ROSE token is the native token of Oasis Network that can be used for transaction fees, staking, and delegation at the Oasis Consensus Layer.
The ROSE token can be purchased on Binance, Gate.io, KuCoin, Bitfinex, LBank, CoinDCX, WazirX, and more.
In this article, you will learn to buy ROSE on Binance.
Binance is one of the best places to buy ROSE since it has high liquidity and low platform fee.
To buy ROSE token, you need to go to Binance.
Then, navigate to Spot Markets and select the currency pairs that you are comfortable with.
Lastly, place a market or limit order.
Steps to Buy Oasis Network (ROSE) Token
- Head over to Binance
- Go to Spot Markets
- Select a Suitable Currency Pair
- Buy ROSE
- Check your Fiat & Spot Wallet
1. Head Over to Binance
Go to the Binance website.
Type in your email address and password to get logged in.
To log in instantly, you need to scan the QR code displayed on the website from your Binance mobile application.
2. Go to Spot Markets
After logging in, you can see multiple options on the top bar, just under the URL box.
The options (on the left side) include Buy Crypto, Markets, Trade, Derivatives, Earn, Finance, and NFT.
Click on Markets.
Then, you need to click on Spot Markets.
3. Select a Suitable Currency Pair
Some cryptocurrencies like ROSE cannot be bought with fiat currencies on Binance. Rather, you need to trade with other cryptocurrencies.
Currently, there are four trading pairs available on Binance for buying ROSE: ROSE/ USDT, ROSE/ BUSD, ROSE/ BNB or ROSE/ BTC.
Select the currency pair that suits you.
To do so, you need to type ROSE on the search box.
Then, you will be able to see the supported currency pairs and move across between the pairs just by clicking on them.
4. Buy ROSE
Once you have chosen the currency pair, you need to click on Trade.
Here, we will be buying ROSE with USDT.
Upon clicking Trade, a pop-up will appear. (only if you are using the Spot Markets first time)
Select Advanced if you have any trading experience or you can select Classic.
Once you have selected this, a trading window will open as a separate tab.
You need to select either Limit or Market on that trading window.
If you want to buy ROSE at a specific price, you need to select Limit order.
If you want to buy ROSE instantly at market price, you need to select Market.
Here, we are going with the Market order, since we have chosen USDT, a stable coin. Stable coins are less volatile.
If you select Market order, you need to enter your spending amount.
If you select Limit order, you need to enter a specific price of BUSD/ BTC/ USDT/ BNB at which you want to trade for ROSE coin and for how much amount are you buying ROSE (spending amount).
Then, click on Buy ROSE.
Note: A minimum of 10 BUSD/ BTC/ USDT/ BNB is required to place the order.
If you need further clarification on Market and Limit orders, you can refer to this guide: Market and Limit orders.
5. Check your Fiat & Spot Wallet
After placing the order, you will be able to see a successful notification pop-up.
To check the asset ROSE’s balance, you need to go to your Fiat & Spot wallet.
You need to click on Wallets on the top bar of the Binance web page to go to the Fiat & Spot wallet.
ROSE coin cannot be purchased via fiat currencies on almost all platforms.
You need to trade through supported currency pairs.
The supported currency pairs for Oasis Network (ROSE) Token include BUSD/ BTC/ USDT/ BNB.
You can store ROSE on Oasis Wallet or any hardware wallet after the purchase.