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How to Buy the Graph UK – Beginner’s Guide

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The Graph crypto is one of the most well-known indexing protocols in the crypto space. The Graph has been dubbed the ‘Google of Blockchain’ following its multiple integrations and use by dApp protocols to seamlessly exchange data. The asset has attracted the attention of investors eager to learn about the huge potentials offered by the protocol. This guide shows how to buy The Graph UK and the benefits you stand to gain if you buy The Graph coin today.

Key points on The Graph 

  • The Graph is an indexing protocol that enables the seamless exchange of data between two or more blockchains.
  • The increasing use case of the asset lies in its ability to operate as a centralised version of Google, indexing much-needed blockchain databases for developers to find them when such information is needed.
  •  According to a Graph price prediction for the indexing protocol by the Market Realist, GRT token could surge to as much as $170 in the next five years while recording a 30,000% increase above its current price.
  • You can easily trade The Graph crypto with low fees using eToro, our recommended UK crypto broker.

How to Buy The Graph – Quick Steps

But before we proceed, let’s give you quick steps on how to do this in 5 minutes.

  1.   Open an account with eToro – Navigate to eToro and click on ‘Join Now’ to open the signup page. Fill in your full name, email address, password, username, and mobile number. You can also register with your Facebook or Google account.
  2.   Upload ID – Since eToro is regulated, the platform requires users to undergo a documentation process for verification. You can easily upload a copy of your driver’s license or government-issued ID card to do this. You will also need to upload a recent copy of your utility bill or bank statement.
  3.   Deposit – You can make deposits by clicking on the ‘Deposit Funds’ button. eToro has a variable minimum deposit structure depending on a user’s region. Look it up and pay through bank wire transfers, credit/debit cards, PayPal, Skrill, and several other options.
  4.   Buy The Graph – The final step is to buy The Graph. Type ‘GRT’ into the search bar and click ‘Trade’ on the first result that pops up. Insert the amount you want to invest and click ‘Open Trade’ to complete the purchase.

68% of retail investor accounts lose money when trading CFDs with this provider.

                     

Step 1: Choose a Cryptocurrency Broker

The first step to buy The Graph crypto is to locate a crypto-supporting platform. There are several crypto platforms, but we will be reviewing two of the most popular platforms used by investors.

These platforms have been picked based on user-friendliness, fees, regulation, and overall trading experience.

  1. eToro – Overall Best Crypto Broker to Buy The Graph                                                                 

eToro is one of the most well-known platforms used by investors to access the financial markets. Founded in 2007, eToro operates as a social trading platform and has been referred to as the ‘Facebook for Traders.’ Its easy-to-use and intuitive user interface have attracted over 20 million active users in 150 countries.The platform is considered the overall best crypto broker to buy The Graph and other assets due to its AI-centric functionality called CopyTrade.

buy The Graph on eToro

This function allows new users to benefit from experienced traders by automatically allowing them to replicate the successful trading moves of more advanced investors.

Taking into perspective the stop loss (SL) and take profit (TP) levels of the highlighted investor, CopyTrade automatically rebalances and adjusts the limit orders of the copying trader.

This way, new traders can profit and cut down on their potential losses using only tested trading strategies.eToro also runs an in-house managed portfolio system called CopyPortfolio.

It serves as a diversification tool for users, enabling them to spread their investments over several top-performing sectors and regions. This helps to mitigate risks as the system automatically re-evaluates a particular sector for its profit-yielding potential.

In terms of safety, eToro is supervised by top regulatory bodies comprising the UK’s Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), and Financial Industry Regulatory Authority (FINRA).

The platform separates user funds from its operating capital in compliance with the requirements for all CySEC-registered brokers.

Regarding fees, eToro offers competitive rates for users. Deposit fees attract only 0.5% across multiple payment options, including bank wire transfer, credit/debit card, PayPal, Skrill, Sofort, Netteller, and several others. Meanwhile, minimum deposits vary and largely depend on where a user resides.

For instance, users in the UK and most parts of Europe have to meet up to a $200 deposit bar to start trading. However, users in the US only have to fund their accounts with $50. eToro also supports top crypto bigwigs like Bitcoin, Ethereum, Aave, XRP, The Graph, and several others.

Pros

  •         One of the most regulated crypto brokers
  •         Sleek interface
  •         No reported case of hack since inception
  •         Offers large library crypto assets
  •         Offers low fees to buy The Graph crypto
  •         Offers crypto staking and CFD trades
  •         CopyTrade and CopyPortfolio functionalities

Cons

  • Withdrawal fee of $5

68% of retail investor accounts lose money when trading CFDs with this provider.

2. Coinbase – Top Crypto Exchange to Buy The Graph Coin

CoinbaseOne unique selling point for publicly-traded Coinbase Global Exchange is its user-friendly platform. It employs a simplistic approach that allows users to effortlessly buy and trade cryptocurrencies. The exchange has several trading offerings for different users. While the regular Coinbase platform appeals to those starting in their crypto journeys, Coinbase Pro focuses on providing individual trading professionals with top-notch research and charting tools to make best-informed trading decisions.

Buy Shiba Inu on Coinbase

The difference is even more apparent in the fees that both platforms pay. The basic Coinbase platform charges more for trading, while the Pro variant cuts back on those fees.

Meanwhile, Coinbase is not solely focused on retail investors as it also provides crypto-related services for institutions. Coinbase runs a crypto-custodial arm called Coinbase Custody to help institutional crypto owners safely store their digital assets.

Alongside this, Coinbase Prime provides the most advanced trading tools for institutions to trade the crypto market.

Since 2012, Coinbase has become a top crypto exchange to buy The Graph coin and other crypto assets. The firm boasts 68 million verified users and 160,000 ecosystem partners in over 100 countries, and it supports over 50 top-ranking cryptocurrencies.

In terms of minimum deposits, Coinbase offers a much lower entry bar for new users as you can get started with as little as $2 (or other applicable local currency). This is backed by a strong deposit method, including bank wire transfer, bank account, debit cards, PayPal, and Apple Pay.

Pros

  • Comes with a large stock of altcoins
  • User-friendly and intuitive
  • Multiple payment methods
  • Regulated by relevant authorities
  •  Low minimum deposits

Cons

  •  No credit card
  •  High fees on regular Coinbase platform

Your capital is at risk.

Step 2: Research The Graph

Given the critical role research plays in the investment cycle, we will be giving you all the important details about The Graph crypto.

What is The Graph?

The Graph tokenDid you know that The Graph is one of the best cryptos under £1? The Graph is an indexing protocol that enables the seamless exchange of data between two or more blockchains. The asset uses distributed ledger technology (DLT) to allow other decentralised applications (dApps) to use data from other blockchains and transfer this data to the Ethereum network through smart contracts.

The Graph is more like a toolbox for data querying, allowing all blockchains to easily and quickly get the data they need for running their respective operations. This feature has since led many to call it the ‘Google of Blockchain’ given its pivotal role in data gathering and organising. The Graph addresses a key fundamental challenge in the blockchain ecosystem by offering developers an easy-to-use, cost-efficient, and secure API for querying their data.

This way, developers can readily access the relevant data they need instead of scanning an entire database before querying the required data. The Graph is a technical milestone for many decentralised protocols and is a product of Yaniv Tal, Jannis Pohlmann, and Brandon Ramirez.

After discovering a technical difficulty in querying and indexing data on the Ethereum blockchain, the software engineers came together to fix the issue. The trio commenced work on The Graph in 2017, with a public launch coming three years later. Enabling the indexing of data from Ethereum, InterPlanetary File System, and proof-of-authority (PoA) networks, The Graph uses its GraphQL technology to provide complete access to the data in each API. Also, development teams can easily use the Graph Explorer portal to skim through the subgraphs on the protocol for easy indexing.

The Graph Key Features

The Graph has become a major hub in the DeFi ecosystem. Understanding the features of the asset will help you appreciate the role it plays in assisting teams to gather relevant data for their operations.

1. Subgraphs

Subgraphs play crucial roles in the smooth running of the data-gathering protocol. Subgraphs define the data to be stored and how it should be stored when it is received. The Graph enables the development and publishing of different APIs, which are then grouped into subgraphs.

Accessing the data in subgraphs is done with the GraphQL API, and there are over 2,300 subgraphs currently operating on the network.

2. Subgraph Manifest

The Subgraph Manifest is a subset of a subgraph. It provides the required details on the content of a particular subgraph, including smart contracts, blockchain events, and even the process used in targeting event data.

3. Graph Node

Another feature worthy of note is the Graph Node. This helps locate important information requested by the subgraphs. Graph Nodes search through the blockchain information dataset to supply the data that matches a user’s query.

4. Indexers and Curators

Index nodes work to maintain the indexing function of the protocol, while the curators are tasked with the responsibility of highlighting the subgraphs that contain relevant information.

5. Fishermen

Fishermen nodes work to confirm the accuracy of the responses supplied for user queries.

Is The Graph A Good Buy?

The Graph crypto is a good investment for the long term. Although it is not as popular as other leading cryptocurrencies, The Graph has a sizable backing in the crypto space.

The increasing use case of the asset lies in its ability to operate as a centralised version of Google, indexing much-needed blockchain databases for developers to find them when such information is needed.

Despite a stellar performance for much of this year, The Graph has been making some key integrations. According to a recent The Graph crypto news, the decentralised indexing service was recently integrated with the Near protocol.

This is the first off-shore integration aside from Ethereum-compatible blockchains, marking a key milestone for the data querying protocol. With the crypto market seeing much mainstream adoption, The Graph protocol is becoming essential for data indexing.

The Graph Price History

Considering whether or not you should buy the Graph? Let’s check out the coin’s price history.

The Graph crypto price has seen lows and highs. The asset, which came into the year at $0.30, shot up more than 200% and hit an all-time high (ATH) of $2.84 on February 12, 2021.

Since the slight market correction in the middle of the second month, The Graph crypto has not been able to reclaim its price high, only drawing close to the price action on February 20 when it met resistance at $2.488.

GRT 5 year chart

After then, The Graph was on a free-fall and plunged to a 52-week low of $0.4 during the strong bearish season on June 22. It has found it difficult to hit the $1 range with periodic spikes, only making a recent rally to $1.04 in late October this year, dipping to 64.8% from its record value attained in early February.

This is likely due to the integration with the Near blockchain, which many see as a viable rival to the Ethereum blockchain. Meanwhile, GRT crypto is gradually shedding off its gains, although it is still bullish on the price chart. It currently trades at the $1 mark despite growing bearish propensity in the market.

The Graph Price Prediction

Like many cryptocurrencies, The Graph has not escaped the price forecast of its future value. According to a Graph price prediction for the indexing protocol by the Market Realist, GRT token could surge to as much as $170 in the next five years while recording a 30,000% increase above its current price.

The Graph chart prediction

With more key fundamental improvements on the road, The Graph crypto could either outperform this price forecast or under-perform this mark in a severe market downturn.

Step 3: Choose a Payment Method

As the only indexing service in the blockchain ecosystem, The Graph crypto is generating interest. More investors are looking to buy Graph crypto but don’t know what deposit methods to adopt. This section covers some of the most popular payment methods currently in use.

1. Buy The Graph with PayPal

PayPal is one of the most pro-crypto payment processing solutions at the moment, and the platform has added support for crypto checkouts. Now that users can easily buy Bitcoin with PayPal, more crypto exchanges and brokers support PayPal accounts as a deposit method. Popular crypto broker eToro allows deposits from PayPal users.

2. Buy The Graph with Credit/Debit Card

Aside from PayPal, you can also use your regular credit or debit card to buy The Graph crypto. However, you will need to find out if your chosen crypto broker supports both. Another key consideration will be the charges or fees you will need to pay for using a credit card or debit card.

Credit card issuers regularly charge 3 to 5% on crypto purchases, so we recommend you speak to your issuer before using this deposit method.

3. Buy The Graph with Bitcoin

Another viable option will be to use your Bitcoin funds to buy The Graph coins. Not many platforms offer this option; however, eToro lets you buy any digital asset with the Bitcoin balance you have on the platform. To do this, you will select ‘BTC’ as a payment option when you want to buy GRT crypto.

Step 4: Buy The Graph

This section covers the details on how to buy The Graph crypto from our recommended crypto broker, eToro.

1. Register with eToro

etoro sign up

The initial step is to create a free account on eToro. Visit the eToro website and click on ‘Join Now’ to be redirected to the signup page. You will need to provide personal details, including your full name, email address, username, password, and mobile number. You can fast-track this by signing up with your Google or Facebook account.

2. Upload ID

eToro verify account

Since eToro is regulated by some top global bodies, you will need to complete the Know your customer (KYC) process to unlock the platform’s core features.

But this won’t take your time; just upload a copy of your driver’s license or national ID card for identification. Also, a copy of your recent utility bill or bank statement will come in handy for proof of your place of residence.

3. Deposit

When you are ready to fund your account, click on the ‘Deposit Funds’ section and fix the amount you want to deposit. Once you have selected your preferred payment option, click on the ‘Deposit’ button to conclude the process.

4. Buy The Graph

GRT buy etoro

The final step is to buy GRT crypto, and you can do this in less than 15 seconds. The easiest means is to type in ‘GRT’ into the search bar and click ‘Trade’ on the first result that comes up.

You will be taken to an order page to input how much GRT crypto you want to buy, then click on ‘Open Trade’ to have The Graph sent to your portfolio.

We recommend keeping your digital assets in a third-party wallet aside from the trading platform you use. One viable option will be to use eToro Crypto Wallet, which supports over 120 digital assets besides GRT.

eToro – Best Broker to Buy The Graph UK

The Graph protocol is a promising digital currency with good potential and would likely remain relevant years from now, given the important role it plays for blockchain tech and protocols that thrive on distributed systems.

At the moment, the best platform to buy The Graph crypto is eToro. The platform has good security, offers reasonable fees and is easy to use.

68% of retail investor accounts lose money when trading CFDs with this provider.

Frequently Asked Questions on the Graph Crypto

What is The Graph?

Is The Graph crypto a good investment?

Is The Graph a safe investment?

Will The Graph go up?

Where can I buy The Graph?

What is The Graph crypto forecast?

Jimmy Aki author check sign Pro Investor

Based in the UK, Jimmy is an economic researcher with outstanding hands-on and heads-on experience in Macroeconomic finance analysis, forecasting and planning. He has honed his skills having worked cross-continental as a finance analyst, which gives him inter-cultural experience. He currently has a strong passion for regulation and macroeconomic trends as it allows him peek under the global bonnet to see how the world works.

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