How to Buy Tokens for Beginners 2024
Are you looking for the simplest ways possible to invest in the best cryptocurrency tokens for beginners in 2024? In this guide, we will show you how to buy tokens in just a few minutes.
Covering some of the exciting new token presale projects along with already listing tokens, our guide will provide a step-by-step tutorial on how to buy crypto tokens right now.
How to Buy Tokens – Quick Guide
The sections below will give a brief glimpse of how to invest in Wall Street Memes ($WSM) on presale.
- Step 1: Get a Crypto Wallet – Investors can access the Wall Street Memes presale with a crypto wallet such as MetaMask or Wallet Connect
- Step 2: Buy ETH/BNB/USDT Coins – $WSM can be swapped with tokens such as Ethereum, Binance Coin or USDT. Buy one of these tokens from an exchange and transfer them to the cryptocurrency wallets.
- Step 3: Connect the Wallet to the Presale – Visit the Wall Street Memes presale website and connect your cryptocurrency wallet by following the on-screen instructions.
- Step 4: Buy $WSM – Choose the tokens you wish to swap $WSM with, enter the transaction amount, and select ‘Buy Now’ to complete the transaction. Investors will be able to receive their tokens after the presale comes to an end.
How to Buy ICO Tokens – Step by Step Tutorial
In 2023, Wall Street Memes ($WSM) has emerged as one of the best crypto presales. While the project has already collected over $17 million in a short amount of time, users can still buy $WSM, the native token on presale.
Here’s how you can buy some of the best crypto ICOs, such as $WSM, in a few simple steps:
Step 1: Set up a Cryptocurrency Wallet
The Wall Street Memes token can be purchased on presale after investors set up a cryptocurrency wallet.
The platform is compatible with some of the best cryptocurrency wallets, such as MetaMask and Wallet Connect – which can be downloaded on your browser or as an app on a mobile device.
Step 2: Purchase ETH/BNB/USDT Tokens
$WSM is compatible with tokens such as Ethereum (ETH), Binance Coin (BNB), and Tether (USDT). If you’re looking from where to buy tokens, you can do this by accessing a suitable crypto exchange.
After purchasing the tokens, transfer them to your crypto wallet.
Step 3: Connect the Wallet to the Wall Street Memes Presale
Once your wallet is funded, visit the Wall Street Memes presale website. Click on ‘Buy Now’ and choose the respective crypto wallet. Follow the on-screen instructions and finish connecting your wallet to the presale.
Step 4: Buy $WSM Tokens
Investors can click ‘Buy $WSM with ETH/USDT,’ depending on what tokens they hold. Alternatively, you can choose to directly buy $WSM tokens from via a bank card from the presale website.
Enter the amount of ETH/BNB/USDT tokens you wish to swap for $WSM, and click ‘Convert’ to finalize the transaction.
Step 5: Redeem your Tokens
Once the Wall Street Memes presale ends, investors will be able to collect their tokens from the presale website itself.
How to Buy Tokens on an Exchange
Now, investors may also be interested in knowing more about purchasing cryptocurrencies which have been listed on exchanges. The sections below show users how to purchase Tamadoge (TAMA) – a popular meme token which was listed on the OKX exchange in 2022.
Step 1: Create an Account on OKX Exchange
The first step is to visit the OKX exchange and begin creating a new account.
Users are required to enter their email address/mobile number and create a unique password. Select the ‘Sign-Up’ option, once all the details have been entered.
Step 2: Buy USDT Tokens
After signing up, investors can purchase Tether (USDT) on the platform. The platform supports multiple payment methods such as VISA, Mastercard and Apple Pay.
Select a preferred payment option, enter the amount you wish to invest, and make the purchase.
Step 3: Buy TAMA Tokens
TAMA can be purchased through the TAMA/USDT pair on OKX. Search for Tamadoge on the navigation bar, enter the amount of tokens you wish to receive, and swap USDT for TAMA.
What are Crypto Tokens?
Cryptocurrency tokens are digital assets built on top of existing blockchains such as Bitcoin, Litecoin, or Ethereum. These tokens represent an asset that has been tokenized on the blockchain and can be used as transactional units.
For instance, cryptocurrency tokens are distributed by cryptocurrency projects to raise funds for projects. The term initial coin offering (ICO) refers to the distribution of cryptocurrency tokens to early investors, so they can get a share of the asset.
A token serves different purposes on the blockchain it exists. For example, multiple tokens such as Ethereum can be staked on the blockchain to generate passive income in the form of an Annual Percentage Yield (APY).
In other projects, such as Tamadoge (TAMA), tokens are used to distribute rewards and to participate in the virtual environments. Many cryptocurrency exchanges even deploy their own cryptocurrency tokens, to facilitate transactions of goods and payments within the blockchain.
Are Tokens the Same as Cryptocurrencies?
While many people often interchange the term ‘Cryptocurrencies’ and ‘Crypto Tokens,’ there is a difference between these two. Firstly, both cryptos and crypto tokens are blockchain-based digital assets.
However, cryptocurrencies are digital assets that have their own blockchains. They are issued directly by the protocol on which they run, making them the native currency of the blockchain. Many blockchains incentivize users to secure the network by rewarding cryptocurrencies. The underlying structure of a cryptocurrency is secured by using cryptography.
On the other hand, a cryptocurrency token is often used to represent a fungible and tradable asset or to enable a feature of the associated project, such as participation in a decentralized autonomous organization. While cryptocurrencies are the native asset of the blockchain protocol, crypto tokens are built on top of the blockchain.
Should You Buy Tokens?
Before investing in cryptocurrency tokens, it is important to learn the benefits of this space. Therefore, the sections below discuss whether one should purchase cryptocurrency tokens.
Long-Term Store of Value
Cryptocurrency tokens can be a long-term store of value due to their supply. Unlike fiat currencies, crypto tokens are limited in their availability. For example, Bitcoin, one of the best cryptos to watch, has a total supply of 21 million tokens.
This is one of the reasons why the asset has increased in value over such a long period. Other cryptocurrency tokens, such as AiDoge, also offer a limited supply of tokens, which can increase in price in the coming years.
Earn Interest via Staking
While many investors are keen on holding the token to witness the price move upwards, crypto tokens can generate a passive income through an annual yield. Top crypto tokens such as BTC and ETH can be staked to earn a potentially high annual percentage yield.
Therefore, you can hold tokens and earn more.
Access to Ecosystems and Rewards
Many cryptocurrency tokens are required to be held to make more rewards. For instance, on Ecoterra, a new crypto exchange, users can earn tokens by leveraging the platform to recycle materials.
Similarly, other platforms, such as Tamadoge, let users purchase in-game NFTs with their tokens. This way, users can compete in online environments with their tokens and win exciting rewards.
What are the Top Tokens to Buy Now?
Are you looking for the best cryptocurrency tokens to invest in right now? While the crypto markets have corrected in 2022, the crypto space has been performing strongly since the start of 2024.
In the sections below, we will discuss some of the top crypto with the most potential to grow right now.
1.Tamadoge – Top Meme Token to Buy Right Now
Tamadoge (TAMA) is a meme token that offers real utility to investors. The TAMA token is used within the Tamaverse, consisting of play-to-earn (P2E) environments and gaming arcade modes.
After raising more than $15 million on presale, TAMA was launched on OKX and other exchanges in 2022. The token can be used on the online marketplace to purchase Tamadoge pet NFTs. These pets are used within different games on a P2E arcade mode.
Players can compete against other pets and climb an online leaderboard to earn $TAMA token rewards. In the future, the platform will also release an AR (Augmented Reality) application, making it easier to compete in games with the tokens.
In the last 14 days, Tamadoge has increased in price by 144.9%. On 20th April 2023, the token was up by more than 30%. Currently, TAMA is priced at just $0.026 per token. With a rising market cap of only $28 million, Tamadoge is one of the best low cap crypto coins to buy now.
2. Bitcoin – Largest Cryptocurrency in the World
While some of the above-mentioned assets have been released recently, Bitcoin can be a good addition to your portfolio to add stability. BTC is priced at $28,770 and is 58% below its all-time highs (ATHs).
However, the cryptocurrency has performed strongly since the start of 2024. The token soared from $16,540 to above the $28K levels this year, representing more than a 69% price jump.
In the last few years, the crypto markets have been in a bearish phase following the coronavirus pandemic and uncertain economic conditions. But as seen with Bitcoin, the token has always offered higher highs after dropping in price.
Currently, Bitcoin has a market capitalization of $556 billion.
How to Find the Best Tokens to Buy
In the sections below, we will discuss some of the ways to look for the top cryptocurrency tokens:
Search for Crypto ICOs
One way to find the best tokens is by looking at new cryptocurrency projects that offer high growth potential. Platforms such as CoinMarketCap offer details on new ICO listings and projects.
While investing in new presales can be risky, many projects offer high growth potential in the long term. Many projects such as AiDoge have already offered huge growth and raised millions of dollars.
Those who enter in this particular presale at the current levels can purchase the token before the price jumps even further in the subsequent rounds.
Research on Social Media
Some of the new cryptocurrency projects have focused on marketing their ecosystem by leveraging social media platforms such as Reddit, Instagram, and Twitter. In the past few years, Reddit has become a popular medium for discussions and reviewing new cryptocurrency projects.
Interested investors can research more about projects by interacting with members on Reddit and learning more about the platform on Twitter and Instagram. Since some projects may potentially be scams, active social media pages really help in boosting their solidity and facilitate a bigger sense of community.
How to Buy Tokens Safely
While we have covered how to invest in tokens, choosing the right places to buy these crypto tokens is important. For instance, the talk about regulations and security has increased in the cryptocurrency space after the FTX scandal in 2022.
While not all crypto tokens are regulated, it is vital to trade and invest assets from cryptocurrency platforms that are licensed by reputable agencies. This ensures more security for the user, since the top agencies must follow multiple trading standards to protect their customers.
Conclusion
Our guide has shown investors how to buy cryptocurrency tokens on presale and through cryptocurrency exchanges. For those interested in purchasing new tokens, we have also covered the best new cryptos to buy in 2024. Follow the link below for more details.
FAQs
What is the best place to buy tokens?
We recommend using licensed, top crypto exchanges from where you can buy Bitcoin, Ethereum, and other altcoins.
How Do I get digital tokens?
When purchasing tokens on presale, such as $WSM, you need to download a crypto wallet and transfer either USDT/ETH/BNB to the wallet. Connect the wallet to the presale website, enter the number of tokens you want, and confirm the transaction.
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