How to Buy JasmyCoin the Easy Way: A No-Frills Guide

What's the best way to stave off the routine and monotony as a crypto investor? By trying out a new token, of course! If you feel like your portfolio's been stale lately, let me introduce you to JASMY! Find out what this crypto is and how to buy JasmyCoin in this comprehensive guide.

Popularly dubbed “Japan’s Bitcoin”, JASMY strives to usher in a new era of “decentralized data democracy”. It’s a native token of the eponymous proprietary blockchain that powers a secure, privacy-focused Internet of Things (IoT) platform.

If any of this sounds like your kind of jam, you’re in luck – several major crypto exchanges have got you covered! In this guide, you’ll learn how to buy JasmyCoin on Binance, Kraken, and Coinbase in just a few easy steps.

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​​What are the Best Platforms to Buy JasmyCoin?

Don’t you just hate that feeling when you discover a new crypto coin and get all excited, only to discover there’s no convenient way to get your hands on it? Fear not – you won’t run into this trouble when learning how to buy JasmyCoin!

Thanks to its ambitious mission and clever branding, JasmyCoin has already been adopted by 32 centralized exchanges and 2 DEXs. In this article, I will focus on the 3 top-rated platforms I recommend buying this coin on:

• Binance is currently the best-rated crypto exchange with the largest user base globally. It offers competitive fees, a large selection of 500+ cryptocurrencies, and additional trading options like P2P. Binance has two JasmyCoin spot trading markets, a perpetual contract with up to 5x leverage, and flexible staking with 0.06% APR.
• Kraken comes with a flexible yet intuitive interface, well-suited for beginners. It has 270+ cryptocurrencies and offers spot, futures, and copy trading. Kraken is the best platform to trade JASMY with fiat currency and has the highest leverage option of up to 20x, but no staking.
• Coinbase is a highly secure centralized exchange with a number of related products, such as a self-custodial Web3 wallet. It has two JASMY stablecoin spot trading pairs and a perpetual contract but no leverage or staking option.

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How to Buy JasmyCoin on Binance

If you’re looking for a reliable and straightforward crypto exchange to buy just about any mainstream coin you can think of, you couldn’t go wrong with Binance. It’s the leading centralized crypto exchange when it comes to trading volume, fees, and choice of cryptocurrencies. Binance is also the number one exchange for JASMY: as of writing this, it makes up almost 28% of JasmyCoin’s total trading volume.

You have 3 choices of how to buy JasmyCoin on Binance: direct purchase using fiat currency, swapping with another cryptocurrency, or spot trading. You can choose between two spot trading pairs: JASMY/USDT and JASMY/TRY. More experienced investors can try futures trading with JASMY/USDT perpetual contract or flexible JASMY staking with 0.06% APR.

Log in to your Binance account (or create one with the help of this guide), and let’s get going!

Buy JASMY With a Credit/Debit Card

Step 1: Go to the Binance homepage and click [Buy Crypto] in the top left corner.

Step 2: Type in the amount of fiat you want to pay. For a credit/debit card purchase, the minimum amount is $15.

Step 3: Select the fiat currency you want to use by finding it on the list or typing it into the search bar. Binance supports over 300 fiat currencies.

Step 4: Select the crypto you want to buy: scroll down to find JASMY on the list, or simply type it into the search field.

Step 5: Click on the payment method to pick one, then click [Confirm]. If you’ve already added your card details, skip to step 8.

Step 6: Click [Add New Card].

Step 7: Fill out your card information and click [Confirm].

Step 8: Review your order, check the Terms of Use box, and click [Confirm].

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Swap Another Cryptocurrency for JASMY

Step 1: Make sure you have another cryptocurrency in your account balance you can swap JASMY for.

Step 2: Hover your mouse over [Trade] on the top menu bar and click [Convert & Block Trade].

Step 3: Click on the “From” selection bar and scroll down to find the asset you want to swap JASMY for, or type it into the search bar.

Step 4: Click on the “To” selection bar and scroll down to find JASMY or type it into the search bar.

Step 5: Type in the amount you want to swap (the minimum value is 0.01) and click [Preview conversion].

Step 6: If the details are correct, click [Convert].

Buy JASMY on Binance’s Spot Trading Market

Step 1: Make sure you have USDT or TRY in your account – those are the only available spot trading pairs for JASMY.

Step 2: Hover your mouse over [Trade] on the top menu bar and click [Spot].

Step 3: Type JASMY on the right-side panel to find the available spot trading pairs.

Step 4: Select your order type, choose the amount of JASMY you want to buy and click [Buy JASMY].

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How to Buy JasmyCoin on Kraken

Kraken is one of the oldest crypto exchanges and an established household name in the crypto community. Thanks to its Standard and Pro versions and an intuitive interface on both desktop and mobile apps, it’s great for beginners who want to find out how to buy Jasmycoin without too much hassle.

Buying JasmyCoin on Kraken is pretty simple: you can purchase it directly with your credit/debit card, convert another cryptocurrency to JASMY, or buy it on the spot trading market. Like Binance, Kraken offers two spot trading pairs: JASMY/USD and JASMY/EUR. If you want to know where to buy JasmyCoin with fiat currency, Kraken is your best shot.

As a side note, Kraken is a worthy choice for those who prefer higher leverage: the JASMY perpetual contract offers up to 20x leverage. Unfortunately, there’s no staking option for JasmyCoin on Kraken.

Before I walk you through all the JasmyCoin buying opions – if you haven’t signed up on Kraken yet, you can refer to this guide to help you get started.

Buy JASMY With a Credit/Debit Card

Step 1: Log in to your Kraken account and click [Buy] on your dashboard.

Step 2: Click [Add payment method] and follow the instructions. If you’ve already added one, proceed to the next step.

Step 3: Scroll down to find JASMY on the list or type it into the search bar.

Step 4: Click [Review] to check your order details.

Step 5: Check the box and click [Confirm].

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Swap Another Cryptocurrency for JASMY

Step 1: Make sure you have a sufficient balance of another crypto asset in your Kraken account.

Step 2: On your dashboard, click [Convert].

Step 3: Select the cryptocurrency you want to convert from.

Step 4: In the “Convert to” window, scroll down to find JASMY on the list or type it into the search field.

Step 5: Type in the amount you want to convert and click [Review].

Step 6: Review your order details and click [Confirm].

Buy JASMY on Kraken’s Spot Trading Market

Step 1: Ensure that you have sufficient fiat currency in your balance – on Kraken’s spot trading market, JasmyCoin can only be traded for fiat.

Step 2: Click on the following icon in the top right corner and select [Kraken Pro] to switch to the Pro mode and access the spot trading functionality.

Step 3: Go to the search bar in the top left corner and type JASMY to find the available spot trading markets. You can pick between JASMY/USD and JASMY/EUR.

Step 4: Select your preferred order type.

Step 5: Type in the amount of JASMY you want to buy or the amount of fiat currency you want to sell for it, then click [Buy JASMY].

Step 6: Review your order details and click [Confirm].

How to Buy JasmyCoin on Coinbase

Coinbase is known for its rigorous vetting process when it comes to coin listing. JasmyCoin’s explosion during the second half of December 2024 has no doubt left many people wondering, “Is JASMY listed on Coinbase?” As it turns out, JASMY was available on Coinbase a few months earlier than on both Binance and Kraken! Let me get you up to speed on how to buy JasmyCoin on this platform.

As with the other two exchanges, you have three options: direct purchase with a credit or debit card, conversion from another cryptocurrency, or spot trading. The latter includes two trading pairs: JASMY/USDT and JASMY/USDC; as you can see, Coinbase is a good option for those who prefer trading with stablecoins. There’s also a perpetual contract for JasmyCoin but no staking option.

Buy JASMY With a Credit/Debit Card

Step 1: Navigate to your dashboard and click [Buy crypto].

Step 2: Type in the amount of fiat currency you want to pay.

Step 3: Scroll down to find JASMY on the list or type it into the search bar.

Step 4: Click [Review order].

Step 5: Check your order details and click [Buy now].

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Swap Another Cryptocurrency for JASMY

Step 1: Make sure you have a sufficient balance of another crypto asset in your Coinbase account.

Step 2: On your Coinbase dashboard, click [Convert] on the right-side panel.

Step 3: Click “From” and select the asset you want to convert to JasmyCoin.

Step 4: Click “To” and select JASMY from the list (or type it into the search bar).

Step 5: Type in the amount you want to convert and click [Review order].

Step 6: Check your order details and click [Convert now].

Buy JASMY on Coinbase’s Spot Trading Market

Step 1: Click [Advanced] in the bottom left corner to access Coinbase’s Pro features, including spot trading.

Step 2: Type JASMY into the search bar to find the available spot trading markets.

Step 3: Select the order type and fill in the amount of JASMY you want to buy.

Step 4: Review your order details and click [Buy JASMY].

What Are the Key Considerations When Buying JasmyCoin?

Now that you’re aware of all the possibilities of how to buy Jasmycoin, don’t rush to test it out just yet – it’s time to step back a little and think it through. Investing in a cryptocurrency you’ve never tried before is no easy decision, and there are a number of factors you need to consider first:

• Regulatory Compliance: If you’re wondering, “Is JasmyCoin legal in my country?”, and don't know for sure - you'd better do your research! There have been cases of individual cryptocurrencies getting banned, so make sure to find out the situation of the specific token you want to buy.
• Utility: The performance of governance tokens like JasmyCoin is directly tied to their platform’s success and popularity. Find out how Jasmy is doing and where it’s headed to make an educated guess about its potential.
• Market Volatility: All cryptocurrencies are subject to price fluctuations, and this applies even more to less mainstream altcoins like JasmyCoin. Be prepared for sudden changes and evaluate your risk tolerance before taking the plunge.

• Price and Timing: Is JasmyCoin a good investment right now? Monitor JASMY’s price trends to find the best window of opportunity. Try to resist FOMO and avoid impulsive buying during sudden spikes without proper research.
• Transaction Fees: Consider transaction fees on exchanges or wallets when buying or transferring JasmyCoin. These can vary significantly between platforms.
• Crypto Exchange: Take your time to shop around and decide where to buy JasmyCoin from. Make sure the exchange has a good reputation, high liquidity, and strong security measures.

And here are the three factors you should think about once you have JASMY in your portfolio:

• Storage: Use a secure third-party wallet to store your JasmyCoin, such as a hardware wallet or a reputable software wallet, to protect your assets from hacking attempts and technical or regulatory issues.
• Diversification: As the saying goes, don’t put all your eggs in one basket. Avoid over-investing in JasmyCoin – diversify your portfolio to manage risks effectively.
• Exit Strategy: Plan your strategy for selling or holding JasmyCoin in advance, considering your financial goals and market conditions.

A Brief Overview of JasmyCoin

At this point, you have all the hows – but what about the whys? Knowing where this coin comes from and what makes it different could go a long way in helping you decide if JASMY is right for you. With that in mind, let me add another layer of perspective by treating you to some background context and basic facts about “Japan’s Bitcoin”.

What is JasmyCoin?

The Jasmy Corporation was founded in 2021 by Kazumasa Sato and Kunitake Ando. The team's credentials alone gave the project an impressive start: Ando was the president of Sony Corporation between 2000 and 2005, and many other team members have had prominent roles in this company, too.

In a nutshell, the Jasmy platform uses IoT devices to collect data on behalf of the users. The Internet of Things encompasses all devices that wirelessly connect to a network and other devices to exchange data with them – such as your laptop, smartphone, fitness tracker or any other wearable, to name a few.

There has been some discussion about the potential of integrating blockchain technology with IoT for increased security and efficiency.^[1] Jasmy is one of the first companies that came up with specific solutions. It acts as a sort of data marketplace between users and companies that need their data for their products or services.

On Jasmy, your data is stored in an off-chain solution called Personal Data Locker (PDL) that keeps it private. Before being managed on the blockchain, the files are hashed (converted into an un-discoverable form).

The platform is powered by two core services:

Where does the JASMY token come into the picture, then, you ask? It’s simple – JASMY is the platform’s native token users get paid with in exchange for their data. Companies using the Jasmy platform also pay their service fees in JASMY tokens.

Table: JasmyCoin's tokenomics

JasmyCoin was released in 2021 through an Initial Coin Offering (ICO). The coin first came out as JMY but was later renamed into JASMY (which definitely rolls off the tongue better, if you ask me).

Here’s what the JASMY token distribution looks like:

• 30% are owned by the company and intended as users' rewards;
• 22% were allocated to investors (business financing);
• 20% went to a developer plan to support new directions for the project;
• 10% were allocated to an airdrop;
•  9% were reserved for the developer team and company employees;
• 8% were set aside for business operations;
• 1% was unaccounted for.

JasmyCoin conforms to Ethereum’s ERC-20 standard. Interestingly, it uses two consensus mechanisms instead of just one like most other tokens – Proof of Stake (PoS) and Proof of Authority (PoA). This hybrid approach reaps the benefits of both mechanisms: PoS brings robust security and decentralization to the table, while PoA offers superior speed and efficiency.

In August 2023, the company announced the launch of Jasmy Chain, a layer-2 solution for Ethereum, which optimized the whole ecosystem to an even higher level. As of writing this, it has over 600 transactions per day and has set a target of 107 million active users.

JasmyCoin Price Trends

Have the Jasmy platform and its native token piqued your interest yet? If so, it’s time to start crunching the numbers! The best way to answer the question, “Is JasmyCoin a good investment?” is to take a look at its market performance.

Right upon release, JasmyCoin hit the ground running. Within twelve days of the launch date, it rapidly surged from the starting price of $0.614943 to an all-time high of $4.79 on February 16, 2021.

That constitutes a 678.93% return on investment – probably not all that impressive compared to the most explosive meme coins (for comparison, Trump Dogs coin surged by a staggering 3386% last week!), but definitely respectable by regular altcoin standards.

Unfortunately, this initial bang didn’t sustain itself: four days later, the JasmyCoin crypto price fell by half, and less than half a year later, it sank below the launch price, bottoming out at $0.01054851. After that, JasmyCoin’s trajectory stayed relatively flat.

JASMY’s market cap had a more dynamic journey with more bumps and ridges along the way. In November 2021, it surged to $1,25 billion, with a 24-hour trading volume of $620 million. The market cap rose again in March 2023 and then again a year later, where it kept growing until it reached the peak of $2,8 billion, coinciding with the price explosion at the start of December 2024. The daily trading volume at the time was over $2 billion.

After years of flying below the radar, it rose to $0.057692 on December 6, 2024. As of writing this, JASMY costs $0.019 - a 24% increase compared to where it was a week ago, but nowhere close to the all-time high, albeit still a 10% gain over the year. The market cap is $960 million, and the community sentiment is a whopping 91%, pointing to a bullish trend.

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Is JasmyCoin a Good Investment?

Familiarizing yourself with the JasmyCoin crypto price trends can be helpful, but it’s still only one piece of the puzzle. To find out if JASMY is worth it, we have to dig deeper. What are the factors most likely to influence this coin’s success? Have there been any developments that might tip the scales in either direction?

Let’s take a look at some of the stats I didn’t mention in the earlier sections. As I already noted, JasmyCoin has amassed over 84,000 holders – but did you know that 51.26% of them are whales (wallet addresses holding over 1% of the coin’s total supply)? During JASMY’s December boom, whales bought a total of 44.52 million tokens.

This might be a red flag for JASMY’s sustainability as a token – such a centralized distribution is often an indicator of market manipulation and speculative tendencies.^[2]

On the other hand, JASMY traders’ habits suggest a more balanced approach: 50% of the JasmyCoin investors are long-term holders, with only 12.68% being short-term traders, and the rest falling somewhere in between. This shows that a significant percentage of the holders see the token as a worthy long-term investment rather than just a pump-and-dump scheme.

As for the short-term price predictions, a number of experts who’d set out to answer the question, “Is JasmyCoin a good investment?” have identified something called the “Bullish Bat Harmonic Pattern” in the coin’s charts – a trajectory characterized by a symmetrical dip-and-rise series that resembles the shape of a bat’s wings. This means that JASMY might experience a bullish reversal, rising to $0.6 or higher.

When it comes to long-term trends, however, governance tokens typically derive their value from the platform they’re native to. What does the future hold for the Jasmy platform, then?

It’s hard to get a handle on its growth at this stage, although the platform's social media channels point to active development. The JASMY token is already listed on 32 centralized exchanges (including KuCoin and Bybit, aside from the three featured in this article) and two DEXs, and the list is still growing.

The platform itself keeps expanding, too. Jasmy has recently launched partnerships with Novacellum Inc. and Bio Medica Solution Inc., collaborating on a personalized immunotherapy cancer treatment project. In 2024, Jasmy incubated a new platform, Janction – a layer-2 solution for decentralized AI. With these developments, it’s likely we haven’t seen the last of Jasmy yet!

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Conclusions

When it comes to crypto trading, the saying “time is money” often takes on a literal meaning. Hopefully, I was able to save you some down the road! Now that you know how to buy JasmyCoin, all that’s left for you to do is choose your exchange. Binance, Kraken, and Coinbase are all excellent options.

JasmyCoin is a governance token to the eponymous platform that lets users store their data from interconnected devices and sell it to companies in exchange for the token in question. JASMY might be a good investment for you if you’re already using the platform.

If not, you might still consider JasmyCoin because of its explosive potential. However, its price has been known to fluctuate, so it’s best to do your own research and consider your decision from every angle.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

Scientific References

1. Tyagi, A.K., Dananjayan, S., Agarwal, D. and Thariq Ahmed, H.F.: 'Blockchain—Internet of Things Applications: Opportunities and Challenges for Industry 4.0 and Society 5.0';

2. Chernoff, A. and Jagtiani, J.: 'Beneath the Crypto Currents: The Hidden Effect of Crypto “Whales"'.