TATA Coin is a peer-to-peer cryptocurrency listed on the Binance Smart Chain (BSC). It recently made news with a price increase of more than 1200 percent, rising from Rs. 0.61 on March 5 to Rs. 18 on March 6. TATA Currency is presently trading at Rs. 6.88, with a diluted market value of $718,300; these are significant gains for a coin that is still relatively obscure.
What are some of the features of the TataCoin?
TATA Coin intends to reduce transaction costs and make international payments quicker and cheaper. It builds upon various organizations and blockchains, such as Ripple, to foster a system of international transactions in which no central middlemen are required to facilitate the transaction.
In the future, TATA Coin might be used as a hedge against inflation with a restricted total quantity. As a result, numerous organizations may see the currency as a store of value akin to gold.
Today we will give you a step-by-step guide on how to buy TATA COIN. Each step is detailed and we’ve made it in a way that even a beginner could understand.
Step 1: Visit tatacoin.io
When you arrive at the official Tata Coin website, you will notice a Buy Now button. When you click the button, you will be taken to an external webpage titled pancakeswap.finance.
Step 2: Pancakeswap Website
Before linking a wallet to the pancakeswap website, make sure you’re on the right webpage to avoid fishing attacks. Once you’ve validated that you’re on the right website, you’ll notice a connect wallet button in the upper right corner. After clicking the button, you will be given the opportunity to select a wallet.
Step 3: Choosing the wallet
You may select a wallet from three options: metamask, coinbase, and binance. We recommend using the metamask wallet since it is more secure and well-known for crypto transactions. Once you click on MetaMask wallet, a box will appear in which you have to create a new account or log in to an existing account if you don’t already have one.
Step 4: Choosing a token
After connecting your wallet with pancakeswap, you get a dropdown where you can select a token to swap with tata coin. Choose the token you want to trade. The default token BNB will apply if you don’t choose a token.
Step 5: Enter the amount
After choosing the token, you want to trade, enter the BNB amount you want to swap or the Tata amount you want to receive. After entering the amount, click swap and confirm the exchange.
What to consider when buying Tata coins?
It is nearly hard to forecast the price trend of a coin. As many already know, numerous coins rocketed into the spotlight last year, resulting in massive profits for investors, only to experience sudden price reversions that returned them to ‘normal’ price levels in a short period. Because the more significant nature of any cryptocurrency is its volatility, the TATA Coin may appear to be a decent investment for the time being, but this might alter in a matter of hours.
Where else can you buy Tata Coin?
CoinMarketCap features a list of purchase options for each cryptocurrency. Visit coinmarketcap.com and search for TATA Coin. Near the price chart, press the Market button. This section will find a comprehensive list of where you can buy TATA Coin. Under Pairs, you’ll notice the abbreviation for TATA Coin, TATA, as well as a second currency. The second currency is the currency you will swap for buying the coin. If you want to buy TATA using the US dollar, check for TATA/USD.
How to sell TataCoins?
Now that you own the coin, what if you want to sell the coin in the future. The process is straightforward and almost similar to buying a coin.
Step 1: Visit the pancakeswap.finance
Once you are on the website, you can see the option to buy while buying the tata coin. In addition, you can see the arrow between the coin you want to purchase and that you want to swap with. When you click on that arrow, the cash will exchange its place.
Step 2: Enter the amount you want to sell
Enter the Tata coin amount you want to sell. You can sell the whole amount if you want. After entering the amount, click on swap and confirm the swap.
TATA coin has been built in such a way that its quantity would never surpass 9 million coins. This design feature cannot be altered by anybody in the community or any organization. This protocol distinguishes it even from safe havens like gold, which may exhibit price volatility as an increase in prices may lead to more mining, lowering the value of the metal.
There are also community ideas in the works to build a decentralized SWAP and exchange in the future, with the TATA Coin serving as the basic asset and the gas in the infrastructure.
Your investing appetite should be determined by the technology underlying a coin and how it may evolve in the future. As a result, before investing in the TATA coin, make sure you research its development potential and grasp all of the other elements that may influence its future trajectory.