WAX (Worldwide Asset eXchange) is a decentralised platform that is created for the general public to partake in a virtual marketplace. You heard it right that you don’t have to invest heavily in infrastructure or setup but create a virtual shop. WAXP is the primary unit of currency, designed to make transactions faster, safer, and simple transactions.
WAXP token holders have the opportunity to convert their tokens to any major cryptocurrency that is the reason for WAX’s popularity.
That is why I have created this easy to read guide on How To Buy Wax Crypto
WAXP crypto can be bought with several exchanges that deal in fiat money or other cryptocurrencies like Bitcoin, Ethereum, or Litecoin. WAXP cannot be purchased directly with fiat money, but first, you have to buy any other cryptocurrency and convert it into WAXP through an online exchange.
In this article, we will walk you through the whole process of how to buy WAXP with every detailed step.
- Register On Coinbase
The first step in buying WAXP is registering on a cryptocurrency exchange so that you can buy Bitcoin(BTC) or Ethereum(ETH), or any other cryptocurrency.
Coinbase here is the perfect solution (you can use any other). It is the largest crypto exchange and also accepts fiat money in large deposits.
Get started with Coinbase and provide your details. You need to set a strong password; you will also need to enter your mobile number for security details.
After you have completed the process, you will get an email verification. The process usually takes 15 to 20 minutes.
2. Use Fiat Money To Buy Crypto Coins
After your account has been made, you will be asked to add a payment option, Credit/Debit card, or bank transfer.
You can add fiat money through these options and proceed to click on the “Trade” button in the top left corner.
You can select from the range of coins that you want to buy and then confirm your transaction, Yippee! You have just bought your first cryptocurrency
3. Transfer Crypto Coins To Alt Coin Exchange
Since WAXP is an Alt Coin, we have to trade the crypto coins to an exchange through which WAXP can be traded.
You can use Huobi Global, HitBTC, Upbit, or any other exchanger for that purpose. Set up an account by following the same previous steps that we used earlier for Coinbase
4. Send Crypto Coins To Exchange
Now you will have to transfer the crypto that you purchased to the Alt Coin exchange. You will be provided a unique address by the Alt Coin exchange (Huobi, HitBTC, etc.) through which you can transfer your crypto.
Go to Coinbase and then click on “Bitcoin” (or any other crypto that you bought) and then click on “send.” Now under the recipient field, you should paste your unique address and then click on send to proceed.
5. Trade WAXP
Once your crypto is in the exchange. Go to the exchange or trade option and select your preferred cryptocurrency to exchange to WAXP
You can either type in the amount or select a portion of your crypto that you would like to trade.
Congratulations! You have successfully purchased “WAXP” and can begin your trading activities.
I hope this guide has answered questions you had on how to buy WAXP, but if any of the steps were unclear to you, don’t hesitate to leave us a comment below, and we will get back to you as soon as we can