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Table Of Contents
Wrapped Centrifuge (wCFG) is an Ethereum-based token pegged to Centrifuge (CFG) – an asset native to the Polkadot network. The purpose of wCFG is to provide holders with exposure to the price activity of its underlying CFG while maintaining the functionality of the Ethereum network, and the plethora of dApps which run atop it.
Like most wrapped tokens, wCFG is representative of CFG tokens on a 1:1 basis. As mentioned, the underlying CFG are native to the Polkdot network, and function as the governance token of Centrifuge – a protocol built for the tokenization of real-world assets, and various other DeFi applications.
In their original form, CFG provides holders with the ability to not only take part in protocol governance, but also staking, and various reward-based incentives. When converted to wCFG, holders retain exposure to the pricing of CFG while gaining the ability to take part in Ethereum-based dApps. It is important to note, however, that by converting to wCFG, holders effectively suspend the various abilities associated with CFG.
As wCFG are pegged to CFG on a 1:1 basis, these tokens can be converted between one another seamlessly, requiring only transaction fees to be covered.
To learn more, make sure to visit our Investing in Wrapped Centrifuge (CFG) guide.
How to Buy Wrapped Centrifuge (wCFG) in 4 Steps
The whole process can take as little as 10 minutes, and all you'll need is a smartphone or computer, photo identification, and a means of payment.
- Compare Crypto Exchanges – We list the top cryptocurrency exchanges that offer the ability to buy Wrapped Centrifuge (wCFG) cryptocurrency.
- Create an account – Verify your email address and identity.
- Make a deposit – Debit Card, Credit Card, Wire Transfer, or Bitcoin.
- Buy Wrapped Centrifuge – Use your funds to Buy wCFG.
We list the top 3 exchanges that offer the ability to buy Wrapped Centrifuge (wCFG) cryptocurrency with a credit card, debit card, or Bitcoin (BTC).
A top exchange in the United States & UK, Uphold is an experienced and extremely innovative trading platform that should be able to meet your needs for trading across a number of cryptocurrencies, including Wrapped Centrifuge (wCFG). Beyond the ease of use and innovative features within the trading platform, what stands out about Uphold is the credibility it has gained in the industry.
Uphold offers both a desktop and mobile app trading experience that is extremely intuitive. The trading view is completely customizable with the assets that you trade the most and is very easy to navigate while providing a modern feel on both desktop and mobile. It is a very popular and suitable choice, particularly for new traders.
Besides being visibly appealing, the Uphold trading platform allows you to place your trades with great ease. Just a couple of clicks, and you can make trades directly from your deposit method without even having to wait for funds to clear to your account. This one-step ordering is another innovation from a company that prides itself on the usability of its platform. Uphold also provides the ability to execute limit orders.
Germany & Netherland residents are prohibited.
Uphold Disclaimer: Terms Apply. Cryptoassets are highly volatile. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong..
KuCoin is a well-known name in the industry, and one of the most competitive when it comes to fees and trading costs. The exchange has grown exponentially from its early days of offering only crypto to crypto trading. It now offers a varied range of services, including a P2P exchange capability, and purchasing with credit or debit cards.
KuCoin currently offers Wrapped Centrifuge (wCFG) cryptocurrency trading as well as over 300 other popular tokens. It is often the first to offer buying opportunities for new tokens.
USA residents are prohibited.
Coinbase is a publicly traded crypto exchange listed on the NASDAQ. It is one of the most widely used exchanges in the United States and accepts clients from 100+ countries, including Australia, Canada, Singapore, and the UK.
Over 460 billion dollars in volume has been traded by over 70 million users at Coinbase. Security is a paramount feature, with 98% of customer funds being stored in secure offline storage. The platform is simple to use and is available on desktop, Android, and iOS, offering trading opportunities in over 140 cryptocurrencies, including Wrapped Centrifuge (wCFG).
This exchange currently accepts USA residents, excluding Hawaii.
Daniel is a big proponent of how blockchain will eventually disrupt big finance. He breathes technology and lives to try new gadgets.
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