Buying a Masternode

Firstly and obviously, to buy your own masternode, you will have to choose a crypto currency that is using the masternode’s securing consensus.

In order to own a masternode, you will need to buy enough tokens of the cryptocurrency, also called a collateral. Each masternode has its own minimum amount of tokens.

Here are 3 ways to buy a masternode:

• buy directly a masternode to the developers’ team, for example when a new coin is launched, a few are available at a good price.
• mine with your machines the necessary number of coins to own one complete masternode
• buy the coins on an exchange 

Once you have bought the right amount, you will have to send them on the official wallet of the crypto currency, that you can find and download on each crypto’s website.

The wallet, then needs to be set up and secured in order to keep your coins safe; and you will have to complete a transaction of the exact amount of the collateral to yourself, in order to get a blockchain proof that you actually own the needed amount of tokens to open a masternode. 

Next step: How to set up and run your masternode?