Buy AMP Now<\/span><\/a><\/div>\nAlways consider the risks involved when buying cryptocurrencies. Digital assets are highly speculative and volatile.\u00a0<\/i><\/p>\nHow to Buy AMP \u2013 Full Step-by-Step Walkthrough<\/b><\/span><\/h2>\nOur quickfire walkthrough will do precisely as the title implies; provide a concise, straightforward guide on how to buy AMP. However, beginners may not appreciate this conciseness as it may leave some questions unanswered. <\/span><\/p>\nTherefore, we will attempt to answer those questions comprehensively in this more detailed walkthrough of how to buy AMP tokens.<\/span><\/p>\nStep 1: Download Trust Wallet<\/b><\/span><\/h3>\nThe first step is pretty simple; you have to download a wallet. A wallet is central to the transactions you will be performing, and any investment in the cryptocurrency market requires you to have one. <\/span><\/p>\nThe option we recommend for you is the Trust Wallet app. Trust Wallet is the leading option in the market and has admirable features to show for that position.<\/span><\/p>\n
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Download the Trust Wallet app on Google Play Store or Appstore and install it on your device. Then, open the app and follow the guide to set up your wallet. Setting up your wallet will require you to create a strong PIN and generate a 12-word passphrase. You can use this passphrase to retrieve your wallet in case of a loss.<\/span><\/p>\nStep 2: Add Cryptocurrency Asset to Your Trust Wallet<\/b><\/span><\/h3>\nAfter setting up your Trust Wallet, you need to fund it. To fund a digital wallet, you need to add cryptocurrency assets such as BTC, ETH, and others based on your choice. The reason for doing this is because you cannot buy AMP directly with fiat money. You can only buy it through a crypto-to-crypto exchange.<\/span><\/p>\nThis concept means that you have to buy the AMP token using another cryptocurrency. To do this, established cryptocurrencies such as BTC, ETH, BNB, and so on are your best options. However, there are two ways to add these coins to your wallet, and we will explain them below:<\/span><\/p>\nSend Cryptocurrency from an External Wallet<\/b><\/span><\/h4>\nYou can add assets to your Trust Wallet by sending them from an external source. This method will only work if you have another wallet that already has cryptocurrencies in it. If you do, follow this simple guide to send some of those cryptocurrencies to your Trust Wallet.<\/span><\/p>\n\n- Start by clicking on ‘Receive’ on Trust Wallet.<\/span><\/li>\n
- Select the asset you intend to transfer to your Trust Wallet.<\/span><\/li>\n
- The wallet will generate a unique address which you have to copy.<\/span><\/li>\n
- Go to the other wallet and paste the copied address.<\/span><\/li>\n
- Insert the amount of cryptocurrency you wish to transfer.<\/span><\/li>\n<\/ul>\n
Confirm the transaction, and you will get your coins in your Trust Wallet within a short time.<\/span><\/p>\nBuy Cryptocurrency Using Credit\/Debit Card<\/b><\/span><\/h4>\nBuying cryptocurrency using your credit\/debit card is the second option available for investors looking to purchase AMP. You can take this method if you do not have another wallet to transfer funds from. To know how to buy AMP using a credit\/debit card, pay attention to the steps mentioned below.<\/span><\/p>\n\n- Open your Trust Wallet and click on ‘Buy.’<\/span><\/li>\n
- Choose an established coin such as BTC or ETH to buy.<\/span><\/li>\n
- You will have to undertake a Know Your Customer process. The KYC process is used to verify your identity so you can trade comfortably on the platform.<\/span><\/li>\n
- To complete the KYC procedure, you need to upload a copy of a government-issued ID.<\/span><\/li>\n
- Once the KYC process is done, enter the coin amount you wish to buy and confirm.<\/span><\/li>\n<\/ul>\n
You will now see your newly purchased coins in your Trust Wallet.<\/span><\/p>\nStep 3: How to Buy AMP Through Pancakeswap<\/b><\/span><\/h3>\nAfter funding your wallet with the cryptocurrency of your choice, the next step is to connect to Pancakeswap. Pancakeswap is a DEX where you can exchange your established coins for AMP tokens. Being a DEX, the exchange is highly suitable for decentralized finance coins. <\/span><\/p>\nKnow how to buy AMP through Pancakeswap by following the straightforward guidelines below.<\/span><\/p>\n
<\/span><\/p>\n\n- Connect to Pancakeswap and select ‘DEX.’<\/span><\/li>\n
- Select \u2018Swap\u2019 and follow it up by clicking on ‘You Pay.’ In this category, select the coin you want to pay with and the amount.<\/span><\/li>\n
- Under the \u2018You Get\u2019 section, pick AMP from the options given in the drop-down box. It will display the swapping rates between the coin you own and AMP.<\/span><\/li>\n
- Click on \u2018Swap\u2019 and confirm the transaction.<\/span><\/li>\n<\/ul>\n
You will receive your AMP tokens in your wallet shortly after.<\/span><\/p>\nStep 4: How to Sell AMP<\/b><\/span><\/h3>\nIf you are just learning how to buy AMP, you may also want to understand the selling procedure. When you are ready to offload your AMP tokens, there are two main ways to go about it. <\/span><\/p>\nYou can exchange your AMP for another cryptocurrency asset or sell it for fiat money.<\/span><\/p>\n\n- If you want to exchange your AMP for another cryptocurrency, the process you will follow is similar to step 3. There are only slight changes to be made. Under the section for\u00a0 \u2018You Pay,’ pick AMP, and concerning ‘You Get,’ select the new cryptocurrency you want to buy. Basically, the buying process is reversed.<\/span><\/li>\n
- The other way is to sell for fiat money. For this, you need a centralized exchange such as Binance. Since Binance is integrated with Trust Wallet, the cryptocurrency giant is known for its compatibility with plenty of cryptocurrency assets, including Defi coin such as AMP. However, to sell your AMP tokens for fiat money on Binance, the process is more stringent, and you have to go through a KYC process.<\/span><\/li>\n<\/ul>\n
After taking all the necessary steps, you can sell your AMP on the exchange platform for fiat money. Then, you can transfer this money into your bank account.<\/span><\/p>\nWhere Can You Buy AMP Online?<\/b><\/span><\/h2>\nAMP has an ample supply and continues to grow in market cap, meaning that it is available on many cryptocurrency platforms. As such, you can buy AMP online through centralized and<\/em> decentralized exchanges. <\/span><\/p>\nThe core difference between these two systems is that decentralized exchanges offer more control over your trades. Pancakeswap is one of the best decentralized exchanges you can use – and here’s why:<\/span><\/p>\nPancakeswap \u2013 Buy AMP Through a Decentralized Exchange<\/b><\/span><\/h3>\n
<\/span><\/b><\/h3>\nPancakeswap is a DEX that leverages the growing trends in decentralized financial market investments. Being a DEX, the main feature of Pancakeswap is that it allows you to buy, sell, swap, and trade generally without the need for an intermediary – as is the case at centralized platforms. <\/span><\/p>\nThis makes for swift transactions and more convenience. <\/span>In addition, Pancakeswap is an automated market maker (AMM). The unique proposition of AMMs is that the markets are automated, meaning you are not pitched against another investor, rather against the system. Trading against the system means that you stake your assets in a liquidity pool that contains funds from other investors.<\/span><\/p>\n
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Funds in the liquidity pool are used for trading and the profits are shared amongst the investors who have staked accordingly. By staking in the Pancakeswap liquidity pool, you will be awarded some tokens. These tokens will be used later to claim your funds and profits from the liquidity provided.<\/span><\/p>\nWhile the liquidity pool is a major attraction, some other features and benefits make Pancakeswap compete favorably with other DEX\u2019s in the market. Some of the features include the farm, prediction pool, and lottery, where investors can gain extra income. Pancakeswap tops it all with a fast execution time frame and low transaction charges.<\/span><\/p>\nPros:<\/b>
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\n- <\/i> Exchange digital currencies in a decentralized manner<\/li>\n
- <\/i> No requirement to use a third party when buying and selling cryptocurrency<\/li>\n
- <\/i> Supports a sizable number of digital tokens<\/li>\n