Cryptography is increasingly being introduced into our daily lives. Cryptocurrencies are gaining more and more features that bring them closer to fiat currencies. Not only can you buy it, you can also earn it.
What is STEPN (GMT)?
STEPN runs on the Solana blockchain and is sold as a “Web3 Life Application.” It’s essentially a fitness app with GameFi elements.
STEPN aims to revolutionize the fitness industry through gamification. Users are rewarded with tokens to encourage them to lead a healthier lifestyle. To join the community, you need to download the app, create a wallet, and purchase NFT sneakers.
As the project is at a very early stage, only single-player mode is available to earn tokens by walking, jogging, and doing regular physical activities. In the near future, we plan to release a marathon mode with regular races over a variety of distances.
Rewards are calculated in Green Satoshi (GST), a fraction of the GMT token. As of this writing, GMT ranks 76th in the ranking of cryptocurrencies by market capitalization. Currently, the exchange rate between STEPN and USD is close to 1:1. Like other cryptocurrencies, it can be accumulated, sold, and exchanged for other assets.
Where do I exchange GMT?
STEPN is traded on several reputable exchanges. The token can be used as part of a trading pair with other cryptocurrencies and some fiat currencies.
Binance
Binance is the industry leader today. Futures, deposits, staking, margin and spot trading are the trading types available on the site. The exchange supports over 700 cryptocurrency/cryptocurrency and cryptocurrency/fiat trading pairs. Deposit replenishment is possible in almost all ways that exist today, and the site supports about 60 fiat currencies.
Binance has a user-friendly interface and features multiple trading programs for traders with different experience levels. Numerous educational materials will help beginners, and demo accounts allow you to learn the basics of trading or test strategies without risking real money. You can trade on desktop and mobile devices.
KuCoin
This cryptocurrency platform has been around since 2017 and is one of the most competitive players on the market. KuCoin fees are much lower than its closest competitors. The trading platform supports spot and margin trading, futures trading, and staking.
Deposit replenishment is possible via cryptocurrency wallet, bank card or bank transfer. KuCoin ecosystem uses its own token.
This is a great platform for traders of all levels. Beginners will find it convenient with its simple interface, demo account, and trading bot. Experts will appreciate the additional features and variety of coins that are relatively unknown and promising assets. In particular, KuCoin allows WAN to dollar conversion operations.
At the end of September 2020, KuCoin was hacked. However, the team responded quickly to the incident and returned most of the stolen money. Security measures have been strengthened following this incident.
The account registration process is standard and does not require verification. However, it is best not to ignore it.
Kraken
Kraken.com was founded in 2011 and is currently considered one of the safest cryptocurrency exchanges. The platform supports over 100 coins and tokens and 7 fiat currencies. Users have access to margin trading and futures trading.
Kraken has a flexible commission system, with the commission size depending on trading volume over a 30-day period. Using this approach, the average commission for active traders is lower than the industry average. Exchange deposits and withdrawals are possible through SWIFT, SEPA, banks, and domestic remittance.
Beginner traders can find all the training materials they need here. The registration process is standard and fast enough.
Let’s Exchange
Instant exchange service LetsExchange is one of the best in its segment. There is no need to spend time registering to exchange STEPN with over 700 supported coins. To complete the transaction, it is enough to enter the required fields of the exchange widget step by step. Recalculation at the current exchange rate, search for the most profitable deals, selling coins and transferring purchased assets to your wallet are performed automatically.
The service does not charge additional fees and works without restrictions on the amount and number of transactions.