How to buy STORJ with credit & debit card?

What is Storj coin (STORJ) and what is it used for?

Storj is an open-source file storage platform that uses a decentralized network of nodes to host users’ data. The main goal of the project is to make cloud file storage cheaper, faster, and private than traditional methods like centralised servers. The peer-to-peer network secures hosted data using advanced encryption and file sharding to bring higher confidentiality compared to other cloud storage solutions. Unlike Google Drive or Dropbox that control access to files, the Storj project guarantees users are the only ones who can access stored files.

The Storj white paper was published back in 2014 to introduce the general concept. Two years later it was updated with more information about the decentralized network and how it is going to work. The Storj platform was launched in 2018.

Storj network has a native token called STORJ that is used as a means of payment within the project. Tenants pay fees in STORJ for getting storage space, while farmers receive native tokens for providing bandwidth resources and storage space.

Where to buy STORJ token and how to select a platform?

STORJ is available on many major cryptocurrency platforms so you can simply search the internet for a place where to get the token. But a lot of people still try to find out how to buy Storj tokens and crypto coins and find the most appropriate bitcoin exchange for themselves. And one of the reasons is that some countries don’t allow buying and selling some cryptocurrencies for some reasons. That is why it is recommended to make sure that your country is supported on the platform and STORJ is available for your region.

CEX.IO is a global crypto exchange with 99% countries supported and over 4 million users worldwide, so it could be one of the most suitable options for you to buy STORJ. Also, CEX.IO Exchange is only a part of the CEX.IO ecosystem that consists of multiple crypto-related services like staking, savings, loans, spot and margin trading, etc. So with a CEX.IO account, you can greatly expand your crypto experience and find multiple ways to benefit from the digital economy.

Another important thing to consider when trying to select a crypto exchange is available payment options. CEX.IO supports numerous of them for fiat transactions such as Visa and Mastercard payment cards, domestic (ACH, SEPA, Faster Payments) and international (SWIFT) bank transfers, and online wallets (Skrill, AdvCash, Epay, QIWI).

Besides, you can find on CEX.IO dozens of digital assets available for trading, giving you even more options to buy cryptocurrencies.

What to know before buying STORJ on CEX.IO?

CEX.IO provides several options with different features that you can use to buy cryptocurrencies:

• Instant Buy/Sell;
• Spot trading;
• Exchange.

Also, please note that you need to be verified for making deposits/withdrawals and buying/selling cryptocurrency. So before selecting the way to buy STORJ on CEX.IO, you should:

• Sign up for a CEX.IO account — enter a valid email address, set a strong password, and enable 2FA to protect your account;

• Verify your account — various verification levels have their own account limits and open access to payment options. So if you want to use a specific payment option or buy STORJ for a specific amount, make sure that it corresponds with your current verification level. More information about payment options and verification limits you can find on our Limits and Commissions page.

How to buy Storj with a credit card using the Instant Buy/Sell service?

Instant Buy is one of the easiest ways to buy Ethereum with a credit or debit card as well as many other Ethereum-based tokens available on CEX.IO, including STORJ. With the Instant Buy service, you can also buy Bitcoin instantly since the whole process of buying cryptocurrency takes a few clicks.

If you want to know how to buy STORJ cryptocurrency using Instant Buy, then follow these steps:

• Choose STORJ in the list of available cryptocurrencies;
• Select fiat currency for transaction;
• Enter the amount you want to buy or use one of the pre-calculated packs;
• Verify a payment card or use an already added card for transaction;
• Double-check the details and confirm the purchase.

And that’s all. STORJ cryptocurrency will be added to your CEX.IO balance in a matter of minutes.

The Instant Sell service works in a similar way but it is available only via CEX.IO mobile app. With this service, you can sell Bitcoin instantly or use it for selling other cryptocurrencies available on CEX.IO.

How to buy STORJ with a debit card in my local currency?

CEX.IO supports 4 fiat currencies on the platform — USD, EUR, GBP. But you still can buy STORJ even if you don’t have a payment card in one of these currencies. Moreover, you can do it with a card in your local currency. Just make sure that your card supports currency conversions and international transactions.

After that, select one of the fiat currencies available on CEX.IO for a transaction, for example USD, make a deposit with your card and your local currency will be converted on your bank’s conversion rates.

Note that only personal payment cards are allowed to use, also make sure that you don’t use prepaid, gift, or business cards for purchases.

After funding your account with a debit card or any other payment method, you can go trading STORJ with the market and limit orders. Also, you can also buy 80+ cryptocurrencies via the Instant Buy/Sell service.

Frequently asked questions