Token

Secret

Osmosis

<h4>The Secret Network ($SCRT) is a project that’s worth keeping an eye out for. However, buying it in the US is not that easy. The $SCRT token is only listed on Kraken. As a result, US citizens must be creative, within legal boundaries, to get their hands on the $SCRT token.&nbsp;</h4> 
So, without further ado, let’s find out how Americans can buy Secret Network’s $SCRT token. This is Part 1, in which I explain how to onboard the Osmosis DEX and swap $ATOM, $OSMO, or $USDC for $SCRT. In Part 2 I will explain how you can move USDC from Noble to Osmosis. 
And we are singling out Americans here cause nearly everyone else in the world can buy it easily on one of many centralized exchanges. Then, of course, you’d want to move it to your wallet of choice. It’s a little tougher for Americans. 
<h5>Setting Up a Cosmos-Compatible Wallet</h5> 
Secret Network is a protocol that offers privacy-preserving smart contracts. In other words, Dapps on Secret Network allow your transactions to remain confidential. Their confidential computing lets you disclose what you want from your data. This includes disclosing nothing publicly. In 2024 Secret is expanding its confidential computing solutions to Ethereum. See their explanation in a blog about <a href="https://scrt.network/blog/roadmap-2024/" target="_blank" rel="noopener">their 2024 roadmap</a>. 
<blockquote class="twitter-tweet"> 
 We’ve partnered with <a href="https://twitter.com/kado_money?ref_src=twsrc%5Etfw">@kado_money</a> to provide a new fiat on/off-ramp for Secret Network! 
 Soon you will be able to buy and sell <a href="https://twitter.com/search?q=%24SCRT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SCRT</a>, <a href="https://twitter.com/search?q=%24SHD&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SHD</a>, <a href="https://twitter.com/search?q=%24SILK&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SILK</a>, and more on the <a href="https://t.co/XIZn5jxUvu">https://t.co/XIZn5jxUvu</a> platform! 
 dApp integrations could follow <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/W0BTutL3y9">https://t.co/W0BTutL3y9</a> 
 — Secret Network (@SecretNetwork) <a href="https://twitter.com/SecretNetwork/status/1575218134969114624?ref_src=twsrc%5Etfw">September 28, 2022</a>
</blockquote> 
But let’s stay closer to home for starters. Secret Network is part of the <a href="https://www.altcoinbuzz.io/?s=cosmos" target="_blank" rel="noopener">Cosmos</a> ecosystem. In other words, it’s part of the IBC or the Inter-Blockchain Communication Protocol. So, if you want to take part in this, you need a Cosmos-compatible wallet. The most popular options are <a href="https://www.keplr.app/" target="_blank" rel="noopener">Keplr</a>, <a href="https://www.leapwallet.io/" target="_blank" rel="noopener">Leap Wallet</a>, or the <a href="https://wallet.cosmostation.io/cosmos" target="_blank" rel="noopener">Cosmostation Wallet</a>.&nbsp; 
So, unless you want to keep your $SCRT tokens on an exchange, you will need one of these wallets. At Altcoin Buzz, we always advise having your tokens in a non-custodial wallet. If you leave them on an exchange, you don’t have control over your assets. Do you remember this, not your keys, not your coins? With a <a href="https://www.altcoinbuzz.io/?s=noncustodial+wallet" target="_blank" rel="noopener">non-custodial wallet</a>, you have control over your assets.&nbsp; 
For the various options I’m about to explain how to get $SCRT, you will need one of these wallets. US citizens can only buy $SCRT tokens directly at the <a href="https://www.kraken.com/prices/secret-network" target="_blank" rel="noopener">Kraken</a> exchange. For every other option, you will need to use your Cosmos-compatible wallet. So, let me explain how I get $SCRT tokens. See the video below on how to set up a Keplr Wallet. For a Leap Wallet, the procedure is similar. 
<iframe title="How to set up a Keplr wallet and self custody your SCRT" width="696" height="392" src="https://www.youtube.com/embed/dsaRBsX5Nic?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
<h5>Using the Osmosis DEX</h5> 
Whenever I need Cosmos tokens that are not available on a CEX, I use Osmosis. This is a Cosmos-based DEX with an AMM. According to <a href="https://defillama.com/chains/Cosmos" target="_blank" rel="noopener">DeFiLlama</a>, it takes 4th spot, measured by TVL, in the Cosmos ecosystem. So, you can buy the $SCRT token there.&nbsp; 
<h6>Using Fiat</h6> 
Osmosis offers three ways to onboard and buy crypto with fiat. This is by far the easiest way to onboard Osmosis. 
<ul> 
 <li style="font-weight: 400"><a href="https://www.kado.money/" target="_blank" rel="noopener">Kado</a> — supports $OSMO and $USDC.</li> 
 <li style="font-weight: 400"><a href="https://transak.com/" target="_blank" rel="noopener">Transak</a> — Supports $OSMO.</li> 
 <li style="font-weight: 400"><a href="https://onramp.money/" target="_blank" rel="noopener">Onramp.money</a> — supports $OSMO and $USDC.</li> 
</ul> 
<img decoding="async" class="aligncenter wp-image-136832 size-large" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/03/FireShot-Pro-Webpage-Capture-405-Osmosis-Assets-app.osmosis.zone_-1024x463.jpg" alt="$SCRT token" width="696" height="315" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/03/FireShot-Pro-Webpage-Capture-405-Osmosis-Assets-app.osmosis.zone_-1024x463.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2024/03/FireShot-Pro-Webpage-Capture-405-Osmosis-Assets-app.osmosis.zone_-300x136.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/03/FireShot-Pro-Webpage-Capture-405-Osmosis-Assets-app.osmosis.zone_-768x348.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2024/03/FireShot-Pro-Webpage-Capture-405-Osmosis-Assets-app.osmosis.zone_-1536x695.jpg 1536w, https://www.altcoinbuzz.io/wp-content/uploads/2024/03/FireShot-Pro-Webpage-Capture-405-Osmosis-Assets-app.osmosis.zone_-928x420.jpg 928w, https://www.altcoinbuzz.io/wp-content/uploads/2024/03/FireShot-Pro-Webpage-Capture-405-Osmosis-Assets-app.osmosis.zone_-696x315.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2024/03/FireShot-Pro-Webpage-Capture-405-Osmosis-Assets-app.osmosis.zone_-1068x483.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2024/03/FireShot-Pro-Webpage-Capture-405-Osmosis-Assets-app.osmosis.zone_.jpg 1920w" sizes="(max-width: 696px) 100vw, 696px"> 
Source: <a href="https://app.osmosis.zone/assets" target="_blank" rel="noopener">Osmosis</a> 
Once you bought $OSMO or $USDC, you can swap it into $SCRT. Now you have two options. You can leave it on the Osmosis app or send it to your Cosmos wallet. For the latter option,&nbsp; 
<ul> 
 <li style="font-weight: 400">Get your $SCRT address from your wallet.</li> 
 <li style="font-weight: 400">Select the amount of $SCRT you want to send.</li> 
 <li style="font-weight: 400">Hit the send button and within approx. 20 seconds, you should find your $SCRT in your wallet. Transaction costs are also very low on the IBC.</li> 
</ul> 
<figure id="attachment_136831" aria-describedby="caption-attachment-136831" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="wp-image-136831 size-large" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/03/FireShot-Pro-Webpage-Capture-406-Osmosis-Assets-app.osmosis.zone_-1024x463.png" alt="$SCRT token" width="696" height="315" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/03/FireShot-Pro-Webpage-Capture-406-Osmosis-Assets-app.osmosis.zone_-1024x463.png 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2024/03/FireShot-Pro-Webpage-Capture-406-Osmosis-Assets-app.osmosis.zone_-300x136.png 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/03/FireShot-Pro-Webpage-Capture-406-Osmosis-Assets-app.osmosis.zone_-768x348.png 768w, https://www.altcoinbuzz.io/wp-content/uploads/2024/03/FireShot-Pro-Webpage-Capture-406-Osmosis-Assets-app.osmosis.zone_-1536x695.png 1536w, https://www.altcoinbuzz.io/wp-content/uploads/2024/03/FireShot-Pro-Webpage-Capture-406-Osmosis-Assets-app.osmosis.zone_-928x420.png 928w, https://www.altcoinbuzz.io/wp-content/uploads/2024/03/FireShot-Pro-Webpage-Capture-406-Osmosis-Assets-app.osmosis.zone_-696x315.png 696w, https://www.altcoinbuzz.io/wp-content/uploads/2024/03/FireShot-Pro-Webpage-Capture-406-Osmosis-Assets-app.osmosis.zone_-1068x483.png 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2024/03/FireShot-Pro-Webpage-Capture-406-Osmosis-Assets-app.osmosis.zone_.png 1920w" sizes="(max-width: 696px) 100vw, 696px">
 <figcaption id="caption-attachment-136831" class="wp-caption-text">
 Osmosis
 </figcaption>
</figure> 
<h6>Using $ATOM or $OSMO From a CEX</h6> 
Another option is to buy the two most commonly available Cosmos tokens on a US-based exchange. These are $ATOM and $OSMO. This is how I buy tokens on Osmosis because I don’t have the fiat on-ramp options. It requires a few more steps than the aforementioned method. However, it also works. Here’s a chart that shows where you can buy these two coins in the US. 
<table> 
 <tbody> 
 <tr> 
 <td></td> 
 <td>$ATOM</td> 
 <td>$OSMO</td> 
 </tr> 
 <tr> 
 <td> Binance US </td> 
 <td style="text-align: center">+</td> 
 <td style="text-align: center">–</td> 
 </tr> 
 <tr> 
 <td> Bitmart </td> 
 <td style="text-align: center">+</td> 
 <td> + </td> 
 </tr> 
 <tr> 
 <td> <a href="https://www.youtube.com/redirect?event=video_description&amp;redir_token=QUFFLUhqbFRISjJOdDFUcm9ZRjFRWkdxQ2VjM1JRT3ZZUXxBQ3Jtc0tsOHl0WXhnem9nT1JTa1lGdHF2blBHSFJmUjRhT0gyR0RXamkxYU1iSFJEeDliVjVfS1BaUTBuQlZhY0Z2WXZqdGl3RTgwOGtGbXV4TnlUX19zOHNNdVRFeVBVQjFpX0RsY3pkWmd4NFRyUlJscG1Ddw&amp;q=https%3A%2F%2Fbit.ly%2FBYDFi-Gift&amp;v=3pZPGpCwZvc">BYDFi</a> </td> 
 <td style="text-align: center">+</td> 
 <td> + </td> 
 </tr> 
 <tr> 
 <td> Coinbase </td> 
 <td style="text-align: center">+</td> 
 <td> + </td> 
 </tr> 
 <tr> 
 <td> Crypto.com </td> 
 <td style="text-align: center">+</td> 
 <td> + </td> 
 </tr> 
 <tr> 
 <td> Gemini </td> 
 <td style="text-align: center">+</td> 
 <td> – </td> 
 </tr> 
 <tr> 
 <td> Kraken* </td> 
 <td style="text-align: center">+</td> 
 <td> – </td> 
 </tr> 
 <tr> 
 <td style="text-align: center">Robinhood</td> 
 <td style="text-align: center">+</td> 
 <td> – </td> 
 </tr> 
 </tbody> 
</table> 
*Kraken is also the only US-based exchange that offers $SCRT as a trading pair. So, let me walk you through this. 
<ul> 
 <li>Sign up for an exchange and complete a KYC (Know Your Customer) procedure.</li> 
 <li>Send fiat to the exchange. You can also send a crypto asset, like a stable coin, from your noncustodial wallet.</li> 
 <li>Buy $ATOM or $OSMO.</li> 
 <li>Withdraw $ATOM or $OSMO to your Cosmos-compatible wallet.</li> 
 <li>Transfer $ATOM or $OSMO to Osmosis over IBC. Remember IBC is really just a bridge between all the Cosmos chains.</li> 
 <li>Swap $ATOM or $OSMO on Osmosis for $SCRT.</li> 
 <li>Leave $SCRT on Osmosis or send it over IBC to your Secret Network address in your Cosmos wallet.</li> 
</ul> 
So, yes, this requires more steps than onboarding with fiat. However, talking from personal experience, I’m used to this procedure. It works fine for me, and it doesn’t feel like a burden to me. Maybe it can be a bit intimidating the first time, but you get used to it rather quickly. 
<h5>Conclusion</h5> 
This is Part 1 of how US citizens can buy the $SCRT token in the US. I discussed how to onboard the Osmosis DEX. Either by on-ramping with fiat or by sending $ATOM or $OSMO from a CEX to Osmosis. In Part 2 I will look into sending USDC with Noble to Osmosis. 
The current <a href="https://www.coingecko.com/en/coins/secret" target="_blank" rel="noopener">$SCRT price</a> is $0.65. It has a market cap of $176 million. There’s an infinite max supply and a total supply of 291 million tokens. The circulating supply is 271 million $SCRT tokens. Over the last 30 days, $SCRT is up by 30.9%. 
<a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="aligncenter wp-image-124240" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg" alt="Coins" width="714" height="88" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1068x132.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1.jpg 1197w" sizes="(max-width: 714px) 100vw, 714px"></a> 
<iframe title="Top 3 Altcoins in Avalanche AVAX Ecosystem" width="696" height="392" src="https://www.youtube.com/embed/3pZPGpCwZvc?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
Disclaimer 
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours. 
We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. This article has been sponsored by Secret Network. 
Copyright Altcoin Buzz Pte Ltd. 
The post <a href="https://www.altcoinbuzz.io/reviews/crypto-education/how-americans-can-buy-scrt-token-part-1/">How Americans Can Buy $SCRT Token — Part 1&nbsp;</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.

How Americans Can Buy $SCRT Token — Part 1

Altcoin Buzz

Andere artikelen gepubliceerd op 25 mrt 2024

Cryptocurrency Sector Faces Major Changes: Iceland’s Energy Shift, Venture Capital Influx, and Et...

Maker’s MKR Token Climbs Nearly 10% as Market Indicators Turn Bullish

Unveiling the Trio of Factors Boosting Bitcoin’s Value Today

Do Kwon Sent To Foreigner Facility In Montenegro As He Awaits Extradition Decision

Shiba Inu, PEPE Coin, or Bitgert Coin: Which Cryptocurrency Reigns Supreme?

A Comprehensive Guide to Stay Away from Trust Wallet Scams

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!