How and Where to Buy Ordinals (ORDI) Step-by-Step Guide

“Ordi” is a cryptocurrency that uses blockchain technology to provide investors an open and safe platform to earn passive income. 

Ordi uses the Ordinals to maintain every bitcoin into which any kind of information, such as words, images, sound, and video, can be included. 

A bitcoin can be broken up into 21 million units valued at 100 million Satoshis (satoshi is sat, the smallest unit of bitcoin).

On May 8th, 2023, ORDI, the first BRC20 token, achieved a record-breaking high of $29.16 and gained 93% on November 7th, reaching a daily high of $14.06.

Do you want to buy Ordinals (ORDI) or learn about other cryptocurrencies? This is the right place for you! 

This blog provides secure and simple methods for quickly purchasing Ordinals (ORDI) wherever you are! Check out all of the different ways to buy ORDI. 

What are Bitcoin Ordinals? 

Bitcoin Ordinals are unique digital goods written on individual satoshis on the Bitcoin blockchain. 

The Ordinals system allows anybody to put pictures, text, music, and other material onto a numbered satoshi (sat). The protocol gives ordinal numbers to sats using Ordinal Theory, making them easier to monitor and share after they are inscribed with content.

The introduction of Ordinals has given fresh life to the Bitcoin industry and inspired developers to create token rules for making assets directly on the blockchain.

How and Where to Buy Ordinal Cryptocurrency in Steps

1. Consider One of the Stores That Can Provide Ordinals

Gate io, Kucoin, Binance, Coinex, OKX, Bit, by all means, one of the most vital things to mention is that they sell ordinals.

It is essential to check whether some currency exchanges take users from your country. On the other hand, some businesses are ideal for forceful crypto traders; others suit purchasers of cryptocurrencies who plan on holding them. Moreover, checking that the platform supports any trading options you may need is essential. 

Some traders only trade in the spot market, while others use futures or margins. Ultimately, only combining your specific needs can determine which “exchange” is ideal for you. Considering that, we should talk about some of the best cryptocurrency exchanges in the world.

More Places to Buy Ordinals

• Binance is the world’s largest and most liquid exchange. Binance provides margin trading, crypto futures, NFT features, low fees, lending and stake platforms, and a debit crypto card with up to 8% cashback, but not to US customers.
• CoinEx is a privacy-focused digital currency marketplace that allows traders to purchase cryptocurrency without going through the lengthy and costly Verification process.
• OKX is a trading platform that concentrates on crypto futures trading features.
• Bybit, which started in 2018, is popular among result-in customers.
• Gate.io is a cryptocurrency trading pioneer with over 10 million customers in over 130 countries.

2. Set Up Your Investment Budget

To trade Ordinals and any other form of cryptocurrency, you must understand what is needed and their price. 

If not, you expose yourself to emotionally inclined mistakes that might harm your investing gains. Here are a few things to bear in mind while investing in cryptocurrency:

How Much Should You Invest?

One of the most basic rules any investor should follow is to invest only what they can afford. In other words, only spend what you can afford to lose. 

This is particularly so with cryptocurrency, where the market can be volatile, with digital currency regularly seeing significant price changes.

How Much Does Ordinals Cost?

Ordinals are trading at $ 51.42, up 1.07% in the previous 24 hours. ORDI worth $ 1.77B changed hands on crypto exchanges within the same period.

Ordinals’ prices climbed by 151.00% in the previous month. Also, the cost of Ordinals has risen by 1,517.00% in the last three months and 206.00% in the previous year.

In addition to this, the low for the current cycle of Ordinals is $ 43.50, that has been reached on 10th December 2023, while the high is $ 57.83 dated to the same day (11th December, In addition, ORDI is trading -at 26% away from its highest value of $ 69.31.

What is the Best Investing Plan for You?

Beginning investors should use an easy but proven effective DCA investment method to reduce the choice of timing the ordinal purchase amounts. 

Such a task is easily possible, for example, during trade on Binance. Experienced investors could attempt timing of the market or technical studies to be better going out.

3. Explore Your Ordinals Investment

However, you must consider several things before purchasing Ordinals, among other digital currencies. This should be a white paper that outlines the goals of each project, the problems it intends to solve, or the current issues at which it is aimed. 

Also, you must learn about the workers at your worksite and visit websites and social media to look out for rumors concerning safety issues.

4. Place an Order for Ordinals

Buying Ordinals is similar across many crypto exchanges, so you can follow the steps listed here whether you’re using KuCoin or any other crypto exchange.

• Create a free account on the cryptocurrency exchange of your choice.
• Make a deposit or buy Ordinals using a credit or debit card.
• Go to the trading page and select the right cryptocurrency trading pair.
• Make a purchase order for Ordinals.

5. Where to Store Ordinals

Cryptocurrency exchanges allow users to store and make passive income from deposited crypto, but holding it on a business is not recommended due to potential defaults or hacks.

Cryptocurrency wallets, available as software or crypto hardware, are needed to securely store crypto keys, with software wallets needing to be safer and cold wallets offering offline storage.

Crypto hardware wallets use a seed word to unlock and transmit contents. To keep the seed word safe, keep it in physical form.

Other Useful Tools for Trading ORDI

Secure Private Connection

Cryptocurrencies have no central authority, so handling money responsibly by users is essential. Secure encryption of VPN connections is vital to protect sensitive data during trading. 

PureVPN is a highly-rated VPN that uses military-grade encryption to block harmful websites and ads. 

It is a reliable VPN service that offers fast, safe, unlimited bandwidth/data and is among the lowest-priced VPNs with access to over 6500 + servers worldwide.

6. Keep Track of the Outcomes of Your Ordinal Investment

Track your ordinary investment easily through Coincodex’s custom-made crypto tools for simpler and more efficient investing.

Crypto Investment

CoinCodex offers the whole crypto investment that enables customers to view the status of their assets, including Ordinals, on computer, iOS, or Android devices.

Crypto Alerts

Crypto alerts enable users to activate notifications for asset prices as they do not want to miss rises and falls.

Crypto Profit Calculator

As investors determine future prices and different scenarios, our crypto profit calculator provides realistic expectations based on historical market information, helps to show projected profits, and so on.

How to Sell Ordinals

Buying Ordinals is similar to selling Ordinals in that you must indicate if you are using a limit or market order (for more information on these differences, consult the “place your Orderials order” section above).

Before selling Bitcoins, check out the pricing system for the selected exchange to avoid any potential trading or exchange rates.

After cashing out crypto, you can move funds from the exchange to your bank account (if using cryptocurrency—bitcoin, etc., to fiat currency transaction) or send crypto to an external crypto wallet (in case of cryptocurrency cross-exchange).

The process is convenient by transferring Bitcoin from one exchange like Binance or Kucoin to another.

Bitcoin Ordinals: Changing the NFT Dynamics

They use Bitcoin Ordinals, an original, decentralized, and safe NFT for moving and saving digital money. These are stored in the Bitcoin blockchain and offer numerous advantages over traditional NFTs, such as safety, strength, and scarcity. 

The evolution of Bitcoin Ordinals indicates that the NFT market is growing and has potential for further development. 

It can also present a novel approach through which creative people can earn some income from their work and ease investment in NFTs. 

It is difficult to predict the effects that the technology of Bitcoin Ordinals may cause; thus, this issue should be tracked.