Where to Buy Cartesi – Beginner’s Guide 

What Is Cartesi?

Cartesi is the first Blockchain Operating System, enabling developers to build decentralized logic using standard programming environments, including Linux.

Unlike other blockchain-exclusive software, Cartesi makes use of software tools, libraries, and services that developers are already used to, fostering scalability while preserving the decentralization and security that blockchain technology is expected to offer.

The OS also enables the use of other traditional programming languages such as C++, Python and SQLite, while providing over 10,000x improvement in computational scalability for blockchain. Additionally, it is blockchain-agnostic, and currently supports all EVM chains including Ethereum, Binance and Polygon chains.

The primary goal of the Cartesi project is to simplify the development of applications by leveraging the tools developers are already comfortable with, in addition to providing off-chain storage and computational resources for the same.

CTSI Token

CTSI is the native token of the Cartesi network, designed to solve problems of scalability associated with blockchain applications.

Holders of the CTSI token can earn interest on their crypto by being part of a staking pool, where the maximum annual interest offered is almost 20%. The token is also used to pay fees for processing data on the network. Participants who assist in keeping the blockchain functional are paid in CTSI as well.

Cartesi Team

Cartesi was founded by Erick de Moura, Augusto Teixeira, Diego Nehab and Colin Steil in 2018.

Augusto initially wanted to build a trustless AI marketplace for data scientists. However, after joining hands with Serguei Popov, who was one of his friends and also the earliest investor and advisor for the company. They pivoted to developing a Layer-2 scaling infrastructure, or Cartesi as we know it today.

Over time, Cartesi has been successful in receiving funding from some reputable venture capitals including SNZ, SOSV, and Artesian to name a few.

Is Cartesi A Good Investment?

Major industry leaders, including Elon Musk, Jack Dorsey, and Michael Saylor, are bullish on crypto. And many believe that blockchain technology, often referred to as the foundation of Web3, is expected to scale significantly as years progress.

Developing software will be a major part of the web3 infrastructure & considering Cartesi allows developers to make use of traditional tools, it suffices to say Cartesi will play an important role in the process of building web3.

Consequently, the CTSI token too shows promise. And considering the price history, it is expected to offer decent returns over the years for investors willing to invest.

Cartesi Price

At the time of writing, Cartesi has been hovering around $0.15 and trading at $0.152, and in a bearish downtrend year to date in 2022.

The bear market – this year has dragged the price of most coins to significant bottoms, including Cartesi. The coin touched its all-time high last year, recorded to be $1.75 as per Coinbase. It was soon followed by a drop, a decent recovery and a gradual downtrend ever since.

The current price is down more than 90% from its record high, with a market cap of close to $87 million.

See our guide to the best crypto winter tokens to buy that performed well despite the adverse macroeconomic conditions.

CTSI Price Prediction

Altcoins in general show a quick recovery, if and when they recover, when compared to coins with a larger market cap. The current market cap of CTSI stands at about $87 million, and this is a relatively tiny value when compared to major coins such as Bitcoin and Ethereum.

Most of the selling pressure is now off, given the bear market that lasted more than six months. And the price is considered stable. The trading volume, too, isn’t much, and therefore any considerable buying order should put the coin in an upward motion.

Currently, the coin is trading at $0.152, below its 200-day simple moving average (SMA). The last time the coin displayed this value was at the start of the bull run last year. If it picks up anytime soon, the coin can reach a value of $0.23 by the end of the year. However, a significantly conservative estimate of $0.157 is also a fair prediction.

On the optimistic side, the coin is expected to reach $0.34 next year, however, few predictions expect the price to go as low as $0.1. A significantly lesser number than its current value.

Best Ways to Buy Cartesi

Cartesi can be bought using several payment methods. However, here are a few methods that users find most convenient.

Buying Cartesi using Debit/Credit Cards

Using a credit card is arguably the most convenient and quick method to purchase any crypto and not just Cartesi. The charges are around 2.99% of the purchase or deposit amount on most platforms. Users prefer eToro for buying crypto using debit or credit cards. That said, those who don’t mind waiting for a while to complete a transaction always have the option to go with bank deposits.

Buying Cartesi with PayPal

Most exchanges allow PayPal as a payment method to purchase crypto, and so does eToro. Along with Cartesi, there are 75 other cryptocurrencies available on the platform.

Buy Cartesi Without ID

Most popular exchanges have KYC as a mandatory requirement, however, Bybit is an exception. The platform allows users to buy & sell Cartesi without requiring any documents. But the transactions can only be made with digital currencies.

Users are required to submit their documents if they wish to do anything beyond that.

Best Wallet For Cartesi

All the exchanges featured above allow users to securely store their crypto in the digital wallets on the exchange. eToro wallet in particular supports more than 120 cryptocurrencies and has an in-app conversion feature with support for up to 500 cryptocurrencies.

Hardware wallets are always more convenient & secure. A variety of those are available in the market.

How to Buy Cartesi – Full Tutorial

Here is the complete guide to help you buy Cartesi.

Step 1: Create an Account on eToro

Go to the official eToro website – a simple google search of the name should get you there. Click on the Login button on the top right, followed by a click on the bottom that reads “Sign up”. You’ll be forwarded to a page that looks like this.

Enter your username, password and email, and accept the terms and conditions. The user is required to verify their email address before the process moves forward.

Step 2: Submit KYC documents

Next, users will need to upload the documents required to verify their identity. These include a photo ID and proof of address. This is a mandatory process required to fulfil the anti-money laundering regulations.

Although the expected time for verification is suggested to be a few days, ideally, this should be done within minutes. The team will inform users of any inconsistencies through an email if encountered.

Step 3: Deposit Funds

In order to buy any crypto, the next obvious step is to deposit your account with funds. There are multiple ways to do this, but the preferred option is credit and debit cards. Other options include bank transfers, PayPal and other digital wallets.

Complete the transaction & make sure your account is loaded with the appropriate funds.

Step 4: Search for Cartesi

Search for Cartesi in the search box and click on the token after it pops up.

An investment portal will open up where users will be able to see all the essential details about the coin. Such as the market cap, circulating supply, volume and historic returns. A news feed about the token should also be available.

Step 5: Buy Cartesi

On the top right of the screen, users will see a “Trade” button. Which will take them to a pop-up that asks them to enter the amount of crypto they intend to buy.

As a buyer, you’ll have to buy crypto worth at least $10. After you’ve entered the amount, click on “Open Trade” to confirm your order.

Users can also place limit orders on the platform.

How to Sell Cartesi

You can find your open positions on eToro under your portfolio.

To close your position, click on the visible red cross on the right side, followed by the ‘Close Trade’ button. You’ll have the fiat equivalent of the value of your sale right after you successfully complete it. Assuming you traded it for fiat currencies such as USD.

Conclusion 

Cartesi is a promising project, one that paves the way for Web3 to reach mass adoption. The Cartesi token has been showing a bearish trend, but so is the entire market. Investors willing to invest might consider the current price to be a good buying opportunity, given it is one-tenth of the ATH. That said, investors willing to wait may get a chance to buy the token at a lower price. As the crypto market downtrend is expected to last a while longer before the markets show a sign of recovery.