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Ultimate Guide To Squid Game Token

Squid Game (SQUID)
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7 DAYS CHANGE
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Disclaimer: Squid Game (SQUID) has been implicated in potential fraud after an apparent ‘rug pull’ scam crashed the coin’s price. Readers should be cautious about further investment in SQUID and this page is to be considered for educational purposes only.

Red candle, Green candle?

Squid Game (SQUID) is a new crypto token that was inspired by the recently hyped Netflix show — it has seen exponential growth in a few days after launching earlier this week, where the token saw lots of volatility.

SQUID has gained a mass amount of followers on social media platforms, currently has over 50,000 followers on Twitter. If you’re interested in learning how to buy Squid Game token in 2021, and which are the best platforms to purchase SQUID, we’ll provide you with all you need in this article.

5 Steps to Buy Squid Game Instantly!

  1. 1
    Visit our recommended platform to buy Squid Game by clicking the button below.
  2. 2
    Enter your details in the required fields to create a new account.
  3. 3
    Fund your account using your preferred payment method and confirm your new balance.
  4. 4
    Choose Squid Game and select a "Instant/Market Order” to buy it instantly.
  5. 5
    Enter the amount you want to buy (you’ll see the equivalent in SQUID) and confirm your order!

Our Recommended Platform to Buy Squid Game

If you’ve already conducted some research into buying Squid Game tokens and would like some guidance, please feel free to use any of the highly recommended online crypto exchanges and brokers short-listed below. Using them can make the Squid Game token buying process as easy as possible.

1
Min. Deposit
$50
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User Score
10
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
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Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA

How to Buy Cryptocurrency on an Exchange

Before you start, you should go to your BSC wallet and obtain the receiving BSC address. This is very straightforward as all you need to do is open your Wallet, select Smart Chain, and click Receive. The address will appear on the screen. Save this address for later, as you’ll need it in step 3 of the following guide.

Additionally, if you want to use and interact with the Binance Smart Chain network, having some BNB in your wallet is essential. You can pay transaction fees with BNB when making transfers and interacting with smart contracts. You can buy this on Binance and send it to your wallet. 

If you haven't signed up for Binance, do that before any of the steps below.

  1. Login to your Binance account. In the right top corner, select Wallet and click Overview.

  2. Go to Wallet Overview, click Withdraw in the right top corner.

  3. Once you’re in the withdrawal menu, select the coin you want to withdraw. Enter the withdrawal address (BSC wallet), select Binance Smart Chain as the transfer network, and enter the amount you want to withdraw.

  4. After selecting Binance Smart Chain as the transfer network, a pop-up screen will appear to test your BSC knowledge and to confirm that you understand what you’re doing. Once you pass the test, click Submit.

  5. The next steps are the same as with any other withdrawal. A confirmation screen will appear to inform you about the conversion rate, fees and to allow you to review the transaction details once again.

  6. Once confirmed, you’ll be asked to enter your verification code to approve the withdrawal.

  7. Use your newly deposited tokens from your BSC wallet to connect to Pancakeswap
    Here:
    https://pancakeswap.finance/info/token/0x87230146e138d3f296a9a77e497a2a83012e9bc5

  8. Find the Squid Game Pair and then you can BUY Squid game token.

How to Buy Squid Game Token with a Brokerage 

Using a Cryptocurrency brokerage like eToro to buy ETH to then Bridge to BSC in order to buy Squid Game token.

Before looking to buy ETH on an online brokerage, you must do some research and work only with a service provider that's well known in the industry and is regulated by an established financial authority.

Different brokers will have other fee structures and security features. By using a regulated platform, you'll automatically ensure that you're transacting through a safe and secure website.

1) Register with the Broker

A cryptocurrency broker is similar to that of a conventional stockbroker, and a good one will go out of its way to make the registration process as easy as possible for you. This can be explained by a well-known broker in the crypto industry.

eToro is an ASIC (Australian Investments and Securities Commission), FCA (Financial Conduct Authority, UK) and CYSEC (Cyprus Securities and Exchange Commission) regulated brokerage platform with a global user base exceeding 20 million people. You can create an account on eToro by simply clicking the ‘Create Account’ option and providing some basic details like your first name, last name, email ID, phone number, preferred username and password. They also allow you to expedite this process by signing in through an existing Facebook or Google account.

2) Verify your Identity (KYC Process)

As per the global CFT (Combating the Financing of Terrorism) and AML (Anti Money Laundering) laws, it is mandatory for all regulated crypto brokers to create a comprehensive KYC (Know Your Customer) verification process through which they can crosscheck every new user’s identity. This process usually involves asking for some documents and performing certain manual checks.

The documents generally required are a government-issued photo identity card (like a passport or national ID), and a proof of address (bank statement or utility bill). The person may also be asked to upload a selfie with the documents and/or accept a video call from the broker’s team for this purpose. Please note, even though KYC may seem bothersome to many, it is necessary to create a safe trading environment for everyone involved.

3) Deposit Funds (FIAT) with your Preferred Payment Method

Once you have successfully registered with the broker and verified your identity, you may process the minimum deposit to commence trading. Most crypto brokers accept deposits in fiat currency through various payment methods such as bank transfers, credit/debit cards and third-party payment facilitators such as Skrill, Neteller, and Paypal.

Make sure that you study every payment method’s pros and cons and compare it with others on parameters such as security, speed, convenience and cost. Please also ensure that the system or mobile device being used to purchase Squid Game token has an updated anti-malware and antivirus software.

4)  Buy Ethereum (ETH) from eToro

After funding your eToro account from your bank account in order to buy ETH, you can do that by purchasing ETH/USD, ETH/GBP, ETH/EUR with either a market limit order.

Once you make your ETH purchase, it will appear in your trading account.

5) Transfer cryptocurrency from the eToro trading my eToro Money crypto wallet

You can withdraw supported cryptocurrencies from the eToro trading platform to an external non-custodial wallet via eToro Money, which is a mobile app on iOS and Android operating systems. 

Your username and password for the eToro Money app will match your trading account's login credentials.

Once you have installed and signed into the eToro Money app, you will see the option to transfer crypto trades to your crypto wallet in the “Edit Trade” window of the relevant trade in the eToro trading platform.

Good to know:

  • If you funded your account with a debit card, you will have to wait 60 days before you can initiate a transfer.

  •  The process of transferring coins is one-way only, which means that any crypto you transfer from the eToro platform to your Wallet cannot be transferred back to the eToro platform.

  • This process can take up to 5 business days & does not operate on banks holidays or weekends.

6) Send ETH from eToro Money crypto wallet to another BSC compatible wallet

To send coins to an external wallet, please follow the steps below:

  1. Open the eToro Money app on your mobile device and sign in.

  2. Under the 'Crypto' tab, tap the type of cryptocurrency you wish to send.

  3. Tap 'Send'. On this page, you will select the amount to send and input the recipient’s public address. Type in the public address or tap the camera icon to scan the recipient's QR code, which will input the public address automatically.

  4. Make sure that the address has been input correctly and then tap 'Send'.

  5. An SMS with a verification code will be sent to your mobile phone. Enter the code you receive and tap ‘Verify’.

  6. A screen will appear, confirming that your send request has been received. You can check the status of your request by going to the ‘Transactions’ screen.

7) Sending your ETH from eToro mobile wallet to a BSC compatible wallet. 

With your BSC compatible wallet obtain the receiving ETH address to send your ETH in your eToro money app. This is very straightforward as all you need to do is open your Wallet, select the Ethereum network, right click and copy the receiving address. You will then send your ETH to this address by depositing. 

8)  Bridge assets from ETH to Binance Smart Chain (BSC)

Bridging is the process of moving crypto from one chain and putting it onto another in order to be used on that chain. Necessary as most blockchain crypto-assets can not be used cross-chain in their usual form. 

Beware not to send crypto from one chain to another as you might lose your crypto. 

When you start, make sure you have the token you wish to bridge and some ETH (for transaction costs) ready in your Ethereum wallet.

How to Bridge 

1. Head over to the Binance bridge and make sure your Wallet is connected to the Ethereum Network as you hold ETH. Link to Binance Bridge: https://www.binance.org/en/bridge

2. Click the "Connect Wallet" button to connect your Wallet:

3. Connect your Wallet using one of the methods below:

4. You will need to sign the connection of the Wallet. Once that's done and the Wallet is connected correctly

5. Bridge ETH, by putting in an amount of ETH you want to bridge. The destination address is fixed since this is your connected wallet address. After this, click the "Next" to bridge. 

6. You will now see a confirmation screen with the bridge transaction details, click "Confirm" to start the bridging of the assets:

7. You have successfully bridged your assets to the Binance Smart Chain Network!

8) Connect Wallet to Pancakeswap & buy Squid Game token 

Connect to Pancakeswap: https://pancakeswap.finance/info/token/0x87230146e138d3f296a9a77e497a2a83012e9bc5

You are ready to buy SQUID; remember, have a small amount on BNB on BSC to process the transaction. 

Safely Storing Your Squid Game token on a BSC Wallet

An external crypto wallet is non-custodial, meaning you own and control your private keys, which means you control your crypto like a BSC wallet would bear more responsibility on YOU, the individual, to manage your public keys. This is more so than what it would be if an exchange would hold your funds. But this option is not currently available.

It is advised to offer Two Factor Authentication (2FA) code (if you had activated the security feature earlier) before executing the transfer.

Should You Buy or Trade Squid Game Token?

The approach you take, whether buying Squid Game token on an exchange like Binance or trading it via a broker like eToro will depend primarily on your level of crypto trading experience and how comfortable you are going through each of the different steps. You need to find a strategy that suits your style. 

What’s the Difference Between a buying Squid Game on an exchange or a Broker?

A crypto exchange can be described as an online platform that allows investors to engage in the easy buying and selling of actual crypto coins, either for long-term holding or simply for their transactional needs.

Brokerage platforms, on the other hand, specialise in financial derivatives such as CFDs, Options, and Futures. While these are their main offerings, many also allow people to buy and sell actual crypto coins. Furthermore, whereas most online brokers accept only fiat deposits, exchanges are generally open to deposits made in both crypto and fiat currencies.

Squid Game Long Vs Short Term Investment

Whether you choose the long or short term Squid Game investment approach will depend entirely upon your overall crypto trading and investment goals. You need to figure out if you’d like to be a ‘Buy and Hold’ investor or specialise in short-term crypto trades. The approach you take, you will need to select an appropriate trading platform in order to buy Squid game initially.  

3 Tips to Buy Squid Game token

1. Do your own research on Squid Game token

2. Understand the costs and fees associated if you buy Squid Game

3. Understand the Risks

Other Ways to Buy Squid Game Token

Crypto exchanges make it extremely easy to buy Squid token. You could perhaps use another alternative to obtain the token more directly. You could use funds you already have in your BSC (which are BEP-20 compatible) wallet and connect with a well-known decentralised platform like Pancake swap to buy the quantity desired directly. This would be instead of going through the steps above. 

DEX's like Pancakeswap platforms generally offer fast execution of trades if funds are already in your BSC wallet. Currently, this is the only option to buy the crypto before it becomes more accessible on traditional exchanges. 

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