Contents:

How to buy WLD?

By:
Elaine Kasher
| Editor:
|
Updated:
August 8, 2024
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6 min read

Cryptocurrencies are blowing up, and Worldcoin (WLD) is one of the latest to catch the eye of traders and investors. Here's a quick rundown on what Worldcoin is all about and the key details you need to know before diving in.

https://worldcoin.org/blog/announcements/introducing-worldcoin-alchemy-partnership

What’s Worldcoin?

Worldcoin is shaking things up in the crypto scene with a bold mission: to create the biggest identity and financial network on the planet. Unlike your run-of-the-mill cryptocurrencies, Worldcoin uses blockchain tech and biometrics—yep, iris scans—to make unique digital IDs. These IDs are tied to a blockchain hash, keeping your info safe and sound. The WLD token, which runs on the ERC-20 standard, is all about inclusivity. They’re handing out tokens to folks just for joining the network. Over two million people from five continents have already checked out Worldcoin's Orb during its pre-launch, showing its massive reach and potential.

Worldcoin Token Details

WLD isn’t just another digital coin. It’s a utility token with governance perks, giving holders a say in the project's future. The initial supply is capped at 10 billion WLD, with this cap holding for the first 15 years. After that, there might be a small inflation rate, maxing out at 1.5% per year.

WLD tokens are more than just digital cash. They give users power through governance and recurring grants for Orb-verified World IDs. By creating a unique digital identity, Worldcoin aims to change how we interact with cryptocurrencies and build a more inclusive financial world.

Next up, we’ll walk you through setting up a Worldcoin wallet, verifying your World ID, and buying WLD tokens. We’ll even give you a step-by-step guide to snagging WLD on top exchanges like Binance. This guide will arm you with everything you need to confidently dive into Worldcoin and maybe even benefit from its innovative approach to digital identity and financial inclusion.

Jumping into Worldcoin

https://worldcoin.org/worldcoin-token

Curious about the mix of biometrics and blockchain? Worldcoin (WLD) might just be your next big thing. Getting started with Worldcoin is pretty straightforward: set up a wallet and verify your World ID.

Setting Up Your Worldcoin Wallet

First things first, you need a wallet to hold and manage your Worldcoin (WLD). Download the World App, which is your ticket to the Worldcoin universe. This app lets you store, send, and receive WLD tokens effortlessly.

Here's how to get your wallet up and running:

  1. Download the World App: Grab it from your device's app store.
  2. Create an Account: Fill in the required info.
  3. Secure Your Wallet: Use a strong password and jot down those backup recovery phrases.

Keep those recovery phrases safe. Lose them, and you might lose access to your funds.

Verifying Your World ID

Worldcoin's magic lies in the World ID, a privacy-friendly identity network that uses zero-knowledge proofs to confirm you're unique without spilling your personal beans.

To get your Orb-verified World ID:

  1. Find an Orb: This is a physical device you'll need to visit.
  2. Iris Scan: Let the Orb scan your iris to create a unique digital ID.
  3. Link It Up: Connect this ID to a blockchain hash tied to your World App account.

Your World ID does a couple of cool things:

  • Uniqueness: Ensures you're the only you in the Worldcoin network, blocking fraud and duplicate accounts.
  • Free Tokens: Verified users can snag recurring grants of free WLD tokens. Plus, WLD tokens let you have a say in the protocol's future.

By following these steps, you're all set to dive into the Worldcoin scene. With your wallet ready and World ID verified, you're primed to grab WLD tokens and explore what this innovative project has to offer.

Buying Worldcoin (WLD)

If you're into crypto and want to mix things up in your portfolio, Worldcoin (WLD) might be your next move. Here's the lowdown on where to snag some WLD and a simple guide to get you started.

Best Places to Buy WLD

https://coinmarketcap.com/currencies/worldcoin-org/

First things first, you need a solid exchange. Check out these top picks for buying Worldcoin (WLD): Binance, KuCoin, HTX Global, Gate.io.

This info comes from Securities.io, which lists exchanges offering Worldcoin. Binance is a favorite for its fast and secure trading Binance.

How to Buy WLD: A Quick Guide

Buying Worldcoin is pretty straightforward and can take just 10 minutes. Here's how:

  1. Pick an Exchange: Choose one from the table above that suits your payment method and location.
  2. Sign Up: Create an account on your chosen exchange. You'll need an email and a strong password.
  3. Verify Your ID: Complete the KYC process by submitting a government-issued ID and sometimes proof of address.
  4. Set Up Payment: Link your payment method. Most exchanges accept credit/debit cards and bank transfers. Some also take crypto deposits.
  5. Deposit Funds: Add fiat currency (like USD, EUR) or cryptocurrency (like BTC) to your account.
  6. Buy WLD: Go to the WLD trading page, enter how much you want, and make the purchase.
  7. Secure Your WLD: Move your WLD to a personal wallet for extra security.

If you have an Orb-verified World ID, you might get free WLD tokens regularly CoinMarketCap. WLD isn't just a utility token; it also lets you have a say in the protocol's future.

When buying WLD, always use two-factor authentication and keep your wallet secure. Most WLD transactions happen on the Optimism network, so get to know how it works. Follow these steps and meet all exchange requirements to confidently add Worldcoin to your crypto stash.

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