WAX (WAXP) is a token issued on the Blockchain Network. Through the collective efforts of the WAX development team and community members, the number of applications supporting WAXP has been gradually increasing, demonstrating significant potential within the crypto industry. More and more people are becoming interested in WAX. They wish to invest or purchase WAX (WAXP), but may not know how to get started. Here, we will guide you through all the information you need to know about purchasing WAX. Regardless of your location, Bitrue can provide you with a simple and secure way to buy WAXP.
Where and how to buy WAX
When it comes to purchasing WAX (WAXP), users may focus on various factors, such as cryptographic wallets, on-chain protocols, and other complex operations. Fortunately, Bitrue exchange allows you to buy WAX in a simple and quick manner. Just register through the official website or app, verify your identity, set up your payment methods (such as credit cards/debit cards/bank transfers), or deposit cryptocurrencies to your Bitrue wallet for spot trading. The purchased WAXP will be stored in your crypto wallet account to ensure asset security. Below is a step-by-step guide on how to buy WAX (WAXP) through Bitrue.
Alternative methods to acquire WAX
Apart from directly buying WAX (WAXP), what are the alternative methods to acquire WAX ?
Fixed Auto-Investment in WAXP
Regularly invest a fixed amount at scheduled intervals in WAX (WAXP) digital assets, enjoying both short-term returns and long-term benefits.
Staking WAXP
Flexible staking of WAX (WAXP) digital assets to earn interest or high returns in other cryptocurrencies.
Get WAX (WAXP) for free
If you have enough time, you can obtain WAX for free through the following methods:
- Invite friends to join the Bitrue coupon event and earn free WAX (WAXP).
- Join the Bitrue Rewards Center, participate in ongoing challenges and airdrops to receive free WAX.
- All cryptocurrency airdrops and rewards can be exchanged for WAXP through coin-to-coin exchange or spot trading.
How to keep your WAX safe and secure
Once you have purchased WAX, it is crucial to store it in a secure location. Bitrue is a secure, transparent, technologically stable, and user-friendly cryptocurrency exchange. Bitrue allows you to store WAX and other digital assets in the encrypted wallet of your platform account, enabling you to trade, deposit, and withdraw anytime, anywhere.
If you are highly familiar with operating on-chain WAX wallets, you also have the option to store WAX (WAXP) separately in a personal encrypted wallet. This wallet serves to keep your WAX secure and accessible, allowing you to send and receive it while maintaining control.
To ensure the security of your WAX, consider the following types of encrypted wallets:
- Mobile Wallets: Store your private key in an application on your smartphone.
- Web Wallets: Third-party-controlled online servers that store your private key.
- Desktop Wallets: Computer programs that allow you to store your private key on a hard drive.
- Hardware Wallets: Physical devices for offline storage of private keys.
Note: Cryptocurrency wallets do not technically store your WAX encrypted assets. Instead, the assets remain on the blockchain, and access is granted using the digital private keys stored in the wallet.
FAQ About Buy Crypto
How many WAX are there in total?
The total supply of WAX is 4,297,544,640 and the Circulating Supply is 3,640,237,487 .
Why are people buying WAX?
People buy WAX for various reasons. Some view it as an investment, expecting its value to increase, while others appreciate its decentralization and anonymity, seeking to avoid restrictions of traditional financial systems. Additionally, WAX serves as a digital asset with transactions independent of central authorities. Overall, motivations for purchasing WAX include investment, risk diversification, and trust in new digital assets.
Should I buy WAX?
Deciding whether to buy WAX depends on individual financial goals, risk tolerance, and understanding of the digital asset market. WAX investments involve market volatility and risks, so it's advisable to thoroughly understand its characteristics and market conditions before purchasing. If you have investment experience, can withstand price fluctuations, and are willing to accept potential losses, buying WAX (WAXP) may be a suitable investment choice. However, remember that all investments come with risks.
Can I use cash to buy WAX?
Generally, buying WAX digital assets by cash is relatively challenging, as most cryptocurrency exchanges prefer electronic payments or bank transfers.
What are the fees for buying WAX?
Bitrue offers the lowest fees across all cryptocurrencies. Check the fee rates for all cryptocurrencies
here.
How to use Apple Pay to buy WAXP?
Currently, Bitrue does not support purchasing WAXP or adding fiat currency using Apple Pay.
How to use Paypal to buy WAXP?
Currently, Bitrue does not support purchasing WAXP or adding fiat currency using Paypal.
What can I do with WAX?
You can use WAX to pay for goods and services, invest, transfer and remit, preserve assets, participate in DeFi, donate, and more.
How to sell my WAX?
If your Bitrue wallet does not hold WAX, you need to deposit WAXP into your Bitrue account. If you already have WAXP, log in to your trading platform account, find the Sell option, usually located on the OTC or market trading page. Enter the quantity of WAXP you want to sell, select the selling price, confirm the sell order, and once your WAXP is successfully sold, you can withdraw funds to your set bank account or other payment methods.
Can I purchase WAX (WAXP) worth 1 US dollar?
In theory, WAX (WAXP) can be divided into many units of 1 US dollar each, but on Bitrue, the minimum order amount for WAXP is 10 US dollars.
Disclaimer
Cryptocurrency markets are highly volatile and can experience rapid price fluctuations. You are solely responsible for your investment decisions and Bitrue is not liable for any losses you may incur. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information provided on this platform and any associated materials are for informational purposes only and should not be considered as financial or investment advice.