In this guide you’ll get information about where to buy Sienna, if you are planning to buy wSIENNA – You’re in the right place!
Anyone who values privacy would consider Sienna Network as their ‘safe haven’ to do financial transactions. It’s because the platform is designed as a privacy-first and a cross-chain protocol for DeFi. The platform wants to empower the users to manage their funds safely without having to depend on external intrusion. The users should rest assured, knowing that no one would be able to see the users’ contract interactions, transactions, or wallet details.
Such a platform has been designed in this way because DeFi is basically an open book. Despite the decentralized technology and the safe blockchain system, everything happens in the chain would be preserved and be vulnerable forever. It encourages transparency, but at the same time, it discourages users who value their privacy. They are afraid that their privacy and safety can be compromised. Who can protect them, anyway?
This is when Sienna comes to the bigger picture. As a decentralized finance platform, users are free to convert, lend, or swap their tokens privately without sacrificing their privacy or safety. Moreover, the platform utilizes unique investment system called the zero sum system. A user can lock his SIENNA within the bridge where it would mint wSIENNA. If he wants to take his SIENNA back, he only needs to send it away to the bridge (where the wSIENNA would be burnt) and the bridge would release the SIENNA back to him.
- Official website: https://sienna.network/
- Twitter: https://twitter.com/sienna_network
- Telegram: https://t.me/GoSiennaNetwork
- Reddit: https://www.reddit.com/r/SiennaNetwork/
- Whitepaper: https://sienna.network/static/documents/Sienna-Network-Whitepaper-V1.3—November-2021.pdf
Table of Contents
Sienna (wSIENNA) Features
- Private swaps. SiennaSwap is the AMM (Automated Market Maker) exclusively belonging to Sienna. This is the place where users can freely swap their tokens without compromising privacy.
- Secret Network. This is the first blockchain having smart contracts with privacy preserving nature that offers low fees and high scalability. Transactions would be executed and processed right away, mitigating front running effectively.
- Privacy first. The platform has privacy focus by default. The platform is able to protect users’ PII. It keeps all interactions private, even from the platform itself.
- Full decentralization. Since transactions would be confirmed within seconds and they cost only a few cents, it will improve user experience. All investors type are invited to take part, even the small-time ones and the beginners.
Where to Buy, Sell and Trade Sienna aka wSIENNA
You can basically use debit card, credit card, or even PayPal to buy the Sienna (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the Sienna as the exchange.
With cryptocurrency, things are different. You need to use debit card or credit card to buy Tether first. After you get the ETH or BTC or USDT, you can convert it to Sienna. It takes several stages and processes. You need to gain access to the reputable cryptocurrency exchange first to make sure that everything is safe and sound.
In general, the process would be:
- You go to the online exchange and buy the Ethereum (ETH), Bitcoin (BTC), or Tether (USDT)
- Find a crypto exchange that supports Sienna currency and exchange your Ethereum / Bitcoin / Tether with the Sienna
- Store your Sienna to a secured wallet
That’s the first step in buying Sienna, once you get your Bitcoin or Ethereum or Tether, you can continue to the next step.
Choosing the Best Cryptocurrency Exchange for Your Investments
After you have your Coinbase account, you need to choose a cryptocurrency exchange to make your deals, then you need to transfer your newly purchased BTC or ETH or USDT from your Coinbase wallet.
With so many options out there and so many unbalanced reviews across the internet, it can be quite challenging to choose the right exchange service. Since we are looking out for you and we are interested in making you win money as well, we have taken the liberty of picking ten of the best ranking exchanges you can contact on the internet. For the sake of transparency, we can tell you that our operations keep running each time you click on these recommendations.
These are the best exchanges we can recommend for you to exchange BTC or ETH or USDT with Sienna:
Gate.io is a crypto exchange service that is part of Gate Technology Inc. Gate.io is registered in Virginia, United States, and founded in 2017. They only handle transactions using cryptocurrencies, so you won’t find Fiat options with them. Since they work with the best ranked digital assets in the industry, they can average up to $48million in transactions.
- Deposit Methods: Cryptocurrency Only
- Fiat Currencies: N/A
- Supported Cryptocurrencies: BCH, EOS, TRX, ONT, ETH, BTC, BTM, AE, OCN, ADA, IHT, XRP, ETC, NAS, LTC, & over 1040+ more
- Trading Pairs: 1801+
Binance is the top-ranked cryptocurrency exchange in the market, and it’s the place to go to trade large volumes of digital assets. They established their operations back in 2017 in Malta, one of the few countries to openly embrace cryptocurrencies as a financial instrument. They currently average up to 1.2 billion dollars in trade right now. Binance.com is unable to provide services to U.S. citizens or residents.
- Deposit Methods: Bank transfer (ACH), Bank transfer, Cryptocurrency, Debit card, Wire transfer
- Fiat Currencies: USD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH, KZT & 5+ more
- Supported Cryptocurrencies: BTC, EOS, BCH, ETH, FET, XVG, TRX, NEBL, XRP, NEO & 345+ more
- Trading Pairs: 1189+
Bybit is a leading cryptocurrency exchange offering a secure and efficient trading platform for digital asset enthusiasts. Founded in 2018, it specializes in derivatives trading, including perpetual and futures contracts, with high leverage options. Known for its user-friendly interface, Bybit caters to both novice and professional traders. The platform provides advanced tools, including charting and risk management features, ensuring a seamless trading experience. Bybit also supports spot trading, staking, and passive income opportunities. With 24/7 customer support, robust security measures, and a reputation for reliability, Bybit has become a popular choice for crypto traders seeking innovation and transparency.
- Deposit Methods: Cryptocurrency, Credit/Debit card, Third-party payment services, Peer-to-Peer (P2P) trading
- Fiat Currencies: USD, EUR, GBP, JPY, and 60+ more
- Supported Cryptocurrencies: BTC, ETH, XRP, LTC, DOGE, and 300+ more
- Trading Pairs: 500+
MEXC is a global cryptocurrency exchange platform known for its user-friendly interface, extensive range of listed cryptocurrencies, and innovative features. Established in 2018, MEXC provides trading services such as spot, futures, and margin trading, catering to both beginners and advanced traders. The platform supports a wide variety of altcoins, often listing new and promising projects. MEXC is popular for its high liquidity, competitive trading fees, and robust security measures, including two-factor authentication and fund protection protocols. It also offers staking and earning opportunities through its launchpad and DeFi integration, making it a versatile choice for crypto enthusiasts worldwide.
- Deposit Methods: Bank transfer (ACH), Cryptocurrency, Debit card, Wire transfer
- Fiat Currencies: USD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH, KZT & more
- Supported Cryptocurrencies: BTC, EOS, BCH, ETH, FET, XVG, TRX, NEBL, XRP, NEO & over 2,700 others
- Trading Pairs: Over 3,000
IMPORTANT! Once you are registered to the crypto exchange above, Go back to COINBASE and send your Bitcoin/Ethereum/Tether to your new exchange. Find the wSIENNA/BTC or wSIENNA/ETH or wSIENNA/USDT trading pair and then place the order to buy those pairing cryptocurrencies.
Most likely you’ll find this pair available to you wSIENNA/USDT – so you need to convert your BTC or ETH to USDT first in order to buy Sienna (wSIENNA)
Step 3: Managing Your Crypto Assets in a Secure Wallet
As your portfolio of crypto assets expand, you will need to have a crypto wallet to keep your goods safe. There are thousands of service providers on that end, and choosing the right one would take an entirely new guide to share some knowledge about this topic.
You can install one of these wallets in your hardware. That way, you can keep your currencies in your devices, such as your desktop or laptop. If you prefer, you can also use an online wallet to keep your holdings safe on the internet.
There are also options to have mobile wallets installed on your smart device, but most of them are lacking in the space department. The final option would be a paper wallet, which is nothing more than a euphemism to get an official legal document that states the content of your wallet and the keys to gain access to them.
For Securing your Sienna (wSIENNA) We recommend you to use hardware wallet which support many cryptocurrencies – Choose between these two: Ledger or Trezor
LEDGER NANO-X: Securely trade on-the-go and manage a large number of assets at the same time, with only one device.
- Secure
- Mobile Friendly
- Easy to Manage
- Supported Coins: 1200+
TREZOR MODEL-T: The next-generation cryptocurrency hardware wallet, designed to be your universal vault for all of your digital assets. Store and encrypt your coins, passwords and other digital keys with confidence.
- Invented for your digital independence
- keeps your keys safe
- Easily back up your entire wallet
- Supported Coins: 1093+
Frequently Asked Questions (Faqs)
Can I Buy Sienna (wSIENNA) with PayPal?
You won’t be able to buy this directly with PayPal. If you are going to use PayPal, you need to buy Bitcoin or Ethereum first and then exchange it with the Sienna. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.
Can I Buy Sienna (wSIENNA) with Cash?
You can’t buy it directly, you need to get bitcoin/ethereum first. buying BTC or ETH with cash you can do the following:
- Make sure you have a BTC / ETH wallet before you buy from seller
- Go to LocalBitcoins and find person in your area who sells bitcoin/ethereum and accept cash.
Can I Buy Sienna (wSIENNA) with Skrill?
You can’t buy wSIENNA directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to Sienna. You can buy BTC/ETH with skrill by using these exchanges::
- LocalBitcoins
- Paxful
- Virwox
- SpectroCoin
- Lykke
- Exmo
- Coingate
Can I Buy Sienna (wSIENNA) with Bitcoin?
Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair wSIENNA/BTC and begin the transactions.
Can I Buy Sienna (wSIENNA) with Ethereum?
Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support wSIENNA/ETH trading pair.
What Is the Best Payment Method to Buy Sienna (wSIENNA)?
The cheapest way is to use bank account to buy Bitcoin or Ethereum or Tether first or to buy the Sienna right away. The fastest way is to use a credit card but you will then be charged higher fees.
How to Protect Sienna (wSIENNA)?
Once you have purchased the Sienna, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:
How to Sell Sienna (wSIENNA)?
Find a crypto exchange which allow pairing wSIENNA with BTC or ETH or USDT – convert it back to Bitcoin or Ethereum, then sell your BTC or ETH for a fiat currency.
Can I Mine Sienna (wSIENNA) and Not Buying It?
You can’t mine this actually. It has a completely different network and structure than the regular Bitcoin. The only way to own a Sienna is to buy it from a reliable exchange.
Conclusion
Sienna wants to create a platform where interoperable DeFi is possible. It wants to make scalable and privacy-first DeFi that is interoperable with the biggest and most well-known blockchain ecosystems, like BSC, Polkadot. Cosmos, Ethereum, and others. Sounds like a great investment opportunity? Then interested investors should buy Sienna (ERC20) (WSIENNA) to join.
