If you have any interest to buy Redpanda Earth (REDPANDA), 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 Redpanda Earth (REDPANDA).
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: Moving Your Cryptos to an Altcoin Exchange Bilaxy
Let me now show you how to buy Redpanda Earth (REDPANDA) by using your investment from Binance.
Though Binance doesn’t allow the trading of every cryptp on its website, you will have to move your coins to an exchange that Redpanda Earth (REDPANDA) can be traded. So I will help you to Bilaxy a well-known exchange to trade altcoins by using the link below to register your new account.
If you complete similar processes as you did before with Binance you are now ready to transfery our Bitcoins.
Step 4: Depositing BTC to Exchange
After you have created your trading account at one of the exchanges that accepts Redpanda Earth (REDPANDA), you will need to transfer your BTC from Binance to that new exchange you have created your account at. This is done through a wallet system.
Move your cursor on to “Funds” found on the top right menu and click “Balances” found on the dropdown menu.
In that dropdown menu, you will see BTC top on the currency list. Then Click the deposit button and copy the given “Deposit Address”
This part may be a little bit difficult to do but don’t worry, it is much easier depositing via bank transfer.
You will then have to copy your unique BTC wallet address and go back to Binance.
Next you need to move your cursor to “Wallet” on the right hand side of the top bar and a popup window will show up, you will need to click on “Fiat and Spot (Deposit & Withdrawal)”.
Then, you need to search for BTC in the list and click on “Withdraw” found on the right hand side.
Now you need to paste the deposit address you just copied from the other exchange and select BTC as the transfer network. You will be required to write down the amount that you want to withdraw; if you need to withdraw all the amount, you will have to click the Max button.
Next, you need to click on the Submit button to start the withdrawal process. To continue with the withdrawal, Binance may need you to provide the 2FA code and also confirm the withdrawal using your e-mail.
As simple as that, now wait for a few seconds so that the blockchain confirms your transaction.
Step 5: Trading Redpanda Earth (REDPANDA)
Next go back to Bilaxy to Redpanda Earth (REDPANDA) using the Bitcoins you sent to the site. Move your mouse cursor over to trading and then click the part written “standard’’ under cash trading.
On your left side there is a column make sure to choose “BTC” pair and in the search bar type in “REDPANDA”.
After you have moved your coin click on it and next you will see a price chart of REDPANDA/BTC that appears in the middle of the page. Choose the “Market” tab as that is the easiest way of buying orders. You can either choose to type in your amount or decide to choose what portion of your BTC deposit you would like to use on buying, by clicking on the percentage buttons.
When you have finished doing all the above and confirmed everything, click “Buy REDPANDA”. Now you have your REDPANDA!
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 Redpanda Earth 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 Redpanda Earth 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 Redpanda Earth 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 Redpanda Earth with cash?
The answer is No. Because there is no way you can directly buy Redpanda Earth 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 Redpanda Earth 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 Redpanda Earth 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 Redpanda Earth (REDPANDA)
RedPanda Earth (REDPANDA) is charity project and also a deflationary token created to give back in multiple ways. The proactive REDPANDA team fosters an environment that encourages a realistic and perceived increase of value to the token holder through marketing efforts and accomplishments such as partnerships and project expansion whether planned or currently being implemented. Another way we give back, and the key function of this token, is to act as a vehicle for contributing monetary donations to help threatened animals and imperiled natural ecosystems around the world. We like to look at ourselves as heroes for a very specific and important cause: saving helpless animals and their habitats.
So where does the funding come from to enable us to do all of these amazing and important things? It comes from people purchasing our token through online cryptocurrency exchanges. Here is a simplified version of how our treasury is funded through tokenomics: firstly, when a purchase or sale our REDPANDA token is transacted on the Ethereum network, a 4% fee is incurred of the total amount being exchanged. This fee is special because it has a multitude of benefits. Of the 4% fee, 2% is burned forever; sounds scary, but it is a beneficial function because it increases the inherent value of each token in circulation through scarcity. The other 2% is redistributed to holders of the token; the amount given to each holder is based on the percentage of their token holdings out of the entire circulating supply. We give to many organizations across the world thanks in large part to our unchangeable tokenomics. Undoubtedly, the most important windfall our fee redistribution is that this mechanism also enhances our multi-sig charity wallet; requiring more than one signatory in order to access the funds. The charity wallet generally holds roughly 2.5% of the entire circulating supply. From this wallet, we seek out worthy causes and donate generously from it. This wallet also benefits from the increase in token price, making it war chest used to fight the problems of animal endangerment and deforestation.
REDPANDA prides itself in the fact that we love to give. We feel it is our moral obligation and duty to help those in need—for us, this idea most assuredly carries over into the animal and plant biosphere. We are all stewards of this planet. There is only one human race and one earth. We allow our mindless tendencies to get the best of us at times and neglect the fallout of our actions. This has to be mitigated through education, action, guardianship; and primarily understanding how we affect the smallest living organisms through our actions. Call it the butterfly effect if you will. One small action can snowball into an unforeseen catastrophic consequence. The effects of our thoughtless, unrestrained actions and headlong ignorance reveal themselves every day across the world. Dirty rivers filled with dead fish and factory effluent; bare patches where forests once thrived and hosted an array of vibrant animal life, now void; and plastic debris islands larger than countries floating atop the Pacific Ocean, killing countless creatures as great as whales. We are here to help bandage up the damage that has already been done; and facilitate some aspect of healing, possibly even steer away any further harm to earth’s natural habitats and ecosystems—all from a charitable driver’s seat.