How and Where to Buy Buying.com (BUY) – Detailed Guide
- What is BUY?
- Step 1: Register on Fiat-to-Crypto Exchange
- Step 2: Buy ETH with fiat money
- Step 3: Transfer ETH to an Altcoin Exchange
- Step 4: Deposit ETH to exchange
- Step 5: Trade BUY
- Last Step: Store BUY securely in hardware wallets
- Other useful tools for trading BUY
- Frequently Asked Questions
- Latest News for BUY
- BUY Price Prediction and Price Movement
What is BUY?
Buying.com is a decentralized e-commerce platform that focuses on hyperlocal last mile delivery and supply logistics that is operating in all 50 states after being developed over the past 3 years.
##How we’re changing eCommerce?
-- World’s first decentralized ecommerce platform focused on hyperlocal last-mile delivery and supply logistics. --Decentralized multi-channel delivery to compete with Amazon and Walmart’s reach while offering an enhanced solution compared to Uber or Grubhub --Built-in BUY tokens with incentives for stores and users that make payments cheaper --Delivery network to match local delivery at the last mile with Uber-like capabilities for anyone to deliver goods. --Businesses and consumers gain seamless access to real-time delivery data for tracking purposes. --Our platform introduces a digital ledger based solution that serves as a fraud-proof mechanism which auto-verifies transactions for a tamper-proof and secure audit trail. --Integrated back-office e-commerce technology that is comparable to Salesforce.com. --Peer-to-peer pick up and drop service which has guaranteed delivery with tracking and 24/7 monitoring by reps seven days a week. --Finds the cheapest available delivery mode on every transaction. --The range of the distribution network at the local level is more robust than any existing solution.
##Value Proposition
--MicroDistribution
Microdistribution channels powered by decentralized delivery networks and incentivization using distributed ledger technology.
--Purchasing Power
Harness the advantage of wholesale pricing by offering Direct to Consumer pricing by peer to peer networks.
--Hyperlocal Last Mile Delivery
We offer a guaranteed 2-hour delivery in 22 states with more projects onboarding each quarter.
--Fragmentation
Enable smaller retailers who do not have access to vertically integrated services to pose a serious threat to larger retailers such as Amazon and Walmart by offering fully integrated back-office operations coupled with our decentralized networks, microdistribution and peer to peer networks.
--Manufacturer Benefits
Faster and more granular distribution Access to consumer markets Drop-shipping capabilities More Customers, Bigger Numbers Expanding Global Reach Cheaper Costs for Micropayments
--Online Retailer Benefits
Unprecedented Microdistribution Lowest possible pricing Ability to buy direct from manufacturers and wholesalers No need to maintain a large inventory Cheaper payments Ease of setting up store
--Consumer
Peer-to-Peer E-Commerce Lowest possible pricing Access to More Products Guaranteed 2-hour delivery Ease of Transactions Expanded Purchasing Power
--BUY tools include:
- Buying.com mobile app for restaurants
- Buying.com mobile app for drivers
- Buying.com delivery aggregation system
- Buying.com rewards management smart contract
- Buying.com token bridge
##How Many BUY Tokens Are There in Circulation?
BUY token launched on Algorand mainnet on Feb 24 2021 with a total supply of 1 billion BUY tokens. BUY token has the native version on algorand and a wrapped version on ethereum with a cumulative circulating supply of 43,440,000
##Who Are the Founders of Buying.com?
Jean Marie Gabriel, designer with a great vision, is the Founder & CEO of Buying.com. Packed full of passion and a zeal to do something different, Jean came up with the idea of the Buying.com platform for its affiliated company named Dropshippers.com. Under her leadership, Buying is passing through a stunning transformation from a start-up to a major profitable venture. With lots of successful and groundbreaking business ventures Jean has demonstrated an unmatched mindset and foresight that would take Buying.com to its apex. With her direction the company has grown throughout the United States offering their delivery platforms for all businesses which is Phase 1 of the Buying journey. Jean is pushing to complete Phase 2 on schedule for the Buying.com decentralizing and fulfillment operations for e-commerce. Buying.com also has an accomplished team backing up the vision of Jean Gabriel.
Raghu Bala, Lead Block Chain Designer for Buying.com, is the CEO of Netobjex.com and previously, an executive with Yahoo, Infospace, PwC, and with 3 successful startup. He also teaches MIT Sloan School of Business/Computer Science and AI Laboratory’s course on the Implications of Artificial Intelligence on Business, as well is a Tutor for MIT’s Blockchain course.
Utkarsh Khare, the Chief Technology Officer, has been leading Buying.com's architecture, development, and operation of the company's IT infrastructure, technology platforms, services, and applications for the last few years.Khare possesses extensive experience of 15 years in the Information and Technology industry with many successful prototypes, concepts, and solutions to his credit.
Buying.com also has an arsenal of developers, advisors, legal counsels, marketing heads, with decades of experience under their belt all working towards the same goal.
##Where Can I Buy BUY tokens?
The native BUY is available for trading on gate.io as of now, with cryptocurrency and stablecoin pairs currently available. A Wrapped version of BUY token (WBUY) on the Ethereum blockchain is also available and is listed on uniswap. We are in talks with more exchanges for listings.
https://www.gate.io/trade/BUY_USDT https://www.gate.io/trade/BUY_ETH https://v2.info.uniswap.org/pair/0xb5d948ef184f912d631fede35f9f5af1fe808246
BUY was first tradable on 7th Sep, 2021. It has a total supply of 986,800,000. As of right now BUY has a market capitalization of USD $26,478,076.92. The current price of BUY is $0.0265 and is ranked 1139 on Coinmarketcap and has recently surged 14.93 percent at the time of writing.
BUY has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Ethereum from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy BUY.
Step 1: Register on Fiat-to-Crypto Exchange
You will have to first buy one of the major cryptocurrencies, in this case, Ethereum (ETH). In this article we will walk you through in details two of the most commonly-used fiat-to-crypto exchanges, Uphold.com and Coinbase. Both exchanges have their own fee policies and other features that we will go through in detail. It is recommended that you try both of them and figure out the one that suits you best.
Select Fiat-to-Crypto Exchange for details:
- UpHold
Being one of the most popular and convenient fiat-to-crypto exchanges, UpHold has the following advantages:
- Easy to buy and trade among multiple assets, more than 50 and still adding
- Currently more than 7M users worldwide
- You can apply for UpHold Debit card where you can spend the crypto assets on your account like a normal debit card! (US only but will be in the UK later)
- Easy to use mobile app where you can withdraw fund to a bank or any other altcoin exchanges easily
- No hidden fees and any other account fees
- There are limited buy/sell orders for more advanced users
- You can easily set up recurring deposits for Dollar Cost Averaging (DCA) if you intend to hold cryptos long term
- USDT, which is one of the most popular USD-backed stablecoins (basically a crypto that is backed by real fiat money so they are less volatile and can be treated almost as the fiat money it's pegged with) is available, this is more convenient if the altcoin you intend to buy has only USDT trading pairs on the altcoin exchange so you don't have to go through another currency conversion while you buy the altcoin.
Type your email and click 'Next'. Make sure you provide your real name as UpHold will need it for account and identity verification. Choose a strong password so that your account isn't vulnerable to hackers.
You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.
Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, UpHold is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.
Step 2: Buy ETH with fiat money
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You may be charged higher fees depending on your credit card company and the volatile prices when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees.
Now you are all set, on the 'Transact' screen under the 'From' field, select your fiat currency, and then on the 'To' field choose Ethereum, click preview to review your transaction and the click confirm if everything looks good... and congrats! You've just made your first crypto purchase.
Step 3: Transfer ETH to an Altcoin Exchange
Select altcoin exchanges:
- Gate.io
- BitMart
But we are not done yet, since BUY is an altcoin we need to transfer our ETH to an exchange that BUY can be traded, here we will use Gate.io as our exchange. Gate.io is a popular exchange to trade altcoins and it has a large number of tradable altcoins pairs. Use the link below to register your new account.
Gate.io is an American cryptocurrency exchange that launched 2017. As the exchange is American, US-investors can of course trade here and we recommend US traders to sign up on this exchange. The exchange is available both in English and Chinese (the latter being very helpful for Chinese investors). Gate.io’s main selling factor is their wide selection of trading pairs. You can find most of the new altcoins here. Gate.io also demonstrates an impressive trading volume. It is almost every day one of the top 20 exchanges with the highest trading volume. The trading volume amounts to approx. USD 100 million on a daily basis. The top 10 trading pairs on Gate.io in terms of trading volume usually have USDT (Tether) as one part of the pair. So, to summarize the foregoing, Gate.io’s vast number of trading pairs and its extraordinary liquidity are both very impressive aspects of this exchange.
After going through a similar process as we've done before with UpHold, you will be advised to set up 2FA authentication as well, finish it as it adds extra security to your account.
Step 4: Deposit ETH to exchange
Depends on the policies of the exchange you might be required to go through another KYC process, this should usually take you from 30 minutes to possibly a few days maximum. Though the process should be straight-forward and easy to follow. Once you're done with it you should have full access to your exchange wallet.
If this is your first time making a crypto deposit, the screen here may look a bit scary. But don't worry, it's basically simpler than making a bank transfer. At the box on the right, you will see a string of random numbers saying 'ETH address', this is a unique public address of your ETH wallet at Gate.io and you can receive ETH by giving this address to the person to send you the funds. Since we are now transferring our previously bought ETH on UpHold to this wallet, click on 'Copy Address' or right-click on the full address and click copy to grab this address to your clipboard.
Now head back to UpHold, go to the Transact screen and click on ETH on the "From" field, choose the amount you wan to send and on the "To" field choose ETH under "Crypto Network", then click "Preview withdraw".
On the next screen, paste the wallet address from your clipboard, for security consideration you should always check if both addresses are matching. It is known that there are certain computer malware that would alter the content in your clipboard into another wallet address and you will be essentially sending funds to another person.
After reviewing, click 'Confirm' to proceed, you should receive a confirmation email instantly, click on the confirmation link in the email and your coins are on the way to Gate.io!
Now go back to Gate.io and head to your exchange wallets, don't worry if you haven't seen your deposit here. It is probably still being verified in the blockchain network and it should take a few minutes for your coins to arrive. Depending on the network traffic condition of the Ethereum network, during busy times it may take even longer.
You should receive a confirmation notification from Gate.io once your ETH has arrived. And you are now finally ready to purchase BUY!
Step 5: Trade BUY
Go back to Gate.io, then go to 'Exchange'. Boom! What a view! The constantly flicking figures might be a bit scary, but relax, let's get our heads around this.
In the right column there is a search bar, now make sure "ETH" is selected as we are trading ETH to altcoin pair. Click on it and type in "BUY", you should see BUY/ETH, select that pair and you should see a price chart of BUY/ETH in the middle of the page.
Below there is a box with a green button that says "Buy BUY", inside of the box, choose the "Market" tab here as that is the most straight-forward type of buying orders. You can either type in your amount or choose what portion of your ETH deposit you would like to spend on buying, by clicking on the percentage buttons. When you have confirmed everything, click "Buy BUY". Voila! You have finally bought BUY!
But we are not done yet, since BUY is an altcoin we need to transfer our ETH to an exchange that BUY can be traded, here we will use BitMart as our exchange. BitMart is a popular exchange to trade altcoins and it has a large number of tradable altcoins pairs. Use the link below to register your new account.
BitMart is a crypto exchange from the Cayman Islands. It became available to the public in March 2018. BitMart has a truly impressive liquidity. At the time of the last update of this review (20 March 2020, right in the middle of the crisis with COVID-19), BitMart’s 24 hour trading volume was USD 1.8 billion. This amount placed BitMart on place no. 24 on Coinmarketcap’s the list of exchanges with the highest 24 hour trading volumes. Needless to say, if you start trading here, you will not have to worry about the order book being thin. Many exchanges does not allow investors from USA as customers. As far as we can tell, BitMart is not one of those exchanges. Any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency.
After going through a similar process as we've done before with UpHold, you will be advised to set up 2FA authentication as well, finish it as it adds extra security to your account.
Step 4: Deposit ETH to exchange
Depends on the policies of the exchange you might be required to go through another KYC process, this should usually take you from 30 minutes to possibly a few days maximum. Though the process should be straight-forward and easy to follow. Once you're done with it you should have full access to your exchange wallet.
If this is your first time making a crypto deposit, the screen here may look a bit scary. But don't worry, it's basically simpler than making a bank transfer. At the box on the right, you will see a string of random numbers saying 'ETH address', this is a unique public address of your ETH wallet at BitMart and you can receive ETH by giving this address to the person to send you the funds. Since we are now transferring our previously bought ETH on UpHold to this wallet, click on 'Copy Address' or right-click on the full address and click copy to grab this address to your clipboard.
Now head back to UpHold, go to the Transact screen and click on ETH on the "From" field, choose the amount you wan to send and on the "To" field choose ETH under "Crypto Network", then click "Preview withdraw".
On the next screen, paste the wallet address from your clipboard, for security consideration you should always check if both addresses are matching. It is known that there are certain computer malware that would alter the content in your clipboard into another wallet address and you will be essentially sending funds to another person.
After reviewing, click 'Confirm' to proceed, you should receive a confirmation email instantly, click on the confirmation link in the email and your coins are on the way to BitMart!
Now go back to BitMart and head to your exchange wallets, don't worry if you haven't seen your deposit here. It is probably still being verified in the blockchain network and it should take a few minutes for your coins to arrive. Depending on the network traffic condition of the Ethereum network, during busy times it may take even longer.
You should receive a confirmation notification from BitMart once your ETH has arrived. And you are now finally ready to purchase BUY!
Step 5: Trade BUY
Go back to BitMart, then go to 'Exchange'. Boom! What a view! The constantly flicking figures might be a bit scary, but relax, let's get our heads around this.
In the right column there is a search bar, now make sure "ETH" is selected as we are trading ETH to altcoin pair. Click on it and type in "BUY", you should see BUY/ETH, select that pair and you should see a price chart of BUY/ETH in the middle of the page.
Below there is a box with a green button that says "Buy BUY", inside of the box, choose the "Market" tab here as that is the most straight-forward type of buying orders. You can either type in your amount or choose what portion of your ETH deposit you would like to spend on buying, by clicking on the percentage buttons. When you have confirmed everything, click "Buy BUY". Voila! You have finally bought BUY!
Last Step: Store BUY securely in hardware wallets
Ledger Nano S
- Easy to set up and friendly interface
- Can be used on desktops and laptops
- Lightweight and Portable
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
Ledger Nano X
- More powerful secure element chip (ST33) than Ledger Nano S
- Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
- Lightweight and Portable with built-in rechargeable battery
- Larger screen
- More storage space than Ledger Nano S
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your BUY for a considerable long time, you may want to explore ways of keeping it safe, although Binance is one of the safest cryptocurrency exchange there had been hacking incidents and funds were lost. Because of the very nature of the wallets in exchanges, they will be always online("Hot Wallets" as we call them), therefore exposing certain aspects of vulnerabilities. The safest way of storing your coins to date is always putting them into a type of "Cold Wallets", where the wallet will only have access to the blockchain(or simply "go online") when you send out funds, reducing the chances of hacking incidents. A paper wallet is a type of free cold wallet, it's basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. However, it is not durable and is susceptible to various hazards.
Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. Ledger Nano S and Ledger Nano X and are the most popular options in this category, these wallets cost around $50 to $100 depending on the features they are offering. If you are holding your assets these wallets are a good investment in our opinion.
Frequently Asked Questions
Can I buy BUY with cash?
There is no direct way to buy BUY with cash. However, you can use marketplaces such as LocalBitcoins to first purchase ETH, and finish the rest of the steps by transferring your ETH to respective AltCoin exchanges.
LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. is after all a good place to go to buy Bitcoins when you can't find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed.
Are there any quick ways to buy BUY in Europe?
Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Uphold.
Are there any alternative platforms to buy BUY or Bitcoin with credit cards?
Yes. is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.
Read more on Buying.com's fundamentals and current price here.