Whether you’re new to the crypto market or an experienced trader, you’ll know that there are many factors that come into play when buying cryptocurrency.
Location and protocol can have a big impact on whether a certain type of crypto is available to buy, meaning some are more difficult to obtain than others.
Eclipse crypto is one type of token that is quite challenging to buy. This is because it is not presently supported on some platforms., such as Coinbase. But, if you’re wondering how to buy Eclipse crypto, you’re in the right place.
Today, Binance is continuously reviewing various cryptocurrencies and adding them onto the Binance platform. At the moment, Eclipse is not listed on Binance, but there are a few steps to take in order to purchase Eclipse crypto.
In today’s post, we are going to guide you through the process of buying Eclipse crypto. We will show you how to connect your crypto wallet to a DEX (Decentralized Exchange) via your Binance account.
Therefore, you can go right ahead and buy your first Eclipse base currency.
What Is Eclipse Crypto?
Eclipse crypto is essentially a utility token that has been built on the Binance Smart Chain. This crypto can be used to buy certain features found on platforms built by Eclipse.
There are a range of in-built features to reward Eclipse holders. Every transaction has a 6% tax fee associated with it.
However, 3% of this fee is redistributed to all Eclipse token holders, whereas the second 3% is split into another half with 50% of that getting sold by the contract into BNB.
The remaining 1.5% is paired automatically with BNB before being added to PancakeSwap as a liquidity pair.
As with any crypto, the main question is, “how safe is Eclipse?” In truth, Eclipse is very safe. The developer behind this crypto holds 1%, whilst 4% is locked away for three to six months via a dxsale token lock.
The remaining tokens that went unsold through dxsale are then burned. Moreover, the liquidity pool is secretly locked for five years and the largest holder has ~1.5%.
Now we know a little bit more about Eclipse crypto, let’s get the ball rolling and find out how to buy it so you can start trading.
How To Buy Eclipse Cryptocurrency: Guide
Although Eclipse crypto is currently not listed on the Binance exchange, it is possible to buy with a few easy steps. And, because Binance is constantly reviewing and adding cryptocurrencies, purchasing these tokens will only become easier and easier.
Below are some steps to take to connect your crypto wallet to a decentralized exchange (DEX) via your personal Binance account so you can buy Eclipse tokens.
Download A Binance Wallet
You can choose between a range of crypto wallets within the BNB Chain Network, but Binance currently seems to be the most integrated.
For desktop users, it is possible to download Google Chrome and attach the wallet Chrome extension.
For mobile users, it is possible to download the wallet on the iOS or Google Play App Store.
Whichever method you choose, just ensure that you’re downloading the real Google Chrome extension and mobile application. You can visit the Binance website to check these.
Time To Configure Your Binance
Now, you need to register and configure your crypto wallet. You can do this using the wallet Google Chrome extension or the mobile app you downloaded.
If needed, you can get help via the wallet’s support page to guide you through each step. Just, please ensure that your seed phrase is completely secure and safe. Also, make a note of the wallet’s address as you will need to use it in some later steps.
Purchase BNB Chain To Act As Your Base Currency
After you have set your crypto wallet, you can log in to your Binance account. From here, navigate to the Buy & Sell Crypto webpage in order to purchase the BNB Chain.
Send The BNB Chain To Your Crypto Wallet From Binance
Once you have bought your BNB Chain, head to the Binance wallet section and search for the BNB Chain you have already purchased.
Here, select Withdraw and enter the information required of you.
Change the network to BNB Chain and give your wallet address and the exact amount you wish to transfer.
Once you have filled out this information, click on the Withdraw button and sit tight for your BNB Chain to show up in your Binance account.
Select A Decentralized Exchange (DEX)
You can choose from various Decentralized Exchanges. You just have to ensure the exchange supports the selected wallet in our second step above. For instance, if you’re using a Binance wallet, it is possible to head to PancakeSwap and complete the transaction.
Connecting The Wallet
Here, you simply need to connect your Binance wallet to the Decentralized Exchange you wish to use. Do this by using the wallet address from step two.
Exchange Your BNB Chain For The Coin You Want
This step is easy! You just have to select your BNB Chain as payment and choose Eclipse as the coin you want to have.
If Eclipse Doesn’t Show Up, You Can Find Its Smart Contract
If you notice that the coin you wanted doesn’t appear on the Decentralized Exchange, you can check out https://bscscan.com/ to find the Smart contract address.
It is possible to copy and paste this into PancakeSwap but be alert to any possible scams. Also, always make sure you’re using the correct and official contract address.
Click On The Swap Button
Once you have completed all eight steps, simply click on the Swap icon, and your Eclipse tokens have been bought.
Frequently Asked Questions
Is It Worth Investing In Eclipse Crypto?
Eclipse crypto is considered a poor investment if you’re looking for currencies that offer a good return. Experts believe that it is a high-risk investment option for one year.
Although Eclipse’s price was equal to 0.000000002 USD in May 2022, a current investment may become devalued at some point.
How Many Eclipse Tokens Are On The Market?
Altogether, there is a maximum amount of 1,000,000,000,000,000 Eclipse tokens. 30.72% of these coins are for burning, whereas the remaining tokens are for circulation.
What Can You Use The Eclipse Token For?
This utility token was built on the Binance Smart Chain and is generally used for purchasing various features on Eclipse-built platforms, as well as for BSC tokens. It is also used to pay for additional features on the Eclipse platform.
All platforms have unique methods of use for buying crypto, such as Eclipse. But, if you follow the steps above and create a crypto wallet that supports Eclipse, you should be able to trade Eclipse tokens soon.
If you find it difficult, most platforms have guides to help you follow.
Thanks for reading!
Paul Martinez is the founder of BendingDestiny.com. He is an expert in the areas of finance, real estate, and eCommerce.
Join him on BendingDestiny.com to learn how to improve your financial life and excel in these areas. Before starting this blog, Paul built from scratch and managed two multi-million dollar companies. One in the real estate sector and one in the eCommerce sector.