If you have any interest to buy SENATE DAO (SENATE), 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)
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 SENATE DAO (SENATE).
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.
Step 3: Transferring Your Cryptos to an Altcoin Exchange Gateio
Now let me show you how to purchase SENATE DAO (SENATE) using your investment from Binance.
But, not every crypto be traded in Binance we need to transfer our coins to an exchange that SENATE DAO (SENATE) can be traded.
So, let me guide you to gate.io which is a famous exchange to trade altcoins. Use the link below to register your new account.
If you have completed similar processes as we’ve done before with Binance we are ready to transfer our Bitcoins.
Step 4: Depositng BTC to Exchange
After you have created your trading account setup at one of the exchanges that trades SENATE DAO (SENATE), you will need to transfer your BTC from Binance to that specific exchange.
You have to do this using a wallet system. Then, deposit BTC to gateio Click “Deposit” from the top right menu. You need to look for the search box, type “BTC” and click deposit button and copy the given “Deposit Address”.
The process may be difficult but don’t worry, it is easier than a bank transfer. Once you copy your unique BTC wallet address go back to Binance.
Then, move your cursor to “Wallet” on the right hand side of the topbar and once the popup shows up, click on “Fiat and Spot (Deposit & Withdrawal)”.
Look for BTC in the list and click on “Withdraw” on the right hand side. Then, paste the deposit address you just copied from the other exchange and select BTC as the transfer network.
Next, type the amount that you want to withdraw (you may click the Max button if you want to withdraw all). Then, you click on the Submit button to begin with the withdrawal process.
To continue with the withdrawal, Binance may ask you for your 2FA code and also you will have to confirm the withdrawal with an e-mail.
That is all you need to do, now you should wait for a few seconds so that the blockchain to confirm your transaction.
Step 5: Trading SENATE DAO (SENATE)
Now, you need to go back to Bitmax to buy SENATE DAO (SENATE) with the Bitcoins you sent.
Then move your mouse over to trading and then click standard under cash trading. Next, in the left column make sure to select “BTC” pair and in the search bar type in “SENATE”.
After you have moved your coin click on it and now you will see a price table of SENATE/BTC in the middle of the page. Select the “Market” tab as that is the easiest way of buying orders.
Or you can either choose to type in your amount or choose what portion of your BTC deposit you would like to spend on buying, by clicking on the percentage buttons.
Once you have confirmed everything, click “Buy SENATE”. Now you own your SENATE!
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 SENATE DAO 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 SENATE DAO 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
- 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 SENATE DAO 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 SENATE DAO with cash?
The answer is No. Because there is no way you can directly buy SENATE DAO 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?
What are the quickest ways I can buy SENATE DAO while living in Europe?
Can I use alternative platforms to purchase SENATE DAO or Bitcoin with credit cards?
What is SIDUS HEROES?
SIDUS HEROES is considered to be the gaming industry’s first NFT-based, AAA-level, Play-to-Earn, MMORPG game. Events inside the game take place in a futuristic world based on crypto and blockchain philosophy, where all living beings have merged with technology to create superior races.
The hottest 12 blockchains are represented as planets within the SIDUS HEROES game — Bitcoione, Etheredus, Polkacyon, etc. and they all have their own race of beings. Every race has its own distinctive features as well as an army and a political system, making the gaming process an enjoyable adventure with a wide variety of unique gameplay scenarios.
SIDUS HEROES relies on the SIDUS (gaming) token and the SENATE (governance) token.
What SIDUS HEROES players can do:
- Start playing on any device without downloading a new application – an internet browser is enough. This is possible thanks to the unique WebGL technology that the SIDUS team has been working on for 3 years. This technology is compatible with Unreal Engine 5 and supports high-quality 3D art and a high-efficiency engine.
- Become farmers and grinders that collect resources from mines, fields or while traveling through space and sell them in the marketplace for coins.
- Buy craft equipment (e.g. spaceships) and the components for them (e.g. ammunition, weapons and medicine) and sell manufactured products to fighters.
- Fight with other players in the Battle Arena, participate in tournaments and build fighting legions to try and rise to the top as one.
- Try their hand at being a scientist that explores new technologies and discovers new resources to figure out how to modernize life in the universe.
What is SENATE?
The SENATE token is used by the in-game mechanics as a governance coin as well as in-game currency for certain products within the game.
The voting system implemented uses third-party solutions and/or specially designed contracts.
Users who hold SENATE tokens will be able to:
- Create factions and manage them by holding votes.
- Take part in project level voting to steer the game development process, the purchase of game items, etc.
- Purchase space ships, modules for space stations and land plots (which is not possible with the SIDUS token).
How many SENATE tokens are there in circulation?
The SENATE circulating supply is 300,000,000 tokens.
Who are the founders of SIDUS HEROES?
SIDUS NFT HEROES is being developed by a large number of experts from different spheres — blockchain, DeFi, game development and NFT art. Bringing their experience and creative ideas together, the team has combined efforts to launch this revolutionary WebGL, AAA-level, Play-to-Earn, NFT and RPG game, stunning the world with their marvelous brainchild.
At this point, the SIDUS HEROES team has successfully launched a demo version.
The closed SIDUS HEROES beta version is scheduled for launch on January 10th 2022.
The launch of the public beta version of SIDUS HEROES is planned to take place on January 23rd 2022.