Have an interest in solutions-based cryptoeconomics? Looking to take part in the open-source approach to developers’ needs? Well, you might be interested in a project called BEPRO Network. Bepro Network and it’s native token BEPRO are an intriguing approach to connecting developers and operators in a mutually beneficial manner through the use of decelerating technologies. In this guide, we are going to be taking a look at this project’s details and providing you with a step-by-step on how you can get some of this token for yourself.
What is BEPRO?
BEPRO is the native token of the BEPRO Network and functions as something of a utility token for the overall platform. Released in 2020 and chaired/co-founded by CEO Luis Kang, this token operates as the sinew of the platform, allowing for value creation both for the platform, its curators/operators, and its general token holders.
BEPRO, sometimes referred to as betprotocol, facilitates the platform’s overall functions, which is the creation of an open source ‘Code-as-Service’ system that connects developers and operators in a solutions-based approach. This approach allows users to develop code sources for DeFi systems, Dapps, as well as emerging blockchain gaming opportunities. Value creation for the token holders comes from a variety of different sources, such as overall value storage, rewards for curators of the system, platform contributors, and the creation of development resources.
In essence, BEPRO is attempting to create an in-loop system that rewards token holders and operators for fulfilling the overall goals of the system, that is, building open-source development repositories for users’ and customers’ needs.
BEPRO operates on the ERC20 standard, has been audited by Gertik and enjoys a good degree of traffic and community engagement at the time of writing.
So now that we’ve covered the bones of this project, let us provide you with a handy guide on how you can buy some BEPRO for yourself!
Step 1: Register on Fiat-to-Crypto Exchange
To get this lesson started, we are going to have to buy a more primary cryptocurrency first, and then exchange it for some BEPRO. For convenience and simplicity’s sake, we aim to utilize one of the most well-known cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH) or sometimes USDT.
Today in the lesson, we’ll use Bitcoin (BTC).
To buy some BTC, we are going to have to locate a Fiat-to-Crypto exchange that meets our needs.
Good financial sense dictates that it is always a good idea to research, contrast, and compare the many different cryptocurrency provider/fiat exchange prices that are available and to search for the provider that is best suited for you and your unique needs. Selecting one of the exchangers might seem to be a little difficult due to the vast amount of options accessible. We, therefore, advise you to take your time, identify your needs and work from there.
However, as a practical example, we’d like to recommend using our own CryptoWallet for your exchange of fiat currency for cryptocurrency.
We believe that CryptoWallet offers something of a one-stop shop, in terms of service, security, and simplicity.
Make an account and follow the on-screen directions to link/send some fiat money to your new CryptoWallet Account using your existing fiat bank account by selecting “deposit” from the account menu.
Although there will be a brief lag, it shouldn’t take too long for the transferred money to arrive in your new CryptoWallet account.
Up next, buying some BTC!
Step 2: Buy BTC with Fiat Money
Once it appears in your CryptoWallet account, your fiat money will be able to be traded for some BTC.
Navigate to the trade tab on your new app, choose BTC and the quantity you want to buy, and then click “Confirm.” Your new BTC and any extra fiat money will be visible in your CryptoWallet account.
You may access a variety of crypto asset price charts, assets statistics, cryptocurrency price-tracking, asset trading tools, and real-time market data by using some of the most well-known and well-liked exchanges, such as TrustWallet, MetaMask, and, of course, our very own CryptoWallet.
We advise that you familiarize yourself with these and come to grips with the informational aspects of them because doing so may assist you in making financial decisions that may be more advantageous and could potentially result in more money in your account at the end of the day.
Step 3: Transfer BTC to an Altcoin Exchange
Now that you have your Bitcoin, the next step is to open an account with a different altcoin cryptocurrency exchange that offers the BTC/BEPRO trading pairs.
At this stage, what could feel a little confusing will be actually selecting an exchange. Altcoin exchanges can differ from each other in terms of price, security, and, in some cases, reliability.
So it’s strongly encouraged that you do your homework on your chosen exchange to ensure you make the best decision possible.
There are several altcoin exchanges that host BEPRO including KuCoin, Gate.io, AscendEX, and Uniswap (V2), to name just a few.
But we’ll use KuCoin as a theoretical example.
But again, don’t worry if you opt for a different exchange, just make sure you do your homework on the specifics of that exchange. Though often different, altcoin exchanges will often have a lot in common.
So, first, you must establish a KuCoin profile and complete all the necessary fields before you can start trading. These are all rather typical criteria, such as the need for fundamental data, KYC procedures, and customary security measures.
The following action is to send some BTC from your CryptoWallet account to your KuCoin account so that you may purchase BEPRO.
When you click “deposit money” on KuCoin’s homepage after creating an account, it will provide you with an address that you can enter into your CryptoWallet account.
Choose how much Bitcoin you want to exchange in your CryptoWallet account, enter the KuCoin address supplied, and click “Send”.
The BTC will appear on your KuCoin account after a brief verification period, allowing you to then exchange it for BEPRO. To complete the transaction, go to KuCoins trade tab, enter the trade amount, choose the BTC/BEPRO trading pair, and then click “Confirm.”
Last Step: Store BEPRO Securely
The next stage in your cryptocurrency quest will be to choose a wallet system to store your new cryptos now that you have some BEPRO tokens.
Although some individuals prefer to leave their money on exchanges, researching wallet solutions is highly recommended for security and convenience, as exchanges have been known to go dark from time to time.
BEPRO is an ERC20, and this often means that you have a lot of options to choose from in terms of a wallet system. These include the Ledger family of hardware wallets, as well as MetaMask, TrustWallet, Exodus, and Coinomi, to name just a few.
To withdraw your BEPRO from the exchange, click “withdraw money” on the KuCoin interface. The next step is to manually enter or carefully scan a QR code that includes your new current wallet address from whichever provider you have chosen, as per KuCoin’s instructions.
A simple verification will result in the BEPRO showing up in your wallet after a brief delay.
Despite having a lot of choices and a high degree of security, CryptoWallet does not currently host BEPRO. Nevertheless, we like to view CryptoWallet as a kind of all-purpose software system that can meet all kinds of different cryptocurrency demands. Even if it doesn’t host BEPRO right now, we nevertheless advise watching for our product in the next few months.
Can I buy BEPRO with cash?
Like the majority of altcoin cryptocurrencies, BEPRO tokens cannot be purchased instantly with fiat money. The chosen alternative coin must first be acquired using cryptocurrencies like BTC, ETH, or USDT, and then traded for it afterwards. A Fiat-to-Crypto exchange as well as an altcoin exchange are required for this. To see a thorough explanation of how to achieve this, visit the tutorial we have supplied.
Are there any quick ways to buy BEPRO in Europe?
Due to the additional steps, BEPRO transactions may seem more difficult than conventional cryptographic transactions. But if we adhere to the instructions we’ve given, we can lead you through each step. The aforementioned advice, thankfully, conforms with all relevant EU laws and regulations.
Are there any alternative platforms to buy BEPRO or Bitcoin with credit cards?
Being an alternative coin, BEPRO differs slightly from other cryptocurrencies in that it cannot be purchased using fiat money. As an alternative, you might buy BEPRO and trade it for a cryptocurrency like Bitcoin, Ethereum, or USDT. To find out how to achieve this, go to the instructions above.
Comparatively, by searching for a cryptocurrency trading site that takes credit or debit cards, you may instantly buy Bitcoin and several other popular cryptocurrencies using a credit card. Among other companies, eToro provides this service.