This complete guide will show you the steps to buy TABOO Token in detail through various platforms.
What is TABOO Token?
Taboo is an adult NFT & Streaming media project. They specialize in highly exclusive content. With models, who aren’t strictly porn stars, their content is nothing like other adult tokens. Taboo aims to be the Playboy of Blockchain. Their marketplace is cutting-edge, built by the Enjin Coin Marketplace Developers.
TABOO is listed on several crypto exchanges, and unlike other major cryptocurrencies, cannot be purchased directly with FIAT money.
However, you can still buy this currency easily in PancakeSwap or by first buying USDT on any fiat-to-crypto exchange and then transferring to a DEX that offers to trade this currency.
In this guide, we’ll show you the steps to buy TABOO in detail through various platforms.
The current price of TABOO is US$0.0095, and it is ranked 420 in the Coinmarketcap listing.
Buy TABOO through PancakeSwap through Trust Wallet or Metamask – Eaysiest way
Buy TABOO through Coinbase
You will have to first buy one of the major cryptocurrencies, in this case, USDT ( USDT ).
In this article, we’ll show you in detail two of the most commonly used fiat-to-crypto exchanges, Uphold.com and Coinbase. Both Crypto Exchanges have their fee policies and other features that we’ll look at in detail.
We recommend that you try both and find the one that works best for you. Then we will show you other options to trade/buy / sell Taboo.
Buy USDT with Trust Money (To exchange to TABOO Token)
Once you finish the KYC process, you will be asked to add a payment method. Here, you can choose to provide a credit/debit card or use a bank transfer. You will be charged higher fees when using cards, but you’ll also make an instant purchase.
While a bank transfer is cheaper but slower depending on your country of residence, some countries offer instant cash deposits at low rates, such as iDeal in some European countries.
Now that you’re all set, click the ‘Deal’ button in the top left corner choose USDT and confirm your transaction… and congratulations! You have just made your first encryption purchase.
Transfer USDT to an Altcoin Exchange
TABOO is an altcoin, and we need to transfer our USDT to an exchange that TABOO can be traded, here we will use HotBit as our Exchange.
HotBit is a popular exchange for trading altcoins and has a large number of tradable altcoin pairs. Use the link below to register your new account.
They were founded in 2018 and are holders of Estonian MTR licenses, US MSB licenses, Australian AUSTRAC licenses, and Canadian MSB licenses.
The HotBit Crypto Exchange is known as a Crypto trading platform that continues to develop and integrate various business forms such as trading cash, financial derivatives, investment in cryptocurrency, and DAPP on one platform.
Hotbit allows US investors now.
Currently, Hotbit’s business covers more than 210 countries and areas.
Based on its globalized and unified strategies, HotBit is focused on the world’s emerging markets such as Russia, Turkey, and Southeast Asia markets and was ranked as one of the top 3 most welcome exchanges by Russian media in 2019.
After going through a process similar to what we did before with Coinbase, the platform will advise you to set up 2FA authentication and complete that, which adds extra security to your account.
Deposit USDT to exchange
Depending on the exchange policies, you may be required to go through another KYC process. This should generally take anywhere from 30 minutes to possibly a few days at the most. However, the process should be straightforward to follow. Once finished, you should have full access to your foreign exchange portfolio.
If this is your first time making a cryptographic deposit, the screen here might look a little scary. But don’t worry, it’s simpler than making a bank transfer. In the box on the right, you will see a string of random numbers saying ‘USDT,’ this is a unique public address of your USDT HotBit wallet, and you can receive USDT by providing this address to the person send you the funds.
Since we are transferring our previously purchased Coinbase USDT to this wallet, click ‘Copy address’ or right-click on the complete address and click copy to take this address to your clipboard.
Now go back to Coinbase, go to the portfolio page, click on USDT in your asset list, and click on ‘Submit’ on the right.
In the Recipient field, paste the wallet address into your clipboard.
For security reasons, you should always check that the two addresses match. Certain computer malware would change the contents of your clipboard to another wallet address, so it is an excellent idea for you to double-check the wallet address, or you might end to sending funds to someone else.
Click ‘Submit’ to continue, and you should receive a confirmation email instantly, click the confirmation link in the email, and your coins are on their way to HotBit!
Now go back to HotBit and go to your currency exchange wallets, don’t worry if you didn’t see your deposit here. It’s probably still being confirmed on the blockchain network, and it should take a few minutes for your coins to arrive. Depending on USDT traffic conditions, during peak hours, it may take even longer.
You should receive a HotBit confirmation notification as soon as your USDT arrives. And now you are finally ready to buy TABOO!
Go back to HotBit and go to ‘Exchange.’ Bang! What a view! The constantly moving figures can be a little scary, but relax, let’s get our heads around it.
In the right column, there is a search bar. Now make sure “USDT” is selected as we are trading USDT for an altcoin pair. Click on it and type “TABOO,” you should see TABOO / USDT, select that pair, and you should see a TABOO / USDT price chart in the middle of the page.
Below is a box with a green button that says “Buy TABOO,” inside the box, choose the “Market” tab here as it is the most direct purchase order type.
You can enter your amount or choose what part of your deposit you would like to spend on the purchase by clicking the percentage buttons. When you have confirmed everything, click on “Buy TABOO.” Voila! You finally bought TABOO Token!
In addition to the above Exchange (s), there are some popular crypto exchanges with decent daily trading volumes and a vast user base.
This will ensure that you can sell your coins at any time, and rates will generally be lower.
We also suggest that you register on these exchanges, as once TABOO is listed there, it will attract a lot of trading volumes from users there, which means you will have great trading opportunities!
Buy TABOO with Binance
Binance is a popular cryptocurrency exchange started in China but later moved its headquarters to the crypto-friendly island of Malta in the EU.
Binance is very popular for its encryption to encryption exchange services. Binance exploded onto the scene in the 2017 craze and has since become the largest encryption exchange in the world.
Unfortunately, Binance does not allow US investors, so we encourage you to apply to other exchanges that we recommend on this page.
Gate.io is an American cryptocurrency exchange launched in 2017.
As the Exchange is American, US investors can trade here, and we recommend US traders subscribe to this Exchange.
The Exchange is available in English and Chinese (the latter being very useful for Chinese investors).
Gate.io’s main selling point is its wide selection of trading pairs so that you can find most of the new altcoins here. This Exchange is also known for having an impressive trading volume.
Almost every day, it is one of the top 20 stock exchanges with the highest trading volume. The trading volume is approx. $100 million a day. The top 10 trading pairs on Gate.io in terms of trading volume usually have USDT (Tether) as a part of the pair. So, to sum up the above, Gate.io’s vast number of trading pairs and its extraordinary liquidity are awe-inspiring aspects of this Exchange.
Store TABOO securely in hardware wallets
If you’ve been planning to HODL (“HODL” is an acronym for Hold For Dear Life ) your TABOO for a considerable long time, you might want to explore ways to keep it safe.
Due to the very nature of wallets in exchanges, they will always be online (“Hot Wallets,” as we call them), thus exposing certain aspects of the vulnerabilities. The safest way to store your coins so far is always to put them in a kind of “Cold Wallets,” where the wallet will only have access to the blockchain (or “go online”) when you send funds, reducing the chances of hacking incidents.
A paper wallet is a kind of free cool wallet. A pair of public and private addresses are generated offline, and you will have them written down somewhere and keep them safe. However, it is not durable and is susceptible to various hazards.
Hardware wallets are the best choice of all. They are usually USB-enabled devices that store crucial information in your wallet in a more durable way.
These wallets are built with military-grade security, and their firmware is constantly maintained by their manufacturers and therefore highly secure.
Ledger Nano S and Ledger Nano X are the most popular options in this category. These wallets cost around $50 to $100, depending on the features they offer. If you are holding your assets, these portfolios are a good investment, in our opinion.
Are there alternative platforms to buy TABOO or Bitcoin with credit cards?
Yes. It is also a very easy-to-use platform to buy Bitcoins with credit cards. It is an instant cryptocurrency exchange that quickly changes the encryption and purchases it with a bank card. Its user interface is straightforward to use, and the purchase steps are pretty self-explanatory.