Loading...
Loading...
Everybody is looking for wealth, now and if possible yesterday. Thus, cryptocurrency presales are a rare opportunity to make early bets on some potential crypto projects and hit it big. This article will lead you through a number of things that you should know about purchasing presale crypto, from understanding what a presale is to the exact steps you'll need to follow.
However, before we proceed with how to buy presale crypto there are a few things that we need to mention. For example, what do we mean when we speak about presale tokens (also known as presale coins)? In general, digital token presales provide new cryptocurrency projects with the opportunity to sell their project tokens even before they are available in the market for the general public. Therefore, this period is important for companies since they require starting capital as well as an initial support group in order to launch their product or service. Also, investors may invest a smaller amount of money during this period because the developers sell such tokens at a lower price than the official release date’s prices, which has much higher multipliers on their investments.
The first step in buying presale crypto is researching where to buy presale crypto. There are several platforms and websites that list upcoming cryptocurrency presales. Some reputable sources include ICO rating sites, crypto news websites, dedicated presale platforms, and curated presales list websites. Look for projects with a solid whitepaper, a clear plan, and a credible team behind them.
To participate in a presale, you’ll need a crypto wallet that supports the token you wish to buy. MetaMask and Trust Wallet are among the most popular options, as they support a wide range of token standards, including ERC-20, BEP-20, and more. Ensure your wallet is set up, secure, and has enough funds to purchase the presale coins.
Engage with the project's community by joining their social media channels, such as Telegram, Discord, or Twitter. This will keep you updated on presale announcements, changes, and other important information. Often, projects will release presale details to their community members first.
Many cryptocurrency presales require you to register beforehand. This process typically involves signing up on the project’s website or a launchpad and completing a Know Your Customer (KYC) process. KYC helps ensure that the project follows rules and that participants are legitimate.
Once the presale begins, follow the project’s instructions to purchase the presale tokens. Presales often take place on launchpads, which can be private to the project or part of a community platform. Follow the steps on the launchpad to complete your purchase. This usually involves sending your funds (often in Ethereum or Bitcoin) to a specified wallet address. Be sure to double-check all details, as transactions are typically irreversible. After your purchase, you will receive the presale coins in your wallet.
Alright, so you've just acquired some crypto during the presale period and now it’s about time to ensure they remain secure. You don’t want any potential hacks to interfere with your investment. So, what’s the move? Well, you would want to transfer your tokens to a hardware wallet or another very secure storage option. Once you do this, you’ll have those private keys of yours protected.
You’re not going to let anything pass by unnoticed, are you? Hence, always keep track of project updates and join their community. This is one way through which you can gain some valuable insights into how the project is going and probably somewhat predict where the price might be heading. When the project finally launches, you’ll have a better chance of deciding whether to hold on or sell them.
This can be a real game changer if you invest in presales of cryptocurrencies. At a discount rate, early bird investors get an opportunity to support some really promising projects that are on sale before anyone else does. But let us not forget that it comes with its own fair share of risks as well. So make sure you research appropriately and approach it cautiously. Following these steps on how to buy presale crypto will help prepare you for such an exciting venture.