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How to buy Orchid?
Follow the steps below to easily and securely buy Orchid.
- Sign up
Create an account with a reputable crypto platform like Finst.
- Deposit EUR
Deposit Euros using payment methods like iDEAL, Bancontact, or SEPA.
- Start investing
Buy Orchid and securely store it on our platform.
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Can I automatically invest in Orchid 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 Orchid 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.
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What fees do I need to pay when buying Orchid?
When you buy Orchid through Finst, you benefit from ultra-low 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.
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Which order types can I use to buy Orchid?
At Finst, we support several order types to buy Orchid: Market Order, Limit Order, and Auto Invest (DCA).
- With a Market Order, you buy Orchid instantly at the best available market price.
- Do you want to buy Orchid at a lower price? With a Limit Order, you set the maximum price you're willing to pay for Orchid. Your order will be executed once your limit price is reached on the market.
- Do you want to invest in Orchid 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.
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Can I use limit order to buy Orchid?
Yes, on our platform, you can easily buy Orchid 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 Orchid 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.
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Is it safe to buy Orchid?
Yes, it is safe to buy Orchid 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.
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Is it legal to buy Orchid?
Yes, buying Orchid is legal in Europe. However, we advise you to do your own research before making a purchase.
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Can I buy Orchid anonymously?
No, due to laws and regulations, it is not possible to buy Orchid or other cryptocurrencies anonymously on a regulated crypto platform in Europe.
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Can I buy Orchid with iDEAL?
Yes, at Finst, you can easily buy Orchid with iDEAL. We also support popular payment methods like SEPA and Bancontact.
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Do you have to buy one Orchid?
At Finst, you can start investing in Orchid with as little as €1. For many coins, it is not necessary to buy a whole coin.
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What are the risks of investing in Orchid?
Investing in cryptocurrencies like Orchid involves risks of losses. You can lose (part of) your deposit. Before you decide to buy Orchid, it is important to understand the risks.
Volatility: The price of Orchid 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 Orchid 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.
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How to store Orchid?
You can securely store your Orchid 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 Orchid. 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.
