If you have any interest to buy Skull Order (SKULL), 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)
There have been several phishing cases reported over the past years that are imitations to the original site, it is essential to scrutinize the URL to the website keenly. First, be on the lookout for the ‘Secure’ certificate that should pop up in your address bar and that acts as a confirmation of the site’s genuineness. Second, to be extra safe while trading on the platform, ensure to bookmark the authentic site to evade any confusion in future searches.
1.2 Fill in your trading details
You have to fill in your details by going to the ‘’Register” tab found in the right-hand corner of the website’s page and fill in your trading details. For instance, you will need to fill in your mobile number or you choose to use your email address. For the email address, it is necessary to use your main email that you can access easily and the most secure one since you will need it to sign in to your Binance account always.
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)
To make your account more secure you need to allow use of a two-factor authentication after your first log in. Trust me; it is vital to set up the 2FA because it makes your account more secure from any hacking activity!
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 Skull Order (SKULL).
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.
- Move your mouse’s cursor to ‘Buy Crypto’ tab found on the top bar and activate the dropdown menu. Then choose the currency, For instance, US Dollars, and click the ‘Credit/Debit Card’ to lead you to the next step.
- You be led to the next page; in this page you will see options to choose the desired Bitcoin (Select BTC), and the amount you need to spend to buy your choice Bitcoin amount. The total amount you need to spend will be displayed according to the Bitcoin amount you request and the matching market price at that time (inclusive of all fees). However, you can choose to first set the total charge then the system will automatically calculate the order amount for you.
- Fill in your credit card details and personal information too. Once done, you need to click “Pay now” and give it a moment to verify your details.
- You will be required to verify your email and phone number if it happens to be your first simplex payment via a code send through your email or an SMS. Complete the verification process by opening the link in your email and type in the code you receive via SMS. Once you do all the above, you can click “Continue”.
- Verification of identity follows next via the use of an official document. Basically upload your identification document photo accompanied by your personal details and click the “Upload Document” tab.
Lastly, your personal document will be approved once verified by the system and an email send to show the confirmation of order purchase. Subsequently, your Binance account is credited with the purchased BTC or Ethereum.
Step 3: Creating a Metamask Account
Search for https://metamask.io website or search for “Metamask extension” in your computer’s browser (you can install Metamask for Chrome, Firefox and Opera browsers).
Below I will show you how to install MetaMask extension for Chrome.
Look for ‘Add to Chrome” then click it to install MetaMask as a Google Chrome extension.
Then, you have to click “Add Extension”.
If you do all the above, you will have successfully installed MetaMask extension. It is easy as that! Next, you need to add your existing cryptocurrency wallet.
Just create a cryptocurrency wallet if you don’t have one yet. It is easy to do so.
Once the extension is installed, then, click on the icon found in the upper right corner to open the MetaMask. Also, make sure to read and accept the terms.
Still, you need to create a strong password and ‘click Create’.
After clicking “create”, you will see a 12 words seed phrase. You need to save seed words as a file or copy them to a safe place and click “I’ve copied it somewhere safe”.
Congratulations! Now you have successfully created an account in MetaMask with a new wallet address!
Go to Etherscan (Ethereum blockchain explorer) to view your address, check the QR code, copy your wallet’s address to clipboard or export your wallet’s private key.
Step 4: Depositing ETHEREUM to your MetaMask wallet
Move your cursor to “account name” found at the top of the window, which will show “Copy to clipboard”
Next, click on the “account name” and copy your address.
Then, paste the copied address in the “recipient” field in the App where you are sending your ETHEREUM or tokens from.
Choose the amount you want to send, follow all the steps to complete and submit the transaction and make sure to choose transfer network “Ethereum (ETH) ERC20”.
Important to Note: You need to look for guidance from the organization of the App you are using for information on how to move your ETHEREUM/tokens.
Step: 5 How to Make Your First Trade on Sushiswap
To do this, you need to go to the Sushiswap exchange website.
It is found on the top right, then click the ‘Connect to a wallet’ button, and log in with the wallet you wish to trade with.
For this, log in with a MetaMask wallet.
After you have logged in, the trading window will appear.
In the top field, choose the token you wish to exchange for the token you want. Let us choose ETH. Once in the bottom field, look for the token you wish to buy, or choose it from the drop-down menu, in this case (SKULL).
Once you do all that you can place your preferred order. Also, you can either choose how much you want to spend by typing a number in the top field, or select how much to buy by typing a number in the bottom one.
Look at the bottom of the order menu; you’ll be able to view how much you can expect to get.
If you’re satisfied with the amount, just click the ‘Swap’ button.
After clicking your wallet will show require you to confirm the trade, and potentially set the fees to a number that works best for you.
Once you do all the above, then, confirm the transaction and it will then be processed. After it is done, your tokens will show in your ERC20 wallet.
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 Skull Order 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 Skull Order 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
- Has an easy design that allows the use on desktop or laptop, or even smartphone and tablet through Bluetooth connection.
- 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 Skull Order 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 Skull Order with cash?
The answer is No. Because there is no way you can directly buy Skull Order 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?
You can go to LocalBitcoins that is a peer-to-peer Bitcoin exchange. It is more of a marketplace where users can buy and sell Bitcoins to and from each other. Users, known as traders, make advertisements to show their price and the payment method they want used. Then buyers buy from the traders to buy from sellers in a particular nearby region on the platform. LocalBitcoins is after all a good place to go to buy Bitcoins when it is impossible for you to find your favorite payment methods somewhere else. The site’s prices are high and you have you have to be extra careful to avoid conmen.
What are the quickest ways I can buy Skull Order while living in Europe?
While in Europe you have the advantage of buying cryptos in an easy and quick way. Because Europe has even online banks which help buyers to simply open an account and transfer money to exchanges such as Coinbase and Coinmama. Such banks which are common as online banks in Europe are Bunq, N26 and Revolut.
Can I use alternative platforms to purchase Skull Order or Bitcoin with credit cards?
Yes you can, you just need to visit Changelly which an easy to trade in site especially when it comes to buying Bitcoin with credit cards. It provides an automatic cryptocurrency exchange that gives a buyer the opportunity to exchange crypto fast and buy them using credit card. It has been designed to allow users to have easy crypto buying since it has a simple user interface and provides instructions that are easy to follow too.
About Skull Order (SKULL)
- Skull Order
The Skull Order Ecosystem was idealized as a home for all traders of DeFi. Comprised by 2 DEXs with different purposes and a stable coin de-peg insurance protocol, the ecosystem shares a single token across all projects that makes them interconnected and allows for interactions to be centered around that same token. This in turn is expected to allow the value captured by the ecosystem to be funneled to $SKULL holders.
1.1. SkullSwap DEX
SkullSwap is a is an Automated Market Maker Decentralized Exchange (AMM DEX) with concentrated liquidity pools where simple swaps are expected to occur with. Skullswap is built on top of Quickswap’s framework and concentrated liquidity pools will be added by purchasing a license from Algebra.
Apart from performing simple swaps, users of SkullSwap can earn rewards in 3 distinct ways:
Provide liquidity to any of the incentivized pools in order to receive $dSKULL;
Single stake $SKULL on the “Bag o’ Bones” to accrue part of the fees collected from every trade executed on the platform in the form of $dSKULL. $dSKULL is the liquid staked version of $SKULL, which is designed to continuously appreciate over time by increasing the underlying amount of $SKULL it corresponds to.
$dSKULL (“Diamond SKULL”), as well as other tokens from a predetermined selection, can be single staked on Tower of Skulls in order to receive tokens from different protocols that integrate the list of partnerships of our ecosystem. Partners determine timeframes and amount for their token rewards distribution.
1.2. Cranium Exchange
Cranium Exchange is a decentralized perpetuals and spot exchange. This protocol allows users to trade perpetual futures contracts of digital assets with as much as 30x leverage.
Apart from trading, people can stake $SKULL on Cranium to earn a portion of the fees collected in the form of $FTM. Users can also put their digital assets to work by providing liquidity to $SLP, an index of assets used for swaps and leverage trading on Cranium, automatically staked on mint. Liquidity Providers will earn a majority of the fees collected (70%) in the form of $FTM and some $esSKULL (escrowed version of Skull token) emissions. $esSKULL is not meant to be transferred between users and can be vested linearly over the course of a year to become standard $SKULL tokens. Holders of $esSKULL can also stake their tokens to earn some more $esSKULL as well as a portion of the fees collected.
1.3. Depeg Finance
Depeg Finance is a stablecoin de-peg insurance protocol where users can buy or sell insurance against a specific stablecoin depeg event determined by a fall below a certain strike price. Just like an insurance policy, the buyer must pay a premium to the underwriter to compensate for the risk they are incurring in this operation and, in case the de-peg event occurs, insurance buyers will receive the amount available on the underwriter’s vault to cover the losses realized during the period. $SKULL can also be staked on Depeg to earn a portion of the fees generated by the protocol.
1.4. The Ecosystem’s Tokens
- $SKULL token is a key component of the entire ecosystem and can be used across different protocols. By staking $Skull on the different protocols that compose the Skull Order Ecosystem, you can earn a share of that specific protocol revenue.
- $dSKULL, also known as Diamond Skull, is the liquid staked version of $SKULL on Bag o’ Bones, a single stake vault on SkullSwap where a portion of the generated revenue is sent to reward $SKULL stakers. Rewards on SkullSwap are distributed in this token with corresponding $SKULL being deposited on the vault from the launch at a starting rate of 1:1. $dSKULL is a deflationary token. It starts at a value of 1 $SKULL and is expected to increase permanently as more fees from SkullSwap trades are sent to Bag O’ Bones, increasing the ratio of $SKULL in the vault to $dSKULL in circulation.
- $esSKULL, the escrowed version of the $SKULL token, is the token distributed by Cranium Exchange as rewards. These escrowed tokens can be staked just like $SKULL tokens and earn the same rewards rate but need to be vested linearly over the course of a year to become standard $SKULL tokens thereby become transferable. Since $esSKULL is not mean to be traded, it can only transferred if one changes the account hey belong to on Cranium.
1.5. Skull Order NFT (SON) sale
The Skull Order NFT (SON) collection is a limited edition offering of 5,000 unique NFTs, each with its own unique characteristics. The collection offers a total bonus of 987,400 $esSKULL tokens, which serves as a reward for early adopters of the collection. The initial price of the NFTs is 500 FTM and each NFT comes with an initial power of 10,000 and a bonus of 250 $esSkull. SON collection has 50 tiers of 100 NFTs each. The price of minting an NFT will increase and power as well as the $esSKULL reward decrease by 1% with every 100 NFTs minted.
The funds generated from the sale of the Skull Order NFTs will be allocated towards various key initiatives for a successful launch and sustainable development of the Skull Order Ecosystem.
15% of the funds are allocated towards providing initial liquidity for the $SKULL token. 60% of the funds are destined to be added as liquidity for the SLP pool. This SLP position will be responsible for generating a significant part of NFT stakers’ yield.
In addition, 3% of the funds are allocated towards marketing efforts, helping to increase awareness and adoption of the ecosystem. 7% of the funds are allocated towards the treasury, ensuring the long-term stability, funding daily operations as well as ecosystem development. The remaining 15% of the funds are allocated to funding other initiatives such as running a Fantom validator node which requires staking a significant amount of FTM tokens. The timeline for acquiring a node, however, will be dependent on the performance of the sale and on the value accrued to the treasury.
The $SKULL token has a total supply of 7,000,000 tokens. $SKULL is the backbone of the entire Skull Order Ecosystem and can be staked on all protocols but only earned on Cranium Exchange and SkullSwap. Here’s how it is allocated:
– 46% of the supply allocated to the SkullSwap protocol
– 56% of the supply allocated to the Cranium Exchange protocol.
Regarding SkullSwap’s $SKULL allocation, 30% of the tokens are destined for initial liquidity (locked). 44% are dedicated to farming rewards, which are distributed as $dSKULL. The partnership program will receive 16% of the tokens, while 3% is allocated for development funds, the team, and project development. These tokens are distributed/vested over 3 years, except Project Development (2 years) and Partnership Program (4 years).
Remaining 1% is dedicated to Airdrops and will be distributed at the team’s discretion.
Regarding Cranium’s allocation, all tokens come in the form of $esSKULL. 26% of the tokens are distributed to buyers of Skull Order NFTs, as a bonus from the NFT Sale hosted on Cranium Exchange. 20% of the tokens are allocated as rewards to $SKULL and $esSKULL stakers, while 40% go to rewards for SLP stakers. The DAO fund receives 7% of the tokens, and the development fund receives the remaining 7%. These tokens all require vesting linearly over a period of 1 year.
- Skull Order’s role in Fantom’s DeFi market
Cranium and SkullSwap represent Skull Order’s play in the DEX sector. This is sector of DeFi that is not just crucial but one capable of consistently capturing significant value over time. The goal is to provide all the features and tools that DeFi users need in their activities. When a user desires to make a simple swap between tokens, his needs can be optimally satisfied by SkullSwap through its concentrated liquidity pools. Note that after purchasing the necessary license from Algebra, Skullswap will be the first protocol to support the technology in the Fantom ecosystem. This differentiating factor will allow SkullSwap to be more efficient than leading Dexes on Fantom. The efficiency gains will result in better pricing for traders as well better returns for liquidity providers. Furthermore, if one is looking to employ a more elaborate trading strategy, Cranium Exchange is the protocol to head to, given it supports leverage trading with no price impact.
Depeg represents Skull Order’s move in the exotic options market. We intend to launch Depeg sometime after Feb 20th, the date on which SkullSwap and Cranium will be launched.
We believe Skull Order to be a first of its kind and a new approach towards DeFi development. Having multiple projects share a single token with yield-earning opportunities on all of them is expected enable the $SKULL token to capture more value, therefore becoming more stable and the overall ecosystem to be more sustainable. We also plan to deploy more projects that will make up Skull Order. One of these will likely be a lending protocol, albeit nothing has been confirmed so far.