This article gives you step by step instructions to purchase 1 Waves Token in the Waves Exchange to use for transaction fees.
The Waves Exchange is easy and inexpensive to use. For every transaction, no matter the currency there is a small service fee, which is a portion of 1 Waves Token required. 1 Waves Token will allow a user to process between 333 and 1000 transactions. At under $3 per token (at the time of writing this article) this makes it almost free to use.
- You will need Waves token before you can buy or sell or trade Asimi.
- You will need a Waves account to access the Waves exchange.
For the purposes of this tutorial we will assume you have an account in Waves, and you have added Bitcoin to your Bitcoin wallet in Waves.
STEP 1: Log into your Waves Exchange account. Click at the top of the screen on “Trading”
The transaction can be quick and simple.
We are going to assume you have Bitcoin (BTC) in the bitcoin wallet of your Waves account.
STEP 2: You need to “pair” Waves with BTC.
Find the search bar in the upper left of your screen. Type Waves, then find Waves/BTC click the star. You should now see highlighted in blue “Waves/BTC.”
Now you have Waves paired with BTC.
STEP 3: Click on WAVES / BTC where you see the star
In the upper right of your screen you will see the Order Book with numbers in Red and Blue, these are recent prices in BTC of waves transactions. In the middle is the current price.
STEP 4: To buy or sell in Waves Exchange, we have to place a buy or sell order and wait for someone to sell to us or buy from us.
Go to the lower right and notice Buy and Sell and the boxes to enter the information. Also notice the BTC price for Waves is already filled with the current price.
If we want to buy right away we need to make an offer at or above the current price. First refresh the page, then click on Best Ask, this will give the most current asking price. Enter 1 in the amount. You will see the total you will pay in BTC for 1 Waves.
Go to the lower right and click on “Buy WAVES”.
Your order should be filled immediately and you will now have the Waves in your Waves wallet.
Note: There will be 0.003 Waves deducted for this transaction.