How and Where to Buy WEMIX Dollar (WEMIX$) – Detailed Guide

What is WEMIX$?

  1. What is WEMIX$? WEMIX$ is a new type of stablecoin with 100% USDC collateralization, stimulating the flow of value within the platform-driven, service-oriented WEMIX mega-ecosystem. As a stablecoin that compliments WEMIX Coin, WEMIX$ functions as a store of value, unit of account, and medium of exchange.
  2. Stability and transparency of WEMIX$ For the initial issuance of WEMIX$, USDC is deposited in the Treasury and the same amount of WEMIX$ is issued. The protocol responsible for the issuance of WEMIX$ is called AMA (Authorized Mint Access) and is only given permission to the WEMIX foundation at the initial launch. AMA will gradually add more Partners depending on the growth and stabilization of the ecosystem. WEMIX$ maintains stability through pegging with USDC, an on-chain reserve. The Treasury, MINT and DIOS all contribute to the stabilization of WEMIX$ within the ecosystem. The total circulation of WEMIX$ and USDC in the Treasury will always remain the same.
  3. Price Stabilization via DIOS(Dollar In and Out Stabilizer) Dollar In and Out Stabilizer (DIOS), is a WEMIX$ price stabilizing protocol which prevents depegging through TIP & TOP, which are responsible for stabilizing the price of WEMIX$ depending on how it has depegged.

TIP(Treasury In Protocol): Prevent value depegging from the expansion of the ecosystem As the ecosystem grows and the demand for WEMIX$ increases, WEMIX$ price rises and depegging occurs in the Master Liquidity Pool (MLP), the USDC/WEMIX$ exchange. In this case, DIOS will implement TIP (Treasury-In-Protocol). When the TIP is executed, the MINT contract swaps WEMIX$ in the MLP for USDC. Since the price of WEMIX$ is higher than USDC, one or more USDC is swapped with 1 WEMIX$. All swapped USDC is deposited into the Treasury and the additional WEMIX$ that remains is transferred to the DIOS Reward Pool.

TOP(Treasury Out Protocol): Prevent value depegging from the contraction of the ecosystem If the ecosystem shrinks for some reason, such as the demand of WEMIX$ decreases or has been attacked, depegging could occur in the Master Liquidity Pool (USDC/WEMIX$ pool), causing the WEMIX$ price to drop. In this case, DIOS will execute TOP (Treasury-Out-Protocol), where USDC is withdrawn from Treasury and swapped to WEMIX$ in the MLP. Since the price of WEMIX$ is lower than USDC, 1 WEMIX$ equivalent to 1 USDC is transferred to and burned in the MINT contract, and the remaining WEMIX$ is transferred to DIOS Reward Pool as a seigniorage. Under any circumstances, DIOS protocol will always have the equivalent amount of minted WEMIX$ and USDC in the reserve.

TIP & TOP Exchange Rate TIP & TOP is automatically activated by the smart contract when the swap rate of MLP differs by more than a certain percentage until the swap rate is stabilized back to 1. TIP & TOP is constantly executed through an algorithm in set amounts so that there is no loss from slippage or price impact. Detailed values of the mechanism are closed from the public to prevent external threats such as front running. Furthmore, these values may change depending on the market conditions.

WEMIX$ was first tradable on 17th Apr, 2023. It has a total supply of 4,036,341.764,767. As of right now WEMIX$ has a market capitalization of USD $4,047,273.16. The current price of WEMIX$ is $1.00 and is ranked 2870 on Coinmarketcap and has recently surged 0.18 percent at the time of writing.

WEMIX$ has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy WEMIX$.

Step 1: Register on Fiat-to-Crypto Exchange

You will have to first buy one of the major cryptocurrencies, in this case, Bitcoin (BTC). In this article we will walk you through in details two of the most commonly-used fiat-to-crypto exchanges, Uphold.com and Coinbase. Both exchanges have their own fee policies and other features that we will go through in detail. It is recommended that you try both of them and figure out the one that suits you best.

uphold

Suitable for US traders

Select Fiat-to-Crypto Exchange for details:

WEMIX$

Being one of the most popular and convenient fiat-to-crypto exchanges, UpHold has the following advantages:

  • Easy to buy and trade among multiple assets, more than 50 and still adding
  • Currently more than 7M users worldwide
  • You can apply for UpHold Debit card where you can spend the crypto assets on your account like a normal debit card! (US only but will be in the UK later)
  • Easy to use mobile app where you can withdraw fund to a bank or any other altcoin exchanges easily
  • No hidden fees and any other account fees
  • There are limited buy/sell orders for more advanced users
  • You can easily set up recurring deposits for Dollar Cost Averaging (DCA) if you intend to hold cryptos long term
  • USDT, which is one of the most popular USD-backed stablecoins (basically a crypto that is backed by real fiat money so they are less volatile and can be treated almost as the fiat money it's pegged with) is available, this is more convenient if the altcoin you intend to buy has only USDT trading pairs on the altcoin exchange so you don't have to go through another currency conversion while you buy the altcoin.
Show Details Steps ▾
WEMIX$

Type your email and click 'Next'. Make sure you provide your real name as UpHold will need it for account and identity verification. Choose a strong password so that your account isn't vulnerable to hackers.

WEMIX$

You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.

WEMIX$

Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, UpHold is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.

Step 2: Buy BTC with fiat money

WEMIX$

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You may be charged higher fees depending on your credit card company and the volatile prices when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees.

WEMIX$

Now you are all set, on the 'Transact' screen under the 'From' field, select your fiat currency, and then on the 'To' field choose Bitcoin, click preview to review your transaction and the click confirm if everything looks good... and congrats! You've just made your first crypto purchase.

Step 3: Transfer BTC to an Altcoin Exchange

But we are not done yet, since WEMIX$ is an altcoin we need to transfer our BTC to an exchange that WEMIX$ can be traded. Below is a list of exchanges that offers to trade WEMIX$ in various market pairs, head to their websites and register for an account.

Once finished you will then need to deposit BTC to the exchange from UpHold. After the deposit is confirmed you may then purchase WEMIX$ from the exchange view.

Exchange
Market Pair
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WEMIX$/KLEVA
WEMIX$/WBNB
WETH/WEMIX$
WKLAY/WEMIX$
WEMIX$/USDC
WWEMIX/WEMIX$

Last Step: Store WEMIX$ securely in hardware wallets

Ledger Nano S

Ledger Nano S

  • Easy to set up and friendly interface
  • Can be used on desktops and laptops
  • Lightweight and Portable
  • Support most blockchains and wide range of (ERC-20/BEP-20) tokens
  • Multiple languages available
  • Built by a well-established company found in 2014 with great chip security
  • Affordable price
Ledger Nano X

Ledger Nano X

  • More powerful secure element chip (ST33) than Ledger Nano S
  • Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
  • Lightweight and Portable with built-in rechargeable battery
  • Larger screen
  • More storage space than Ledger Nano S
  • Support most blockchains and wide range of (ERC-20/BEP-20) tokens
  • Multiple languages available
  • Built by a well-established company found in 2014 with great chip security
  • Affordable price

If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your WEMIX$ for a considerable long time, you may want to explore ways of keeping it safe, although Binance is one of the safest cryptocurrency exchange there had been hacking incidents and funds were lost. Because of the very nature of the wallets in exchanges, they will be always online("Hot Wallets" as we call them), therefore exposing certain aspects of vulnerabilities. The safest way of storing your coins to date is always putting them into a type of "Cold Wallets", where the wallet will only have access to the blockchain(or simply "go online") when you send out funds, reducing the chances of hacking incidents. A paper wallet is a type of free cold wallet, it's basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. However, it is not durable and is susceptible to various hazards.

Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. Ledger Nano S and Ledger Nano X and are the most popular options in this category, these wallets cost around $50 to $100 depending on the features they are offering. If you are holding your assets these wallets are a good investment in our opinion.

Frequently Asked Questions

Can I buy WEMIX$ with cash?

There is no direct way to buy WEMIX$ with cash. However, you can use marketplaces such as LocalBitcoins to first purchase BTC, and finish the rest of the steps by transferring your BTC to respective AltCoin exchanges.

LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. is after all a good place to go to buy Bitcoins when you can't find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed.

Are there any quick ways to buy WEMIX$ in Europe?

Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Uphold.

Are there any alternative platforms to buy WEMIX$ or Bitcoin with credit cards?

Yes. is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.

Read more on WEMIX Dollar's fundamentals and current price here.

Latest News for WEMIX$

WEMIXa year ago
WONDER DAO supported by the Foundation Medium: https://t.co/b6ENI8ADNk #WEMIX team decided to support the launch… https://t.co/VSstrMkdOe
WEMIXa year ago
위믹스의 최초 스포츠 NFT 프로젝트 #WEMIX CHAMPIONSHIP를 공개합니다🚩 #NILE 미디엄: https://t.co/4Qqs7r1CwZ 새로운 방식의 리워드: 스포츠 NFT의 탄생 ▶️세… https://t.co/ySOvaoRd0g
WEMIXa year ago
Transfer Disclosure (1,498.40 #WEMIX) Medium Announcement: https://t.co/2vSKI15apo - Amount: 1,498.40 WEMIX - Pur… https://t.co/0hG05bIz0J
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