WAX is an ecosystem that facilitates the creation of NFTs and games. It has made headlines by partnering with games companies like Atari and Sony’s Funimation. We’ve created a simple guide to help you purchase WAXP safely online.
What is WAX?
WAX (The Worldwide Asset eXchange) is a blockchain platform that enables developers to create their own games and NFTs. It is also a platform for trading digital and physical assets. WAX is built on the EOS blockchain and uses a Proof-of-Stake consensus mechanism that is incredibly environmentally friendly. They received a carbon neutral certification from Climate Care in 2021.
WAX has made headlines by partnering with a wide range of renowned artists and companies including Atari, Deadmau5 and Sony’s Funimations. The WAX blockchain is powered by their native token WAXP. Holders of WAXP tokens can burn their WAXP tokens and receive WAXE tokens in return, which are Ethereum-based tokens (ERC-20) using a WAX-Ethereum bridge.
To purchase WAXP tokens, you’ll need to head to a cryptocurrency exchange, which is a platform where users can trade different cryptocurrency tokens. You can buy cryptocurrency with fiat money (such as dollars or euros) on popular exchanges like Gemini, Coinbase, or CryptoWallet.
However, WAXP crypto tokens can only be traded for other cryptocurrency.So you’ll have to buy a cryptocurrency like Ethereum (ETH) or Bitcoin (BTC) using fiat money and then trade it for WAXP tokens on a cryptocurrency exchange.
But don’t worry! We’ve put up a simple step-by-step tutorial to assist you in purchasing WAXP coins online. We believe that CryptoWallet is the best option for buying BTC tokens. Then you can transfer your tokens to an altcoin exchange and trade them for WAXP tokens. We’ve made it even easier with our mobile app, which allows you to trade cryptocurrencies no matter where you are.
Step 1: Register on Fiat-to-Crypto Exchange
Firstly, you’ll need to register on a Fiat-to-Crypto exchange like CryptoWallet. CryptoWallet lets you buy and trade the five biggest cryptocurrencies with our mobile app. This can be done using a credit or debit card in just a few minutes.
To register on CryptoWallet:
- Click New Account on the top of the CryptoWallet website to register your new account – you’ll have to verify your identity at this stage.
- Once you’ve registered you will be taken through the process of setting up your new cryptocurrency wallet. You’ll receive a seed phrase that will let you regain access to your tokens if needed. It’s safer to write down this seed phrase on paper rather than on an electronic device.
- Once you’ve completed the verification process you can start buying BTC tokens right away!
Step 2: Buy BTC with fiat money
You’re now ready to purchase BTC tokens using our mobile app or website!
The next step is to transfer fiat money to your crypto wallet. On CryptoWallet, you can conveniently transfer money into your wallet using a credit or debit card.
Once your transfer has been processed and received in your wallet, you can swap your fiat cash for BTC tokens. Head to our cryptocurrency exchange, choose the number of BTC tokens you wish to purchase, and confirm the price you are ready to pay.
When you click Select, your BTC tokens will be added to your wallet! Your transaction may take a few minutes to settle on the blockchain and show in your wallet.
Step 3: Transfer BTC to an Altcoin Exchange
Now that you have BTC tokens, you can exchange them for WAXP coins. You’ll need to go to an exchange that supports BTC and WAXP, such as Binance or Gate.io. Every exchange will have varying prices for trading pairs of tokens, therefore extensive research is needed to get the best price for a BTC-WAXP trade.
You’ll have to register for a wallet on one of these cryptocurrency-only exchanges or use a wallet that accepts BTC and WAXP tokens. MetaMask is a popular wallet that is available as a Windows and Mac application as well as an in-browser plugin.
After you’ve created your new wallet, you can move your BTC tokens to it and swap them for WAXP tokens on the exchange you’ve chosen.
Last Step: Store WAXP Securely
The most important step is storing your crypto tokens securely. It is critical that you pick a reliable and secure wallet that prevents unauthorized access.
Because many cryptocurrencies are not supported by the more well-known wallets, some hackers have created phony wallets in order to defraud the holder of their funds. We looked at some of the most reliable wallets to help you find the perfect wallet for you.
A cryptocurrency wallet is used to store your tokens and consists of two keys that you will need to access and use your cash. To send money, a private key (similar to a password) is used, and to receive money, a public key (similar to an email address) is needed. There are two kinds of wallets: hardware (“cold”) wallets and software (“hot”) wallets.
A cold wallet stores your keys offline in a physical device, making it the most secure solution available. Ledger is a well-known and trustworthy hardware wallet firm that produces a range of hardware wallets that can store WAXP tokens. Cold wallets are the most secure option, but they can be inconvenient to use as they must be connected to an online device in order to access and spend your assets.
Hot wallets are far more convenient to use because all of your information is saved online and you may access your cash at any time. However, because they are continually connected to the internet, they are more vulnerable to hacking or criminal behavior.
Some popular trading platforms have tackled this problem by assuring all funds held in wallets for safety. Any funds you hold in your CryptoWallet wallet are backed up by BitGo, a leading digital asset custodian – so your tokens will always be secure.
Many users have chosen to keep the majority of their crypto cash in a secure wallet and use a separate wallet to purchase and trade altcoins such as WAXP.
We consider CryptoWallet an excellent solution for this because it supports the five most popular cryptocurrencies and is supported by BitGo. It also allows you to use our mobile app to trade tokens on the go, and our crypto card can be used in stores across the world. As a result, CryptoWallet is an excellent wallet for holding your tokens until you are ready to trade in altcoins.
Other Tools for Buying WAX Online
WAX has its own custodial WAX Cloud wallet which can be useful for storing WAX tokens. This can be useful for anyone who trades primarily in WAXP.
To protect their trading anonymity, many crypto traders employ a VPN service. As there are so many VPNs available, doing your research is essential. A VPN might be useful when it comes to digital currency trading.
Can I buy WAXP with cash?
The short answer is no. There are websites or platforms that claim to let you buy WAXP tokens using a credit or debit card. However these are commonly scams designed to steal your credit card information or funds. It’s vital to take caution when buying any cryptocurrencies online.
Are there any quick ways to buy WAXP in Europe?
The fastest and most secure way to buy WAXP in Europe is to buy BTC tokens using fiat money and then trade BTC tokens for WAXP. You can do this by purchasing BTC tokens on our CryptoWallet mobile app and then trading them for WAXP on an altcoin exchange.
Are there any alternative platforms to buy WAXP or Bitcoin with credit cards?
Some platforms may claim to support buying WAX or Bitcoin with a credit card. We would always recommend doing thorough research before buying crypto tokens on any platform. Many websites are unreliable or can steal your credit card info and funds.
It’s always safest to buy BTC tokens using a trustworthy exchange like CryptoWallet where all your funds are assured.