How to Buy Casper (CSPR)
Beginner’s Guide
What Is Casper (CSPR)?
Launched on mainnet on March 30, 2021, Casper is the first live proof-of-stake (PoS) blockchain built off the Casper CBC specification. The Casper platform is designed to boost the adoption of blockchain technology, smart contracts, and DApps on a global scale.
With its future-proof architecture, Casper is designed to ensure the platform is continually developed according to the evolving needs of its users, and that it’s maximally accessible to developers of all backgrounds. As per the official whitepaper, Casper is optimized to suit both enterprise and developer needs. Casper’s mission is to usher in a new era for Web3, as demand for intuitive, interconnected services continues to grow across the board. Casper does so by solving the adoption trilemma: offering enterprise-grade security, scalability and decentralization all within the same blockchain protocol.
How to Buy Casper Summary
- Get a Casper wallet (e.g. Ledger, Trezor ,Guardia, Exodus , AtomicWallet)
- Find an exchange that sells Casper (e.g. Kucoin,OKX , Crypto, GATE, MEXC)
- Deposit money and make the trade
- Withdraw the Casper to your wallet
Buying Casper in 3 Simple Steps
Step 1 – Get a CSPR wallet
Casper Hardware Wallets
Casper is a brand that offers hardware wallets for storing and securing cryptocurrencies. A hardware wallet is a physical device, usually resembling a USB stick, that stores the private keys necessary for accessing and managing cryptocurrency holdings.
Casper’s hardware wallets are designed to be user-friendly and secure, with features such as touchscreens for easy navigation and a built-in camera for QR code scanning. They support a range of popular cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
One of the main advantages of using a hardware wallet like Casper’s is that it provides an extra layer of security compared to software wallets or exchanges. Because the private keys are stored on the device, they are not vulnerable to online attacks like phishing or hacking.
However, it’s important to remember that hardware wallets are not completely immune to security risks. Users should still take precautions such as backing up their recovery seed phrase, avoiding public Wi-Fi networks, and keeping the device itself in a secure location.
Overall, Casper’s hardware wallets can be a useful tool for individuals looking to securely store and manage their cryptocurrency holdings.
The best option for storing any cryptocurrency would be to use a hardware wallet. These are pieces of hardware that store the private key to your coins offline.
Today, there are two leading hardware manufacturers to choose from – Ledger and TREZOR. Both companies have different models of hardware wallets that will get the job done.
If you want deeper insights on specific models, you can read my Ledger Nano X review or my TREZOR Model T review.
Casper Software Wallets
As far as I know, Casper is a brand that offers hardware wallets for storing and securing cryptocurrencies, but they do not offer software wallets. However, there are many other companies and brands that offer software wallets for managing cryptocurrency holdings.
Software wallets are applications that can be installed on a computer, smartphone, or other device, and they allow users to send and receive cryptocurrencies, view transaction history, and manage their holdings. There are several types of software wallets, including desktop wallets, mobile wallets, and web wallets.
Desktop wallets are downloaded and installed on a computer, and they offer a high level of security as they are not vulnerable to online attacks. Mobile wallets, on the other hand, are apps that can be downloaded on a smartphone and offer convenience and ease of use. Web wallets are accessed through a browser and are generally less secure than other types of wallets.
When choosing a software wallet, it’s important to research and consider factors such as security features, user-friendliness, supported cryptocurrencies, and community support. It’s also important to keep in mind that software wallets are still vulnerable to security risks such as hacking or phishing, and users should take appropriate precautions such as enabling two-factor authentication and backing up their wallet seed phrase.
Hardware wallets cost money, so if you’re not sure how serious you are about cryptocurrencies and just want to get a taste of what they feel like, perhaps you would be better off starting with a software wallet.
A software wallet is a free program that lets you store your coins on your computer or mobile phone.
The easiest Casper software wallets to get started with are undoubtedly Exodus, AtomicWallet and Guarda . All wallets are very intuitive. Exodus, Atomic Wallet and Guarda is available on desktop for Windows, Mac and Linux, as well as on mobile for both iOS and Android. If you want more information you can read my Exodus, AtomicWallet and Guarda review.
Step 2 – Find an Casper (CSPR) Exchange
Buy Casper through Kucoin
- Kucoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 8 million registered users from 700+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique ranking is in the top 5 globally. Known as the “People’s Exchange”, KuCoin operates in Seychelles, providing users with multi-language and 24/7 customer service. Meanwhile, KuCoin has established local communities all over the world in South Korea, Japan, Spain, Italy, Vietnam, Turkey, Russia, India, and other regions, providing users with the most local services. Currently, 1 out of every 4 crypto holders in the world is with KuCoin.
Buy Casper through Okex
- OKX (Chinese: 欧易), formerly known as OKEx, is a Seychelles-based cryptocurrency exchange and derivatives exchange. It was founded by Star Xu (徐明星) in 2017. OKX is owned by Ok Group, which also owns crypto exchange Okcoin. It is not available to US based investors. The company’s CEO is Jay Hao and CMO is Haider Rafique. Initially headquartered in Beijing, China, OKX is now under a blanket ban by Chinese regulators. On October 13, 2021, it issued a “Notice on Regulatory Policy in Mainland China”, announcing that it would continue its policy of “withdrawing from the Chinese mainland market” and would not establish an office or team in the region. However, according to Caixin, although the exchange officially announced that it would no longer set up an office in Mainland China, it still has a large number of R&D staff working in the region, including engineers, who continue to work for OKX in the form of third-party outsourcing companies.
Buy Casper through Crypto.com
- Crypto.com is a cryptocurrency exchange company based in Singapore. As of May 2022, the company reportedly had 50 million customers and 4,000 employees. The exchange issues a token, Cronos.The company was initially founded in Hong Kong by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo in 2016 as “Monaco”. In 2018, the company was renamed as Crypto.com following a purchase of a domain owned by cryptography researcher and professor Matt Blaze. Domain sellers valued the domain at US$5–10 million.
Buy Casper through Gate.io
- Gate.io is a crypto exchange founded in the fall of 2017. The platform is a part of Gate Technology Inc corporation, and has a registration address in Virginia, USA. The platform does not have an official license. Its interface is available for working in three versions: English, Chinese and Japanese.
Buy Casper through MEXC
- Founded in 2018, MEXC Global is known as the exchange of high performance and mega transaction matching technology. The team at MEXC Global are some of the first movers and pioneers of financial and blockchain technology. Currently, MEXC Global caters to 10 M+ users in more than 170 countries around the world and we have just started.
Step 3 – Withdraw Your Casper (CSPR)
Once you decide on an exchange, open an account and buy your Casper. Make sure to withdraw the Casper from the exchange to your personal wallet.
Never leave coins on an exchange, as you risk losing them all if that exchange gets hacked or shuts down (which has happened in the past).
OVERVIEW
Who Are the Founders of Casper?
### Medha Parlikar, Co-Founder and CTO
Medha is one of the co-founders of CasperLabs and serves as its CTO. She started working with technology in the early 80’s, building computers in her basement. Since then, she has spent the past two decades delivering production SaaS software for major corporations such as Adobe, Omniture, and Avalara. In addition to her technical proficiencies, Medha’s strengths include building high functioning technical teams and inspiring them to deliver solutions that solve customer problems.
Mrinal Manohar, Co-Founder and CEO
Mrinal has an extensive career as both a computer programmer and a finance professional. Before founding Casper, Mrinal was a Principal and the Technology/Media/Telecom Sector Head at Sagard Capital, a Private Equity Associate at Bain Capital, and an Associate Consultant at Bain & Company. In addition to his professional contributions to the blockchain industry, Mrinal has been personally investing in the sector since 2012 as a seed investor in Ethereum, Blockstack, Basis, Maker, Filecoin, and more.
What Makes Casper Unique?
Casper is a hardware wallet brand that offers several features that make it unique and stand out from other hardware wallet options.
One of the key features of Casper hardware wallets is the built-in camera, which allows for quick and easy scanning of QR codes, making it simple to send and receive cryptocurrency. The touch screen interface also makes it easy to navigate through the wallet’s features.
Casper wallets also have a user-friendly mobile app that can be used to manage the wallet and view transaction history. The app provides a secure and convenient way to access and manage cryptocurrency holdings on-the-go.
Another unique aspect of Casper wallets is their ability to store multiple cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, among others. This makes it a versatile option for individuals who hold multiple types of cryptocurrency.
Casper wallets also offer a high level of security, with features such as advanced encryption and multi-layered authentication. Additionally, the wallet generates a unique private key for each transaction, which helps to prevent against key reuse and protect against attacks.
Overall, Casper’s unique combination of features, including the built-in camera, touch screen interface, mobile app, multi-cryptocurrency support, and high level of security, make it a compelling option for individuals looking to store and manage their cryptocurrency holdings.
How Many Casper Coins (CSPR) Are There in Circulation?
The initial circulating supply of CSPR breaks down as follows:
- 400M CSPR released from the freely traded tranche of Casper’s Public Sale on Coinlist.
- Approximately 183M CSPR provided as liquidity to exchanges
The portion of seigniorage estimated to be allocated to the released tokens above to date. This number updates in real time as seigniorage is issued.
Additional tranches of CSPR are held by various ecosystem participants, including Validator Node operators, the Casper Foundation, the Team and Advisors, the DAO in charge of Developer Incentives and CasperLabs AG, as shown in the chart below.
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How Is the Casper Network Secured?
The Casper Network relies on a PoS consensus mechanism for its network security. PoS depends on token staking to select node validators, which allows the consensus to be extremely versatile and scalable. Unlike the proof-of-work (PoW) consensus used by the Bitcoin blockchain, PoS does not require huge amounts of electrical or computing power to perform validations and to add new blocks to the chain.
Casper also employs the Correct-by-Construction (CBC) Casper specification, which utilizes an upgraded approach to Byzantine Fault Tolerance (BFT) applications. Casper’s enterprise-grade architecture has completed multiple security audits, most recently with Trail of Bits in January 2021, which found zero high severity results and confirmed that Casper “showed proper use of security hygiene.”