Detailed buying, selling and trading tutorials for WAXP (with pictures and text)

For secure WAXP storage, consider transferring it from the exchange to a reputable hardware or software wallet that supports WAXP.

Nov 02, 2024 at 09:00 pm

WAXP: A Comprehensive Guide to Buying, Selling, and Trading

WAXP, the native cryptocurrency of the WAX (Worldwide Asset eXchange) blockchain, is a popular digital asset used for various purposes within the WAX ecosystem, including purchasing digital collectibles, creating dApps, and facilitating transactions. This article provides a detailed guide to buying, selling, and trading WAXP.

Step 1: Select an Exchange

To buy, sell, or trade WAXP, you'll need to choose a reputable cryptocurrency exchange. Some recommended exchanges that support WAXP include:

• Binance
• KuCoin
• Huobi Global
• Gate.io

Step 2: Create an Account

Once you've selected an exchange, create an account by providing your personal information, email address, and phone number. Some exchanges may require you to complete a KYC (Know Your Customer) process to verify your identity.

Step 3: Deposit Funds

In order to purchase WAXP, you'll need to deposit funds into your exchange account. Most exchanges support a variety of deposit methods, including bank transfers, credit cards, and other cryptocurrencies.

Step 4: Buy WAXP

Once you've deposited funds into your account, you can navigate to the WAXP trading page on the exchange. Here, you can specify the amount of WAXP you wish to purchase and the price at which you want to buy it. Click "Buy WAXP" to execute the order.

Step 5: Store WAXP

After purchasing WAXP, you'll need to store it securely. You can either keep it on the exchange or transfer it to a hardware or software wallet that supports WAXP.

Selling WAXP

To sell WAXP, follow these steps:

Step 1: Navigate to the WAXP Trading Page

Go to the WAXP trading page on the exchange where you purchased it.

Step 2: Sell WAXP

Enter the amount of WAXP you wish to sell and the price at which you want to sell it. Click "Sell WAXP" to execute the order.

Step 3: Withdraw Funds

Once the WAXP has been sold, you can withdraw the proceeds from the exchange into your bank account or other cryptocurrency wallet.

Trading WAXP

WAXP can also be traded against other cryptocurrencies on supported exchanges. To trade WAXP:

Step 1: Create a Trading Pair

Navigate to the trading page on the exchange and select the WAXP trading pair you wish to trade (e.g., WAXP/USDT).

Step 2: Place Your Order

Enter the amount of WAXP you wish to trade and the price at which you want to trade it. You can choose from different order types, such as market orders, limit orders, and stop-loss orders.

Step 3: Monitor Your Trade

Once you've placed your trade, monitor its progress to ensure it executes successfully. You can adjust or cancel the trade at any time before it's executed.

Conclusion

Buying, selling, and trading WAXP is a straightforward process that can be completed on reputable cryptocurrency exchanges. By following the steps outlined in this guide, you can safely and securely manage your WAXP assets.