Ever since the cryptocurrency wave hit the financial sector, there has been a constant demand for digital assets, as well as platforms that can facilitate secure trading. In the current landscape, there are plenty of crypto platforms that have found their way into the market. These platforms are primarily intended to provide users with a way to conduct trade and engage with other traders.
There’s no doubt that the demand for cryptocurrencies is continually increasing. However, as more and more users have joined the crypto space, scaling has emerged as a major obstacle for cryptocurrency platforms. For instance, as Bitcoin’s demand soars higher and higher, the Bitcoin network is having trouble keeping up with the increased transaction volume.
Waves platform may provide an ideal solution to the problem of scalability. The Waves cryptocurrency team is utilizing all the resources at their disposal and taking a variety of preventative measures to ensure that the network is able to scale appropriately and cater to diverse user requirements. In this article, you will learn about both Waves platform and Waves coin. Without further ado, let’s get started and learn about various concepts underlying Waves, including where to get free Waves tokens, a review of platforms where you can trade Waves, an update on Waves’ current status, and how to buy Waves coins.
What is The Waves Platform?
It is an open-source, decentralized, and independent blockchain platform that enables users to mine and distribute Waves crypto. Waves blockchain is utilized in application building and crowdfunding as Waves is fully integrated with fiat currency gateways like USD, CNY, and EUR. On Waves exchange, users can also swap tokens for fiat currency as long as they have a Waves exchange login. Waves uses proof-of-stake algorithm.
Waves also launched a custom Waves token, which means you can create your own cryptocurrency. You can also use Waves platform to launch ICOs as a way to fund projects. All you need to access these opportunities with your Waves login. Below are some additional key features of the Waves blockchain:
A decentralized exchange created on the Waves blockchain, WavesDex enables users to trade assets like BTC/ETH against Waves coin.
Using Waves to create smart contracts is simple. The contracts are non-turning, complete, and fully secure.
The platform allows you to create Waves tokens or cryptocurrency in no time. You need 1 Waves token to enable tokenization.
With Waves’ decentralised exchange, you can exchange any of your tokens for fiat money. The fiat options include EUR, USD, and CNY. To participate in a fiat exchange, you also need at least 1 Waves token.
What is Waves Cryptocurrency? How Does Waves Work?
Waves creates tokens. This is one of the most unique attributes of the Waves blockchain platform. At Waves, you can exchange your tokens for fiat money and other cryptocurrencies. The advantages of creating your own tokens is that it will give you or your business a superior edge in payments for goods and services, and it can help crowdfund your project.
You will need a Waves coin to start the process of creating a customized token. Before investing in any Waves coins, you should first take stock of the current price of the token. It is also important to know where you can buy Waves coins. They are available on exchanges like Tidex, Bittrex, ChangeNOW, and more.
The Waves platform is heavily dependent on the fiat gateways, which are handled by independent operators. These operators help users exchange currencies for digital coins. Tokenization of fiat currency helps users expedite the transfer process, as token transfers are faster and cheaper than bank transfers.
All the services provided by Waves can easily be accessed through Waves wallet. But you should make sure to do some research on the best wallet to store your Waves coin.
The Dynamics of Waves Price
Crypto price fluctuations are primarily based on speculation, as there is no tangible asset underlying the price valuation. However, the Waves price is unique from other cryptocurrencies in this respect because the coin holds tangible value in relation to real money. In 2018, the prices of a Waves coin reached $100+ and kept rising over the next few years. The price prediction for Waves is based on market analysis and other crypto related calculations. The current value of Waves coin stands at $1.25. Here is the Waves crypto chart:
Where To Buy Waves Coin?
When it comes to buying Waves coins, there are plenty of options to consider, including more traditional cryptocurrency exchanges as well as platforms like Waves DEX review. Waves clients can also use fiat money, cryptocurrencies, or credit cards to purchase Waves coins from third parties.
Buy Waves Coins From ChangeNOW
The optimal platform for purchasing Waves coins, however, is ChangeNOW. The platform offers instant exchanges and it supports both cryptocurrency and fiat money. There are plenty of other benefits to choosing ChangeNOW. For instance, you don’t need to waste time scouring the internet for the best exchange rates, as the ChangeNOW team has already partnered with other trading platforms and exchange partners to give you the most competitive exchange rate in the market.
Also, as a non-custodial service, ChangeNOW does not store any funds of its customers — the users have full control over their assets. In addition to that, ChangeNOW does not require any form of account creation, which is vital to ensure the security and privacy of the customers. Since there is no personal information stored on the platform, data breaches of this kind are of a zero possibility.
Which is The Best Waves Wallet?
It is essential to use a Waves wallet for storing your tokens and facilitating seamless trading. The Waves platform is open source and highly user friendly. It is available for Windows, Linux, and Mac operating systems. The Waves Wallet is the official wallet of the platform. However, there are plenty of other options that you can take into consideration as well. Before considering the top Waves wallet, below are a list of features to look out for before choosing the wallet that best fits your needs:
- Waves compatibility
- User-friendly interface
- Advanced security features
- Round the clock support
- Wallet infrastructure
- Features and functionality
Here’s a list of top Waves wallet that are preferred by Waves users:
The Atomic wallet is a decentralised application and it is one of the top-rated wallets for storing your Waves tokens. It ensures complete security and absolute privacy. The wallet uses a mnemonic seed to maintain privacy and anonymity.
Available on the web as a Chrome Extension and as a mobile app (Android and iOS), Guarda is a multi-currency and non-custodial storage utility that provides full control of multiple assets as well as private keys. Currently, Guarda supports more than 40 blockchains and over 10,000 different crypto tokens in its wallet. Guarda also has a user-friendly interface that even a beginner can navigate with ease.
ChangeNOW highly recommends using Guarda Wallet.
Waves Brain Wallet
It is a smaller version of the official Waves wallet that does not keep the private keys or a .dat file. You need a 15-word seed code when you first open an account in the wallet. It is therefore essential to keep the seed safe so that you can always retain access to your account. Users are also required to create a password to open an account. Waves Brain wallet is also one of the safer options out there offering state-of-the-art security features.
Waves Lite App
Waves Lite is a lighter version of the Waves wallet that traders can use to connect to the nodes of the public Waves network. With the Waves Lite app, users can complete and verify their crypto coin transactions. The app also allows users to send a notification via web browser to indicate completion of the transaction.
Waves Wallet iOS
Designed specifically for iOS users, Waves wallet iOS is a free mobile wallet. Just like Waves Lite App, the iOS version can also connect with the public nodes on the network. Users can view all transactions and verify the entire transaction history. All the Waves platform’s features are available with the wallet as well. You can trade on DEX, and send and store Waves tokens. Another major advantage to the iOS version is that it can also be used as a Bitcoin wallet.
Waves Wallet Android
This wallet is dedicated for Android users. It is easy to operate and lets users connect to the public nodes on the Waves network. You can also view transaction details and even make tentative payments. It even supports multiple wallets on one device. The QR feature allows users to transfer funds by scanning the QR code. Always be sure to keep your wallet seed code safe for security purposes.
The Bottom Line
Cryptocurrency has been battling the issue of scalability since its very creation. Waves has emerged as a promising platform that can address all the scalability issues in the cryptocurrency landscape. It is a decentralized platform where users can create their own tokens, exchange it for fiat money, and engage in crypto trade. According to many reports, Waves is currently working with the Russian National Settlement Depository to create a blockchain platform for the distribution of digital assets.
Waves future is overflowing with possibilities that can initiate a revolutionary shift in the cryptocurrency space. We hope this review has helped guide you in understanding the exciting new world of Waves trading.