How to Buy Wings in 2020: Buy, Sell & Trade

The Wings platform and cryptocurrency have gradually been making a name for themselves. This guide shows you how to buy and trade Wings in 2020. 

Where to buy Wings

Read on to find out more about Wings and how it works or skip ahead to our step-by-step buyers guide if you’re up to speed and ready to invest. 

eToro
Key Features
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Min Deposit
$50
United States
Start Trading View key features
Key Features
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Top Coins
  • ETH
  • NEO
  • ADA
  • BTC
  • XLM
Payment Methods
Wire Transfer, Bank Transfer
eToro is a multi-asset investment platform with more than 2000 assets, including FX, stocks, Crypto, ETF’s, indices and commodities. eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.
FOREX.com
Key Features
Trade on popular Crypto markets
Go long or short on cryptos from 10p a point
A trading partner you can trust
Min Deposit
$50
United States
Start Trading View key features
Key Features
Trade on popular Crypto markets
Go long or short on cryptos from 10p a point
A trading partner you can trust
Top Coins
Payment Methods
Debit Card, Bank Wire, ACH, Credit Card, PayPal
Founded in 1999, part of GAIN Capital Holdings. Licensed in highly regulated juristictions, FCA, IIROC, NFA, CFTC, CIMA,FSA. Payment methods ACH, debit card, bank wire transfer. $50 minimum deposit.
Forex trading involves significant risk of loss and is not suitable for all investors.
CEX
Key Features
Margin Trading
Legal compliance
Cryptocurrency staking
Various Payment options
Min Deposit
$20
United States
Start Trading View key features
Key Features
Margin Trading
Legal compliance
Cryptocurrency staking
Various Payment options
Top Coins
  • BTC
  • ETH
  • USDT
Payment Methods
Credit Card, Debit Card, Wire Transfer, Cryptocurrencies, Skrill
Cex.io offers exchange of fiat currency for Bitcoin Ethereum, Tether, and 23 other cryptocurrencies, as well as Bitcoin/Ethereum trading against the USD.
Bittrex
Key Features
One of the largest cryptocurrency exchanges
High volume across all pairs
Perfect for large and small buyers/sellers
Min Deposit
$1
United States
Start Trading View key features
Key Features
One of the largest cryptocurrency exchanges
High volume across all pairs
Perfect for large and small buyers/sellers
Top Coins
  • BTC
Payment Methods
Credit Card
Bittrex Global has one of the most secure trading platforms and digital holding infrastructures in the world where customers can access exciting new products.
Binance
Key Features
Huge range of cryptocurrencies
Highly liquid
2 Factor Authentication
Min Deposit
$1
United States
Start Trading View key features
Key Features
Huge range of cryptocurrencies
Highly liquid
2 Factor Authentication
Top Coins
  • BTC
Payment Methods
Cryptocurrencies
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.

What is Wings?

Based in Russia, the Wings platform was designed to help the creation of Decentralised Autonomised Organisations (DAOs). It aims to do this by putting investors in touch with businesses via crowdfunding and giving them an easy way to interact, not only within the platform itself, but also through other channels such as Facebook and Slack.

How does Wings work?

The Ethereum-based platform also aids the creation of DAOs by offering prediction markets to analyse the viability of each project. 

The Wings cryptocurrency was created so that businesses easily issue shares to investors. There is currently a fixed supply of 100,000,000 coins. Over 97,000,000 of these are currently in circulation. 

How to buy Wings online – step-by-step guide

Step 1. Get a suitable wallet

Finding a Wings wallet shouldn’t be too difficult. It’s an Ethereum-based 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 our favourite Wings wallets:  

  • Trezor Wallet: If security is your number-one concern, then you’ll want to check out some hardware wallets. We like Trezor because it’s easy to use and they have great customer support should you need it.
  • Exodus: If convenience is a priority and you don’t want to compromise on security, Exodus could be the wallet for you. Compatible with Trezor and offering desktop and mobile versions, you’ll be hard pushed to find a better desktop option for your Wings. 
  • Jaxx: If it’s straight-up versatility you’re after, then Jaxx is the place to go. It offers desktop, mobile and browser extension versions and as far as software wallets go, it’s one of the safer options out there. 

Step 2. Find a Wings exchange

These days, finding an exchange for your cryptocurrencies is usually pretty easy even for lesser known coins like Wings. However, you’ll usually need some Bitcoin or equivalent because very few exchanges that accept fiat currency for Wings. 

Here are some of the more popular exchanges where you’ll find Wings on offer: 

  • Binance: No matter the currency you’re looking for, Binance is a great place to start your search. It’s been around for ages and the platform is easy to get to grips with. 
  • Bittrex: Another great place to grab your Wings is Bittrex. The Bittrex platform is super-secure, well-trusted, and easy to use.  

Step 3. Withdraw your Wings

We always advise investors to withdraw newly acquired funds from the exchange as soon as possible. It’s always safer to keep your coins in your own digital wallet rather than in an exchange wallet. 

How to trade Wings – step-by-step guide

If you’re not looking to buy coins and are only interested in trading, you won’t need to bother finding a digital wallet. 

Step 1. Find a broker

The first thing you need to do before you can start trading is to find a broker, and there are plenty to choose from. We have had a good look at what’s out there and our favourites are eToro and Plus500 as they are both well-established and easy to use, even if you’re just starting out. 

Step 2. Deposit money

You’ll 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. 

Step 3. Decide how you’d like to trade

Trading on the cryptocurrency market is mainly done either by Spread betting or CFDs (Contract for Difference). Both methods are fairly similar in that traders must accurately predict whether the price of a given currency will rise or fall over a set period of time. If you’re not sure which you’d like to try or what the differences between CFDs and Spread Betting are, it could be worth doing some research.

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. 

Still undecided?

Pros
  • 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
Cons
  • Still a fairly niche coin
  • Not supported by many brokers
  • Has been quite stable recently, making it less interesting to some traders
By Harry Atkins
Harry joined us in 2019 to lead our Editorial Team. Drawing on more than a decade writing, editing and managing high-profile content for blue chip companies, Harry’s considerable experience in the finance sector encompasses work for high street and investment banks, insurance companies and trading platforms.
Invezz uses cookies to provide you with a great user experience. By using Invezz, you accept our privacy policy.