StorjHow & Where to Buy Storj A Step-by-Step Guide to Buying STORJ
Congratulations! You can buy Storj directly with cash at Gemini.
- Sign up at our one of our top-ranked Storj exchanges.
- Fund your new account with cash or crypto.
- Buy
STORJ
Read on for detailed instructions below on where and how to buy Storj and you will be a STORJ owner in no time at all.
- STEP 1Register at a STORJ Exchange
Best Storj (STORJ) Exchanges
Ease of useVery EasyTime to 1st Buy10 min24h Volume$20,659,392Coins44Founded by the Winklevoss twins, who also conceived Facebook, Gemini is an ultra-convenient and incredibly legitimate platform that has gone through every level of financial scrutiny possible to be the most reliable cryptocurrency exchange in the US. Truly too legit to quit, this is one of the few exchanges where your funds are actually insured in case of theft. USD-only, features most of the well-known cryptocurrencies.
After choosing one of the exchanges listed above, you will need to create an account. In some cases, the exchange will need some personal information like email address, phone number, name, address, and a copy of your government ID or passport.
This is completely normal and all exchanges we list on this page have security in place to protect your personal info.
- STEP 2Fund Your Account
It is now time to add funds to your newly created exchange account. This will allow you to purchase Storj
STORJ quickly.Upon signing up at the exchange, you should be shown easy to follow instructions to buy STORJ with cash from your bank account or credit or debit card. Some exchanges also accept alternative funding methods such as Paypal, Apple Pay, Skrill, or Sofort by Klarna. You can also deposit any supported cryptocurrencies directly into your exchange account and trade them for STORJ.
Frequently Asked Questions About Buying & Selling Storj (STORJ)
How do I Buy STORJ with Crypto?
If you want to buy STORJ with a cryptocurrency like Bitcoin, Ethereum, Litecoin, XRP, or BNB, then you can simply sign up for Gemini and send your crypto to your account.
You can view the supported cryptocurrencies for the exchange you selected by going to the assets or wallet screen. Once you see a list of coins, you should be able to select one and click "deposit" which will show you the address to send your crypto to Gemini.
You will then copy that address and paste it into the wallet holding your cryptocurrency and send.
Depending on the blockchain used and how quickly the exchange processes deposits, your funds should show up in your exchange balance within minutes.
How do I sell Storj (STORJ)?
To sell STORJ, simply reverse the buying process described above. You will likely need to trade your STORJ into a USD coin like 
USDT. Look for a "Sell" button in your account wallet and sell for Dollars, then initiate a transfer to your bank account. To withdraw cash to your bank, you will likely need to complete a full KYC (Know Your Customer) process if you haven't already.
What is Storj
Storj (sym. STORJ) is cryptocurrency and a network which offers decentralised cloud storage network where users can buy and rent cloud storage space from other users.
History of Storj
Storj was conceptualised by Shawn Wilkinson and John Quinn. The team also has Anand Babu Periasamy and Warren Weber as their advisors.
(More coming soon…)
How Storj Works
After signing up for Storj, the user can buy cloud storage. Once he wants to upload a file into his Storj cloud drive, the file is encrypted and then fragmented into smaller pieces. Then the pieces are sent out to the decentralised network where they reside scattered. Once he wants to download the file, it is then downloaded from multiple sources and assembled locally. The user has the decryption key which is then used to get back the original file.
To maintain data redundancy, the same fragment of the file is stored on multiple computers. The user pays charges for the storage space ($0.015 per GB per month) and the bandwidth ($0.05 per GB).
On the other hand, the users who hold the files by renting their hard drive space is compensated by the company as well.
STORJ is the native currency and the prices are mentioned in STORJ as well as the transactions take place via STORJ.
Why Storj
- Perfect Privacy: The data resides in the decentralised network which means nobody has complete access to user data except the user. This is unlike centralised cloud storage companies like Google Drive, Amazon S3 or Microsoft OneDrive where the corporates have complete access to user data.
- High Data Redundancy: The same fragment of data resides on multiple computers in the network so even if few of them are actually inaccessible at any moment, the user can download from other machines.
- End to End Encryption: SHA256 encryption is used to encrypt the data and only the user has the key to decrypting the file. Thus, the data is safe from sniffers as it is almost impossible to break SHA256 encryption technique.
- Fast Data Transfer: As the data doesn’t come from any centralised server, the data speed is actually as fast as the internet connection itself. Storj doesn’t enforce any throttling algorithm to slow it down either.
- Affordable Pricing: The Storage space, as well as the bandwidth, are kept very affordable, compared to the popular storage services. The rates are, for storage space $0.015 per GB per month and for bandwidth $0.05 per GB.