I’ve been deeply indulging in all things Metaverse for the last few months.
I recently co-founded a Future Tech blog. And I’m trying to dive deep into the Metaverse bubble – which seems pretty fascinating.
I also became interested in finding blockchain projects linked to Metaverse.
And one of the tokens that caught my attention was Star Atlas. A blockchain-based Metaverse video game developed on Solana blockchain.
Before moving on, take a tour of Star Atlas here. You’ll have a better idea of what it is, and why I’m so interested in it.
I immediately wanted to own some, since SOL is my favorite altcoin (SOL is a coin, and Solana is the blockchain).
I mentioned it in my article on top altcoins you should have in your portfolio before it rose to its ATH. And a blockchain like Solana will continue to outperform other ETH competitors.
Star Atlas being a metaverse game, using Solana blockchain and their roadmap for future development being so definitive makes it an instant hit in my eyes.
So I went on to buy some.
I thought I’d make a tutorial on how to buy Star Atlas (ATLAS) tokens from India. Since you won’t find it listed on Exchanges like WazirX and Vauld.
Star Atlas isn’t available on Binance, which is the primary crypto exchange I use.
However, it is available on the FTX exchange.
FTX is one of the biggest crypto exchanges to buy newly launched crypto tokens and coins.
However, the main purpose people use FTX for is trading leveraged tokens and services. You get pretty high margins and a multitude of derivatives (meaning more risky and rewarding) to trade. Think of FTX as Binance options on steroids.
FTX is much more active with their support. Their security protocols are updated more often compared to Binance, and they keep adding new tokens at a faster pace.
So overall, I consider FTX as the best way to buy any token that isn’t available on Binance.
Here’s how to buy Star Atlas (ATLAS) token from the FTX exchange in India.
Step 1: Sign up for FTX
The first step is to create an FTX account. If you don’t have one, head over to the FTX crypto exchange and create an account.
It’s free and doesn’t take much time to get your account activated.
Once your FTX account is activated, move on to the second step.
Step 2: Deposit USD to Your FTX Wallet
Right now, you can only trade ATLAS for USD.
There is no opposition to trade atlas for USDT or any other token.
So we need to deposit USD in our FTX wallet.
I recommend two options to deposit USD in your FTX wallet.
- Through an Indusind or Deutsche bank debit card or a neobank debit card – Fi.Money or Jupiter.Money
- Trading USDT or USD on FTX
If you wish to go ahead with the first method, which is to use a card to directly deposit USD in your FTX wallet, I recommend using an Indusind bank card – since it works perfectly fine.
To deposit USD using your bank credit/debit card, log in to your FTX account and click on the wallet. The select card deposit.
Enter your card details and wait for a few minutes until it gets approved. Then proceed to deposit by following the same process once again.
It should look something like this once your card is approved:
Debit cards by Fi and Jupiter are issued by Federal Bank, which gets filtered by the risk parameters pretty easily.
I do not recommend using your primary bank card – just for security reasons. Instead, use a secondary bank. In my case, I conduct all tests using my IndusInd account. Which has no use but to use it as a payment tool in tutorials like this.
You should begin depositing small amounts, equivalent to $50 per hour. If you deposit a large sum at once, the chances of your bank blocking your card for all FTX transactions are high.
I would not recommend using the second method – trading USDT for USD on FTX and then trading ATLAS for USD.
To do this, you need to buy USDT tokens. And then transfer these tokens to your FTX wallet, which will incur a lot of fees. Much higher than what you’ll pay as a conversion fee when you deposit Fiat USD.
Go to Vauld and buy the required USDT tokens. This should be equivalent to the amount you wish to trade ATLAS for.
Alternatively, you can also use WazirX to buy USDT.
However, you will get better rates with Vauld plus they charge about $12 as a network fee. Which compared to WazirX’s fee of $50 is super low.
Once you’ve purchased USDT from Vauld, you need to transfer it to your FTX wallet.
Login to your FTX account, click on the wallet link and then click on crypto.
Then scroll down and select USDT. Click on the Deposit button and copy the wallet address.
Go back to your Vauld account and click on Profile, then click on Settings.
Add the address you’ve copied from FTX to your Vauld safelist.
It will take 24 hours before you can withdraw any funds to this address. I highly recommend keeping safelists enabled.
Once 24 hours have passed and your FTX USDT wallet address is verified, initiate the transfer from Vauld.
To do that, go to your Vauld wallet and select USDT. Click on send and select the FTX wallet address.
It should take under 10 minutes for this transfer from Vauld to FTX to complete.
Once the transfer is complete, you will see the available USDT balance in your FTX account:
Moving on to the final step.
Step 3: Trade ATLAS for USD
Go to your FTX dashboard.
Click on the search bar and enter ATLAS.
Then proceed to trade ATLAS for USD by placing an order on the spot exchange.
That’s it! – you now own Star Atlas (ATLAS) token.
If you have USDT balance available, you can simply convert it to ATLAS in one click.
Go to your FTX wallet and scroll down to find USDT. Click on the convert button next to it.
Proceed to convert USDT to ATLAS – without having to pay any fees.
That’s it. You now know how to buy Star Atlas tokens from India.
This method applies to anyone looking to buy the ATLAS token. It’s just that it’s specifically tailored for Indian audiences.
If you’ve any questions, let me know.