How to Buy Worldcoin (WLD) in 4 Simple Steps? A Beginner’s Guide

How to Buy Worldcoin (WLD) in 4 Simple Steps

1. Choose an Exchange

The first important step to consider before buying any cryptocurrency is to choose a reputed crypto exchange platform. When it comes to the Worldcoin token, several popular crypto exchange platforms support buying and selling of WLD tokens. The list of exchanges that you can choose for WLD purchase include Binance, OKX, Bybit, KuCoin, among others.

Every exchange platform has its own advantages and disadvantages, and offers different types of services. You must research thoroughly, compare platforms, and select the one with a user-friendly interface and best security features. Other factors that you should consider are fees, payment methods, customer support, deposit and withdrawal limits.

2. Create an Account & Verify Identity

After finalizing which platform to choose, the next step in buying WLD tokens is to register and create an account. Register using your details like username, email address, mobile number, and other prompted details. It just takes a couple of minutes to register on crypto exchanges.

Most of the crypto exchanges have both mobile applications and website interfaces. You can either register on the website or in a mobile application based on your preference. The next step is to verify your mobile number and email address by entering the codes you receive. Login to your account and enter other prompted details required to complete account creation.

The crypto industry is not yet fully matured and is sometimes prone to threats like online hacks and thefts. While reputed crypto exchanges do their best to offer best-possible security, as a user, it is also your responsibility to verify your identity.

The process of verifying your identity includes uploading government-issued identity cards like driving license or other IDs. Some exchanges also make it mandatory to verify your address with address proofs like electricity bills or other utility bills. Verifying your identity ensures that you comply with KYC and AML guidelines and can get complete access to the exchange platform’s features.

3. Deposit Funds

The only step left to buy Worldcoin tokens is having funds in your account. Check supported payment methods in your exchange platform. Most of the platforms allow you to deposit funds through bank transfers, credit card payments, debit card payments, online payment methods, and other third party payment providers.

Go to the main menu of your exchange platform and choose the “Deposit funds” or “Add funds” option. After selecting your preferred payment method, enter the amount you would like to deposit into your account. Check deposit and withdrawal fees beforehand so that you can enter the exact amount for depositing and for fees. Cross check the payment details and confirm the transaction to finally add funds into your account.

4. Buy Worldcoin (WLD)

The final step is to buy Worldcoin (WLD) tokens on your crypto exchange platform. If you would like to buy Worldcoin tokens on Binance, the platform suggests purchasing USDT tokens to make the process of buying WLD tokens smooth and seamless. When you buy USDT with your fiat funds, you can later exchange USDT with WLD tokens using USDT/WLD trading pair.

Or, you can also use your fiat deposit to directly buy Worldcoin tokens with it. Search for WLD ticker symbol on the search list of the platform and select it to proceed. As part of the next step, either enter the amount of funds you would like to spend or the number of WLD tokens you would like to buy. Cross-verify and confirm the transaction to finally buy Worldcoin tokens!

Top 2 Exchange Platforms to Buy Worldcoin (WLD) Tokens

While there are many crypto exchange platforms that help you buy Worldcoin tokens, the importance of choosing the best platform is undeniable. Binance, Coinbase, Bybit, OKX, and Upbit are the top 5 crypto exchanges ranked by trading volume as per CoinMarketCap.

However, Worldcoin tokens are not supported by Coinbase crypto exchange platform. However, you can use Coinbase wallet and buy WLD tokens. Let us look at the top 2 exchange platforms that help you buy Worldcoin tokens.

1. Binance

Binance is the largest crypto exchange platform by trading volume and it handles around $12 billion worth of transactions on a daily basis. Thus, Binance is the best platform when it comes to offer liquidity and it also has a promising history in terms of offering privacy and security. Another highlighted feature of Binance is low trading fees.

2. Bybit

Bybit is the next best crypto exchange platform to buy Worldcoin tokens after Binance. It handles over $2 billion worth of transactions in a day and is also known for advanced trading features like leveraged trading and derivatives trading. You can buy Worldcoin tokens by using USDT or USDC trading pairs on Bybit.