What is NRG?

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How to buy Energi 

Energi (NRG) can be bought and traded within a large number of exchanges and markets that deal with cryptocurrency. Below are some of the most popular exchanges:

  1. Beaxy
  2. Digifinex
  3. HitBTC
  4. Kucoin
  5. CoinEx
  6. WhiteBIT
  7. CITEX
  8. Mercatox
  9. Bithumb Global
  10. Coinall
  11. Coinbase

Do keep in mind that it is rather difficult to purchase Energi (NRG) without currently having Ethereum (ETH) or Bitcoin (BTC) in your digital wallet. However, it is possible to buy both Ethereum (ETH) and Bitcoin (BTC) in online exchanges with just your credit card or bank account. 

In most reputable exchanges, buy the cryptocurrency follows the same procedures. In the tutorial below, we will be walking the token holder through the process. 

Step 1 – Setting up and verifying the holder’s account

This step can be done either through an application on a mobile device or through the service’s website.

Click on the “Signup” button and follow the steps given. You will have to input your current email address, mobile number, as well as your real name in order for your account to be verified. Make sure to make your account an “Individual” account rather than a “Business” account. Once done, the site will send a verification email to the address you have provided. All you will have to do is open the email and click on the link provided to verify your account.

From here, you should be able to sign in to your account. Do note that you may provide further steps to verify your account. This is usually done through a 2FA (Two-Factor Authorization) and would use the mobile number you have provided.

The last part of this step is adding information about your funding sources. This can be typically done with a credit card or bank account. In this tutorial, we would be to take the credit card option.

In other exchanges, the application would be processed almost instantly. This means that the next steps below can be carried out in a few minutes. The only disadvantage to using the credit card option would be the $750 weekly purchase limit for those who have just opened an account.

However, if you do plan on taking the bank account option, it must be noted that any cryptocurrency purchased would not be accessible to trade with for up to 4 to 5 business days. This would mean that you might not be able to buy Energi (NRG) tokens sooner.

Step 2 – Purchasing Bitcoin (BTC) or Ethereum (ETC) 

Once your account has been set up, you will now be able to purchase Bitcoin (BTC) or Ethereum (ETH) that you can in turn, use to exchange for NRG.

This can be done by going to the BUY page and selecting one of the two cryptocurrencies mentioned above. Choosing between Bitcoin (BTC) or Ethereum (ETH) can be tricky as their market price can be volatile and can change drastically in time. In this step, it wouldn’t hurt to research the current market price of Ethereum (ETH) and Bitcoin (BTC).

From here on out, it fully depends on how much money you want to invest in digital currency. Do note that you don’t have to purchase one whole coin, rather you can invest in a percentage (or a portion) of a coin.

Once you have selected your amount, you can choose either “Credit Card” or “Bank Account” as your funding options. Then, click on “Buy”.

Once you’ve completed these steps, you now know how to invest in cryptocurrency.  

Any cryptocurrencies purchased on any online exchange will be automatically delivered to your online wallet

Step 3 – Purchasing Energi (NRG) 

With the current Bitcoin (BTC) or Ethereum (ETH) in your account, you can now use these cryptocurrencies to exchange with other cryptocurrencies. In this case, you will be exchanging your Bitcoin (BTC) or Ethereum (ETH) for Energi (NRG). The reason for the second step is that most online exchanges only allow purchases for Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.   

The process is fairly simple and very similar to purchasing cryptocurrencies with your bank account or credit card. The only difference this time is that you’ll be using your newly purchased Bitcoin (BTC) or Ethereum (ETH) tokens. Most of the listings will be similarly formatted, with “NRG/ETH” as an example.

If you have purchased Bitcoin and would want to exchange it for Energi, you will have to look for “NRG/BTC” in the listing. 

Beaxy’s platform had been built with one purpose: to buy and sell cryptocurrencies in the most convenient way possible. The NRG token is among the many cryptocurrencies that one can buy from Beaxy. 

After selecting NRG as a crypto to purchase, it automatically goes to an order book. These order books in Beaxy contain the orders to purchase or sell an asset as determined by its clients. To produce complete traders, orders are matched through the matching engine. When the system detects that your trade had matched, you will get a coin. You may also buy and sell cryptos through Beaxy’s mobile application.

Energi – Value and Price

Cryptocurrency value monitoring sites, CoinGecko.com and Coinmarket.com record the NRG token’s price at $2.26 as of June 19, 2020, GMT 2:45 PM.  CoinGecko stipulates that the digital asset’s Market Cap to be at $67,714,573 with its Trading Volume at $1,723,873. 

Analysts agree that NRG’s asset price has been caught in a downtrend for the past year. It is to their contention based on interpreted data that the coin has a declining tendency, leading them to suppose that markets of the same nature have not been popular during the same period. 

NRG’s All-Time High is at $10.19 -77.8%, dated June 25th, 2019, and the All-Time Low is at $0.245190 824.4% recorded on September 20th, 2018.

Meanwhile, when exchanged with digital asset forerunner, Bitcoin, 1 BTC is equivalent to 4152.87 NRG. 

Energi Advantages and Disadvantages

Advantages

  1. Transparency

NRG’s issuance is characterized as constant and linear. What this means is that the rate of inflation is subject to depletion through time, leading to a small fraction of the coin’s entire supply. NRG’s issuance is indeed high at present as it veers away from what is called the “stair step” of declining issuance.

  1. Mining Made Simple

One of the notable innovations that NRG had made is made its issuance linear. By doing so, Energi had done away with one variable, allowing miners to calculate financial modeling accurately. What this means for digital coin miners is that they have one more coin to vie for as it is seen as the most profitable altcoin to mine.

Disadvantages

  1. Complexity

While the aforementioned advantages do a great deal for stakeholders, disadvantages are still well-within the cards. The coin is too reliant on blockchain technology and smart contracts, technologies that are almost fickle in that these are always subject to change and new tech. What this implies is that the coin itself is relatively too complicated to master. 

  1. Unclear Regulation

Regulation is vague, making its adoption slow. Hence, the mass adoption of the NRG token is simply not yet in the picture.

Best Energi Wallet – How to Choose the Best Wallet for this Crypto

Developers within the cryptocurrency industry had made several viable accommodations for the NRG token. These can be found through the website, energy.world. The website had made links available for updates on the MyEnergiWallet and Energi Core Node which are part of the third generation of NRG’s crypto wallet.  

Users need to download the latest version of the wallet which will entitle them to take steps toward getting Energi Gen 3 coins and commence staking. Do note that staking will entail the same steps.