How to Buy Stratis
According Chris Trew, the founder of Stratis, is functions as a “Blockchain-as a-Service” (BaaS) platform. As such, its mainly functions as platform for developers, not a form of cryptocurrency; however, it does have its own digital coin attached to it, known as STRAT.
What is Stratis
Stratis is a blockchain development platform that functions. It was designed to function as an all-in-one solution for developers and organizations so that they can create, test, and implement applications that are based on the blockchain without the need to operate their own network infrastructure.
Stratis is targeted toward enterprise organizations, as it allows them to create applications on sidechains, specific private parts of the blockchain; however, any business that would like to make use of blochain technology can benefit from Stratis. With the Stratis network, organizations can increase the rate of speed at which they create blockchain-based applications; the process of developing applications is also simplified.
As mentioned, Stratis isn’t actually a cryptocurrency; however, it does have its own crypto coin attached to it. This BaaS platform hosts blockchains by running on the network via the cloud. As such, developers can access or work with their specific sidechain of the blockchain without the need to maintain a full client node, which allows developers to keep the resources they would have otherwise spent on the development of applications.
Every blockchain that is deployed on Stratis is its own private sidechain. Sidechains are completely customizable, but they can still take advantage of the privacy that the blockchain offers. Furthermore, users can later their sidechains without impacting other chains that are on the network.
STRAT is the crypto coin that is linked to Stratis. This form of cryptocurrency ensures the sidechains that are created are public, yet closed. As previously mentioned, Lisk and Stratis are similar; however, the two do differ. While anyone can download a blockchain and develop it for free on Lisk, Stratis is intended for use as a tool for organizations in the financial industry. As such, developers are required to pay a fee in order to create apps on Stratis.
The primary advantage of using Stratis is that the network runs faster, and as such, development is a lot faster. While developers do not need to learn a new language to use Stratis, as the platform uses C#, they do have to pay a fee in order to use the blockchain technology and the tools that this platform offers.
Where to Buy Stratis
Stratis can be purchased at a variety of cryptocurrency exchanges, including:
How to Buy STRATIS
In order to purchase STRAT tokens, you first need to purchase ETH. Once you purchase ETH, you can then exchange it for STRAT. For this example, we will explain how to purchase ETH on Coinbase, one of the most popular cryptocurrency exchanges.
Use 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:
- Your name (exactly as it appears on your photo identification)
- Email address
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
- Choose “Ethereum”
- Input how much you would like to purchase
- Select the “Buy” button
Step 4: Confirm your purchase
- Select the “Confirm Buy” button
Step 5: Open an account on an exchange that accepts Stratis
For the purposes of this example, we are going to use the Binance exchangeRegister on Binance
Step 6: Register your Binance account
- Enter your email address and a strong password
- Select “Register”
- You’ll receive an email to confirm your account
Step 7: Login to your Binance account
Step 8: Transfer ETH from Coinbase to Binance
- Under the “Wallet” tab, select “Deposits”
- Copy the ETH deposit address you are provided with
- Log back into Coinbase
- Select “Accounts”
- Click “Send”
- Enter your ETH deposit address
- Input the amount of ETH you want to transfer
- Select “Continue”
Step 9: Exchange ETH for Stratis Coins
- When your ETH has arrived in your Binance account, you can exchange it for STRAT tokens
- Select ETH currency
- Search for STRAT in the search box and select it
Select whether you want to “Limit” order (you can choose the amount of STRAT 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 STRAT you would like to purchase, select the “Buy button”
- Your STRAT order will be immediately filled; your ETH will be transferred into STRAT
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Why Buy Stratis
The value of Stratis ebbs and flows, just like any other form of cryptocurrency. However, due to the unique platform that this crypto coin is attached to, it allows for fast transactions and its value is projected to increase in the future.
How to Sell Stratis
If you are interested in selling stratis, you can do so by following these steps:
- Create an account on the altcoin exchange
- Fund your altcoin account with Stratis coins
- Sell your Stratis coins for another form of cryptocurrency, such as BTC or ETH
- Sell your BTC or ETH for a fiat currency
- Withdraw your fiat currency from your exchange account to your bank account
Which Wallets Can I Use for Stratis?
There are several wallets that can be used to store Stratis currency on. Some of the most popular wallets include the following:
- Stratis Core Wallet
- Breeze Wallet
- Ledger Nano S
- Stratis Electrum Wallet
The value of the Stratis token has seen an increase. That increase is most likely due to the limited supply of Stratis coins that are in circulation. While there are more Stratis coins in circulation (more than 98 million) than Bitcoins (21 million), less Stratis coins are circulating than other types of crypto coins. The value of these coins is projected to increase, making it a sound investment.
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