How to Buy Waltonchain - Where to Purchase WTC?
Waltonchain is an ecosystem that combines the Internet of Things (IoT), RFID technology and blockchain. The team behind Waltonchain develops and manufactures ID-reading RFID chips that have the ability to create their own random ID hashes which can be uploaded to the blockchain simultaneously through the RFID reader.
Waltonchain has its own native token which is denoted by the initials of WTC. At the time of writing, the token is trading for $0.8297 with a market capitalisation of close to $60 million. This guide will enable you to learn the basics of trading and investment in Waltonchain.
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Why Trade rather than Buy Waltonchain for Cheap and Fast Returns?
You Don’t Need a Wallet:
You trade on the price movement of the coin without having to buy and store it.
You Can Use Standard Payment Methods:
All regulated brokers accept popular methods of payment such as credit/debit card and bank transfers.
Trades Are Fast and Withdrawals Are Easy:
Trades are executed within seconds and withdrawals will reflect instantly in your account.
What is the Easiest and Best Way to Buy? Compare the Top Waltonchain Brokers
To trade Waltonchain, the first step is to evaluate some of the top broker services as they deliver the most convenient and quick way to trade Waltonchain coins. Using a brokerage website, you have the option to open and close your orders in a quick manner while keeping your profit. Having said that, it is essential that you evaluate a number of brokers and find the one that suits your trading requirements.
5 Things to Consider if you Want to Buy Waltonchain
If you are serious about buying Waltonchain, you also need to take research seriously. Learn about all the factors that can have an impact on your trading and assess them to minimise your risk.
1. Carefully choose your preferred secure payment method
One of the major points that you should remember is that the availability of different methods depends on your country of residence and your chosen crypto platform. The key factors that you should take into consideration are transaction security, speed and reliability.
2. Will you need to set up your own wallet?
If you want to hold onto your Waltonchain tokens for a few weeks or more, then it is recommended that you set up a cryptocurrency wallet to ensure the security of your coins. While web wallets that are often included in your broker or exchange account are somewhat secure, they can still become a target of cyberattacks and hacking attempts which can lead to loss of funds. This is why it makes sense for you to reduce your risk by getting a crypto wallet. If you don't want to deal with a wallet, then you should trade Waltonchain tokens instead of buying them.
3. Comparing costs
Prior to investing in Waltonchain coins or any other digital currency, it is recommended that you evaluate the cost of trading on different platforms. There are multiple types of charges that you would need to pay including network fee, transaction charges, deposit fee and withdrawal fee. These charges can decrease your financial gain. If you have the option, use cryptocurrencies to buy or trade Waltonchain coins as you won't have to pay the currency exchange fee.
4. Safety and security
Before you buy or trade any coin, including Waltonchain tokens, it is necessary to ensure that the project has taken adequate steps to ensure safety and security. Since Waltonchain is a blockchain-based project, it ensures the security of your funds through cryptographical encryption. If there's any outside intervention from a cybercriminal, they cannot steal your funds.
Apart from that, there are other security features offered by the blockchain as well including encrypted public and private keys, decentralisation and peer-to-peer network. Some platforms may offer additional security features such as 2FA.
5. Can you understand and navigate the platform?
In order to maximise your profit potential, it is suggested that you familiarise yourself with the platform you have chosen and study all the features available to you. Some platforms may offer a demo account for you to practise and familiarise yourself with the user interface.
Ultimate Beginner’s Guide to Trading Waltonchain
What is a Waltonchain Broker?
Broker services are platforms that allow you to bet on the price of Waltonchain tokens so you don't have to buy them. Since the trading of digital currencies is witnessing a surge all over the world, broker websites are now used in every country to trade Waltonchain coins and other types of altcoins.
As you might already know, Waltonchain is a relatively new project and there are only a few brokers who currently offer the token for trading. Prior to selecting a broker, ensure that they have listed Waltonchain on their website.
What is a Waltonchain CFD?
CFD is an abbreviation for Contract for Difference and it is a financial instrument that enables traders to speculate on the price of Waltonchain coins and other tokens without actually purchasing them. Using Waltonchain CFDs means you can open and close buy and sell trade orders to bet on the coin's price.
One of the key benefits of trading Waltonchain tokens through CFDs is that they enable you to earn profit regardless of the market's direction. Whether the price is going up or down, you can trade using CFDs. On the other hand, if you have purchased the tokens, it means that you will have to wait for the time until the price rises to earn your profit. When you're trading, you are rewarded for your speculative accuracy.
What is the Benefit of Waltonchain Regulation?
As cryptocurrency trading becomes more and more mainstream across different countries, government, regulatory organisations and other stakeholders are creating and deploying regulations to prevent frauds and illicit activities. Although these regulations mean that you have to go through a few more steps to trade Waltonchain tokens, it also ensures the safety of your funds and personal information. Brokers that adhere to these rules are comparatively safer than those that don't.
What is the Best Payment Method for Buying Waltonchain?
You can buy Waltonchain coins using a wide range of payment modes. However, keep in mind that the availability of the payment modes depends on the country you live in and your selected crypto service. This is the reason you should assess multiple payment options to find the best one for your needs.
Buying Waltonchain with PayPal: PayPal has become one of the most dominant payment modes for most online retailers. Subject to the country you live in and your chosen broker website, you might have the option to purchase Waltonchain coins using PayPal. You have to remember that there are a number of other payment modes that are comparatively cheaper than PayPal. That's why using PayPal makes the most sense when you are looking to buy the cryptocurrency in bulk.
However, PayPal isn't a valid payment option in many countries across the world and only a handful of exchanges and broker services allow you to buy through PayPal.
Buying Waltonchain with Cash: If you use cash for buying Waltonchain tokens, you won't incur transaction charges. However, it is next to impossible to buy Waltonchain coins or any other altcoins using cash. You will not only have to find a willing buyer who is ready to sell their Waltonchain tokens but also have to pay the demanded price as well. This method of payment also involves a higher amount of risk. That's why we suggest you consider other payment options first.
Buying Waltonchain with Bank Transfer: If your number one priority is to incur minimal transaction charges, then the best option available to you is a wire transfer for buying Waltonchain coins. You can also use the payment mode to send and receive digital currencies to and from a crypto exchange or broker. The downside of using wire transfer is that it is comparatively slow and your payment may take days to process.
Buying Waltonchain with Credit Cards or Debit Cards: If transaction charges are not a concern for you and you are looking for the fastest way to purchase Waltonchain coins, then a debit or credit card is the best payment method. Although you will have to pay a higher transaction fee relative to other payment modes, your transactions will be processed instantaneously.
The Verification Process for Trading Waltonchain
To trade Waltonchain coins, you will need to register on a broker or exchange platform. That's where you will be required to confirm your identity. This is done by crypto services that want to ensure compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. In order to validate your identification, you can submit any type of government-issued documents including your driver's license. While this adds a minor inconvenience for you, this step also secures your digital funds along with your personal information.
Waltonchain: Long vs Short Term Investment
The short-term investment plan involves capitalising on the volatility of the crypto market and acquiring profits by taking advantage of momentary surges and reductions. This can potentially be a quick way to earn profits but it also carries high risk. The upside of short-term strategy is that you don't have to buy Waltonchain coins as you can speculate on the price developments using CFDs, options and futures. You also don't need to set up and manage a crypto wallet.
On the other hand, a long-term investment plan involves buying Waltonchain coins through a crypto exchange and waiting for the time when the price has risen enough to earn substantial profits. This type of strategy requires full commitment and understanding of the blockchain you are investing in along with the financial market. The advantage of this strategy is that you aren't affected by momentary price movements and you actually own the tokens.
Why Buy Waltonchain rather than Trade?
There are many traders who don't know which strategy would be more profitable for them. The truth is that both trading and purchasing Waltonchain coins can be profitable but there are a few advantages of buying the currency that trading doesn't have.
The first thing that distinguishes buying from trading is that you actually own the physical coins which give you the right to store, spend and sell them any time you want. This investment plan is mostly used by long-term investors who are looking to earn substantial financial gains in the long run which can last up to a few years.
Moreover, if you actually purchase Waltonchain coins or any other digital currency, you minimise your risk. While trading can be highly profitable, it also carries the risk of sudden price movements wiping out your seed capital. On the other hand, when you own the currency, you are not affected by the short-term price movements of Waltonchain coins. You can always wait for the price to recover.
Another key benefit of buying Waltonchain coins is that it gives you complete control over your digital funds. While exchanges and brokers have tightened their security over the last few years, they still remain vulnerable to cyberattacks and data breaches. These platforms are also affected by sudden price movements which can make it challenging for you to get your tokens. However, if you have stored the coins in your wallet, you not only have the ability to access them any time you want but you can also save on the storage fee.
What Fees are involved in Buying Waltonchain?
When you want to purchase Waltonchain tokens, you will have to pay a number of charges that you will need to consider when calculating your profits. Some of the major expenses include network fee, transaction charges, deposit fee, commission and withdrawal fee. There is also a storage fee but if you are holding Waltonchain coins in your own crypto wallet, you can save your money. Some of the key transaction costs are given below.
Transaction Fees: As Waltonchain transactions use a blockchain, the validation of these transactions requires resources by the contributors of the community. The transaction fee is deducted to reward and incentivise these contributors. However, in terms of percentage, the fee is almost negligible and may cost you up to 0.3% of the total order. Transaction fees will also vary from one crypto platform to another. This is why it is important to weigh the costs of purchase on different platforms.
Deposit Fees: Although an overwhelming majority of the exchanges and broker services do not deduct any deposit charges, there might be a few platforms that do. When you are evaluating different cryptocurrency exchanges and brokers, make sure to identify the ones that don't charge a deposit fee.
Withdrawal Fees: Just like the deposit fee, withdrawal charges are also subject to your selected crypto service. Usually, most platforms keep such charges to a bare minimum but always check with your selected platform beforehand to ensure the charges suit your budget.
Safely Storing Your Waltonchain
If you want to store your Waltonchain coins for a longer period of time, it is recommended that you use a cryptocurrency wallet. They can come in multiple forms including the ones listed below.
Web Wallet: These are those wallets that are often built into your exchange or broker account. Their leading feature is quick accessibility to your Waltonchain tokens so you can trade them quickly without wasting any time. However, web wallets are not as secure as other types of wallets.
Mobile Wallet: If you are interested in trading on the go, then a mobile wallet is one of the best alternatives. Specially made to facilitate crypto management and trading on a smartphone, these wallets offer security and functionality in a single package. Atomic Wallet is one of the leading mobile wallets for storing Waltonchain coins.
Desktop Wallet: These types of wallets come in the form of desktop applications that can be installed on your computer. While these wallets don't have the quick accessibility of web or mobile wallet, they are more feature-rich and secure as compared to the other wallets. The desktop version of Atomic Wallet is a great option for storing your Waltonchain tokens.
Hardware Wallet: When your topmost priority is to secure your Waltonchain coins, then hardware or cold wallets offer the best option. These are known as cold wallets because there is no constant network connectivity. You basically store encrypted public and private keys on a physical device. The security is further strengthened with a passphrase and two-factor authentication. Some of the best cold wallets for storing Waltonchain tokens include Ledger Nano X, Ledger Nano S, and Trezor.
Wallet Combinations: Depending on your trading strategy, you can also use wallet combinations which enables you to store your WAN coins in different types of wallets including software and hardware wallets. For instance, the Waltonchain tokens you want to hold for months before you can sell can be stored in a hardware wallet while the coins that you need to trade on a daily basis can be kept in a web or mobile wallet.
What Other Coins Can I Trade or Use to Buy Waltonchain?
When you have no desire to use fiat currency to buy Waltonchain coins, you always have the option to use other cryptocurrencies such as Bitcoin. Some of the top cryptocurrencies that you can use to buy Waltonchain tokens include ADA, ETH or XRP. As you are using a cryptocurrency for purchase, you don't incur the exchange fees which results in a higher profit margin.
What’s the Smallest and Largest Amount of Waltonchain I Can Buy?
As digital currencies suffer from price volatility, there are a lot of traders who want to find out the minimum quantity or the smallest fraction of Waltonchain tokens they can buy. As there are 100 million Waltonchain tokens, the price is highly unlikely to cross a reasonable amount but some exchanges may impose a minimum investment limit. Likewise, some jurisdictions may also impose an upper limit on the investment amount by an individual so check your local laws before investing.
Can I Buy Waltonchain Anonymously with no ID? Is it Safe and Legal to Buy Waltonchain?
We recommend that you always use a regulated broker or exchange to buy and trade Waltonchain coins. Since they assure compliance with KYC and AML regulations, they are far safer than those platforms that don't comply.
However, if you still want to stay anonymous when buying your Waltonchain tokens, we suggest that you evaluate the exchange or broker thoroughly to minimise your risk. It should be kept in mind that anonymous transactions are untraceable and once you lose your money, you cannot get it back.
Will Buying Waltonchain Make Me Money?
There are no guarantees in crypto and whether a coin can make you money or not will totally depend on the investment strategies you deploy. That's why this needs to be answered by yourself. What you can do is minimise your risk by following some trading fundamentals which include the following.
- Always familiarise yourself with the selected cryptocurrency platform.
- Learn about the blockchain projects and cryptocurrency you are going to buy or trade.
- Make it a rule to not invest more than what you can afford to lose.
- If you earn profits, only reinvest a certain percentage and keep the rest as savings.
- Read opinions and analyses of analysts and market leaders.
- Familiarise yourself with technical analysis.
How to Spend your Waltonchain
The main purpose of the Waltonchain blockchain is to combine multiple features including IoT, RFID technology and blockchain. That's why you cannot use it to buy stuff on the internet. The alternative is to exchange your Waltonchain coins for a popular digital currency like Bitcoin and then use it to buy whatever you want.
How to Sell your Waltonchain
In order to sell your tokens, you will need to transfer them from the wallet to an exchange. However, the best and easiest way to sell your Waltonchain coins is through a brokerage website. If you own Waltonchain CFDs, the selling process will be far quicker and convenient as compared to when you own the real tokens.
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Frequently Asked Questions
Waltonchain was developed by a team of developers and it is managed by the community.
Waltonchain combines three of the most forward-thinking technologies that include IoT, blockchain, and RFID. That’s why there are real-life applications of the project which make it a potentially promising prospect.
Unfortunately, no. You can only purchase Waltonchain or trade it through a broker or exchange.
Waltonchain is a decentralised project and controlled by a community of people who update and manage the project.
This depends on the country you live in. Before you invest in any cryptocurrency including Waltonchain, it is recommended that you check the laws first.
Just like any other cryptocurrency, Waltonchain is also affected by market dynamics, for instance, increasing supply and demand.
The main objective of the Waltonchain network is to deliver IoT, blockchain, and RFID technologies. The main focus is not on payment networks.
This depends on the country you live in and its tax laws. Do your research and find out if your country classifies crypto earnings as capital gains.