Buy AMP (AMP)

AMP is a digital cryptocurrency designed to facilitate instant and secure transactions within the Ethereum blockchain. It operates as a collateral token, providing a decentralized system for value transfer. Launched in 2019 by the Flexa network, AMP aims to revolutionize the way digital assets are used as collateral, ensuring efficiency, accessibility, and transparency in the financial ecosystem.

AMP operates through a novel concept called collateralization. When a transaction is made using AMP, the tokens act as collateral to secure the transaction's value. This collateralization process is achieved by locking AMP tokens in a smart contract. These locked tokens provide a guarantee for the transaction, minimizing counterparty risks and reducing the need for traditional intermediaries. By collateralizing transactions, AMP ensures the instant availability of funds, eliminating the delays associated with traditional settlement systems. The underlying technology of AMP is built on the Ethereum blockchain, leveraging the security and decentralization features of the network. AMP utilizes a unique architecture known as the Collateral Manager, which dynamically adjusts the amount of collateral required for a specific transaction. This adaptive mechanism ensures that the collateral is always proportional to the transaction value, reducing the need for excess collateralization. Additionally, the Collateral Manager allows users to convert various cryptocurrencies into AMP tokens, expanding the usability and liquidity of the network. One of the key benefits of AMP is its potential to enhance the accessibility and adoption of digital currencies in everyday transactions. By providing a secure and efficient collateralization solution, AMP enables merchants to accept digital assets as payment, without the inherent risks associated with cryptocurrency volatility. Moreover, AMP's open-source nature allows developers to build decentralized applications (dApps) on top of the network, further expanding its utility and potential use cases.

Follow the steps below to easily and securely buy AMP.

1. Sign up

   Create an account with a reputable crypto platform like Finst.

2. Deposit EUR

   Deposit Euros using payment methods like iDEAL, Bancontact, or SEPA.

3. Start investing

   Buy AMP and securely store it on our platform.

You can securely store your AMP in your Finst wallet. Some cryptocurrencies also support external wallets, allowing you to send your crypto to your own wallet if desired. We use state-of-the-art security measures to keep you and your crypto safe.

We work with Fireblocks, one of the most trusted crypto security infrastructure providers, to safely store your AMP. They make use of Multi-Party Computation (MPC) technology which is an advanced cryptographic technology used to protect your digital assets.

Additionally, Finst is the first and only Dutch crypto platform that has successfully conducted an extensive Proof of Reserves (PoR) audit. With Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, at Finst, you can easily buy AMP with iDEAL. We also support popular payment methods like SEPA and Bancontact.

At Finst, you can start investing in AMP with as little as €1. For many coins, it is not necessary to buy a whole coin.

Yes, it is safe to buy AMP through Finst. We are registered as a Crypto Service Provider (no. R189158) with the Dutch Central Bank (DNB), and we are the first and only Dutch crypto platform that successfully obtained a Proof of Reserves (PoR) from an independent and reputable audit firm (Audit Now). At Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, buying AMP is legal in Europe. However, we advise you to do your own research before making a purchase.

Investing in cryptocurrencies like AMP involves risks of losses. You can lose (part of) your deposit. Before you decide to buy AMP, it is important to understand the risks.

Volatility: The price of AMP can fluctuate significantly. This means that its value can rise and fall quickly.

No guaranteed profit: Previous price increases do not guarantee future returns. Therefore, only invest money that you can afford to lose.

External factors: The price of AMP is influenced by external factors, such as economic conditions and the actions of influential individuals, governments, and institutions. These factors can have a positive or negative impact on the price.

When you buy AMP through Finst, you benefit from the most competitive trading fees of 0,15% per transaction.

Any fees you may encounter when trading crypto are clearly shown for every transaction on our platform.

It's important to note that network fees are outside of our control, as they are determined by the blockchain networks themselves.

This means that while network fees may vary depending on the blockchain and current demand, our trading fee remains consistent, helping you better manage your transaction costs.

No, due to laws and regulations, it is not possible to buy AMP or other cryptocurrencies anonymously on a regulated crypto platform in Europe.