How to Buy Anchor Protocol (ANC) in 4 Easy Steps

Price updated 3 mins ago

Quick Answer:

You can buy Anchor Protocol and have it in your wallet in less than one hour in 4 simple steps:

  1. Find the best exchange that sells Anchor Protocol.
  2. Register a new account.
  3. Fund your account.
  4. Buy Anchor Protocol.
ANC
$0.011940203583327

These steps are simple if you know where to buy Anchor Protocol cryptocurrency -- but knowing where to buy is the hard part.

Many cryptocurrencies are only offered on less well-known exchanges, and finding the best place to buy Anchor Protocol (ANC) and then figuring out if that exchange is trustworthy is more than most people - even experienced crypto traders - can handle!

We've done all the hard research for you. Let's get started.

Step 1Find the Best Anchor Protocol Exchange

Ultimately, doing your own research in crypto is the best way to learn the processes of moving your money, finding promising investment opportunities, and buying and selling cryptocurrencies.

We have done years of work to make this as simple as possible for you.

Why You Should Trust Our Recommendations

346

We started with 346 crypto exchanges.

We start by evaluating our comprehensive list of 346 exchanges that we have spent 7+ years and 600+ hours gathering data on.

36

Only

36

of these exchanges sell Anchor Protocol.

We then filter down the entire set of possible marketplaces to only the ones that have active ANC markets.

17

Only

17

of these exchanges have $100m in daily trade volume.

We then remove any exchanges that don't have adequate trading volume to make buys and sales of all sizes.

6

Only

6

remaining exchanges received a 7/10 Trust Score.

We give each exchange a trust review rating using history, longevity, proof of reserves, and reputation.

1

Apply our editorial review process to rank the remaining exchanges.

We manually review the remaining candidates to declare a winner.

The Winner is Kraken

VISIT Kraken Read Review
Reasons we ♥ Kraken
Top-Notch Security
Advanced Trading Options
Educational Commitment
Competitive Fee Structure
Exceptional Customer Support
CRYPTOCURRENCIES: 254
FUNDING:
Bank Transfer (ACH)
,
Wire Transfer
,
Paypal
,
SEPA
,
Interac
,
BLINC
,
CHAPS (ClearJunction)
,
FPS (ClearJunction)
,
SWIFT
,

Step 2Register Your New Account

Registering for a Kraken account is a straightforward process designed to give users quick access to its cryptocurrency trading services. The process emphasizes both ease of use and security, ensuring a smooth start for new users.

Here's a step-by-step guide on how to register:

  1. Visit the official Kraken website.
  2. Click on the "Create Account" button located in the upper-right corner of the homepage.
  3. Enter your email address, choose a username (which cannot be changed later), and create a strong password.
  4. Read and agree to Kraken's Terms of Service and Privacy Policy, then click the "Create account" button.
  5. Check your email for an activation message from Kraken, which will include an activation key.
  6. Enter this activation key on the account activation form, or click the link provided in the activation email.
  7. Confirm your password and complete any required captcha verification.
  8. Once these steps are completed, your Kraken account will be successfully created and ready for use.

Step 3Fund Your Account

Once you have registered or logged in to your account at , there are several funding methods you can use to buy Anchor Protocol cryptocurrency.

You can buy Anchor Protocol on using:

Please select listing to show.

  • Bank Transfer (ACH) 3-5 business days processing time
  • Debit Card Instant processing time
  • Wire Transfer 1-3 business days processing time
  • Paypal Instant processing time
  • Apple Pay Instant processing time
  • Google Pay Instant processing time
  • SEPA 1-3 business days processing time
  • EFTCAD 3-4 business days processing time
  • Interac Instant processing time
  • SGD Transfers 2-3 business days, Same day for a fee processing time
  • 3D Secure Card UK Instant processing time
  • Easy Bank Transfer UK Less than 2 hours processing time
  • Faster Payments UK 1-3 business days processing time
  • Instant Card Cashouts UK Instant processing time
  • PayPal UK Instant processing time

Step 4Buy Anchor Protocol (ANC)

After registering and funding your account at , you should be able to buy Anchor Protocol after your deposit finishes processing. After you receive your ANC, make sure to secure it and follow best security practices to avoid losing it scams or hacks.

Best Anchor Protocol Exchanges

Anchor Protocol is also available on these exchanges:


Frequently Asked Questions

Yes, Anchor Protocol is safe to buy. It is listed for trade on some of our top-rated exchanges including Binance, Zengo, Coinbase Exchange, Bybit, OKX, Kraken, KuCoin, Gate.io, BingX.

You can buy Anchor Protocol instantly at Binance, Zengo, Coinbase Exchange using their instant buy feature or a credit card.

Yes you can buy less than one (1) ANC. Cryptocurrencies in general are divisible to 16 decimal places.

To buy Anchor Protocol, you will need to deposit funds into your exchange account - which usually has no fees - and then buy ANC, which will incur a trading or purchase fee; usually 0.1-3% depending on the exchange.

You can buy $1 of Anchor Protocol at Binance, Zengo, Coinbase Exchange.

Anchor Protocol Investment & Buying Guide

How and Where to Buy Anchor Protocol (ANC)

South Korean Fintech company Terraforma Labs founded Anchor Protocol in March 2021. Daniel Shin and Do Kwon are the co-founders, and built the TerraUSD blockchain protocol together. The Terra platform hosts one of the largest stablecoins by market cap, $UST, as well as the TerraLabs token is $LUNA.

Previously, Do Kwon was CEO of a start-up, Anyfi, that provided decentralized wireless mesh networking solutions. He also boasts experience working with Apple and Microsoft as a software engineer.

Daniel Shin was co-founder of ecommerce platform Ticket Monster andFast Track Asia, a start-up incubator helping entrepreneurs to build operational companies

What Is Anchor Protocol (ANC)?

Anchor protocol is a high yield lending and borrowing platform where users depositing stablecoins can earn up to 19.5% APY. Those lending $UST can benefit from low volatility and attractive rates, and borrowers can use their $LUNA tokens as collateral without losing control of their holdings.

The Anchor protocol is attractive for investors seeking low-risk, low volatility opportunities for a high yield. Their investment increases the demand for $UST and mainstream adoption of the Terra project in decentralized finance (DeFi).

“Anchor is a decentralized savings protocol offering low-volatile yields on Terra stablecoin deposits. The Anchor rate is powered by a diversified stream of staking rewards from major proof-of-stake blockchains, and therefore can be expected to be much more stable than money market interest rates.” – Anchor Protocol website.

$ANC is Anchor protocol’s native crypto token. Deposited $ANC creates new governance polls and users that stake $ANC have the right to vote. $ANC also captures a percentage of the Anchor protocol’s yield, which means its value can scale in line with Anchor’s Assets under management (AUM).

What Makes Anchor Protocol (ANC) Unique?

Unlike many similar protocols in the money market space, Anchor has a user-friendly interface and uncomplicated functionality. Anchor’s primary purpose is to connect lenders with borrowers:

  • Borrowers can receive a stablecoin loan without losing their investments. When they bond $LUNA tokens, they receive bonded $LUNA ($bLUNA) and can borrow up to 60% of their $UST collateral deposited. The interest rate is marginally higher than the interest paid to lenders. 
  • After 21 days, the bonded $LUNA can be unbonded, and the borrower receives $ANC tokens as a way to increase its adoption
  • Lenders can gain highly attractive interest rates on their assets. By connecting a Terra Station wallet and depositing $UST, lenders pay a small transaction fee but can earn up to 19.5% APY for each block transaction (approx. 8 seconds) on a pro-rata basis

The Anchor protocol uses the profits from the spread between lenders and borrowers’ interest rates to earn between 5-7% APY staking rewards on Terra. The Anchor Yield Reserve acts as a treasury to cover costs if rates do not reach a state of equilibrium. For instance, to safeguard protocol stability, Terraform Labs put 70 million $UST into the Anchor Yield Reserve during the crypto market price correction in the summer of 2021.

$bETH tokens can also be used as collateral to borrow Terra stablecoins from Anchor. “bETH tokens are bAssets for Ethereum 2 staking, with their token value backed by Ethereum 2.0 staking positions.”

How and Where to Buy Anchor Protocol (ANC)?

If you’ve decided to invest in Anchor Protocol (ANC) tokens, choosing a reputable cryptocurrency exchange is the next step. Established in 2017, Binance has a great reputation, with over 1650 markets and more than 390 coins. The platform has an exchange wallet and a downloadable app, the Trust Wallet, enabling you to trade on the go, or check your $ANC investment:

  1. Register for an account on the Binance website
  2. Fill in your details and submit your ID documents for KYC compliance and to access all the services that Binance offers
  3. Deposit with your Mastercard or Visa or if you prefer, use the wire transfer option or with a supported cryptocurrency
  4. Find the “Exchange” tab and look for an available $ANC pair: ANC/USDT, ANC/BUSD, ANC/BTC, or ANC/BNB
  5. Send your $ANC to the Trust Wallet or an alternative wallet that supports Anchor Protocol (ANC) tokens

How do I Sell Anchor Protocol (ANC)?

  1. Open Trust Wallet and look for the “trade” tab. Most wallets are similar if you don’t have the Binance wallet
  2. Find $USDT, a popular stablecoin
  3. Sell your $ANC tokens for $USDT
  4. Transfer the $USDT to an off-ramp platform like Gemini or Coinbase
  5. Finally, in the off-ramp account, sell the $USDT for a fiat currency and withdraw to your bank account, hopefully celebrating your profits from investing in Anchor Protocol (ANC)

Should I Buy Anchor Protocol (ANC)?

Only you can decide if you wish to buy Anchor Protocol (ANC) tokens because we cannot provide professional investment advice. Make sure you only invest what you can afford to lose because the cryptocurrency market is unpredictable at times. Still, when you are ready to purchase $ANC tokens, choose an established, trustworthy cryptocurrency exchange like Binance and set up your crypto wallet prepared to transfer your coins. KuCoin is another reputable exchange with custodial and non-custodial services, and Gate.io has a cold storage wallet for users.

How do I invest in Anchor Protocol (ANC)? Safely?

Always invest or trade with a reliable cryptocurrency exchange with a solid reputation. Choose a platform with a broad range of markets and coins and 24/7 customer support. Register for an account with Binance, KuCoin or Gate.io when you have decided which one is best for your requirements. KuCoin lists ANC/USDT and ANC/UST. Gate.io has over 2,300 markets and more than 1,390 coins and lists ANC/USDT and ANC/ETH.

Anchor Protocol (ANC)
Price
$0.011940203583327
24h Change
-0.5
7d Change
-7.6