BEST CRYPTO EXCHANGES
Credits: Tradingview.com
Blockchain technology has revolutionized the way transactions are made through decentralization.
On the other hand, more and more companies today work on identifying addresses behind codes to trace people’s activities.
The Oasis Network is an emerging player in privacy-as-a-service and decentralized finance ecosystems.
We will provide a detailed guide on how to buy ROSE crypto, its native utility token, on two crypto exchanges highly recommended by traders.
How to Buy ROSE Crypto
There are a limited number of crypto exchanges where you can trade or buy ROSE crypto. Here are two of the best ones you should check out:
Binance
Credits: Binance.com
Binance needs no elaborate introduction as it is one of the most-recommended exchanges in the crypto space today.
The two main reasons behind its popularity are the availability of unique trading tools and ultra-low fees.
The site charges a flat rate of only 0.1% in every transaction and this could go as low as 0.02% after reaching a certain trading volume.
Also, Binance accepts a wide range of payment options. Among these are bank payments, credit/debit card linking, peer-to-peer trading, and third-party payments.
For those planning to ditch the high interest associated with credit card transactions, Binance now offers Crypto Loans.
This feature allows users to borrow and lend crypto without the need for a credit card. The loan term can be payable up to 180 days max.
Moreover, Binance users can trade anytime and anywhere with the reliability of the Binance mobile app and desktop site.
Both mediums support a variety of features including buying crypto at market price or on the limit.
On the latter, you as a buyer can indicate a bid price you are comfortable to buy ROSE with. Once the limit price is hit, the sale is executed.
The ROSE token can be staked in Binance. Users can yield up to 34.49% upon locking their ROSE holdings for a certain duration.
The minimum lock-in period is 15 days while the maximum is 90 days.
Pionex
Credits: Pionex.com
Trading in autopilot mode while taking advantage of frequent price volatility in cryptocurrency trading is every investor’s dream.
Pionex recognized the growing appetite for trading bots and is now among the best automated crypto trading sites available.
It is loaded with eighteen (18) trading bots that can be manually programmed depending on each trader’s preference.
Its transaction fees are very competitive at only 0.05% which is significantly lower compared to the industry average of 0.1%.
This low and transparent fee structure makes it ideal for short-term trading.
This AI-powered crypto platform serves one purpose: making the lives of investors easier.
It has its mobile app and desktop site which are both accessible at any time of the day.
Pionex is also known for its good customer service, providing quick support to user inquiries in a matter of minutes.
Best Crypto Wallets to Store ROSE
As mentioned, ROSE crypto is new in circulation. This explains why two of the most popular hard wallets, Ledger and Trezor, still do not support the coin on their respective platforms.
Luckily, there is still another option to help traders store the coin using a highly-secured application.
Soft Wallets
A soft wallet is a great option for traders wanting to keep their ROSE holdings in a safe place.
This comes without the need to purchase a hardware device and gives users the freedom to keep their own private keys.
Trust Wallet
Credits: Trustwallet.com
Trust Wallet is making rounds as a trusted soft wallet, primarily due to its close link with Binance. It was acquired by the popular crypto exchange in 2018.
It is open-source which means it is easy to monitor and see the code that’s been written on the platform and understand what it is all about.
In terms of rating for transparency, this is one important component to look for.
It works in both Apple and Google app stores and recognizes biometric features to gain access. Transactions via Visa and Mastercard are accepted.
It offers a wide range of assets ranging from tokens and decentralized finance to collectibles for purchase.
Since this Trust Wallet is connected to the internet, there is still a chance that hackers can penetrate the site’s protective layers.
Make sure to never save your seed phrase online and keep personal details on your phone safe at all times.
Step-by-step Guide on How to Buy ROSE Crypto
Here is a quick rundown on how to buy ROSE crypto on trusted exchanges.
Step 1: Create an Account
As mentioned, not all crypto exchanges offer ROSE to their users. But there are still reputable sites that do.
To start, click “Sign Up” on either Binance or Pionex’s website. Enter a username and password. Agree to the Terms and Conditions to complete registration.
Step 2: Account Verification
The next step is account verification. Platforms normally require new users to upload proof of identification such as government IDs and bank statements to proceed to the next steps.
Step 3: Make a Deposit
The website will send a notification once the new account has been verified. Note that some exchanges might require supporting documents to verify your identity.
After confirmation, you may start depositing using several options such as bank transfers, credit/debit card linking, or online payments to fund your account.
Step 4: Buy Crypto
Type “ROSE” or “Oasis Network” on the search bar, enter the amount you want to trade and click “Buy” to complete the order.
You have just made your first ROSE purchase!
All About Oasis Network
Credits: Oasisprotocol.org
The Oasis Network is a decentralized blockchain ecosystem centered on creating a private and secure data-sharing service.
Its blockchain infrastructure is delegated into two: The Consensus Layer and the ParaTime Layer.
These separate consensus from execution done in the network, thus optimizing the verification and approval of transactions.
The Consensus Layer is characterized by high throughput and scalability as it uses a Delegated Proof-of-Stake consensus mechanism.
Its 110 validators process 1000 transactions per second compared to the Ethereum network’s 15 tps. Meanwhile, the ParaTime Layer is focused on smart contracts.
ROSE is the Oasis Network’s native token. It is used for staking and delegation during the consensus.
Price History
Credits: messari.io/asset/oasis-labs/chart/price
ROSE is down 4.51% to $0.30 as of the latest charts. It holds a market capitalization of $1 billion and is included among the top 100 largest cryptocurrencies by market cap.
It has a circulating supply of 3.59 billion tokens which is 35% of its maximum supply of 10 billion tokens.
The ROSE crypto hit an all-time high of $0.60 earlier this year but fell to various support levels since then.
It recorded a cycle low of $0.19 in February but the price is now up 64.00% from this sharp retracement.
The return on investment from this coin is looking positive at the moment. The price is up 142.13% from the same period a year ago.
Is ROSE a Buy or Sell?
For those planning to buy ROSE crypto, here are a few specifics you need to focus on.
First, the Oasis Network is currently building upon its Decentralized Finance ecosystem to bring more liquidity into the network.
It continually invests in growth opportunities involved in the DeFi space.
Second, it offers privacy protection as one of its services. Privacy in the blockchain is now high contested as some companies work on classifying addresses to generate identifiable entities.
This makes people behind every transaction traceable, thus compromising their privacy and security.
These are only two of the many things that make the Oasis Network interesting, worthy enough to give the ROSE token a buy rating.
Price Prediction
Before you buy ROSE crypto, take a look at this price prediction for 2022, 2024, and 2026.
2022
The token’s price will trade steadily between $0.32 to $0.40 this year. But prices can go beyond this band depending on the outcome of the Oasis Network’s near-term partnerships.
Currently, it holds strong backing from Binance and BMW Group partnerships.
Also, it recently leveraged to use of its ecosystem fund worth $200 million. This is expected to build on its products and strengthen its developer network further this year.
Since the fund started, Oasis Network’s community number exploded to 60,000 users.
2024
In 2024, ROSE is already ready to sit comfortably at $0.50 per token.
Among the strong factors that will propel prices is its NFT and Metaverse thrust, in which the management confirmed that it is working towards expanding non-fungible tokens beyond just art and music.
It plans to tokenize data from healthcare, finance, and other sectors and sell them to companies in need of their usage.
2026
ROSE’s price will climb to $1.00 in 2026 before approaching $1.50. The price will consolidate a bullish momentum along with the increase in the network’s adoption rate.
The network uses a technology that gives privacy to transactions recorded in the blockchain.
As more people would like to privatize their blockchain footprints, the Oasis Network will see an expansion in its real-world utility.
Conclusion
Oasis Network is gaining traction due to its ability to protect confidential information which is absent in the Ethereum Network.
Information is the crude of the 21st century and platforms like Oasis focusing on the protection of private data are increasingly gaining demand.
We hope this article helped you understand the Oasis Network better, including how to buy ROSE using Binance, Pionex, and Trust Wallet.
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Written by Thomas McGovern
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