How to buy coins on Wavefield Chain? Detailed step-by-step tutorial a must for newbies

Buying cryptocurrencies on the wavefield chain is a simple and straightforward step. With the development of the wavefield chain, more and more users choose to trade on it. With the wavefield chain, users can enjoy lower transaction fees and faster transaction speeds. For newbies who may be confused about how to buy cryptocurrency on Wavefield Chain, this article will detail the steps on how to complete the purchase of cryptocurrency on Wavefield Chain to help you better understand and use this platform.

Step 1: Prepare a digital currency wallet

To trade on Wavefield Chain, first you need to prepare a wallet that supports Wavefield Chain. The most commonly used wallets are TronLink and imToken, both of which support trading of TRC-20 tokens. You can create and configure a wallet by following these steps:

1. Download and install the wallet: Visit an official app store (e.g. App Store or Google Play), search for and download TronLink or imToken.
2. Create Wallet: Follow the prompts to create a new wallet, set a password and back up the mnemonic.
3. Add the Wavefield Chain: Confirm that the wallet supports the TRC-20 network to ensure that you can trade on the Wavefield Chain.

Once you have your wallet ready, you can start funding the deal.

Step 2: Top up TRX (wavefield coins)

Transactions on the Wavefield chain require TRX as a fee, so you will need to top up some TRX to your wallet. There are a number of ways to top up, the most common being to purchase and transfer to your wallet via an exchange. Here are the common ways to top up:

1. Choose an exchange: Choose an exchange that supports TRX top-ups, such as Coin, Ouija Exchange, etc.
2. Buy TRX: Select a TRX pair on the exchange and buy TRX via fiat currency (e.g. RMB).
3. Withdraw coins to wallet: After completing your purchase on the exchange, withdraw TRX coins to the wallet address you created earlier. Remember to check that the wallet address is correct.

After completing the recharge, you will have enough TRX in your wallet to cover the transaction fees.

Step 3: Choose the right trading platform

Buying cryptocurrencies on the Wavefield chain can be done through a decentralized exchange (DEX) or a centralized exchange (CEX). While centralized exchanges are more convenient for beginners, decentralized exchanges offer better privacy. Here are a few common platforms:

centralized exchange

1. Binance: Supports TRX recharge and offers a wide range of trading pairs on the wavefield chain. Suitable for novice users as it has a simple interface and is easy to operate.
2. Ouyi Exchange (OKEX): The platform also supports TRX trading, which can be purchased directly within the platform and has a large rebate, which is suitable for active users.

Decentralized Exchange (DEX)

1. JustSwap: This is the most popular decentralized trading platform on the Wavefield chain, where you can exchange TRC-20 tokens directly.
2. Wavefield wallets with built-in DEX: Some wallet apps such as TronLink have built-in decentralized trading functionality that allows users to exchange coins directly through the wallet.

Whether you choose a centralized or decentralized trading platform, each has its own advantages and disadvantages. The choice should be judged according to your needs.

Step 4: Buy coins on the platform

Once you have chosen your trading platform, the next step is to make a coin purchase. Taking CoinShares as an example, here are the steps to make a purchase:

1. Log in to your account: Go to the CoinSafe website or app and log in with your account number.
2. Selecting a trading pair: In the trading area select the pair of the currency you want to buy with TRX. For example, select the TRX/USDT pair.
3. Place an order to buy: According to the current market price, choose market order or limit order to buy. If it is a market order, the system will automatically close the deal according to the current market price; a limit order allows you to set the specific price of the purchase.
4. Withdraw Coins to Wallet: After completing your purchase, withdraw the purchased coins to your prepared Wavefield Chain wallet address.

If you choose a decentralized exchange (such as JustSwap), the process is also very simple. Just connect to the trading platform via your wallet, select the coins you need to trade, enter the quantity and confirm the transaction.

Step 5: Confirm the transaction and complete

After purchasing the coins, you need to wait for the transaction confirmation. Depending on the trading platform you choose, the transaction time may vary. Usually, completing a transaction on the Wavefield chain is very fast and you can view the coins you have purchased in your wallet.

How do I check the status of a transaction?

1. Check Wallet Balance: With the wallet app, you can check your balance changes in real time and confirm whether you have successfully purchased your target coins.
2. View transaction history: most platforms and wallets record the details of every transaction to ensure transparency.

Once the transaction is complete, you can start managing and using your cryptocurrency.

Step 6: Attention to safety matters

Security is crucial when buying cryptocurrencies on the Wavefield chain. Here are some common security tips:

1. Use strong passwords and double authentication: Make sure the trading platforms and wallets you use have double authentication turned on.
2. Backup of auxiliary words and private keys: in case of loss of auxiliary words or private keys you will not be able to retrieve the assets in your wallet.
3. Avoid unfamiliar links: Do not click on unknown links easily to prevent phishing attacks.

Ensuring that these security measures are in place properly can greatly reduce the risk to your property.

wrap-up

With these steps, you can successfully complete your cryptocurrency purchase on Wavefield Chain. Whether you choose a centralized exchange or a decentralized exchange, you will be able to find a suitable trading method for you. Always remember to protect your account information and choose a trusted platform for trading. With Wavefield Chain, you can take advantage of low transaction fees and fast confirmations to quickly enter the world of cryptocurrency.