Ethereum's network is a bustling hub for countless decentralized applications, but its dependency on a proof-of-work (PoW) system renders transactions both sluggish and pricey, especially for everyday users.
To tackle this, developers have introduced layer-2 scaling solutions designed to alleviate the transaction burden. Among these, the Optimism rollup blockchain stands out by aggregating transactions and validating them away from the main chain.
Investors savvy in acquiring Optimism (OP) stand to benefit from the soaring growth and massive potential of these scaling solutions. Our guide walks you through Optimism, highlights the exchanges permitting purchases of its native token, and provides tips on investing in OP crypto.
Where to Buy Optimism
Here, we highlight our preferred options for purchasing the Optimism OP Crypto token. Our selections are informed by personal experience, taking into account aspects like fees, security, payment options, and overall reputation.
- Binance: The Largest Crypto Marketplace with Reasonable Fees
- Coinbase: Highly Esteemed and User-friendly Interface for Novices
- Kucoin: A Veteran Exchange with an Expansive Array of Listings
- Gate: Надежная платформа с множеством монет
Посетите наш первый выбор
Binance: Reputable Exchange with High Liquidity
Binance This platform is renowned as the largest cryptocurrency exchange by daily volume, offering access to trade over 600 digital assets.
It boasts an extensive resource library and sophisticated trading tools, perfect for seasoned investors eager to learn about acquiring various cryptocurrencies. While Binance offers a welcoming interface for users, it's tailored more for experienced traders.
Читать: Полный обзор Binance здесь
Starting your investment journey is accessible with Binance's $10 minimum deposit, complemented by versatile payment methods like wire transfers, credit and debit cards, peer-to-peer (P2P) payments, and other digital wallets.
Whether you use a credit or debit card, Binance's deposit fees fluctuate depending on your payment method, with a standard fee of up to 4.50% for card transactions globally.
Trading on Binance is cost-effective due to its low, standard trading fee of 0.1%. Investors using Binance's native token (BNB) benefit from a 25% discount on trading fees.
Binance takes security seriously, safeguarding user funds and data through robust measures including two-factor authentication (2FA), cold storage for most coins, whitelisting, and advanced data protection strategies. Operating in over 100 countries, Binance also runs Binance.US, a regulated platform serving U.S. clientele.
Плюсы
- Торговые комиссии 0,01%
- Высокая ликвидность
- Широкий выбор способов оплаты
- Библиотека содержит более 600 криптоактивов
Минусы
- Tailored Interface for Seasoned Traders
- Limited Access for U.S. Customers to Trade Various Coins
Coinbase: Simple & Easy to Use Exchange
Coinbase This U.S.-based crypto trading platform is ideal for investors seeking a seamless crypto acquisition experience, facilitating easy buying, selling, and staking of cryptocurrencies.
Coinbase is designed with simplicity, supporting over 10,000 blockchain-based assets, making crypto trading straightforward.
Читать: Полный обзор Coinbase здесь
The platform's registration and verification process is swift, taking under 10 minutes. For those prioritizing ease of use, Coinbase ranks as a formidable competitor to Binance.
With a notably low minimum deposit requirement of just $2, Coinbase provides broad deposit options such as ACH, wire transfers, debit cards, and digital wallet solutions, with withdrawal capabilities in currencies like USD, GBP, and EUR. Debit card deposits incur fees up to 3.99%.
Cardholders enjoy a 4% cashback reward when purchasing crypto with a Coinbase debit card.
Coinbase's transaction fees are competitive, varying from 0.5% to 4.5% depending on factors such as payment method, crypto type, and transaction size.
From its humble beginnings, Coinbase now offers a full spectrum of services catering to both retail and institutional investors, featuring an exchange wallet, self-issued cashback Visa card, staking options, derivative markets, asset hubs, and more.
Ensuring user safety, Coinbase implements sound security practices, including 2FA verification and crime insurance to protect digital assets from theft and fraud.
Coinbase is governed by financial regulators such as the SEC, FCA, FinCEN, and NYSDFS, ensuring compliance with stringent guidelines.
Плюсы
- Ориентирован на новичков
- Лицензированная и уважаемая платформа
- Страховка на случай взломов
- Низкий минимальный депозит
Минусы
- Высокая комиссия по сравнению с конкурентами
- No Facility for Credit Card Deposits by U.S. Users
KuCoin: Exchange With Lots of Listings
KuCoin Among the world's oldest and most prominent crypto exchanges, this Seychelles-based firm is an excellent choice for those interested in derivative products.
Presenting access to over 600 cryptocurrencies, KuCoin enables activities beyond trading and investing, such as crypto savings, staking, and participation in Initial Exchange Offerings.
Читать: Полный обзор KuCoin здесь
KuCoin might be overwhelming for newcomers, tailored more towards savvy traders keen on exploring advanced trading strategies, leading to potential challenges for beginners.
Even so, investors can reap many advantages via KuCoin, which requires a modest minimum balance deposit of $5, supported across major fiat currencies, P2P transfers, and select credit card options.
Trading fees at KuCoin are set at 0.1%, though they can be reduced based on monthly trading volumes and KCS token ownership.
Showcasing commendable security, KuCoin employs banking-level encryption and rigorous security measures to protect users' funds and data, with a dedicated risk control team ensuring strict data policies.
Плюсы
- Enjoy Reduced Trading Fees with Discounts
- Comprehensive Staking Features Available
- Быстрая P2P система торговли
- Доступна анонимная торговля
- Низкий минимальный баланс
Минусы
- No bank deposit option
Gate.io: Solid Platform With Lots of Coins
Gate.io This cryptocurrency platform aims to carve out a market niche by offering members a seamless gateway to emerging coins and nascent projects not typically found on mainstream exchanges.
Operating since 2017, it strives to capture market share in the crypto trading arena through user-friendly access to unique digital assets.
Specifically designed to aid investors, the platform provides insights into their chosen coins and broader market trends.
Read: Our Full Gate.io Review Here
Trading unfolds on a web-based platform akin to most exchanges, featuring useful tools such as an order book, trading history, and market charts.
Pros
- A wide range of currencies
- A low fee structure
- Simple registration process
- Feature-Rich Platform with a Mobile Application
Cons
- Unregulated
- The team is not very transparent
- No fiat currency transfers
What is Optimism?
Optimism Optimism functions as an Ethereum-native layer-two scaling solution, offering developers easy access to Ethereum while bypassing scalability challenges.
Understanding Optimism requires an examination of Ethereum, an immensely popular blockchain appealing to developers across various domains like NFTs, DeFi, and blockchain-based games.
With growing popularity comes inherent issues: Ethereum's scalability is strained by the volume of apps and developers, bringing about high fees and latency. This has given rise to alternative blockchains like Solana and Avalanche, known for greater performance and higher transaction capacities.
To remedy these constraints, Ethereum's imminent upgrade to Ethereum 2.0 promises a shift to proof-of-stake and introduces sharding to enhance scalability. In parallel, layer-two solutions are being deployed to support the mainnet.
Harnessing Optimistic rollups, the Optimism protocol efficiently compiles transactional data into manageable batches, handling transactions within its layer-two system, while forwarding data for validation to the Ethereum mainnet.
In May 2020, Optimism introduced its OP token, unlocking participation in The Optimism Collective, embodying a dual governance model. The Citizens' House addresses public funding, while the Token House oversees technical governance. Token holders actively participate in decision-making across both realms.
Optimism Wallets
The safe storage of digital assets is as critical as the investment itself. Crypto investors employ digital wallets tailored to their specific needs and portfolio size.
Here’s a brief look at different wallet types and their applications:
Software Wallet
Hot wallets, synonymous with software wallets, are a well-known option for cryptocurrency storage. Always online, they earn the 'hot' moniker. These wallets, often obtained upon opening a crypto exchange account, allow users to store and manage their asset-ownership keys, vital for blockchain network validation. Perfect for routine transactions, hot wallets vary between custodial and non-custodial forms.
A custody wallet is like a secure vault for your crypto, managed by an exchange or a trusted third-party. Here's how it works: you place an order for either a deposit or withdrawal, and then the exchange gives the green light, handling everything much like a bank would. On the other hand, with a non-custodial wallet, you're fully in charge of your own assets.
While hot wallets typically don't cost anything, they're considered less secure due to their need to be constantly online. Take the Binance Wallet, for example; it's a hot wallet used frequently in the crypto scene.
Hardware Wallet
Imagine a hardware wallet as a futuristic gadget, designed specifically to add an extra layer of protection when managing your crypto. It acts as a secure keychain for your digital funds.
Using your private key is the usual way to shift your crypto about, but this becomes risky if your computer falls victim to malware. In such cases, your private keys could be hijacked, leading to potential theft.
With a hardware wallet, however, your private keys stay locked away within the device and are never exposed to your computer. This keeps them safe even if you're unlucky enough to encounter harmful software. It's the ideal choice for storing a significant amount of crypto.
Ledger and Trezor hardware wallets are a couple of renowned cold storage options. Check out our detailed reviews.
Mobile wallet
A mobile wallet functions as a hot wallet right on your smartphone, offering the ultimate convenience for regular crypto use. It manages your private keys and lets you pay for the things you love with your digital currency.
Mobile wallets tend to be free and are primed for instant transactions. Popular choices include the eToro Money Wallet and Coinbase Wallet.
Desktop wallet
Think of a desktop wallet as the software equivalent of a hot wallet for your PC. This kind of wallet is installed on your personal computer or laptop, letting you easily interact with your crypto. They also often come with a browser extension for added convenience. Keep in mind, though, they are vulnerable to hacks due to their online presence. The Exodus Wallet is one such example.
Paper Wallet
Back in the day, a paper wallet used to be a common sight in crypto—but not anymore. This oldest form of crypto storage keeps your public and private keys on a piece of paper, making it the least secure method as it's prone to being lost, stolen, or burned.
Best Optimism Wallet
Crypto enthusiasts often question which wallet stands out as the best for safekeeping their assets. But here's the thing: it boils down to personal preference and needs. Each investor might find a different option more fitting.
But if you're wondering which one we recommend, it's the Binance Wallet. It's a powerhouse solution from the globe's largest crypto trading platform.
Binance Wallet offers a treasure trove of features, like support for over 600 coins, seamless integration with the expansive Binance ecosystem, and top-notch security measures with 2FA, backup recovery phrases, and address whitelisting.
When it comes to ease of use, the Binance Wallet is hard to beat, letting you finish transactions in no time, which is a refreshing change compared to hardware wallets.
How To Buy Optimism
Once you've decided on what coin to buy and explored its applications, the next logical step is purchasing it for your collection. As it stands, Binance is our platform of choice for making trades, so let's walk through how you can acquire assets using Binance.
Step 1: Sign Up
Go to the Binance home page and click on “Register”.
With Binance, setting up an account is straightforward—sign up with a mobile, email, or connect via Google. A majority opts for using phone or email, supplying the necessary details. A verification link is sent your way, and clicking it activates your account.
Step 2: Verify Your Identity
Similar to other regulated platforms, Binance mandates a verification step to confirm identity before moving forward with a purchase.
For completion, navigate to the “Identification” section, input your info including proof of residence with an official ID. It’s a quick step typically wrapped up within minutes.
Step 3: Deposit Your Funds
Following that, you’ll need to fund your Binance Wallet. The platform supports a range of deposit methods spanning from payment processors to direct crypto transfers, setting the minimum deposit at $10.
To add funds, visit “Payment” and choose “Add a new payment method” to fill in your details. Alternatively, there's a “Buy Crypto” section where you can pick your preferred payment method and proceed with the transfer.
Step 4: Buy
Having topped up your wallet, you’re all set to make a purchase. Simply head to “Buy Crypto,” input how much you wish to spend, review the terms, hit “Continue,” and watch your wallet update in real-time.
Conclusion
Scaling solutions for Ethereum are gaining traction as they ease the network's transaction load. Known for faster speeds and lower fees, they outperform Ethereum in convenience. Among various competitors, Optimism shines by standing only second to Polygon in the scaling landscape.
For purchasing Optimism, Binance secures the top spot given its industry-low trading fee and unmatched liquidity. The platform also comes packed with advanced trading tools and derivative trading for seasoned aficionados.
Optimism OP FAQs
Where can I buy Optimism?
Acquiring Optimism through Binance is a breeze. Create an account on their site, verify your identity with an ID, and deposit a minimum of $10. From there, you're set to buy the OP token.
Does Optimism have a token?
Optimism functions with its own utility token, playing a crucial role in governance, staking, and covering network fees within its ecosystem.
How do I invest in Optimism?
Investors can effortlessly set up a trading account across any of our vetted brokers, authenticate their details, and make the necessary deposit to engage with OP.
How high can Optimism coin go?
Considering the inherent volatility of crypto assets, the forecast for Optimism remains speculative. Nonetheless, it showed remarkable progress this year with a peak in May. As adoption of crypto and DeFi continues, there's room for Optimism to soar alongside market trends.
