Looking to track all of your crypto wallets and keep an eye on crypto-related developments all in one place? You may want to look at the Catchy platform and its native CATCHY token.
In this easy step-by-step guide, we will show you exactly how you can buy and store CATCHY in no time.
What is CATCHY?
Catchy is a novel cryptocurrency platform aimed at helping crypto users track the blockchain from within the Telegram messaging app. Using Catchy, participants can check their own wallet balances, track whale (large holders) wallets, and keep abreast of new and exciting tokens and smart contracts before they are widely known.
The CATCHY token, meanwhile, is a BEP-20 (Binance Smart Chain) token and the native cryptocurrency of the platform. While the wallet tracker is currently free, subsequent products will require users to hold and burn the CATCHY token to participate.
If this sounds interesting to you, read on to learn the easiest and best ways for you to buy and store CATCHY in this step-by-step guide.
How to Buy CATCHY
Unlike other popular cryptocurrencies, it isn’t currently possible to buy CATCHY crypto directly with fiat money. However, you can still easily buy CATCHY by first buying another crypto like BTC from any fiat-to-crypto exchanges and then sending it to the exchange that supports the trading of CATCHY. In this section, we will walk you through in detail the steps to buy CATCHY.
Step 1: Register on Fiat-to-Crypto Exchange
Before you can buy cryptocurrencies like CATCHY you need to find a way to move your fiat money (such as dollars) into the crypto world. This is done through a fiat-to-crypto exchange. These exchanges are your onramp and once you have registered and converted your fiat money into crypto it will be much easier to move and make trades with cryptocurrencies without needing any permission.
For an easy and streamlined registration process, we recommend using CryptoWallet.com as your fiat-to-crypto exchange.
Step 2: Buy BTC with Fiat Money
Now that you have registered on CryptoWallet.com you are ready to do your first exchange from fiat money to crypto. CryptoWallet.com allows you to buy crypto with just a credit or debit card, making the process as easy as a regular online purchase. Currently, CryptoWallet.com supports hundreds of cryptos like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Tether (USDT).
We recommend purchasing BTC, to begin with. In the next step, we will show you how to trade your BTC for CATCHY. The reason we recommend buying BTC is that it is the most widely accepted cryptocurrency and will make it easier for you to find a suitable altcoin exchange to trade on in the next step.
Now that you have your BTC you are ready to learn how to trade it for CATCHY in the next step.
Step 3: Transfer BTC to an Altcoin Exchange
Usually, you would be able to trade your BTC directly for your desired cryptocurrency. However, since CATCHY is a relatively small and niche cryptocurrency, it will require one additional transaction which will also be included under this step.
The first thing you will need to do is sign up for an account on the altcoin exchange Binance. Since you will be swapping crypto-for-crypto you will not need to complete an extensive registration process on Binance, so the sign-up should not take very much time.
Once signed up on Binance you can transfer your BTC from CryptoWallet.com to Binance and swap it for BNB (the native cryptocurrency of the Binance Smart Chain). To do this, find your Binance BTC receive address, then paste it into the ‘Send To’ field on the CryptoWallet.com app. Once the BTC has arrived you can search for the BTC/BNB trading pair and execute your trade.
Now that you have BNB you can transfer it for CATCHY using a Binance Smart Chain (BSC) decentralized exchange (DEX) such as Pancakeswap. First, you will need to move your BNB to a wallet supported by Pancakeswap. We recommend MetaMask since it is well known and easy to use. After downloading MetaMask you can send your BNB from Binance to your BSC wallet on MetaMask.
Now for the last part of this step, connect your MetaMask wallet with BNB to Pancakeswap, search for the BNB/CATCHY trading pair and execute this trade.
Congratulations, once the trade has been completed you will be the proud owner of CATCHY in your MetaMask wallet.
Last Step: Store CATCHY securely
The last step is for you to find a secure option to store your CATCHY. There are generally two major options for storing cryptocurrencies like CATCHY: software (hot) wallets and hardware (cold) wallets.
CryptoWallet.com is an excellent option for a software wallet that supports large-cap cryptocurrencies. |ts unique feature set include a crypto debit card that allows you to spend your crypto anywhere that accepts debit payments. Unfortunately, since CryptoWallet.com does not support CATCHY it is not an option here.
You also have the option of storing CATCHY in your MetaMask wallet where it is currently stored. For smaller amounts, or if you require regular access this is not a bad option. However, it is important to consider that MetaMask stores your keys within your browser and is therefore not the most secure option for large amounts of funds. In this case, we recommend using a hardware wallet such as a Ledger or a Trezor, which will provide the added security of storing your keys offline. Just make sure the hardware wallet you choose supports BSC tokens such as CATCHY.
Other Useful Tools for Trading CATCHY
Other useful tools for trading CATCHY include price-feed tools like CoinGecko.com and CoinMarketCap.com which provide you with a real-time price chart and statistics such as current market cap and trading volume. In addition to this, CoinGecko and CoinMarketCap will provide you with a list of exchanges currently trading CATCHY as well as the trading pairs they support (for example BTC to CATCHY or USDT to CATCHY, etc).
Can I buy CATCHY with cash?
Unfortunately, you cannot buy niche cryptocurrencies like CATCHY directly with cash. However, a cash-like way to purchase CATCHY is to use your debit or credit card to purchase BTC on CryptoWallet.com and then trade that BTC for BNB on Binance. Once you have done this you can use a wallet that supports PancakeSwap to trade BNB for CATCHY.
Are there any quick ways to buy CATCHY in Europe?
The quickest way for you to buy CATCHY in Europe is to use the CryptoWallet.com app which will allow you to buy Bitcoin (BTC) directly with your debit or credit card. Once you have completed this purchase you can easily swap your BTC for BNB on Binance and use a wallet that supports PancakeSwap to trade BNB for CATCHY.
Are there any alternative platforms to buy CATCHY or Bitcoin with credit cards?
While the combination of CryptoWallet.com, Binance, and PancakeSwap is likely the easiest and best option, other options may exist. You should do your own research as to which option is best for you and what the potential trade-offs are for your chosen platform.