How to Buy EpiK Protocol (EPK)

EpiK Protocol tapped on Filecoin’s decentralized storage technology to achieve trusted storage. The underlying technology of Filecoin is IPFS protocol, a peer-to-peer network for storing and sharing data in a distributed system. The protocol organizes the distributed devices into a unified file system and processes all files into a Merkle Trie structure, forming a unique Root Hash. This prevents the storage of duplicate data blocks and the nodes will only need to synchronize with Root Hash for consistency.

EpiK Protocol’s Token Economy provides its ecosystem with a trusted incentive model. Tokenization creates a new way for the transfer of value based on blockchain technology: —

(i) Tokens can be spent, transferred and exchanged

(ii) Transactions are transparent and immutable.

Without relying on third-parties verifications, tokenization is a programmable asset that can be utilized as a transfer of value with low costs. The circulation of EpiK Protocol’s native token, EPK, builds the foundation of EpiK’s Token Economy. While pursuing their personal interest, EpiK Protocol forms a collaborative relationship for the core participants of the KG network, to jointly create a knowledge graph.

If you have any interest to buy EpiK Protocol (EPK), you will be required to have either Bitcoin abbreviated as (BTC) or Ethereum (ETH) for trading purposes.

This article reviews the major cryptocurrency exchange, Binance to help determine the best sites to buy cryptocurrency using a credit card or bank account.

Step 1: Setting a Binance account:

• Visit Binance’s Website.

• Fill in the necessary trading details
• Allow for 2FA Authentication (Optional)
• Fill codes in necessary forms and Click “submit”.

Step 2: Buying your first Bitcoin (BTC)

To send money to your Crypto wallet account on Binance either directly via your bank account through SWIFT money transfer or you can opt to use your debit/credit card. For this part, the user will be guided on how to use a credit card to buy BTC.

To do this, users can follow the following steps:

1. Hover to the ‘Buy Crypto’ tab found on the top bar and activate the dropdown menu. Select the currency, For instance, US Dollars, and click the ‘Credit/Debit Card’ to lead to the next step.
2. In the page users will be presented with options to choose the desired Bitcoin (Select BTC), and the amount needed to spend to buy the inputted Bitcoin amount. The total amount needed to spent will be displayed according to the Bitcoin amount the user requests and the matching market price at that time (inclusive of all fees).
3. Next, click “Buy BTC. A window that contains all the details of the order will pop up. However, before confirmation, users need to read the disclaimer and Terms of Use. Once satisfied, confirm the order by ticking the tab and head to “Go to payment’’; click.

4. Fill in your credit card details and personal information too. Once done, users can go ahead to click “Pay now” and give it a moment to verify the details.

5. The process requires that the users verify their email and phone number. Thus, complete the verification process by opening the link in the email connected to the account as well as the code you receive via SMS. Once all the above is done, users can click “Continue”.

6. Verification of identity follows next via the use of an official document. Basically, users are expected to upload their identification document photo accompanied by their personal details and click the “Upload Document” tab.

The personal document are approved once verified by the system and an email is sent to show the confirmation of order purchase. Subsequently, the Binance account is credited with the purchased BTC or Ethereum.

Step 3: Depositing BTC to MXC Exchange

After creating a trading account on MXC (one of the excahnges that trade EpiK Protocol token $EPK), users will have to transfer the just purchased BTC from Binance to the MXC exchange.

• Users can do this by hovering to “Assets” on the top right and clicking “My Assets”.
• Find “BTC” from Token section and copy the given “Deposit Address”
• After copying their unique BTC wallet address go back to Binance.
• Navigate to “Wallet” on the right-hand side of the top bar and once the popup shows up, click on “Fiat and Look for (Deposit & Withdrawal)”.
• Find BTC in the list and click on “Withdraw” on the right.
• Paste the deposit address that was copied from the MXC exchange and select BTC as the transfer network. Next, type the preferred amount to be withdrawn (Clicking on the Max button, would mean withdrawing all).
• Click on the Submit button to commence the withdrawal process. To continue with the withdrawal, Binance may request users for a 2FA code, and a confirmation of the withdrawal with an e-mail.

Step 4: Trading EpiK Protocol (EPK)

• Hover to “Exchange” and click “Standard” to see the trading menu.
• In the right column, be sure to select “BTC” pair, and in the search bar type in “EPK”.
• The price table of EPK/BTC will be at the center of the page. Select the “Market” tab as that is the most straightforward type of buying order.
• Type the preferred amount or choose what portion of BTC deposit to be spent on buying $EPK, by clicking on the percentage buttons.
• After confirmation, click “Buy EPK”.

The exchanges listed below are other exchanges where you can purchase $EPK, there are more common crypto exchanges where daily trading volumes and a huge user base are available.

HotBit | Bilaxy | OKEx | Huobi Global

To know more about Epik Protocol, Do well to follow EpiK:

Official website: https://www.epik-protocol.io/

GitHub: https://github.com/EpiK-Protocol

EPIK WeChat Official Account: EpiK Protocol Mingzhi

EPIK WeChat community: Sigrid_EpiK

TG link: https://t.me/EpikProtocol