Last update: Jun 6, 2022

How to Buy TomoChain (TOMO)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy TomoChain. Depending on your country, you’ll have various cryptocurrency exchanges to choose from.

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

Let’s get started!

Tomochain

How to Buy TomoChain – 4 Easy Steps

1. Choose a crypto exchange

Finding a cryptocurrency 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 TomoChain of course.

2. Sign up with the cryptocurrency 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 trading platforms.

4. Buy TomoChain

Now that you have what you need to buy TomoChain, head over to the market or buy section of the crypto trading platform and buy some TOMO.

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

Where to Buy TomoChain (TOMO)

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 TomoChain

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

 

Crypto trading

How to Buy TomoChain (TOMO) 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 TomoChain in Australia, the process remains the same:

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

You can also check out our comparison of the best bitcoin exchanges in Australia If you’re curious to know more about which exchanges we would recommend.

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

Alternatively, if you want to know more about the exchanges we like, check our list of the Canadian crypto exchange reviews.

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

Also, check out our comparison of the top 10 crypto exchanges in the UK for those curious to know more about which ones we would recommend.

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 TomoChain? TOMO Rundown

TomoChain (TOMO), a project released in December 2018, aims to increase the scalability and scalability the Ethereum ( ETH) blockchain. This is done mainly by increasing the TPS (transactions per second) capacity.

The ultimate goal of the project will be to create a blockchain infrastructure for distributed apps ( DApps), and improve security and integration. TomoChain's solution to smart contract scaling is to solve how the blockchain can handle higher transactions per second. This will exponentially increase the utility of smart contracts for real-world applications and use cases.

TomoChain offers a variety of unique features such as the proof-of-authority consensus and masternode systems, 2-second confirmations, virtually non-existent transaction costs, built-in exchange protocol and ICO smart contract templates, API support to token insurances, integrations, and cross-chain transaction function, without any fees between Ethereum, TomoChain.

In 2018, the TomoChain mainnet launched and offered proof-of-stake voting. Masternodes were introduced to make TOMO a currency that can be mint. These masternodes are involved in the creation and verification process of the blocks. They receive tokens of TOMO as compensation for maintaining the network.

To become a masternode candidate, a user must deposit 50,000 TOMO. Masternodes can resign at any time, but the TOMO deposited remains locked for 1,296,000 block after the resignation has been issued. To become a masternode candidate, a user must be one of the top 150 voted candidates. They will be awarded TOMO rewards proportional to how many blocks they sign.

TomoChain is a scalable, decentralized blockchain that can run faster and have lower fees. TomoChain can be used in many different ways.

TomoChain is a general-purpose blockchain platform that offers near-zero-fee transactions and instant confirmation, a proof of stake chain, voting, and the ability to run a masternode.

The TomoZ protocol, also known as Zero Friction, allows token holders to pay transaction fees using any token they choose. Tomox, Relayers, and Tomox are other services offered by TomoChain. Relayers is a decentralized trading protocol that allows businesses and individuals to create decentralized landing and exchange platforms. TomoP, a privacy protocol, was created on TomoChain in order to allow safe and untraceable transactions.

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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.