Get Started with Waves

Introduction

Waves Platform is a global, decentralized blockchain platform that was founded by Sasha Ivanov in 2016. Their website states that their mission is…

…to reinvent the DNA of entrepreneurship around the world by providing a shared infrastructure, offering easy-to-use, highly functional tools to make blockchain available to every person or organisation that can benefit from it.

Waves Platform

Since their launch, they have held true to this mission statement and have grown substantially as a result. Surviving the ICO rollercoaster of 2017, their team has proven to be consistently dedicated and innovative. They have also grown by making strategic partnerships with well-known companies such as Deloitte.

The Waves Client

The current version (1.0.28) of the Waves Client is a cryptocurrency wallet, decentralized exchange (DEX), and a tool for creating your own Waves-based tokens.

The Waves client can be accessed online, or it can be downloaded onto your device. The setup process is simple, quick and intuitive.

To get started, pick your preferred option:

Setting Up Your Account (Step by Step)

The following example uses the Online Client.

Once you have selected your preferred Waves Client option. The following steps will walk you through the account set up process.

Step 1 – Get Started

Step 2 – Create Your Account

Select your avatar. Remember, you cannot change it later.

Your account address is what can be shared in order to receive Waves. No one can access your account and spend your cryptocurrency with this public account address. Unlike some other cryptocurrencies, such as bitcoin, your account address with Waves does not change.

Step 3 – Choosing a Account Name & Password

Select your Account Name and Password.

For security purposes, avoid using your brain to generate a password. We recommend using something like passwordsgenerator.net to create a password that is at least 16 characters in length.

In this example, the following password was used: CBp=X9mc*’5~(&`E

Step 4 – Back Up Your Account

This is the most important step! Without your private seed, you will be unable to recover your account if you were to lose access. There are countless stories of people who lost money due to misplacing their private seed. Store your private seed in a secure location that you won’t forget.

Waves Platform will remind you to be aware of frequent scams and phishing attacks. It is isn’t built by Waves Platform, don’t enter in your private seed.

Write these 15 private seed words down and store them somewhere safe.

You will be prompted to input your 15 private seed words in order to make sure that you recorded them accurately.

If you misplace your backup private seed, but still have access to your account. You can locate it by going to “Settings –> Security” and clicking to show your Backup Phrase.

Step 5 – Explore

Once you are inside your account, click around and explore the many features!

Wallet

Decentralized Exchange (DEX)

Token Generator

Get Some Waves

There are three main options for purchasing Waves.

Option 1 – Waves DEX

The Waves Wallet supports Bitcoin, Ethereum, Litecoin and Zcash. If you already own one of these cryptocurrencies, you can easily make a transfer into your Waves Wallet. Once you have transferred Bitcoin, Ethereum, Litecoin or Zcash to your Waves Wallet, you can go to the Waves DEX and make a trade for Waves.

Option 2 – Centralized Exchanges

Many popular centralized cryptocurrency exchanges have Waves listed. You can make a trade for Waves on one of these exchanges and transfer them to your Waves Wallet.

You can go to any one of these exchanges to acquire Waves:

  1. Bittrex
  2. Tidex
  3. Exmo
  4. Changelly
  5. ShapeShift
  6. Binance
  7. Liqui
  8. Yobit
  9. Indodax
  10. Livecoin
  11. Litebit
  12. Coinbe
  13. Cryptomate
  14. Kuna
  15. Evercoin
  16. Indacoin
  17. OKEx
  18. Huobi
  19. HitBTC

Option 3 – Credit Card

You can purchase with credit card on the Waves Client. This is facilitated by trusted third-parties. This option is not available for US-based users.


Waves Platform addresses the number one barrier to entry into blockchain by making it easy to use. They are known for having the fastest transaction speeds, they have received glowing security audits by trusted third-parties and they have significantly reduced the cost and complexity that typically surrounds token creation.

Questions about how Waves could benefit your business? Contact our team!

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