Is Arweave a good investment?
Arweave has potential as a cryptocurrency investment. It has a well-defined use case, provides a unique service, and the number of partnerships it has established are a good sign since it shows what other organizations think of this storage coin.
To temper expectations, Arweave is still a high-risk project that's currently in the early stages. Permanent storage is a useful service, but it's one thing to promise it and another to deliver it. Arweave could run into unforeseen issues down the road as the amount of data it's storing grows.
It's also worth mentioning that Arweave's usability isn't the best. If you want to use it to store data, first you will need to use an Arweave-compatible blockchain wallet, find an exchange that sells AR tokens, buy some, and send them to your Arweave wallet. There is "how-to" documentation, but it requires several steps and potentially a new wallet and/or a new exchange.
Arweave wallet use will become simpler soon because a Metamask wallet "snap-in" extension for Arweave ("ArSnap") is under development -- but it's not released yet. By comparison, Arweave competitor Storj has a much more beginner-friendly interface and accepts credit card payments, so it's easier to use.
When you're investing in cryptocurrency, it's always good to take a measured approach. Arweave certainly has potential and could be a winner. At the same time, there are risks with every cryptocurrency, and Arweave is no exception. Investors should only put in money they can afford to lose and be prepared for price volatility.
How to buy Arweave
Buying options for Arweave are limited, at least if you're in the United States. Most of the major U.S. crypto exchanges haven't listed this cryptocurrency yet. Fortunately, there are a couple of places where U.S. investors can buy Arweave:
Internationally, Arweave is offered by Binance, KuCoin, Huobi Global, and Gate.io.
Although there are several storage coins on the market, Arweave is one of the most interesting. Its permanent storage and permaweb are both unique advantages that set Arweave apart. If you believe decentralized storage is the future, then this cryptocurrency could be worth buying or at least keeping an eye on.
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