How and Where to Buy WEMIX – An Easy Step by Step Guide

What is WEMIX?

The WEMIX Network is a global blockchain gaming platform with an interconnected gaming ecosystem. Users can move smoothly from one game to the next keeping their items and collectibles  as NFTs

Any users playing the games can earn WEMIX tokens as a reward for participation. Each game can also have their own game tokens which can be earned, traded and spent. 

The network is  designed as a multi-chain network to maximize transaction speeds and lower costs. There is a main public chain used for digital asset management while a multi-chain handles the service and background infrastructure of the games. These service chains operate as private blockchains which are intended to provide a higher throughput.

If you want to buy WEMIX tokens online, you’ll need to use a cryptocurrency exchange. This is an online platform for trading digital assets. Some exchanges will let you buy crypto using a credit or debit card. However others are crypto-only altcoin exchanges, these are exchanges that do not handle fiat money. On these altcoin exchanges you can only trade crypto tokens like WEMIX for other crypto tokens.

Currently WEMIX is not available for purchase using fiat money. You’ll need to buy a cryptocurrency like Bitcoin (BTC) or Ethereum (ETH) on a cryptocurrency exchange like CryptoWallet.com or Coinbase. Then you can trade these for WEMIX tokens on an altcoin exchange.

If this sounds confusing – don’t worry! We’ve got you covered with our easy step-by-step guide to buying WEMIX tokens online using CryptoWallet.com.

CryptoWallet.com lets you buy cryptocurrencies with a debit or credit card. You can trade crypto wherever you are using our mobile app and spend tokens in retailers worldwide with our crypto card.

Step 1: Register on Fiat-to-Crypto Exchange

To begin, you’ll need to register for an account on CryptoWallet.com and set up your cryptocurrency wallet:

• To register, click New Account at the top of this web page. You’ll need to provide your personal information and verify your identity at this stage. 
• You will be guided through creating your own cryptocurrency wallet. You’ll receive a seed phrase, which you’ll use to regain access to your account if required. It’s always safest to write this phrase on paper rather than an electronic device. Then store this paper somewhere secure.
• Once you’re registered you’ll be able to add fiat money to your crypto wallet. Then you can start buying and trading crypto tokens!

Step 2: Buy BTC with Fiat Money

Next you’ll need to add fiat currency to your wallet and use it to buy Bitcoin tokens. You can easily deposit funds to your wallet using a bank card or wire transfer. Once your transfer has settled and the money is displayed in your wallet, you can buy BTC tokens.

Head over to our cryptocurrency exchange and select the currency you want to purchase. Choose the amount of Bitcoin you’re willing to buy and confirm the purchase price.  

Once you hit the Select button, your BTC tokens will be transferred to your wallet. It may take a few minutes for the order to be finalized and displayed in your wallet.

Step 3: Transfer BTC to an Altcoin Exchange

The next step is to transfer your BTC tokens to an exchange that accepts WEMIX. There are several options available to you including Gate.io, Coinone and Huobi Global. It’s important to shop around for the best trading price as exchanges will have different exchange rates for trading pairs of tokens

You’ll need a wallet that supports Bitcoin and WEMIX tokens. MetaMask (available as a browser extension, mobile app and desktop app) is a reputable option that will store both tokens. 

There are other wallet options available that may support both but it’s important to do your research and ensure the wallet is secure and not a scam.

Once you’ve set up your new wallet you can move your BTC tokens to it. Head over to your current exchange and trade them for WEMIX tokens. You’ll have to choose the market pairs BTC/WEMIX on the trading page.

Last Step: Store WEMIX Securely

Finally, the most important step is storing your tokens securely! As many altcoins aren’t supported by major exchange wallets, you’ll need a separate altcoin wallet. 

Many platforms offer wallets that claim to support WEMIX but some of them are scams designed to steal your funds. We’ve taken a look at some of the most secure wallets available to help you choose. 

Firstly we need to look at what a crypto wallet is. A wallet is made up of two keys that you’ll need to receive and send tokens. A private key is used to send funds and a public key is used to receive tokens. There are two types of wallets – a “cold“ offline wallet and a “hot” online wallet.

Cold or hardware wallets are the most secure type as your funds are stored offline in a physical device. Ledger is a trustworthy wallet company that manufactures a range of cold wallets to suit your needs. However cold wallets can be inconvenient as you’ll need to connect them to an online device to use them.

Hot or software wallets are much more convenient as you can access your funds anywhere with an internet connection. However, they are much more vulnerable to hacks as a result.

Many leading exchanges have solved this issue by securing funds stored in their wallets.

Often crypto investors will store the majority of their digital assets in a protected wallet like CryptoWallet.com. They’ll use an altcoin wallet like MetaMask or TrustWallet to keep and trade altcoins like WEMIX. This ensures the majority of their funds are secure and backed up. 

We feel CryptoWallet.com is an ideal solution since it allows you to hold the top five cryptocurrencies (BTC, ETH, XRP, USDT, and LTC). Our mobile app lets you access and trade your tokens from anywhere, and our crypto card allows you to spend your tokens at retailers around the world.

Other Useful Tools for Trading WEMIX

Messari is a great online resource that provides in-depth analysis of many cryptocurrencies as well as market data and a calendar feature to keep track of updates and changes to different networks. You can filter cryptocurrency charts by yield farming options, DeFi asset, larger gainers and much more. You can also take a look at their own research and top picks.

Coindar is a handy crypto calendar app to keep track of airdrops, hard forks and more. You can turn on alerts for tokens you’re interested in too! It’s a vital tool for a trader with a diverse crypto portfolio.

Shrimpy is a useful tool for managing your crypto portfolio. It lets you connect all your wallets and exchanges so you can easily view and track your holdings in one location.