How to Buy Stratis (STRAT) | A Step-by-Step Guide

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How to Buy Stratis (STRAT)

The Stratis (STRAT) token is used to transfer value across the Stratis blockchain developer platform. Stratis has been available to purchase and trade for well over a year on numerous trading platforms. The simplest and most convenient way to acquire Stratis is by trading your Bitcoin or Ethereum for Stratis within the Binance or Bittrex exchanges.

This might seem difficult to many users, which is why we’ve made this step-by-step guide explaining the whole process for both of the above exchanges.

The Exchanges We’ll Be Using

ExchangeTrading FeesWithdrawal LimitsReviewVisit


0.1%2 BTC equivalent / 24 hours w/ no verification

100 BTC equivalent / 24 hours w/ "Level 2" Verifcation

Binance Review

Visit Binance

bittrex altcoin exchange logo SMALL


0.25%.04 BTC equivalent / 24 hours w/ "Basic" verification

100 BTC equivalent / 24 hours w/ "Enhanced" Verification

Bittrex Review

Visit Bittrex

How to Buy Stratis (STRAT) on Binance

On average, Binance is the exchange with the highest volume of Stratis trades each day, making it an excellent choice for the budding Stratis investor. Binance is an industry leader with an excellent reputation, and it also charges very low transaction fees of only 0.1%. Here’s how you set up your Binance account and start buying Stratis.

1) Create Your Binance Account

The first step is to sign up for a Binance account. Registration is simple, only requiring an email address and to create a password.

Binance Sign up Register

Once you've submitted the registration form, you'll need to verify your email address. This is simply done by clicking the link Binance has emailed you.

Binance Email Sent Sign Up Confirmation

2) Secure Your Binance Account

Upon logging into your account for the first time, you'll likely be prompted to enable 2-Factor Authentication (2FA). While this is not required, it's highly recommended.

Binance 2FA Prompt

2FA helps to secure your account by requiring an additional passcode when login attempts are made. Binance offers 2FA through the Google Authenticator App and SMS text messaging. We recommend using Google Authenticator, as SMS 2FA has known security vulnerabilities.

Once you select Google Authenticator, Binance will show you step-by-step how to set it up.

Binance Google Authenticator Set Up

You can also set up 2FA at any time from your "Account" page.

Binance Account Page

From your "Account" page, you'll also be able to submit verification documents, should you need higher withdrawal limits than the default 2 BTC equivalent per 24 hours.

3) Deposit Bitcoin or Ethereum to Binance

Locate the "Deposits" page, under "Funds" in the main menu. Here you can search for the cryptocurrency you want to deposit. We recommend Ethereum over Bitcoin, as it's faster and has lower network fees (fees from their respective networks, not Binance).

In this example, we'll be depositing 1 ETH.

Binance Deposit Ethereum Step 1

Once you've selected the cryptocurrency you want to deposit (in our case Ethereum), Binance will give you an address where you can send your deposit.

Binance Deposit Ethereum Step 2

After you've sent funds to the given address from your cryptocurrency wallet, your deposit will soon show up as pending while it completes the required number of block confirmations. For our ETH deposit, it took about 5 minutes for our deposit to be completed. Other cryptocurrencies like Bitcoin, that have longer block confirmation times, will take longer to deposit.

Binance Pending ETH Deposit New

4) Buy Stratis (STRAT) with Bitcoin or Ethereum

Locate the Exchange button in the top menu (1). Hovering above the button reveals a drop-down window with two options, Basic and Advanced. For your purposes the Basic exchange will most likely meet your needs, so select that choice.

On the upper-right portion of the Basic exchange screen, you will see the four available trading pairs on Binance. These are written as BTC (Bitcoin), ETH (Ethereum), BNB (Binance Coin), and USDT (U.S. Dollar Tether). Directly beneath those pairs is a search bar where you can type the trading symbol STRAT (for Stratis). Stratis can only be traded for Bitcoin (BTC) or Ethereum (ETH), so select your preferred trading option (2).

Binance Buy Stratis STRAT

This brings you to a candlestick-style market chart where you can see the price movement of Stratis against your chosen cryptocurrency. The current price value of Stratis is shown by the moving indicator on the right side of the market chart. Beneath the market chart are two order forms titled ‘Buy STRAT’ and ‘Sell STRAT’.

Under the ‘Buy STRAT’ heading you are given the option to place a market order or a limit order (3).

Placing a market order automatically sets your purchase price at current market value after you type in the amount of Stratis tokens you wish to purchase. Simply press the Buy STRAT button and the order will be immediately filled.

Alternatively, the limit order option allows you to enter the amount of STRAT you want to buy as well as the limit you’re willing to pay for it. Whether or not your order is filled, however, depends on if any sellers are willing to accept your price offer. Limit orders that haven’t been filled yet are considered pending, and users have the option of cancelling any pending orders before they go through.

On both order form options, limit and market, you will see four selectable percentages. These options are calculators that automatically input the necessary prices or amounts which allow you to spend 25%, 50%, 75%, or 100% of your available BTC or ETH on your Stratis transaction.

Your newly purchased STRAT will be available in your account balance after executing the transaction. Note that Binance’s 0.1% fee will be taken out of the Stratis you purchased.

Binance Stratis Balance

From there you can transfer your STRAT into a secure STRAT wallet.

Buy STRAT on Binance

How to Buy Stratis (STRAT) on Bittrex

Bittrex is another great platform on which to buy Stratis. Some key differences between Bittrex and Binance are that Bittrex charges a higher transaction fee of 0.25% compared to Binance’s 0.1%. Bittrex also requires users to complete a “basic verification” in order to withdraw funds, which entails giving Bittrex personal information like your name, address, and birthdate.

Keeping all that in mind, here’s a step-by-step guide to buying Stratis on Bittrex.

1) Sign Up to Bittrex

To begin creating your Bittrex account, you’ll need to enter your email and choose a password.

Bittrex Sign Up

2) Verify and Secure Your Bittrex Account

Since Bittrex requires you to verify your account to make withdrawals, we recommend starting this process immediately. To do this, locate the verification tabs under your account's settings.

"Basic Verification" requires your name, date of birth, and address. The information you submit will be automatically checked against public records. Once "Basic Verification" is completed, you'll be able to withdraw up to the equivalent of 0.4 BTC per day.

Bittrex Basic Verification

If Bittrex is unable to verify your "Basic Verification" information or you need greater withdrawal limits, you can go through their "Enhanced Verification" process. This will require a photo or scan of a government issued ID, as well as a "selfie" of you. Once "Enhanced Verification" is complete, you'll be able to withdrawal up to the equivalent of 100 BTC per day.

Bittrex Enhanced Verification

In addition to verifying your account, you should also take time to enable 2-Factor Authentication (2FA). Bittrex encourages all users to do this and we second this recommendation. 

Bittrex offers 2FA via Google Authenticator.

Bittrex 2FA

3) Deposit Bitcoin or Ethereum to Bittrex

To make a deposit onto Bittrex, locate the "Wallets" page in the menu of your account. You can use the search bar to find the cryptocurrency you want to deposit.

Once you’ve found the cryptocurrency you want to deposit, click the “+” symbol next to it. After clicking “+” a deposit address will be shown where you can send your crypto.

Bittrex Deposit

Once you've sent funds to your bittrex account, you can view them under your pending deposits. Each cryptocurrency requires a specific number of block confirmations before being credited to your account. Due to its faster block times, Ethereum allows for far quicker deposits than Bitcoin.

4) Buy Stratis (STRAT) on Bittrex with Bitcoin or Ethereum

Click the Bittrex logo on the top-left corner of the webpage. This will take you to a page displaying the various cryptocurrency markets.

Type STRAT into the search bar on the far right of the page and then select your preferred trading pair (BTC-STRAT or ETH-STRAT).

Bittrex Stratis STRAT Markets

You are presented with a lot of information on this new screen. The top-left area has a candlestick-style market chart and the top-right area has price information. Below those two sections are two separate order forms titled ‘BUY STRATIS’ and ‘SELL STRATIS’.

Bittrex Buy Stratis STRAT

In the ‘BUY STRATIS’ form, you can enter the amount of Stratis tokens you wish to purchase on the Units line. Underneath that on the Bid line, you will see a blue Price button with a drop-down-menu. This gives you four price options: Last (the most recent sale price), Bid (the current price being offered by buyers), and Ask (the current price being requested by sellers). Select the option that suits your needs or input your own price on the line.

Once you have typed in the necessary information and are ready to make your purchase, select the blue ‘+ Buy STRAT button at the bottom of the order form. Should you need to cancel your order before it has been filled, there is an option to do so in the ‘OPEN ORDERS’ section further down on the page.

Upon completing the transaction, your newly purchased Stratis will be available in your Bittrex wallet. Note that Bittrex’s 0.25% fee is taken out of the Bitcoin or Ethereum you used to purchase STRAT. From there you can withdraw it using the “-” button.

Bittrex Stratis STRAT Balance

Buy STRAT on Bittrex


Following the above guide should make buying Stratis a painless affair. Perhaps the biggest obstacle to many users is that there are very few options available to purchase the tokens with fiat currency. This adds the extra step of converting your fiat to Bitcoin or Ethereum before you can purchase Stratis on exchanges such as Binance or Bittrex.

I’m an American teacher, living and working in Korea, who developed a passion for cryptocurrency early last year. As a political and financial Libertarian, I find the concept of bankless, blockchain-based-commerce absolutely intoxicating. My goal is to help people SAFELY enter the world of crypto through education and non-biased writing.

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