Purchase Ankr (ANKR) with Indian Rupee (INR) easily at Switchere and benefit from fast, secure transactions.
Ankr (ANKR) is a decentralized Web3 infrastructure provider meticulously designed to lower the barriers to entry for individuals, developers, and enterprises engaging with blockchain technology. It tackles the complexities and substantial costs associated with accessing blockchain data and participating in staking by offering a comprehensive suite of developer tools and services. Ankr's core technology centers on providing globally distributed node infrastructure, facilitating seamless deployment and access to numerous blockchains via its robust Remote Procedure Call (RPC) services and advanced APIs. This significantly streamlines dApp development and interaction across a truly decentralized network, bolstering Web3 adoption.
The ANKR token functions as an essential utility token within its ecosystem, enabling payments for services such as node deployment, API access, and participation in Ankr Staking, which features innovative liquid staking solutions across multiple chains. ANKR also serves as a governance token, empowering holders to influence the platform’s future development and its tokenomics. Its tokenomics are structured to incentivize network participation and maintain its distributed infrastructure's cryptographic security. Ankr firmly positions itself as a fundamental layer for Web3, providing critical infrastructure-as-a-service that underpins a diverse array of DeFi applications, gaming platforms, and other on-chain activities, simplifying access to the digital asset economy and its underlying digital ledger systems without demanding deep expertise in various consensus mechanisms.
To buy ANKR with INR, the most common method is using a centralized cryptocurrency exchange that supports INR deposits. These platforms act as a fiat on-ramp, allowing you to fund your account via UPI, IMPS, or local bank transfers. After completing the mandatory KYC/AML process, you can place an order for ANKR on the spot market, effectively converting your INR into this Web3 infrastructure token.
Yes. While UPI (Unified Payments Interface) itself often has very low or zero transaction fees for INR deposits onto an exchange, you must consider other costs. Exchanges will charge a trading fee (a percentage of the trade value) when you execute the INR to ANKR order. Additionally, if you plan to move your ANKR tokens from the exchange to a private digital wallet for self-custody or to interact with Ankr's liquid staking protocols, you will incur a blockchain network withdrawal fee, which is denominated in ANKR.
Ankr offers liquid staking for various PoS tokens, where you stake a native token (like ETH) and receive a liquid staking token (like ankrETH) in return. This new token represents your staked position but remains tradable and usable in DeFi. While you don't directly stake the ANKR token in these specific products, the overall health and adoption of Ankr's liquid staking solutions contribute to the value of the Ankr Network ecosystem, for which the ANKR token is the central utility asset.
The ANKR token is the primary utility token for the Ankr Network. Its core function is to facilitate payments for services across its decentralized infrastructure, such as requesting data from various blockchains via its RPC services or deploying nodes. Holding and staking ANKR also allows users to participate in network governance and can provide discounts on API endpoint usage, making it integral to the platform's multi-chain operations.
Ankr's multi-chain support is a key feature. After acquiring ANKR with INR, you are holding a digital asset that is not confined to a single blockchain. Ankr provides RPC services and node infrastructure for dozens of chains. This means the ANKR token has utility across various ecosystems, and users can potentially use their tokens to pay for services or participate in DeFi on multiple networks, enhancing its versatility beyond a simple investment.
After purchasing ANKR via an INR on-ramp, it is highly recommended to move your digital assets from the exchange to a personal digital wallet for which you control the private keys. For maximum security, a hardware wallet (cold storage) is the gold standard. For frequent use, a reputable software wallet (hot wallet) like MetaMask can be used. Always back up your seed phrase offline and never share it. This practice of self-custody protects your tokens from exchange-related risks and gives you full control over your ANKR.