XVIX is currently listed on many cryptocurrency exchanges and cannot be purchased directly with fiat currency. However, you can still buy XVIX by purchasing Ethereum on any fiat-to-crypto and then transferring the funds to XVIX.
We’ll go over the steps for purchasing XVIX in great detail.
What is XVIX?
XVIX is a coin that absorbs volatility’s value and is the first to use non-uniform rebasing to incentivize liquidity provision without creating sell pressure.
On the 14th of December, 2020, XVIX became tradable for the first time. There are 177,820 units available. Currently, the market capitalization of XVIX is USD $unknown. The current price of XVIX is $29.59, and it is ranked 3161 on Coinmarketcap. It has lately increased by 51.00 percent.
The step-by-step guide to buying this currency is mentioned here. Have a look!!
- Register on Fiat-to-Crypto Exchange
To begin, you’ll need to purchase one of the major cryptocurrencies, in this case, Ethereum (ETH). In this essay, we’ll go over Uphold.com and Coinbase, two of the most popular fiat-to-crypto exchanges. We will go over the fee policies and other characteristics of both exchanges in depth. It gets recommended that you test both of them and choose which one is the best fit for you.
- Buy ETH with fiat money
Once you’ve completed the KYC process, you can move on to the next step. You’ll get prompted to select a payment option. You can use a credit/debit card or a bank transfer to complete this transaction. When you use a credit card, you’ll pay a cost, but you’ll be able to make a transaction right away. While a bank transfer is less expensive but takes longer, several countries allow quick cash deposits. Now go to the top left and click the ‘Trade’ button, select Ethereum, and confirm your transaction…and congratulations! You’ve just completed your first crypto transaction.
- Transfer ETH to an Altcoin Exchange
However, because XVIX is an altcoin, we still need to transfer our funds to an exchange where XVIX may get exchanged. There is a list that trades XVIX in market pairs. Visit their websites to sign up for an account. After that, you’ll need to deposit ETH from Coinbase to the exchange. You can then acquire XVIX from the exchange view once your deposit is validated.
- Binance
Binance is a renowned cryptocurrency exchange that started in China before moving to Malta, a crypto-friendly EU island. Binance gets noted for its crypto-to-crypto trading platform. Binance debuted amid the 2017 cryptocurrency craze and has since climbed to become the most popular cryptocurrency exchange on the planet. Unfortunately, citizens of the United States are unable to invest in Binance.
- Gate.io
Gate.io is a cryptocurrency exchange created in 2017 in the United States. Because this gets situated in the United States, US investors are welcome to participate, and we recommend that they do so. Gate.io’s main selling point is the number of trade pairs offered. That is where you’ll find the majority of the new altcoins. Gate.io has trade volume as well. In terms of trade volume, it is almost consistently among the top 20 exchanges.
- Store XVIX securely in hardware wallets
You should take care to protect your XVIX if you plan to keep it for a long time. Despite being one of the safest cryptocurrency exchanges, Binance hacked, and monies got lost. Because of their nature, exchange wallets will always be online, exposing unique elements of vulnerabilities. To date, the safest option to store your money is to use “Cold Wallets,” which only have access to the blockchain when you transfer out payments, lowering the risk of hacking. A paper wallet is a form of free cold wallet; it’s essentially an offline-generated pair of public and private addresses that you’ll write down and store safely. It is, however, not long-lasting and is vulnerable to a variety of dangers.
Other useful tools for trading XVIX
Since now you are aware of the step-by-step guide to buying XVIX, there are several others tools in which you can trade this currency. Some of them are mentioned here for the readers; sake of convenience.
Encrypted Secure Connection
- Nord VPN
Because of the decentralized bitcoin, users are responsible for safeguarding their funds. While having a hardware wallet helps you store your cryptos in a secure location, using an encrypted VPN connection while trading makes it more difficult for hackers to intercept or eavesdrop on your data.
- Surfshark
If you need a secure VPN connection, Surfshark is a considerably cheaper option. Although it is a relatively new firm, it already has over 3200 servers spread over 65 countries. Apart from VPN, it also includes some features like CleanWebTM, which actively filters advertisements, trackers, spyware, and phishing attempts when browsing on your browser.
- Atlas VPN
Atlas VPN got founded by a group of IT nomads who saw a need for free VPN services in the industry and decided to provide them. Atlas VPN got created to provide everyone with unrestricted access to content with no limitations. Atlas VPN aimed to be the first free VPN to offer cutting-edge technology that was reliable and secure.
Crypto Ultimatum
Crypto Ultimatum is a comprehensive training program that teaches you from having no money to generating a fortune using cryptocurrency. The system employed took $100 and transformed it into $1006. But because the technique works so well, they turn this $1006 into a massive amount of $257,000 using Bitcoin and Crypto Currencies!
XVIX Price Prediction and Price Movement
XVIX has gained 49.5 percent in the previous three months, although its market capitalization is still deemed small. That means that the price of XVIX can be volatile compared to those with market capitalization during market swings. XVIX, on the other hand, can expand even more in the coming months and might produce some nice gains. Traders should exercise caution at all times.
Conclusion
There is no method to pay cash for XVIX. You can, however, buy ETH on exchanges like LocalBitcoins and then transfer your ETH to the proper AltCoin exchanges to complete the remaining steps. For more information on this cryptocurrency, stay connected with us!!