Popular crypto platform eToro has announced some new assets in an effort to keep the wheels going despite a market dip. Each asset provides some resilience to the current market meltdown and represents a new use case that, in the long run, will be better for the crypto community. One of the three cryptocurrencies added to eToro this week is Amp (AMP). The inventors of Amp define it as a “new digital collateral token that provides instant, verifiable assurances for any type of value transfer.” Any type of value transaction can be insured by staking Amp, including digital payments, fiat currency exchange, loan payouts, and property sales. If AMP is the latest digital token that you want to add to your portfolio, this guide will help you understand how to buy it with an SEC-regulated broker within minutes. How to Buy AMP Coin – Quick Steps ✅ Step 1: Open an eToro Account To get started, create an eToro account. To do so, select the ‘Join Now’ option and complete the relevant fields. Then upload a copy of your ID to verify your account. ? Step 2: Deposit Funds Fiat currency deposits are free at eToro, and US customers just need to deposit $10 to get started. You can pay using a debit/credit card, PayPal, a bank wire, or any other supported method. ? Step 3: Search for Amp Coin To get straight to the relevant investment page, search for ‘AMP’ and click ‘Trade.’ ? Step 4: Buy Amp Coin Finally, tell eToro how much you want to invest in AMP, starting with $10. Click ‘Open Trade’ to confirm. Buy AMP Now Your capital is at risk Let’s get into the finer points of how to buy AMP coin now that we’ve covered the fundamentals. Continue reading to discover out. Where to Buy AMP Coin? 1. eToro – Overall Best Place to Buy AMP Coin in 2023 At the top of our list of the best places to buy AMP coin is eToro, a registered online platform that was created in 2007. With eToro, you can buy AMP on a spread-only basis, which means that your charge will be the difference between the buy and sell price at the time of the order, instead of standard fees. According to eToro, spreads on cryptocurrency transactions start at just 0.75 percent when buying Bitcoin. While funding your eToro account in US dollars, there are no deposit fees. All accepted deposit and withdrawal methods, including debit/credit cards, ACH, online banking, and domestic wire transfers, are subject to this rule. eToro’s minimum deposit requirement for US users is only $10. Because eToro permits fractional crypto purchases, all you need is $10 to buy AMP. In addition to AMP, eToro supports over 60 additional digital assets. eToro‘s most popular coins include Bitcoin, EOS, Cardano, Litecoin, Dogecoin, Ethereum, and XRP. Binance Coin (BNB) can also be purchased with a 2.45 percent average spread. eToro also offers traditional asset classes such as US and foreign shares, ETFs, FX, indices, and more. The eToro Crypto Portfolio is an excellent alternative if you want to buy AMP while also getting exposure to other digital assets. The Crypto Portfolio on eToro is a passive financial instrument that allows you to buy a variety of cryptocurrencies at varied weights with a single investment. Because eToro manages the portfolio, you won’t have to worry about research or continuous upkeep. You can buy AMP currency on eToro’s main website or through its iOS/Android app, depending on the supported platforms. The Securities and Exchange Commission (SEC) regulates eToro, and it is registered with the Financial Industry Regulatory Authority (FINRA) as well. Being one of the leading crypto staking platforms, eToro is also a great alternative for AMP staking. Pros When compared to other prominent exchanges, it has a larger pool of popular coins. Commission rate of 0% Competitive spreads available epending on the type of cryptocurrency. Copy trading tool enables investors to imitate other traders’ trades. Offers Virtual Portfolios and myriad educational tools for first-time investors. Social connectivity of users available. Available on both desktop and mobile devices. Easy to use mobile application. Fee transparency. Virtual balance on the demo account is $100,000. Cons Not available in a few states in the United States. Investment possibilities are limited. Traders searching for advanced technical analysis may not find it useful. Fees for withdrawals Fees for inactivity Visit eToro Now Your capital is at risk 2. Coinbase – User-Friendly Platform to Buy AMP Coin Today If you’re looking for a user-friendly cryptocurrency platform that makes it simple to buy AMP coin, Coinbase might be the right broker for you. This well-known platform, which was formed in 2012, is now a publicly-traded stock on the NASDAQ. With tens of millions of customers on its books, Coinbase has a good reputation in the market. To purchase AMP coins on Coinbase, you must first create an account and provide proof of identity. Then you can pay for your digital tokens straight away with a Visa or MasterCard deposit. The cost of buying AMP coin with a debit or credit card on Coinbase is nearly 4%, which is rather high. Coinbase includes hundreds of other digital tokens in addition to AMP, making it a great platform for those looking to diversify their holdings. We favour the broker despite its high costs because of its top-notch security protocols. When you log in from a new device or IP address, for example, you’ll be asked to verify your identity with an email code. Also, two-factor authentication must be enabled by all account users. Client digital tokens are also kept offline 98% of the time. Pros Easy to use Cheap bank withdrawal fees Varied security options Live chat support enabled Cons Fewer cryptocurrencies listed on exchange compared to others like Binance Unable to short coins Expensive fees on debit card transactions Complicated KYC compliance requirements Does not support credit cards anymore Does not support ApplePay and GooglePay anymore Visit Coinbase Platform Now Your capital is at risk 3. Crypto.com – Simplest Place to Buy AMP Coin with Debit Card Crypto.com has become one of the most prominent cryptocurrency exchanges on the internet today. The exchange’s goal is to provide consumers with a straightforward, low-cost way to invest in digital assets. Once you’ve completed the process of registering a Crypto.com account and validating your identity, you may buy AMP coin with a debit card. Crypto.com charges a 2.99 percent commission when buying AMP in this way. The platform, on the other hand, waives this fee for the first 30 days after signing up. In addition to AMP, Crypto.com has over 250 additional digital tokens. Besides the standard exchange and trading services, Crypto.com offers a comprehensive range of other digital asset products. The platform, for example, offers a Visa-backed pre-paid debit card that can be used to buy goods and services online and in stores, as well as withdraw cash from an ATM. With the Crypto.com Earn tool, you can also earn interest on your idle bitcoin assets. Crypto.com also offers a mobile wallet that supports over 250 different digital currencies. The platform also serves as an NFT exchange, letting users to buy and sell NFTs with AMP and other cryptocurrencies like Ethereum. Pros Wide variety of crypto assets available for trade. Low fees on cash transfers when compared to other crypto platforms. Transparent fees, and there are a number of reductions available. Great for mobile-first users because of its basic and clear user interface. Transactions using a wide range of fiat currencies are possible DeFi tokens available on the platform All pertinent information such as investment premiums, supported assets, and account-related directions communicated transparently Visa cards can be used to spend cryptos and earn incentives Interest rates higher than even the highest-yielding savings accounts Assistance with taxes is provided. Cons Purchases made with a credit or debit card have comparatively high fees. Some services are still unavailable in the United States. Crypto-to-crypto trading not possible currently Customer service could have been more thorough. Trading fee savings difficult to navigate. Difficult to find educational resources. Visit Crypto.com Platform Now Your capital is at risk 4. Binance – Buy AMP with Crypto at Just 0.10% Per Trade If you’re looking for the cheapest way to buy AMP coin from the comfort of your own home, Binance is an excellent choice. Due to its exceptionally low prices, this top-tier exchange is presently used by over 100 million dealers. Binance will only charge you a 01.0% fee when you trade AMP for a supported digital currency like Bitcoin, Ethereum, BNB, or USDT. However, your capacity to deposit payments in Bitcoin is required to take advantage of the cheap charge structure. This is because depositing cash using a debit or credit card costs 4.5% and buying AMP with USD costs an additional 0.5 percent. If you use the Binance US website, you get have access to over 60 other digital currencies. Both large-cap blockchain assets like Bitcoin, Ethereum, and Cardano, as well as less liquid ERC-20 tokens, are included. Regardless of how you wish to pay for your AMP investment, Binance offers a range of storage options. This includes its own Trust Wallet programme, which also gives users access to PancakeSwap, a well-known decentralised exchange. Pros Account creation takes only a few minutes. Low fees Hundreds of cryptocurrency pairs available. Multi-currency wallet that is safe and secure Setups for basic and advanced trades Liquidity in abundance Plenty of educational resources Several deposit options available. Cons Complicated platform not ideal for beginners. Has run into regulatory issues in a number of nations. Visit Binance Now Your capital is at risk 5. Bitstamp – Good Choice for Fee-Conscious Investors Bitstamp is a good alternative for fee-conscious crypto investors because its trading fees are lower than those of many of its competitors. This crypto exchange is simple to use, making it suitable for both novices and advanced traders. It offers a basic cost structure where your trading fees are calculated depending on your 30-day trading volume. For users with less than $10,000 in 30-day trading activity, the highest trading cost on Bitstamp is merely 0.50 percent. Users that trade larger quantities every month save a lot of money on fees. On Bitstamp, there isn’t much of a learning curve when it comes to trading cryptocurrency. It is one of the more user-friendly cryptocurrency exchanges for those who are entering crypto trading for the first time. Bitstamp was one of the first cryptocurrency exchanges to open in 2011, and it has since outlasted the competition to become the longest-running exchange. In a market where many exchanges fail or face severe regulatory challenges, that consistency is a great selling feature. The exchange also offers Tradeview, an active trading platform with more extensive charting features and trading forms, in addition to its regular platform. Bitstamp allows users to trade 75 different cryptocurrencies. Although not the largest, this exchange features a good assortment of coins, including many of the most popular as well as some lesser-known cryptos. Pros Competitive trading fees Easy to use interface Advanced features also available Simple to use, high-rated mobile application Diverse cryptocurrency pool to choose from Cons Some major cryptocurrencies that traders might be interested in are missing from the platform Staking program not that attractive Was hacked in 2015 exposing safety issues Visit Bitstamp Now Your capital is at risk What is AMP? Amp is a platform for collateralizing asset transfers that can be expanded. It effectively decentralizes the risk of asset transfer through the usage of collateral pools, making it ideal for fraud-proof networks and real-world applications. Amp uses staking as a mechanism to ensure the security of transactions. Smart contracts are used in staking to freeze assets until the transaction is validated, after which the money is released to the receiving party. Developers can construct their own apps that use Amp to encrypt transfers because it is open source. Amp also makes it easier to distribute network rewards after a transfer is completed. Micro-distributions and continual compounding are two built-in incentive schemes in the Amp smart contracts. Amp was built by the parent company Flexa, an open-source digital payment processing network. Flexa ensures transactions are made using digital dollars from the United States and Canada, as well as a variety of loyalty tokens and digital currencies. Amp happens to be the preferred token on the Flexa network. The token is ERC20 compliant. On-chain collateral managers, also known as smart contracts, are built into these AMP tokens, and they lock and release AMP as collateral for transactions involving other cryptocurrencies. Visit eToro to Buy AMP Now Your capital is at risk Is AMP a Good Investment? Given the token’s resiliency in the face of the recent crypto market crisis, it is reasonable to say Amp is a good investment. Amp serves a legitimate purpose: it secures asset transfers, preventing fraud and default without requiring a third party to verify or enforce the contract. According to Securities.io, anyone can use the Amp network. All that is required is a digital wallet that is compatible. Another advantage of Amp is that it is pretty widely used. The Flexa technology is already used by over 40,000 merchants in the United States to execute digital transactions –– transactions that might be collateralized by amp. Collateral as a Service Amp collateralization has been thoroughly tested and audited, and it is freely available to anybody. Apps that lock and unlock Amp on demand to secure transfers, facilitate lending, and move value more swiftly are simple to create. Extensible and Open Source Amp was created with the goal of being as adaptable and future-proof as possible. Because Amp is open source, you can design and deploy bespoke collateral managers for your app to interact with Amp on your own terms. Non-Inflationary Existing implementations benefit from improved liquidity and decentralization when new projects adopt Amp, which minimizes volatility and improves collateral quality due to the token’s fixed quantity. The token’s strength despite the current crypto dip also supports its independence from inflationary environments. Asset-Agnostic Amp makes no distinction between consensus mechanisms or asset types. It can be used as collateral for any type of transaction, whether digital or physical. AMP Price Today The current Amp price is $0.008556, with a $5.55 million 24-hour trading volume. The current market capitalization is $361 million. There are 42 billion AMP coins in circulation, with a maximum supply of 92 billion AMP coins. AMP Price Prediction AMP presents the concept of predetermined partition techniques that enable collateral models, allowing to stake the token without ever giving its address. This is why AMP enables faster transaction speed without compromising privacy. Because the AMP token is deflationary and has a finite quantity of 100 billion tokens, it improves collateral quality by lowering volatility. These features and advantages make it seem to have strong growth potential in the future. Talking about its price performance, AMP was priced at $0.0095 and remained at that level until the beginning of February. Following that, the token began to steadily increase in value until a price spike occurred on February 13th. After that, the market remained somewhat positive, peaking in mid-April and early May. The situation worsened in the summer, with AMP’s bullish rise in June taking it to an all-time high of $0.109 on June 16 before falling below the $0.0791 support level. The price has been bouncing in the same range for about 5 months, sustaining above the $0.04 support level. The price of AMP has lately risen as a result of its launch on the Binance and eToro platforms. AMP token might be considered an excellent short-term investment due to its unique features and multiple application cases. It is anticipated to reach $0.4 in 5 years. Invest in AMP Now Your capital is at risk Ways of Buying AMP The best way to buy AMP depends on the payment method you choose. When you choose one of the top-rated brokers listed above, you may pick from the following deposit options: Buy AMP with Debit or Credit Card After you’ve opened an account with an authorized online platform like eToro, you will be able to buy AMP with a credit or debit card. This payment option has the advantage of allowing you to invest in AMP tokens right away since your chosen broker will debit your card and then add the digital assets to your portfolio. On the other hand, some brokers charge high fees for credit and debit card transactions. Crypto.com charges 2.99 percent, while Coinbase charges 3.99 percent. Fee-free USD-backed credit and debit card deposits are accepted by eToro. Buy Amp Using PayPal There are a few options available if you want to buy AMP coins with PayPal. For example, you can complete the transaction after opening a confirmed Coinbase account. However, as with credit/debit card payments, fees are 3.99 percent of the transaction amount. If you use eToro, you may buy AMP with PayPal without paying any deposit fees. Buy Amp Without KYC Verification If you wish to buy AMP without having to go through a KYC process, you’ll only be able to do so if you have a cryptocurrency wallet. That is, you can use an illegal exchange to deposit Bitcoin and trade the tokens for AMP. If you want to buy AMP using fiat money by credit/debit card or PayPal, you’ll nearly always be asked to upload some sort of identity as part of the anti-money laundering procedure. Best AMP Wallet Now that you have learned how to invest in AMP coin, you’ll need to think about how you want to hold your digital assets. This is the case because AMP tokens are frequently housed in private wallets that may be downloaded as a mobile app or a desktop program. Some of the major players in this sector include Phantom Wallet, Sollet, and Solflare Wallet. These wallets provide you complete control over your AMP money, and only you have access to your private keys. As a result, you’ll need to implement a number of security measures to protect your AMP tokens from being hacked remotely. With that in mind, if you’re looking for a more beginner-friendly alternative, you might want to look into the eToro Money Crypto Wallet. Checkout eToro Wallet Now Your capital is at risk How to Buy AMP Crypto – a Tutorial If you’re looking for a step-by-step guide to purchasing AMP coin in a secure and low-cost manner, whether to invest in it or to use it to purchase the best NFTs, the steps below will walk you through the process utilizing top-rated broker eToro. This SEC-regulated platform, as previously noted, not only allows you to participate in AMP on a spread-only basis, but also only requires a $10 minimum trade. Step 1: Open an eToro Account Go to the eToro website and establish an account to begin the AMP investment process. When you click the ‘Join Now’ button, a form will appear. Fill out the form with your full name and contact details. When you select the ‘Create Account’ option, you will be asked for additional information such as your home address, date of birth, and social security number. Step 2: Upload ID On eToro, you must first authenticate your identity before purchasing an AMP coin with US dollars. Because this is an automated process at eToro, you shouldn’t have to wait more than 1-2 minutes after uploading the necessary documents. To prove your identity, upload a copy of your state ID card, passport, or driver’s license, as well as a bank account statement or utility bill to confirm your address. Step 3: Deposit Funds To purchase AMP coin, you must first fund your eToro account with a minimum of $10. eToro takes a number of different payment methods, including Visa, MasterCard, and ACH, to mention a few. E-wallets such as PayPal and Neteller are instances of accepted e-wallets. No fees will be charged on your chosen deposit method as long as the payment type is denominated in US dollars. Step 4: Search for AMP At the top of the eToro AMPboard, there is a search box. Now you can start typing ‘AMP’. eToro will then choose AMP from a drop-down selection of suitable markets. When you see AMP, click ‘Trade.’ Step 5: Buy AMP Now all you have to do is tell eToro how much money you want to invest in AMP coins. This can be any amount in US dollars, starting with $10 and continuing all the way up to $10,000. To confirm your investment, click ‘Open Trade.’ Buy AMP on eToro Now Your capital is at risk Conclusion AMP is one of the most promising cryptocurrencies to invest in 2023, because of the project’s underlying blockchain, which allows for massively rapid, low-cost transactions. If you wish to add AMP coin to your portfolio right now, the process takes about five minutes with SEC-regulated service eToro. You may pay for your AMP tokens quickly and without fees with a debit/credit card or an e-wallet, and eToro only requires a $10 minimum capital outlay. Read More: These are the Best Bitcoin Alternatives Here’s How You Could Invest in DeFi eToro - Our Recommended Trading Platform Our Rating CySEC, FCA & ASIC regulated - Trusted by Millions of Users Trade Crypto, Forex, Commodities, Stocks, Forex, ETFs Free Demo Account Deposit via Debit or Credit card, Bank wire, Paypal, Skrill, Neteller Copytrade Winning Traders - 83.7% Average Yearly Profit Open Free Demo Account 68% of retail investor accounts lose money when trading CFDs with this provider. FAQs Where can I get AMP the cheapest? After examining a number of leading cryptocurrency brokers and exchanges, we discovered that eToro is the best place to buy AMP. It just takes a few minutes to set up a verified trading account, and you may buy AMP tokens with a debit/credit card, e-wallet, or bank transfer. Is Amp a good investment? AMP token might be considered an excellent short-term investment due to its unique features and multiple application cases. It is anticipated to reach $0.4 in 5 years. Is it possible to buy AMP using PayPal? PayPal's list of approved crypto marketplaces does not include AMP. However, eToro, an SEC-regulated broker, accepts PayPal for AMP purchases.