How to Buy Carbonic (CO2)
An Investor’s Guide to Buy Carbonic (CO2) for 2022
As innovative and advanced as the Metaverse is, it has been regularly criticized for its carbon footprint. It takes a lot of energy to run the supercomputers that are used by various trading platforms, blockchains, and digital ecosystems that are all part and parcel of the Web 3 world. Not to mention, the minting process itself, which is used whenever a new cryptocurrency hits the market.
That is where specialized digital assets, such as Carbonic (CO2), come in. This article will look at all there is to know about this great cryptocurrency, including where and how to buy it. Read on if you are interested in investing in CO2 coins.
What Is Carbonic (CO2)?
Carbonic (CO2) coins are secure network-based digital assets whose developers created them as a means to finance sustainable, environmentally friendly initiatives, including:
- Innovative development of sustainable carbon-neutral activities
- Improved global emissions reduction
- Counter effects of the global climate change crisis
- Foster an inclusive global economy for everyone
Many other green projects will hopefully be financed by the proceeds from the sale of Carbonic (CO2) coins. Every day sees the introduction of new types of cryptocurrencies that offer a wide range of services to investors. However, none is as innovative or globally conscious as Carbonic.
How Much Is Carbonic?
The USD price for carbonic is currently trading at $0.186, which is down by more than 95% from its global high a few months ago. The current prices for CO2 coins can be viewed on Coinmarketcap, where they are updated daily.
Carbonic Forecast
These days the forecast for Carbonic is not looking good, after weeks of consistent drop in value. However, that has been the pattern in all cryptocurrencies, with even the big names like Bitcoin and Ethereum all suffering huge losses.
In the current economic turmoil that the crypto market finds itself in, it is not easy for analysts to predict the future of this digital asset, especially when so many currencies are going bankrupt. However, one thing that Carbonic has in its favor is that it represents an actual global initiative, meaning that it is easier for investors to see actual value in the coin.
This makes the future of Carbonic a little more secure than similar currencies which are also struggling. In that regard, it seems that despite the crypto crash, there is still a lot of optimism about the future of CO2.
What You Need to Buy Carbonic
Currently, Carbonic is not listed on any public exchange, meaning the only way to buy CO2 coins is through a peer-to-peer private exchange. This is not a problem though, because a lot of currencies also started off that way and still managed to become big success stories.
There are many ways to go around the small obstacle of not being able to use the public exchange platforms. Experienced traders are quite familiar with these alternative methods, but even beginners can easily learn them.
To buy Carbonic, you will need to connect your crypto wallet to a decentralized exchange (DEX) using a public exchange platform, such as Binance. From there you can then buy the base currency that you intend to use when purchasing CO2 coins.
Quick Guide to Buying Carbonic
Some currencies are more difficult to buy than others, and Carbonic is one such currency that has a slightly longer, and more complicated buying method. However, by following the steps below, you can easily buy as much CO2 as you want without any difficulty.
Decide Where to Buy
The first step is the easiest. Start by deciding where you wish to buy CO2 from. In this case, there are only two decentralized platforms listed on Coinmarketcap.com that will allow the purchase of Carbonic assets, and these are DODO and Sushiswap. Either of these two would be great choices, but Sushiswap has the more regular price updates.
Verify Your Account
Next, you need to sign up and verify your details. On the main page, you will enter your name, email address, and country of residence. Once this is done, you can go to your email account where you will complete the rest of the process.
Make Your Purchase
This is where it gets a little bit tricky. You cannot buy carbonic directly using any fiat currency versions. You will have to first buy a paired currency that you can then exchange in return for CO2.
In this case, we recommend using Bitcoin because it is compatible with CO2 and it is also a high-demand currency, which means finding someone to trade with will be easy. Once you have your Bitcoin, head over to your chosen platform and make your CO2 purchase according to the day’s market prices.
Think About Storage
When you have your desired amount of Carbonic CO2 coins, you can look for a suitable blockchain on which to store it. Many are available on the market, and you can select one based on the various options they offer, and the related fees that are charged.
Best Places to Buy Carbonic in 2022
Sushiswap (Polygon)
One place where you can easily trade your crypto for CO2 coins is on the decentralized platform, Sushiswap. The following are some of the advantages and disadvantages of using the platform:
Pros
- Has great tools that allow farming, stacking, swapping, and more
- Is regularly updated
- Compatible with many different currencies
Cons
- Can be difficult to use for beginners
- Has had issues with security in the past
DODO (Polygon)
Another great place to buy CO2 is on the DODO platform. It is one of only two places that currently allow this type of transaction, and it has the following pros and cons:
Pros
- Great, easy-to-use user interface
- Low trading fees
- No minimum deposit required
Cons
- Poor updating of CO2 prices
- The safety of the platform is not dependable
Best Places to Buy Bitcoin for Financing CO2 Purchases
As we mentioned before, Carbonic is not available on public markets; therefore, you need to buy a compatible currency first, which you can use to trade for CO2 coins on one of two decentralized markets.
In this case, we chose Bitcoin as our example, but you can also use a wide range of other coins such as ETH, BNB, USDT, and ADA. You can purchase Bitcoin on many different exchange platforms, such as Binance, Coinbase, and Bitfinex.
Binance
Binance is one of the most popular platforms on the crypto market, and when it comes to purchasing BTC, there is no better place. Here are some of its pros and cons:
Pros
- Low platform fees
- Very large coin collection
- Many extra options for traders
Cons
- Not available in the US
- Problematic account verification
Coinbase
Many traders prefer Coinbase as their platform of choice for not only buying Bitcoin but many other cryptocurrencies. To help you choose, take a look at these pros and cons:
Pros
- Offline storage to reduce the risk of hacking
- One of the most secure platforms
- Multiple compatible currencies
Cons
- High fees
- Poor customer service
Bitfinex
Bitfinex is another well-known platform that has been around for a while, which is a great option for buying BTC. Here are some of the advantages and disadvantages associated with the platform:
Pros
- High liquidity
- Easy withdrawals and deposits
- Offers very low trading fees
Cons
- Not regulated
- Does not allow debit and credit card payments
Carbonic (CO2) Buying Methods
The first step to purchasing Carbonic is to buy the Bitcoin you will need to exchange for CO2 on either DODO or Sushiswap. There are many ways to buy Bitcoin if you choose the right platform. Binance is one of the best options because it allows you to make your payments using PayPal, credit card, debit card, or bank transfer.
Buy Bitcoin with PayPal for Carbonic (CO2) Purchases
One of the most popular ways to purchase Bitcoin is using PayPal. It’s a relatively new technology, but by using the following steps, you can easily purchase Bitcoin on many different platforms:
Step 1 – Choose Crypto Option
PayPal has introduced a new payment option specifically for crypto purchases. On the main page, you will find a button for cryptocurrency. Simply select that option and the system will direct you to the platform from which you can access different markets.
Step 2 – Link To the Trading Platform
You can scroll up and down the page until you find the trading platform you want. If the chosen platform allows PayPal payments, you can link it to the payment platform. In just a few clicks, you can enter your passwords and verify that you wish to purchase cryptocurrency.
Step 3 – Make Purchase
Once the verification is complete, and the linkage has been confirmed, you can purchase the amount of Bitcoin you want. On the trading platform, you will find the day’s BTC price against your chosen fiat currency. Simply choose how much you want and confirm the purchase.
Buy Carbonic (CO2) with Credit Card for Carbonic (CO2) Purchases
One of the simplest methods for buying Bitcoin is by using a credit card. A lot of trading platforms allow credit card payments. However, beware not to divulge your credit card details on any suspicious sites because hackers are a big problem in the crypto market.
Step 1 – Check With Your Bank
Although a lot of banks do allow their clients to buy almost anything with their credit cards, some banks may have special provisions in place regarding crypto payments. Confirm with your bank before proceeding.
Step 2 – Find Compatible Platform
Some online markets do not allow credit card purchases. The first thing you should do before selecting a trading platform is to check whether there is a credit card facility on the payment options or not.
Step 3 – Make the Payment
Once you have found a compatible market, confirm the amount of Bitcoin you wish to buy, and verify the purchase by entering your credit card information.
Buy Carbonic (CO2) with Debit Card for Carbonic (CO2) Purchases
Anyone who has ever opened a bank account will be familiar with the use of debit cards. To buy Bitcoin, simply follow the steps listed below:
Step 1 – Make Sure Account is Funded
With a debit card, you can only use the money currently available in your account; otherwise, you risk an overdraft which would result in various added fees or penalties from the bank.
Step 2 – Confirm Amount of BTC
Once you know how much money you have in the bank, choose the BTC you can afford and select the purchase option. You will be given a variety of payment methods to choose from and you simply need to select “Debit Card Payment.”
Step 3 – Make Payment
You will be directed to a page where you can enter your banking details and after that, you can confirm the purchase.
Buy Carbonic (CO2) with Bank Transfer for Carbonic (CO2) Purchases
The bank transfer is another option that is preferred by many traders because of the relative security that it offers. However, the downside is that it may take a long time to confirm purchases. Follow these simple steps:
Step 1 – Link Bank Account
From the trading platform, you can choose the bank transfer option which will allow you to link the platform to your bank account. This will mean that whatever payments or other transactions you do will now be protected by end-to-end encryption from the moment you confirm the linkage.
Step 2 – Select Amount to Purchase
On the buying platform, all the prices for various cryptocurrencies will be displayed and you can select the amount of Bitcoin you wish to purchase based on your budget and CO2 requirements. Once done, you can confirm the purchase.
Step 3 – Wait for Bank Confirmation
Different banks have different waiting periods regarding online transfers. You should be prepared to wait for any period ranging from a few minutes to a few days.
FAQs
How Can I Buy CO2?
Buying CO2 is slightly complicated. However, the easiest way is to trade it with a paired currency such as Bitcoin or Ethereum. This can be done on one of two compatible decentralized platforms, which are DODO and Sushiswap.
What Is The Value of Carbonic?
The current market price for CO2 coins is $0.186, which is an all-time low caused by the crypto crash.
Is Making an Investment in Carbonic a Good Idea?
As far as crypto investments go, Carbonic CO2 offers a chance to be a part of something of global importance, which is combating climate change by reducing the carbon footprint. As the world puts more effort into reducing emissions, the value of CO2 coins will increase, making it a solid investment for the future.
BWCEvent aspires to share balanced and credible details on cryptocurrency, finance, trading, and stocks. Yet, we refrain from giving financial suggestions, urging users to engage in personal research and meticulous verification.
