If you have any interest to buy Polychain Monsters Land Genesis Token (PMLG), you will be required to have either Bitcoin abbreviated as (BTC) or Ethereum (ETH) for trading purposes. I have reviewed the major cryptocurrency exchange Binance in this post to help you determine the best sites to buy cryptocurrency using a credit card or bank account. Take a read and get tips on the best cryptocurrency trading.
Step 1: How to create a Binance account:
1.1 Visit Binance’s Website (https://www.binance.com/en)
There have been several phishing cases reported over the past years that are imitations to the original site, it is essential to scrutinize the URL to the website keenly. First, be on the lookout for the ‘Secure’ certificate that should pop up in your address bar and that acts as a confirmation of the site’s genuineness. Second, to be extra safe while trading on the platform, ensure to bookmark the authentic site to evade any confusion in future searches.
1.2 Fill in your trading details
You have to fill in your details by going to the ‘’Register” tab found in the right-hand corner of the website’s page and fill in your trading details. For instance, you will need to fill in your mobile number or you choose to use your email address. For the email address, it is necessary to use your main email that you can access easily and the most secure one since you will need it to sign in to your Binance account always.
You also need to choose a strong password for your email; a strong password should comprise a mix of numbers, symbols, upper and lower-case letters. You will receive a 6-digit code via the email you provided as your account’s verification code and for completing the registration process.
1.3 Allow 2FA-Two-factor authentication (Optional)
To make your account more secure you need to allow use of a two-factor authentication after your first log in. Trust me; it is vital to set up the 2FA because it makes your account more secure from any hacking activity!
Every time you log in with the two-factor authentication, you will need to provide a unique code once your type in your email and password. To get your unique code, use the Google authenticator app downloaded into your smartphone.
Step 2: Buying your first Bitcoin (BTC)
To send money to your Crypto wallet account on Binance either directly via your bank account through SWIFT money transfer or you can opt to use your debit/credit card. For this part, I will guide you on how to use your credit card.
Binance previously didn’t allow the use of credit or debit cards on its platform, but the same has been introduced. Binance partnered with Simplex to allow its users to use their credit and debit cards to buy Bitcoin or Ethereum. This has led to faster Crypto transaction speeds, low transaction charges, and more transaction flexibility.
I highly recommend buying Bitcoin first and then trading it for the right amount of Polychain Monsters Land Genesis Token (PMLG).
It is easy to purchase Bitcoins via your credit card but I will elaborate on best ways you can do it step-by-step to make sure you understand all the trading nitty-gritty.
- Move your mouse’s cursor to ‘Buy Crypto’ tab found on the top bar and activate the dropdown menu. Then choose the currency, For instance, US Dollars, and click the ‘Credit/Debit Card’ to lead you to the next step.
- You be led to the next page; in this page you will see options to choose the desired Bitcoin (Select BTC), and the amount you need to spend to buy your choice Bitcoin amount. The total amount you need to spend will be displayed according to the Bitcoin amount you request and the matching market price at that time (inclusive of all fees). However, you can choose to first set the total charge then the system will automatically calculate the order amount for you.
- Fill in your credit card details and personal information too. Once done, you need to click “Pay now” and give it a moment to verify your details.
- You will be required to verify your email and phone number if it happens to be your first simplex payment via a code send through your email or an SMS. Complete the verification process by opening the link in your email and type in the code you receive via SMS. Once you do all the above, you can click “Continue”.
- Verification of identity follows next via the use of an official document. Basically upload your identification document photo accompanied by your personal details and click the “Upload Document” tab.
Lastly, your personal document will be approved once verified by the system and an email send to show the confirmation of order purchase. Subsequently, your Binance account is credited with the purchased BTC or Ethereum.
Step 3: Create a Metamask Account
Open https://metamask.io website or search for “Metamask extension” in your favorite browser (you can install Metamask for Chrome, Firefox and Opera browsers).
We will show you how to install MetaMask extension for Chrome.
Click Add to Chrome to install MetaMask as Google Chrome extension.
Click Add Extension.
You have successfully installed MetaMask extension. That was easy, isn’t it? Now, it is time to add your existing cryptocurrency wallet.
If you don’t have a wallet yet, you can create one straight away.
When the extension is installed, click on the icon in the upper right corner to open the MetaMask, read and accept the terms.
Create a strong password and click Create.
You will see a 12 words seed phrase. Save seed words as a file or copy them to a safe place and click “I’ve copied it somewhere safe”.
Congratulations! You have successfully created an account in MetaMask with a new wallet address!
Now you can view your address on Etherscan (Ethereum blockchain explorer), check the QR code, copy your wallet’s address to clipboard or export your wallet’s private key.
Step 4: Connecting MetaMask to Binance Smart Chain
We want to access the Settings to point the wallet towards Binance Smart Chain nodes.
On the Settings page, we want to locate the Networks menu.
We want to click Add Network in the top-right corner to manually add the Binance Smart Chain one – it doesn’t come packaged with MetaMask. It’s important to note that there are two networks we can use here: the testnet or the mainnet. Below are the parameters to fill in for each.
Mainnet (This is the one you are probably looking for)
Network Name: Smart Chain
New RPC URL: https://bsc-dataseed.binance.org/
Block Explorer URL: https://bscscan.com
Once you Save the Network and return to the main view, you’ll notice one things: the network has automatically been set to the one you just entered.
Step 5: Deposit BNB to your MetaMask wallet
Hover over the account name at the top of the window, which will display “Copy to clipboard”
Click on the account name to copy your address
Paste your address in the “recipient” field in the application where you are sending your BNB or tokens from.
Select the amount you want to send, along with any other necessary steps to complete and submit the transaction and make sure to select transfer network “Binance Smart Chain (BSC) BEP20(BSC)”.
Note: Please consult with the organization of the application you are using for information on how to transfer your BNB/tokens.
Step:6 How to Make Your First Trade on Pancakeswap
First head over to the Pancakeswap exchange platform.
On the top right, click the ‘Connect to a wallet’ button, and log in with the wallet you wish to trade with.
We’ll log in with a MetaMask wallet.
Once logged in, the trading interface will appear.
In the top field, select the token you wish to exchange for the token you want. We’ll select BNB. In the bottom field, search for the token you wish to purchase, or select it from the drop-down menu, in this case (PMLG).
Now you’re ready to set up your order. You can either choose how much you want to spend by entering a number in the top field, or choose how much to buy by entering a number in the bottom one.
At the bottom of the order menu, you’ll then see how much you can expect to receive.
If you’re happy with these figures, click the ‘Swap’ button.
Your wallet click will then prompt you to confirm the trade, and potentially adjust the fees to a number that works best for you.
When you’re ready, confirm the transaction and it will then be processed. Once it’s done, your tokens will appear in your ERC20 wallet.
Other Exchanges to Buy Cryptos
The following are other sites you can buy from these exchanges:
HotBit (Which permits US investors)
MXC (This exchange allows US investors)
On top of the above-listed exchanges, there are some more common crypto exchanges where daily trading volumes and a huge user base is available. This helps to ensure that you can sell your coins any time you want and the charges for the trading are not high. It is recommended that you should also register on these exchanges because whenever Polychain Monsters Land Genesis Token gets listed there it give the traders who have already registered a large amount of trading volumes, that means you will be provided with some great trading opportunities!
Final Step: How to Store Polychain Monsters Land Genesis Token securely in hardware wallets
1. Ledger Nano S
- Easy to set up and has a friendly trading interface.
- Allows use on desktops and laptops
- Lightweight and Portable too
- Has been designed to Support most blockchains and a wide range of (ERC-20) tokens
- Has many trading languages.
- Designed by a well-established company found in 2014 with great chip security
- It is not expensive but can be acquired at affordable price
2. Ledger Nano X
- It made with a more advanced and secure element chip (ST33) than Ledger Nano S
- Has an easy design that allows the use on desktop or laptop, or even smartphone and tablet through Bluetooth connection.
- Also Lightweight and Portable and has a built-in rechargeable battery
- Has a Larger screen
- Comes with more storage space compared toLedger Nano S
- It supports most blockchains and wide range of (ERC-20) tokens
- Provides several languages for every customer
- It was designed by a famous company found in 2014 with great chip security
- Can be obtained at an affordable price
If you still have plans to stay at hodl” as some people call it, basically misspelt “hold” (which become famous as time passes) your Polychain Monsters Land Genesis Token for some long time, you need to find ways to ensure it stays safe safe,
However Binance is the most safe cryptocurrency exchange, in the past few years there have been hacking incidents and funds were lost. Because of the design of the wallets in exchanges, they will be accessible always via the internet (“Hot Wallets” as they are called), therefore exposing certain aspects of weaknesses.
Thus safeguard your cryptos by putting them in “Cold Wallets”, where the wallet will only have access to the blockchain(or simply “go online”) when you send out funds,. This reduces the chances of being hacked. For example, use a paper wallet which is a type of free cold wallet. It can also be defined as an offline-produced pair of public and private address and that you write on a paper for keeping safely with you. But, it is not permanent and may be faced by certain risk.
Thus, Hardware wallet is therefore the best compared to cold wallets. Since they are usually USB-enabled devices that can hold the key information of your wallet in the safest manner. Also they are designed using military-level security and their firmware’s are continuously upgraded by their manufacturers and this makes them extra safe to use. For example, Ledger Nano S and Ledger Nano X and are most common hardware wallets, you can buy one at $50 to $100 depending on the specifications they have. I highly recommend these for holding your assets because these wallets are a worthy every penny according to my experience and opinion.
Frequently Asked Questions
Is it possible to buy Polychain Monsters Land Genesis Token with cash?
The answer is No. Because there is no way you can directly buy Polychain Monsters Land Genesis Token with cash. But, using marketplaces such as LocalBitcoins to first buy Bitcoin, and completethe rest of the steps by transferring your bitcoin to respective AltCoin exchanges.
How do I Buy Bitcoin from local sellers?
You can go to LocalBitcoins that is a peer-to-peer Bitcoin exchange. It is more of a marketplace where users can buy and sell Bitcoins to and from each other. Users, known as traders, make advertisements to show their price and the payment method they want used. Then buyers buy from the traders to buy from sellers in a particular nearby region on the platform. LocalBitcoins is after all a good place to go to buy Bitcoins when it is impossible for you to find your favorite payment methods somewhere else. The site’s prices are high and you have you have to be extra careful to avoid conmen.
What are the quickest ways I can buy Polychain Monsters Land Genesis Token while living in Europe?
While in Europe you have the advantage of buying cryptos in an easy and quick way. Because Europe has even online banks which help buyers to simply open an account and transfer money to exchanges such as Coinbase and Coinmama. Such banks which are common as online banks in Europe are Bunq, N26 and Revolut.
Can I use alternative platforms to purchase Polychain Monsters Land Genesis Token or Bitcoin with credit cards?
Yes you can, you just need to visit Changelly which an easy to trade in site especially when it comes to buying Bitcoin with credit cards. It provides an automatic cryptocurrency exchange that gives a buyer the opportunity to exchange crypto fast and buy them using credit card. It has been designed to allow users to have easy crypto buying since it has a simple user interface and provides instructions that are easy to follow too.
About Polychain Monsters Land Genesis Token (PMLG)
What Are Polychain Monsters Land Genesis (PMLG) Tokens?
Polychain Monsters Land Genesis (PMLG) Tokens are part of the play-to-earn and collect-to-earn feature of the blockchain game, Polychain Islands.
Polychain Islands is part of Polychain Monsters’ ecosystem. Find more info on Polychain Monsters below.
In Polychain Islands you can collect digital monsters (Polychain Monsters) and produce resources to participate in the gamified economy of Polychain Islands.
Land is one of the most valuable assets in Polychain Islands — and the Polychain Monsters ecosystem. The PMLG Token entitles holders to mint land in the upcoming Polychain Islands game.
Each land is backed by an NFT. This makes them tradable, sellable and otherwise freely accessible, similar to the rest of the elements in the current Polychain Monsters universe.
Large collections of islands are grouped together into archipelagos. Each archipelago is differentiated
from one another by their unique biomes, e.g.
the White Beach Archipelago
the Green Grasslands Archipelago
the Yellow Mountain Archipelago
The entirety of an archipelago consists of a number of three different island types. These are:
Several large, Central Islands
1,000 player-owned Genesis Personal Islands
3,000 player-owned Personal Islands
Genesis Islands are available on Ethereum.
At the center of each archipelago there are large central islands where a lot of the bigger, multiplayer-focused attractions are based — such as the Polymon Wild Zone or the Polymon Arena. These central locations are designed for players to invite each other to in order to create memorable multiplayer experiences together.
Scattered around these central islands are outcrops of many smaller islands. These smaller islands are player-owned and single-player-centric in gameplay. Their most important feature focuses on the ability to farm important resources, which are integral to many of the other parts of the Polychain Islands gaming experience.
The first land drop revolves around the Grassland Archipelago via PMLG Tokens, which can be found on the Ethereum blockchain. Every plot is backed by an NFT, providing secure ownership.This makes land plots tradable, sellable and otherwise freely accessible, similar to the rest of the elements in the current Polychain Monsters universe.
What is the difference between $PML and $PMLG Tokens?
Of the two types of islands available for player ownership, there is an important distinction to be made between Genesis and Personal Islands. While Genesis Islands have similar features to those of Personal Islands, they also natively generate our new $PML token. $PML tokens are the only way to mint Personal Islands and are hard-capped at the amount necessary to generate 3,000 islands in an archipelago.
Community members will be able to mint their own Genesis Islands through a new token called $PMLG (Polychain Monsters Land Genesis). Exchanging 1,000,000 $PMLG will enable their owner to mint a Genesis Island through our new website portal.
How can you acquire Polychain Monsters Land Genesis (PMLG) Tokens?
As there are a variety of ways to interact with the Polychain Monsters ecosystem, we wish to reward each type of collecting method with their own chance to collect $PMLG. That being said, we have plans to incorporate three ways to earn $PMLG tokens:
Part of the total $PMLG supply can be claimed weekly by our collector stakers in accordance with their Collector Scores.
Part of the total $PMLG supply can be obtained by staking $PMON on Ethereum, BSC and Polygon.
Part of the total $PMLG supply will be available in our Polymon Booster Packs (in the form of “Land Tickets” which can be exchanged for $PMLG on the Polychain Monsters website).
Aside from their resource-generating utility, owning a Genesis Island enables you to harvest $PML (Polychain Monsters Land) tokens at a set rate. Collecting enough $PML enables you to mint a Personal Island, which acts as a buildable NFT containing important Polychain Island resources.
As the total number of Genesis Islands is restricted by a hard-cap of 1,000 instances per archipelago, $PMLG, $PML and Personal Islands also exist in finite quantities. There can only ever be 3,000 Personal Islands per archipelago, and both $PMLG and $PML are limited in issuance to ensure that these quantities are kept as intended.
How Many Polychain Monsters Land Genesis (PMLG) Token Are There in Circulation?
The total token supply is capped at 1,000,000.00 PMLG.
What are Land Tickets?
Currently, you may discover Land Tickets for the Grassland archipelago in Polymon Booster Packs on Ethereum.
A Land Ticket, which you may discover in Booster Packs, can be swapped for the equivalent amount of $PMLG required to mint one Genesis Island on the Genesis Island minting portal — so, in essence, one Land Sale ticket is equal to one Genesis Island. Land Tickets are transferable, so they may be traded and sold amongst eager buyers and sellers on third-party marketplaces. A detailed guideline on how to swap Land Tickets to $PMLG will be published soon.
For this Land Drop, there are a total of 250 Land Tickets to be found throughout our Polymon Booster Packs. 50 of these 200 tickets will be dispersed in four separate release rounds, each with varying odds of discovery.
These release rounds, and their respective odds of discovering a Land Ticket in any given Booster Pack, are as follows:
Round 1 — Odds of finding 1 of 50 Land Tickets = 1:400 booster packs
Round 2 — Odds of finding 1 of 50 Land Tickets = 1:650 booster packs
Round 3 — Odds of finding 1 of 50 Land Tickets = 1:1000 booster packs
Round 4 — Odds of finding 1 of 50 Land Tickets = 1:3000 booster packs
What Is Polychain Monsters (PMON)?
Polychain Monsters is essentially a trading game created using blockchain technology and borrowing the mechanics of the popular in the 90s Pokémon cards trading. The right mix of nostalgia and technology, it was launched right into the NFT craze of Q1 2021. Each Polychain Monsters digital monster is a collectible artifact with unique properties and rarity. PMON is a native ETH-20 token of the Polychain Monsters platform, necessary if one wants to purchase new Polychain Monsters or to unlock new features.
To learn more about this project, check out our deep dive of Polychain Monsters.
Polychain Monsters was founded in early March 2021 and it soon secured a $740,000 funding round from six strategic investors, led by Moonrock Capital and Morningstar Ventures. An IDO (initial dex offering) event at Polkastarted on Mar. 31, 2021 has helped the founders raise approximately $100,000. Two weeks after launch, it has successfully placed itself among the [top ten] (https://etherscan.io/topstat#Token) most used ETH tokens, burning millions only on gas fees.
Who Are the Founders of Polychain Monsters?
Polychain Monsters was founded by three software professionals from Bremen, Germany: Leif Eric Leiser, Lennart Brandt and Finn Hansen.
Leif Eric Leiser is the team’s CEO and software engineer. In parallel with Polychain Monsters as of April 2021, he worked as software engineer at a DeFi platform Tixl.Finance and is running eco-shop chain Beleaf as co-founder and software engineer. Before that, he has had numerous short contract jobs and internships in software engineering and product development, including such companies as Philips, Lufthansa and Elbstack. He holds a master’s degree in industrial engineering from Hamburg University of Technology, which he finished in 2018.
Lennart Brandt is Polychain Monsters chief marketing officer (CMO), chief product officer (CPO) and software developer. He is also known as the founder of JoinWeBurn.com, a popular fitness app. Like Leiser, he worked on Tixl.Finance in the position of a UX designer and up to founding Polychain Monsters has also worked at Elbstack, a German software company, as a serial entrepreneur for various projects, playing roles of product designer and react native developer as well. He has a bachelor’s in business informatics (BI) from IBS IT & Business School Oldenburg.
Finn Hansen is the third partner, who serves Polychain Monsters as a full-stack software engineer. Along with the other two co-founders, he worked at DeFi platform Tixl.Finance, where he holds the position of software engineer.d
Learn more about Polychain Islands (https://polychainmonsters.com/polychain-islands/)
Welcome to Polymon World — the 3D Multiplayer Play-to-Earn RPG (https://blog.polychainmonsters.com/welcome-to-polymon-world-the-3d-multiplayer-play-to-earn-rpg-753aaf4a941d)
More on $PMLG and the Land Drop (https://blog.polychainmonsters.com/introducing-the-polychain-islands-land-drop-f020dd1d1bda)
Announcing the $PMON — $PMLG Farm (https://blog.polychainmonsters.com/announcing-the-pmon-pmlg-farm-e7bcf774dcea)
Announcing Collect to Earn $PMLG Rewards (https://blog.polychainmonsters.com/announcing-collect-to-earn-pmlg-rewards-6665616c34a9)
What’s the deal with NFTs? Check out our extensive guide here
Take a deep dive into Polkadot multichain architecture
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How Is the Polkamon Network Secured?
PMON tokens are standard ERC-20 tokens, while the Polkamons can be minted as ERC-721, a non-fungible token, meaning that it runs on and is secured by the Ethereum blockchain. Ethereum, in turn, is secured by its Ethash proof-of-work function.
ERC-20 merely defines a set of rules for tokens, as well as security considerations mainly related to the strength of the Ethereum network. For example, congestion can hike the price of gas needed to perform transactions, leading to delays and abnormally high transaction fees, which impact all participants. This has already happened in the early days of Ethereum when in 2017 the first popular game based on smart contracts called CryptoKitties has completely clogged the network.