How to Buy Brazilian Digital Crypto (BRZ)
What is Brazilian Digital BRZ?
According to Coingecko, Brazilian Digital is : BRZ is the first stable coin backed by Brazilian Reais (BRL). It'll allow Brazilian residents to directly ramp up in international exchanges and actively trade the Brazilian currency against pairs of different classes, including Bitcoin, other stable coins, utility and security tokens. It will be a powerful tool that will allow Brazilians to move and hedge Brazilians reais internationally. BRZ is always fully backed and holders can either purchase it for 1BRL or redeem it with a discount of 1% in Brazil.
Where can I buy BRZ Crypto?
You can buy Brazilian Digital on Uniswap.
Why should you buy Brazilian Digital?
Brazilian Digital is really one of a kind project. The roadmap is incredibly promising and if the dev team can keep up with the with it, it's only a matter of time for the market to catch up. It's a very risky play but one that can yield amazing profits. Do you own diligence and research the project further so you can make your own decision.
How to Buy Brazilian Digital Crypto?
Step 1 - Setting up a Metamask Wallet
Metamask is by far the most used walled in the world of Ethereum. Whenever you want to buy and sell cryptocurrencies or even use blockchain apps that run on the Ethereum Network, Metamask will be your best friend. Setting up the wallet is also very simple and easy.
Head over to metamask.io and click Download. You'll need to use Google Chrome, Brave Browser, Firefox, or Microsoft Edge for this to work. So make sure you are using one of these four browsers. Now at the end of the page, click on the browser you're using and install the extension.You are now the Welcome Page of Metamask. Click on 'Get Started.' Now click on 'Create a Wallet.' Choose a strong password for your Metamask wallet and continue.
Very Important Part! Keeping your backup phrase safe is the difference between having millions in your account or be that guy on the landfill looking for his old hard drive.
Click on reveal your backup phrase and write every word down on paper. Make sure you don't save your backup phrase on anything digital. This is for your security. After you wrote down your backup phrase, you'll be asked to confirm it. Click on every word in the correct order, and you should be done.
Step 2 - Buy Ethereum on Simpleswap
Simpleswap is the easiest way to buy crypto today. Free from registrations, KYC and third-party custody. With Simpleswap we can buy ETH and receive it directly on our on-chain Metamask wallet, skipping most of the steps we'd have to take through a traditional exchange.
Click here to access Simpleswap
Just click the Buy/Sell Crypto tab, insert the USD amount you want to trade for ETH, and click "Exchange", just like this:
Now all you have to do is click the Metamask fox logo to directly copy and paste your Metamask Ethereum address. It should add it automatically.
You can now choose between Google Pay or card to complete the payment:
Once you complete the payment, all you gotta do is wait a few minutes for the payment confirmation, and for the on-chain transaction to complete. Once all that is completed you should see your updated balance in Metamask.
Step 3 - Buy Brazilian Digital on Uniswap with ETH
Uniswap is currently the number one Decentralized Exchanged in the world, and it's simply the best place to buy cryptocurrencies that aren't available on sites like Coinbase or Binance.
Before we head over to Uniswap, we need to prepare your Metamask Wallet to receive Brazilian Digital. Open Metamask, scroll all the way down, and click here:
Select Custom Token and paste this token contract address there:
0x420412e765bfa6d85aaac94b4f7b708c89be2e2b
The rest should autofill, and you need to click next and then add tokens. Your account is now ready to receive Brazilian Digital (BRZ).
You can check the price and confirm the correct token address of Brazilian Digital on Coingecko.
Let's buy some Brazilian Digital!
Go to Uniswap. On the upper right corner, click on Connect Wallet and select Metamask. A confirmation popup should open on Metamask (click on the "little fox logo" if you don't see it). Now you need to accept, connect, and your wallet should be connected to Uniswap.
Select a token and paste the Token contract address: 0x420412e765bfa6d85aaac94b4f7b708c89be2e2b
Click Import and accept the terms.
Now you have to select the amount of ETH you want to trade for BRZ. After you confirm it, another popup will appear from the Metamask extension and you should approve the transaction.
Wait a few minutes, and your BRZ should appear on your Metamask Wallet.
Congratulations! You are now a proud Investor of Brazilian Digital!
In case your transactions keep on failing, adjust your slippage tolerance. To do that, click on Uniswap's gear icon, and put 5% here:
Step 4 - Store Brazilian Digital on Ledger
Check out our guide on how you can store Brazilian Digital on Ledger's Hardware Wallet
Check out Brazilian Digital links:
Please make sure you read our Disclaimer. We are not financial advisors.