How and Where to Buy MetaGold Rewards – An Easy Step by Step Guide

What is MetaGold Rewards?

MetaGold Rewards (METAGOLD) is a rewards-focused coin that incentivizes holding. There is a high fee on buying or selling the coin which is divided amongst the holders. There is a 11% tax on buying tokens and a 25% tax on selling tokens. This guarantees a high return on the token if there is a high transaction volume.

Holders can also stake the METAGOLD token to receive additional income from their assets. The team behind the token periodically burns METAGOLD tokens to help create a deflationary token. 

To buy MetaGold Rewards, you’ll have to head to a cryptocurrency exchange. This is a digital asset trading platform for cryptocurrencies and non-fungible tokens (NFTs). Tokens can be purchased using a credit or debit card on some exchanges, such as CryptoWallet.com and Coinbase.

Other exchanges are “crypto-only,” commonly referred to as altcoin exchanges. These platforms exclusively allow for the trading of cryptocurrency for other cryptocurrencies. To trade, you must first acquire tokens on another exchange using fiat money, and then transfer your tokens to these exchanges.

Currently, MetaGold Rewards is only available on these altcoin exchanges. To buy a cryptocurrency like Bitcoin (BTC) or Ethereum (ETH) on an exchange like Binance or CryptoWallet.com, you’ll need to use fiat money. You can then trade your tokens for METAGOLD tokens using an altcoin exchange.

Don’t be concerned if this seems complicated! We’ve put together a simple tutorial to guide you through the process of buying METAGOLD tokens online using CryptoWallet.com.

Using CryptoWallet.com’s mobile app, you can easily purchase crypto tokens with a credit or debit card. Then our crypto card allows you to spend your tokens at businesses all around the world.

How to Buy MetaGold Rewards

Unlike other popular cryptocurrencies, it isn’t currently possible to buy bonfire crypto directly with fiat money. However, you can still easily buy MetaGold Rewards 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 MetaGold Rewards. In this section, we will walk you through in detail the steps to buy MetaGold Rewards.

Step 1: Register on Fiat-to-Crypto Exchange

You’ll need to register a CryptoWallet.com account and set up your cryptocurrency wallet to get started:

• To open an account on CryptoWallet.com, you will need to provide your personal information as well as proof of identification.
• You’ll be guided through the process of creating your own crypto wallet. In the unlikely event that you lose access to your account, you’ll be given a seed phrase to use. It’s better to write down this recovery phrase rather than storing it on an online device. Then you should store this document in a safe place.
• You will be able to add fiat money to your wallet after your registration is complete. Then you can start trading cryptocurrencies!

Step 2: Buy BTC with Fiat Money

After you’ve created your crypto wallet, you can load it with fiat cash. Using a bank card or a wire transfer, you can easily add funds to your wallet. After your money have been transferred to your wallet and the transaction has cleared, you can purchase crypto tokens.

Go to our cryptocurrency exchange and choose the coin you wish to buy. Choose the amount of Bitcoin you want to buy and confirm the price.

Your BTC tokens will be transferred to your wallet after you click the Select button. It may take a few seconds for the order to be processed and shown in your wallet.

Step 3: Transfer BTC to an Altcoin Exchange

The next step is to move your tokens to an altcoin exchange and trade them for METAGOLD tokens. Currently the only option available is PancakeSwap. This is a Decentralized Exchange (DEX) built on the Binance Smart Chain network. 

A DEX is an altcoin exchange that doesn’t use an intermediary. Trading is done by smart contracts and code. This DEX only allows for the trading of Binance (BNB) tokens and BEP-20 tokens like METAGOLD. You’ll need to convert your BTC to a BEP-20 token to trade on PancakeSwap.

Converting BTC tokens to BEP-20 tokens is done by a process known as bridging. This converts BTC to BTCB – a Binance version of Bitcoin that is backed up by locking your BTC tokens.

You’ll need a wallet that can hold BTC, BTCB and DOGEX tokens for this step. MetaMask is an easy to use option that can be used on iOS and Android as well as an in-browser extension. Once you have your wallet set up, you can move your BTC tokens to it using your keys.

Then you can bridge your BTC tokens to BTCB tokens and head to PancakeSwap. On the trading page, select the trading pairs BTCB and METAGOLD. Then you can swap your BTCB tokens for METAGOLD tokens.

Last Step: Store MetaGold Rewards Securely

There are several options for keeping your cryptocurrency tokens, and it is important that you choose one that is completely secure and fulfills your needs. There are numerous wallets available on the market, however many of them are frauds or untrustworthy. To assist you in making your decision, we examined some of the best wallets on the market.

Let’s start with a definition of a cryptocurrency wallet. A wallet consists of two keys: a public and a private key. A public key is used to receive tokens, whereas a private key is used to send tokens. Wallets are categorized into two types. A “hot” or software wallet that is online, and a “cold” or hardware wallet that is a physical offline device.

As they are not connected to the internet, cold wallets are the most secure option. This prevents unauthorized third parties from hacking or accessing them.

However, because they must be connected to another device to transfer or receive tokens, they can be inconvenient to use. They are often more costly than software wallets. Ledger and Trezor are the two most well-known hardware wallet manufacturers. They produce a wide range of cold wallets that take MetaGold Rewards.

Hot wallets keep your keys online and are much easier to access and use. Many exchanges provide a software wallet to facilitate trading. You can access them using your phone or a web browser.

Because these exchanges do not presently accept MetaGold Rewards, you will need to save your tokens in an altcoin wallet. TrustWallet and MetaMask are two popular wallets for keeping METAGOLD and other cryptocurrencies.

Many cryptocurrency traders store the majority of their assets in a protected wallet, such as CryptoWallet.com. They then store and exchange cryptocurrencies like MetaGold Rewards using an altcoin wallet like MetaMask. This guarantees that the bulk of their assets are safe and secure in their secured wallet.

Other Useful Tools for Trading MetaGold Rewards

CoinMarketCap offers data on practically every cryptocurrency including coin price history, whitepapers, community sites, price charts, market data, and much more. If you’ve never heard of a token before, CoinMarketCap is a good place to start. On the markets tab of the coin’s page, you’ll also be able to see where you can purchase or sell the coin.

TradingView is a popular charting tool that collects data from cryptocurrency exchanges such as Coinbase, Binance, and Bitfinex. You can compare their real-time trade prices and discuss trading strategies and ideas with the TradingView community. It comes as a handy mobile app, and the basic free membership includes a variety of charting features.

OpenOcean allows you to compare trade rates between centralized and decentralized exchanges (DEX). It allows crypto traders to take advantage of the best available pricing throughout the crypto market. OpenOcean helps DEX users in finding the best trade pricing with the least amount of slippage. Token holders can select the best rate from a variety of exchanges.