How to Buy Story Protocol on Bitget

We’re using Bitget to buy $IP, the native token of Story Protocol. With 8M+ users, Bitget is a top-tier exchange offering 0.10% trading fees for both makers and takers, right in line with other major platforms. Plus, with access to 871+ cryptocurrencies, a futures trading market, and earning opportunities, it’s a solid pick for traders.

But here’s why Bitget made the cut: It’s not just about the low fees and trading options; Bitget also has a strong security index and, most importantly, full support for the Story network while offering the lowest withdrawal fees for $IP. That makes it a great choice, especially if you’re planning to transfer your tokens elsewhere. Here’s how you can get your hands on $IP using Bitget:

Step 1: Open your browser, head over to Bitget’s website, and sign up. Complete your KYC verification to unlock trading access.

Step 2: Once your account is set up and verified, go to the Bitget homepage. Hover over the “Trade” tab in the toolbar and select “Spot” from the dropdown menu.

Step 3: You’ll be taken to the Bitget Spot trading platform. Click on the “Asset” dropdown menu to explore the list of available cryptocurrencies.

Step 4: Use the search bar to type “IP”, then select the “IP/USDT” pair to trade Story Protocol’s $IP token.

Step 5: The trading interface will display key details about $IP, including price charts, order books, and trading tools for buying and selling.

Step 6: Find the Buy/Sell panel on the right-hand side, where you can choose between a “Market” or “Limit” order.

Step 7: In the “Total” field, enter the amount of $IP you want to purchase. You can either manually input the USDT amount or use the slider to allocate a portion of your balance.

Step 8: Review your order details carefully, then click “Buy IP” to confirm your Market or Limit order.

 

Fees When Buying Story Protocol on Bitget

Bitget keeps trading costs low with competitive fees. Both maker and taker orders are charged a 0.10% fee, meaning if you buy $100 worth of $IP, you’ll pay $0.10 in fees, leaving you with $99.90 worth of Story Protocol tokens. Additionally, holding Bitget’s native token (BGB) unlocks extra discounts, reducing the trading fee to 0.08% for both maker and taker orders.

 

How to Transfer $IP to a Web3 Wallet (MetaMask)

If you plan to transfer your funds to a Web3 wallet like MetaMask for transactions or interacting with decentralized applications on the Story network, these steps will come in handy. For this guide, we’ll use MetaMask, a widely used wallet that supports Story Protocol, but you can opt for any EVM-compatible wallet. Before moving your $IP tokens, ensure you’ve already added the Story network to your MetaMask wallet.

Step 1: Click the “User” icon at the top right corner of the Bitget homepage.

Step 2: From the user control menu, click the “Withdraw” button to initiate a Story Protocol ($IP) withdrawal from Bitget.

Step 3: You’ll be redirected to the withdrawal page. Select “IP” from the “Select a Coin” dropdown menu.

Step 4: By default, the Story network should be selected. If not, open the network list and choose “Story” for the transfer.

Step 5: Now, open your MetaMask or any Story-compatible Web3 wallet, and copy your receiving address from the “Receive” tab.

Step 6: Paste the copied $IP receiving address into the “Withdrawal Address” field.

Step 7: Once all details are entered, click the “Next” button to proceed with the withdrawal process.

Step 8: Enter the amount of $IP you wish to withdraw in the “Withdrawal Amount” field.

Step 9: Carefully review all transaction details, including the amount you’ll receive and any network fees. If everything looks correct, click “Withdraw” to complete the process.

If you’re using a different Web3 wallet, the process remains the same. Just make sure you’ve added the Story Protocol RPC details to your wallet for network compatibility. Once you submit your transaction, you’ll receive a confirmation message along with a transaction hash (TXN Hash). To verify the status of your withdrawal, copy the TXN Hash and check it on Story Explorer.

 

What is the Story Protocol?

Story Protocol is a US-based blockchain platform built specifically for managing intellectual property (IP). It empowers creators to register, monitor, and profit from digital assets such as images, music, and AI-generated content. Utilizing smart contracts, the platform enforces detailed usage terms like revenue sharing and licensing conditions. Its cross-chain capabilities ensure that IP transactions flow seamlessly across various blockchains, while integrated AI processing and zero-knowledge proofs boost both privacy and operational efficiency.

The platform’s native $IP Tokens signify ownership and rights over these digital assets. They enable creators to handle licensing, divide IP rights into fractions, and carry out peer-to-peer transactions with ease. Moreover, the system ensures transparent attribution, allowing users to verify the authenticity of digital content and enforce licensing agreements. $IP Tokens can also be leveraged as collateral in financial ventures, opening up new avenues for monetizing digital content.

 

Bottom Line

In today’s digital landscape, technology is key to safeguarding creative works. Intellectual property protection is vital for securing creators’ rights and fostering innovation. Story Protocol employs smart contracts and cross-chain functionality to offer a transparent platform for managing digital assets, ensuring clear attribution and secure monetization. This balanced approach helps creators and users navigate the evolving digital marketplace. If you’re looking to buy story as part of your digital asset strategy, Story Protocol is a noteworthy option to consider.

 

FAQs

1. Does holding $IP tokens grant me ownership of digital assets?

No, $IP tokens are primarily used for governance, transaction fees, and licensing. Ownership of digital assets still depends on smart contract agreements and registered IP rights on the blockchain.

 

2. Is Story Protocol compatible with other blockchains?

While Story Protocol is a Layer 1 blockchain, it has cross-chain interoperability features. This means it can integrate with other networks, allowing IP assets and licensing data to be used beyond the Story ecosystem.

 

3. How does Story Protocol prevent unauthorized IP usage?

The platform uses blockchain immutability, smart contracts, and AI-powered tracking tools to detect unauthorized use. Additionally, zero-knowledge proofs ensure privacy while verifying ownership claims.

 

4. Are there any tax implications when buying or selling $IP tokens?

Yes, depending on your jurisdiction, trading or holding $IP tokens may be subject to capital gains tax or other crypto-related regulations. It’s advisable to consult a tax professional for precise guidance.

 

5. What makes Story Protocol different from traditional copyright systems?

Unlike traditional copyright systems that rely on centralized databases and legal enforcement, Story Protocol provides a decentralized and automated way to register, track, and enforce IP rights globally.