HomeSecretHow and where to buy Secret (SCRT) in 3 steps
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How and where to buy Secret (SCRT) in 3 steps

Secret (SCRT)
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Author: Alexander Buckley Updated: March 21, 2022

Secret Network is a privacy blockchain built using the Cosmos software development kit. The main thing that attracts developers is the Secret’s underlying philosophy that privacy is a basic human right. With this in mind, Secret facilitates developers building decentralised applications (dApps) with a suite of adaptable privacy features. These privacy controls are what set Secret apart from most other blockchains. 

Secret’s native token, SCRT, is used by engaged parties to vote on governance decisions that set the direction of Secret’s future roadmap. SCRT can also be staked on the network. This helps maintain the network’s proof of stake consensus. The benefit for SCRT token holders and stakers, in addition to having a say in what happens within the ecosystem, is that they can earn staking rewards in SCRT. 

This page will take you through the process of purchasing Secret (SCRT) and using the coin in the best way possible. It will also delve into the best secure wallets in which to store SCRT and cover the main reasons Secret might be a good buy. 

If you’ve already made your mind up and would like to buy Secret right away, check out our recommended broker below. 

1
Min. Deposit
$1
Promotion
User Score
10
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Description:
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
Payment Methods
Credit Card, Debit Card, PayPal, Payeer, SEPA, Western Union, Wire Transfer, Yandex Money
Full regulations list:

3 steps to buy Secret (SCRT) 

Step 1: Sign up to a broker or exchange

The first step to acquiring some SCRT is to create an account on a cryptocurrency exchange or brokerage. Signing up for a trading platform takes a few minutes. You’ll need to provide your contact information and some basic I.D. to create an account.

Step 2: Deposit funds

Once you’ve created an account, you'll need to deposit some funds into your portfolio so you can start trading assets. Deposits can be made using a credit/debit card or a bank transfer. It’s quicker to use your credit or debit card as transfers will only take a few minutes with a verified card. 

Step 3: Buy Secret

Search for Secret’s native token, SCRT, on your chosen trading platform. Enter the amount of SCRT that you’d like to purchase, then click the buy button. Your SCRT will appear in your account within a few seconds. 

Where to buy Secret (SCRT)

You can buy Secret (SCRT) and other cryptocurrencies from various trading platforms and decentralised exchanges. To help you out, we’ve provided a list of our recommended exchanges and brokerages below for you to get started with. 

1
Min. Deposit
$1
Promotion
User Score
10
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Description:
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
Payment Methods
Credit Card, Debit Card, PayPal, Payeer, SEPA, Western Union, Wire Transfer, Yandex Money
Full regulations list:
2
Min. Deposit
$0
Promotion
User Score
9.3
All swaps are custody-free, with no registration needed
Convert 500+ crypto assets instantly
Best exchange rates among the whole cryptocurrency market
Start Trading
Description:
Swapzone is a crypto exchange aggregator that operates as a gateway between the cryptocurrency community and exchange services. Swapzone aims to provide a convenient interface, safe user flow, and crystal-clear data for users to find the best exchange rates among the whole cryptocurrency market.
Payment Methods
Full regulations list:
3
Min. Deposit
$0
Promotion
User Score
8.7
Trade a variety of digital assets like Bitcoin, Ethereum, Solana, Dogecoin and 100's more with low trading fees
Stake FTT to get benefits
1% of all net fees will be donated to the world's more effective charities
Start Trading
Description:
FTX is a cryptocurrency exchange built by traders, for traders. FTX offers innovative products including industry-first derivatives, options, volatility products and leveraged tokens. We strive to develop a platform robust enough for professional trading firms and intuitive enough for first-time users.
Payment Methods
Full regulations list:

Why buy Secret?

In a world in which people’s data is freely used for purposes they are often unaware of, privacy is an intangible thing that’s in high demand. 

With Secret, the development tools on offer allow potential dApps creators to make privacy enabled decentralised finance (DeFi) applications for a variety of financial use cases. Investors can choose to keep their transactions away from prying eyes and can also stake any SCRT holdings they have to earn interest while contributing to the fair and balanced operation of Secret’s consensus mechanism. 

Secret’s Network is also home to an NFT marketplace that gives NFT holders the ability to hide certain aspects of their ownership from the public. There are many use cases for this. Number one is that the identity of an owner, which can be worked out on most blockchains, can be kept from view. This is important when it comes to sealed bid auctions. Keeping the NFT collector's wallet information confidential prevents any balance—visible on most other blockchains—from being weaponised by a competing bidder.

For NFT creators, privacy tools can be implemented to decide who can view their full content. This is ideal for artists who want to reward avid community members with NFT surprises. In addition, privacy elements can be used to prevent image theft. The NFT artist can produce a low resolution or watermarked image that automatically unlocks the high-resolution image for whoever buys the NFT.

In addition to these things, Secret also hosts dApps such as Alter, a private messaging application for protecting user data and identities; Secret Auctions, a decentralised peer-to-peer auction house; Jackal, a decentralised cloud storage application, and more. 

If you like what the Secret network has on offer and can see potential in a project that genuinely tackles the thorny issue of privacy, it could be well worth getting some SCRT. You can buy Secret easily here now.

Where to store your SCRT

You can keep your SCRT tokens on your chosen trading platform, where you'll be able to trade them and stake them using its staking services. If you’d like more control over your funds, and greater security, then sending your tokens to a personal non-custodial wallet is a good idea.

Wallets such as Metamask and Trustwallet are used by millions of crypto investors and users around the world. Non-custodial hardware wallets such as Ledger Nano S are also great for securing your assets safely. Hardware wallets provide the greatest security when it comes to safeguarding your funds and managing your wallet. You can use our list of recommended hardware wallets below to discover more.

1
Min. Deposit
-
Promotion
User Score
10
Go offline and hold your coins
1000+ coins supported
Transparent security
Start Trading
Payment Methods:
Bitcoin, Credit Card
Full Regulations:
2
Min. Deposit
-
Promotion
User Score
9.3
The worlds most popular hardware wallet
Buy, Manage and Secure your crypto in one place
Compatible with over 100+ cryptocurrencies
Start Trading
Payment Methods:
BitPay, Credit Card, PayPal
Full Regulations:

Frequently Asked Questions

  1. NFT stands for non-fungible token. Non-fungible in this sense means something that has been created that is unique and not interchangeable. Compare a rare piece of art with a 1oz gold coin. The rare piece of art is unique. Though it can be copied, there will only be one original. Think of the Mona Lisa. There are many prints and copies, but there is only one Mona Lisa. This piece of art is non-fungible. This is true of every piece of art you might see in a gallery. The 1oz gold coin on the other hand is fungible. It can be swapped for another 1oz gold coin and it wouldn’t make much difference. Other things that are swapped on a like-for-like basis—that are fungible—include fiat currencies, such as the dollar and cryptocurrencies.

  2. You can store SCRT on Ledger Nano S and X, but first you’ll need to install the Cosmos Ledger application.  A guide on how to set up your Ledger for SCRT can be found here.

  3. A list of Secret’s most popular dApps can be found on the Secret Network website. There, you’ll be able to explore what the Secret ecosystem has to offer and read about the specialities of each dApp thoroughly.

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