Last update: Jun 6, 2022

How to Buy Ontology (ONT)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Ontology. Depending on your country, you’ll have different cryptocurrency 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!

Ontology

How to Buy Ontology – 4 Easy Steps

1. Choose a crypto exchange

Finding a crypto trading platform 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 Ontology 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 exchanges.

4. Buy Ontology

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

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

Where to Buy Ontology (ONT)

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 Ontology

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

 

Crypto trading

How to Buy Ontology (ONT) 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 Ontology in Australia, the process remains the same:

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

Or, if you’d like to know more about which exchanges we prefer, read our comparison of the top rated Australian crypto exchanges.

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 Ontology (ONT) 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 Ontology 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 Ontology if it’s available. If the exchange doesn’t have Ontology. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Ontology), and trade your ETH for Ontology.

Or, if you’d like to know more about which exchanges we prefer, read our list of the crypto brokers in Canada.

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 Ontology (ONT) 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 Ontology 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 Ontology if it’s available. If the exchange doesn’t have Ontology. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Ontology), and trade your ETH for Ontology.

Alternatively, if you want to know more about which exchanges we recommend, look at our comparison of the trusted 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 Ontology? ONT Rundown

Ontology aims to provide trust, privacy and security to Web3 via decentralized identity solutions and data solutions. It is building the infrastructure that will allow Web3 users to trust them. This will enable individuals and businesses to feel confident that Web3 users and their privacy are protected by digital identity solutions that comply with regulatory requirements.

The Ontology public blockchain is fast and low-cost. It was created to provide Web3 with decentralized identity solutions and data solutions. The goal is to increase trust, transparency and privacy. Users and enterprises have the ability to create blockchain-based solutions that meet their requirements while still complying with regulatory regulations. Ontology's Ethereum Virtual Machine, (EVM) ensures that Ethereum is compatible with Ontology. This is the first step towards the creation of the Ontology Multi-Virtual Machine.

Ontology opted to abandon the initial coin offer (ICO) model for a series community distributions and airdrops using its ONT cryptocurrency.

This allowed for both organic price discovery as well as a community of passion, which helped the project avoid regulatory scrutiny.

For example, anyone who signed up to the Ontology newsletter received a free airdrop of 1,000 ONT for a short period. This token reached $10 soon after it was listed on major exchanges such as Binance.

Ontology launched its MainNet in June 2018, and it has been running smoothly ever since.

Ontology provides a wide range of real-world use cases. Businesses can build their own blockchains on top of the Ontology Blockchain. This gives businesses and enterprises more flexibility, allowing them to build customized blockchains that meet their needs.

Interoperability is the goal of Ontology's chain. The network supports three virtual machines: Ontology EVM (NeoVM), WasmVM (WasmVM). This helps to remove barriers and create a familiar environment for anyone who wants to use Ontology. This infrastructure provides the foundation for easy cross-chain Web3 building.

Web3's infrastructure is just one solution to the problems. It is important to provide a user experience. This is where Ontology can make a significant contribution. ONTO Wallet allows cross-chain access for the user, putting Web3 right in their hands. This is combined with ONT ID which gives users control over their ID and data. ONT Login simplifies registration and password management. Ontology also has the tools to ensure seamless access to the next version of the Internet.

Related:

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.