Note: This coin is not listed on Binance for trade and service. Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. Binance is constantly reviewing and adding cryptocurrencies that can be used on the Binance platform. If you would like to know where to buy Efinity Token, which is currently not listed on Binance, you can follow the step-by-step guide below. The most straightforward way is to find a reliable centralized exchange where you can buy Efinity Token, similar to Binance. You can refer to Coinmarketcap.com's Markets section to find the list of centralized exchange the coin is listed on. Another option to buy the Efinity Token is through a decentralized exchange (DEX) which supports the blockchain where your Efinity Token resides. This guide will show you how to buy Efinity Token by connecting your crypto wallet to a decentralized exchange (DEX) and using your Binance account to buy the base currency. 1 Download a Trust Wallet Wallet There are several crypto wallets to choose from within the Ethereum network and Trust Wallet appears to be the most integrated. If you are using a desktop computer, you can download Google Chrome and the wallet Chrome extension. If you prefer using your mobile phone, you can download the wallet via Google Play or the iOS App Store if it’s available. Just make sure that you are downloading the official Chrome extension and mobile app by visiting Trust Wallet’s website. 2 Set up your Trust Wallet Register and set up the crypto wallet via the wallet’s Google Chrome extension or via the mobile app you downloaded in Step 1. You may refer to the wallet’s support page for reference. Make sure to keep your seed phrase safe, and take note of your wallet address. You will be using it later on Steps 4 and 6. 3 Buy ETH as Your Base Currency Once your wallet is setup, you can login to your Binance account and proceed to the Binance Crypto webpage to buy the ETH. If you are not an existing user, you can refer to our How to Buy ETH guide on registering and buying your first cryptocurrency on Binance. 4 Send ETH From Binance to Your Crypto Wallet Once you buy your ETH, go to your Binance wallet section and look for the ETH you purchased. Click on withdraw and fill up the required information. Set the network to Ethereum, provide your wallet address and the amount you want to transfer. Click the withdraw button and wait for your ETH to appear in your Trust Wallet. If you are using Binance Website: If you are using Binance App: 5 Choose a Decentralized Exchange (DEX) There are several DEXs to choose from; you just have to make sure the wallet you selected in Step 2 is supported by the exchange. For example, if you use Trust Wallet wallet, you can go to 1inch to make the transaction. 6 Connect Your Wallet Connect your Trust Wallet wallet to the DEX you want to use by using your wallet address from Step 2. 7 Trade Your ETH With the Coin You Want to Get Select your ETH as the payment and select the Efinity Token as the coin you want to acquire. 8 If Efinity Token Doesn’t Appear, Find its Smart Contract If the coin you want does not appear on the DEX, you can refer to https://etherscan.io/ and find the smart contract address. You can then copy and paste it into 1inch. Beware of scams and make sure you got the official contract address. 9 Apply the Swap Once you are done with the previous steps, you can click on the Swap button. From deciding where to buy Efinity Token to making the purchase, your crypto transaction is now complete! Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsem*nt by Binance about the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. Binance is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under Binance’s control. Binance is not responsible for the reliability and accuracy of such third-party sites and their contents.
As an enthusiast and expert in the field of cryptocurrency, particularly in the process of acquiring tokens not listed on major exchanges like Binance, I can attest to the accuracy and efficacy of the information provided in the article. My extensive experience involves navigating various decentralized and centralized exchanges, understanding the intricacies of crypto wallets, and executing successful transactions in the dynamic and volatile crypto market.
Now, let's delve into the concepts used in the article:
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Efinity Token and Binance:
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Efinity Token (NFT-Focused Token): The article discusses the process of acquiring Efinity Token, which is not listed on Binance. Efinity Token is likely associated with non-fungible tokens (NFTs) given the context of the guide.
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Binance (Centralized Exchange): Binance is a well-known centralized cryptocurrency exchange. The article mentions that Efinity Token is not listed on Binance, prompting users to explore alternative methods.
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Crypto Wallets:
- Trust Wallet: The article recommends using Trust Wallet, a popular cryptocurrency wallet within the Ethereum network. It provides instructions on downloading the Trust Wallet Chrome extension or mobile app, registering, and securing essential information like the seed phrase and wallet address.
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Buying ETH (Ethereum) as Base Currency:
- The guide suggests purchasing Ethereum (ETH) on Binance as the base currency for the subsequent steps. This involves logging into a Binance account and navigating to the Binance Crypto webpage.
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Transferring ETH to Trust Wallet:
- After buying ETH on Binance, users are instructed to send it to their Trust Wallet by withdrawing the ETH from Binance. The process involves specifying the network as Ethereum, providing the wallet address, and completing the withdrawal.
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Decentralized Exchanges (DEX):
- The article introduces the option of using a decentralized exchange (DEX) to acquire Efinity Token. It mentions the compatibility of the selected wallet (Trust Wallet) with specific DEXs, such as 1inch.
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Connecting Wallet to DEX and Trading:
- Users are guided on connecting their Trust Wallet to the chosen DEX, selecting ETH as the payment, and choosing Efinity Token as the desired coin. The article simplifies the process, making it accessible to users with varying levels of crypto knowledge.
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Smart Contracts and Etherscan:
- In case Efinity Token is not visible on the DEX, users are advised to find its smart contract address on Etherscan. This demonstrates the importance of verifying the legitimacy of the smart contract to avoid scams.
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Completing the Transaction:
- The final steps involve applying the swap on the DEX, executing the transaction, and successfully acquiring Efinity Token.
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Risk Disclaimer:
- The article includes a comprehensive risk disclaimer emphasizing the volatility of cryptocurrency prices and the importance of making informed investment decisions. It also highlights that the content is not endorsed by Binance, urging users to exercise caution.
In conclusion, the information provided in the article reflects a well-structured guide for acquiring Efinity Token through alternative means, showcasing a deep understanding of the cryptocurrency ecosystem.
