Learn how to buy Pulsechain with MetaMask in 7 simple steps. Also, a more detailed look at the functionality of the PulseX exchange.
Welcome to our guide on how to buy Pulsechain. Pulsechain is a layer-1 blockchain created by Richard Heart, the founder of HEX. It aims to improve upon Ethereum’s value proposition by providing users with a free copy of their tokens and NFTs on the Pulse network. Pulsechain also claims to be more environmentally friendly than Ethereum, although Ethereum has already switched to a proof-of-stake consensus mechanism.
In this article, we’ll guide you through the steps to buy Pulsechain on MetaMask, one of the most popular cryptocurrency DeFi wallets.
Besides, if you need some background information regarding the trustworthiness of this project. Read this article first: Is Pulsechain legit?
How To Buy Pulsechain with MetaMask(7 Steps)
In this guide, we’ll assume that you are new to crypto and have never used a crypto wallet like MetaMask before. Therefore, we’ll start at level zero where you have to set up and install this wallet first.
Of course, you can skip some steps in this buying process if you already using this wallet on a regular basis. That being said, let’s kick off from here 👍
Step 1: Download MetaMask Wallet
Download MetaMask Wallet from the App Store or Google Play Store for free. If you prefer a desktop, you can download the MetaMask wallet by going to the MetaMask website.
Besides, don’t forget to verify if you are visiting the official MetaMask Wallet website. Otherwise, you risk downloading a fake wallet.
Step 2: Setup Your MetaMask Wallet
After downloading MetaMask Wallet, follow the steps to set it up. It’s actually really easy.
- Click ‘Create a new wallet‘
- Create a secure password
- Secure your secret recovery phrase
- Congrats! Your wallet is created
The most important part of setting up any self-custody wallet like MetaMask Wallet is recording your 12-word secret recovery phrase and storing it in a safe place.
Your secret recovery phrase is the key to your wallet and the funds within. Whoever has your recovery phrase has control of your funds. So make sure to keep it secure.
In other words, besides a password, you also need to secure the 12-word recovery phrase. The password gives access to your device, where the recovery phrase will allow you to do transactions on the blockchain.
Therefore it is important to write it down and lock it away in a safe place. Preferably in an at-home safe that is both fire and waterproof.
Never store your wallet’s private key online such as in a cloud or any files on your phone or computer.
If you lose your recovery phrase, there is no way to recover it or your wallet.
|❗ TIP – A good option for securing your recovery phrase is to use a stainless steel crypto wallet that can survive about anything, from fire to acids, and lasts more than 20 years.|
Step 3: Buy ETH Cryptocurrency First
Before you can buy PLS on MetaMask Wallet, you need to put some ETH in your wallet which you will swap to $PLS later on.
If you don’t have ETH, you can buy it directly on MetaMask Wallet(with a credit card), transfer it from another wallet, or buy it on an exchange and send it to your wallet.
Here are the two options for getting ETH into your MetaMask wallet.
Option 1: Buy ETH on a Centralized Exchange
You can buy ETH using one of many centralized exchanges that offer it. Coinbase is a popular choice.
For this, you will need to set up an account, verify your payment info, and then you’re good to go.
Once you’ve got ETH in your wallet, you’ll need to transfer it to your MetaMask wallet.
Option 2: Buy ETH directly on MetaMask
One way to avoid the next step (transferring ETH to your wallet from an exchange) is to buy it directly through MetaMask Wallet.
To do this, just tap “Buy” in your wallet and MetaMask will send you to a reliable third-party provider where you can buy ETH with a credit card.
Remember that buying ETH with a credit card is expensive. For instance, at Coinbase you can buy ETH at 0.1% in the order books. Using a credit card will cost you 5% extra.
All in all, using MetaMask for purchasing crypto is the fastest way to acquire new crypto with money.
Step 4: Transfer ETH to your MetaMask wallet
To transfer ETH to MetaMask Wallet you have to use your wallet’s public address — a unique identifier on the Ethereum network.
To find your MetaMask wallet’s public address, click on ‘Receive‘ button above in the menu. Once clicked, a huge QR code appears below the public key(Something like this: ‘0x37d0cc00a6fb08ffb68435fec2ef05b05beaceff’)
Then, click the ‘Copy‘ icon below to store the address in memory.
Once you have your wallet’s public address, you can transfer ETH from the centralized exchange by pasting the address into the “Recipient” field.
This will send the ETH directly to your MetaMask wallet.
Step 5: Add Pulsechain network to MetaMask
Pulsechain is a very young token that hasn’t been listed on the main exchanges yet. Also, DeFi crypto wallets like MetaMask haven’t configured this network as a default option.
Meaning, to start using Pulsechain on MetaMask you have to add this network manually.
To connect to PulseChain open MetaMask and click the Networks dropdown. Select “Custom Network“. Now enter the following information:
|New RPC URL:||https://rpc.pulsechain.com|
Step 6: Bridge ETH to Pulsechain network
In short, to be able to buy PLS tokens you need to get your crypto on the Pulsechain network. As explained above, where Pulsechain was added to MetaMask, you need to transfer crypto there as well.
In other words, you need to bridge ETH to Pulsechain by using bridge.pulsechain.com. Below are the steps for sending ETH from Ethereum to WETH on Pulsechain.
- Open your MetaMask and go to bridge.pulsechain.com.
- Click on Connect Wallet
- A pop-up window appears, where you choose MetaMask
- Enter the amount of ETH
- Finalize the transaction(It takes about 30 minutes to transfer ETH to Pulsechain)
Step 7: Make the Swap with MetaMask
At this point, you are able to trade the initially bought ETH for the PLS token. To achieve this you need to swap it at app.PulseX.com. Here are the steps to make the swap:
- Go to app.PulseX.com
- Connect your MetaMask wallet
- Make sure you are using the Pulsechain network on MetaMask
- Swap WETH(for Ethereum) with $PLS
- Finalize the swap
Normally, it’s just a matter of seconds before this transaction will be processed. Additionally, the PLS tokens should appear in MetaMask on the Pulsechain network(See step 5).
Take note that if the transaction won’t go(because of high traffic), you have to modify the slippage. The default is this value set to 0,5. Additionally, you can switch to higher levels(for instance 3%) to make transactions go through. Use the Settings option above in the menu.
Finally, if you want to cash out $PLS all you need to do is swap it back to your cryptocurrency of choice, the same way you swap ETH to $PLS.
The two most popular options are ETH and USDC. From there you can send it to a centralized exchange to cash it out for fiat and transfer it into your bank account.
FAQ – How To Buy Pulsechain with MetaMask Wallet
Is Buying Pulsechain on MetaMask Wallet Safe?
It definitely is. To buy Pulsechain using MetaMask Wallet and app.PulseX exchange is a very reliable option, however, it isn’t an easy exercise. Beginners in crypto can also buy this crypto at the OKX platform(centralized exchange).
Is Buying Pulsechain on MetaMask Wallet Worth It?
It’s worth buying PLS on MetaMask Wallet if you want to own your crypto. The problem with buying crypto on a centralized exchange is that you don’t actually own it, the exchange does. Using MetaMask wallet enables you to own your wallet’s private key and thus your PLS tokens.
What is the HEX Address for Pulsechain?
The HEX address from PulseChain’s official smart contract address is 0x46F6e9BbcCe8638b20EBBC83D33a2B5bfA9B7894.
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