Buy Band Protocol BAND

Easily and securely buy Band Protocol with the best crypto platform in Europe.

  • Lowest trading fees: 0.15%
  • Buy BAND with iDEAL, Bancontact or SEPA
  • Maximum safety with Proof of Reserves
Band Protocol BAND
EUR
BAND
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What is Band Protocol?

Band Protocol is a cross-chain data oracle platform that brings off-chain data (like price info, sports results, or weather data) to blockchains. It lets smart contracts use reliable, real-time data, which is super important for things like DeFi, NFTs, and blockchain gaming.
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Buy Band Protocol with Finst.
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Network information

Name
Band Protocol
Ticker
BAND
RPC URL
https://docs.bandchain.org/develop/api-endpoints

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Buy Band Protocol with your favorite order type

  • Market order

    Buy Band Protocol instantly at the best available price. Ideal for quick and easy purchases.

  • Limit order

    Set your maximum price for Band Protocol. Your order will be executed when your limit price is reached on the market

  • Auto Invest

    Automate your crypto purchases on a daily, weekly, bi-weekly, or monthly basis.

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FAQ

  • How to buy Band Protocol?

    Follow the steps below to easily and securely buy Band Protocol.

    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 Band Protocol and securely store it on our platform.

  • Can I automatically invest in Band Protocol on a recurring basis (DCA)?

    Yes, with Auto Invest, you can set up daily, weekly, bi-weekly, or monthly purchases of your favorite crypto using the Dollar Cost Averaging (DCA) strategy. Create your own investment plan and DCA Band Protocol without any action required or additional fees.

    Do you prefer to store your crypto on your external wallet? At Finst, we have various cryptocurrencies enabled for automatic withdrawals, which are sent straight to your wallet after each recurring purchase.

  • What fees do I need to pay when buying Band Protocol?

    When you buy Band Protocol 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.

  • Which order types can I use to buy Band Protocol?

    At Finst, we support several order types to buy Band Protocol: Market Order, Limit Order, and Auto Invest (DCA).

    - With a Market Order, you buy Band Protocol instantly at the best available market price.

    - Do you want to buy Band Protocol at a lower price? With a Limit Order, you set the maximum price you're willing to pay for Band Protocol. Your order will be executed once your limit price is reached on the market.

    - Do you want to invest in Band Protocol without constantly checking the market? With Auto Invest, you can schedule automatic and recurring purchases. Whether you want to buy daily, weekly, bi-weekly, or monthly - you choose the frequency.

  • Can I use limit order to buy Band Protocol?

    Yes, on our platform, you can easily buy Band Protocol with a Limit Order. This allows you to set the maximum price you're willing to pay. Your order will be executed once the price of Band Protocol reaches your limit price or lower.

    A Limit Order is ideal if you want to wait for a better price without constantly monitoring the market.

  • Is it safe to buy Band Protocol?

    Yes, it is safe to buy Band Protocol 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.

  • Is it legal to buy Band Protocol?

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

  • Can I buy Band Protocol anonymously?

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

  • Can I buy Band Protocol with iDEAL?

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

  • Do you have to buy one Band Protocol?

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

  • What are the risks of investing in Band Protocol?

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

    Volatility: The price of Band Protocol 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 Band Protocol 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.

  • How to store Band Protocol?

    You can securely store your Band Protocol 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 Band Protocol. 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.

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How does Band Protocol work?

Band Protocol runs on the BandChain, a specially designed blockchain to efficiently and scalably manage decentralized oracles. This blockchain was built using Cosmos' Software Development Kit (SDK), which can be easily integrated with blockchains using the Cosmos SDK framework. Developers can use the SDK to quickly define data packets, set up custom oracles, and integrate data requests into their apps, without worrying about the underlying validation process.

The BandChain makes sure that off-chain data is collected and verified by validators through a network of oracles. After validation, the data is published on the blockchain and made available to smart contracts.

Here’s how the process roughly works:

  • Data request: Smart contracts on external blockchains (like Ethereum or BNB Chain) send a request for specific data through the Inter-Blockchain Communication Protocol (IBC) or via custom bridges developed by Band Protocol. IBC is used within the Cosmos ecosystem, while custom bridges are used for non-Cosmos chains like Ethereum and BNB Chain, since IBC only works between Cosmos-compatible blockchains by default.
  • Data collection and aggregation: After receiving a request, BandChain selects validators to collect and process the data. They do this through pre-defined external APIs and data sources (like CoinGecko, Bloomberg, or sports feeds).
  • Validation via consensus: The selected validators gather and compare the data. Then the data is verified using a BFT (Byzantine Fault Tolerant) consensus mechanism. Only if a sufficient number of validators agree on the accuracy of the data, is it published on BandChain. Validators are rewarded with BAND tokens for performing their tasks correctly.
  • Feedback to smart contracts: Once the data has been validated by the validators and published on-chain, it is made available to the original smart contract on the external blockchain through a bridge or IBC. This allows DeFi applications to use real-time price feeds, for example, without relying on centralized data servers.

Who are the founders of Band Protocol (BAND)?

Band Protocol was founded in 2017 by Soravis Srinawakoon (CEO), Paul Nattapatsiri (CPO), and Sorawit Suriyakarn (CTO). The team is based in Thailand and has a strong background in computer science, product development, and blockchain technology. The founders have previously worked at renowned companies such as Tripadvisor and Dropbox.

In 2019, the team raised over $3 million from venture capital firms. Additionally, they raised over $5 million through an ICO (Initial Coin Offering) to further develop the project. Later in 2019, during the launch of the BAND token, tokens were distributed to ICO participants. The BAND token was initially introduced as an ERC-20 token. During the major Band Protocol 2.0 upgrade, the network was later moved to Cosmos.

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