Crypto Buying Tips

How and Where to Buy StorX Network (SRX) – Detailed Guide

What is SRX?

About StorX

StorX is an open source trustless, censorship resistant decentralized cloud storage network, powered by XinFin Network. StorX empowers users to store their data securely on the distributed cloud. Each file uploaded on StorX is encrypted by a user's unique password and then split into multiple fragments to be stored on numerous autonomous storage nodes operated by individual operators spread worldwide. Every file on StorX is encrypted, fragmented and distributed across multiple nodes, no entities including StorX can ever access user’s complete data.This unique distributed architecture also prevents data from being hacked or prone to ransomware attacks. StorX is not only faster but upto 70% - 90 % cheaper compared to traditional cloud storage.

Features of StorX: Greater Security - StorX is based on XinFin’s blockchain platform and inherits its advanced security features, including immutability and consensus. Additionally, it features end-to-end encryption and as data stored on the network is split into encrypted fragments among storage nodes, individual host/operator will never be able to access the data or manipulate it.

100% Anonymity and Privacy - StorX encrypts and shreds your data into tiny fragments and distributes it across a decentralized network. The hosts store a fragmented copy of your file on their node and have no way of knowing the content of your files or its owner and only you hold the decryption keys that can assemble and retrieve your encrypted files.

Value for Money - There is a great level of competition among host nodes competing to store data ensuring fair prices to every user and with a vast pool of nodes to choose from, the amount of storage available becomes significantly higher which in turn reduces the cost to store data. Not only is StorX superior compared to centralized cloud storage services in terms of features, but it also offers the best value for money at a fraction of the cost.

Faster Speeds - Due to the decentralized architecture of StorX, encrypted copies of your data are stored across multiple regions, ensuring faster retrieval speeds.

Highly Redundant - StorX stores redundant data fragments of files on multiple storage nodes spread around the world. It eliminates any single point of failure as your data exists on multiple nodes and offers a high uptime that competes with the uptime offered by centralized cloud storage services.

Reliability - The duplication of data across multiple storage nodes across multiple geographical regions protects from incidents such as outages, system failures, or any hacks and malware attacks that could compromise data servers.

Open-Source - StorX utilizes open-source software for its platform to ensure complete transparency. Open standards and used and supported as much as possible and users are not locked into any proprietary formats. You can import and export anything.

Community Development - StorX offers a growing list of the latest features to its users that has been developed by a growing number of community contributors that consist of leading software engineers.

Environmentally Friendly - A decentralized network utilizes the spare storage already available around the world instead of building large data centers that consume a lot of energy to store data. This makes StorX more environmentally friendly compared to centralized cloud storage solutions.

StorX aims to leverage the world’s surplus data storage to create a platform that is ready to disrupt the $100 billion cloud storage industry with a solution that not only is more secure, private, and faster but also environmentally friendly at the fraction of the cost of centralized cloud storage services. It provides an alternative to those who want to break free from the monotony of centralized cloud service providers and their exploitative market practices and offers a solution that is built by the community, for the community.

SRX was first tradable on 14th Jul, 2021. It has a total supply of 537,001,254.86. As of right now SRX has a market capitalization of USD $61,997,102.23. The current price of SRX is $0.0413 and is ranked 2418 on Coinmarketcap and has recently surged 14.13 percent at the time of writing.

SRX 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 USDT 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 SRX.

Step 1: Register on Fiat-to-Crypto Exchange

You will have to first buy one of the major cryptocurrencies, in this case, USDT (USDT). 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.

uphold

Suitable for US traders

Select Fiat-to-Crypto Exchange for details:

SRX

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.
Show Details Steps ▾
SRX

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.

SRX

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.

SRX

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 USDT with fiat money

SRX

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.

SRX

Now you are all set, on the 'Transact' screen under the 'From' field, select your fiat currency, and then on the 'To' field choose USDT, 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 USDT to an Altcoin Exchange

SRX

But we are not done yet, since SRX is an altcoin we need to transfer our USDT to an exchange that SRX 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.

SRX

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 USDT to exchange

SRX

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.

SRX

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 'USDT address', this is a unique public address of your USDT wallet at BitMart and you can receive USDT by giving this address to the person to send you the funds. Since we are now transferring our previously bought USDT 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 USDT on the "From" field, choose the amount you wan to send and on the "To" field choose USDT 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!

SRX

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 USDT network, during busy times it may take even longer.

You should receive a confirmation notification from BitMart once your USDT has arrived. And you are now finally ready to purchase SRX!

Step 5: Trade SRX

SRX

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.

SRX

In the right column there is a search bar, now make sure "USDT" is selected as we are trading USDT to altcoin pair. Click on it and type in "SRX", you should see SRX/USDT, select that pair and you should see a price chart of SRX/USDT in the middle of the page.

Below there is a box with a green button that says "Buy SRX", 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 USDT deposit you would like to spend on buying, by clicking on the percentage buttons. When you have confirmed everything, click "Buy SRX". Voila! You have finally bought SRX!

Last Step: Store SRX securely in hardware wallets

Ledger Nano S

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

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 SRX 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 SRX with cash?

There is no direct way to buy SRX with cash. However, you can use marketplaces such as LocalBitcoins to first purchase USDT, and finish the rest of the steps by transferring your USDT 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 SRX 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 SRX 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 StorX Network's fundamentals and current price here.

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