Want to help reduce world poverty while investing in cryptocurrencies? If so, Wolf Safe Poor People (WSPP) may be the token for you. This guide will show you exactly how to buy and store WSPP in the easiest way possible.
What is WSPP?
Wolf Safe Poor People (WSPP) is a token and decentralized application (Dapp) built on top of the Binance Smart Chain (BSC). It is also available on the Polygon chain, which is a second-layer scaling solution for Ethereum (ETH).
The token was created in the wake of the Covid-19 pandemic to help alleviate the crushing poverty around the world that the pandemic only served to exacerbate. According to the WSPP site, Covid was responsible for more than 60 million additional people falling into poverty worldwide.
WSPP aims to be the first cryptocurrency with a program to ‘reduce world poverty’ through fundraising. What makes WSPP unique is that a portion of all profits is donated to different charities aimed at alleviating poverty around the world.
The project has been audited by Solidity Finance, a respected name in the cryptocurrency sphere.
Step 1: Register on Fiat-to-Crypto Exchange
To buy cryptocurrencies like WSPP you first need to enter the crypto economy. To do this you need to convert fiat money into cryptocurrency via a fiat-to-crypto exchange. Once you have crypto it is much easier for you to swap between cryptocurrencies and move your crypto wherever you prefer without needing permission.
CryptoWallet is an excellent option for converting your fiat money into crypto. It provides a seamless and guided registration experience in its native app, which is available on both the Apple and Android app stores. CryptoWallet also provides a unique crypto debit card, which allows you to spend your crypto like money anywhere that accepts debit payments.
After downloading the CryptoWallet app and completing the registration process you are all set to begin converting your fiat money into cryptocurrency.
Step 2: Buy BTC with Fiat Money
Before you can trade for WSPP you will need to purchase a cryptocurrency to trade with. We recommend purchasing Bitcoin (BTC) since it is widely accepted on most altcoin exchanges. In addition to BTC, CryptoWallet also supports major cryptocurrencies like Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Tether (USDT).
Using the CryptoWallet app you will be able to purchase BTC using only your debit or credit card. This makes purchasing crypto as easy as any other type of online shopping.
After completing your purchase of BTC you are ready to send it to an altcoin exchange that supports WSPP. Head to step 3 for instructions on how and where you can do this.
Step 3: Transfer BTC to an Altcoin Exchange
WSPP is currently supported by MEXC Global, a large Singaporean altcoin exchange that we will use to trade BTC for WSPP.
You can visit MEXC Global to sign up for an account and after doing so, navigate to your receive addresses and look for BTC. Once you’ve found your BTC receive address, copy it and paste it into the “Send To” field on CryptoWallet.
It will likely take some time (15-45 minutes) for your BTC to arrive on MEXC Global so don’t panic if you do not see it right away. Once it has arrived you are ready to make your trade. Search for the BTC/WSPP trading pair, enter the amount of BTC you want to swap, and select the ‘Trade’ button.
You are now the proud owner of Wolf Safe Poor People. The next step is to find a place to store it.
Last Step: Store WSPP Securely
Storing cryptocurrency is a serious matter. The value of a nascent cryptocurrency like WSPP can grow exponentially in a small period of time, so even small amounts are worth protecting for the future.
There are two basic ways to store cryptocurrencies, software (online) wallets and hardware (offline) wallets.
In terms of software wallets, CryptoWallet is an excellent choice for the cryptocurrencies it supports. All funds are protected by BitGo, a leader in digital asset custody. Plus, CryptoWallet offers you the option to spend your cryptocurrency with their crypto debit card anywhere that accepts debit payments. However, CryptoWallet currently focuses on large-cap cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Tether (USDT). This means that it is not an option to store WSPP.
MetaMask is a good choice for a software wallet that supports BEC-20 (Binance Smart Chain) tokens such as WSPP. It allows you to store your crypto within your browser and is generally a secure option for small to medium amounts of crypto.
If you are storing large amounts of funds, or looking to store your WSPP for a long period of time, you may want to consider a hardware wallet such as a Ledger or a Trezor. Both of these support BSC tokens. The fact that hardware wallets allow you to store your keys offline makes them generally the most secure option for large amounts and long-term storage.
Other useful tools for trading WSPP
Other useful tools for trading WSPP include 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.
You may also want to consider trading on PancakeSwap which is the primary decentralized exchange of the Binance Smart Chain. Decentralized exchanges allow you to trade crypto from your wallet without giving up custody. However, this would entail an extra step since you would need to trade for a BSC supported token before using PancakeSwap.
Can I buy WSPP with cash?
No, you cannot currently purchase WSPP or other niche cryptocurrencies like it with cash.
The most cash-like option to purchase WSPP is to use CryptoWallet to buy BTC with your debit or credit card, and then trade that BTC for WSPP on MEXC Global.
Are there any quick ways to buy WSPP in Europe?
The quickest way to buy WSPP in Europe is to purchase BTC with your credit or debit card on the CryptoWallet app, and then send that BTC to an altcoin exchange like MEXC Global to trade for WSPP.
Are there any alternative platforms to buy WSPP or Bitcoin with credit cards?
CryptoWallet provides a streamlined and easy option to buy BTC and send that BTC to an altcoin exchange to trade for WSPP, but there are other options. 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.