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How to buy Wanchain (WAN) online
This page details everything you need to know before you invest in Wanchain. We provide the best places to buy Wanchain tokens online, explore the pros and cons of the project, and look towards the future by analysing its investment credentials. Read on to get started.
Compare where to buy Wanchain, and open an account
Click on any of the links below to sign up to a reliable trading platform and get some WAN now. However, if you want to learn more about Wanchain first, simply scroll down.
How to buy Wanchain online – a step-by-step guide
Step 1. Find an exchange
If you are looking to get crypto tokens in the quickest and most affordable fashion, finding a reliable crypto exchange should be at the top of your list of priorities. The following exchanges both support Wanchain, and you can sign up to them by clicking the relevant link below:
- Binance: As the most popular crypto exchange in the planet (based on trading volume), you can’t really go wrong with Binance. Join Binance today >
- KuCoin: KuCoin is a growing crypto exchange that offers a wide variety of useful features and supports a wealth of digital assets. Sign up for KuCoin >
Step 2. Sign up and fund your account
Now you have chosen the exchange you want to use, you need to sign up and add funds to your newly created account. To sign up, fill out the contact details that are requested of you and provide a copy of your photo ID if it is required. Then, add funds to your account from an accepted source – this could be fiat money like GBP or USD from a bank transfer, or a cryptocurrency like Bitcoin from a connected wallet.
Step 3. Purchase
To purchase Wanchain, first search for its ticker – WAN – on your chosen exchange. Then, enter how many coins you want, check you are happy with the price and fees, then execute your transaction. The WAN should be added to your account almost instantly.
Step 4. (Optional) Get a suitable wallet
To learn how to trade Wanchain, skip to the next section. However, if you want to hold coins for the long term, a wallet can give you the security you need to feel safe in your investment. We have outlined some of the best wallets to store your Wanchain below:
- CoolWallet: With a Coolwallet, you get the security benefits of physical storage with the convenience of digital access and control. Get Coolwallet now >
- Freewallet: Freewallet is an easy-to-use, low-fee option that is now one of the most popular crypto storage solutions on the market. Sign up with Freewallet >
How to trade Wanchain – step-by-step guide
Step 1. Find a broker
Trading cryptocurrencies through a broker is the simplest and easiest method available to you. Brokers are regulated online services that allow you to instantly open and close trades to take advantage of price action.
However, right now, brokers only tend to support the top cryptocurrencies, so Wanchain is not available via any platforms. This page will be updated as soon as this changes, so you might want to bookmark it. Also, make sure to keep an eye on the new listings of major brokers like eToro and Robinhood.
Step 2. Deposit money
Signing up to a broker requires you to enter a few contact details and often a copy of your photo ID. Depositing money into your broker account is usually a little simpler than funding an exchange account. All brokers support fiat money via a bank transfer, and some even offer PayPal, which makes the process even easier.
Step 3. Learn how to perform technical analysis
If you want to generate consistent, strong returns from trading, it is crucial you have a good understanding of technical analysis. This is the process of reading charts to identify patterns that can indicate imminent price movement, and you can complete our short-term trading course if you’d like to learn more.
Step 4. Decide whether to go long or short
When trading WAN, going long means you believe it will rise in value, whereas going short means the opposite. Brokers allow you to take positions in either direction on a trade, and your decision will depend on where you expect the market to move next. Make sure you understand the difference between going long and short before proceeding any further.
Step 5. Make the trade
Now, you should be ready to make your first trade. However, make sure you are familiar with the risks of cryptocurrency trading before getting started and consider opting for a demo account to test out your strategies before risking real money.
Should I invest in Wanchain?
If you believe in the crypto revolution, WAN coin could be a good addition to your portfolio. Its ability to allow different blockchains to become interoperable could be key to securing meaningful adoption and strong performance for crypto. As part of the Blockchain Interoperability Alliance (along with Icon and Aion), Wanchain is at the forefront of promoting interconnectivity between isolated blockchain networks.
Having announced a partnership in February 2018 with Kyber Network to build the Kyber-Wanchain Decentralised Exchange (KWDEX), Wanchain has demonstrated its ability to complete meaningful deals in the crypto sector. This is another reason why investing in the coin could lead to rewards in the future.
Aside from the specific qualities of Wanchain, it is also important to take into account overall market conditions when deicing whether or not to invest. In a bull market, an altcoin like WAN is likely to perform well – bolstered by the general accretion of crypto prices – whereas, in a bear market, it may be best to steer clear of WAV.
If you haven’t made up your mind about WAN yet, don’t worry. Check out the pros and cons of Wanchain below.
- Promotes interoperabilty between blockchains
- Has secured meaningful partnerships with crypto peers
- Could play a key role in the future of blockchain technology, allowing cryptos to work together
- Development team has a strong reputation for delivering on promises
Now, check out the additional considerations you should make below and decide if you want to invest in Wanchain.
1. Is now a good time to buy Wanchain?
This hinges largely on the type of investor you are. So, if you are the sort of person who likes to purchase cryptocurrencies and hold them for the long term, Wanchain’s ability to harbour interoperability could be key in its future price growth as it lays the foundations for a new digital economy.
However, if you are a short-term trader, the project’s roadmap to future success is much less relevant. Instead, you need to hone in on technical analysis so you can get an idea of where the market is likely to move next.
For more information on Wanchain’s recent price performance, check out our latest WAN analysis below. Click on any of the articles to check them out.
2. What problem does Wanchain solve, and what are its investment prospects?
Wanchain allows isolated blockchains to work in conjunction with one another, breaking down borders and presenting a viable future for blockchain that the mainstream could be drawn in by.
By far the biggest hurdle for Wanchain to clear is the competition. Powerhouses like Polkadot have established vast, loyal communities and have secured huge gains in the value of their native tokens. However, while it may be too late for WAN to catch DOT, that doesn’t mean it can’t experience meaningful growth.
For the latest news on Wanchain and the wider cryptocurrency sector, click on any of the news articles we have linked below:
3. Do you want to hold Wanchain for the long term?
There are two completely different ways you can seek exposure to the price performance of WAN: purchasing it and holding it for the long term, or trading it to speed up your returns. Here are the different considerations you should make for each of these strategies.
Considerations for a long term investment strategy
Long-term investors should focus most of their energy on finding a reliable crypto exchange, signing up, and depositing funds. This will allow them to purchase WAN coin quickly and easily. tokens. They should also think about getting a wallet for added security.
Considerations for a short term trading strategy
If trading Wanchain is your focus, choose a broker with low fees that offers WAN as soon as one begins supporting the coin. Then, carry out technical analysis and hone your trading strategy.
Fact-checking & references
Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.
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