How and Where to Buy CATCOIN (CATS) – Detailed Guide

But we are not done even. We need to convert our USDT into CATS. As CATS is presently listed on PancakeSwap we will guide you through how to convert your USDT on the platform. Unlike other centralized exchanges the conversion steps will be a little unlike on PancakeSwap since it is a decentralized exchange ( DEX ) which does not require you to register an account nor going through any KYC march, however, trading on a DEX requires you to manage your own private key to your altcoin wallet and it is suggested that you take excess wish of your wallet private key, because if you lost your keys, it means that you will lost access to your coins constantly and no customer support will help you retrieve your assets back. Although if managed properly it is in fact more dependable to store your assets in your own secret wallet than on exchange wallets. If you are hush uncomfortable with using a DEX equitable so far, check if CATS is available on any other traditional centralised exchanges on the yellow journalism above. Otherwise let ’ s follow these steps carefully .

Convert your USDT into BNB on Binance

PancakeSwap is a DEX that is like to Uniswap/Sushiswap, but alternatively it runs on Binance Smart Chain ( BSC ), where you will be able to trade all BEP-20 tokens ( as oppose to ERC-20 tokens in the Ethereum blockchain ), unlike Ethereum, it greatly reduces the trade ( natural gas ) fees while trading on the platform and is gaining popularity recently. PancakeSwap is built on an automated market maker ( AMM ) system which relies on user-funded liquidity pools and that is why it can work absolutely without a traditional ordain book from centralised exchanges. In short-circuit, as CATS is a BEP-20 nominal running on Binance Smart Chain, the quickest means to buy it is to transfer your USDT to Binance ( or the exchanges listed on the table below for US traders ), convert it into BNB, then send it to your own wallet via Binance Smart Chain and swap your BNB for CATS on PancakeSwap. US traders should consider signing up on the exchanges below.

once you have registered on Binance or the exchanges suggested above, steer over to the wallet page and choose the USDT and chatter deposit. Copy the USDT address and head back to UpHold, withdraw your USDT to this address and wait for it to arrive, this should take around 15-30 minutes depending on custom of the USDT network. once arrived, trade your USDT to Binance Coin ( BNB ) .

Transfer BNB to your own wallet

here comes the trickiest separate of the process, now you need to create your own wallet to hold both BNB and CATS, there are several options to create your own wallet, the best option is to use a hardware wallet, such as Ledger Nano S or Ledger Nano X. They are dependable hardware that provide respective layers of security system to protect your assets, you only have to store the seed phrases in a condom place and never put it on-line ( i.e. do NOT upload the semen phrases to any cloud services/storage/email, and besides do not take photograph of it ). If you are planning to stay in the crypto scene for a while, it is highly recommend that you get a hardware wallet .Ledger Nano S

Ledger Nano S

  • Easy to set up and friendly interface
  • Can be used on desktops and laptops
  • Lightweight and Portable
  • Support most blockchains and wide range of (ERC-20/BEP-20) tokens
  • Multiple languages available
  • Built by a well-established company found in 2014 with great chip security
  • Affordable price

Buy NowLedger Nano X

Ledger Nano X

  • More powerful secure element chip (ST33) than Ledger Nano S
  • Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
  • Lightweight and Portable with built-in rechargeable battery
  • Larger screen
  • More storage space than Ledger Nano S
  • Support most blockchains and wide range of (ERC-20/BEP-20) tokens
  • Multiple languages available
  • Built by a well-established company found in 2014 with great chip security
  • Affordable price

Buy Now alternatively you can create your own wallet, here we will use MetaMask as an model to show you how to set up your wallet .

Add MetaMask extension to Chrome

We recommend using Google Chrome or Brave Browser here. Go to Chrome Web Store and search for MetaMask, make certain the extension is offered by hypertext transfer protocol : //metamask.io for safety and then click Add to Chrome .MetaMask Proceed with “ Get Started ” and then click on “ create a wallet ” in the future screen, read all the instructions on the following screen door and then click “ Agree ”MetaMask next choose a batten password to secure your MetaMask wallet, this password is not your private key or seed phrases, you entirely need this password to access the Chrome Extension.

MetaMask hera comes the stand-in give voice generation step, on the shield you will see a list of random words appearing after you click “ reveal secret words ”, write these words down on a nibble of newspaper and do not always save them online, anywhere. For extra security you may even consider getting a Cryptosteel Capsule from Ledger to store your phrases securely and physically .CryptoSteel Capsule Solo once you have saved your seed phrases securely, confirm on the adjacent screen by verifying them. And you ’ re done ! Read the tips once more to ensure you ’ re fully aware of the security issues and click all done, now your wallet is cook. now click on the MetaMask icon on the extension browning automatic rifle on the browser and unlock your wallet with your password. You should see your initial balance afterwards .MetaMask now you are ready to deposit your BNB to your wallet, head over to PancakeSwap, click “ connect ” at the top and choose MetaMask .PancakeSwap If this is your first clock time to connect with MetaMask you should be asked immediately if you would like to add the Binance Smart Chain network to your MetaMask, please do proceed with this measure as it is very crucial that you make certain you are sending your BNB via the veracious network. After adding the network, switch over to the network on MetaMask and you should be able to see your BNB libra on the Binance Smart Chain. now copy the address to clipboard by clicking on the account name .MetaMask now head second to Binance or whichever exchange you bought BNB. Go to the BNB wallet and choice Withdraw, on the recipient address, paste your own wallet address and make surely it is the decline address, then on transplant network, make surely you have selected Binance Smart Chain ( BSC ) or BEP20 ( BSC )MetaMask Click render and follow the verification steps afterwards. After successfully withdrawing your BNB it should arrive very curtly to your own wallet. now you ’ re ready to buy CATS ultimately !

Head back to PancakeSwap, choose Trade > Exchange on the leave sidebarPancakeSwap You should see a relatively simple interface here with basically just two fields, from and to, and a big button saying either “ connect Wallet ” or “ Swap ” .PancakeSwap Click on Connect Wallet if you haven ’ metric ton done then already. Otherwise you should be able to see your BNB remainder here at the from field, enter the total you would like to exchange for CATS and then on the to plain, choose CATS from the dropdown, the corresponding amount of CATS should show up immediately. Verify and then proceed with “ Swap ”. In the next screen, confirm the transaction once more by clicking Confirm Swap. now MetaMask should pop up and ask you if you want to allow PancakeSwap to spend your BNB, pawl Confirm. Wait for the confirmation screen until it shows “ Transaction Submitted ”, congratulations ! You have ultimately bought CATS ! ! After a shortstop while you should be able to see your CATS balance wheel on your MetaMask Wallet .PancakeSwap

source : https://ontopwiki.com
Category : Finance

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