The team behind Casper is on a mission to solve the elusive blockchain trifecta — offering security, scalability, and decentralization all within a single protocol. If you want to know how to buy casper, look no further. Our ultimate guide covers what you need to know about the network and how to purchase and store its native CSPR coin.
Do you want to buy CSPR? Use and test these exchanges
Best for demo and spot trading
Best for margin trading and futures trading
Best for copy trading
Methodology for selecting the top platforms to purchase CSPR
When selecting the top exchanges to purchase CSPR, BeInCrypto tested platforms over a six month period to ensure only the best platforms were recommended. This process was exhaustive and took into account many factors. Some of these include:
• Availability
• Fees, security
• User-experience
• Features
• Products
Platforms
• BingX: BingX is a cryptocurrency exchange founded in 2018 that offers a variety of trading options for its users, including spot trading, derivatives trading, copy trading, and asset management. It has a spot trading fee of 0.1%.
• KuCoin: KuCoin supports more than 200 countries, 20 languages, and has a trading volume of almost $3 billion, making it a very liquid platform. Additionally, Kucoin also offer a proof of reserves for customer assurances.
• OKX: OKX is available in more than 100 countries and is considered an all in one exchange, due to its variety of products. The exchange also publishes a proof of reserves.
• Ramp Network: Ramp Network is an instant exchange that is supported in more than 150 countries. The platform charges a minimum fee of €2.49 for purchases under €2,500.
• ChangeNOW: ChangeNOW is a non-custodial service that facilitates rapid crypto exchanges. It does not require users to create accounts or undergo KYC for most of its services, and it aggregates prices across multiple exchanges for the best rates.
The exchanges displayed here met our requirements for the top exchanges to purchase CSPR. They harbor the aforementioned attributes of an exchange that is best suited to fulfill customers needs and wants. Our methodology selecting the top platforms to purchase CSPR was methodical, fact-checked, and peer reviewed for accuracy.
To learn more about BeInCrypto’s verification process, navigate here.
What is Casper?
Casper is a generalizable proof-of-stake (PoS) blockchain. In other words, it supports programmability, smart contracts, and decentralized applications (DApps) that crypto enthusiasts have become accustomed to.
The team behind the blockchain promotes it as enterprise-grade, built for businesses, and made to accommodate developers. In fact, it uses the WASM code environment to accelerate developer adoption.
Casper Labs was created by Mrinal Manohar and Medha Parlikar in 2018, who also co-authored the Casper protocol. Before we go any further, It is important to note the difference between Casper, Casper CBC, and Casper Labs.
Casper Network is the protocol or blockchain itself. Casper Labs is the team or organization that builds and manages the blockchain. Lastly, Casper CBC is a family of consensus protocols. It was created by Vlad Zamfir, who helped build Ethereum.
How does Casper work?
Casper is a Turing-complete blockchain that has smart contract capabilities. Developers can use Casper as a base chain and build decentralized exchanges (DEXs), rollups, and other applications on top.
It is also a PoS blockchain. In other words, you can stake CSPR, its native coin, for the right to produce blocks and validate transactions on the blockchain in exchange for profit.
Why is Casper popular?
Casper is a layer-1 altchain built to rival Ethereum. It has gained popularity in part due to its publicized partnerships with companies like INX or Ramp and notable price spikes, sometimes after such announcements.
The blockchain also offers scale without sacrifice — unique and highly coveted qualities in decentralized ecosystems. The chain also boasts high speed alongside sustainable energy usage, making CSPR popular with web3 enthusiasts looking for eco-friendly cryptocurrencies.
Casper vs. other cryptocurrencies
Compared to other cryptocurrencies, CSPR is still a baby. As of Nov. 2, 2023, one CSPR sits at less than a dollar, sitting at about $0.03. The market cap is $413 million, and the 24-hour trading volume is $3.8 million. This pales in comparison to a bitcoin or XRP.
Bitcoin currently sits at $35,463, with a market cap of $692.5B and a trading volume of ten trillion. While XRP is slightly closer in price to CSPR, sitting at $0.6157, it blows Casper out of the water in the other categories. XRP has a market cap of $33.1B billion and a trading volume of $1.7 billion.
Casper vs. Ethereum
When compared to Ethereum, Casper has a few tradeoffs. For instance, while Ethereum has a block production time of about 12 seconds, Casper has a block time of about 32 seconds.
“Casper Network $CSPR upgradable smart contracts will be a need for enterprise adoption. Enterprise is where the big money is. Enterprises needs change and flexibility. $CSPR provides that. This is necessary for huge adoption. People sleeping on $CSPR will miss huge wealth.”
@jatinsipan: Twitter
Additionally, Casper only has 100 validators and 27,752 delegators. Ethereum has almost 852,000 validators, which implies that Ethereum is more decentralized. Lastly, 74% of CSPR’s total supply is staked, while 22.7% of ETH’s total supply is staked. This might also imply that Casper is more secure. However, because Casper’s validator set size is so small, this does not necessarily translate to more security.
Casper ecosystem
When it comes to the Casper ecosystem, the DApps are relatively sparse. Most revolve around staking or NFTs. EggForce is a community-driven metaverse game that exists on Casper.
There is also CasperPunks and CasperTigers. Which, as the names imply, are NFT projects. Moreover, you can bridge your assets using the Dot Orcale bridge.
What are the best casper wallets?
A number of wallets support CSPR, including three key dedicated Casper wallets that allow you to buy and store the coin: CasperDash, Casper Wallet, and Casper Signer.
Other options include the likes of Ledger, Trust Wallet, and KuCoin.
Casper staking
As stated previously, Casper is a PoS blockchain. You can also delegate your stake to validators. For staking, you will need the Casper Signer wallet. The cost for delegating your stake is three CSPR.
Staking on Casper currently offers an APY of 9.5% but can fluctuate. Casper Network does not presently have a minimum or maximum required stake. It is also important to note that Casper currently does not have a slashing mechanism.
How to buy casper (CSPR)
Many leading centralized and decentralized exchanges offer support for CSPR. While the procedures to buy CSPR remain similar across these platforms, there might be slight variations. For this guide, we’ll use OKX as our primary example, given its prominence and user-friendly interface in the crypto trading world.
Step 1: Create an account
To start with OKX, first, sign up on the platform. After providing the necessary details, you’ll be prompted to complete the Know Your Customer (KYC) verification. This step ensures secure and compliant trading. Once verified, you’re set to explore and start buying CSPR.
Step 2: Choose a currency and payment method
Click “Buy Crypto” on OKX to see available options for buying CSPR. Options include:
- Express buy (visa, MasterCard, and others)
- P2P trading where you can buy/sell with zero fees via 100+ payment methods
- Third-party payment (Banxa, Simplex, and others)
Step 3: Pick your payment method to buy CSPR
Take note that there may be real-time fluctuations in the exchange rate. Ensure you choose the best payment method that suits your needs, and check the preview before buying.
Step 4: Store or trade CSPR
Once purchased, store CSPR in your personal crypto wallet or use it for trading. OKX offers various trading options, including spot trading, futures trading, and more.
How to buy casper with a credit card
To buy casper with a credit card, you first have to choose a reliable and compatible exchange. OKX is again a good option here, but Uphold and MEXC also offers this service. Register an account, then add your credit card details to buy CSPR. Place an order, confirm your transaction, and then move your CSPR to a secure wallet for safer storage.
Where to buy CSPR
If you are looking for the best platforms to buy CSPR, consider the following options:
Ramp Network
Since Ramp Network teamed up with Casper, we’ve found it’s become much easier to diversify our portfolio with CSPR. This strategic partnership has opened up new doors, allowing straightforward purchases directly through Ramp. It’s this kind of collaboration that really adds value to our trading experience, offering both convenience and variety in our crypto investments.
OKX
Our time buying and trading Casper on OKX has been quite smooth. The platform’s global reach means we’ve access to a diverse market, which is great for experimenting with different trading strategies. We’ve particularly enjoyed the mix of spot and derivative options for Casper trading, giving us the flexibility to adapt to market changes. OKX’s reliability and comprehensive market offerings have made it a favored choice for our Casper trades.
KuCoin
KuCoin’s competitive fees have been a game-changer for us when trading Casper. The platform’s focus on altcoins, including Casper, has allowed us to broaden our trading horizons. We’ve also been making the most of KuCoin’s trading discounts, which have significantly enhanced the cost-effectiveness of our transactions, making it a smart choice for our regular trading activities.
ChangeNow
Trading casper on ChangeNow has been a seamless experience, combining the best of both DEX and CEX worlds. We appreciate the non-custodial aspect, which ensures peace of mind over our holdings while simultaneously letting us enjoy the convenience typically found in centralized exchanges. The platform’s instant exchange feature has been key, enabling us to execute quick trades without missing out on market opportunities.
BingX
Our experience with BingX while buying casper was accentuated by its comprehensive range of trading features. The platform’s spot, derivatives, and especially the copy trading options are handy for traders of all experience levels — perhaps more so for the novice trader. You can learn a lot by mirroring the moves of experienced traders on BingX, which is not only educational but also potentially quite profitable in the long run.
All of the above exchanges are secure, safe, and beginner-friendly options to buy CSPR. As demonstrated above, buying CSPR on OKX is quick, easy, and intuitive. If you’re looking to buy casper anonymously and avoid KYC requirements, you must choose a decentralized exchange, such as Uniswap.
Casper: Should you buy into the hype?
It is important to remember that there are certain risks to any investments. Therefore, you should remain aware of the advantages and weaknesses of investing in Casper.
Pros
- Technology is tailored for developers that use Web Assembly (WASM)
- Doesn’t favor the EVM-centric ecosystem but instead chooses to try something new
- Native staking and delegation
- Has secured strategic partnerships
Cons
- Low volume/market cap or low liquidity for CSPR
- A low number of validators and possibly less decentralized
- Not very many DApps
Big risks and bigger rewards?
Casper is an innovative smart contract platform that deviates from conventional approaches. While this presents both opportunities and risks, Casper’s innovative solutions to the blockchain trilemma make the well-priced CSPR worth a look. Ultimately, if you are keen to buy casper, it’s always important to first do your due diligence. Only buy into projects you believe in, and never invest more than you can comfortably afford to lose.
Frequently asked questions
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Disclaimer
In line with the Trust Project guidelines, the educational content on this website is offered in good faith and for general information purposes only. BeInCrypto prioritizes providing high-quality information, taking the time to research and create informative content for readers. While partners may reward the company with commissions for placements in articles, these commissions do not influence the unbiased, honest, and helpful content creation process. Any action taken by the reader based on this information is strictly at their own risk. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
