Buy Energy Web Token (EWT) in India — Step by Step guide for beginners
How to Buy Energy Web Token (EWT)?
Energy Webchain is a project created by the Energy Web Foundation. Its goal is to bring energy diversity to the industry by allowing developers to develop decentralized applications.
What is an Energy Web Token (EWT)?
Energy Web Token is an operational token that is used in the Energy Web Chain. EWT is a cryptocurrency that is based on the original EWT protocol. Its goal is to provide a fast, highly scalable, and sustainable global cryptocurrency.
In June of this year, the Energy Web Chain was introduced. The non-profit organisation behind the project is the Energy Web Foundation. EWT seeks to diversify the energy business by enabling developers to construct decentralised applications (DApps). The virtual machine has the potential to assist actors in the energy sector across the board, including grid operators, software developers, and vendors.
The Energy Web Token is a utility token that safeguards the network against unauthorized transactions and helps pay for services that enhance dApps.
Key features of EWT Coin
There are various features that EWT coin offers. A few of them are:
- Wide use Cases: The Energy Web Chain is a foundation that aims to provide secure, reliable, and easy-to-use energy management solutions. Its robust features support various security measures.
- Customizable Dapps Creation: One of the main advantages of EWT is that it allows enterprises to create decentralized apps that are entirely customized. Due to its nature, it is also compatible with other blockchains.
- Smooth transaction handling: When creating the Energy Webchain, GSy and RMI wanted to develop a blockchain solution that could serve as a gateway to the energy sector.
EWT can handle higher transactions volumes because of its frequent block generation ability, which helps the users and merchants to receive quicker confirmation times.
How to buy Energy Web Token (EWT)?
You can buy Energy Web Token (EWT) in India from several different exchanges but a trusted firm like BuyUcoin is important. With BuyUcoin you can trade EWT in India along with 130+ cryptocurrencies in INR and USDT pairs.
Buy Energy Web Token (EWT) in India — Step by Step Guide For Beginners
Step 1 : Create Digital Wallet
To get started, you’ll need to create a digital wallet. A digital wallet stores all of your cryptocurrencies and uses blockchain technology to communicate with other users. Before deciding where to invest your money, conduct extensive research. BuyUCoin is now one of the most popular and fastest-growing digital wallets on the market.
Step 2: Create a User Account
Visit the BuyUCoin website to sign up/register and create a service account.Open a crypto-trading account by selecting your country and accepting the terms and conditions.
Step 3: Complete the KYC
KYC is required in the Indian jurisdiction.Your data is encrypted and only kept in Indian data centres, so it is safe. You will be redirected to another URL to finish your KYC. It is necessary to upload a photo of your pan card. The mobile number associated with your Aadhaar must be entered.
Step 4: Enable Two Factor Authentication
To add two-factor authentication to your account, download the Authenticator app. If enabled, you will be required to enter a 6-digit one-time password in addition to your email address and password each time you log in to your account.
Step 5: Fill in the bank information
Enter the required information, such as your name and credentials, the account holder’s name, and the IFSC code.
Trade EWT Coin
To buy or sell EWT coins, you’ll need to register for an account with a Cryptocurrency exchange. EWT coins can be purchased on various crypto exchanges and converted into just about any other kind of cryptocurrency.
You can store your private key in your wallet after you buy an EWT coin.To keep track of your EWT transactions, you can use the EWT coin wallet app, which is available for free download from the Google Play store.Traditional (fiat) currencies can be exchanged for cryptocurrencies and vice versa.
Can I Use Regular Money to Buy EWT Coin?
Yes, EWT coins can be purchased with regular currency, such as EWT-INR in India and stored in your wallet. Using India’s leading cryptocurrency exchange BuyUcoin, you can trade desired cryptocurrencies with just a single tap and pay least transaction fees.
Getting an EWT Coin Wallet
A multi-currency crypto wallet like BuyUcoin allows you to store EWT coins with high levels of security and in cold storage. A confirmation email will be sent to you once the EWT coins have been delivered to your wallet. When you reload the BuyUcoin wallet, the EWT coin will appear in your digital wallet.
EWT Coin is traded on several different exchanges. Simple to use, the Energy Web Token app does everything for you. The user can also create a wallet on the Energy Web — Energy Web website. Using BuyUcoin, users can send money to anyone else faster by simply using their EWT wallet username.
EWT Coin Exchanges
In addition, EWT can be purchased and sold on a variety of well-known and well-respected platforms and many other exchanges, including BuyUCoin and others.
A user-friendly interface and standard trading features are available with BuyUCoin. Furthermore, the platform also provides advanced charts for more experienced traders.
In addition to EWT Coin, BuyUCoin also offers a wide variety of other cryptocurrencies.To keep track of your EWT transactions, you can use the Buy coin wallet app, which is available for free download from the Google Play store.You can also use the mobile app to send EWT coins to other users for trading, and it’s completely free and straightforward to use.
Based on EWT Coin’s performance, the Coin value could rise by the very end of 2021 to 10 dollars by 2021, reaching 14 dollars by 2022 and at a medium price of 23 dollars by 2025. Relying on the data, the EWT coin can be depicted as a profitable long-term investment.
*This article is for informational purposes only; before making any investment decisions, consult with your financial advisor. *
Buy Energy Web Token (EWT) in India — Step by Step guide for beginners was originally published in BuyUcoin Talks on Medium, where people are continuing the conversation by highlighting and responding to this story.
Original author: Devendra Singh Khati
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