The Worldcoin Hong Kong listing was officially launched on July 23, 2023. Currently, exchanges including Binance, OKX, Bybit, Huobi, Gate io and others have announced their listing, and Bybit, Huobi and Gate io exchanges have opened trading first.

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Worldcoin

Worldcoin: Worldcoin is a low-level identity protocol consisting of "privacy-protected digital identity (World ID)" and "digital currency (WLD)". More than 2 million people around the world (most of whom are from the southern hemisphere) who have been verified by Orb (iris recognition device) will be able to receive their share of WLD tokens through the wallet World App.

There are currently three main tasks that Worldcoin is carrying out:

WorldID: A digital identity focused on protecting privacy and proving one’s personality

WorldCoin: The first token distributed to people worldwide for free, with plans to send it to 1 billion people

WorldAPP: A wallet for payments, purchases and transfers around the world

How to buy and sell WLD on the exchange

There are many exchanges where WLD can be traded. Below we will use Binance, the world's largest, as an example.

Register on Binance

If you want to trade WorldCoin on Binance, you must first register a Binance account.

1. Complete identity verification

Next, in order to prevent people from laundering money through cryptocurrencies, all users must pass Binance’s identity verification before they can trade.

But I believe that the readers who are reading this article should not have any intention of illegal transactions, so just follow the steps below to complete KYC!

The verification method is also very simple. Just fill in your name, address and other information (in Chinese) according to the official instructions, upload your ID and pass the facial verification.

In addition, although it says that the review will take 13 days, if the data is correct, you will soon receive a letter notifying you that you have passed the verification.

Before verification, you can prepare the following:

Identification documents: passport, driver's license, ID card (choose one of the three)

A mobile phone or computer with a camera (needs facial recognition)

When you are ready, just fill in the information step by step according to the above requirements.

2. Fill in your name, date of birth, and residential address

You will need to fill in your personal information at the beginning. If you are a Taiwanese user, you can leave your middle name blank. Click Submit & Next to start the document verification.

3. Upload your passport, driver's license, or ID card (choose one of the three)

Next, you need to upload your ID, whether it is your ID card, passport, or driver's license. You can upload a photo with your phone/computer, or directly upload the photo.

If you find it troublesome to take photos with a computer, Binance also provides you with the option of seamlessly connecting to your phone. (The premise is that your phone has been logged into the App)

4. Face recognition verification

The last step is face recognition verification, which requires the use of the lens or selfie function. The principle is similar to FaceID. Just face the prompts on the screen to complete the operation.

5. Complete account opening

After completing the previous three steps, identity verification is completed here.

Although the official website says that the review will take 13 days, in fact, if there is no problem with the data, you will soon receive a letter notifying you that you have passed the verification.

After receiving the letter, the official will help you upgrade to LV2 membership level and increase the withdrawal limit to 100 BTC.

How to buy WLD coins on the exchange?

First, you need to learn how to buy USDT, also known as the stablecoin. You can buy U on Binance with a credit card. Here is the process:

How to buy USDT on Binance?

After entering the official website, select > Buy Coins > Buy Coins with Credit Card at the top, confirm that the payment method is New Taiwan Dollar (TWD), and enter the amount you need to purchase.

If it is the first time, you will be asked to bind your credit card information. Remember to use the credit card in your own name, otherwise there may be problems.

After binding, return to the credit card purchase interface, select TWD on the top and USDT on the bottom, then enter the amount of Taiwan dollars you want to invest;

You can also directly enter the amount of USDT you want to buy below, and the system will automatically convert it into Taiwan dollars for you.

There will be a second confirmation afterwards. If there is no problem, click "Continue" and "Confirm"; if the price is not confirmed within ten seconds, the system will refresh the price.

If the card swipe fails, it means that your card does not support Binance. Just change the card.

Spot Trading Tutorial

First enter the WLD/USDT trading interface and scroll down to see the limit price and market price options.

The market price is to buy directly at the current price. The advantage is a high transaction rate, but the disadvantage is that you may not be able to buy at the price you want.

The limit price means you set your own price. The advantage is that you can buy at the price you want; the disadvantage is that the transaction may not be completed.

Next, enter the quantity you want to buy (if it is a limit order, you must also write the price).

Contract operation tutorial

Contract trading means that if you think the price of WLD will fall in the future, you can choose to "short" and make a profit through the falling price of the currency; on the contrary, if you think that WLD has a good prospect and the price of the currency is about to soar, you can also earn rewards by "going long"!

It is also very simple to operate WLD contract trading on Binance. It is only one step away from spot trading.

That is, you need to transfer the USDT you just bought through the credit card to the U-standard contract account. Just click "Transfer" in the wallet to transfer funds!

※Note: For readers who have experience in stock trading, this step is actually to transfer funds from your deposit account (spot wallet) to the stock delivery account (U-standard contract)

After the transfer is completed, enter the contract trading interface (click the text on the left to enter), click "Buy (Long)/Sell (Short)", and you can complete the contract transaction.