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Euro (EUR) to API3 (API3) Instantly

Purchase API3 (API3) with Euro (EUR) easily at Switchere and benefit from fast, secure transactions.

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About
API3 (API3)

API3 is a collaborative project dedicated to building, managing, and monetizing decentralized APIs (dAPIs) at scale, directly addressing the blockchain oracle problem. It aims to connect smart contracts with real-world, off-chain data in a more secure, transparent, and cost-effective manner. Unlike traditional oracle models that rely on third-party intermediaries, API3 champions a first-party oracle solution. This model allows API providers to run their own oracle nodes, called Airnodes, with minimal effort. This direct data sourcing from the provider to the blockchain technology eliminates the need for middlemen, reducing attack vectors and increasing the reliability of on-chain data feeds for various DeFi applications and Web3 infrastructure.

The core of the ecosystem is the API3 token, a digital asset that functions as both a utility and governance token. Token holders can participate in the API3 DAO, which governs the entire network, including the selection of dAPIs and collateral management. Staking the API3 token is a crucial component of its tokenomics, as it provides a security collateral and an insurance-like mechanism for users of the dAPIs, guaranteeing service quality and data integrity. This cryptographic security model aligns incentives between API providers, dApp developers, and the DAO, fostering a robust and decentralized Web3 API economy.

API3 (API3)

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How to Buy API3 (API3)

  1. Select currency menu

    Choose EUR to API3 Pair

    Select your preferred payment method and enter the amount.

  2. Crypto address page

    Enter Your API3 Wallet Address

    Provide your API3 wallet address and proceed with the payment.

  3. Confirmation page

    Receive Your API3

    Complete the payment, and your API3 will be sent to your wallet.

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Frequently Asked Questions

  • What is the most effective way to purchase API3 tokens using Euros (EUR)?

    The most common method for a EUR to API3 digital asset purchase is through a centralized cryptocurrency exchange that acts as a fiat on-ramp. For users in the Eurozone, utilizing a SEPA transfer to fund your account is often the most cost-effective option. This process typically requires completing KYC/AML compliance checks on the platform before you can trade on the EUR/API3 order book.

  • What are Airnodes and how do they relate to EUR to API3 transactions?

    Airnode is the open-source oracle node technology developed by API3 that allows API providers to easily run their own first-party oracles. When you buy API3 with EUR, you are acquiring the governance token for the network that these Airnodes comprise. Therefore, your digital asset purchase indirectly supports the infrastructure that ensures smart contracts receive authentic, untampered data directly from the source, enhancing the security of the entire Web3 ecosystem.

  • How does staking API3 tokens, purchased with Euros, contribute to the network?

    Staking API3 tokens acquired via a EUR fiat on-ramp directly supports the network's security and governance. By staking, you lock your tokens to provide a security collateral for the on-chain data feeds. In return, stakers receive a share of the dAPI usage revenue and gain voting power in the API3 DAO. This aligns incentives, ensuring that the decentralized oracle network remains reliable and governed by its community.

  • Why is the EUR/API3 trading pair significant for the Web3 ecosystem?

    The EUR/API3 pair provides a direct fiat gateway for Eurozone participants to acquire the API3 governance token. This is crucial as API3 powers a decentralized oracle network of first-party oracles, delivering reliable on-chain data feeds. Direct Euro liquidity allows easier access for developers and API providers in Europe to participate in the API3 DAO and utilize its dAPIs for building advanced smart contract applications.

  • What fees should I anticipate when converting EUR to API3 on an exchange?

    When transacting the EUR/API3 pair, consider several potential fees. First, a deposit fee for funding your account with Euros, though SEPA transfers are often free or low-cost. Second, a trading fee, which is a percentage of the transaction value, often varying between maker (adding liquidity) and taker (removing liquidity) orders. Finally, if you move your API3 tokens to a private digital wallet, there will be a network withdrawal fee, which is standard for any blockchain transaction.

  • What are the best security practices after completing a EUR to API3 purchase?

    After purchasing API3 with Euros, the primary security step is to transfer your tokens from the exchange to a personal, non-custodial digital wallet where you control the private keys. A hardware wallet is the most secure option. Always double-check the recipient wallet address before confirming any blockchain transaction. Be vigilant against phishing attempts and never share your private keys or seed phrase with anyone. Secure trading involves self-custody of your digital assets.

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