Beaxy Exchange is a complaint U.S. based exchange that enables you to purchase ALEPH tokens. Buy, sell, or trade ALEPH safely and with ease when you create a free account on Beaxy Exchange.
Follow the steps below to get set up and start trading ALEPH in minutes.
1. Click here to register for your free account. Simply enter your email address and the password you would like to use to secure your account. For added security, it is highly recommended that you enable 2-Factor Authentication on your account once it has been created.
2. Once you have completed your account registration, complete Beaxy’s quick and easy verification process by navigating to the My Account section of the Beaxy Exchange trading platform. Once you are in the My Account section of the platform, click on the KYC tab to begin the process. You will be prompted to provide some basic information that proves your identity and helps to better protect your account. If you are a citizen of the United States, you will be asked to provide a copy of your driver’s license or a state-issued identification card. If you are not a U.S. citizen, please provide a copy of your passport so that your information can be verified.
3. Now that you have submitted the requisite documents and verified your identity, you are now ready to fund your account and start trading. There are three methods you can use to fund your account. These include Cryptocurrency deposits, fiat currency deposits, or debit and credit card purchases. To fund your account with cryptocurrency, click on the Deposit Crypto tab in the My account selection. Now you can select the specific asset that you wish to deposit from the dropdown list on that page. Once your preferred asset has been selected, copy the address provided for your wallet, enter it into the wallet you are sending funds from, enter the amount you wish to send, and complete your deposit. To fund your account with fiat currency, start by proving some basic information to our US Trust partner, Prime Trust. Once our US Trust partner has verified your information you can send USD, CAD, EUR, GBP, JPY, or AUD to your Beaxy Exchange account in the form of a wire transfer. To fund your account with a credit or debit card, click on the Buy Crypto tab in the My Account section. Similar to fiat, you will begin by verifying your identity with our credit card processor, Simplex. After your information, if verified, enter your credit card details along with the amount of crypto that you wish to buy. Your Beaxy Exchange wallet will be credited with your newly purchased crypto as soon as the translation has been completed.
4. At this stage, your account is now verified and has been funded and you are ready to begin buying, selling, or trading ALEPH on Beaxy Exchange. You can buy ALEPH by selecting the ALEPH-ETH trading pair on the exchange. If you do not have ETH in your account you will first need to convert the funds in your account. On the ALEPH-ETH trading page, select the order type you wish to use and enter the amount of ALEPH that you want to buy or sell. Finish the process by clicking the buy button to submit your order to the exchange. If you enter a market order, it will be filled instantly and your ALEPH tokens will become available in your exchange wallet. If you enter a limit order, your order will remain unfilled until your specific price level has been reached.
ALEPH Value and Price
CoinMarketCap lists ALEPH with a current market price at $0.296903 USD.
Looking at the total value of the aleph.im network, ALEPH’s market cap is $12,171,284 USD with a 24-hour volume reaching $924,297 USD.
The ALEPH token’s circulating supply has reached 40,994,120 ALEPH out of its total supply which is listed at 499,999,943 ALEPH. The all-time high price of the ALEPH token was reached on July 29th, 2020 when the price peaked at 63 cents per token.
ALEPH Advantages and Disadvantages
If you don’t know a lot of about aleph.im’s technology, this segment will get you up to speed on the most and least enticing aspects of this decentralized network. Like any decentralized protocol, it has its own benefits and drawbacks, learn more about them below.
One of the top advantages of the aleph.im network is that it exists as a second-layer chain. This means that the protocol was built on top of existing blockchains like Nuls and Ethereum. Being a second-layer chain allows aleph.im to scale and operate more efficiently while requiring fewer resources for tasks to be performed through on the platform.
Another advantage of the aleph.im network is that it has interoperability. This allows participants of the aleph.im network to interact with multiple blockchains through the aleph.im platform. This is advantageous because it allows decentralized application (dApp) developers to utilize the best features from multiple platforms and implement them into one single app.
The lone drawback of the aleph.im network is that its development has not yet been fully implemented. The aleph.im project is planning to release features that may disrupt multiple industries like website hosting and cloud data storage.
The best ALEPH Wallet
Before choosing the wallet that you want to use for a particular digital asset like ALEPH, you should consider differences in the two types of wallets available for cryptocurrency. These are referred to as hot wallets or cold storage wallets. The primary difference being that hot wallets are connected to the internet and cold storage wallets are maintained offline. Both types of wallets have their own advantages and disadvantages.
An internet-connected hot wallet is beneficial because it is more convenient to use and saves you time. It can also be cheaper in many cases. Having a wallet that can interact with other applications on the internet allows you to quickly and easily send and receive cryptocurrencies. If you are most interested in speed and convenience, a hot wallet may be the right choice for storing your ALEPH tokens.
A cold storage wallet that is not connected to the internet is advantageous because it is much more secure. By maintaining a wallet offline you are blocking out any hackers or potential thieves who may be able to get unauthorized access to your wallet by infiltrating it online. If your wallet is not connected to the internet there is no way for the hacker to get into your wallet. On the other hand, cold storage wallets are generally more complex and can not be used as efficiently as a hot wallet. This again comes down to security, which is the primary focus of a cold storage wallet. In order to make your cold storage wallet more secure, it will have a lengthy password that may even be your entire private key. This is much more secure than a hot wallet which may only require an email and password to gain access. All things considered, if you are most interested in security, a cold storage wallet may be the right choice for you.
When it comes to storing your ALEPH tokens we can look at two examples, one for each type of wallet describe above. ALEPH is an ERC20 token so ensure that you are using an ERC20 compatible wallet. If you wish to use a hot wallet, you can try MetaMask. This is an ERC20 compatible wallet that is connected to the internet and is very convenient to use. If you would like to use a cold storage wallet, you can try a hardware wallet such as the Trezor. This device can be connected to MyEtherWallet (MEW) which will add ERC20 compatibility to the device.