Waves is an open-source blockchain platform that allows to create custom tokens with the purpose of linking distributed ledger technology with the traditional financial sector. You can perform Waves exchange on our website, BestRate.org. It’s designed specifically for financial institutions and allows them to create fiat-backed tokens and maintain compliance corresponding to their own jurisdiction.
There are no withdrawal limits for Waves. The network members can exchange this digital currency with each other as quickly as on a centralised exchange eliminating the risk of losing money. The commission is small and fixed. The network speed is quite high allowing to make hundreds of transactions per second.
In order to exchange Bitcoin to Waves, you need to set up a wallet for both of these currencies first.
For Waves, download the wallet from their official website:
For Bitcoin, we recommend to use the wallet named Jaxx.
Set up Jaxx wallet on your PC
1. First, you need to install the Jaxx application on your PC. You can do it by the link below:
2. If you have multiple alternative currencies select the custom wallet:
3. Select the virtual currencies you possess:
4. Select the fiat currencies you possess:
5. On the next step, Jaxx will ask you if you want to backup your wallet. Agree, as this is very important in terms of security of your digital funds.
6. Jaxx will generate a mix of 12 words that are not related with each other, which makes it really difficult to remember. Write down this word set somewhere in a paper notebook or any other item that can’t be hacked via internet.
7. Type this word mix on the next step:
8. Then Jaxx will ask you if you want to set up a security PIN. Agree and proceed to the next step. Set up your 4-digit PIN-code and verify it:
That’s it, now you have a Jaxx wallet on your PC.
How to exchanges BTC to WAVES
If you want to buy Waves digital currency using some other currency you own, first select the currency you have and put in the amount.
Select the Waves price rate that works best for you.
Type your Waves wallet address.
After that bestrate.org will generate the address for you. Copy this address.
Then you will see that the transaction was created, its status will be displayed on your screen.
How to sell Waves
If you want to sell Waves and buy another type of cryptocoin, first select the currency you want to buy and put in the amount. Then repeat all the steps described above.
BestRate.io provides you with the best Waves exchange rates so that you could maximize your profits.
What is Waves
Waves crypto platform is an open-source project launched in June 2016. The key feature of the platform is the ability to create custom tokens. Waves project also launched decentralized exchange platform to supply instant trading with more security than global exchanges do.
Waves was founded by the Russian physicist Alexandr Ivanov. Nowadays the development team consists of many programmers from different locations all around the world.
Waves coin was created as a token for the whole waves platform, allowing users to create smart-contracts and launch their own projects.
Advantages of using Waves
Decentralized marketplace (DEX)
Waves crypto project developers have created the decentralized marketplace where you can trade altcoins or Ethereum and Bitcoin securely. This exchange is made to be secure, because there is no server, that can be hacked. This decentralized exchange is called DEX.
Smart contracts on the Waves platform are much easier then on Ethereum. They are non-Turing, but still made safe. Development team is looking forward to launch Turing complete smart contracts capability in Q4 2018.
You can easily make your own cryptocurrency or token, using Waves project. It requires only 1 WAVES token to launch it. You can set up this token as you want it to be. This can be a great feature for crowdfunding and ICOs.
You can buy WAVES or any tokens issued on the platform using EUR/USD/CNY or exchange any token into BTC/ETH and exchange it for real money. This makes DEX a really great platform for traders and investors and sets up the connection between cryptoworld and the real businesses.
WAVES is a token of Waves project, so it can be also called cryptoasset. This means that it is a cryptographically secure coin, that can be bought and sold as any other asset in the world.
Waves developers have created their own Exchange platform, DEX. This is a place, where you can buy and sell any coins.
In terms of Waves network, Node is a special computer, logged in to the mining pool, that has the full copy of the blockchain.
As every coin, WAVES has its own market capitalisation, measured in USD.
WAVES investment strategy
There are lots of strategies to invest in WAVES. Everyone can select exactly what he or she is up to. Long-term savings can be a good strategy leading to prosperous future. Otherwise, the more risky will be to buy and sell WAVES in order to have short term profits.
The easiest strategy is to buy and keep your WAVES for a while. You can buy WAVES and watch it grow, as the community progresses. When it grows and you would like to fix the profits, you can easily switch WAVES to fiat money or other coins you like via BestRate.org.
Where to keep WAVES
There are not so many wallets to keep your WAVES coins. There are solutions for almost every platform. But there are no cold hardware wallets supporting WAVES.
There is a special wallet for your WAVES, created by Waves development team. It is available on Android or iOS device and you can buy waves coins, sell them or store in this app.
Waves Lite App is a Google Chrome extension for keeping your WAVES coins. There is also Waveswallet, that is available online. They also have full support of all the necessary operations.
For the desktop users, there is a WavesGUI wallet. It is in beta now, but you can download it from GitHub and test yourself.
How to transfer WAVES securely
As any crypto payment is a peer-to-peer money transferring, one should be extremely careful. In every cryptocurrency transaction you are the Bank for yourself. There are some tips that will help you to transfer WAVES safe.
Never type a wallet address manually
Always use only copy-paste operation to enter a wallet address. Any mistake can cause an error and let your money get lost in the network.
Look up the transaction fee
Any good wallet or an exchange platform will show you the transaction fee for your money transfer. Look for it anytime you send WAVES to anyone.
Double check the address
Make sure that the address of the recipient is correct and check it several times before sending off the sum, especially if you transfer big amounts of WAVES at a time.
Test before sending
Anytime you send huge amount of WAVES check the whole procedure on a small amount. When you will be sure that your partner received the money, do the same thing with the rest of the asset.