how to buy poo coin

How Crypto Currencies Works? Digital Money Guide

how to buy poo coin

Poo Coin is a token in the Binance Smart Chain. The Poo Coin app provides charting and portfolio management for the Binance Smart Chain, aiming to improve the existing DEX in a number of ways. Its main aim is to compete with Uniswap, which is used to trade coins on Ethereum, and PancakeSwap, which is used to trade coins on BSC. PooCoin said that both decentralized exchanges have local analysis interfaces, but their functionality is limited.

In addition, in their view, the interface of PancakeSwap is clearly lagging behind real-time transactions. According to PooCoin, they also do a poor job of showing price changes or in-person transactions, which is what Etherscan and BSCScan can do, but at the cost of availability.

They claim that while the Ethereum blockchain had Dextools as a solution, BSC lacked such a solution before the advent of PooCoin. PooCoin provides chart tracking, transaction tracking, wallet tracking, and revenue farm tracking to BSC, facilitating the trading of low-value coins in the Binance ecosystem.

Step 1 | Register on Fiat-to-Crypto Exchange

You must first buy a major cryptocurrency, in this case, you first buy Bitcoin (BTC). In this article, we will give you detail of two of the most popular cryptocurrency exchanges and Coinbase. Both exchanges have their own fee structure, policies, and other functions, which we will introduce in detail. It is recommended to try both methods at the same time, then find the one that works best for you.

Step 2 | Buy BTC with fiat money

After completing the Know Your Customer (KYC) process. You will be asked to add a payment method that appears on the screen of your device. Here, you can choose to provide a credit card or a debit card or use a bank transfer. You will be charged a higher fee when you use the card, but you will also buy on the spot. Although bank transfers are cheaper but slower, depending on the country or region you live in, some countries/regions offer low-fee instant cash deposits.

Now you’re ready, click the Transaction button in the upper left corner, select Bitcoin, and confirm your transaction. Congratulations! You just bought your first cryptocurrency.

Step 3 | Transfer BTC to an Altcoin Exchange

We need to convert BTC to Poo Coin. Since Poo Coin is currently listed on PancakeSwap, we give you a complete guide on how to convert your BTC on the given platform. Unlike other centralized exchanges, the conversion steps on PancakeSwap will be slightly different because it is a decentralized exchange (DEX) and does not require you to register an account or perform any Know Your Customer (KYC) process.

However, trading on the decentralized exchange requires you to manage your own data The key that owns your altcoin wallet, it is recommended that you take extra care of the private key of your wallet because if you lose the key, it means that you will never be able to access your tokens and no Customer support to help you recover the return of assets.

Although if it is managed properly, it is much safer to store your assets in your own wallet rather than an exchange wallet. If you still feel uncomfortable using DEX, please check if Poo Coin is available for any other traditional central exchanges in the tab above.

Last Step | Store Poo Coin securely in hardware wallets

If you intend to keep your POOCOIN for an extended period of time (as some people call it “Hold”, which is basically the misspelled “Hold” phrase that becomes common over time) you may want to explore a way to keep it secure, Although Binance is one of the safest cryptocurrency exchanges, a hack occurred and funds were lost.

Due to the nature of exchange wallets, they will always be online (we call them “hot wallets”), thus exposing some vulnerabilities. Until now, the safest way to store coins was to put them in a kind of “cold wallet”. When you send money, only the wallet can access the blockchain (or simply “the Internet”), thus reducing hacking incidents.

Paper Wallet is a free cold wallet, which is a pair of public and private addresses that are generated offline. You’ll write it down somewhere and make sure it’s safe. However, it is not permanent and subject to various risks.

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