It was developed in 2017 as a purpose-built blockchain, with the goal of making e-commerce transactions faster, simpler, and more secure for all parties involved.
What Is WAX [WAXP]?
The WAX blockchain's consensus process is based on delegated proof-of-stake (DPoS), which is a form of proof-of-work. It is entirely compatible with the EOS operating system. A set of blockchain-based tools has been developed by WAX, on which decentralized application marketplaces (DApps) and non-fungible coins can be established, among other things.
A Step-by-Step Guide to Purchasing WAX [WAXP] Quickly
Step 1: Create an account
The quickest and most convenient way to acquire WAX is via an electronic marketplace. Because WAXP is a relatively new cryptocurrency that is still trying to acquire traction, this is not compatible with all major trading platforms at this time. Changelly, on the other hand, has it available.
Step 2: Put money into the account
Although it is not needed to utilize a wallet in order to buy WAXP, doing so can provide a second layer of protection to your crypto investment in general. Coinbase and other virtual currencies are concerned with the protection of your money, but cryptocurrency wallets allow you to hold on to your digital assets as if they were your own.
Step 3: Purchase WELL, either leveraged or not
Once you have passed the Know Your Customer (KYC) procedure. When you reach this step, you will be asked to provide such a payment system. When completing this form, you will have the choice of entering a credit/debit profile or completing a bank transfer. Even though you may incur more fees if you use a credit or debit card, you will have the ability to finish your transaction almost instantaneously.
How To Purchase WAX [WAXP] Using A Variety Of Methods?
The cryptocurrency WAX has been published on a variety of cryptocurrency exchanges; but, unlike other digital coins, it can also not be purchased directly with fiat money. In any case, you may still simply purchase this coin by first purchasing Bitcoin from every fiat-to-crypto exchange and then transferring to an exchange that trades WBNB. In this guide article, we will take you through the procedures to purchase WAX in greater detail.
How to Buy WAX [WAXP] Using a Credit Card or Debit Card?
Individuals interested in purchasing WAX on eToro can do so using credit and debit cards, which are among the most popular methods of depositing and withdrawing WAX funds. Customers receive guaranteed payback in the form of WAX tokens for every purchase they make. Their tokens can be exchanged quickly for a variety of cryptocurrencies, USD/EUR, or sent to VISA/MasterCard accounts, or they can be saved in a savings account.
Any eToro client in any of the 140+ approved countries can purchase WAX with a credit/debit card through the company's website.
How To Buy WAX [WAXP] Using PayPal?
WAX purchases with PayPal are possible on eToro, one of the few cryptocurrency trading platforms that allow consumers to do so. Furthermore, the deposit option is preferred over all other eToro online payment methods due to the fact that deposits are rapid and transaction processing rates are among the most affordable available. The most significant disadvantage is it's only accessible in places where PayPal and eToro are authorized.
How To Buy WAX [WAXP] Using eWallets (Skrill, Neteller)
In the event that clients of eToro live in a country where PayPal also isn't accepted, they may always purchase WAX on the website or pay with eWallets such as Skrill and Neteller. When purchasing WAX on eToro using eWallets (such as Skrill and Neteller), processing data is also quick, straightforward, and economical due to the use of blockchain technology.
How To Buy WAX [WAXP] Using a Bank Wire
In the event that all other deposit alternatives fail, the bank transfer alternative. It can be used to resolve the situation. Bank deposits and withdrawals, in contrast to all other eToro deal with these problems, take significantly longer to process, taking from 3 and 8 business weeks before the funds are credited to your trading account.
How to Buy WAX [WAXP] By Remaining Completely Anonymous (Without ID Verification):
WAX native token is listed on several major cryptocurrency exchanges — including Binance, Mandala Exchange, Huobi Global, Upbit, and KuCoin— where it is available to be traded against fiat currencies, stablecoins, and other cryptocurrencies.
FAQs
What is the total number of WAX (WAXP) coins in circulation?
As of February 2021, the total amount of WAX (WAXP) tokens in circulation was 1,513,825,734 tokens, with a maximum amount of 3,770,303,327 tokens.
How the WAX System is Protected from Attack?
It is unlikely that a significant minority of producers will compromise the DPoS consensus of the WAX networking system. In a continual approval system, token holders can vote on the WAX guilds they want to support.
