While the first step to investing in a cryptocurrency (or anything) is research, the next step is to know the steps to invest. Once you’ve found a cryptocurrency that is good on your terms and has passed your initial analysis, you can move to the next step, which is to invest in that coin. But, of course, you must know the right procedure to invest in your select coin in a safe & efficient way while avoiding fraudulent actors.
If the coin you want to invest in is the Libra Coin, you’ll find here everything you need to know about the best way to invest in this next-gen cryptocurrency.
But, first things first.
What is Libra Coin?
Libra Coin is a cryptocurrency that acts as the native coin for the Libra Ecosystem. To understand the purpose and possible utilities of the Libra Coin, one must understand the Libra Ecosystem.
So, Libra is a one-of-its-kind blockchain platform designed specifically for e-commerce and small businesses. What it does is it allows e-commerce operators & businesses to accept payments from their clients globally and in a highly secure manner. Like any other blockchain, the Libra payment system works through smart contracts and there are no middlemen. This kind of e-commerce system is more efficient in terms of improved security and reduced cost.
Libra Coin as the native coin of the Libra Ecosystem can be used for payments across merchants and businesses that use this platform.
Why should you invest in Libra Coin?
The Libra ecosystem aims to revolutionise the e-commerce industry by removing the challenges like complex payment process, lack of security, fraudulent actors, need for middlemen, etc. and replace it with a blockchain-based e-commerce system that’s more efficient, secure and cost-effective and supports multiple payment modes.
The holders and investors of the Libra Coin get direct access to all the existing and future services/features of the Libra Ecosystem. Also, they can trade the coin on top exchanges for significant profits.
Now, let’s come to the point.
What is the best way to buy Libra Coin?
You can buy the Libra Coin either from the official website or from any of the exchanges where the coin has been listed (or will be listed in the future). The process is almost the same. Here you go.
1. Register with the exchange
The first step, of course, is to sign up with the platform through which you want to purchase the Libra coin.
To buy from the website, visit https://libraecosystem.com and click the Sign Up button on the homepage.
To buy from an exchange like the Vindax exchange platform, visit https://vindax.com/exchange-base.html?symbol=LC_ETH and click on the Register option at the top.
The remaining process is the same, where you need to sign up and then log in to the website.
2. Load Money Into Wallet
Once you log into your website/exchange account, go to the dashboard and look for funds. You should currently have zero funds. To make a successful purchase, you must add funds (ETH) in your exchange wallet. You can transfer ETH directly from any other wallet to this wallet using QR or your unique address.
3. Make the Purchase
Once you have sufficient funds in your Libra/Vindax wallet, you can proceed to make the payment and buy the number of Libra Coins you want.
The coins will be credited to your wallet instantly, which you can then transfer to any other digital wallet. Alternatively, you can hold and trade your LC (libra coin) directly from the exchange wallet, as it is completely secure.
Find out more about the Libra Coin at https://libraecosystem.com/