How to buy Waves with Bitcoin

Antonio Madeira 21 May 2017

The Waves Platform is a cryptocurrency platform that brings multiple advantages to the crypto world. Not only is it an extremely simple platform specifically built for the mainstream audience, but it also allows users to take advantage of unique features such as a one-click token issuance mechanism and to pay for transaction fees with custom tokens.

The native cryptocurrency of the Waves Platform is the Waves token (Waves) which is a Delegated Proof of Stake (DPoS) cryptocurrency, meaning that it can be easily “mined” by leasing your balance to a full node and collecting rewards from the transaction fees within the network or even by running your own node - Learn more

There are multiple ways of buying Waves with Bitcoin and fiat. You can use the Waves decentralized exchange or even buy Waves with your credit card through the liteclient, although only 50 USD can be purchased at the moment.

We are planning to do a guide on the Waves Decentralized Exchange (DEX) in the future once it’s fully finished. Right now, there are some exchanges that feature the Waves token but this guide will teach you how to buy Waves on the Bittrex exchange, a platform where users can find multiple cryptocurrencies that are not on other more popular exchanges. Bittrex does not allow fiat, however, so you can check this guide to learn how to buy Bitcoin first.

Part 1 - Create an account on Bittrex

Step 1: Click here to go to Bittrex

Step 2: Click “Login”

Step 3: Click “Signup”

Step 4: Enter your personal details and agree to the terms and conditions

Step 5: Click “Sign Up”

Step 6: You’ll be sent a confirmation link via email. Click it to confirm your account

Step 7: Click “Login” to proceed to your account

Part 2 - Login and deposit Bitcoin

Step 1: Click “Login”

Step 2: Enter your username and password

Step 3: Click “Login”

Step 4: Now, we’re going to deposit Bitcoin, so let’s click “Wallets”

Step 5: To deposit BTC, click on the “+” button on the Bitcoin wallet

Step 6: Click “New Address” to generate a new Bitcoin wallet

Step 7: Deposit your bitcoin on the wallet address generated (it may take a few seconds to generate the address)

Wait for the BTC to be deposited on your account. You can check the transactions by scrolling down

Part 3 - Buy Waves

Step 1: Click “฿ Markets”

Step 2: Enter “Waves” on the search field

Step 3: Choose the “WAVES” market

Step 4: Scroll down and enter the price you want to buy WAVS for. You can enter the price yourself or select from the Last, Bid or Ask price

Step 5: Enter the amount you want to buy. You can click max to get the maximum number coins automatically inserted

Step 6: Lastly, click “Buy Waves”

Once your order is filled, you’ll be credited with WAVES

Well done. You have now bought Waves tokens. You can withdraw your Waves to the Liteclient wallet, for example.

Alternatively, you can also mine other coins or you can also try buying a cloud mining contract with Hashflare or Genesis Mining.

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