If you have any interest to buy TaleCraft (CRAFT), 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 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)
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 TaleCraft (CRAFT).
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 Huobi
Now let me show you how to TaleCraft (CRAFT) using your investment from Binance.
But not every crypto can be traded in Binance we need to transfer our coins to an exchange that TaleCraft (CRAFT) can be traded.
I will show you how to use Huobi which is a famous exchange to trade altcoins. We will use the link below to register your new account.
Once you have completed similar processes as you have done before with Binance you are ready to transfer our Bitcoins.
Step 4: Depositing BTC to Exchange
After you have created your trading account setup at one of the exchanges that trades TaleCraft (CRAFT), you will need to transfer your BTC from Binance to that specific exchange.
Usually done through a wallet system. to huobi deposit move your mouse over to “Balances” on the top right and click “Exchange Account”. Look for “BTC” from Token section and copy the given “Deposit Address”
To do this part may be a little difficult but don’t worry, it is easier than a bank transfer. Then copy your unique BTC wallet address and 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.
You have to paste the deposit address you just copied from the other exchange and select BTC as the transfer network. Type down the amount that you want to withdraw (you may click the Max button if you want to withdraw all).
Next, click on the Submit button to begin with the withdrawal process. To proceed 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’s all, now you should wait for a while so that the blockchain to confirm your transaction.
Step 5: Trade TaleCraft (CRAFT)
Now you have to go back to Huobi to buy TaleCraft (CRAFT) with the Bitcoins you sent.
Move your mouse over “Spot Trading” and click “Exchange” then you will see trading menu. Look for huobi trade in the left column make sure to select “BTC” pair and in the search bar type in “CRAFT”.
After you move your coin click on it and now you will see a price chart of CRAFT/BTC in the middle of the page. Select the “Market” tab as that is the Easiest way of buying orders.
Also, you can either 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 CRAFT”. Now you own your CRAFT!
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 TaleCraft 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 TaleCraft 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 TaleCraft 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 $100 depending on the specifications they have. I highly recommend these for holding your assets because these wallets are a worthy every penny according to my experience and opinion.
Frequently Asked Questions
Is it possible to buy TaleCraft with cash?
The answer is No. Because there is no way you can directly buy TaleCraft with cash. But, using marketplaces such as LocalBitcoins to first buy Bitcoin, and completethe rest of the steps by transferring your bitcoin to respective AltCoin exchanges.
How do I Buy Bitcoin from local sellers?
What are the quickest ways I can buy TaleCraft while living in Europe?
Can I use alternative platforms to purchase TaleCraft or Bitcoin with credit cards?
TaleCraft is a Gaming NFT project on Avalanche. It is a card game that you can mint NFT by making various crafts with 4 main cards of element and sell these cards on the marketplace. In the TaleCraft, the 4 main elements are given in Alchemist Chests that will be sold weekly. So the cards are limited. It has a deflationary structure in itself. The cards used in each crafting are burnt
TaleCraft is a Gaming NFT Metaverse project on the Avalanche.
TaleCraft’s official token is the Philosopher’s Stone ($CRAFT)
Competitive Marketing System
Weekly Burn&Reward System
Calculator and Guideline
Artist Package Platform
The types of alchemist cards are initially 160 types.
These 160 cards have 5 different tiers. These tiers are respectively stone tier, iron tier, silver tier, gold tier, philosopher’s stone tier.
The levels of the cards are determined by the difficulty and rarity of the card’s production.
Only 4 out of 160 cards, the 4 main elements, will be available on a weekly basis. All remaining cards can be crafted by users.
Alchemist’s chest is a system where 4 main elements are sold per week. You only need 4 main elements to mint cards in TaleCraft. These are Air-Water-Earth-Fire. These 4 elements are supplied by weekly sales.
Alchemist Chest is a kind of chest opening system. 10,000 units are put on sale every week. The Maximum purchase right is 200 chests. The Alchemist’s Chest is purchased with
10 $CRAFT + 0,1 AVAX fee. It has FCFS (First Come-First Serve) system. Only 4 main elements come out of this chest and it has a randomized structure. Of the 10,000 chests, 2500 are water, 2500 are fire, 2500 are earth, and 2500 are air.
The Crafting System in TaleCraft has a burn mechanism.
The two main cards to be crafted are placed on the crafting table.
The crafting process takes place in exchange for the cards placed on the craft table and some craft fees.
The craft fee is minimum of 1 $CRAFT for each craft.
A new card is minted as a result of Craft. Two cards used for craft are sent to burn address.
Each craft has different durations and fees depending on the tier of the card.
Users can do multiple crafts at the same time.