How to Buy Meowcoin ($MEWC) – A Beginner’s Guide

While cats and dogs have long been popular in the crypto sector, regular meme coins rarely do anything for these animals. But Meowcoin ($MEWC) is one such project that promises fun not just to its investors but also to our furry friends. So, how do you board this train? How to buy Meowcoin ($MEWC)?

In this guide, we’ll cover everything about Meowcoin, its potential, its aim to tokenize pet care, and how to secure your $MEWC tokens. So, let’s get started!

How to Buy Meowcoin in 4 Easy Steps

Here’s how to buy Meowcoin in a simple and pretty straightforward manner:

Pick an Exchange

Start by choosing one of the top crypto exchanges. There are many options there, so to make the best choice, consider factors like the availability of cryptos, user-friendly interface, advanced tools, high liquidity, low fees, and overall reputation. Security is paramount, so make sure the platform offers measures like 2FA and cold storage.

Sign Up

Once you’ve found the most suitable platform, register an account. This means creating a username and password. A regulatory-compliant Meowcoin exchange will also require completing your KYC by submitting identification documents and a liveness check using a selfie.

Make a Deposit

Now that you have successfully signed up, you can make a deposit. Simply choose your payment method and transfer your fiat currency to your exchange account. Debit/credit cards process funds instantly, while bank transfers may take anywhere between a couple of hours to several days. If you are depositing crypto like USDT, the fees and processing time will depend on the chosen network.

Buy Meowcoin

Next, find Meow coin or $MEWC by using the exchange’s search bar. Once selected, you can input your investment amount and click the ‘buy’ button. This completes your $MEWC purchase. However, to secure your asset, store $MEWC in a non-custodial wallet to keep control of your private keys and digital assets.

Best Platform to Buy Crypto

Best Wallet is a mobile-focused cryptocurrency exchange and non-custodial multi-wallet provider. It is the perfect place to buy digital assets. This all-in-one crypto and decentralized trading platform supports 60+ blockchains and over 200 DEXs, giving you access to thousands of cryptocurrencies and better prices.

In addition to the ability to buy, sell, swap, store, and trade popular, new, and other crypto assets along with majors, Best Wallet also supports crypto deposits directly from a centralized crypto exchange or a crypto wallet.

With its app, you can monitor your cryptocurrency portfolio value across all crypto wallets in one place for smarter cryptocurrency asset management. More importantly, the wallet doesn’t charge fees for storing or receiving cryptocurrencies—you only need to pay the network fees when transferring assets.

Moreover, you can stake tokens to earn passive income. Users can also earn their native governance token, $BEST, simply by using this free-to-download wallet. By swapping crypto, purchasing presales, and exploring other features, you can accumulate $BEST, which can be used to reduce transaction fees and earn higher staking APY.

Being a non-custodial wallet, it gives you full ownership and control over your tokens. For security, it employs industry-standard measures, including biometric authentication, 2FA support, advanced cryptographic techniques, firewall protection, multi-party computation (MPC) security, and Fireblocks-backed crypto wallet insurance.

What is Meowcoin?

Meowcoin is a utility meme coin making a tangible impact in the real world, setting itself apart from other projects in the market. It funds shelters and conservation projects while ensuring transparency and accountability. The project also shares donation reports to interested stakeholders to showcase the real-world difference its support makes.

The token uses its own algorithm, MeowPow, which takes inspiration from ProgPow but is tailored to drastically reduce the power requirements for GPUs on the network. This innovation allows for as much as a 60% increase in energy efficiency for miners without compromising security.

Meowcoin is currently working on several initiatives, including the active proof-of-concept application PawPrint and wMEWC, which have been successfully deployed on Ethereum. Other networks are currently being explored.

Most importantly, $MEWC is preparing to be merge mined with the $7.7 bln market cap Litecoin. With this move, Meowcoin will inherit the security of $LTC while maintaining its individuality with its own chain.

Why Buy Meowcoin and Is It Worth It?

The current cryptocurrency market is full of projects without meaning or purpose. In fact, most are just playing a game of value extraction, costing people their investments and even lives in extreme cases.

The market and its participants are seeking innovative projects that work with a cause. Meow Coin, here, is the perfect embodiment of this palpable need of the market, with its strong ethical foundation and practical utility.

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Real Impact

To many of us, our furry friends mean our lives. These cute little animals give us unconditional love and bring boundless joy, improving our mental and physical health. With their companionship, they make a major impact on our lives. Meowcoin is now allowing us to make a big and meaningful impact on their lives as well.

The project continuously contributes to animal shelters and rescues around the world, demonstrating tangible results rather than just promises, unlike many projects in the market today. This financial support, which has surpassed $50K, directly helps feed, shelter, and provide medical care for animals in need, creating a better world.

Blockchain Meets Pet Welfare

The project intends to tokenize pet adoption, creating a new way to support animal welfare beyond traditional donations. While people love donating to animal shelters, those funds do not always go to their intended use. This is where the distributed ledger of records can provide the necessary help.

Meow coin uses blockchain technology to enable transparent and verifiable transactions, which ensures that funds are being used for their intended purpose.

Deflationary Mechanism Creating Scarcity

$MEWC is a deflationary PoW coin that utilizes the MeowPoW algorithm to keep mining fair, and every time an asset is created, some $MEWC tokens are burned. 2,142,037 $MEWC tokens have already been burned so far.

Burning tokens remove them from the circulating supply, which makes the remaining $MEWC token supply more scarce and, in turn, more valuable.

Low Entry Point

Having a market capitalization of just $240K makes it highly attractive for people to invest in Meow Coin. Its FDV (fully diluted value) is also just $1.72 million, as $MEWC trades at $0.00008199. This low-entry access point means anyone can easily afford the coin. Not to mention, the token is yet to be listed on top-tier crypto exchanges, whose massive exposure can support the Meow Coin price favorably.

With Bitcoin consolidating after making an ATH of $109,000 in January, which is seen as creating a solid foundation for a strong move to the upside, $MEWC can also benefit from the upcoming positive momentum in a crypto-friendly regulatory environment under the Trump administration.

How to Store Meowcoin That You Buy?

Now, it’s time to store your Meowcoin. This is crucial to protect your digital assets from exchange failures and phishing scams, where scammers may trick you into revealing your private keys through malicious sites or emails.

You must also protect your $MEWC from hackers, who can steal it by gaining access to your private keys, especially if stored online or in a hot wallet. This is where the ‘not your keys, not your crypto’ rule comes into the picture. You truly own and control your $MEWC tokens only if you hold your private keys.

For this, make sure you choose a non-custodial crypto wallet or, better yet, a hardware wallet for ultimate security. Meowcoin also lists supported wallets for its $MEWC tokens.

If you are a beginner, back up your wallet and ensure you have access to your seed phrase, which should be kept offline in a secure place. You can also reach out to the project on Discord for any questions you might have.

What to Do With Meowcoin You Buy?

Once you’ve got your hands on Meowcoin, here are a few things you can do with it:

For starters, you can buy Meowcoin and then trade Meowcoin for quick potential profits. Trading lets you take advantage of market movements without locking in your capital for the long term. Actively trading the asset also boosts its visibility and trading volume, helping $MEWC gain traction.

If you are not into trading, you can choose to hold the asset for the long term and diversify your portfolio. Holding helps you avoid short-term market volatility, timing trading volume, and frequent fees that can eat into your profits. This approach prevents you from paper-holding an investment and allows you to benefit from the project’s growth and success, which is often reflected in the token’s value.

Holding $MEWC long-term supports project development and adoption through price stability, reduced volatility, and increased credibility.

In addition to it all, you can donate your Meowcoin to shelters and rescue organizations to help animals in need. Once the project releases new features, $MEWC token holders will be able to participate in the ecosystem further.

Best MEOW Wallets

Today, hundreds, if not thousands, of wallets out there allow you to easily buy, sell, trade, swap, and store your crypto assets. But of course, not every wallet is the same. They differ regarding supported cryptocurrencies, user experience, integration capabilities, and security features, which are some of the most important factors to consider when choosing a crypto wallet.

Notably, security should be your main priority when selecting a wallet as the safety of your crypto, like $MEWC, depends on just how safe your wallet is.

Best MEWC Wallet

A good place to buy crypto directly within the app is Best Wallet. This free, non-custodial, cost-efficient, multi-chain wallet is available for iOS and Android apps and prioritizes user ownership by storing private keys locally on the device. It further enhances security through biometric verification, 2FA, and third-party insurance.

Its built-in DEX aggregator, meanwhile, allows users to buy, sell, and swap cryptocurrencies directly within the wallet. These features have helped Best Wallet secure a 4.4 rating on Google Play and a 4.5 rating on the Apple Store.

So, if you want to protect your crypto fortune, make sure to choose the security of Best Wallet!

Our Verdict on Buying $MEWC – Is it Worth it?

The crypto market is severely lacking utility right now. After too many valueless meme coins, scams, and pump-and-dump schemes sucking the trading volume and liquidity out of the market, the crypto sector needs good vibes and a decent purpose, and Meowcoin offers that in abundance.

If you buy Meowcoin, a low-cap, deflationary meme coin, you will also help tokenize pet care and save animals. Meowcoin has already donated $50k towards this goal, but more importantly, it is utilizing blockchain technology to ensure animal welfare, making $MEWC an investment with a noble cause! It may be a good investment, but it is certainly a good cause.

Frequently asked questions

References

1. Trump orders crypto working group to draft new regulations, explore national stockpile (Reuters)
2. Why did FTX Collapse? Here’s What to Know (NY Times)
3. Meowcoin Price (Coingecko)