What is The Graph (GRT) and how can I buy it?

GRT is the native cryptocurrency of The Graph protocol, a decentralized network built to allow developers access to blockchain data and utilize information stored on decentralized ledgers, such as Ethereum. It organizes data through a process called indexing, allowing participants to fetch data and perform queries without the need for manual searches. 

In addition, The Graph protocol supports the creation of decentralized applications (dApps), that integrate seamlessly with blockchain data to power a multitude of functions within the digital economy, such as non-fungible tokens (NFTs), play-to-earn gaming. 

In this article, we explore The GraphGRT, and how to obtain its native cryptocurrency,  GRT, instantly with a credit or debit card. 

What is GRT? 

GRT plays a central role in The Graph protocol and serves as the primary payment method within the network. Participants who provide indexing and querying services on this protocol, known as Indexers and Curators, receive rewards in GRT for contributing to the maintenance and improvement of the network. 

In addition, holding GRT allows participants to propose and vote on protocol upgrades, and suggest changes to network parameters by granting owners governance rights within the ecosystem.

Finally, eligible participants can elect to stake their GRT tokens, allowing them to potentially earn additional rewards for contributing to the development of the network.

Where can I buy GRT? 

Curious participants can obtain GRT on various exchanges and trading platforms that support this cryptocurrency. CEX.IO allows users to acquire GRT through the Instant Buy feature and our freshly relaunched crypto spot trading platform, which offers access to GRT pairs against:

• EUR
• USD
• USDT

Note: Conducting thorough research is paramount for crypto enthusiasts who are considering making any new purchases, including GRT. Understanding the network's fundamentals and potential risks, along with following live crypto prices is advisable before diving in. That way, users can make informed decisions, mitigate possible risks, and navigate the volatile crypto market more effectively. 

How to purchase GRT on CEX.IO?

Interested parties can obtain GRT on CEX.IO seamlessly through our web platform or crypto mobile app. Here are the steps: 

1. Create an Account – Signing up just requires an email address, and a strong password to get started. This is the first step to obtaining a crypto wallet  to buy, sell, and store GRT. 
2. Navigate to Instant Buy – Once logged in, locate the Instant Buy feature, displayed on the Products menu in the upper left.
3. Select GRT – Within Instant Buy, choose GRT as the cryptocurrency to purchase, and select a fiat currency to use for the transaction (USD, EUR, or GBP). After entering the necessary details, proceed by clicking Buy Crypto Instantly. 
4. Enter Purchase Details – Next, enter the number of GRT tokens you wish to buy or the amount of fiat currency you intend to spend. The platform will automatically calculate the equivalent amount of GRT based on the current market rate.
5. Choose Payment Method – After filling in the purchase information, select the preferred payment solution.
6. Review and Confirm – Always double-check the purchase details, including the amount of GRT you're buying and the total cost, to ensure the accuracy of the transaction.  
7. Complete the Purchase – After reviewing the details, proceed to confirm the purchase. 
8. Check Balance – Upon completion, the GRT tokens will be credited to your CEX.IO account. 

How to buy GRT with a credit or debit card? 

Purchasing GRT with a credit or debit card on CEX.IO is straightforward. Using the Instant Buy feature, customers can select the credit/debit card as the payment method. This will prompt them to the payment processor page requiring: 

• Card number
• Expiration date
• Label (Mastercard or Visa)
• CVV

Note: After initiating the transaction, users may receive a One-time password (OTP) via SMS or email to confirm their purchase.

What alternative payment methods can I use? 

CEX.IO offers users numerous avenues to acquire cryptocurrencies, including GRT. Besides credit and debit cards, customers can buy crypto with Apple Pay or buy crypto with Google Pay. In addition, CEX.IO supports the following payment solutions: 

• PayPal (only available for U.S. users)
• Skrill
• Neteller
• Bank transfer
• Direct crypto deposits

Remember that the availability of payment methods may differ between jurisdictions. For example, wire transfers are not permitted for those looking to buy cryptocurrency in the U.S. . Instead, U.S. residents can obtain crypto via credit and debit cards, as well as PayPal. Users are encouraged to check the availability of payment solutions before purchasing GRT. 

How to buy GRT in the U.S.?

Unfortunately, GRT is currently not available for residents of the U.S.. However, U.S. residents can choose from 30 other supported cryptocurrencies, including Bitcoin. 

Those interested in one of the largest cryptocurrencies can explore our Bitcoin app for crypto trading. It is tailored for beginners and allows seamless transaction experiences with a range of features designed to simplify the trading process.

FAQs

How to buy GRT with a bank account?

Users who wish to deposit funds via a bank account on CEX.IO can choose between international transfers (SWIFT) and domestic transactions (SEPA). However, before initiating a transaction, customers must pass address verification by providing proof of residence. 

How to store GRT?

Crypto enthusiasts can store their GRT tokens on CEX.IO, a cryptocurrency exchange platform that allows them instant access to their crypto wealth, or in a hardware wallet that stores their tokens offline. 

Can I complete purchases online with GRT? 

Once obtained, GRT can be used to buy other cryptocurrencies and make online purchases. CEX.IO users can request a cryptocurrency debit card, which allows them to seamlessly complete online purchases with participating merchants.