Now that the technology has been applied to the stock market, more investors are trying to buy stocks on crypto with the use of digital payments. If you have an idea about the process of investing in crypto, you know that this process may give you a chunk of wealth if you have properly analyzed the crypto trend and created your financial strategies.
When the crypto markets mature, there will be more opportunities for investors and crypto enthusiasts to move their existing funds.
One of the newest areas of interest that investors can buy is the tech royalties market. Since crypto is done online, you can buy tech royalties by using your debit or credit cards, digital wallets, and online payment systems. If you are new to the tech royalties market, this guide will help you understand what it is and how you can buy tech royalties.
What Are Tech Royalties?
These are the funds that you will be able to receive once your investments have successfully been earned. If you have earned royalties, you will get tokens that can be traded for money using decentralized digital currencies like Bitcoin and Ethereum.
Buying tech royalties can be a bit of a process, but once you have understood the investing or buying process and analysis, you will be able to properly deal with and find the right approach to your investments.
How Do You Buy Tech Royalties in Crypto?
Before you can buy tech royalties, you need to buy cryptocurrency first. If you haven’t tried this yet, you need to set up a crypto wallet where you will keep the currencies that you have bought.
Buying Tech Royalties Using a Credit or Debit Card
Using your credit or debit card is the fastest way to buy tech royalties. Once you have set up your crypto wallet, you can now buy crypto through an exchange such as Coinbase. From there, you can follow the steps listed below to start buying tech royalties.
Create an account on Coinbase.
This is where you will exchange the crypto that you have bought using your card. Head to their website to start creating an account.
Enter your secured email address beside the Get Started box. To keep your account secured, access to the email address should be limited to you since you will be using it every time you access your Coinbase account. From here, you will be asked whether the account is for an individual or will be used as a business account.
Since this is regulated by the US government, the platform needs to verify your identity. You are required to use the name that is shown on your identification card.
Verify your Coinbase account.
Once you are done filling out the form, Coinbase will send you an email where you need to verify the email address that you have used in signing up. You just need to click on the link provided to continue verifying.
Another part of their verification process is your mobile number. This will be used in setting up two-factor authentication as part of your account’s security. This step is an added security layer since Coinbase will be sending you notifications through text messages on your verified number once there are activities in your account.
Set up your fund sources.
Since you will be needing cryptocurrency for buying tech royalties, using your credit card is the most recommended form of payment when buying crypto, but you may also buy from your bank account as well.
By using your credit card, you will be able to use the crypto immediately once you have purchased it. However, you are only allowed to purchase up to $750 worth of crypto as a new user.
If you opt to use your bank account as your source of funding, it will take at least 4 business days before you can use it for trading. You will not be able to purchase royalties immediately for trading.
Coinbase is a great place to buy cryptocurrency.
Since you have already set up your account, you just need to go to your BUYS pages to start purchasing crypto. Just select which crypto to buy and decide how much you are willing to invest.
Select your registered funding source, then click Buy.
Then open an exchange account that accepts royalties.
Now that you own crypto, you can now start exchanging it on an exchange platform of your choice. Once you have created your trading account, you need to transfer the crypto that you bought from Coinbase. These are transferred to the exchange of your choice through a wallet system.
Now you can start transferring crypto to buy tech royalties.
From the exchange page, you just need to access your crypto wallet by using your wallet ID. The system will generate a specific wallet ID for your account. Once done, you will need to wait for the crypto to confirm your transfer. This will take time since it needs to go through the crypto ecosystem.
Once the transfer has been confirmed, it will be shown in your exchange account.
After your transfer, you can now buy royalties at the market price. Understand the trading trend of the royalties so you can identify whether you will buy them at their market price or the limit price.
If you choose the limit price, you will be able to buy royalties for a specific amount. However, its price will depend on which crypto you are using to buy it. You can always check on Google its value, so you will know when it is the right time to trade.
Now that you know how to make investments in royalties, all you need to do is monitor the market’s value. Aside from royalties, there are also other cryptocurrencies you can invest in. You just need to do some research to know the trends in their value since the crypto market is not stable and values may increase or decrease instantly.