Buy ANC 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 Anchor Protocol – Full Step-By-Step Walkthrough\u00a0<\/b><\/span><\/h2>\nThe quickfire guide above on how to buy Anchor Protocol may have given you an idea of what the process is like. However, you will need a more comprehensive guide if you have never used a DEX or bought Defi coin before.\u00a0<\/span><\/p>\nBelow, we have provided sufficient instructions on how to buy Anchor Protocol.\u00a0<\/span><\/p>\nStep 1: Download Trust Wallet\u00a0<\/b><\/span><\/h3>\nEvery cryptocurrency holder needs a wallet. If you get Trust Wallet, you can purchase your Anchor Protocol tokens and store them conveniently. Trust Wallet is also very suitable for connecting to a DEX like Pancakeswap.\u00a0 <\/span><\/p>\n\n- You can download the wallet from the App or Google Play Store and set it up within seconds. <\/span><\/li>\n
- However, be extra conscious of the password you choose, as it is one of the barricades between you and cryptocurrency hackers. <\/span><\/li>\n
- Trust Wallet will also give you a unique 12-word passphrase that you should write down and safeguard. <\/span><\/li>\n<\/ul>\n
You can use the passphrase to access your wallet if you forget your password or misplace your device.<\/span><\/p>\n
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Trust Wallet also has additional perks, such as its impressive user interface. If you have never used a cryptocurrency wallet before, you will certainly have no difficulty navigating Trust Wallet. <\/span><\/p>\nIt is also very secure and has an excellent reputation, which explains why it enjoys the support of Binance, one of the world’s top cryptocurrency trading platforms.\u00a0<\/span><\/p>\nStep 2: Deposit Cryptocurrency In Your Wallet\u00a0<\/b><\/span><\/h3>\nThe next step is to put some digital currencies in your Trust Wallet, as you cannot buy tokens without them. You can opt for one of these two ways of transferring cryptocurrency tokens into your wallet.<\/span><\/p>\nTransfer Cryptocurrency From Another Wallet\u00a0<\/b><\/span><\/h4>\nIf you have previously dabbled in cryptocurrency, then you may have some tokens in another wallet. You can transfer some of them to your Trust Wallet, but it will be best if they are renowned tokens like Binance Coin, Ethereum, or Bitcoin.\u00a0<\/span><\/p>\n\n- Open your Trust Wallet to copy your receiving address. It is a unique cryptocurrency address that Trust Wallet gives you if you want to transfer some tokens from another source.\u00a0<\/span><\/li>\n
- You can then open your other wallet and paste the address you copied in the \u2018Send\u2019 section. Ensure you also choose the number of tokens you want to transfer.\u00a0<\/span><\/li>\n
- Finally, complete the exchange.\u00a0<\/span><\/li>\n<\/ul>\n
You will receive your newly transferred cryptocurrency tokens in about 10 to 20 minutes.\u00a0\u00a0<\/span><\/p>\nBuy Cryptocurrency From Trust Wallet<\/b><\/span><\/h4>\nAlternatively, you can buy cryptocurrency from Trust Wallet with your credit\/debit card. However, you must first verify your identity by completing the Know Your Customer (KYC) process. <\/span><\/p>\nIt entails entering your personal details into the app and subsequently providing a legal identity card like your passport or driver\u2019s license.\u00a0<\/span><\/p>\nThen you can buy cryptocurrency by following the short guide below.\u00a0<\/span><\/p>\n\n- Look out for ‘Buy’ at the top-right edge of the Trust Wallet page. <\/span>Trust Wallet will display all the tokens you can purchase with your credit or debit card.\u00a0<\/span><\/li>\n
- You can choose any cryptocurrency, but we recommend a highly liquid one like BNB, Bitcoin, or Ethereum. In addition, since Anchor Protocol is built on the Terra blockchain, you may also purchase LUNA tokens.\u00a0<\/span><\/li>\n
- Next, type in the quantity you want.\u00a0<\/span><\/li>\n
- To complete the transaction, enter your card information into the Trust Wallet and confirm your trade.\u00a0<\/span><\/li>\n<\/ul>\n
As you are buying directly from Trust Wallet, you will see the tokens you have just purchased within a few seconds.\u00a0<\/span><\/p>\nStep 3: How to Buy Anchor Protocol\u00a0<\/b><\/span><\/h3>\nNow, you can purchase all the Anchor Protocol tokens you want. But first, if you haven’t connected to Pancakeswap yet, you need to do that.\u00a0<\/span><\/p>\n
<\/span><\/p>\nThen, you can buy your tokens by following these steps:<\/span><\/p>\n\n- First, click on ‘DEX’ located on the Pancakeswap page, and subsequently choose ‘Swap.’<\/span><\/li>\n
- Pancakeswap will display a \u2018You Pay\u2019 section on this page, and you can choose the tokens you purchased with your card or sent from your other wallet.\u00a0<\/span><\/li>\n
- Then, head to the \u2018You Get\u2019 tab, choose Anchor Protocol, and the number of tokens you want.\u00a0<\/span><\/li>\n
- Pancakeswap will show you the number of ACN tokens you can purchase, and it derives this quantity from the coins you bought or sent earlier.\u00a0\u00a0<\/span><\/li>\n
- To complete your exchange, hit ‘Swap.’<\/span><\/li>\n<\/ul>\n
Trust Wallet will immediately reflect that you have successfully purchased some Anchor Protocol tokens. Of course, you can also sell them with Pancakeswap by applying a similar process, but we will elaborate on that in the next section.\u00a0<\/span><\/p>\nStep 4: How to Sell Anchor Protocol\u00a0<\/b><\/span><\/h3>\nJust as you are equipping yourself with how to buy Anchor Protocol, learning to sell the tokens is an important method to complete the process. This is the only way you can realize the profits you have made.\u00a0<\/span><\/p>\nThere are two ways to go about it, and your trading goal determines what one you opt for.\u00a0<\/span><\/p>\nSwap Them Via Pancakeswap\u00a0<\/b><\/span><\/h4>\nOne of the benefits of using Pancakeswap is that the DEX lets you execute a complete trade. For instance, you can both buy and sell the tokens available on it seamlessly. So, you can swap your Anchor Protocol tokens for another cryptocurrency of greater or lower value.\u00a0<\/span><\/p>\nThe process is pretty similar to buying, but you will input Anchor Protocol in the ‘You Pay’ section and your new choice of cryptocurrency in ‘You Get.\u2019<\/span><\/p>\nSell Them for Fiat Money\u00a0<\/b><\/span><\/h4>\nAlternatively, you can sell your Anchor Protocol tokens for fiat money. However, you have to use a centralized cryptocurrency trading platform to complete this trade. <\/span><\/p>\n\n- Fortunately, Binance and Trust Wallet have a long-standing relationship that lets you move your Anchor Protocol tokens with ease.\u00a0<\/span><\/li>\n
- Binance requires you to complete a KYC process before selling your tokens for fiat money, and it is a simple procedure you can finalize in minutes. <\/span><\/li>\n<\/ul>\n
Then, you can sell your Anchor Protocol tokens for real-world cash and withdraw the funds to your bank account.\u00a0<\/span><\/p>\nWhere Can You Buy Anchor Protocol Tokens Online?<\/b><\/span><\/h2>\n