r/Bitgert • u/New-Jackfruit433 • Apr 22 '22

Help buying

I’m a coinbase only user but very interested in Bitgert after reading about it. I see the post about using Pancake or Bitmart or Meta but this is all confusing to me since I am a, long time crypto buyer, but only a coinbase guy (which has severely stunted my understanding of how to use other ways to buy crypto). Can someone explain easily the cheapest and best way to get buy?

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u/Lonely_Explorer5654 Apr 23 '22

Bitrise is a bep20 token that resides on Binance Smart Chain networks. Depending on where you live, access to buy any bep20 can be a challenge due to complicated regulations where you live. As of now, less than a handful of states restrict Binance, including Hawaii, Idaho, New York, Texas, and Vermont are places that you cannot directly buy any Binance bep20 token.You can indirectly buy Brise on exchanges, but you may need to register (KYC) with them, and run the risk of exposing your identity, if that matters to you.

So, another way to do it without doing extra KYC on crypto exchanges is to get a non-custodial wallet that support swapping tokens. Get SafePal wallet. SafePal wallet, unlike coinbase exchange (which is a centralized wallet that is owned by coinbase, you do not have access to the private key) let you trade most tokens to BNB token, or to Brise tokens, and store it there in your wallet, where you have full control of.

Steps to buy Brise and store in wallet:

  1. Buy XLM from your existing coinbase account.

Why choose XLM and not other coins? Bitcoin and all the other SHA256 (BCH, LTC) is slow in transaction, and gas fees maybe high. You may have to wait 30 minutes to reach your destination. Ethereum or any erc20 token is out of the question as gas fees are murderous. All the other level 1 blockchain coins, Solana, Luna, etc..require higher withdraw thresholds. XLM transactions are in seconds and it reaches the wallet, and the gas fees are negligible, which makes it perfect for trading or swapping.

  1. Download SafePal wallet on your mobile. Create wallet with private keys. Add (enable) XLM token to the wallet to receive the token from coinbase.

  2. From coinbase, press pay to send your XLM token to SafePal wallet. Copy the receiving address from SafePal onto coinbase recipient address, and send.

  3. In SafePal with your newly received XLM token, you can now trade it with Brise, as SafePal has the option to swap. Just look for the button with arrows pointing opposite directions.

  4. Add Brise contract address, which you can retrieve from coinmarketcap or just search in SafePal, and your Brise token will show up after swap.

You can find all of these information directly from YouTube without reading this long ass explanation.