If you have any interest to buy Oddz (ODDZ), you will be required to have either Bitcoin abbreviated as (BTC) or Ethereum (ETH) for trading purposes. I have reviewed the major cryptocurrency exchange Binance in this post to help you determine the best sites to buy cryptocurrency using a credit card or bank account. Take a read and get tips on the best cryptocurrency trading.
Step 1: How to create a Binance account:
1.1 Visit Binance’s Website (https://www.binance.com/en)
1.2 Fill in your trading details
You also need to choose a strong password for your email; a strong password should comprise a mix of numbers, symbols, upper and lower-case letters. You will receive a 6-digit code via the email you provided as your account’s verification code and for completing the registration process.
1.3 Allow 2FA-Two-factor authentication (Optional)
Every time you log in with the two-factor authentication, you will need to provide a unique code once your type in your email and password. To get your unique code, use the Google authenticator app downloaded into your smartphone.
Step 2: Buying your first Bitcoin (BTC)
To send money to your Crypto wallet account on Binance either directly via your bank account through SWIFT money transfer or you can opt to use your debit/credit card. For this part, I will guide you on how to use your credit card.
Binance previously didn’t allow the use of credit or debit cards on its platform, but the same has been introduced. Binance partnered with Simplex to allow its users to use their credit and debit cards to buy Bitcoin or Ethereum. This has led to faster Crypto transaction speeds, low transaction charges, and more transaction flexibility.
I highly recommend buying Bitcoin first and then trading it for the right amount of Oddz (ODDZ).
It is easy to purchase Bitcoins via your credit card but I will elaborate on best ways you can do it step-by-step to make sure you understand all the trading nitty-gritty.
Step 3: Transferring Your Cryptos to an Altcoin Exchange Gateio
Now let me show you how to purchase Oddz (ODDZ) using your investment from Binance.
But, not every crypto be traded in Binance we need to transfer our coins to an exchange that Oddz (ODDZ) can be traded.
So, let me guide you to gate.io which is a famous exchange to trade altcoins. Use the link below to register your new account.
If you have completed similar processes as we’ve done before with Binance we are ready to transfer our Bitcoins.
Step 4: Depositng BTC to Exchange
After you have created your trading account setup at one of the exchanges that trades Oddz (ODDZ), you will need to transfer your BTC from Binance to that specific exchange.
You have to do this using a wallet system. Then, deposit BTC to gateio Click “Deposit” from the top right menu. You need to look for the search box, type “BTC” and click deposit button and copy the given “Deposit Address”.
The process may be difficult but don’t worry, it is easier than a bank transfer. Once you copy your unique BTC wallet address go back to Binance.
Then, move your cursor to “Wallet” on the right hand side of the topbar and once the popup shows up, click on “Fiat and Spot (Deposit & Withdrawal)”.
Look for BTC in the list and click on “Withdraw” on the right hand side. Then, paste the deposit address you just copied from the other exchange and select BTC as the transfer network.
Next, type the amount that you want to withdraw (you may click the Max button if you want to withdraw all). Then, you click on the Submit button to begin with the withdrawal process.
To continue with the withdrawal, Binance may ask you for your 2FA code and also you will have to confirm the withdrawal with an e-mail.
That is all you need to do, now you should wait for a few seconds so that the blockchain to confirm your transaction.
Step 5: Trading Oddz (ODDZ)
Now, you need to go back to Bitmax to buy Oddz (ODDZ) with the Bitcoins you sent.
Then move your mouse over to trading and then click standard under cash trading. Next, in the left column make sure to select “BTC” pair and in the search bar type in “ODDZ”.
After you have moved your coin click on it and now you will see a price table of ODDZ/BTC in the middle of the page. Select the “Market” tab as that is the easiest way of buying orders.
Or you can either choose to type in your amount or choose what portion of your BTC deposit you would like to spend on buying, by clicking on the percentage buttons.
Once you have confirmed everything, click “Buy ODDZ”. Now you own your ODDZ!
Other Exchanges to Buy Cryptos
The following are other sites you can buy from these exchanges:
HotBit (Which permits US investors)
MXC (This exchange allows US investors)
On top of the above-listed exchanges, there are some more common crypto exchanges where daily trading volumes and a huge user base is available. This helps to ensure that you can sell your coins any time you want and the charges for the trading are not high. It is recommended that you should also register on these exchanges because whenever Oddz gets listed there it give the traders who have already registered a large amount of trading volumes, that means you will be provided with some great trading opportunities!
Final Step: How to Store Oddz securely in hardware wallets
1. Ledger Nano S
- Easy to set up and has a friendly trading interface.
- Allows use on desktops and laptops
- Lightweight and Portable too
- Has been designed to Support most blockchains and a wide range of (ERC-20) tokens
- Has many trading languages.
- Designed by a well-established company found in 2014 with great chip security
- It is not expensive but can be acquired at affordable price
2. Ledger Nano X
- It made with a more advanced and secure element chip (ST33) than Ledger Nano S
- Also Lightweight and Portable and has a built-in rechargeable battery
- Has a Larger screen
- Comes with more storage space compared toLedger Nano S
- It supports most blockchains and wide range of (ERC-20) tokens
- Provides several languages for every customer
- It was designed by a famous company found in 2014 with great chip security
- Can be obtained at an affordable price
If you still have plans to stay at hodl” as some people call it, basically misspelt “hold” (which become famous as time passes) your Oddz for some long time, you need to find ways to ensure it stays safe safe,
However Binance is the most safe cryptocurrency exchange, in the past few years there have been hacking incidents and funds were lost. Because of the design of the wallets in exchanges, they will be accessible always via the internet (“Hot Wallets” as they are called), therefore exposing certain aspects of weaknesses.
Thus safeguard your cryptos by putting them in “Cold Wallets”, where the wallet will only have access to the blockchain(or simply “go online”) when you send out funds,. This reduces the chances of being hacked. For example, use a paper wallet which is a type of free cold wallet. It can also be defined as an offline-produced pair of public and private address and that you write on a paper for keeping safely with you. But, it is not permanent and may be faced by certain risk.
Thus, Hardware wallet is therefore the best compared to cold wallets. Since they are usually USB-enabled devices that can hold the key information of your wallet in the safest manner. Also they are designed using military-level security and their firmware’s are continuously upgraded by their manufacturers and this makes them extra safe to use. For example, Ledger Nano S and Ledger Nano X and are most common hardware wallets, you can buy one at $50 to $100 depending on the specifications they have. I highly recommend these for holding your assets because these wallets are a worthy every penny according to my experience and opinion.
Frequently Asked Questions
Is it possible to buy Oddz with cash?
The answer is No. Because there is no way you can directly buy Oddz with cash. But, using marketplaces such as LocalBitcoins to first buy Bitcoin, and completethe rest of the steps by transferring your bitcoin to respective AltCoin exchanges.
How do I Buy Bitcoin from local sellers?
What are the quickest ways I can buy Oddz while living in Europe?
Can I use alternative platforms to purchase Oddz or Bitcoin with credit cards?
What Is Oddz (ODDZ)?
Oddz aims to build a multi-chain options and derivatives trading platform on Binance Smart Chain, Polkadot and Ethereum, enabling users to trade customized options with rewards. It will be leveraging layer 2 solutions and relayer networks to solve the latency and lowering the gas fee for Ethereum transactions.
The project was founded in late 2020, and the whitepaper was published on Mar. 1, 2021 and an initial DEX offering (IDO) was held on Mar. 18, 2021, selling 900,000 tokens to hundreds of supporters. It was already backed by several industry leading investment funds, including AU21 Capital, Woodstock and NGC ventures.
Who Are the Founders of Oddz ?
Oddz team is unique among the majority of crypto projects because it is led by a female CEO, Aishwarya Shivakumar, while all of the startup leadership is of Indian descent.
Aishwarya Shivakumar, before founding Oddz, had several positions where she was responsible for social media marketing in Indian companies such as Etudemy and Laetus, lasting from 2-10 months. She has a bachelor’s degree in electrical, electronics and communications engineering from the Global Academy Of Technology
Shreedhar Shreenivasa is a co-founder and CTO at Oddz. Before joining the project, he was been a software developer at Uber for three years, tech lead in Practo, UI developer at Flipkart and front end engineer at Cleantrip.com
Krupa Sagar(Principal Engineer) has ten years of experience building production-ready software employing scalable architecture, distributed computing, microservices, test-driven development, cloud & on-premise infrastructure.
Bhargav Kacharla is a senior software engineer with prior experience at Rakuten, OpenText and Tata Consultancy Services and has certified level of blockchain knowledge.
Kantharaju Gowda is a chief business development officer at Oddz, previously working at Bounce, RCube and for seven years at Cleantrip.com. He has a bachelor’s degree in economics from the University of Mysore.
What Makes Oddz Unique?
As projected, Oddz will facilitate the creation, maintenance, execution and settlement of trustless option contracts, conditional token agreements and futures contracts, acting as some sort of an automated market maker (AMM). It aims to become a player in the DeFi ecosystem by simplifying derivatives trading and enhancing the user experience. Key proposed features include blockchain-agnostic seamless integrations with DeFi platforms and multi-chain trade, customizable automated options, zero gas fees and an inbuilt oracle to accurately retrieve real-time market data.
The ODDZ is the native utility token representing the Oddz Protocol and its ecosystem. The token is the central point of the incentivization structure on the Oddz Protocol and its governance models. It will be used for the following: protocol transaction fees, staking and yield farming, decentralized governance, referral bonuses and as a reward mechanisms for providing and validating accurate data. Staking in Oddz works by the following principle: the user locks his tokens to facilitate transactions and then earns a share in settlement fee. The mechanism of decentralized governance for Oddz is not yet described, but it will allow users to actively participate in major protocol proposals and upgrades.
Learn about yearn.finance, one of the biggest names in DeFi ecosystem
New to DeFi? Learn more about it here.
Crypto newbie? Discover everything you need to know with Alexandria, CoinMarketCap’s dedicated education resource.
Check out our blog for the latest news in crypto and blockchain.
How Many Oddz (ODDZ ) Coins Are There in Circulation?
The maximum total supply is 100,000,000 ODDZ coins.
According to the plan, 8% is allocated for Seed Sale, 15.8% will be allocated to private sale with tokens vested for 12 months with 15% released at the TGE, 0.5% tokens are allocated to early supporters and 1.2% tokens will be allocated during the public sale.
Oddz Finance will have 42% tokens allocated for its own operations, including 18% for platform and community development, 4% for security and alignment fund, 10% for marketing and 10% in a reserve fund.
Only 15% of tokens will become staking rewards.
The Oddz founding team and advisory board will be allocated 16.5% ODDZ with a vesting schedule of 3 years with 25% being unlocked every six months after a six months cliff.
The initial circulating supply of $ODDZ token will be 9,220,000, i.e. 9.22% of the total aggregate supply. This would comprise 800,000 from seed investors, 2,370,000 from private investors, 1,700,000 from both early supporters and public sale, 1,800,000 from the ecosystem, 150,000 from strategic rounds, 400,000 from the security & alignment fund, 1,000,000 from marketing and 1,000,000 from reserves.
How Is the Oddz Network Secured?
ERC-20 merely defines a set of rules for tokens, as well as security considerations mainly related to the strength of the Ethereum network. For example, congestion can hike the price of gas needed to perform transactions, leading to delays and abnormally high transaction fees, which impact all participants.
Separately, smart contracts can cause security issues that could lead to DeFi traders losing funds; in fact, hackers have already succeeded in stealing millions of dollars in DeFi’s short lifetime as of March 2021.
Where Can You Buy Oddz (ODDZ)?
ODDZ has only recently become available into the market, so the number of places where one can buy it is yet limited as of March 2021. Available exchanges for trading in Oddz are currently Uniswap (V2), Bilaxy, and 1inch Exchange with trading paris against Ethereum. You can find others listed on our crypto exchanges page.