What to Know About wCRES Crypto?

what-to-know-about-wcres-crypto

Staying up to date on all of the various forms of cryptocurrency is tough, especially as there are more and more altcoins hitting the market. You may have heard about wCRES crypto and aren’t sure whether it is the right play.

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Let’s take a further look into wCRES, including what it is, how to buy it, and more. By the end of this guide, you will be up-to-date on wCRES and whether or not it is the right buy for you.

What is wCRES?

wCRES became tradable back in November of 2020, a cryptocurrency with a total supply of 1,752,500 tokens. It currently has a market capitalization of more than $473 million. It has seen a surge in popularity, rising by nearly 120% at one point.

It has also been listed on a variety of different crypto exchanges. But unlike many of the other main types of cryptocurrency out there, it can’t be directly purchased using fiat money. That said, you can buy the coin easily if you buy Ethereum first, which does take fiat-to-currency exchanges.

(wCRES) Price, Charts, and News

One of the easiest ways in which to track the pricing of wCRES, as well as see charts and news, is through Coinbase. The cool thing about using Coinbase is that there are so many bits of information to glean.

Not only can users find out the current price of wCRES and how it has been trending over certain periods of time, but they can also see trending, related assets. This relates to some of the major cryptocurrencies on the market today, allowing you to move through potential holdings and assets quickly and easily.

There is also a feature that allows for the comparison of market cap with wCRES. In terms of assets on Coinbase, there are eight in particular that are comparable in terms of market cap: Ethereum, Ethereum 2, Tether, USD Coin, BNB, Cardano, XRP, and Binance USD.

Users can also see the recently added cryptocurrencies that matter as well. It is an all-in-one tool that allows holders of wCRES to see anything that relates to their holdings.

How to Buy wCRES?

The good news is that you can buy wCRES crypto relatively easily. It just takes a few helpful steps to get the ball rolling in the right direction.

Register with a Fiat-to-Crypto Exchange

Because you cannot purchase wCRES with fiat currency, the first step is to register with an exchange that offers fiat-to-crypto. Binance is a great option, as is Ethereum. They are also more regulated across the world, which means that you can not only buy easily but also expect a higher level of security and regulation as well.

Even better, it is made super easy even for beginners. There are Binance calculators where you can enter the amount that you want to spend in USD (or whatever your currency is) and what you want to buy (like ETH). There are exchange rates to be aware of, but it doesn’t get much easier than that.

There are certain fees and policies to be aware of when you use a major exchange like Coinbase or Uphold.com. It is important that you do your research before picking a fiat-to-crypto exchange as you could wind up being unhappy with the fees and policies.

Buy ETH

When you have chosen your exchange and filled in the requisite information, it will be time to add in your payment method. You can add a debit or credit card as well as go with a bank transfer. Keep in mind that you might get a higher fee depending on what credit card company you go with. Bank transfers are cheaper but ultimately slower, although some offer instant cash deposits that have lower fees.

On the “transact” screen, you select your fiat currency and then on the “To” screen, choose Ethereum. You can preview the transaction, clicking on confirm if everything is as it should be. You are just one step away from buying wCRES.

Transfer ETH

Now that you have ETH, it is time to transfer over to an altcoin exchange. There are a ton of different exchanges out there that offer wCRES in different market pairs. You can choose whichever one looks the best and go to their website to register.

Depending on what you choose, the purchase options can look a little different. But within a few short steps, you should be able to purchase as much wCRES as you want. This leaves us with one final step.

Transfer to Your Wallet

Should you be planning to hold your wCRES for a long time, keeping it safe is paramount. There are different ways of storing your wCRES and any other cryptocurrency that you have in your possession. There are hot wallets and cold wallets to choose from.

The former involves keeping your money in an exchange, which means that it will always be online and exposed to potential vulnerabilities like hacking. It is easier to access, sure, but if you have any significant amount of cryptocurrency, it leaves you potentially vulnerable.

There are also cold wallets. These are separate devices which have a pair of public and private addresses that are offline-generated. You will have to keep it written somewhere and make sure that you keep it safe. There are hazards that come with that method, but you can rest easy knowing that your cold storage wallet won’t be hacked.

Conclusion

There are some complaints that you cannot buy wCRES using fiat currencies. For those who are a bit more casual or like the flexibility to be had by purchasing in fiat currencies, it can be a disappointment for sure.

But if you have an Ethereum account, you can effortlessly exchange that fiat currency for Ethereum, using it to buy wCRES instead.