How to Buy WorldCoin: A Step-by-Step Guide

When it comes to buying crypto, several important factors come into play, including location and protocol. Among various cryptocurrencies, WorldCoin stands out as a unique digital asset that may be more difficult to obtain than others. While WorldCoin is not currently supported across the vast Coinbase ecosystem, there are alternative ways to get it. In this guide, we will walk you through the step-by-step process to buy WorldCoin and highlight important tips to ensure a smooth transaction.

Check CoinMarketCap for WorldCoin Availability

The first step to acquiring WorldCoin was checking out CoinMarketCap, a comprehensive platform that lists various cryptocurrencies and their buying options, also known as market pairs. Follow this step:

1. Visit CoinMarketCap and search for “WorldCoin.”
2. Click the “Market” button next to the price chart.
3. A full list of platforms offering WorldCoin purchases will appear, along with the currency you can use to buy them.
4. Look for the abbreviation “WDC” (WorldCoin) paired with the second currency. The second currency is what you will use to get WorldCoin. For example, if you prefer to use US Dollars, search for “WDC/USD”.

Select Appropriate Platform for Purchase

Choosing the right platform for your crypto purchases is very important. Different platforms offer different levels of security, reliability and liquidity. Before creating an account, do thorough research to identify the platform that meets your needs and ensures a safe and smooth purchasing experience.

Complete a Purchase on Your Preferred Platform

Each platform operates differently, with some being more user-friendly than others. Generally, buying crypto with fiat currency like US Dollars is easier than buying it with other cryptocurrencies. If you intend to buy WorldCoin with other crypto, follow these steps:

1. Create a crypto wallet that supports WorldCoin. (see more below)
2. Buy the first cryptocurrency using your desired currency.
3. Use the first currency to buy WorldCoin on the platform you have chosen.

If you encounter any difficulties during the buying process, most platforms offer helpful guides. Additionally, there are vibrant crypto communities on platforms like YouTube and Twitter, where enthusiasts often share valuable guides and insights.

Introducing WorldCoin: Empowering the New Financial Network

Worldcoin was founded with the vision to build a globally inclusive financial identity and network, owned by the majority of humanity, while adhering to organic principles. If successful, Worldcoin could significantly increase economic opportunity, offer a reliable solution to differentiate humans from online AI, while preserving privacy, enable global democratic processes, and pave the way for an organic, AI-funded Universal Basic Income (UBI).

Worldcoin consists of a network of privacy-preserving digital identities known as World ID, built on a foundation of proof of personality, together with a digital currency called WLD, where permitted by law. Every human being is entitled to receive a share of the WLD simply for being human. Today, World ID and WLD are complemented by World App, the first frontend for World ID and Worldcoin Protocol, carefully developed by the team of contributors at Tools for Humanity (TFH).

“Proof of personality” serves as a fundamental pillar of Worldcoin, which aims to establish a unique and humane individual identity. Once verified, it gives individuals the ability to assert their real person status without revealing their real world identity.

Today, personality proof remains an unresolved global challenge, making online voting and large-scale distribution of grades problematic. This problem becomes more critical as AI models become more and more robust, making it difficult for humans to be distinguished from bots. If Worldcoin is successful, World ID has the potential to become a global standard for personality proofing.

Some of the core assumptions underlying the Worldcoin philosophy are:

1. Proof of personhood is an important digital primitive, especially as AI becomes more powerful.
2. Inclusive, measurable personality tokens align incentives among network participants, encouraging the addition of real people to the network.
3. Worldcoin issues tokens (WLD) to grow the network with the security inherited from Ethereum, similar to the way Bitcoin secures the Bitcoin network.
4. Custom biometric hardware provides the most reliable way to issue global personality proofs, especially in an era of advances in AI.

World ID World ID protects privacy while proving an online personality through zero-knowledge proof, facilitated by a special biometric device called an Orb. Orb is designed to offer a viable long-term solution to AI-secure proof of personality verification. World IDs are issued on the Worldcoin protocol, enabling individuals to prove their humanity to any verifier, including web2 applications, while maintaining privacy. In the future, the protocol will also allow the issuance of other credentials.

World ID aspires to be personbound, ensuring it is used exclusively by the individual receiving it. It will be very challenging for fraudsters who steal or obtain World ID credentials to use them, and individuals must have the means to regain possession of lost or stolen World IDs.

Worldcoin tokens are issued to all network participants to align their incentives with network growth. This is critical in the early stages to overcome the “cold start problem” and can result in the widest distribution of Worldcoin (WLD) tokens.

World App World App acts as the initial frontend for World ID, guiding individuals through Orb verification and securely managing their World ID credentials. It implements a cryptographic protocol to share these credentials with third parties while maintaining privacy. The goal is to provide seamless access to a global decentralized financial infrastructure, with the potential for many different wallets to integrate World ID in the future.

How does Worldcoin work?

Worldcoin revolves around World ID, a global identity network that safeguards privacy. Through World ID, individuals can prove their original and unique human identity to any platform integrated with the protocol. This facilitates fair airfreight, protects against attacks by bots and sybils on social media, and enables a more even distribution of limited resources. Additionally, World ID has the potential to facilitate global democratic processes and innovative forms of governance, such as quadratic voting, and could ultimately support an organic pathway to AI-funded UBI.

In order to engage with the Worldcoin protocol, individuals must first download the World App, which supports the creation of a World ID. Individuals visit an Orb, a physical imaging device, to verify their Orb World ID. Most Orbs are operated by independent local businesses called Orb Operators. Orb uses multispectral sensors to verify humanity and uniqueness, issuing Orb verified World IDs, with all images immediately deleted on the device by default (unless explicit consent to Data Retention is given).

Potential Applications Worldcoin has the potential to increase global equality of opportunity by enabling universal access to a decentralized identity and financial infrastructure. As networks grow, their uses are expected to expand, leading to transformative changes in how humans transact values, identify themselves, and interact online. This can include:

Finance

• Fast and seamless digital money transfers, connecting the world economically.
• Digital money transactions are safer than cash, especially during crisis situations.
• Direct ownership and control of assets without relying on third parties.

Identity

• Filter bots and spam messages through a healthy and seamless digital identity.
• Inclusive global democratic governance mechanisms through reliable personality proof.
• Aligning incentives for companies and consumers, reducing fraud and benefiting both parties.

The Crossroads of Finance and Identity

• Equal distribution of scarce resources through personality tokens benefits social welfare programs.
• Ensuring everyone’s involvement in the governance of AI to maximize benefits for all humans.

Worldcoin’s organic approach seeks to revolutionize the digital economy while upholding the principles of privacy, inclusiveness and transparency for the great majority of humanity.

Get started with WorldCoin

To start your journey with WorldCoin, follow these steps:

1. Download the World App, the first protocol compatible wallet for WorldCoin.
2. Visit Orb, a biometric verification device, to receive your unique World ID.
3. World ID serves as proof of your real and unique identity online while maintaining complete privacy.
4. As Orb’s global distribution grows, you can find your nearest Orb location and book a verification appointment through the World App or on worldcoin.org.

Take a leap into the world of WorldCoin and explore the possibilities of a decentralized and inclusive financial future. Empower yourself with a digital identity and currency that transcends borders and opens new horizons for economic growth and financial autonomy.

Notice: The information contained herein is not and should not be construed as an offer, solicitation or recommendation to buy or sell securities. This information is obtained from sources we believe to be reliable; however, no warranty is made or implied with respect to its accuracy, timeliness or completeness. Authors can own any cryptocurrency they are discussing. Information and content may change without notice. Visionary Financial and its affiliates do not provide investment, tax, legal, or accounting advice.

This material is prepared for informational purposes only and constitutes the opinion of the author, and is not intended to provide, and should not be relied upon for, investment, tax, legal, accounting advice. You should consult your own investment, tax, legal and accounting advisor before engaging in any transaction. All content published by Visionary Financial is not an endorsement of any kind. Visionary Financial was not compensated for submitting this article. Please also visit our Privacy policy; disclaimer; and the terms and conditions page for more information.