How to Buy CZSTATUE Coins: Guide, Risks, and Things You Need to Know

If you're searching for “how to buy CZSTATUE coins,” you've probably seen the hype on social media. CZSTATUE is a new memecoin on the BNB Chain network inspired by viral moments surrounding public figures in the crypto world.

But before we talk about the technicalities of purchasing, there is one thing that must be emphasized from the outset: Binance founder, Changpeng Zhao (CZ), has issued a direct warning to the public not to buy this token.

He denies any involvement and says that tokens like this have the potential to be a way for others to make quick money off his name.

Read also: How to Buy ZKWASM on an Exchange After Listing — A Complete Guide for Traders

What is CZSTATUE and Why is it Being Discussed So Much

CZSTATUE is a speculative memecoin that was born out of a viral moment. This token is available on the BNB Chain and is traded on several exchanges that support high-risk tokens such as memecoins themed around public figures.

Its main characteristics are similar to many other memecoins: it has no clear technical utility, but it has an intriguing story. That's what makes people curious.

However, it's crucial to note that CZ himself does not support this token. He has even publicly stated not to buy it. So from the start, we must understand the basic position:

1. CZSTATUE is a high-risk token.
2. The price volatility is extreme, with the potential to drop tens of percent in just a matter of hours.
3. There is no guarantee who holds the large supply, or whether whales will sell in bulk.

So why do people still get involved? Because they are chasing momentum. Therefore, before you join, you must know the technical steps, but also the risk mindset.

Read also: How to Get MYX Finance Rewards Through Staking and Yield Farming

How to Buy CZSTATUE Coins Through a Centralized Exchange

Many people prefer buying through a centralized exchange (CEX) because its interface resembles a typical trading app. Some exchanges reported to support tokens like CZSTATUE include MEXC, Bitget, KCEX, and LBank.

The process is largely similar, so we’ll use MEXC as an example for clarity.

Here are the general steps in a list format:

1. Register and verify your account
   • Create an account on your chosen exchange (e.g., MEXC).
   • Use an active email address.
   • Complete the KYC (Know Your Customer) process by uploading identification such as an ID card or passport. Without KYC, many exchanges will restrict deposits, trading, or withdrawals.
2. Deposit funds
   • Once your account is active, make a deposit. There are usually several payment methods, including local bank transfers, e-wallets, debit or credit cards, P2P markets, or direct crypto deposits (e.g., USDT or USDC).
   • To buy tokens such as CZSTATUE, the available trading pair is usually against USDT. This means that it is most practical for you to deposit USDT.
3. Go to the spot trading page
   • Open the “Trade” or “Spot Trading” menu on the exchange's app or website.
   • Find the token trading pair, for example CZSTATUE/USDT. Make sure you select the correct token contract, as memecoins often have fake tokens.
4. Select how to buy
   • Market order: buy immediately at the current market price. Suitable for beginners because it is instant.
   • Limit order: you set the price you want. The order will only be executed when the price reaches that level.
5. Determine the amount
   • Enter the amount of USDT you want to exchange for CZSTATUE. The system will display an estimate of how many tokens you will receive.
6. Confirm
   • Click buy and complete the order. If it's a market order, the transaction is usually executed immediately.
7. Save the results
   • Once successful, the CZSTATUE tokens will appear in your internal exchange wallet.
   • You can leave them there for a while, or send them to your personal wallet if you feel safer holding the keys yourself. However, storing them yourself means you are fully responsible for the security of your wallet.

Important note: meme coins like CZSTATUE can drop dramatically even after you buy them. So don't be surprised if the value plummets a few minutes later. This is the speculative nature of memecoins.

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How to Buy CZSTATUE Through DEX on BNB Chain

Apart from buying on a centralized exchange, you can also buy through a DEX (decentralized exchange) such as PancakeSwap on the BNB Chain network. This method is more technical because you will interact directly with the smart contract using your own wallet. The steps are as follows:

1. Prepare a personal crypto wallet
   • Use a non-custodial wallet such as MetaMask, Trust Wallet, or Bitget Wallet.
   • Make sure you have set up the BNB Chain (BNB Smart Chain) network in the wallet.
2. Top up your BNB or USDT balance in the wallet
   • You need to have assets for swapping. BNB is usually used for gas fees as well.
   • If you don't have BNB yet, you can buy BNB on a centralized exchange, then send it to your wallet address on the BNB Chain.
3. Connect your wallet to the DEX
   • Open a DEX such as PancakeSwap via a Web3-enabled browser or your wallet's built-in browser.
   • Connect your wallet by pressing “Connect Wallet.”
4. Select the tokens to swap
   • Select BNB or USDT as the initial asset.
   • Enter the official CZSTATUE contract address as the swap destination token. This is very important because there are often fake tokens on DEXs. Wrong contract = potential rug pull or fake token.
5. Swap and confirm
   • Enter the amount you want to swap.
   • See the estimated amount of CZSTATUE you will receive.
   • Confirm the transaction and pay the gas fee.
   • After the transaction is successful, CZSTATUE will appear in your wallet. Sometimes you need to manually add tokens for them to appear in your asset list.
6. Monitor liquidity risk
   • DEXs don't always have order books like CEXs. If liquidity is thin, you may experience high slippage. This means you pay more but get far fewer tokens than expected.
   • This often happens with new memecoins.

The DEX method gives you full control over your assets, but it also gives you full responsibility for security, including the risk of incorrect contract addresses.

Read also: How to Buy Tokens on DEX Safely: Check Contracts & Slippage

Risk Warning and Why You Should Be Extra Careful

At this point, it's important to discuss a part that people who FOMO often overlook. CZSTATUE is not Bitcoin. CZSTATUE is not Ethereum. CZSTATUE is not a stablecoin. CZSTATUE is a very young, highly speculative memecoin that is heavily dependent on hype.

Here are some of the main risks you should be aware of:

1. Direct warning from CZ
2. The founder of Binance has said not to buy this token. That is a strong signal that this token is not official and is not supported by the party whose name is used in the token's branding.
3. Extreme volatility
4. Early reports show that CZSTATUE once skyrocketed to a market capitalization of millions of dollars, then crashed by tens of percent to over 80 percent in a matter of hours. Conditions like this are common in memecoins, and very dangerous for latecomers.
5. Liquidity is not guaranteed
6. When the hype dies down, trading volume can also decline. If there are no buyers when you want to exit, you could be stuck holding tokens that are practically unsellable.
7. Large holdings concentrated in a few wallets
8. If one wallet holds a significant portion of the supply, that wallet could sell in large quantities and cause the price to plummet suddenly. This is often referred to as a dump.
9. No clear utility
10. Tokens like this usually have no use other than price speculation. That means their long-term value is uncertain.

So, while buying CZSTATUE may be technically possible, from a risk management perspective, it's a high-stakes game. Don't use funds for essential needs. Consider this a lesson in crypto market psychology, not a long-term savings instrument.

Read also: What is Union (U)? How to Buy Union (U) Tokens and Price Prediction for 2025

Trading Security: Why Beginners Should Start with a Secure Platform

If you are new to the world of crypto, a healthier step than jumping straight into high-risk memecoins is to start with a trusted platform and more established assets. This is where platforms such as Bittime come into play.

Bittime emphasizes user asset security, support for Rupiah deposits, and a more beginner-friendly trading experience. By entering through a platform with clear security, you can:

1. Learn how to deposit funds safely.
2. Understand how to use market and limit orders.
3. Get acquainted with major crypto assets or stable assets first.
4. Gradually understand the risks before touching memecoins like CZSTATUE.

If you are just starting out and want to feel secure, the approach is simple:

Open an account on Bittime, make a deposit, learn the basics of crypto trading, and use two-factor authentication for account security. This is much healthier than going “all in” on hyped tokens right away.

Conclusion

Technically, buying CZSTATUE coins is not difficult. You can register on an exchange like MEXC or a similar platform, deposit USDT, and then buy the CZSTATUE/USDT pair. Or use a DEX on the BNB Chain with a personal wallet, swapping from BNB or USDT to CZSTATUE.

So, what is the wisest step? For beginners, it's best to start with more stable assets, use a secure trading platform like Bittime, and understand the basic mechanisms of the crypto market first.

How to Buy Crypto on Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

FAQ

What is CZSTATUE?

CZSTATUE is a memecoin on the BNB Chain network created based on viral moments surrounding public figures in the crypto world. This token is speculative and has no strong utility other than hype.

Is it safe to buy CZSTATUE?

The risk is very high. The price can fall by tens of percent in a matter of hours. Even the figure who inspired its name has warned the public not to buy it.

How do I buy CZSTATUE?

Generally, you can buy it through centralized exchanges like MEXC or through DEXs like PancakeSwap on the BNB Chain by swapping from BNB or USDT. However, the decision to buy is entirely your responsibility.

Why do many people still buy memecoins like CZSTATUE?

Usually because of FOMO. People hope to get in quickly, see the token rise rapidly, and then exit quickly. The problem is, most people who act on FOMO tend to enter when the price is already at its peak.

Should beginners buy this token right away?

It's best not to. For beginners, it's safer to start with a secure exchange like Bittime, understand how the market works first, and then determine your personal risk profile before diving into memecoins.