If you have any interest to buy Whole Earth Coin (WEC), 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
1.3 Allow 2FA-Two-factor authentication (Optional)
Step 2: Buying your first Bitcoin (BTC)
I highly recommend buying Bitcoin first and then trading it for the right amount of Whole Earth Coin (WEC).
Step 3: Transferring Your Cryptos to an Altcoin Exchange Probit
Now let us buy Whole Earth Coin (WEC) using your investment from Binance.
But keep in mind that not every crypto can be traded in Binance we need to transfer our coins to an exchange that Whole Earth Coin (WEC) can be traded. Therefore, I will guide you to Probit which is a famous exchange to trade altcoins. Use the link below to register your new account.
If you complete similar processes as we’ve done before with Binance you are ready to transfer our Bitcoins.
Step 4: Depositing BTC to Exchange
After creating your trading account setup at one of the exchanges that trades Whole Earth Coin (WEC), you will need to transfer your BTC from Binance to that specific exchange. Which is always done through a wallet system. To .probit deposit, just move your mouse over to wallet on the top right and click “Deposit”. Look for “BTC” from Token section and copy the given “Deposit Address”
This process may be a little bit difficult but don’t worry, it is simpler than a bank transfer. Once you copy your unique BTC wallet address go back to Binance.
Next, just 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 also need to paste the deposit address you just copied from the other exchange and select BTC as the transfer network. Type the amount that you want to withdraw (you may click the Max button if you want to withdraw all).
Then, you need to 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’s all you need to do, and wait as the blockchain confirms your transaction in a shortwhile.
Step 5: Trading Whole Earth Coin (WEC)
Now you need to go back to Probit to buy Whole Earth Coin (WEC) with the Bitcoins you sent.
You will have to click “Exchange” and search for the trading menu. probit trade In the left column and choose “BTC” pair and in the search bar type in “WEC”.
After you have moved your coin click on it and now you will see a price chart of WEC/BTC in the middle of the page. Then select the “Market” tab as it the simplest way of purchasing orders.
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.
When you have confirmed everything, click “Buy WEC”. Now you own your WEC!
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 Whole Earth Coin 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 Whole Earth Coin 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 Whole Earth Coin for some long time, you need to find ways to ensure it stays safe safe,
Frequently Asked Questions
Is it possible to buy Whole Earth Coin with cash?
The answer is No. Because there is no way you can directly buy Whole Earth Coin 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 Whole Earth Coin while living in Europe?
Can I use alternative platforms to purchase Whole Earth Coin or Bitcoin with credit cards?
The Whole Earth Foundation
The Whole Earth Foundation is an NPO established to democratize the management of our infrastructure and environment. Our goal is to provide the world’s first trusted infrastructure data ecosystem to revolutionize how infrastructure is managed.
We, the people, unified as a collective whole, have the capacity to overthrow any governing authority. It is our right and responsibility to have a voice in maintaining the integrity of our infrastructure and environment that monopolies have traditionally governed. The power of the individual to make decisions based on information is the principal outcome of the digital age. Therefore, tools that promote access to information and data-driven learning are sought and promoted by the WHOLE EARTH FOUNDATION.
What makes WEC unique?
Whole Earth Coin (WEC) is an ERC20 Token running on the Ethereum chain used to power the Whole Earth Access Platform, a one-of-a-kind data exchange ecosystem that provides tools and resources to put general citizens in control of their infrastructure. Using applications running on smartphones, we can crowdsource detailed data on infrastructure traced by geolocation. This data can then be used to develop intelligent AI to make predictions that provide novel insights that allow for more efficient infrastructure management.
We believe that deeds that contribute to the greater community should be recognized and rewarded. Ultimately, our goal is to create an ecosystem of users who actively oversee and manage their local infrastructure, provide them with access to information, and work closely with organizations that have traditionally governed infrastructure assets in their communities.
The WEC launched on 1/5/2021 with an original supply of 1 billion. Before its official listing on ProBit and CoinsBit exchanges, a one-time token burn on 70% of the total token supply was performed on 5/20/2021, setting the new total volume to 300 million. The token allocation is set at 40% reserved for public sales, 40% for ecosystem operations, and 20% for the team (with a 1 year locking period).
How many WEC coins are there in circulation?