How to Buy $LIKE Token from a Centralized Exchange(CEX)
Using any decentralized application (DApp) will often require you to purchase their native token from an exchange, and Only1 is no exception. Although you may be overwhelmed by the number of centralized exchanges to choose from, do not worry. We will be providing a step-by-step guide on how to buy $LIKE from Gate.io.
Step 1:Sign up on Gate.io
Once you reach their landing page, click sign up in the top right corner. If you already have an account, feel free to jump down below. Enter a username, email, password and a fund password for withdrawals.
As standard security protocol, you will also have to do basic setups such as confirming your email, setting up two-factor authentication and Know Your Customer (KYC) verification. After completing all steps, navigate to “Wallet” in the top right corner and select “Deposit” in the dropdown menu.
Step 2: Add funds to your wallet
Doing so will bring you to this page. As $LIKE has coin pairings with Ether (ETH) and Tether (USDT), you can take your pick in which you would like to deposit. Although ETH is a popular choice for its finality and interoperability with majority of apps and exchanges, we recommend USDT for two reasons:
- It’s a stablecoin and will be easier to trade with
- You can deposit USDT via the Tron/TRC-20 network which is free.
For now, we will use Tether (USDT) as an example coin to pair with.
Once you have chosen the correct coin and network, you will see a QR code and address displayed just like in the screenshot above. Then, from your local or online wallet, send an amount of USDT to that address and you will now have the ability to purchase some $LIKE.
Step 3: Purchasing $LIKE
The next step is to make your way back to the homepage.
From there, enter “LIKE” in the search bar and click the LIKE/USDT (or the coin of your choice) pairing. Try not to become overwhelmed by the amount of information and numbers displayed. The important section to focus on is within the blue box — this is where buy and sell orders are created.
Input the desired price that you wish to buy/sell, as well as a corresponding amount of $LIKE or USDT. Once you’ve done that, just click the buy or sell button and all that's left is to confirm the transaction. Now, you’re a brand new owner of $LIKE.