Last update: Jun 6, 2022

How to Buy Ambrosus (AMB)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Ambrosus. Depending on where you’re located, you’ll have various crypto trading platforms to choose from.

In this guide, we not only cover the top 3 global cryptocurrency trading platforms, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

Ambrosus

How to Buy Ambrosus – 4 Easy Steps

1. Choose a cryptocurrency exchange

Finding a crypto exchange isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Ambrosus of course.

2. Sign up with the crypto exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger cryptocurrency trading platforms.

4. Buy Ambrosus

Now that you have what you need to buy Ambrosus, head over to the market or buy section of the cryptocurrency exchange and buy some AMB.

If the crypto exchange doesn’t have any Ambrosus on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Ambrosus first), and trade your Ethereum for Ambrosus.

Where to Buy Ambrosus (AMB)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
BinanceUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
FtxUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX
Etoro logoUSD, GBP, AUD, EUR, and more50+credit card, skrill, paypal, bank transfer, and moreVisit eToro
Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Ambrosus

  1. Sign into the exchange where you bought Ambrosus.
  2. Move your Ambrosus to the right place on the cryptocurrency exchange. Some exchanges have trading accounts you need to use for buying and selling.
  3. Sell Ambrosus.

 

Crypto trading

How to Buy Ambrosus (AMB) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Ambrosus in Australia, the process remains the same:

  1. Find a crypto exchange below.
  2. Sign up for an account.
  3. Fund your account with AUD.
  4. Buy Ambrosus if it’s available. If the exchange doesn’t have Ambrosus. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Ambrosus), and trade your ETH for Ambrosus.

If you’d like to know more about which exchanges we like, check our comparison of the best bitcoin trading platforms in Australia.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Swyftx logoAUD, NZD300+bank transfer, POLi pay, PayID, credit cardVisit Swyftx
Binance logoUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
Ftx logoUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX

How to Buy Ambrosus (AMB) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Ambrosus in Canada, the process remains the same:

  1. Find a crypto trading platform below.
  2. Sign up for an account.
  3. Fund your account with CAD.
  4. Buy Ambrosus if it’s available. If the exchange doesn’t have Ambrosus. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Ambrosus), and trade your ETH for Ambrosus.

You can also take a look at our analysis of the top rated Canadian crypto exchanges If you’re looking to learn more about which ones we prefer.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Bitbuy logoCAD15+Wire transfer, Interac e-TransferVisit Bitbuy
Coinberry logoCADBitcoin, Ethereum, Litecoin, BCH, XLMInterac e-Transfer, Wire transfer, Credit card, Debit cardVisit Coinberry
Ndax logoCADBitcoin, Ethereum, Litecoin, and 4 morewire transfer, Interac e-Transfer, Bank draftVisit ndax

How to Buy Ambrosus (AMB) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Ambrosus in the UK, the process remains the same:

  1. Find a crypto trading platform below.
  2. Sign up for an account.
  3. Fund your account with GBP.
  4. Buy Ambrosus if it’s available. If the exchange doesn’t have Ambrosus. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Ambrosus), and trade your ETH for Ambrosus.

Or, if you’d like to know more about the exchanges we prefer, read our comparison of the crypto exchanges in the UK.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Cex logoGBP, USD, EUR10+Bank transfer, credit card, debit cardVisit CEX
Coinjar logoGBP50+Bank Transfer (FPS), Visa, MastercardVisit Coinjar
Coinbase logoUSD, GBP, EUR150+Bank transfer (FPS), credit/debit cardVisit Coinbase

Cryptocurrency trading

Considering buying Ambrosus? AMB Rundown

Ambrosus (AMB), a project that aims to develop blockchain-based tracking software for the pharmaceutical and food industries, is called Ambrosus.

Many blockchain projects are focused on supply chain management. Almost everyone agrees that supply chain management can benefit from decentralization. Projects that combine blockchain and the supply chain have attracted a lot of investor interest.

Ambrosus is a company that focuses on the pharmaceutical and food supply chains. They intend to combine high-tech sensors, smart contract and blockchain protocols to create secure supply chains where consumers and suppliers can track the products and ensure their authenticity, correct handling, and compliance in all areas.

Ambrosus identified the food- and pharmaceutical industries as the most appropriate for blockchain supply chains management. They have built a reputation for themselves in this space by focusing on these niches. These industries are a great choice as supply chain problems can cost the pharmaceutical industry $46 billion annually.

The Ethereum blockchain is the basis of the Ambrosus protocol. Other distributed technologies are also included in the platform that allows Ambrosus information to be transmitted from IoT devices and recorded on a Blockchain.

The Ambrosus protocol has three main components. These three components are the Measurements Repository and the Requirements Smart contract. The Amber Token is the third.

  • The Measurements repository: This component of the database management system records and stores product-specific information. This allows for precise tracking throughout the supply chain.
  • The Requirements smart contract: Here are the quality standards for products that have been recorded in the Measurements repository. These smart contracts can be created by platform users and made publically. These contracts are used to determine whether the products being monitored meet the customer's quality control requirements.
  • The Amber Token - The utility token for Ambrosus' platform, the Amber token (AMB), is . It is an ERC-20 token that has many uses in the Ambrosus ecosystem. One of its main purposes is to keep product information up-to date as products move through supply chains. AMB tokens can be used to track products, so consumers have an incentive to use AMB tokens. The AMB (Amber token) is an ERC-20-compatible token that performs a utility service on the Ambrosus platform. It is used to track products on the blockchain and collect and transmit data for Ambrosus. It acts as a transfer of value within the Ambrosus Network.

The AMB token, as it is currently designed, has three essential functions.

  • AMB can be used to pay for transactions on AMB-NET. A small amount of AMB must be paid for each asset or event that is created.
  • To create a digital record for a physical product, AMB tokens may be locked. This helps to decrease the incentive for bad actors, such as those who try to deceive or commit fraud.
  • AMB is the collateral required to run a Masternode within AMB-NET. To be considered Masternode, a user must lock AMB. In return, they receive a portion the fees to validate transactions and create new assets.

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author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.