Golem is a cloud-based, decentralized, distributed computing platform on a global scale. The Golem’s platform cryptocurrency is the Golem Network Token. The original token ticker was GNT. However, not long ago, the project made a migration to ERC-20 token and now Golem crypto has ticker GLM.
Thus, Golem - is both digital money (GLM cryptocurrency asset) and P2P platform (Golem) for deploying a decentralized computing network. The Golem ecosystem is based on Ethereum, not on its own blockchain. Its main task is to combine the resources of community members into a single 'supercomputer'.
Cryptocurrency GLM works as a unit of account when concluding transactions for the sale and purchase of computing power. The emission of Golem cryptocurrency is limited and amounts to 1 billion tokens, and, as you may know, assets with limited emission provide demand to some extent. Today Golem token is among the top 50 cryptocurrencies according to the СoinMarketCap rating.
Fun fact: The Golem network was launched in November 2016 after the ICO, and the ecosystem development plan is divided into 4 periods, each of which bears the name of one of the levels of 'Dungeons and Dragons' popular game: Copper Golem, Clay Golem, Stone Golem, Iron Golem.
How it works?
Where to buy Golem cryptocurrency?
The number of crypto trading websites that support Golem is numerous. So, how to choose a suitable cryptocurrency platform?
First, it is important to understand that whether it is possible to buy Golem (GNT, or already GLM) is not the only thing you should pay attention to. The number of ways on how to buy GLM tokens (or other cryptocurrencies) is more important. The best cryptocurrency platforms, like CEX.IO, support both crypto-to-crypto and fiat-to-crypto operations meaning you can buy the needed crypto asset on the exchange with fiat money on your balance or with credit/debit card directly.
The degree of security of user data and funds is equally important. Before trusting your personal data to any service, we strongly recommend that you study the more information: reviews on the Internet, the information in the media, etc. An important point when choosing a service for working with cryptocurrencies is the quality of the technical support provided. For example, CEX.IO has a support service that works 24/7. And given the fact that the platform is available all over the world (except for several countries), this is simply a must, since users of the platform are located in different time zones and help may be needed at any time.
You need to understand and for what purpose do you need an account - to trade, store funds, or both? Each user has different goals, but platforms like CEX.IO are universal. CEX.IO is suitable for both beginners and advanced users, both active traders and adherents of the Buy&HODL principle.
If you are going to trade - the completeness of the order books and high liquidity must be.
How to buy Golem with a credit card?
With CEX.IO, you can buy more than 30 cryptocurrencies (including Golem tokens) easily and in almost no time. The process is simple and does not require special knowledge or involving any third parties.
Step-by-step purchase guide:
Go the Buy/Sell tab;
Indicate the buy amount;
See the price of purchase and think if it fits your needs;
Provide card details and link the card to your account. After you do so;
Finish the buy operation and confirm all the details.
Your balance will be refilled just immediately. The same applies to other popular cryptocurrencies too. That’s how you can buy Tron, or buy xrp with credit card instantly.
How to buy GLM token with a debit card?
The functions of instant Buy/Sell described above is not the only way to buy cryptocurrencies on CEX.IO with your debit or credit card. There are 4 fiat currencies available on the platform - USD, EUR, GBP, and RUB. Therefore, using your card, you can make a deposit of fiat in order to purchase cryptocurrencies for them later.
Moreover, after you make a fiat deposit, you can buy up to over 60 cryptocurrencies on CEX.IO exchange. Trade fiat-to-crypto or crypto-to-crypto to meet your trading goals.
For example, you can buy BTC with your credit card directly, or deposit USD first and buy BTC for US Dollars by opening orders on the Trading page. In the second case, funds will change hands between users — other crypto market participants.
Can I deposit if my payment card has other currency?
Yes! A great thing is that your card can be issued not only in US Dollars, Euro, British Pounds Sterling and Ruble. You can use any payment card in any local currency to deposit funds at CEX.IO.
All you have to do is to add your card, (if you still haven't done it), make a deposit and buy a needed asset, or trade your funds for other cryptocurrencies.
Can I buy GLM for other cryptocurrencies, not fiat?
Of course! You can trade crypto-to-crypto pairs. For example, the top-5 of the most polar crypto-to-crypto pairs are considered to be BTC/USDT, ETH/USDT, ETH/BTC, LTC/USDT, and BTC/USDT. You can choose any pair you like and place an order.
It's hard to say what trading is more profitable - crypto-to-crypto or fiat-to-crypto. Cryptocurrency trading is a personal thing. The main goal here is making a profit, and everything else is the trader's personal preferences - what type of trading to use, from what currencies to collect a cryptocurrency portfolio, and so on.
On CEX.IO, you will certainly find all the trading instruments to satisfy your trading needs.