However, this website operates based on the PancakeSwap platform, so in reality, you would be trading on that if you were to use the Poocoin website. Nowadays, most people prefer to use hardware cold wallets, if you want to store a large number of coins or tokens, you can choose to use a hardware cold wallet to store your assets. Whether you like it or not, there is no denying that projects like Poocoin have the potential to achieve explosive growth.
- While the wallet only works with Ethereum-based assets, that is not as limiting as it might sound.
- You will also need to verify your identity by uploading a valid ID card, passport, or driver’s license to comply with AML and KYC regulations.
- This makes set-up a breeze for anyone who already has an account with the exchange.
- However, this lasted only a couple of days until the price stabilized back around the $3 mark.
When it comes to Poocoin, you simply cannot buy the token without a wallet, as you need another cryptocurrency first. PooCoin is a cryptocurrency exchange with its very own token, sharing the same name. It’s recently been trending, attracting the attention of curious traders looking to invest. Here’s an explainer on the current valuation, how to purchase tokens, and the ticker symbol to identify them. Some of the popular wallets for storing Poocoin (POOCOIN) tokens include MetaMask, TokenPocket, Assure Wallet, SafePal, and Coinhub. These wallets offer various features, such as web, mobile, and hardware options, support for multiple blockchains, DApp access, and low-fee swaps.
In other cryptocurrency news, Dogecoin and Ethereum are teaming up on a DOGE-ETH bridge. This comes at a time when there’s concern about a potential Dogecoin ban, due to new legislation in Asia. There’s no indication that these rules will come to the US, though some states aren’t averse to implementing controversial tech laws. Trezor and Ledger are two of the most popular hardware wallets out there.
Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. When it comes to cryptocurrencies, the wallet you choose to store them in can be one of the most important factors to consider. You need to make sure that the one you pick supports a wide variety of assets and blockchains. Additionally, ease of use and integration with various platforms are more aspects to consider as they will make your day-to-day activities much simpler.
Connect your wallet to a DEX that supports PooCoin, such as PancakeSwap, BakerySwap, or ApeSwap. Go to the DEX website or app, click on the connect button, and select your wallet option. Approve the connection request on your wallet app to allow the DEX to access your wallet balance and execute transactions.
While these wallets have their own software systems that support a range of assets and platforms, these are limited. Linking your Metamask wallet to one of these will allow you to take advantage of its increased utility, combined with the security of a hardware wallet. With Metamask, you can easily set up a wallet and have it on hand at all times. Because it works as an extension, Metamask seamlessly integrates into your browsing experience. This makes connecting it to various websites and managing your assets very convenient as the wallet is always a click away. Additionally, as a browser wallet, Metamask saves your private keys in your browser memory and keeps them off the internet.
Such wallets are physical devices, often resembling USB thumbsticks, that offer added security. By storing your private keys on them, you keep them safe behind additional layers of protection in “cold storage”. Binance Chain Wallet is made to integrate easily with the larger Binance ecosystem. This makes set-up a breeze for anyone who already has an account with the exchange. At the same time, the wallet does not require an account and makes sign-up possible without creating a Binance account.
It aims to provide a fast, secure, and reliable trading experience for crypto enthusiasts as an open-source and community-driven project. BitScreener is a centralized cryptocurrency exchange based in Singapore, launched in 2018. It offers a comprehensive and user-friendly platform with features like a crypto screener, exchange ratings, and market news.
However, this lasted only a couple of days until the price stabilized back around the $3 mark.
PooCoin is up 3% in the last 24 hours, though down 81% since it’s $15.08 all-time high three months ago. Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services. 4% of that is allocated for other token holders while the rest is burned. Since then, Poocoin’s price has maintained a price average of between $1 and $2, with the occasional fluctuation. While few and far between, these dips and jumps have been incredibly drastic and erratic.
To swap BNB for PooCoin on a DEX, simply select BNB as the payment currency and PooCoin as the desired coin. Enter the amount of PooCoin or BNB you want to spend, and review the exchange rate, PooCoin amount, and network fee. Once the transaction completes, your PooCoin balance will appear in your wallet. Now transfer your newly-purchased cryptocurrency from your exchange account into your wallet. In Metamask, you can find this in the account details section of the settings menu in the extension.
While the wallet only works with Ethereum-based assets, that is not as limiting as it might sound. It offers many of the same features and conveniences that Metamask has but under the Binance brand. This is a huge boon in and of itself as Binance is one of the largest and most recognizable brands in the crypto space. Anyone who trades crypto has likely seen the platform and probably even has an account.
While many view the obscene name as a crude gimmick, it does serve as a draw for many retail investors. Some of the most successful projects in the history of cryptocurrency have had novelty or joke names such as Dogecoin or Australian Safe Shepherd, with its $ASS indicator. As history has proven, what starts out as a joke has great potential to grow into a serious and highly lucrative investment. Such projects are also priced at a very affordable rate, making them widely accessible to investors of all levels. If you are looking for a project to invest in, but want to save yourself the seriousness and anxiousness that large investments bring, then Poocoin might be right up your alley. Metamask is the most popular Ethereum wallet and one of the top crypto wallets overall.
Additionally, PooCoin’s innovative approach and market trends may contribute to its success. PancakeSwap v2 (BSC) is a popular DEX on the Binance Smart Chain, offering AMM trading, yield farming, staking, lottery, NFT marketplace, and perpetual futures trading. Users can earn passive income, trade NFTs, and engage in futures trading with leverage. First, you will need to set up a cryptocurrency wallet in order to store your different assets, including Poocoin. Metamask is one of the most popular options for this and, most importantly, supports Poocoin.
How long does it take to buy PooCoin?
This extra flexibility is another added bonus that expands the wallet’s potential customer base. Staking is a great way to maximize your holdings in staking coins that would otherwise be sitting in a wallet or trading account. CFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money. Following a slight initial slump, Poocoin’s price quickly started shooting up. This was largely thanks to the project’s guerilla marketing and novelty name.
Buy BNB tokens, the native currency of the Binance Smart Chain (BSC) network where PooCoin operates. Enter the amount of fiat money or other cryptocurrencies you want to spend, and select BNB as the coin you want to receive. Unfortunately, Poocoin cannot be directly purchased with a credit or debit card. Instead, you would need to buy another cryptocurrency, such as USDT, BTC, ETH, or BNB, using a fiat-friendly platform like BitPay, Coinbase, Binance, Kucoin, or OKX. Once you have acquired one of these cryptocurrencies, you can then swap it for Poocoin on a crypto exchange or wallet that supports Poocoin trading. Start by finding a reputable cryptocurrency exchange that supports PooCoin and BNB tokens, such as PancakeSwap v2 (BSC), Binance, or BitScreener.
How to Buy PooCoin From CEX?
As such, you will first need to purchase one of the cryptocurrencies that are exchangeable into Poocoin before you can get it. Today, it can be bought on its own exchange of the same name or other popular platforms such as PancakeSwap. While it might appear on charts and websites like Crypto.com or Binance, it is not actually available to trade on those.
Create a free account on the exchange website or app, and provide your personal information, including name, email address, phone number, and country of residence. You will also need to verify your identity by uploading a valid ID card, passport, or driver’s license to comply with AML and KYC regulations. Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework.
To buy Poocoin (POOCOIN), you will need to have Binance Coin (BNB) tokens in your wallet and use a decentralized exchange (DEX) like Bilaxy or PancakeSwap to swap them for POOCOIN. Before you can use your Metamask wallet with Binance Smart Chain assets, you will need to configure it for the ecosystem. In the settings menu, select the Networks section and then click on “Add Network”. Here, you will need to manually enter the Binance network information, which can be found on the platform’s website. Because the token exists in the Binance ecosystem, you can only buy Poocoin in exchange for other cryptocurrencies.
Poocoin ($POOCOIN) is a crypto token based on the Binance Smart-Chain (BSC). The token gained widespread popularity in 2021 when its price jumped by nearly 700%. While this has since fallen off, the coin is again seeing a resurgence of interest among traders. You can trade PooCoin for other cryptocurrencies on crypto exchanges. Cex or Dex exchanges offer some trading pairs for PooCoin trading to meet your needs.
PooCoincan chart all the tokens in your wallet on Binance Smart Chain. POOCOIN is used to unlock features on the PooCoin DApp for portfolio management and token price charting. Half of this distributes amongst existing token holders, while the remaining half is burned. The maximum supply is 10,000,000 — currently, there are 5,575,739 in circulation.
PooCoin crypto token explained
One such case is Poocoin, which, although oddly named, has seen some meteoric rises. Today we will be looking at Poocoin, its history, and how you can buy this unusual crypto. PooCoin (POOCOIN) presents an exciting investment opportunity for those who believe in its vision and potential. As a token on the Binance Smart Chain, it aims to provide chart and portfolio management and improve on existing DEXs. Despite being a relatively new project, price predictions from various sources suggest positive growth in the future.
Bilaxy is a centralized cryptocurrency exchange launched in 2018, registered in the Republic of Seychelles. It focuses on providing liquidity for new and emerging tokens and supports over 500 cryptocurrencies, including its native token BIA. With a simple and user-friendly web-based trading platform, Bilaxy charges a flat trading fee of 0.15%.