Waves Guide
(Last Updated On: January 24, 2018)

How To Buy Waves (WAVES)?

Our step-by-step guide on how to buy Waves: We would recommend using an established exchange platform such as Binance. You can either choose to store them on the platform or withdraw them and keep them in a personal wallet. If you are looking to hold for Simple tokens longterm, then move them off the Binance platform. If you are new to Binance, carry on reading this article for a step-by-step guide on how to use this trading platform. If you’re not into Binance then you can also sign up to HitBTC – they also offer Waves to trade.

Where To Store Waves?

You can get the Waves client as a Chrome extension directly here. Alternatively, visit the official website for more information.

Waves Client

Sign-Up To Binance

Enter your email and a strong password (that you won’t forget!) and then Click ‘Register’. You will be sent an email to confirm your email address. Click the link in the email. If you can’t see it, then check your spam folder.

You will be taken back to Binance as your email is confirmed. Press ‘Login’. On the login form, enter the email and password you just used to sign up, then press ‘Login’.

binace confirmed email

A pop-up will advise you to set up 2FA (two-factor authentication) on your account. We strongly recommend you set up 2-factor authorization (2FA) on your account.this second level of security makes it very unlikely they will be able to get into your Binance account.

Adding Funds To Binance

Hover your mouse over ‘FUNDS’ on the top menu and click on ‘Deposits Withdrawals’. This screen displays any coins which you have stored on Binance – you will need to deposit some. I would suggest using Ethereum due to the lower sending fees. However, you can deposit other coins. Binance will also allow you to trade¬†WAVES/BNB/BTC – if you need crypto to deposit into Binance, then take a look at our guides on where to buy Bitcoin and where to buy Ethereum.

binance add funds

Type ‘Ethereum’ in the search box. This will narrow the wallets displayed to just a few- in those, find Ethereum. Press ‘Deposit’ You will be given an Ethereum (ETH) deposit address. Make sure you have the correct address. If you send a currency to the wrong address, it will be lost forever. (The image below show LTC – this is for example purposes only).

binance add funds part 2

 

Using The Exchange To Buy Waves

The exchange page on Binance might appear too much to handle to start with, but don’t worry, you only need to use a small part of it.

There are 2 methods for buying coins on Binance:

  1. A ‘Limit’ order, which enables you to manually set the price you want to buy token at.
  2. A ‘Market’ buy, which fills your order automatically at the best price available. The price may have spiked at that time, so be careful not to overpay. If you like the price then go ahead and use this method. Above the Buy Waves’ button, click the ‘Market’ option.

In the input box marked ‘Amount’ you now need to fill out what number of Waves you want to buy. It could be simpler to use the percentage buttons below the input box – for example, press 50% if you’d like to exchange 50% of your Ethereum/BitCoin/BNB for Waves.

Once you’re satisfied with the quantity, press the buy button. Your order will be filled immediately.

Withdrawing Your Waves Tokens

If you’re happy with it, you can just leave your coins on Binance and they would in all probability be safe. On the other hand, exchanges have been compromised in the past, and users have lost coins, therefore we do suggest you keep them in a personal wallet. (The image below shows LINK coin – this is for example purposes only). Ensure you have selected Waves.

  1. Press ‘Funds’ along the top menu, then ‘Deposits Withdrawals’. In the search box, type Waves. You will now see your new Waves in your Waves wallet.
  2. Click the ‘Withdrawal’ button.
  3. In the boxes that appear, complete the information:
  4. Label: Write ‘My wallet’
  5. Address: Put the wallet address that you copied from your Waves wallet.
  6. Amount: Press the ‘Max’ button to send all your Waves.

withdraw from binace

When you’re positive all information is accurate (check you’ve inputted the correct wallet address!), press ‘Submit’. If you’ve set up two-factor authentication, you will be asked for a code from your phone. Enter it and press ‘Submit’. You will be sent an email to confirm the withdrawal. Go to your email and click the link that’s been sent to you.

More Info On Waves Platform

Waves Platform is a global public blockchain platform, founded in 2016. Their mission is to reinvent the DNA of entrepreneurship around the world by providing a shared infrastructure, offering easy-to-use, highly functional tools to make blockchain available to every person or organization that can benefit from it.

Total Supply: 100,000,000
Circulating Supply: 85,000,000
ICO Price: $ 0.15

Additional Resources

WhitePaper

Telegram

GitHub

Leave a Reply