Ocean Protocol is a blockchain and cryptocurrency project that aims to enable users to share and securely store their data. Launched by the Singapore-based Ocean Protocol Foundation, this cryptocurrency project focuses on data security and secure trading and sharing of data services. It is particularly known for its focus on the decentralized finance (DeFi) frenzy and its expansion into other areas.
The OCEAN cryptocurrency is used for various purposes such as expenses, consumption, data storage, computation, or similar solutions. An important feature and advantage of the OCEAN cryptocurrency is providing full protection against Sybil attacks. This means that OCEAN not only provides secure storage for its users but also does something that many data platforms cannot do.
According to the official definition of Ocean Coin, it is seen as a protocol that allows users to share data and rewards them with the OCEAN cryptocurrency based on the data they share. Especially in 2020, OCEAN Protocol Coin experienced incredible value appreciation with its listing on the Binance exchange.
So, where can you buy Ocean Protocol Coin? One of the places where OCEAN Coin can be purchased is, as expected, the Binance exchange.
To buy OCEAN, you need to first deposit a USD balance to the exchange or purchase a cryptocurrency that can be used instead. To do this, go to the Binance homepage and click on the “Buy Crypto” option at the top left, then click on the “Credit/Debit Card” tab.
In the opened tab, select how much USD you want to transact with and mark USDT in the Coin section. After buying USDT, go back to the “Trade” option at the top left and click on the “Classic” tab. In the opened section, select the USDT tab on the upper right, type OCEAN in the search box, and select the OCEAN/USDT pair that appears below. Then go to the “BUY OCEAN” tab in the middle and enter the amount you want to buy. Enter the desired amount and confirm the transaction to complete the OCEAN purchase process.