At Binance, new cryptocurrencies are frequently being evaluated and incorporated into their platform. However, if you’re interested in purchasing Doge Killer, which isn’t yet available on Binance, you can follow the instructions below.
The process involves connecting your crypto wallet to a decentralized exchange (DEX) and utilizing your Binance account to acquire the base currency needed for the purchase. This step-by-step guide will assist you in buying Doge Killer (Leash Coin).
What is Leash Coin?
Leash Coin is a relatively new cryptocurrency that has generated a lot of buzz in the crypto community. It was created in May 2021 as a companion token to the infamous Dogecoin, which had seen a massive surge in popularity and value due to the influence of high-profile celebrities such as Elon Musk.
Leash Coin was developed by anonymous developers who were inspired by the success of Dogecoin and wanted to create a cryptocurrency that would complement it. It is a fork of Dogecoin, meaning it uses the same codebase as Dogecoin but with some modifications to its parameters.
One of the key differences between Leash Coin and Dogecoin is that the former is a “deflationary” token, which means that its supply is limited and will decrease over time. This is achieved through a mechanism known as “token burning,” whereby a certain percentage of the token supply is destroyed with each transaction.
The total supply of Leash Coin is capped at 107,647 tokens, and around 20,000 tokens have already been burned at the time of writing. This means that the supply of Leash Coin will decrease over time, potentially driving up its value.
Another difference between Leash Coin and Dogecoin is that the former is designed to be more stable and less volatile than the latter. This is achieved through a mechanism known as a “price floor,” which ensures that the price of a Leash Coin will not fall below a certain level.
The price floor is set at 0.000001 BTC, which means that even if the market value of Leash Coin drops significantly, it will never be worth less than this amount. This makes Leash Coin a more attractive investment option for those looking for a less risky cryptocurrency.
Like Dogecoin, Leash Coin has a strong community of supporters and enthusiasts actively promoting the token on social media and other online platforms. The team behind Leash Coin has also been actively engaging with the community and providing regular updates on the development of the token.
LEASH is a token within the Shiba Inu (SHIB) ecosystem, which has earned the moniker “Doge Killer” due to its massive popularity. SHIB has become the second-largest canine-inspired coin in the crypto industry and aims to serve as the Ethereum (ETH)-based counterpart to Dogecoin’s Scrypt-based mining algorithm. Along with LEASH, another dog coin in the Shiba universe is Bone ShibaSwap (BONE), which can be traded on the ShibaSwap decentralized exchange (DEX).
In 2021, the crypto space witnessed a surge of dog-themed coins, including LEASH, BONE, and SHIB. Other examples include Baby Dogecoin (BabyDoge), Drunkdoge (DRUNK), JINDO INU (JIND), Alaska Inu (LAS), and Alaskan Malamute Token (LASM). These tokens have all generated considerable buzz within the crypto community and have become popular investment options for those looking to jump on the dog coin bandwagon.
As with any investment, it is important to research and understand the risks involved before investing in any cryptocurrency, including dog coins like LEASH, BONE, and SHIB. While these tokens may seem attractive due to their popularity and potential for high returns, they are also subject to market volatility and can be risky investments. As such, investing wisely and only what you can afford to lose is important.
Step By Step Guide To Buy Leash Coin
Choose Any Crypto Exchange:
Before you purchase any crypto, it is important that you first choose an exchange platform. The most popular and reputable exchanges for a wide variety of cryptocurrencies include Binance, Huobi, Kraken, and Gemini. You must provide precise details such as your real name and email address and other personal information such as your mobile phone number and address.
Register On Any Crypto Exchange:
Once you have chosen an exchange, you must register on the platform and verify your account by providing several pieces of personal information. This will require you to share sensitive information, such as your address and phone number, which hackers can use to steal money from you. You must ensure details in your account are correct before making any transactions.
Set up a cryptocurrency wallet:
You must also set up a cryptocurrency wallet to store your coins. You can store your coins on the exchange platform itself, but that goes against the whole point of cryptocurrency in the first place.
Cryptocurrency is all about decentralization, meaning you should ideally keep your coins in an offline wallet such as a hardware device or print out your private key and keep it safe. Before you can buy LEASH, you will need to have a cryptocurrency wallet to store your tokens. There are many wallets, including hardware, desktop, and mobile wallets. Choose a wallet compatible with the Ethereum blockchain, as LEASH is an ERC-20 token.
Buy Ethereum (ETH):
You can now buy Ethereum with a credit or debit card or through a bank transfer. Once you have purchased Ethereum, you must use it to purchase LEASH. You can follow the steps in our guide to buying Ethereum. Since LEASH is an ERC-20 token, you must first buy Ethereum (ETH) to trade for LEASH. You can purchase ETH on a cryptocurrency exchange or from a peer-to-peer marketplace.
Store Your LEASH (LEAsh Coins):
Keep your LEASH tokens in the wallet you purchased from the exchange platform and ensure they are secure, as they should be all stored in one wallet rather than in different addresses.
Transfer Cryptocurrency To Altcoin Exchange:
You can now transfer your LEASH tokens from the exchange platform you purchased them from to an altcoin exchange. You must sign up for the altcoin exchange and create an account.
You must then link your bank account or credit card to this platform and deposit your cryptocurrency tokens for LEASH. Once you have purchased LEASH, you can transfer them back to the wallet of origin, as they cannot be mined into existence and are in limited supply.
Transfer ETH to a decentralized exchange (DEX):
You can transfer your LEASH tokens from the exchange platform you purchased them on to a decentralized exchange (DEX). This will allow you to trade with other cryptocurrency community members and for other dog-themed coins such as BONE and SHIB.
LEASH is currently only available for trading on decentralized exchanges (DEXs), which are cryptocurrency exchanges that allow users to trade without a central authority. One popular DEX is Uniswap. To trade on Uniswap, you must connect your wallet to the exchange and transfer your ETH to the exchange.
Deposit Your Crypto:
Once you have transferred your LEASH tokens to a DEX, you must deposit them into your wallet. If you are using a hardware wallet such as Trezor or Ledger, simply connect the device to the computer and enter the seed phrase provided during setup. If you use a paper wallet, you must print out the private key and keep it secure.
You can now check that your coins are there by going through the verification process on the DEX platform. Upon registering with an altcoin exchange, you will gain access to exchange your cryptocurrency.
However, exchange policies may vary depending on your particular alt exchange. To deposit BTC into the exchange, you will receive a BTC address consisting of a string of random numbers within the exchange app. You can copy the address by clicking on “Copy Address” or by selecting the address and right-clicking to copy.
Trade ETH for LEASH:
Once you have transferred your ETH to the DEX, you can trade it for LEASH. Search for LEASH on the exchange and select the trading pair with ETH. You can then enter the amount of ETH you want to trade for LEASH and confirm the transaction.
Transfer LEASH to your wallet:
After you have purchased LEASH, you can transfer it to your cryptocurrency wallet for safekeeping. Simply withdraw the tokens from the DEX and send them to your wallet address.
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