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Anonymous
How to buy alt coins?
For example, an alt coin WABI on binance. It's being shown as WABI/BTC and WABI/BNB. Does this mean that I need to first buy BTC and/or BNB then I'll be able to buy WABI? Is it possible to buy with USD?
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You can use USD/ SGD to buy BTC then go to WABI/BTC and buy WABI
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You can use USD/ SGD to buy USDT then go to BTC/USDT to buy BTC and then go to WABI/BTC to buy WABI
OR
You can use USD/ SGD to buy USDT then go to BNB/USDT to buy BNB and then go to WABI/BNB to buy WABI
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Yes.
If you have USD, you need to use it to buy either BTC or BNB.
Eg. USD - USDT - BTC / BNB - WA...
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WABI/BTC and WABI/BNB represents the pairs of tokens that are tradeable, in this case WABI can be traded with BTC and vice versa, and too WABI with BNB.
Therefore, yes, you would need either BTC or BNB to buy WABI if you are using Binance. However I see that you can use fiat (USD) to purchase WABI on cex.io, so you might want to look into it as an easier alternative. Do look at the price differences between exchanges, it can be substiantial if you're placing a large order. https://www.coingecko.com/en/coins/wabi#markets