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How to buy H2O DAO in 2022 ? – A Step by Step Guide

By Kaela R. 6 min read

The process of buying H2O DAO is just like any other coin in the crypto market. It is not something that you can directly buy from your bank account or through organizations. This may be possible in future but for the time being, you'll have to use a cryptocurrency trading site to convert your USD into H2O or other digital currencies. We are here to make this process for you as smooth as we can buy providing all the key details in this article. Let’s jump right into it.

Where to buy H2O DAO

Below are the popular crypto exchanges based on user experience,security,fee structure and supported coin, that you can use to purchase H2O DAO (H2O) in 2022.

Before moving forward i want to make it clear that the ranking of these exchanges are in no particular order. With that in mind - Let’s explore these crypto platforms one by one so that you can select the best cryptocurrency exchange to buying your H2O DAO.

1. Binance

Binance gets a lot of things right for traders who wish to focus solely on cryptocurrency. A diverse range of popular cryptocurrencies should appeal to everyone save the most passionate crypto fans.

Low trading costs and volume reductions should entice more active traders, especially because fees elsewhere are far higher.

Newer investors who want customer service may find a better match elsewhere, particularly if they intend to trade other stocks or crypto as a sideline.

Based on what has been discussed so far, Binance is unquestionably the premier Cryptocurrency Exchange, with low costs and excellent digital currency support.

Binance Pros

  • Over 365 coins are available for trading on a global scale.
  • A diverse range of trading options and order types are available.
  • Low transaction costs.
  • Payment options are supported in a variety of ways.

Binance Cons

  • The platform is complicated and may be confusing for some people.
  • U.S exchange is more limited than others.
  • Binance has ran into regulatory issues in a number of nations.

Getting Started with Binance

Users must first create an account in order to utilize the exchange. The procedure is quite quick and straightforward, and you do not need to verify your account for level 1, which has a daily withdrawal limit of 2BTC.

For level 2, which enables up to 100BTC every day, you must upload a picture ID and wait for approval. There are still greater restrictions, but you must contact them personally to arrange for them.

Follow the steps below to open a Binance account:

Step 1: Visit the Binance Website

Step 2: Click on the “Register” option in the upper right-hand corner and complete the relevant information. Binance will validate your account details throughout the registration process, which may take a few minutes.

Step 3: Enable 2-Factor Authentication.

Step 4: Select and Link you payment Methods.

Step 5: Deposit and Start trading.


Buy H2O DAO on Decentralized Exchanges.

Below, you will find comprehensive and detailed review about top rated decentralized exchanges using which you can buy H2O DAO (H2O) easily.

Buy H2O DAO on Pancakeswap

Currently, these are two popular ways to buy H2O DAO with Pancakeswap.



How to buy H2O DAO on Pancakeswap using MetaMask

In this section, we will cover the total process of purchasing H2O DAO (H2O) with Pancakeswap, so read the whole piece.

Why you should use PancakeSwap?

PancakeSwap has lately garnered a lot of interest, thanks in part to the BSC's low transaction costs as compared to Ethereum, the other main decentralised blockchain. PancakeSwap, in addition to the cheaper transaction costs on the BSC, is effectively a fork of Uniswap, one of the most popular decentralized exchanges on the Ethereum Blockchain, with new functionality added.

Pancake Swap is a Binance Smart Chain-powered decentralised cryptocurrency exchange (DEX) and automated market maker (AMM). Binance Coin (BNB) is used for fees, while PancakeSwap (CAKE) is used for management.

Furthermore, Pancake Swap drew a lot of attention due to the large number of BEP-20 tokens available on its platform and it is used particularly for BEP-20 tokens operating on Binance Smart Chain, while tokens from other platforms can be sent over via Binance Bridge and "wrapped" as a BEP-20 token for usage on the DEX.

Before buying crypto on PancakeSwap you must have a Pancakeswap compatible wallet like Metamask . To create a Metamask account follow these steps:

Step 1: Download Metamask Extension

To set up your Metamask wallet it is suggested that you use Google Chrome with MetaMask because the browser has fewer issues than others. To check that you're on the appropriate platform, open your Chrome browser and enter in the Web address metamask.io at the head. After entering the URL, download and install MetaMask extension.

Step 2: Get Started with Metamask

Click newly installed Metamask icon from top right bar on Chrome browser and open it.

Now click the Get Started button, you'll be asked if you're new to MetaMask. This is where you may import your wallet if you already have a seed phrase and wish to obtain access to it. Click Create a Wallet if you're just starting started.

After you click ‘’Create a Wallet’’, MetaMask will request information from you in order to enhance their platform.

Create your password, accept the Terms of Service, and click Create. When MetaMask or a dapp prompts you to log in to MetaMask, enter this password.

Step 3: Create 12-word seed phrase

Create your 12-word seed phrase, also known as the Secret Backup Phrase in MetaMask. If you ever erase MetaMask from your browser, you can reinstate your account in this manner. With a seed phrase, you may also access your account on a fresh computer from anywhere. On the following page, you will be prompted to confirm your secret phrase in the right sequence.

Awesome! You've just created your MetaMask.

If you are using Metamask for the first time, you have to add Binance Smart Chain (BSC) Network to the Metamask as Pancakeswap only work on BSC. The process is simple and straight forward.

1. Click on Account Icon at top right corner in Metamask.

2. Go to Setting > Networks > Add Network

3. Fill the Form with these details and hit save.

  • Network Name: BSC
  • New RPC URL: https://bsc-dataseed.binance.org/
  • ChainID: 56
  • Symbol: BNB
  • Block Explorer: https://bscscan.com

After creating your wallet and adding BSC to the Metamask networks, the next step is to get Binance coin (BNB) in it for buying and paying for the network gas fee . To buy BNB Just Copy and make a note of your Metamask wallet address. Purchase some Binance coin on our recommended exchanges by following the steps listed above (how to buy Binance coin section).

Pro Tip: You can use one wallet address with same Private key on both Ethereum and Binance Smart Chain Network.

Find the Withdraw option in your selected exchange. Choose Binance coin as a withdraw coin. Fill the form with your Metamask address and Binance Smart Chain as network. After the transfer you will see BNB coin in you Metamask wallet.

Now we have everything to use Pancakeswap and buy H2O.

Step 4: Launch Pancakeswap and Connect Metamask

Go to Pancakeswap.finance, click Connect Wallet and select Metamask wallet. After connecting your wallet to Pancakeswap, you can now begin trading tokens on the Pancake official site.

Step 5: Swap BNB for H2O

Click Trade > Swap from the main menu. Now you must enter the amount of cryptocurrency you want to swap. The amount of the other token (H2O DAO) that you will get will be calculated automatically by Pancakeswap. On the Main screen there are two boxes. First box for BNB and the second one is for which you want buy.

Before you finalize the conversion, go through the details and double-check that everything is in order. When you're finished, simply press "Swap" and then "Confirm Swap." That's all.

As soon as the trade is verified, H2O will appear in your wallet.

How to buy H2O DAO on Pancakeswap using Trust Wallet

This section will go through how to use Trust Wallet to acquire H2O DAO (H2O) using Pancakeswap. PancakeSwap is a Binance Smart Chain-powered DEX (decentralized exchange). The users on Pancakeswap can swiftly and securely exchange BEP-20 tokens.

Why you should use PancakeSwap?

PancakeSwap has lately garnered a lot of interest, thanks in part to the BSC's low transaction costs as compared to Ethereum, the other main decentralized blockchain. PancakeSwap, in addition to the cheaper transaction costs on the BSC, is effectively a fork of Uniswap, one of the most popular decentralized exchanges on the Ethereum Blockchain, with new functionality added.

Pancake Swap is a Binance Smart Chain-powered decentralised cryptocurrency exchange (DEX) and automated market maker (AMM). Binance Coin (BNB) is used for fees, while PancakeSwap (CAKE) is used for management.

Furthermore, Pancake Swap drew a lot of attention due to the large number of BEP-20 tokens available on its platform and it is used particularly for BEP-20 tokens operating on Binance Smart Chain, while tokens from other platforms can be sent over via Binance Bridge and "wrapped" as a BEP-20 token for usage on the DEX.

Before buying crypto on PancakeSwap you must have a Pancakeswap compatible wallet like Trust wallet. To create a Trust Wallet account follow these steps:

Step 1: Download Trust Wallet

Before you begin, you must first download the Trust wallet app from the Google Play or App Store. As of writing this guide Trust wallet is only available for Android and IOS users.

Step 2: Get Started with Trust Wallet

After installation, click "Create a New Wallet." Read the Privacy Statement and the Terms of Service, then check the box to confirm and click "Continue."

Step 3: Create 12-word seed phrase

Make a note of your 12-word recovery phrase on a piece of paper and keep it somewhere secure where you won't forget it. Once you've typed down your sentence, press the words on the next screen to put them in the right sequence to ensure you've done it correctly.

Awesome! You've just created your Trust wallet account.

After creating your wallet, the next step is to get Binance coin (BNB) in it for buying and paying for the network gas fee . To buy BNB Just Copy and make a note of your Trust wallet address. Purchase some Binance coin on our recommended exchanges by following the steps listed above (how to buy  Binance coin section).

Find the Withdraw option in your selected exchange. Choose Binance coin as a withdraw coin. Fill the form with your Trust wallet address and Binance Smart Chain as network. After the transfer you will see BNB coin in you Trust wallet.

Now we have everything to use Pancakeswap and buy H2O DAO.

Step 4: Launch Pancakeswap and Connect Trust Wallet

Open your Trust wallet app and navigate to Dapps option from the bottom menu. Now Find Pancakeswap or type in the search box and press enter.

Go to Pancakeswap.finance, click Connect Wallet and select Trust wallet. After connecting your wallet to Pancakeswap, you can now begin trading tokens on the Pancake official site.

Step 5: Swap BNB for H2O DAO

First, decide which cryptocurrency you wish to exchange. Tokens can be found by name or address from CoinMarketCap. In our case, we want to buy H2O DAO (H2O) through Pancakeswap so we will select H2O.

We wish to exchange BNB for H2O DAO. If you wish to trade a specific amount of BNB, put that amount into the BNB area. You can put a specified amount of H2O DAO in the H2O DAO amount area if you like.

The screen will show you the best possible rates in which your coin is going to be swapped. If you agree with the rate and amount, click Exchange, and you will be sent to a new window where you may check the specifics of your swap.

To proceed and complete the transfer, take a note of the fee as network fee and click swap. As soon as the trade is verified, H2O DAO will appear in your wallet.



Conclusion

Choosing the best cryptocurrency platform for H2O DAO (H2O) might be a difficult task, there are various factors that one should consider before selecting a crypto exchange. These include the fees structure, security, exchange features, and whether it is based on fiat or crypto.
Remember, once you have shortlisted some exchanges, do your research on each of them to identify the most appropriate for you.




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