Taking your first steps to buying cryptocurrency can be daunting — but it doesn’t have to be. This explainer post unpacks how to buy QRDO and then transfer it to your Qredo crypto wallet for staking rewards.
Early-stage cryptocurrencies and blockchains are run on their tokens, the tradable assets such as Ethereum for the Ether network or XRP on Ripple which serve as an economic incentive for transaction verification and a means of exchange for participants.
These tokens form the backbone of the crypto world and have inspired countless spinoffs and imitations.
As the first decentralized custody solution for crypto, Qredo also operates using its own native token - QRDO.
But what is QRDO and how can you buy QRDO tokens?
Here is everything you need to know about buying QRDO and how to store tokens on the Qredo Network.
QRDO is a token built with both utility and governance in mind and is designed to offer all stakeholders in the network the economic incentive to transact, store and stake assets within the ecosystem.
Unlike standard tokens built on Layer 1 blockchain infrastructure, QRDO is optimized for a Layer 2 solution and offers rewards and incentives for all network participants, as opposed to just network validators.
The Qredo network is secured using a unique implementation of decentralized Multi-Party Computation (decentralized MPC).
By welding together the typical features of utility and governance tokens into a single entity, QRDO facilitates a more user-centric model that helps reward activity across the network.
QRDO can be purchased on both centralized and decentralized exchanges and by using Bitcoin, Ethereum or USDT.
The growing number of exchanges that list QRDO include:
You can find a complete list of exchanges where you can buy the Qredo token here.
This list also has links that take you to the trading pairs available.
Once you have bought your QRDO, you can then transfer your tokens directly into your Qredo Wallet.
Each exchange will have its own individual steps for buying and transferring QRDO, but with all exchanges you will first have to buy cryptocurrency with fiat currencies such as USD or GBP.
As an example of the steps involved, here is a complete guide on how to buy QRDO on KuCoin, including details of how to purchase the tokens using Ethereum and USDT, and how to complete a transfer into your own Qredo Wallet.
You can put QRDO to work through Auto-Staking in the Qredo crypto wallet.
There is also still time to take part in the Qredo 3-Month Auto-Staking program, which runs until the end of April and offers QRDO holders a staking reward of 20.2% APY.
Those who currently hold QRDO in their Qredo Wallet don’t have to do anything to receive this bonus, and if you don’t yet have a Qredo crypto wallet, you can sign up here, deposit your QRDO and start earning your bonus.
Join our Telegram Qredo communities wherever you are:
🌐 Official Telegram (https://t.me/QredoNetwork)
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Disclaimer: All directions correct as of March 7, 2022. Exchanges which host QRDO trading and process for Qredo Wallet signup remain subject to change. For the latest please refer to our terms and conditions and further information on Qredo.com.