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

What is LAIKA?

LaikaCoin (LAIKA) is a deflationary DeFi crypto meme token named after the first dog to go to space. It is built on the Binance Smart Chain but has a range of bridging tools at its disposal to allow cross-chain integration. This is designed to allow holders to take part in different chains as trends change over time. 

LaikaCoin is a decentralized project. Once launched, the owners of the project renounced ownership of the blockchain and gave it to the Laika community. Developments and changes are made by passionate community members. The LAIKA token is a self-staking token. 

You’ll need to go to a cryptocurrency exchange to buy LaikaCoin. This is an online platform for exchanging crypto tokens. While some crypto exchanges allow you to buy tokens using a credit or debit card, others are only for crypto. These are altcoin exchanges that only let you trade crypto tokens for other crypto tokens.

Many tokens like Laika can only be bought through these altcoin exchanges. You’ll need to use your fiat money to purchase tokens such as Bitcoin (BTC) or Ethereum (ETH) through an exchange such as CryptoWallet.com or Coinbase. Then you can move your tokens to a crypto-only altcoin exchange to trade them Laika tokens.

Don’t worry if this seems complicated! We’ve got you covered with our simple step-by-step guide to purchasing LAIKA tokens using CryptoWallet.com online.

Using CryptoWallet.com, you can easily purchase cryptocurrency with a credit or debit card. Our mobile app allows you to trade tokens wherever you are, and our crypto card allows you to spend your tokens at retailers worldwide.

Step 1: Register on Fiat-to-Crypto Exchange

Firstly, you’ll need to create an account on CryptoWallet.com and set up your wallet:

• To register your account, click New Account at the top of this page. You’ll need to prove your identity at this point.
• You’ll be guided through the process of creating your own cryptocurrency wallet. You’ll be given a seed phrase that you’ll need to recover access to your account if needed. It is advisable to write this down on paper rather than on an electronic device.
• After completing your registration, you will be able to deposit fiat money to your account and start buying crypto tokens!

Step 2: Buy BTC with Fiat Money

The next step is to deposit fiat money into your new wallet and use it to purchase Bitcoin tokens. Using a bank card, you can easily add fiat money to your wallet. You can also wire your funds to your wallet. Once your funds have been transferred and your money displays in your wallet, you’re ready to buy Bitcoin!

Go to our cryptocurrency exchange and choose the coin you wish to purchase. Select the number of BTC tokens you wish to purchase and confirm the price you are ready to pay.

When you click the Select button, your BTC tokens will be transferred to your wallet. It may take a few minutes for the trade order to settle and show in your wallet.

Step 3: Transfer BTC to an Altcoin Exchange

Next step is to move your BTC tokens to an exchange that supports LAIKA. Currently, the only exchange that accepts LAIKA trades is SnowgeSwap. SnowgeSwap is a Decentralized Exchange (DEX) that is built on the Binance Smart Chain. A DEX is an exchange that facilitates trades without an intermediary.

SnowgeSwap only accepts BEP-20 tokens so you’ll have to use a Binance bridge to convert your BTC to BTCB. BTCB is a BEP-20 token that is backed by locked BTC tokens on the Bitcoin blockchain. Bridging lets you use your BTC tokens within the Binance Smart Chain network.

You’ll need a wallet that supports Bitcoin and BEP-20 tokens including BTCB and LAIKA. TrustWallet (a mobile based wallet) and MetaMask (available as a browser extension, mobile app and desktop app) let you hold BTC and BEP-20 tokens.

Once your BTC tokens have been moved to your new wallet and bridged, you can head to the SnowgeSwap exchange page and swap them for LAIKA tokens. Select the trading pairs of LAIKA/BTCB to trade your BTCB tokens for LAIKA.

Last Step: Store LAIKA Securely

The most critical step is to safely store your crypto coins. You’ll need to choose a reliable wallet that stops others from accessing it.

Because many altcoins are not supported by wallets available on major exchanges, you’ll require a separate wallet for altcoins such as LAIKA. There are several sites that promise to support storing altcoins; however, not all of these wallets are trustworthy. Some wallets may even be scams attempting to take your money.

A crypto wallet is made up of two keys that you will need to access and use your assets. A private key for sending tokens and a public key for receiving tokens. They are comparable to a password and an email address. There are two kinds of wallets: “hot” digital wallets and “cold” physical wallets.

Hot Wallet vs. Cold Wallet

Since your keys are stored offline in a physical device, hardware wallets are the most secure option available. Ledger is a well-known and trusted hardware wallet manufacturer that supports LAIKA. They manufacture a variety of hardware wallets to meet your demands. While hardware wallets are the most secure choice, they are also the most difficult to use since they must be linked to an online device to access and use your funds.

Hot wallets are far more convenient to use because you can access them from anywhere. All of your information is kept online. However, because they are always connected to the internet, they are far more vulnerable to being hacked.

Many cryptocurrency traders will keep the majority of their cash in a secure wallet such as CryptoWallet.com. Then they may use a separate altcoin wallet to trade and store altcoins such as LAIKA while the majority of their assets remain safe.

We feel CryptoWallet.com is an excellent solution for this 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 enables you to spend your tokens at retailers worldwide.

Other Useful Tools for Trading LAIKA

CoinMarketCap lists almost every coin and gives you information like cryptocurrency price history, whitepapers, community pages, market data and much more. It’s a good place to get an overview of a token you are unfamiliar with. You’ll also be able to see where the coin is available to purchase or trade. 

If you find it difficult to keep upto date on crypto news including air drops and hard forks. Coindar is a crypto calendar app that will help you stay abreast of any important news with alerts. It’s a handy way to gather all the news about cryptocurrency in an easy to digest form.

CryptoWatch is a crypto chart tracking app that lets you see how different currencies are performing easily. You can also create handy watchlists so you can keep an eye on the performance of specific coins.