Table of Contents
Cryptography is increasingly being introduced into everyday life. Cryptocurrencies are acquiring more and more features that bring them closer to fiat money. They can not only be bought, but also earned.
What is STEPN (GMT)?
STEPN runs on the Solana blockchain and is marketed as a “Web3 Life Application”. It’s essentially a fitness app with GameFi elements.
STEPN aims to revolutionize the fitness industry through its gamification. It encourages users to lead a healthier lifestyle by rewarding them with tokens. To join the community, you will need to download the app, create a wallet, and purchase NFT sneakers.
Since the project is very young, only the single player mode is available for earning tokens while walking, jogging and everyday physical activity. In the foreseeable future, it is planned to launch a marathon mode with regular races for different distances.
The reward is calculated in Green Satoshi (GST), fractional parts of the GMT token. At the time of writing, GMT is ranked 76th in the cryptocurrency ranking by market capitalization. The current exchange rate STEPN to USD is close to 1:1. It can be accumulated, sold, exchanged for other assets, like any other cryptocurrency.
Where to Exchange GMT?
STEPN is traded on many reputable trading floors. The token is available as part of trading pairs with other cryptocurrencies and some fiat currencies.
Binance is the industry leader today. Futures, deposits, staking, margin and spot trading are types of trading available on the site. The exchange supports over 700 Crypto/Crypto and Crypto/Fiat trading pairs. Deposit replenishment is possible in almost any of the currently existing methods, and the site supports about 60 fiat currencies.
Binance has a user-friendly interface, the functionality provides for several trading programs for traders with different levels of experience. A large number of educational materials will help beginners, and a demo account allows you to learn the basics of trading or test a strategy without risking real money. Trading is available from desktop and mobile devices.
This crypto platform has existed since 2017 and is one of the most competitive players in the market. KuCoin fees are significantly lower than those of its closest competitors. The trading platform supports spot and margin trading, futures trading, and staking.
Replenishment of the deposit is possible from a crypto wallet, bank cards or by bank transfer. The KuCoin ecosystem uses its own token.
This is a great platform for traders of all levels. Beginners will come in handy with a simple interface, a demo account and a trading bot. Pros will appreciate additional features and a large selection of coins, among which there are relatively little-known promising assets. In particular, WAN to dollar conversion operations are available on KuCoin.
At the end of September 2020, KuCoin was hacked. However, the team quickly responded to the incident and most of the stolen money was returned. After this incident, security measures were tightened.
The procedure for registering an account is standard, verification is not required. However, it is better not to neglect it.
Kraken.com was founded in 2011 and is now considered one of the safest crypto exchanges. The platform supports over 100 coins and tokens, 7 fiat currencies. Users have access to margin trading and futures trading.
Kraken has a flexible commission system, the size of the commission depends on the trading volume for 30 days. With this approach, the average commission for active traders is below the industry average. Deposits and withdrawals on the exchange can be made through SWIFT, SEPA, bank and domestic transfers.
Novice traders will find here all the necessary training materials. The registration procedure is standard and fast enough.
Instant exchange service LetsExchange is one of the best in its segment. You don’t have to spend time registering to exchange STEPN for any of the over 700 supported coins. To complete the transaction, it is enough to fill in the required fields of the exchange widget step by step. The recalculation at the current rate, the search for the most profitable deal, the sale of coins and the transfer of purchased assets to the wallet are performed automatically.
The service does not charge additional fees and works without restrictions on the amount of the transaction and their number.