WAX (WAXP) is a blockchain and its native token designed to simplify, speed up and secure e-commerce. It uses its own modification of PoS, namely Delegated Proof of Stake (DPoS).
What is WAX?
WAX provides users with a complete set of tools to create and deploy marketplaces, decentralized applications, and issue their own non-fungible tokens. This set includes a developer portal, RNG service, SSO and OAUTH, and a WAX cloud wallet.
The WAXP Token is used within the WAX Ecosystem for rewards, voting, and staking. Due to the system of rewards and staking in the system, transactions without commissions are possible.
WAXP ranks 136th in the ranking of the most capitalized cryptocurrencies. The token is currently trading at around $0.08. Although it is not yet very popular among investors, you can buy WAXP without any problems on almost all top cryptocurrency exchanges.
Binance, as expected, ranks first on the list of exchanges where WAXP is traded. The largest number of trading pairs with WAXP are available here. The attractiveness of Binance is not limited to high liquidity, the largest crypto exchange charges low commissions for transactions in the system.
Relatively high liquidity (compared to other exchanges) means that here you have the most opportunities to quickly buy and sell coins. In addition to trading digital assets, other ways to earn money are also available here. The platform supports over 400 digital and about 60 fiat currencies. However, in order to buy WAXP, you must first convert your money into USDT or BUSD.
The Binance ecosystem is based on its own blockchain, has its own stablecoin and its own native token. For all the strengths of Binance, it is worth remembering that since 2019 it is not available to US citizens.
Initially, only trading pairs of the Crypto / Crypto type were available on KuCoin, later pairs with fiat currencies were added. Now the platform supports more than 300 digital and about 40 fiat currencies. Among the KuCoin services is the possibility of buying cryptocurrencies with a bank card. Direct purchase of WAXP for fiat is not supported, you will need a preliminary currency conversion to Ethereum, Bitcoin.
The exchange is often the first to list new cryptocurrencies. The system has its own token, which makes it possible to earn additional income.
Gate.io has been operating since 2013. This is a fairly reputable trading platform, but it is inferior in popularity to its younger and more ambitious competitors. The platform provides users with a fairly simple interface that is suitable for both beginners and experienced traders. It supports a large number of altcoins and is often the first to add new assets. Gate.io is not available in the US and Canada.
The exchange was founded in 2013 and until today it remains one of the largest trading platforms. For a while, Huobi Global was the industry leader, with the platform accounting for half of all transactions.
The platform supports spot and margin trading, futures and options. Buying cryptocurrencies for fiat is available, but WAXP is not included in this list. In order to purchase WAXP, an interim currency conversion to USDT will be required.
The LetsExchange instant cryptocurrency exchange service offers the easiest and fastest way to buy the assets you need, including WAXP. You do not have to spend time searching for a site where altcoin is traded, register an account and fulfill other requirements.
Transactions are executed automatically after you complete the exchange widget. In it you need to specify the amount of coins that you want to exchange for WAXP, the direction of the exchange and the wallet address.
The search for available transactions and the most profitable current rate is performed by the Smart Rate program. In addition to the exchange of cryptocurrencies on the platform, it is possible to buy and sell cryptocurrencies for fiat currencies, as well as the exchange of GBP to PLN and other currencies. The number of available exchange directions is constantly increasing.