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Where to Buy Web3 in 2022: A 5 Step Safely and Securely Guide
How to get into web3 and How does WEB3 Play a Vital Role in Trading?
WEB3 initiates its first trade on 23rd Mar 2022. Web3 has a total stock of 100,000. As of now, WEB3 has a demand capitalization of USD 36,542,001.47. Moreover, the recent price of WEB3 is $365.42 and is categorized as 3111 on Coinmarketcap and has recently risen 48.23 per/cent at the time of writing.
WEB3 has been listed in several crypto industries. It is not like other leading cryptocurrencies. Web3 cannot be directly bought with fiat cash. Yet, You can still effortlessly purchase this coin by first purchasing Bitcoin from any fiat-to-crypto industry and then transmitting it to the exchange that offers to trade this coin. This article will make sure you go through all the steps and knowledge on how to buy web3 in detail. Moreover, you can visit Frequenc for the best NFT MARKETING AGENCY to boost your marketing for your project.
Register on Fiat-to-Crypto Exchange
Firstly you have to buy one of the important cryptocurrencies, Bitcoin (BTC). In this article, we will discuss the most commonly-used fiat-to-crypto exchanges, Uphold.com and Coinbase. Both businesses have fee strategies and other characteristics that we will discuss in detail to be more authentic. We recommend you experience both of them and then decide which suits you the most.
Search and sign up for both :
- SIGN UP COINBASE
- SIGN UP UPHOLD
Buy BTC with fiat money.
Once you are done with the KYC procedure. You will be expected to add a payment method. The payment method requires either a credit/debit card or
bank transfer. Let us tell you that cards use higher fees than instant purchases for more information. Whereas bank transfers are economical but slower, depending on the country of your residence, some countries will offer instant cash residues with lower fees.
You already choose Bitcoin, trade, and verify your transaction. Congratulations, you’ve just achieved your first crypto purchase.
Transfer BTC to an Altcoin Exchange
We need to transform our BTC into WEB3. And for this, you have to keep reading this article to learn its procedure as WEB3 is nowadays listed on PancakeSwap. For this purpose, we will supervise you through how to transform your BTC on the platform. Moreover, the conversion steps are a little different on PancakeSwap since it is a decentralized exchange (DEX) that does not need you to register an account or go through any KYC process; however, trading on a DEX wants you to manage your bitcoin (key to your wallet), and it is recommended to take extra care of your wallet personal key because if you lost your keys, it simply means you will lose access to your coins forever. No customer support will assist you in obtaining your investments back. Although if appropriately supervised, it is more secure to stock your assets in your wallet than on exchange wallets.
Convert your BTC into BNB on Binance
PancakeSwap is a DEX that is identical to Uniswap/Sushiswap, but rather it operates on Binance Smart Chain (BSC), where you will be eligible to trade all BEP-20 tokens; unlike Ethereum, it significantly lessens the trading(gas) fees while selling on the platform and is earning popularity recently. PancakeSwap is created on an automated market maker (AMM) system, sure of user-funded liquidity pools. It can work flawlessly without a conventional order book from centralized exchanges.
How to get into web3 – Must Sign up these traders:
US traders should try signing up on the exchanges below:
Moreover, once you have registered on Binance or the exchanges suggested above, head over to the wallet page and select the B, TC, and tap deposit, copy the BTC address and lead the way back to Coinbase and then withdraw your BTC to this address and have patience for it to come; this would take around 15-30 minutes depending on the BTC network. Once completed and arrived, exchange your BTC to Binance Coin (BNB). The BEST INFLUENCER MARKETING AGENCY, Frequenc, assists you with the most efficient and effective services ever.
Shift BNB to your wallet
Meanwhile, here comes the complicated part of the procedure. Create your wallet to carry both BNB and WEB3. There are numerous possibilities to create your wallet; the best choice is to use a hardware wallet, for instance, Ledger Nano S or Ledger Nano X. They are safe hardware that gives numerous layers of security to save your investments; you only have to store seed phrases in a safe place and never put it online (i.e., never upload the seed phrases to any cloud services/storage/email, and also do not capture a picture of it). If you are planning to stay in the crypto arena for a while, it is highly suggested to get a hardware wallet.
How to get into web3 – Store WEB3 securely in Hardware Wallets
Ledger Nano S
- Simple to set up and user-friendly interface
- It can be used, either way, laptops and mobiles.
- Endorse most blockchains and a DE range of (ERC-20/BEP-20) tokens
- Numerous languages available
- Created by a well-established company founded in 2014 with excellent chip security
- Reasonable price
Ledger Nano X
- More dominant safe element chip (ST33) than Ledger Nano S
- It can be utilized on desktops or laptops, or even smartphones and tablets through Bluetooth.
- Portable with a built-in rechargeable battery
- Large screen
- Storage space is higher than Ledger Nano S
- Support most blockchains and a broad extent of tokens
- Numerous languages available
- Created by a well-established company founded in 2014 with excellent chip safety
- Low price
Gate.io is an American cryptocurrency exchange that launched in 2017. As the business is American, US investors can trade here, and we recommend US traders sign up on this exchange. The exchange is available both in English and Chinese (the latter being very helpful for Chinese investors). Gate.io’s main selling factor is its wide selection of trading pairs. You can find most of the new altcoins here. Gate.io also demonstrates an impressive trading volume. It is one of the top 20 exchanges almost every day with the highest trading volume. The trading volume amounts to approx. USD 100 million daily. In terms of trading volume, the top 10 trading pairs on Gate.io usually have USDT (Tether) as one part of the pair. So, to summarize the preceding, Gate.io’s vast number of trading pairs and its extraordinary liquidity are both impressive aspects of this exchange.
Binance is a popular cryptocurrency exchange that started in China but then moved its headquarters to the crypto-friendly Island of Malta in the EU. Binance is famous for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since become the top crypto exchange in the world. Unfortunately, Binance does not allow US investors, so we recommend you sign up for other deals we recommend on this page.
Add MetaMask extension to Chrome.
Get on to the Chrome Web Store and search for MetaMask, make sure https://metamask.io delivers the extension for safety, and then tap Add to Chrome.
Continue with “Get Started” and then tap on “create a wallet” on the next screen, give a read to all the instructions on the next screen, and then tap “Agree.”
Next, select a secure password to secure your MetaMask wallet; this password is not your key or seed phrases; you only need this password to access the Chrome Extension.
You will discover a list of random words appearing on the screen after clicking “reveal secret words,” which is the backup phrase generation. Now write these words down on paper, and do not ever save them online, anywhere.
Once you have saved your seed phrases securely, confirm on the next screen by confirming them. And you’re entirely done with the procedure!
At last, Now you are prepared to deposit your BNB to your wallet, head over to PancakeSwap, click “Connect” at the top, and choose MetaMask.
Besides the exchange(s) above, a few popular crypto exchanges have decent everyday trading volumes and a massive user base. We recommend you also register on these exchanges because once WEB3 gets inscribed, it will captivate many trading volumes from the users. Moreover, you will have some tremendous trading opportunities! This will guarantee you to sell your coins, and the payments will usually be lower.
How to get into web3 – Additional Beneficial Tools for Trading WEB3
Encrypted Secure Connection
The very nature of cryptocurrency – decentralized, means that users are 100% accountable for dealing with their assets securely. Whereas using a hardware wallet helps you store your cryptos in a safe place, using an encrypted VPN connection while you trade gives rise to it being harder for hackers to stop your sensitive information. NordVPN is one of the promising paid (note: never use any free VPN services as they may detect your data in return for free service) VPN services out there, and it has been around for almost years.
Moreover, you can select to connect to 5000+ servers in 60+ countries based on your current location, which assures you to have a smooth and secure connection wherever you are around. There are no such bandwidth or data limits which implies that you can use the service in your everyday routines, such as downloading large files and streaming videos. Furthermore, it is the cheapest VPN service (only $3.49 per month).
Surfshark is a cheaper alternative if you search for a secure VPN connection. Thus, it’s a relatively new company with 3200+ servers circulated in 65 countries. Apart from VPN, it also has other excellent characteristics, including CleanWeb™, which vigorously blocks ads, trackers, malware, and phishing tries while surfing your browser. Surfshark does not have any device limit, so you can practically use it on as many devices as you want and even share the service with your friends and family. Trust Frequenc is the best DIGITAL MARKETING AGENCY for more authentic strategic plans and services.
IT nomads created Atlas VPN after seeing a scarcity of top-notch services within the free VPNs field. Atlas VPN was developed for everyone to have free access to available content without any lines attached. Atlas VPN is the first trustworthy free VPN armed with top-notch technology. Furthermore, even though Atlas VPN is fresh on the block, their blog team’s reports have been covered by prominent outlets such as Fox News, Washington Post, Forbes, TechRadar, etc. Following are some of the characteristic highlights:
- Powerful encryption
- The tracker blocker feature blocks hazardous websites’ from stopping third-party cookies from tracking your browsing patterns and prevents behavioral advertising.
- Data Breach Monitor discovers whether all of.
- SafeSwap servers enable you to have many rotating IP addresses by engaging with a single server.
- Most reasonable prices on the VPN market (only $1.39/month!!)
- No-log policy to maintain your privacy and safe
- Computerized Kill Switch to block your device or apps from accessing the internet if the connection fails to function
- Infinite simultaneous connections.
- P2P assistance
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FAQS About How to get into web3
Can I purchase WEB3 with cash?
There is no straightforward way to purchase WEB3 with cash. However, you can utilize marketplaces such as LocalBitcoins first to buy BTC, then finish the rest of the phases by transferring your BTC to respective AltCoin exchanges.
Meanwhile, LocalBitcoins is a peer-to-peer Bitcoin trade. It is a marketplace where users can sell and purchase bitcoins from each other. Users/traders develop advertisements with the rate and the fee they want to propose.
Are there any quick ways to buy WEB3?
Yes, Europe is one of the simplest places to purchase cryptos. Even online banks can solely open an account and transfer money to trades such as Coinbase and Uphold.
Are there any alternative platforms to purchase WEB3 or Bitcoin with credit cards?
There are very easy-to-use platforms for purchasing Bitcoin with credit cards. An immediate cryptocurrency exchange enables you to exchange crypto quickly and buy it with a bank card. Its user interface is amicable and easy to use.
How is Web3 associated with the metaverse?
The terms “Web3” and “metaverse” are frequently used interchangeably, but they are not the same.
The metaverse is best defined as a physical and virtual world mixture.
Web3 is a decentralized edition of the internet and doesn’t have anything to do with improving physical reality.
Whereas many Web3 protocols, such as NFTs or peer-to-peer cryptocurrency transactions, may be used in the future metaverse, Web3 is not the metaverse.
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