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How to buy 808TA in Burkina Faso
Interested in acquiring 808TA? Discover how you can purchase 808TA in a few easy steps. As more well-established companies are investing in cryptocurrency, now is the perfect time to get ahead of the crowd and own your own digital assets like 808TA.
This beginner-friendly guide will safely walk you through each step of buying 808TA. By following these simple steps, you'll own your first 808TA in just a few moments! How awesome!
TIP for Burkina Faso! Before getting started, make sure you create a free Binance account for Burkina Faso (it takes less than a minute) so you can follow the steps below immediately.How to buy 808TA (808TA) for beginners in Burkina Faso
- Step 1 - Create & secure an account
- Step 2 - How much 808TA 808TA should I buy?
- Step 3 - Payment methods buying 808TA
- Step 4 - Trade or buy your first 808TA
- Step 5 - Prepare for the crypto future!
- Step 6 - More information about buying 808TA
Step 1 - Create an account
Binance is one of the largest platforms globally. A key advantage is that it’s easy to purchase 808TA on Binance. Just like trading traditional fiat currency, there is a small cost for every trade, and Binance offers good rates. Once you’ve purchased 808TA, you can choose to store your coins online or transfer them to a hardware wallet for extra security, if available for your crypto-assets.
Below in super simple steps explained, how to create a new and safe account.
1.1 Safe account
Click on this link to go to Binance Exchange to create an account.
1.2 Strong password
Enter your email & strong password, tick off I agree to the Binance Term of Use and click register.
1.3 Verify your email address
After this step is completed a verify email will be send to you.
Check your inbox and confirm your email address
1.4 Secure your account
Awesome your Binance account is created! Now follow the next steps and make sure your account is 2FA secured. This is highly recommended.
What is 2FA?
With 2FA you will generate a security code every time you login with a new session. This will help to prevent other people to get access to your account. Most used 2FA authentication options are SMS and authenticator apps like Google Authenticator.
1.5 You've an account now!
You're account is ready to use and buy 808TA (808TA)
Step 2 - How much 808TA (808TA) should I buy?
The advantageous thing about cryptocurrencies is that you can divide them and purchase just a small portion. This way, you still own a piece of 808TA, which you can either use or keep.
It’s a wise idea to first test a small amount of CFA Franc BCEAO to build confidence in the process of purchasing 808TA, and then scale up your transactions and buy more 808TA. (Be aware of the charges that are involved when buying and selling cryptocurrencies.)
Two SMART reasons why it's wise to be active on multiple exchanges
Demand is growing, and sometimes you’ll want to trade ASAP. Since some exchanges have long approval waiting times, which can take weeks, it’s good to already have accounts set up on multiple exchanges.
Another smart reason to have accounts on multiple exchanges is that not all platforms list the same cryptocurrency coins. When you come across a new coin that you want to buy with your CFA Franc BCEAO (XOF), you don’t want to be stuck waiting for approval; instead, you want to take action before the price rises. Click here for a FULL list of popular exchanges, including our personal TOP 5. All of these exchanges support mobile apps to buy crypto from Burkina Faso.
Step 3 - Payment methods buying 808TA
On Binance you have over 100 payment options to deposit money and purchase your 808TA. Easily select your currency (in your case from Burkina Faso, probably CFA Franc BCEAO) and the payment option you want to use. Of course they also provide the most used payment methods like Credit Card, Bank Transfer & PayPal.
Note: Every country has different payment options, so easily log in and check the available payment methods for Burkina Faso. In the cryptoworld and on exchanges like Binance, you aren't able to buy every coin directly with FIAT currency. For this reason, they introduced stable coins like Tether USDT.
These are cryptocurrencies that you can purchase to later convert them into the currency you want to buy. Before buying your preferred coin, it’s recommended to check which coins are paired with the one you want to purchase.
Step 4 - Trade or buy your first 808TA from Burkina Faso
In the world of cryptocurrency, and on exchanges like Binance, you can’t buy every coin directly with FIAT currency. That's why, they introduced stable coins like Tether USDT.
These stable coins are cryptocurrencies that you can purchase and later exchange them to the currency you want to purchase. The term stable-coin comes from its linkage to the USD, as these coins' value is pegged to the US dollar. Before buying your desired cryptocurrency, it’s a good idea to check which coins are paired with the one you want to buy. For instance, some coins only pair with Bitcoin or Ethereum, while others also pair with stable coins.
The benefit of using stable-coins
Since some cryptocurrencies can be volatile, stable coins are often linked to the USD. As a result, their price stays fairly stable, which helps reduce the risk when trading FIAT currency into other crypto coins, and vice versa.
Step 5 - Prepare for the crypto future!
As stated earlier, this article is all about buying 808TA (808TA). To be equipped for the future, ensure that you have multiple secured accounts on various exchanges. This will keep you ready when you want to acquire new cryptocurrencies that are not available on the exchange you're currently using.
Top 5 - help yourself
List of exchanges including our TOP 5 to buy 808TA (808TA) or other altcoins. Most of these exchanges have large trading volumes.Step 6 - More information about 808TA
DYOR - Do Your Own Research
When investing in 808TA, always make sure to conduct thorough research on the coin, its technology, and the team behind it. Before you invest in any coin, it's crucial to understand the coin itself, its underlying technology, and the team developing it.
DCA - Dollar Cost Averaging Strategy
Dollar Cost Averaging (DCA) is a well-known strategy in the investment and crypto-world. It’s a tactic where you purchase regularly a certain amount of a coin or investment you believe in. For example, you may invest 100 CFA Franc BCEAO every month. By investing systematically, you lessen emotional involvement, and by spreading your investments, you also spread the risk of a changing market.
- Invest small amounts
- Less stress about volatile markets
- Less chance on losses as you never purchase full amounts on peaks
Cons DCA
- Won't make optimal trades as you don't invest all on the bottom
- Takes longer, as you're not rich after one trade
- If you DCA on one investment you can pick a loser investment what will only go down. Better is there to spread your investments while doing DCA.
Explanation Video DCA Dollar Cost Averaging
Explanation Video How to Buy 808TA
Below you'll find a video tutorial about how to buy Bitcoin (BTC). Simply replace BTC with 808TA in this video and you'll learn how to buy 808TA within a couple of minutes.Official 808TA 808TA sources
- Website: https://808exchange.net/
- Whitepaper: Click here for the whitepaper of 808TA
- 808TA Announcements
- 808TA Twitter
- 808TA Reddit
- 808TA Chat
- 808TA Explorer
Benefits of cryptocurrencies
Cryptocurrencies offer a range of benefits that have caught the attention of individuals, businesses, and governments worldwide. One major benefit is the potential for increased financial inclusivity. Cryptocurrencies enable individuals who are without access to traditional banking services to be part of the global economy, helping the unbanked and underbanked populations. Additionally, cryptocurrencies enable faster and cheaper cross-border transactions compared to traditional banking systems, eliminating the need for intermediaries and lowering transaction fees.
Another key benefit is the security and privacy provided by cryptocurrencies. The use of cryptographic techniques secures that transactions are safe and cannot be tampered with, while also safeguarding the privacy of users by providing pseudonymous transactions. Lastly, cryptocurrencies offer a decentralized and transparent financial system through the use of blockchain technology. The shared nature of blockchain maintains that no single entity has control over the network, reducing the risk of manipulation or censorship.
Pros of cryptocurrencies:
- Financial Inclusivity: Cryptocurrencies allow financial services for the unbanked and underbanked, promoting financial inclusion and empowerment.
- Fast and Affordable Transactions: Cryptocurrencies allow quick and low-cost cross-border transactions, lowering the reliance on traditional banking systems and intermediaries.
- Security and Privacy: Cryptocurrencies employ robust cryptographic techniques to guarantee transactions while protecting the privacy of users through pseudonymity.
Cons of cryptocurrencies:
- Volatility and Risk: Cryptocurrencies are characterized by their price volatility, which can lead to significant fluctuations and potential financial losses for investors.
- Regulatory Challenges: The regulatory landscape for cryptocurrencies is still evolving, resulting in uncertainty and potential barriers to widespread adoption.
- Scalability and Energy Consumption: Some cryptocurrencies encounter scalability challenges, causing slower transaction times and higher fees. Additionally, the energy consumption associated with certain consensus mechanisms, such as Proof-of-Work, has sparked debate about environmental impact.
It’s important to note that the pros and cons of cryptocurrencies may differ depending on the specific cryptocurrency and its implementation. Furthermore, the cryptocurrency market is dynamic, and ongoing developments may affect the advantages and disadvantages associated with these digital assets.
FAQ about 808TA
How can I buy 808TA in Burkina Faso?
You can purchase 808TA on most popular cryptocurrency exchanges like Binance, Coinbase, or Bybit. First, you'll need to sign up and then select a payment method like a debit card, or digital currency to purchase 808TA.
Is it safe to invest in 808TA?
Investing in 808TA carries the same risks as any digital asset due to market fluctuations. It's important to do your own research and only invest money that you can bear to lose. Employing secure wallets and exchanges can help secure your investment.
What are the transaction fees for 808TA?
Transaction fees for 808TA are influenced by the network’s demand and the specific wallet you're using. Some networks have fluctuating fees based on activity, while others have fixed fees. Be sure to review the fee structure before making transactions.
Can I convert 808TA to other cryptocurrencies?
Yes, you can often convert 808TA to other crypto coins using crypto exchanges or platforms that offer crypto-to-crypto trading pairs. Many exchanges support swapping 808TA for other popular assets like Ethereum.
How do I track the price of 808TA?
You can track the price of 808TA using a variety of tools, including cryptocurrency price aggregators like Tradingview, CoinMarketCap, or CoinGecko. Many exchanges also provide up-to-date price updates via their trading interface.
How do I sell 808TA from Burkina Faso?
To sell 808TA, you can choose a cryptocurrency exchange that supports it. Simply transfer your 808TA to the exchange, pick your preferred selling method (market or limit order), and opt to receive to get the funds in fiat currency.
How is 808TA different from Bitcoin?
808TA is different from Bitcoin in several ways, including its purpose, transaction speed, and blockchain infrastructure. For example, Bitcoin is primarily seen as a long-term asset, while 808TA might have additional use cases like fueling DeFi projects.
How can I keep my 808TA secure?
To maintain your 808TA secure, it's essential to employ robust passwords, turn on 2FA on your exchange or wallet, and look into using a cold wallet for long-term storage. Avoid sharing sensitive information and be cautious of phishing scams.
What is the best time to buy 808TA?
There is no exact "best time" to buy 808TA due to the price swings of the cryptocurrency market. Many buyers use strategies like regular investing to buy at regular intervals, reducing the effect of market volatility.
What affects the price of 808TA?
The price of 808TA is affected by factors such as market demand, wider crypto market conditions, news about the project or technology, regulatory developments, and broader economic conditions. Price volatility are typical in the cryptocurrency market.
