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How to Buy Ardor

A blockchain-as-a-service (BaaS) public platform, Ardor offers blockchain infrastructure for companies so that they can make use of the power of blockchain technology without the need to invest in the development of customized blockchain solutions.

Ardor utilizes a parent-child architecture which allows businesses to establish a child chain that is connected to a parent chain that already exists. The child chain can access the security features of the parent chain.

What is Ardor?

In order to make use of blockchain technology, businesses must develop a customized blockchain solution; a process that can take a great deal of time and cost a significant amount of money. Ardor intends to change this by allowing companies to leverage blockchain technology without having to invest in customized solutions, offering a faster, more cost-effective solution.

Ardor provides a main chain, which handles the security and decentralization of blockchain technology. Every individual blockchain that is connected to the Ardor ‘parent chain’ and these individual chains are referred to as ‘child chains’. The Ardor parent chain takes care of the processing and security of the child chains. The features of the parent chain are passed on to the child chains, and the child chain investigates operational transactions, like:

  • Developing assets
  • Sending messages
  • Voting on polls

Through a process referred to as ‘bundling’, the transactions that are completed on the child chains are sent to the parent chain. Bundlers group together several transactions that occur on the child chains into a single transaction – a child-chain-block – on the parent chain. The payment of transaction fees follows the child-chain-block transaction.

Ardor has its own crypto token, called the Ardor token (ARDR). This token utilizes a proof-of-stake algorithm; a more energy-efficient algorithm, as it does not require a massive amount of power to operate. The maximum supply of ARDR tokens is 1 billion, and all are in circulation.

At the time of writing, the current price of ARDR was $0.06 USD and the market cap was $64.78 million USD.

Where to Buy Ardor

Ardor can be purchased a multiple online cryptocurrency exchanges. Some of the most popular exchanges include:

Ardor can also be purchased with fiat currencies on Changelly.

How to Buy ARDOR

In order to purchase ARDOR tokens, you first need to purchase ETH. Once you purchase ETH, you can then exchange it for ARDOR. For this example, we will explain how to purchase ETH on Coinbase, one of the most popular cryptocurrency exchanges.

Buy Bitcoin on Coinbase first to buy ArdorUse the link here or click the image above to get $10 in Bitcoin when you purchase or sell your first $100.

Register on Coinbase

Step 1: Create a Coinbase account

Select the “sign up” tab and complete the form by entering the requested information, including:

  1. Your name (exactly as it appears on your photo identification)
  2. Email address
  3. Password
  4. Location
How to buy Ethereum on Coinbase - Signup

Step 2: Verify your account

  • Issue your phone number
  • Upload an image of your photo ID
  • Verify your credit or debit card, or your bank account information

Step 3: Select the “Buy/Sell” option on the menu, once our account is verified

After verification, select the “Buy/Sell” option on the menu

  1. Choose “Ethereum”
  2. Input how much you would like to purchase
  3. Select the “Buy” button
Buy Bitcoin on Coinbase with Credit Card

Step 4: Confirm your purchase

  • Select the “Confirm Buy” button

Step 5: Open an account on an exchange that accepts Ardor

Binance Frontpage

For the purposes of this example, we are going to use the Binance exchange

Register on Binance

Step 6: Register your Binance account

  1. Enter your email address and a strong password
  2. Agree to the terms of use
  3. Select “Register”
  4. You’ll receive an email to confirm your account
Sign up to Binance

Step 7: Login to your Binance account

Login to Binance

Step 8: Transfer ETH from Coinbase to Binance

  1. Under the “Wallet” tab, select “Deposits”Select Deposit on Binance Menu
  2. Copy the ETH deposit address you are provided withCopy Ethereum deposit address
  3. Log back into Coinbase
  4. Select “Accounts”
  5. Click “Send”
  6. Enter your ETH deposit address
  7. Input the amount of ETH you want to transfer
  8. Select “Continue”

Step 9: Exchange ETH for Ardor Coins

  1. When your ETH has arrived in your Binance account, you can exchange it for ARDOR tokens
  2. Select ETH currency
  3. Search for  ARDOR in the search box and select it

Exchange Ethereum for ArdorSelect whether you want to “Limit” order (you can choose the amount of ARDOR you want to purchase) or “Market” buy, which will autofill your order at the best price

Step 10: Select the “Buy” button

  • Once you have chosen the amount of ARDOR you would like to purchase, select the “Buy button”
  • Your ARDOR order will be immediately filled; your ETH will be transferred into ARDOR
How to Buy ARDOR on Binance

Exchanges you shouldnt miss when you want to trade crypto

Why Buy Ardor?

There are multiple reasons to invest in Ardor. Some of the biggest benefits include:

  • Access to the revolutionary parent-child architecture
  • Transactional tokens and security tokens are kept separate
  • It provides a solution to the problem of blockchain bloats
  • The Ardor core team handles the verification of all smart transactions
  • It gives everyone the ability to develop their own smart transactions, cryptocurrencies, and digital assets.
  • The price of Ardor is projected to increase significantly.
  • It’s easy to use.

Given all of these benefits, it’s easy to see why buying Ardor is highly recommended.

How to Sell Ardor

Ardor coins can be sold for other types of cryptocurrency as well as fiat currencies. To sell Ardor coins, use the following steps:

  • Create an account on the altcoin exchange
  • Fund your altcoin exchange account with Ardor tokens
  • Sell your ardor for a widely-accepted form of cryptocurrency, such as BTC or ETH
  • Sell your BTC, ETH or any other form of widely-accepted cryptocurrency you purchased for a fiat currency, such as US dollars or Euros
  • Withdraw your fiat currency that you exchanged your cryptocurrency for from your altcoin exchange account and deposit it into your bank account

Which Wallets Can I Use for Ardor?

There are several wallets that can be used to store Ardor tokens, including both mobile wallets and online wallets. Some of the most popular wallets for storing Ardor coins include the following:

  • Ardor Lite Wallet
  • Nxt Core Client
  • Ignis Wallet
  • Fantom Coin
  • Free Wallet

Conclusion

The goal of Ardor is to develop new ways to structure both the infrastructure and security of blockchain technology so that everyone can make use of it. While it is still being developed, if it is executed properly, it could prove to offer a solution that all businesses and individuals could take advantage of, as extensive technical expertise and regular maintenance would not be required.

Should Ardor prove that it can be a viable option, its value would boost and it would be a worthwhile investment.


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