Gate.io is a highly recommended platform for trading Saitama Inu (SAITAMA). It offers a safe and cost-friendly opportunity for investors who wish to buy SAITAMA in Australia. For a successful transaction, you need to have USDT, which you give in exchange for Saitama Inu.
What is Saitama Inu (SAITAMA)?
SAITAMA is an Ethereum Blockchain compartment, a token denoted as ERC-20.
It is highly valuable, with distinct features to maintain its worth. For instance, the value of a SAITAMA token is retained through the burning of 2 per cent of each token that undergoes a transaction.
Additionally, “anti-whale” procedures have been set up to eliminate an influx of investors who may affect the token prices. Unfortunately, the feature is yet to be launched or begin operating. Its effectiveness is still not clear.
The SAITAMA token aims at giving its investors additional DeFi features that rank it higher than meme coins in the same category. One way to facilitate this is through creating a unique SaitaMask wallet for the token, increasing the efficiency in crypto holdings storage.
Furthermore, plans are underway to develop an NFT and marketplace for SAITAMA. However, it is important to note that these plans are still underway, awaiting actualization. This adds to the speculations on the coin’s real worth.
What Should I Know Before Buying SAITAMA?
Saitama entered the market in May to make up part of the Ethereum blockchain. This gives the coin a competitive advantage due to its high gauge protection and security. However, it also leads to additional costs due to expensive transactions.
Purchasing or selling ERC-20 tokens attracts charges such as gas fees.
Instances of network congestion can increase the gas fees up to $250, even if you are only spending 10 dollars on the token itself. However, you can use other platforms like Nexo, which handles the additional Ethereum charges on its backend to make transactions cheaper for you.
Going through the whitepaper that contains Saitama Inu’s main mission as a cryptocurrency, you’ll notice that 2 per cent of earnings from all transactions are later shared among the token holders—a big advantage if you are an investor with tokens under your account.
As an owner, the size of your tokens is set to increase as the transactions increase. However, the perks include a 2% deduction as you move your Saitama to the wallet, buy or sell it to other investors.
How Do I Buy Saitama Inu (SAITAMA) in Australia
One of the cheapest Saitama Inu crypto exchange platforms in Australia is Gate.io, which saves you from incurring the additional fees that come with Ethereum cryptocurrency transactions.
Gate.io is among the best exchange platforms in the globe, with 500 and more cryptocurrencies to choose from. It also has meme coins, NFTs, and metaverse projects, adding to the variety of its choices.
Besides the low transaction charges of 0.1 per cent for each trade, Gate.io has higher liquidity than other platforms.
To access the Gate.io platform, you are first required to create an account on the Australian exchange. After that, purchase a USDT (Tether) which you’ll use for transacting whenever you need SAITAMA.
Since you’re now well acquainted with SAITAMA, its functionality and operations, let’s now dive into the steps you need to follow to buy the tokens. Being an ERC-20 makes the transactional process easy and manageable.
Step 1: Create an Account
First, you must create an account to facilitate your SAITAMA trading activities.
The account enables you to purchase tokens that you’ll later offer in exchange for SAITAMA. Despite having multiple crypto-exchange platforms, you should research the exchanges that are easy to transact on, secure and educative.
Signing up to that account requires a password and email address. You may also have to highlight your personal information to facilitate brokerage and keep in touch with the customer laws (KYC).
From this point, your account should be set to receive the funding required to trade. You can use a credit transfer or an ACH and proceed to the next step.
Step 2: Choose Your Best Crypto Wallet
Since there is no available method of purchasing SAITAMA through a brokerage process, you require an exchange platform such as Uniswap. It connects to your wallet which is a separate feature from the brokerage account or the exchanges.
Step 4: Purchase SAITAMA
After funding your crypto account for brokerage and getting a wallet, start taking your coins out of the brokerage account and putting them in the wallet. To do this, click on the “Investment” option, select “Trade”, then “Send”.
The next step is to connect your preferred crypto exchange to your wallet. Select any deserted SAITAMA pair and initiate a trade with another crypto. Once the process is completed, the SAITAMA will be transferred into your wallet.
Where Can You Buy SAITAMA?
eToro is an Israeli trading broker and popular fin-tech firm, having existed since 2007.
UK clients on eToro receive services through a Financial Conduct Authority (FCA) while Australians are served under Australian Securities and Investment Commission (ASIC) regulations. The remaining customers from other parts trade under the Crypto unit, monitored by Cyprus Securities and Exchange Commission (CySEC).
Since it is not linked to a parent bank or part of a stock exchange market, eToro is not mandated to issue any annual reports on any platform.
eToro is a broker of many assets, spoiling its traders for choice. So users have the choice to directly trade underlying assets available on the window of the trade-ticket or operate through CFDs. The idea may sound subtle, but it is an essential choice.
Trading cryptocurrencies can be achieved using underlying assets like Bitcoin or CFDs. You must note that UK residents or brokers are not viable to use Crypto CFDs in their trades since it is not available for them. Other regions where eToro trading is unavailable include France, the Netherlands and Russia.
You can choose to sign up as a VIP club member, offering you a five-tier opportunity of joining different categories like diamond and silver, given that your balances range from $5,000 to $250,000. Your level determines the additional benefits you should receive including exclusive assets, receiving private signals, discounts on transactional fees among other advantages.
Gate.io was founded in 2013, making it one of the oldest exchange platforms for cryptocurrencies.
This exchange platform has maintained consistent growth since its rebranding in 2017. It takes the lead in leveraged margin trading, multiple cryptocurrencies, and advanced services in borrowing and lending margins. It is a popular Initial Exchange Offering (IEO).
Beginner crypto investors may face challenges while trading on Gate.io due to its powerful but cluttered trading engine.
Gate.io is categorised under altcoin exchanges, resulting from its wide market of more than 400 cryptos and above 180 coins, but does not facilitate fiat trading.
Overlooking its complicated appearance, Gate.io is quite easy to use. You only have to sign in to an account, click on “Market” and start your trading activities in the market of your choice.
This trading platform hosts four markets namely QTUM, USDT, Ethereum and Bitcoin markets. You can also customise a new market using cryptocurrency pairs selected earlier, baked on your main trade focus.
With Gate.io, you can opt to use mobile apps or direct web access on your desktop. The applications can be installed on any smartphone after downloading. It is supported on IOS and Android enabled devices.
CoinSpot has been operational in Australia since 2013 and has maintained a competitive edge despite the entrance of platforms like Swyftx in the market.
Since the exchange is originally Australian and supports its functionality within this region, its transactions require the use of AUD. Depositing money is an easy and cheap task and after your first deposit, you can start crypto trading on the spot.
CoinSpot enables you to trade instantly where you can buy Bitcoin or other coins among the list of more than 290 currencies. The “Buy” option makes a fast transaction immediately after you select it.
Compared to P2P exchanges, there is no need to negotiate prices with other traders or counterparts in e-commerce since you have the option of direct and instant purchase.
Lastly, there is a feature that enables you to reach support fast (in live chats.) Its customer support operates from 9 am to 8 pm and 9 am to 5 pm AEDT on weekdays and weekends respectively.
Is SAITAMA a Good Investment?
Currently, Saitama Inu remains under speculation, without a clear or elaborate description of its value. It is greatly hyped, despite showcasing relatively few features.
However, it is on the verge of raising its value if feature addition processes are successful. The features are under development, but worth the wait.