How to Buy Cryptyk Crypto (CTK)
What is Cryptyk CTK?
According to Coingecko, Cryptyk is : Cryptyk is building crypto powered cloud storage that offers users the first FAST, ultra-secure, private, decentralized file storage platform. Existing blockchain file storage technologies such as Filecoin and Storj are very secure ... but also very slow with access latencies of 10 seconds or more. This is not suitable for the vast majority of todays cloud storage applications that demand real-time performance (ie: access latency < 200 microseconds). The only application that blockchain storage is suitable for is for large file batch back-up which is a relatively small market < $300M / year. While decentralization dramatically improves security and privacy, storing files on the blockchain is simply to slow for most consumer and business markets. Instead of storing files on the blockchain Cryptyk stores files on a decentralized multi-cloud platform that offers 100x the security of centralized storage (eg: G Drive or iCloud) but without sacrificing access latency ((< 200 microseconds). Files are first encrypted, split into 5 separate file pieces and then each piece is encrypted a second time. Then each doubly encrypted file pieces is stores separately across the 5 major centralized storage providers in Google, Amazon, IBM, Oracle and Microsoft. Cryptyk then integrates this decentralized multi-cloud with a blockchain security auditing platform that permanently stores and tracks every user access event and file editing or sharing event on the blockchain. The blockchain security auditing platform is powered by Cryptyk Tokens (CTK) that are automatically acquired by cloud storage users who pay in fiat (USD or Euro) with a portion converted into CTK Tokens to pay for security auditing functions. Hence CTK is a true utility token. The result is a hybrid decentralized cloud design that offers the speed and scalability of the major centralized cloud vendors, the security and privacy of a 100% decentralized design, and the immutable permanence of blockchain for auditing and tracking capabilities. Cryptyk's crypto powered cloud storage platform represents the first decentralized technology that can truly compete head-on with centralized vendors like Google or Amazon.
Where can I buy CTK Crypto?
You can buy Cryptyk on Uniswap.
Why should you buy Cryptyk?
Cryptyk is really one of a kind project. The roadmap is incredibly promising and if the dev team can keep up with the with it, it's only a matter of time for the market to catch up. It's a very risky play but one that can yield amazing profits. Do you own diligence and research the project further so you can make your own decision.
How to Buy Cryptyk Crypto?
Step 1 - Setting up a Metamask Wallet
Metamask is by far the most used walled in the world of Ethereum. Whenever you want to buy and sell cryptocurrencies or even use blockchain apps that run on the Ethereum Network, Metamask will be your best friend. Setting up the wallet is also very simple and easy.Head over to metamask.io and click Download. You'll need to use Google Chrome, Brave Browser, Firefox, or Microsoft Edge for this to work. So make sure you are using one of these four browsers. Now at the end of the page, click on the browser you're using and install the extension.
You are now the Welcome Page of Metamask. Click on 'Get Started.' Now click on 'Create a Wallet.' Choose a strong password for your Metamask wallet and continue.
Very Important Part! Keeping your backup phrase safe is the difference between having millions in your account or be that guy on the landfill looking for his old hard drive.
Click on reveal your backup phrase and write every word down on paper. Make sure you don't save your backup phrase on anything digital. This is for your security. After you wrote down your backup phrase, you'll be asked to confirm it. Click on every word in the correct order, and you should be done.
Step 2 - Buy Ethereum on Simpleswap
Simpleswap is the easiest way to buy crypto today. Free from registrations, KYC and third-party custody. With Simpleswap we can buy ETH and receive it directly on our on-chain Metamask wallet, skipping most of the steps we'd have to take through a traditional exchange.
Just click the Buy/Sell Crypto tab, insert the USD amount you want to trade for ETH, and click "Exchange", just like this:
Now all you have to do is click the Metamask fox logo to directly copy and paste your Metamask Ethereum address. It should add it automatically.
You can now choose between Google Pay or card to complete the payment:
Once you complete the payment, all you gotta do is wait a few minutes for the payment confirmation, and for the on-chain transaction to complete. Once all that is completed you should see your updated balance in Metamask.
Step 3 - Buy Cryptyk on Uniswap with ETH
Uniswap is currently the number one Decentralized Exchanged in the world, and it's simply the best place to buy cryptocurrencies that aren't available on sites like Coinbase or Binance.
Before we head over to Uniswap, we need to prepare your Metamask Wallet to receive Cryptyk. Open Metamask, scroll all the way down, and click here:
Select Custom Token and paste this token contract address there:
The rest should autofill, and you need to click next and then add tokens. Your account is now ready to receive Cryptyk (CTK).
You can check the price and confirm the correct token address of Cryptyk on Coingecko.
Let's buy some Cryptyk!
Go to Uniswap. On the upper right corner, click on Connect Wallet and select Metamask. A confirmation popup should open on Metamask (click on the "little fox logo" if you don't see it). Now you need to accept, connect, and your wallet should be connected to Uniswap.
Select a token and paste the Token contract address: 0x42a501903afaa1086b5975773375c80e363f4063
Click Import and accept the terms.
Now you have to select the amount of ETH you want to trade for CTK. After you confirm it, another popup will appear from the Metamask extension and you should approve the transaction.
Wait a few minutes, and your CTK should appear on your Metamask Wallet.
Congratulations! You are now a proud Investor of Cryptyk!
In case your transactions keep on failing, adjust your slippage tolerance. To do that, click on Uniswap's gear icon, and put 5% here:
Step 4 - Store Cryptyk on Ledger
Check out our guide on how you can store Cryptyk on Ledger's Hardware Wallet
Check out Cryptyk links:
Please make sure you read our Disclaimer. We are not financial advisors.