How to Buy Waves (WAVES) Right Now • Cryptocurrency • Benzinga

The Waves blockchain is an open-source project that allows users to create and distribute their custom crypto tokens. The primary benefit of the Waves platform is its lack of a need for complicated smart contract technology, which is typically required to create a functioning cryptocurrency. The Waves network uses a combination of full nodes and light nodes to support creating quick tokens and developing decentralized applications.

If you’re looking to expand your cryptocurrency portfolio beyond Bitcoin and other major cryptos, the Waves token can be a promising option. Our guide will help you purchase your first Waves tokens, store them safely and securely, and decide when is the best time to sell your investment. 

Step 1: Open an Online Account.

To buy any type of cryptocurrency, usually you open an account with a broker that offers the cryptocurrency you’re interested in. Crypto brokers operate in largely the same fashion as stockbrokers. First, you’ll submit a bit of personal information to open your account. Some of the information your broker could require may include:

  • Your full legal name and address
  • Your email address
  • Your cell phone number
  • A copy of your driver’s license, military ID or passport
  • A credit card number of your banking information (to fund your account)

After your account is open, you’ll be able to transfer funds between a bank account or credit card and your cryptocurrency brokerage account. When your account is funded, you’ll place an order through your broker, which instructs them on which cryptocurrency you’re interested in purchasing and at what price.

As crypto trading becomes more popular, there are now more options than ever to invest in both stablecoins and altcoins like Waves. Some brokers offer access to both the stock and options market as well as the crypto market, while others focus entirely on cryptocurrency trading. If you don’t already have a brokerage account, be sure to consider a few of our favorites below.