How & where to buy Wings (WINGS) online
Invezz is an independent platform with the goal of helping users achieve financial freedom. In order to fund our work, we partner with advertisers who compensate us for users that Invezz refers to their services. While our reviews and assessments of each product on the site are independent and unbiased, brands may pay to appear higher up our table rankings or place ads in specific areas of the site. The order in which products and services appear on Invezz does not represent an endorsement from us, and please be aware that there may be other platforms available to you than the products and services that appear on our website. Read more about how we make money >
This page explains everything you need to know about the Wings cryptocurrency project and the WINGS token. Read on to discover how to purchase coins, what the platform’s prospects are, and the key things you need to consider based on your own financial goals.
What are the best exchanges to buy WINGS on?
If you are ready to get involved straight away, we have listed a selection of the best crypto trading platforms in the table below. Simply click on one of the links to sign up and you will own WINGS in no time. However, if you’d like some more information on this process and the Wings project itself, scroll down to keep reading.
How to buy Wings online – a step-by-step guide
Step 1. Find an exchange
The first step of purchasing a cryptocurrency is choosing an exchange to execute your transactions. These are online platforms that effectively function like giant marketplaces for cryptocurrency, allowing investors to swap between different digital assets.
To save you from having to search for an exchange that works for you, we have listed our two favourites below along with a brief explanation of their positive traits.
- Binance: This is the largest cryptocurrency exchange around and it offers a wide variety of coins with low fees, making it a strong choice for any crypto investor. Sign up for Binance >
- Bittrex: With a wide variety of supported payment methods and numerous supported crypto assets, Bittrex is an increasingly popular crypto exchange. Join Bittrex now >
Step 2. Sign up and fund your account
Now you have chosen your exchange, you need to sign up and fund your new account if you want to start purchasing coins. Do this by filling out the contact details that are requested and submitting a copy of your photo ID if prompted to confirm your identity.
Then, you can fund your account in any way that is supported by your selected platform. This can range from bank transfers of fiat currency to a wallet exchange of cryptocurrency.
Step 3. Purchase
Now it’s time to execute your transaction. Search for WINGS, and identify the pair that matches up with your account’s funds; for instance, that will be WINGS/USD for USD, and WINGS/BTC for Bitcoin.
Then, choose how many tokens you want to obtain, enter a price you are happy with and ensure you are content with the incurred fees. Finally, execute your trade, and your WINGS should be added to your account instantly.
Step 4. (Optional) Get a suitable wallet
After you get Wings coin, it is a good idea to source a reputable wallet to store your funds securely. Finding a Wings wallet shouldn’t be too difficult since it’s an Ethereum-based (ERC20) coin; therefore, all Ethereum-compatible wallets will be Wings-compatible. That said, it’s always worth having a look at what’s available and doing some research before you settle on the best wallet for your needs.
Here are a few of the best Wings wallets:
- CoolWallet: CoolWallet offers the secure storage of a physical crypto wallet with the convenience of software access via an app on your mobile device. Get Coolwallet today >
- Freewallet: With a Freewallet, you can move and manage your funds via your mobile device, desktop or web browser. Join Freewallet now >
How to trade Wings – a step-by-step guide
Step 1. Find a broker
Brokers are online services that allow you to open and close positions quickly to take advantage of price fluctuations: the essence of trading. However, no brokers currently offer Wings. When this changes, this page will be updated, so make sure to bookmark it to hear about it first.
The brokers that are most likely to list WINGS in the future are eToro and Plus500 since they are two of the biggest platforms around. Check out the rest of the steps to find out what to do once you can get Wings via a broker.
Step 2. Deposit money
You need to deposit some cash before you can begin trading. This is a fairly simple process and the minimum deposit requirements (around $100 – $200) shouldn’t put anyone off. Deposits can be performed via a bank transfer, or in certain instances, PayPal or a crypto wallet transfer.
Step 3. Learn how to perform technical analysis
If you want to be a good trader, a strong working knowledge of technical analysis is key. This is the process of reading charts and identifying trends so you can stay ahead of the market and understand where the market is going. Don’t be intimated if you haven’t heard of technical analysis before; simply check out our short-term trading course for a simple overview.
Step 4. Start trading
The basic idea behind trading isn’t too complicated. If you think the price of your cryptocurrency will rise then go long (buy) and if you think it will fall, go short (sell).
You may also choose to use leverage, significantly boosting the value of your trade. With leveraged trading, the broker covers a large part of the trade, so you only have to put up a proportion of the total trade value – known as a ‘margin’. This is not a strategy that we recommend for beginners as it can be risky, but savvy traders can use stop-loss orders to limit the potential damage.
Before you get stuck in, it’s a good idea to open a demo account with your broker and try some practice trades to ensure you’re ready for a live account. The reasoning behind this is to make sure you’re ready and that you know what you’re doing. The value of cryptocurrencies can fluctuate wildly in either direction and you can win and lose money very quickly.
Should I invest in Wings?
First things first: is the cryptocurrency market in a bull run or a bear run? In bullish conditions, prices are rising, and Wings is likely to follow this general trajectory. However, when bear dynamics come into play, Wings is likely to be declining in value.
Wings is designed to make it easier for Decentralised Autonomised Organisations (DAOs) to get funded by putting investors in touch with blockchain businesses via the Wing platform itself and social channels like Slack and Facebook. If you buy into this concept, investing in Wings could make sense.
However, you should only ever invest if you can afford to lose the money you are putting on the line. Cryptocurrencies like Wing are usually volatile, which means losses can quickly come in your direction. Make sure you are comfortable with these risks before getting involved.
In case you haven’t made your mind up yet, here are the pros and cons of the Wings platform.
- Wings is now an established cryptocurrency
- Fixed supply of coins
- Very interesting platform for investors
- Technology such as chatbots make the platform even easier to use
Before we conclude our guide, check out the questions we have provided below to find out if you should invest in Wings or not.
1. Is now a good time to buy Wings?
The answer to this question is largely dictated by your own financial goals. If you want to hold Wings tokens for the long term because you believe the platform will be successful, investing now ahead of future price growth could make a lot of sense. With a fixed supply of coins, Wings is much more likely to experience long-term price accretion than tokens with an unlimited supply.
However, for short-term traders, your interest in Wings’ future success as a platform is much less important than your ability to conduct strong technical analysis. After all, investors may think it is a good time to get Wings because it is a project for the future, whereas traders need to read the market to find out if right now is a good moment to make an entry.
Whatever strategy you choose to implement, make sure it is an informed one by reading the latest analyses of Wings below.
2. What problem does Wings solve, and what are its investment prospects?
Wings connects investors with DAOs, making it much easier for people to interact with the business they plan on investing in, and easier for these businesses to launch crowdfunding efforts. With the WINGS cryptocurrency, it is much easier than it used to be for a company to issue shares to investors.
The main obstacles for Wings to overcome are its small stature and the distinct lack of excitement surrounding the project. To build up some market interest, Wings needs to advertise itself more effectively and build up a strong, loyal community.
To find out the latest news on Wings, click on any of the stories that take your interest directly below.
3. Do you want to hold Wings for the long term?
You can speculate on the value of Wings in two ways: purchasing it via an exchange and holding it in a wallet for the long term, or trading it to take advantage of price fluctuations. Here is what you should think about with each method.
Considerations for a long term investment strategy
If you are in this for the long haul, you need to locate a reliable crypto exchange to get some coins. Then, find a wallet that suits you and store your coins in it.
Considerations for a short term trading strategy
For short-term traders, you should consider which low-fee broker is best for you. Then, work on perfecting technical analysis as this is what will allow you to flourish as a trader and achieve consistent returns.
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >