Wajdi Alkayal
Power Ledger coin or POWR is needed to buy from top Power ledger sites in 2022
Up over 350% in the past year, Power Ledger has proved itself as one of the hottest cryptocurrencies on the market. More broadly, the crypto market gaining substantial momentum over the past few years.
If you don’t want to miss out on this growing opportunity, then read our guide on how to buy Power Ledger Coin in 2022. We will cover our top brokers, coin history, and future price predictions.
Where to Buy Power Ledger Coin in 2022
With Power Ledger making such encouraging price moves, it has attracted a plethora of interest from investors. As a consequence, it is available on most popular crypto exchanges. To save you the effort of researching yourself, we have devised a list of our top 5 crypto exchanges to buy Power Ledger coins.
- eToro – Pay zero commission when buying and trading Polkadot
- Binance – Supports a whopping 500 coins
- Coinbase – Trade over 100 different cryptocurrencies
- Webull – Trade popular cryptos at a $1 minimum
- Kraken – Pick your account type depending on how you’d like to invest.
Where to Buy Power Ledger Coin (POWR) – Top Exchanges Reviewed
Now we have briefly introduced our top five crypto exchanges to buy POWR, let’s take a closer look at each one.
eToro – overall best broker to buy and trade Power Ledger
Our top broker to buy Power ledger with is eToro. A key reason behind this is that it charges zero commission on unleveraged trades and is FCA Regulated meaning your funds are protected by the FSCS Scheme.
It has an easy to navigate interface making it great for beginner investors. Accounts can be set up easily either using the mobile app or by visiting the website.
eToro supports copy trading and social investing. These functions allow investors to connect with eToro’s 20 million other users to share trading information, whilst also copying some of the platform’s top-performing portfolios.
In terms of costs, eToro charges a $10 inactivity fee if accounts are left untouched for over 12 months. To withdraw funds, users must also pay $5. eToro makes the rest of its money from charging fixed spreads on trades.
Real positions can be opened once the minimum deposit of $10 has been added to your account. This deposit can be added using numerous payment methods including debit/credit card, bank transfer, and e-wallet payments such as Paypal and Skrill.
Pros:
- 0% commission
- Supports social and copy trading
- FCA regulated
Cons:
- Inactivity fee
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Binance
Our second broker pick is Binance. Binance is the largest crypto exchange, giving investors access to over 500 crypto pairs. What’s good about Binance is it offers advanced analysis tools to analyse markets, and so could be a good choice for more seasoned investors.
You can set up an account easily, either online or via the smartphone app. All you have to do is provide a username and password to get started. In addition to this, Binance offers 24/7 customer support if anything ever goes wrong with your account.
Pros:
- Access to over 500 cryptocurrencies
- Good for advanced analysis
Cons:
- Not available worldwide
Your capital is at risk.
Coinbase
Our third broker is Coinbase. Coinbase gives investors access to 100 cryptocurrencies and is free and easy to download on IOS and Android. It is also available on the desktop.
Setting up an account is easy and all that’s required is a username and password. In addition to this, Coinbase will give you a crypto wallet recovery key. It is important that you remember this as if you ever become locked out of your account, you will need to use this to re-access it.
Unfortunately, Coinbase charges rather high commission fees of 1.49%. For comparison, eToro and Webull are cheaper alternatives.
One way around that fee is to use their attached exchange Coinbase Pro, which charges a 0.1% fee or less (with a high 30-day trading volume) when you place a limit order.
Pros:
- Access to over 100 cryptocurrencies
- Easy to use platform
- Available on both smartphone and desktop
Cons:
- High fees
Buy Power Ledger coin on Coinbase.
Your capital is at risk.
Webull
Our fourth selection is Webull. Like eToro, it charges zero commission on trades making it a great value for money broker to trade with. In addition to this, there is no minimum deposit. This means that as little as $1 can be added to your account to buy Power Ledger. However, this may not be the smartest investment strategy!
In addition to this, Webull supports extended market trading (although this is not applicable to cryptocurrency as markets are open 24/7). Also, Webull allows investors to select an account type based on different investment strategies, which is a great feature to be aware of.
Pros:
- Zero commission
- No minimum deposit
- Personalised accounts
Cons:
- Limited product portfolio
Your capital is at risk.
Kraken
Our fifth and final broker to buy Power Ledger with is Kraken. You can easily set up an account in minutes using either the desktop website or the smartphone app. What’s good about Kraken is you only have to have a $10 minimum deposit.
In terms of fees, Kraken’s commission changes trade by trade. However, the maximum commission is 0.26%, meaning it’s never a super expensive option as a broker. The website is easy to navigate around, making it a great option for beginner investors.
Pros:
- Easy to use platform
- Offers beginner guides to trading
- Only $10 minimum deposit
Cons:
- Only 50 crypto pairs
What is Power Ledger?
Power ledger is a token built on the Ethereum blockchain that powers the Power Ledger platform. This enables peer-to-peer energy trading. Branding itself the “Power behind new energy”, it enables the trading of energy, flexible services, and environmental commodities. It offers a portfolio of products to do this, each differentiated by the client solutions they provide. Power Ledger coin has also been considered one of the top 5 best new cryptocurrencies to buy in 2022.
Should I Buy Power Ledger Coin?
Considering the move towards renewable energy, a Power ledger could be a great long-term investment option. For example, the Paris Agreement has been signed by 191 countries, which aim to be net-zero by 2050. If this is achieved, then one could assume that a renewable energy trading platform would generate significant interest/utility.
What’s more, the decentralized nature of this platform means that transactions are faster, safer, and more reliable than current networks. This is what sets the Power Ledger project aside from many other coins – it yields real-world utility. Therefore, it is likely to outlive many other zero utility ‘hype’ coins, hence proving a great investment.
Power Ledger Price
At the time of writing, the Power Ledger price is $0.52 (£0.38). This marks a 363% rise over the past 365 days, highlighting the coins growing presence in the crypto market, which is expected to remain bullish in 2022.
Power Ledger Prediction
Predicting the price of such a volatile asset is no easy task, however, coins that yield real-world utility may be significantly better investments in the long term than those that do not.
One risk of investing in smaller cap cryptos like Power Ledger is that they usually move in line with Bitcoin and the other leading coins. This means that regardless of their high utility and potential if the broader crypto market is struggling then they are also likely to be dragged down too.
However, Bitcoin made over 50% returns in the last 12 months (2021 – 2022), outperforming the S&P 500, almost all hedge funds, and doing significantly better than Gold which lost 4% of its value.
A potential risk that could impact the Power Ledger price is that only 46% of its supply is currently being circulated. This means that as more coins are circulated, the price could dilute and drop significantly.
How to Buy POWR Coin (POWR) in 2022 – Tutorial
Now we have analysed Power Ledger, let’s take a closer look at how you can purchase it using our partnered broker eToro.
Step 1: Set up an account
The first step is to set up an account with eToro. This can be done quickly and easily by visiting the website and clicking the sign-up button, then entering your personal details.
Step 2: Verify your account
Before adding funds to your account, it must be verified. This can be done by providing a driver’s license, and proof of address. eToro will verify these documents within minutes.
Step 3: Add funds to your account
Now your account is verified; you can add funds to it. To do this, you can use the payment methods discussed above.
Step 4: Search for POWR
Now your account is funded, simply use the search bar to find POWR coin and add it to your account!
Conclusion
With the crypto market growing at such a rapid rate, now could be a great time to build a stake in it. Power Ledger gives you the opportunity to do just that. What’s more, it offers huge real-world utility and has risen over 350% in the past year. Therefore, we believe it could be a great long-term crypto investment.
If you are interested in buying POWR coin, we recommend visiting our partnered broker eToro. It charges zero commission and is FCA Regulated. It also gives you access to over 2000 financial assets including 120+ cryptocurrencies and provides a free crypto wallet to safeguard your digital assets.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk. Additionally, 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
FAQs
What is POWR Coin crypto?
POWR coin is the token coin of the Power Ledger project.
Can I invest in a Power Ledger?
Yes, you can invest using our 5 selected brokers, eToro, Webull, Binance, Coinbase, and Kraken, and hold it for the long-term as it should increase in value with future adoption.
Is POWR on Coinbase?
Yes, POWR coin is on Coinbase.
Where can I buy POWR Coin?
You can buy POWR coins from our 5 selected brokers, eToro, Webull, Binance, Coinbase, and Kraken.
Is POWR Coin a good investment?
Many believe that due to the real-world utility of POWR, this altcoin could be a great crypto investment.
Where can I sell POWR token?
You can sell POWR on all the exchanges we explored above. These were eToro, Webull, Binance, Coinbase, and Kraken.
