Patrick JenningsCartesi (CTSI) is the native token of the blockchain OS ecosystem Cartesi. The token traded at roughly $0.7 at the beginning of the year and has been following a gradual downtrend since. Currently hovering at a price of $0.15, CTSI token may be considered to be a buying opportunity by many investors. This guide will explain the process of buying CTSI including where to buy Cartesi with low fees.
How to Buy Cartesi Token in 2022- Quick Guide
Cartesi is available on eToro – a highly accessible, convenient and secure crypto platform. Follow the steps below to invest in Cartesi.
- ✅ Step 1: Create an account: Open a free account on the eToro official website. Enter personal details and submit ID documents.
- 💳 Step 2: Deposit funds: Deposit funds in your crypto wallet to purchase Cartesi. Funds can be added using credit/debit cards, bank transfers, PayPal and through several other payment methods.
- 🔎 Step 3: Search for Cartesi: Type Cartesi in the search bar & click on the token as it appears. When ready to buy, click “Trade”.
- 🛒 Step 4: Buy Cartesi: Enter the amount of crypto you wish to purchase in the pop-up box. Confirm the order by clicking “Open trade”
Where to Buy Cartesi Token – Best Crypto Platforms
Many major crypto and altcoin exchanges have listed Cartesi because of its unique use case.
Binance was the first to add support for it, followed by Coinbase and Crypto.com – who listed Cartesi on the same day. eToro has only recently added support for Cartesi token – and that too during the bear market.
1. eToro – Best Overall Place to Buy Cartesi
eToro added support for trading Cartesi on June 25 2022.
The platform was founded in 2007. eToro extended its support to crypto in 2013 by beginning with Bitcoin and was made available to crypto investors in the US in 2018.
eToro currently supports more than 70 cryptocurrencies, along with Web3 projects, metaverse coins, NFT-related assets and a lot more. The platform also has a user base of over 27 million investors, with security being a major reason to shape people’s preferences.
The platform is highly regulated, unlike other exchanges like Binance US, and entirely compliant with the SEC regulations. In the UK, the exchange is regulated by the FCA.
Paper trading is a tool available on the platform where users can simulate their trading strategies without putting real money on the table. To help beginners to learn to trade, the platform also has comprehensive educational resources for beginners.
eToro is one of the very few platforms that support copy trading- where investors can mimic the buy/sell orders of a professional trader at their convenience.
Users can replicate a portfolio of altcoins as well. The platform has its own smart portfolios such as DAO Crypto which includes the best DAO Crypto projects.
A major drawback of the platform is that it does not support leverage trading for crypto. The fee structure is also considered to be complex by many investors. Owing to these reasons investors may choose to use another platform, such as the ones listed below, as well. Keeping eToro a preference for long-term investments.
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
2. Crypto.com – Popular Crypto Exchange Listing Cartesi
Crypto.com supports a range of crypto assets and many other blockchain-related products and has both a mobile and desktop platform.
The platform features more than 250 currencies available to trade and frequently adds new crypto coins to its offerings. Cartesi, for example, was listed just last year, on May 7, 2021.
The exchange was founded in Hong Kong in June of 2016 and currently serves more than 50 million customers in 90 countries. It is also the 15th largest exchange by volume.
As well as being an investing app, the platform also allows users to trade, stake their crypto and even purchase NFTs. It is particularly known for offering leverage trading, unlike some exchanges. Additionally, the company also offers a crypto credit card & interest of up to 14.5% on the staked crypto.
Crypto.com uses several measures, such as multi-factor authentication and whitelisting, to make the platform as secure as possible. They also have customer deposits stored in cold storage to make the platform more immune to hacks.
Poor customer reviews are probably the biggest drawback of the platform as it has a rating of only 2.2 stars out of 5 on Trustpilot. The major complaints from customers revolve around poor customer service, locked accounts and issues with withdrawals. There are a few mentions of accounts being hacked as well.
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
3. Coinbase – Professional Trading Platform to Buy Cartesi
Coinbase is one of the oldest crypto exchanges and was founded by Brian Armstrong in 2012. 
The exchange-listed Cartesi on 7 May 2021 along with other coins including Mirror Protocol and Tellor the same day.
Coinbase is particularly known for its user-friendly interface, mostly among beginners. The other platform, Coinbase Pro, is made for professionals. With tools such as more trade types. It’s not restrictive, though, as anyone with a Coinbase account can use it. Update – in 2022 Coinbase migrated those advanced trading features over the main Coinbase platform.
The fee structure on the exchange is slightly complex as transactions below $200 have varying flat fees for different transaction value ranges. And any transaction beyond $200 will incur a percentage-based fee. Charges to deposit crypto through credit/debit cards are comparatively higher when compared to other exchanges, while other payment methods have a pretty reasonable fee structure.
Coinbase is particularly impressive on the security front as 98% of customer assets are stored offline using cold storage, supported by digital and paper backups.
The platform has a large selection of coins with over 100 cryptocurrencies listed on the platform along with more than 450 trading pairs. Additionally, the Coinbase wallet can not only support crypto but can also be used to store NFTs. In 2022 Coinbase even opened its own NFT marketplace, although it hasn’t managed to compete with the best NFT marketplaces like OpenSea for trading volume.
It does however still offer access to many of the coolest NFT projects for beginners to NFTs.
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
4. Binance – An Extensive Collection of Crypto
Binance is the biggest crypto exchange in the world that supports over 600 coins.
Which is part of the reason why the exchange is number one by trading volume, as well as its innovative launchpad for new cryptos. The exchange listed Cartesi on 14 April 2020 through its Binance Launchpad.
The platform allows crypto staking, where users earn interest on the crypto they’ve staked. The platform also makes it easy for beginners looking to invest by providing educational courses through Binance Academy.
The native token of Binance, BNB, can be used to pay fees on the platform, and users get a 25% trading fee discount by doing so. Another factor that makes the exchange really competitive is the 0.1% maker/taker fee structure. Additionally, Binance offers margin trading as well as spot trading, alongside supporting cross leverage and isolated leverage.
The platform was founded in 2017 and is catering to a user base of over 30 million.
The only issue with the platform is that it is restrictive and unregulated in the US. The independent platform, Binance US, has no more than 100 cryptocurrencies and isn’t available in Hawaii, Idaho, Louisiana, New York, Texas, or Vermont.
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
What Is Cartesi?
Cartesi is the first Blockchain Operating System, enabling developers to build decentralized logic using standard programming environments, including Linux.
Unlike other blockchain-exclusive software, Cartesi makes use of software tools, libraries, and services that developers are already used to, fostering scalability while preserving the decentralization and security that blockchain technology is expected to offer.
The OS also enables the use of other traditional programming languages such as C++, Python and SQLite, while providing over 10,000x improvement in computational scalability for blockchain. Additionally, it is blockchain-agnostic, and currently supports all EVM chains including Ethereum, Binance and Polygon chains.
The primary goal of the Cartesi project is to simplify the development of applications by leveraging the tools developers are already comfortable with, in addition to providing off-chain storage and computational resources for the same.
CTSI Token
CTSI is the native token of the Cartesi network, designed to solve problems of scalability associated with blockchain applications.
Holders of the CTSI token can earn interest on their crypto by being part of a staking pool, where the maximum annual interest offered is almost 20%. The token is also used to pay fees for processing data on the network. Participants who assist in keeping the blockchain functional are paid in CTSI as well.
Cartesi Team
Cartesi was founded by Erick de Moura, Augusto Teixeira, Diego Nehab and Colin Steil in 2018.
Augusto initially wanted to build a trustless AI marketplace for data scientists. However, after joining hands with Serguei Popov, who was one of his friends and also the earliest investor and advisor for the company. They pivoted to developing a Layer-2 scaling infrastructure, or Cartesi as we know it today.
Over time, Cartesi has been successful in receiving funding from some reputable venture capitals including SNZ, SOSV, and Artesian to name a few.
Is Cartesi A Good Investment?
Major industry leaders, including Elon Musk, Jack Dorsey, and Michael Saylor, are bullish on crypto. And many believe that blockchain technology, often referred to as the foundation of Web3, is expected to scale significantly as years progress.
Developing software will be a major part of the web3 infrastructure & considering Cartesi allows developers to make use of traditional tools, it suffices to say Cartesi will play an important role in the process of building web3.
Consequently, the CTSI token too shows promise. And considering the price history, it is expected to offer decent returns over the years for investors willing to invest.
Cartesi Price
At the time of writing, Cartesi has been hovering around $0.15 and trading at $0.152, and in a bearish downtrend year to date in 2022.
The bear market – this year has dragged the price of most coins to significant bottoms, including Cartesi. The coin touched its all-time high last year, recorded to be $1.75 as per Coinbase. It was soon followed by a drop, a decent recovery and a gradual downtrend ever since.
The current price is down more than 90% from its record high, with a market cap of close to $87 million.
See our guide to the best crypto winter tokens to buy that performed well despite the adverse macroeconomic conditions.
CTSI Price Prediction
Altcoins in general show a quick recovery, if and when they recover, when compared to coins with a larger market cap. The current market cap of CTSI stands at about $87 million, and this is a relatively tiny value when compared to major coins such as Bitcoin and Ethereum.
Most of the selling pressure is now off, given the bear market that lasted more than six months. And the price is considered stable. The trading volume, too, isn’t much, and therefore any considerable buying order should put the coin in an upward motion.
Currently, the coin is trading at $0.152, below its 200-day simple moving average (SMA). The last time the coin displayed this value was at the start of the bull run last year. If it picks up anytime soon, the coin can reach a value of $0.23 by the end of the year. However, a significantly conservative estimate of $0.157 is also a fair prediction.
On the optimistic side, the coin is expected to reach $0.34 next year, however, few predictions expect the price to go as low as $0.1. A significantly lesser number than its current value.
Best Ways to Buy Cartesi
Cartesi can be bought using several payment methods. However, here are a few methods that users find most convenient.
Buying Cartesi using Debit/Credit Cards
Using a credit card is arguably the most convenient and quick method to purchase any crypto and not just Cartesi. The charges are around 2.99% of the purchase or deposit amount on most platforms. Users prefer eToro for buying crypto using debit or credit cards. That said, those who don’t mind waiting for a while to complete a transaction always have the option to go with bank deposits.
Buying Cartesi with PayPal
Most exchanges allow PayPal as a payment method to purchase crypto, and so does eToro. Along with Cartesi, there are 75 other cryptocurrencies available on the platform.
Buy Cartesi Without ID
Most popular exchanges have KYC as a mandatory requirement, however, Bybit is an exception. The platform allows users to buy & sell Cartesi without requiring any documents. But the transactions can only be made with digital currencies.
Users are required to submit their documents if they wish to do anything beyond that.
Best Wallet For Cartesi
All the exchanges featured above allow users to securely store their crypto in the digital wallets on the exchange. eToro wallet in particular supports more than 120 cryptocurrencies and has an in-app conversion feature with support for up to 500 cryptocurrencies.
Hardware wallets are always more convenient & secure. A variety of those are available in the market.
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
How to Buy Cartesi – Full Tutorial
Here is the complete guide to help you buy Cartesi.
Step 1: Create an Account on eToro
Go to the official eToro website – a simple google search of the name should get you there. Click on the Login button on the top right, followed by a click on the bottom that reads “Sign up”. You’ll be forwarded to a page that looks like this.
Enter your username, password and email, and accept the terms and conditions. The user is required to verify their email address before the process moves forward.
Step 2: Submit KYC documents
Next, users will need to upload the documents required to verify their identity. These include a photo ID and proof of address. This is a mandatory process required to fulfil the anti-money laundering regulations.
Although the expected time for verification is suggested to be a few days, ideally, this should be done within minutes. The team will inform users of any inconsistencies through an email if encountered.
Step 3: Deposit Funds
In order to buy any crypto, the next obvious step is to deposit your account with funds. There are multiple ways to do this, but the preferred option is credit and debit cards. Other options include bank transfers, PayPal and other digital wallets.
Complete the transaction & make sure your account is loaded with the appropriate funds.
Step 4: Search for Cartesi
Search for Cartesi in the search box and click on the token after it pops up.
An investment portal will open up where users will be able to see all the essential details about the coin. Such as the market cap, circulating supply, volume and historic returns. A news feed about the token should also be available.
Step 5: Buy Cartesi
On the top right of the screen, users will see a “Trade” button. Which will take them to a pop-up that asks them to enter the amount of crypto they intend to buy.
As a buyer, you’ll have to buy crypto worth at least $10. After you’ve entered the amount, click on “Open Trade” to confirm your order.
Users can also place limit orders on the platform.
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
How to Sell Cartesi
You can find your open positions on eToro under your portfolio.
To close your position, click on the visible red cross on the right side, followed by the ‘Close Trade’ button. You’ll have the fiat equivalent of the value of your sale right after you successfully complete it. Assuming you traded it for fiat currencies such as USD.
Conclusion
Cartesi is a promising project, one that paves the way for Web3 to reach mass adoption. The Cartesi token has been showing a bearish trend, but so is the entire market. Investors willing to invest might consider the current price to be a good buying opportunity, given it is one-tenth of the ATH. That said, investors willing to wait may get a chance to buy the token at a lower price. As the crypto market downtrend is expected to last a while longer before the markets show a sign of recovery.
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Is Cartesi available on Coinbase.com?
Is Cartesi available on Binance.com?
Is Cartesi available on Crypto.com?
Is Cartesi a good investment?
Can you buy Cartesi without KYC?
This article was written for Business 2 Community by Patrick Jennings.
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