place to buy Ontology?

Buy Ontology

The financial market cannot escape the hype surrounding cryptocurrencies. That is why the number of platforms that invite customers to buy cryptocurrencies is steadily increasing.

You first need a so-called wallet to purchase real ONT coins via the most famous crypto exchange Binance. Here, too, there is an almost impenetrable offer, which is why we recommend trading Ontology via the excellent broker ETFinance.

With the help of such a broker, one can open ONT positions using CFDs. Although the risk that arises should not be ignored, there is an attractive opportunity to trade the new type of cryptocurrency, especially for active day traders.

It cannot be ruled out that other brokers who currently specialise in ETFs or stocks will also rely more on tokens in the future, significantly if the risk can be reduced through new laws. But, so far, ETFinance has been a relative exception in this regard.

Pros and Cons for Ontology Investments

The particularly secure data and identity system speak in favour of Ontology. The developer himself describes the security and trust of the customers as unique values ​​of the blockchain project.

The coin should be easy and flexible to use for every user. In challenging cases, you can even get in touch with the developers because Ontology tries to improve itself with the community’s input.

ONT already showed at its ICO what price increases digital coins are capable of. This suggests further price potential.

 Enormous price gains already after the ICO

  • Focus on data and identity security
  • Still young cryptocurrency
  • Community-oriented approach
  • High risk
  • Cryptocurrency has yet to establish itself
  • Neo as direct competition

It can be seen as a disadvantage that the portal tries to do a lot of things better in the industry than it has done so far. It wants to be some kind of saviour. However, this could also lead to the project getting lost in breadth and failing in its major self-imposed tasks.

In addition, with NEO, you have a tough, direct competitor in mind. ONT couldn’t really step out of its shadow yet.

What are the fees for buying Ontology?

Buy Ontology

The amount of the fees always depends on the provider. ETFinance scores particularly well when it comes to free account opening and account management. The commission or transaction fee is a flat rate of 0.001% of the transaction value. That’s a very fair price, as shown in the following example.

Let’s take the following example when purchasing Ontology:

  • We buy Ontology worth € 1,000
  • We keep our Ontology for 30 days and then sell it again
  • For the sake of simplicity, we assume that the course does not change in the 30 days

With these assumptions, we now go through the fees of the largest providers.

ProvidersETFinancePlus500Capital.com
DepositFreefor freefor free
Purchase feesFree3.08%0.1%
Holding feesFree0.05%for free
Sales chargesSpreads0.05%0.1%
Payoutfree3.08%for free
Total feesReasonable€ 92.3210 €
Ontology Course: Important moments in the Ontology course
  1. March 2018: Shortly after the ICO in March 2018, Ontology was able to show a jump in the price. This was mainly due to a sophisticated strategy that enabled NEO investors to get Ontology coins cheaply. The two tokens could therefore support each other.
  2. End of 2018: The hype, however, had subsided again at the end of 2018 and had reached the starting level.
  3. 2019: In 2019, the market value held an average of around one euro, but the Corona crisis caused further cuts.
  4. January 12th, 2021: The current value is € 0.504. With a total market capitalisation of € 0.41 billion, ONT is currently ranked 60th among the most valuable cryptocurrencies.

Indeed, it does not seem improbable that Ontology can also benefit from a possible upcoming boom. So now it could be a good, low-cost opportunity to buy Ontology.

Buy Ontology

Buy Ontology with or without a wallet?

It is not necessary to have a wallet to invest in Ontology. Internet brokers, like our recommendation ETFinance, trade cryptocurrencies as CFD brokers, i.e. without a wallet.

These trading instruments are currently so popular with ETFinance that broker fees have been reduced by 50%. Moreover, you can invest here without having to actually spend money to purchase the coin.

Rather, you buy an option and not the value itself. That means a particularly high potential, of course, with an increased risk.

Anyone who prefers actually to purchase tokens depends on a wallet. This is the only way to invest in crypto exchanges such as Binance since deposits cannot usually be made with real currencies.

However, it should be noted that the right digital wallet is selected because numerous options offer various advantages.

Buy ONT – The conclusion

The cryptocurrency Ontology does not yet seem to have reached its full potential. For a possible jump in value, the blockchain must be successfully implemented.

A successful Ontology-based blockchain should lead to a huge increase in the price. Indeed, that is not unlikely. So if you still invest cheaply now, you can count on large profits in the long term. However, one should, of course, keep an eye on the risks.

To purchase Ontology, we recommend the award-winning provider ETFinance, which impresses with its low costs and high-security standards.

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FAQs

If you actually want to buy this crypto currency and not just trade it, you should go to a crypto currency exchange. Coins can be bought with a suitable wallet.

Brokers, such as the provider Libertex recommended by us, trade cryptocurrencies via CFDs or options. So you won’t actually buy tokens here. On an exchange, the currencies are traded and exchanged themselves. However, you need a so-called wallet for this.

The development of the cryptocurrency market is still very unclear. Ontology’s success depends above all on the success of the blockchain project. But the proximity to NEO and the bright minds behind ONT leave a very good impression. It seems quite possible that the project goal will be achieved.

There are wallets that not only support Bitcoin, but also ontology. However, that of course depends on the choice of digital wallet. Not all wallets support multiple currencies. 

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