How to buy SWEAT coins? Full tutorial from registration to transaction

How to buy SWEAT coins? Full tutorial from registration to transaction

SWEAT Coin (SWEAT) is a cryptocurrency issued by the Sweatcoin platform that is earned through health and exercise activities. With the rise of cryptocurrencies, SWEAT Coin has become a popular choice for many investors and sports enthusiasts. This article will provide a comprehensive guide for users in Taiwan, starting from registering for a Sweatcoin account to buying and trading SWEAT coins on the exchange. This article will take you step by step through the process of purchasing SWEAT coins and ensure that you can start trading cryptocurrencies smoothly.

Step 1: Register for a Sweatcoin Account

To buy SWEAT coins, you need to register an account on the Sweatcoin platform, an app that uses steps to earn coins, and the registration process is very simple.

1. Download the Sweatcoin application
Go to the App Store or Google Play Store, search for and download the Sweatcoin app. This is the only platform available to get SWEATcoin.

2. Registered Accounts
After opening the Sweatcoin app, click on the Register option. You can register using your cell phone number, email or social media account. Once you've registered, you'll be asked to set up a password and personal information to keep your account secure.

3. Set up personal information and start earning Sweatcoin
Upon successful registration, the app will accumulate Sweatcoin based on your steps, which is the basis for earning SWEAT Coins. By starting to walk and allowing the app to record your steps, the accumulated Sweatcoins will be converted into SWEAT Coins, which can be exchanged or traded within the platform.

Step 2: Choosing the right exchange

After you have acquired a certain amount of SWEAT coins, the next step is to choose a cryptocurrency exchange that supports SWEAT coin trading. When choosing an exchange, it is important to consider a number of factors such as the security of the platform, liquidity, and fees.

1. Exchanges that support SWEAT currencies
Currently, major cryptocurrency exchanges such as OKX and Binance support SWEAT Coin trading. These exchanges offer easy-to-use interfaces and a variety of payment options, making them suitable for novice users.

2. registered exchange accounts
After choosing an exchange that supports SWEAT Coin, you will need to register an account on that platform. Usually, the registration process requires authentication information such as ID, phone number, email, etc. and a secure password.

3. to carry out security setups
To protect your account, it is recommended to enable double authentication (2FA), which adds an extra layer of security even if your password is compromised.

Step 3: Transfer SWEAT Coin from Sweatcoin to Exchange

After registering and setting up your exchange account, you will need to transfer SWEAT coins from the Sweatcoin platform to the exchange. This is a process that involves blockchain transfers and should be done with caution.

1. Confirmation of the address of the Exchange
Go to the exchange and look for the SWEAT deposit address. The deposit address will be different for each exchange and you will need to copy it in order to make transfers within the Sweatcoin platform.

2. Extraction of SWEAT coins in Sweatcoin
Open the Sweatcoin app and go to your wallet or SWEAT coin withdrawal page. Paste the exchange address you just copied into the withdrawal screen and confirm the number of transfers.

3. Submission and confirmation of transactions
After completing the input, confirm the fees associated with the withdrawal and the transfer time. Depending on the network conditions, the transfer of SWEAT coins may take some time to complete. It usually takes a few minutes to a few hours to complete, depending on the congestion of the exchange and the blockchain network.

Step 4: Buy SWEAT Coins on the Exchange

After you have successfully transferred SWEAT coins to the exchange, you can perform trading operations, convert them to other currencies, or hold them directly.

1. Find SWEAT currency trading pairs
Search for SWEAT Coin on an exchange and there will be pairs with Bitcoin (BTC), Ethereum (ETH), or a stablecoin (e.g. USDT). Select the appropriate pair to trade.

2. set up buy conditions
Depending on the quantity and price you wish to purchase, set the buy conditions accordingly. If you wish to buy at the market price, you can select a market order. If you wish to buy at a specific price, you can set a limit order.

3. Completion of transactions
When the market price reaches your predefined conditions, the trade will be executed automatically. If you are using a market order, the trade will be completed immediately.

Step 5: Withdraw SWEAT Coins to Personal Wallet

After you have successfully purchased SWEAT Coins on the Exchange, you can withdraw them to your personal cold wallet or hot wallet for security purposes.

1. set wallet address
Choose a wallet that supports SWEAT coins, such as Trust Wallet, MetaMask, etc., and set the receiving address.

2. Extraction of the SWEAT currency
Find the SWEAT Coin Withdrawal function on the exchange and enter your wallet address and withdrawal amount. There is usually a small handling fee and it will take some time to complete the transaction.

3. Waiting for confirmation
Once the withdrawal is complete, you can check the balance of your SWEAT Coins in your wallet. Ensure that your SWEAT coins have been successfully credited and are safely stored under your control.

Step 6: Trade SWEAT Coins or Hold for the Long Term

After purchasing SWEAT coins and depositing them in your wallet, you can choose to handle them in one of two ways: trade them or hold them for the long term.

1. Transactions in progress
You can exchange SWEAT coins with other cryptocurrencies or sell them for fiat currencies. This process can be done through an exchange and operates similarly to other cryptocurrency transactions.

2. Long-term holdings
If you think the SWEAT Coin has the potential to increase in value in the future, you can choose to hold on to it for the long term and keep it in a cold wallet for safety.

Conclusion

Buying SWEAT Coin is not an overly difficult process, just follow the right steps and choose the right trading platform to start your cryptocurrency investing journey with ease. From signing up for a Sweatcoin account to choosing an exchange, transferring and trading, you will need some basic blockchain knowledge and cryptocurrency experience. If you are still new to cryptocurrency trading, it is advisable to familiarize yourself with the platform's operations and stay tuned to the market for good risk management.