Trading Bitcoin (BTC) for Ocean Protocol (OCEAN) using Zengo is safe and secure. In the following guide, you will learn how to swap BTC for OCEAN in a few simple steps.
Bitcoin (BTC) is the first successful cryptocurrency and the most popular in the market. An anonymous group or individual called Satoshi Nakamoto revealed Bitcoin in 2008 and launched in 2009. Bitcoin offers a decentralized alternative to standard banking while promoting democratic financial control. Further, its operations are based on the unique Bitcoin blockchain network. Through a proof-of-work (PoW) algorithm, Bitcoin generates new coins via the mining process. The open-source essence of Bitcoin ensures its broad reach, making it a favorite for buying and trading.
Ocean Protocol (OCEAN) is a Utility Token founded by Bruce Pon and Trent McConaghy in 2017, operating on the Ethereum blockchain. Ocean is an open-source protocol that enables data exchange and monetization between businesses and individuals. It utilizes ‘data tokens’ to provide access to data sets. Through the OCEAN token, users can participate in governance and purchase and sell data.
Swapping Bitcoin (BTC) for Ocean Protocol (OCEAN) is straightforward with Zengo. To start trading, first download the Zengo app from Google Play or the Apple App Store. Then, set up your account and follow the onboarding process.
After creating your Zengo account, follow the steps below to swap your BTC for OCEAN:
Open the Zengo app and click the “Actions” button on the main menu.
Select the BTC and OCEAN pair (or vice versa) and type the amount you want to trade.
Check all the details, and select “Confirm.” Zengo will notify you after your trade is completed.
Zengo offers a secure trade between BTC and OCEAN. Explore why Zengo is the best wallet for managing your digital assets:
Zengo utilizes cutting-edge technology to guarantee optimal protection for your cryptocurrency portfolio. This advanced system substitutes standard keys with MPC technology, biometric protections, and a 3-factor authentication process. Zengo also offers a robust Web3 firewall, supporting protection during interactions with Web3 Dapps. Explore Zengo’s security standards.
Zengo, being a non-custodial wallet, ensures you have complete control over your private keys, providing secure and easy access to your digital assets. The app’s design prioritizes user-friendliness, minimizing mistakes while ensuring you control your funds thoroughly.
Zengo offers low and competitive fees for trading cryptocurrencies. With Zengo, sending digital assets to other wallets is cost-free, but standard network fees are still charged. Further, Zengo offers the flexibility to customize your gas fees, choosing between transaction speed and cost. For instance, you can pay a higher gas fee for quicker transactions. Refer to our fees and limits guide for more information.
Thanks to Zengo’s biometric-based recovery system, you won’t have to worry about losing access to your digital assets if you ever lose or break your phone. In such a situation, simply reinstall the Zengo app and sign in with your facial ID.
Zengo’s customer support is prepared to assist you at all hours, including weekends and holidays. Our team is here 24/7 for all your questions and needs. You can chat with our supportive staff through the Zengo app’s live chat or email. Additionally, you can access our Online Help Center to find answers to frequently asked questions.
While investing in cryptocurrencies can be thrilling for some, remember that the cryptocurrency markets are largely unregulated and volatile. Through Zengo, you have a secure platform for storing your digital holdings, but bear in mind that we do not offer any financial advice. Before investing in cryptocurrency or NFTs, make sure you do your research.
If you have additional questions about swapping BTC to OCEAN with Zengo, the FAQ section below can be helpful.
Bitcoin (BTC) is the pioneer cryptocurrency operating on its blockchain platform. A distinctive feature of Bitcoin is its independence from central banks or government. Other features include its limited supply of 21 million coins and the proof-of-work consensus mechanism, which allows the creation of new coins through mining. In contrast, Ocean Protocol (OCEAN) is a Utility Token created by the Ocean Protocol Foundation and operates on the Ethereum blockchain. The token is designed to improve data sharing and monetization for organizations and individuals. It provides a dataset tokenization service, meaning it converts data into ‘data tokens’ and keeps them on the blockchain.
Swapping BTC for OCEAN simply means using Zengo’s built-in swapping feature for trading your BTC tokens for OCEAN or vice versa.
A reliable crypto wallet is essential to safely and effectively swap BTC for OCEAN tokens. Zengo supports BTC and OCEAN trades and offers high-level security, which makes it the ideal crypto wallet.
The minimum trading amounts for BTC and OCEAN may change depending on market conditions. To see the current minimum amounts, launch the Zengo app, select the trading function, and choose the pair you are interested in. For details on Zengo’s fees and limits, click here.
Yes, Zengo allows you to send cryptocurrencies to other wallets safely. To send a token to another wallet, open the Zengo app, select the cryptocurrency you wish to send, tap “Actions,” choose “Send,” and input the amount and destination address. To confirm the transfer, follow the final instructions on-screen.
Your trade is confirmed if you see the “Trade Pending” status turn to “Trade Received” in the Zengo app’s transaction history. Additionally, a push notification will be sent to your device confirming the completion of your trade.
Zengo simplifies the process of buying cryptocurrencies. The Zengo app offers users a fiat-to-crypto on-ramp gateway for purchasing various cryptocurrencies. However, if a specific token isn’t available, you can first procure well-known cryptocurrencies like Bitcoin, Tether, or Ethereum. Once you have them, you can swap them for your desired token. To begin buying crypto with Zengo, open the Zengo app, proceed to “Actions,” and choose “Buy.” Follow the on-screen guidelines and pick from various payment options, such as MasterCard, Visa, Apple Pay, and bank wire transfers.
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