How to buy GRT on CoinDCX? [India]

GRT represents the utility token behind the graph protocol that has seen a recent surge in value. This is why, in this post we’ll go over the steps needed to buy GRT via the CoinDCX exchange. Additionally, we will discuss the reasons to consider investing into GRT, which is the Graph Protocol.

Summary (TL;DR)

  • CoinDCX offers a wide range of features, including Margin trading that allows 6-fold leverage. Futures trading that can be as high as 20x leverage.
  • Graph Protocol provides a decentralized method of querying and indexing Blockchain data.
  • GRT is the currency that is used to reward using the Graph Protocol.
  • To purchase GRT through CoinDCX Make an account, sign the KYC and deposit the funds then head towards the Market tab.
  • The Graph token could be an investment that is worth it since it’s a challenge to develop something similar to that of the Graph Protocol, and they don’t have competition on the market.
  • In addition, once you have purchased GRT it is possible to keep GRT in the CoinDCX wallet since you can’t take the GRT out of your wallet.

What is the Graph protocol and how does it work?

The graph is an indexing protocol that allows you to query data from various blockchains. Anyone can also create and publish subgraphs via public networks. The Graph Network is a Web3 infrastructure that will provide a base for consumer-grade, decentralized apps. To find out more, visit the Graph Network in depth.

What is GRT?

GRT, a native ERC-20-based token, can be used to exchange currency and as a reward for members of the community who act as delegaters, indexers, and curators. GRT can also be used to encourage network participants to develop ever-improving APIs.

What is CoinDCX?

CoinDCX provides many services, including margin trading, staking and futures trading. The DCXgo app has zero fees for deposits and withdrawals.

For more information, please read our CoinDCX review.

How to buy GRT on CoinDCX?

How to create an account

  • First, download the CoinDCX app or visit the official site.
  • Next, open the application by clicking on the login/register option. This is located under your account.
  • Click on the Sign Up button to fill out all details.
  • Accept these terms and conditions, then click the checkbox.
  • After verifying your email address, log in to the CoinCDX Go account.
  • To proceed, it is recommended that you complete the KYC verification and include your bank account details.

How do I deposit funds into CoinDCX

  • Click on INR at the deposit screen for CoinDCX.
  • The next screen will show you two payment options.
  • Next, choose your deposit option and then enter the amount that you want to invest. You can select MobiKwik as your first deposit option, and then proceed to UPI.

How to Buy GRT at CoinDCX

  • Log in to your COINDCX account.
  • If you are on a computer hover over the trade tab to select Spot.
  • If you are on the phone, click the market tab at the bottom of your screen.
  • Look for USDT to purchase as many GRT tokens as you wish.
  • Next, search for GRT and choose the GRT/ USDT option.
  • Select the limit order/market mode, and then enter the amount of GRT that you wish to purchase.
  • Click the Buy button to confirm your order. The tokens will then be available in the wallet section.

Why should you invest with the Graph Protocol

The Graph is a unique indexing protocol that queries data from different blockchains. It is also difficult to duplicate because it functions as the Google of blockchain. Here are some other features of GRT.

  • It allows for the creation of completely decentralized applications.
  • You can query multiple networks such as Ethereum or IPFS using GraphQL. This is a query language.
  • Subgraphs and open APIs can be published by anyone to make data accessible.

CoinDCX: The Pros and Cons of Buying GRT

Pros

  • offers many trading options, such as margin trading and staking. Futures trading is also available.
  • There are no fees for the platform.
  • 24 x 7 customer support.
  • UPI can be used through Mobikwik with no deposit fees

Cons

  • GRTs cannot be withdrawn.
  • CoinDCX can be overwhelming for new users.
  • Low liquidity means that prices are not accurate on the platform.

Buy GRT on CoinDCX: Conclusion

CoinCDX, an Indian cryptocurrency exchange platform offers a wide range of features for traders all over India. The platform does not charge withdrawal or deposit fees and the trading fee for traders is lower than the industry average. The graph protocol is unique and can be used to query blockchain data. GRT tokens are used to reward indexers, delegators and curators and incentivize and stimulate the network.

GRT has experienced a dramatic rise in its value, and it has become very popular. It is also easy to invest in GRT at CoinDCX. All you need to do is open an account, deposit funds and purchase as many tokens you wish to.

Frequently Asked Questions

Is CoinDCX safe?

Yes, CoinDCX can be used safely. CoinDCX is India’s most secure cryptocurrency trading platform. It protects the privacy of its users and doesn’t share KYC information to any third parties. It has industry-leading security systems that are constantly updated and tested for potential breaches. It also features two-factor authentication which provides an additional layer of security to a user’s account.

What’s the GRT crypto?

GRT is the utility token that backs the Graph protocol. It is also used to reward curators and indexers. GRT can be traded at most major exchanges. However, HODLing is the best option for now. It is not financial advice.

What’s the CoinDCX referral Code?

CoinDCX refer code allows users to sign up for the platform and receive $25 in. You read that right. You can also invite friends to create an account with a referral code. Each of you will earn $25 if your friend trades more than 5 BTC. To get a $25 bonus, you can use our referral code 70297373Dxroxs to receive a $25 bonus.

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