What Is Pudgy Penguins?

Pudgy Penguins, which originally begin as an profile picture NFT project and has since evolved into a content, merchandise, toy and digital collectable company.

They have many exciting projects on the horizon such the pending releases of their games PudgyWorld and Pengu Clash.

Learn more about Pudgy Penguins from their official site.

Disclaimer

All content on this site is for entertainment purposes only and is by no means legal, investment, financial or any other type of legal advice. Cryptocurrency investing is extremely high risk, there is a chance you will lose your entire investment. All actions taken by the reader based on the content in this article is solely their responsibility. I am not a financial advisor and this is not financial advice. Offer’s outlined in this article may not be current. Always verify the terms, conditions and status of all offers.

There are two main paths that can be taken to purchase $PENGU token:

Centralized Exchanges

Exchanges such as Wealthsimple, Kraken, Coinbase allow a simple purchasing flow of Pudgy Penguins. Signing up for an exchange usually requires basic personal information, a KYC process and adding of a funding source such as your debit card or bank account. Following the initial setup, coins can be purchased in as little as a few clicks straight from your debit card or bank.

The downsides of centralized exchanges is potentially higher fees and less control over your coins. This is where many users find it’s worth it to take the small extra steps to use a decentralized wallet.

Decentralized Exchanges

Purchasing through a decentralized wallet generally consists of purchasing crypto from an exchange, withdrawing to your wallet, and then using a decentralized swap tool to exchange your coin (Solana in this case) for your desired coin.

Decentralized wallets give you more control over your tokens, may have lower fees but require a greater sense of responsibility over the security of your holdings.

Buying $PENGU From A Centralized Exchange

Wealthimple

-$PENGU/CAD
-Market or limit orders types
Warning: Wealthsimple is giving a “low liquidity” warning stating that the spread is greater than 1%. Use caution when trading this pair. Combined with Wealthsimple’s 2% crypto fee, it’s probably best to choose another platform when trading this pair.

Kraken Pro

-$PENGU/CAD (Direct Buy From Card, Regular), $PENGU/USD, $PENGU/USDC, $PENGU/EUR
-Limit, market, stop, iceberg + more order types

Coinbase Advanced

-$PENGU/CAD (Direct Buy From Card, Regular), $PENGU/USDC
-Market, limit and stop Limit order types

Crypto.com Advanced

-$PENGU/CAD (Direct Buy From Card, Regular), $PENGU/USD
-Market, limit, and stop loss order types

Buying $PENGU From A Decentralized Exchange

1. Purchase Solana

The first step is purchasing Solana either from a centralized exchange or swapping your current coins for solana.

2. Get Solana Into Your Decentralized Wallet

Next, withdraw your Solana from your exchange to get it into your wallet. If you don’t already have a Solana wallet, one of my favorites is Phantom due to its ease of use and built in swap features.

3. Swap Your $SOL For $PENGU

The final step is converting your Solana into Pengu. There are two main ways to do this

$PENGU token address: 2zMMhcVQEXDtdE6vsFS7S7D5oUodfJHE8vd1gnBouauv
Verify: https://coinmarketcap.com/currencies/pudgy-penguins/

1. Using the swap feature within your Phantom wallet.
Easy and quick swap within your wallet.

2. Using Jupiter Swap
By connecting your Phantom wallet to a site like Jupiter swap, you can benefit from the aggregation of liquidity from multiple DEX’s and AMM’s, allowing you to save on fees and slippage.

Summary

In summary, Canadians have several ways to acquire Pengu token, each with its own set of considerations. Whether prioritizing ease of use with centralized exchanges or seeking greater control through decentralized platforms, it’s essential to weigh the associated factors carefully. Readers should conduct thorough research and understand the inherent risks of cryptocurrency investment before proceeding.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered financial advice. Investing in cryptocurrencies involves significant risk, and you could lose money. Always do your own research and consult with a qualified financial advisor before making any investment decisions.  Serenomoney.com may get compensated for sign-ups from affiliate links embedded in this article.