Last update: Jun 6, 2022

How to Buy Streamr DATAcoin (DATA)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Streamr DATAcoin. Depending on where you’re based, you’ll have a few crypto exchanges to choose from.

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

Let’s get started!

Streamr datacoin

How to Buy Streamr DATAcoin – 4 Easy Steps

1. Choose a cryptocurrency exchange

Finding a 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 Streamr DATAcoin 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 Streamr DATAcoin

Now that you have what you need to buy Streamr DATAcoin, head over to the market or buy section of the cryptocurrency trading platform and buy some DATA.

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

Where to Buy Streamr DATAcoin (DATA)

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 Streamr DATAcoin

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

 

Crypto trading

How to Buy Streamr DATAcoin (DATA) 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 Streamr DATAcoin in Australia, the process remains the same:

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

It’s also possible to take a look at our analysis of the best bitcoin brokers in Australia for those looking to learn more about the exchanges we prefer.

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 Streamr DATAcoin (DATA) 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 Streamr DATAcoin in Canada, the process remains the same:

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

It’s also possible to check out our comparison of the top crypto exchanges in Canada for those curious to know more about the exchanges we would recommend.

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 Streamr DATAcoin (DATA) 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 Streamr DATAcoin in the UK, the process remains the same:

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

Alternatively, if you want to know more about the exchanges we prefer, read our list of the better exchanges for trading crypto 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 Streamr DATAcoin? DATA Rundown

Streamr is an open-source project that uses cryptography to replace trust. It's a P2P real-time data infrastructure which houses tools and a platform for a new data economy. It includes a global, scalable real-time messaging system (pub/sub), a data marketplace and tools to work with real-time data.

Streamr (DATA), was crowdfunded in 2017. Streamr (DATA) was crowdfunded in 2017. This protocol is designed for DApps and IoT devices.

Streamr DATA coin's mission is to create a prosperous and comfortable information market. This is done by creating a data exchange network that is easy to use and understandable for users. It works like this: The decentralized pub/sub network is supported worldwide by nodes who receive DATA tokens for providing bandwidth and validation.

It is an off-chain network, which gives it a competitive advantage (e.g., compared to similar IOTA services). The risk of the project running into bandwidth and scaling issues is low. The Streamr team does not intend to create a special blockchain. Instead, they want to develop network optimization technologies. Streamr can be transferred to another blockchain if it lacks the Ethereum capabilities.

Streamr (DATA), a project that focuses on seamless data exchange and monetization, is called Streamr. It is a peer to peer ( P2P), network for real-time data. It runs on Ethereum and allows smart contracts to be used in order to facilitate the exchange process.

The key element of the network is broker nodes. They work in the following way: data is received by providers (also known as publishers) and sent to consumers. This is the publish/subscribe pattern the network uses. To ensure the operation of the stream, sponsors (which could be publishers) must pay DATA tokens into a smart agreement (called a Bounty). Broker nodes mine Bounties to secure the data stream, which is then relayed to subscribers via broker or publisher nodes. Data streams are segmented.

The Streamr Stack is a complex of hierarchically-organized technologies that were developed to optimize Streamr. This complex allows uninterrupted data transmission within the Streamr network. It consists of five blocks. Smart contracts (responsible to optimize relations among participants in the network’s information market); streamr editors (a set of programming instruments developed for this purpose); streamr engine, (responsible in analyzing, processing and refining data and monitoring network activities); data market (a hub for data streams and a platform for data exchange); streamr network (used for data transfer).

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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.