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Warning! You are about to experience blockchain technology that has introduced innovative features. Waves crypto’s DEX exchange, Waves-NG, easy token creation and adaptability have made others push boundaries too.
The blog will cover how to buy Waves, where to buy Waves crypto, straightforward wallets and their classifications, ways to buy crypto securely, and other important information you must know.
Discover with us what Waves has to offer!
What is Waves Crypto?
Waves is a digital currency with a unique technology called the Waves blockchain. It’s similar to other cryptocurrencies like Bitcoin or Ethereum but with some special features.
Create your token
One of the cool things about Waves is that it lets people create digital tokens. Imagine you have a business and want to create a special token representing loyalty points for your customers. With Waves, you can do that! It gives you the power to create and issue your own tokens quickly.
Trade directly
Waves also has its own decentralized exchange, like a digital marketplace. You can change your Waves tokens or other tokens created on the platform with other people directly without needing a mediator like a bank. This makes trading faster and more efficient.
Keep your contracts smart
Another feature of Waves is its ability to support smart contracts. These are like digital agreements that automatically execute when certain conditions are met. For example, you could create a smart contract that releases funds to freelancers only when they complete a specific task.
Easy medium for your activities
Waves is designed to be fast and scalable. It can handle a large number of transactions quickly. This makes it suitable for applications that need speedy processing.
Your wallet in hand
If you’re interested in using Waves, you can store and manage your tokens in a mobile wallet app. It’s a convenient way to access and trade your Waves tokens from your smartphone.
Where to buy Waves crypto?
Crypto Exchange and Trading platforms: Many platforms like Binance, Bittrex, Houbo Global, Kraken and KuCoin are known for trading crypto. You can buy Waves crypto from these.
Source: Kraken
Decentralized Exchanges (DEX): Waves has its own decentralized exchange called Waves.Exchange, where you can directly trade Waves and other tokens built on the Waves blockchain. DEX platforms like Waves.Exchange allow you to trade cryptocurrencies peer-to-peer without relying on a centralized exchange.
Source: Waves Exchange
Peer-to-peer trading: Some platforms facilitate peer-to-peer trading, connecting buyers and sellers directly. These platforms often act as intermediaries, ensuring secure transactions between users. While these platforms may not specifically list Waves, you may find individuals willing to trade Waves for other cryptocurrencies or fiat currencies.
Peer-to-peer crypto exchanges struggle to navigate the shifting legal landscape
OTC (Over-the-Counter) trading: OTC trading desks or services cater to large-volume trades or institutional investors. These services often provide personalized support and assistance for buying and selling cryptocurrencies, including Waves. OTC trading desks such as Circle Trade or Genesis Trading may offer access to Waves for eligible participants.
Brokerage services: Some brokerage platforms or financial services providers may provide waves with crypto as part of their investment products. These platforms typically simplify buying and holding cryptocurrencies, targeting a broader range of investors. Examples of such services include eToro or Revolut. Verifying whether Waves is available on your specific brokerage platform is essential.
Token Airdrops or Rewards: Occasionally, Waves tokens may be distributed through airdrops or as rewards for participating in certain activities or projects. Keep an eye on official Waves announcements, social media channels, and community forums for potential opportunities to acquire Waves tokens in non-traditional ways.
Source: Waves
When exploring alternative platforms or services to buy Waves crypto, it’s crucial to ensure the legitimacy, security, and regulatory compliance of the platform. Conduct thorough research, read user reviews, and consider the reputation and trustworthiness of the platform before engaging in any transactions.
How to buy Waves crypto?
Here’s how you can buy Waves on different platforms depending on availability:
Crypto Exchanges
- Create an account by visiting their website and clicking “Register” to sign up.
- After completing the registration process,
- Set up your account and go to the “Markets” or “Trade” section and search for the Waves trading pairs.
- Select your desirable trading pair to buy Waves, such as BTC/WAVES or ETH/WAVES.
- Insert the amount of the transaction.
- Once the order is executed, you will see your Waves balance in your wallet.
Decentralised Exchange (DEX)
Choose a DEX: There are several decentralized exchanges available, such as Uniswap, SushiSwap, PancakeSwap or Waves. Select a DEX that supports Waves trading pairs or has Waves available for swapping.
Set up a Wallet: Most DEXs require connecting your wallet to trade. You can use a non-custodial wallet like MetaMask or Trust Wallet. Install the wallet extension or app. Now either create a new wallet or import an existing one.
Add Waves to your Wallet: If you don’t have Them in your wallet, you must acquire them first. You can purchase Waves from a centralized exchange, follow the earlier steps, or receive Waves from another wallet or user.
Source: Reddit
Connect your Wallet to the DEX: On the DEX platform, look for the “Connect Wallet” or similar button. Click on it and select your wallet provider (e.g., MetaMask). Approve the connection request, and your wallet will be linked to the DEX.
Find the Waves trading pair: Search for the Waves trading pair on the DEX. For example, if you want to trade Waves for Ethereum, look for the Waves/ETH pair.
Specify the trade details: Enter the amount of Waves you want to sell or the amount of the other cryptocurrency you want to trade for Waves. Double-check the details to ensure accuracy.
Confirm the trade: Review the transaction details, including the exchange rate and any applicable fees. If everything looks good, click on “Confirm” or a similar button to initiate the trade.
Approve the transaction: In decentralized exchanges, you typically need to approve the transaction before it can be processed. A pop-up will appear in your wallet, asking you to confirm the transaction. Review the details and approve the transaction.
Wait for the trade to execute: The trade will be processed on the blockchain, which may take a few moments. You can monitor the transaction progress on the DEX or using blockchain explorers.
Verify the transaction: You will receive the purchased Waves in your wallet once the trade is complete. You can check your wallet balance or transaction history to confirm the successful purchase.
Over-the-counter (OTC) trading
- Look for reputable OTC providers that offer Waves cryptocurrency. These providers specialize in facilitating large-volume trades outside traditional exchanges. Research and choose a trusted OTC provider that suits your needs.
- OTC providers may require you to provide certain information, such as your full name, contact details, proof of identification, and sometimes proof of funds. This information helps ensure compliance with regulations and prevents fraudulent activities.
- Engage in a conversation to discuss trade terms. This includes the number of Waves you wish to purchase, the price per token, and any other relevant details like settlement options or specific requirements you might have.
- Negotiate the terms with the OTC provider to agree on the trade. They may provide you with a quote based on the current market conditions. Once satisfied with the terms, confirm the trade and proceed to the next steps.
- Before finalizing the transaction, conducting due diligence on the OTC provider is essential. Check their reputation, reviews, and verify their legitimacy. Look for any potential red flags or negative feedback from other users or the community.
- Once all the necessary details are agreed upon, and you feel confident in the proceeding, follow the OTC provider’s instructions for executing the trade. They will provide you with the necessary instructions, which may involve transferring funds to an escrow account or providing wallet addresses for the Waves tokens.
Source: Reddit discussion
- After executing the trade, the OTC provider will guide you through the settlement process. This typically involves verifying the transaction and coordinating the transfer of Waves tokens to your designated wallet.
- Once the Waves tokens are transferred to your wallet, double-check your wallet balance to ensure that you have received the correct amount of Waves as agreed upon in the trade.
Brokerage services
- Look for reputable cryptocurrency brokerage services that offer Waves. Consider security, fees, customer support, and user reviews.
- Visit the chosen brokerage service’s website and sign up for an account. Provide the necessary information.
- Once your account is set up, you must deposit funds to buy Waves. Most brokerage services support deposits in various cryptocurrencies or fiat currencies. Follow the instructions provided by the brokerage service to deposit funds into your account.
- Navigate through the brokerage service’s interface to locate Waves cryptocurrency. This can typically be done by searching for “Waves” in the search bar or by browsing the available cryptocurrencies.
- Take note of the current Waves price and any associated fees or commissions for buying the cryptocurrency. Understand the trade terms, such as minimum purchase amount, trading limits, and order types available on the brokerage service.
- Once you’re ready to buy Waves, specify your purchase amount. You may have the option to set a limit order (choosing the price you want to buy) or a market order (buying at the current market price). Follow the brokerage service’s instructions to place your order.
- Review the details of your order, including the number of Waves you are buying and the total cost. If everything looks correct, confirm the purchase. Ensure you have sufficient funds in your account to cover the purchase.
- Once your purchase is complete, the Waves cryptocurrency will be credited to your brokerage service account. Consider transferring your Waves to a secure personal wallet under your control for added security. Follow the wallet setup and transfer instructions provided by Waves or use a reputable wallet provider.
Why buy Waves?
| Blockchain platform operates as both a cryptocurrency and a blockchain platform. provides a decentralized ecosystem that enables the creation, execution, and management of smart contracts and decentralized applications (dApps). By owning Waves, you can participate in this innovative blockchain platform and potentially benefit from its growth and adoption. | Efficient and scalable designed to be highly efficient and scalable.wanting to transfer funds, participate in token offerings, or engage in decentralized finance (DeFi) activities, Waves aims to provide a seamless and cost-effective experience. |
| Tokenization and Crowdfunding offers tools and infrastructure for tokenization, enabling businesses and individuals to create and manage their digital assets on the Waves blockchain. | Decentralized Exchange (DEX) operates its own decentralized exchange, known as the Waves Exchange. By owning Waves, you can access this DEX and benefit from its features, such as instant trades, liquidity pools, and the ability to participate in yield farming or liquidity provision. |
Where to keep Waves?
Keeping cryptocurrency safe is a big question. Let’s discuss a bit to get the insight.
Importance of keeping your Cryptocurrency in a wallet
When we talk about crypto, we instantly think about security. Keeping your crypto in an authentic wallet has many benefits.
- Protects you against unauthorized access
- Mitigates theft risk
- Regulates control and ownership
- Keeps your risk management strategy intact
- Gives you peace of mind
- Protects against loss
Types of wallets available for storing Waves
Official Waves Wallet: The Waves Wallet designed specifically for storing Waves. You can download the wallet from the official Waves website. It provides a secure and convenient way to manage your Waves tokens and supports other cryptocurrencies on the Waves platform. Make sure to download the wallet from the official source.
Hardware Wallets: Hardware wallets are physical devices that provide an extra layer of security for your Waves and other cryptocurrencies. Popular hardware wallets like Ledger and Trezor support Waves. These devices store your private keys offline, making them less vulnerable to hacking attempts or online threats. Hardware wallets are considered one of the safest options for long-term storage of cryptocurrencies.
Desktop Wallets: Desktop wallets are software applications installed on your computer. They offer convenience and control over your Waves holdings. Examples of desktop wallets that support Waves include Waves.Exchange desktop client and Atomic Wallet. You must download wallets from trusted sources and protect your computer from malware and viruses.
Mobile Wallets: Mobile wallets are smartphone applications that allow you to manage your Waves on the go. They offer convenience and easy accessibility. Waves.Exchange and Trust Wallet are popular mobile wallet options that support Waves. Just like with any mobile app, it’s important to keep your device updated, use secure connections, and enable device security features.
Recommended wallets and best practices for securing Waves
Selecting a wallet depends on many personal factors like ease of use, security features, reputation and research and development. There are many incidents when even reliable wallets get scammed. You must first analyze your storage needs.
Trezor Sales Skyrocket by 900% Despite Reddit Scam Warnings
Waves provides its own wallet, which could be one of the best options because it is the official Waves wallet, is user-friendly, integrates with Waves eco-system and provides robust security.
Besides choosing the reliable wallet, there is some other security measure you must take to secure your Waves:
- Enable two-factor authentication
- Secure your private keys
- Use strong passwords
- Keep software up to date
- Beware of phishing attempts
- Backup your wallet
- Be informed
- Verify wallet downloads
- Be cautious while making transactions in public WiFi
Other Crypto similar to Waves
There are other Cryptocurrencies that share similar features like Waves, in terms of use cases, technology and adaptability.
- Ethereum: Allows creation of smart contracts and dApps like Waves
- Cardano: Aims to support tokenization just like Waves.Tezos: Designed for self-amendment and tokenization.
- NEO: Combines digital assets, digital identity and smart contracts.
- Stellar: Supports token issuance and asset tokenization just like Waves.
Source: Google search
Why use a VPN for Waves Crypto
Using a VPN for Waves can be a guard against getting personal information revealed or certain cyber security threats. When you use a VPN for crypto transactions, you are at a safer side.
Importance of online security and privacy
A VPN helps to encrypt your internet connection, making malicious actors find it difficult to intrude on your privacy. While you access your Waves wallet, a reliable VPN will create an extra layer of protection, to keep you away from potential threats.
How VPNs protect your sensitive information
Cryptocurrency transactions are said to be anonymous, but they are not. Instead, they are ‘pseudonymous.’ By using a VPN, you can be assured of masking your IP address and completely hiding from third-party intruders. This anonymity keeps your sensitive information undiscovered.
Benefits of using a VPN for Crypto transactions
There are numerous benefits of using a VPN for Crypto transactions:
- You avoid ISP surveillance.
- You are untraceable in countries where crypto is banned.
- Your IP is covered. Hence you never get blacklisted.
- You are protected while using public WiFi.
- You can avoid the cyber risks of phishing and DDoS attacks.
Shutting down
Cryptocurrencies are volatile in nature. They need to be owned with due diligence. Keeping the best methods to keep your investments safe is the only option. So be wary, take the right decision, and keep your privacy and assets safe.
Frequently Asked Questions
It is difficult to buy Waves in cash from an exchange, but this could happen if you contact any brokerage services or OTC to do so.
When we talk about good investment, we consider long-term returns. Waves’ technology, next-generation advancement, and community collaboration make it look like a good investment.
To buy waves in USD, you must follow the guide above about how to buy Waves. You can mainly buy it from Crypto Exchanges.
Marrium Akhtar
June 2, 2023
12 months ago
