How to Buy MXC (MXC) in 2022: A Simple Guide

MXC (MXC)In this guide you’ll get information about where to buy MXC, if you are planning to buy MXC token – You’re in the right place!

For those who find MXC’s concept to be a bit confusing and overwhelming, it’s about a decentralized platform dedicated as the future of IoT. In a more official term, MXC is a decentralized Web3.0 infrastructure that is created to connect the metaverse and real world. The network operates on PoP (Proof of Participation) mechanism with the Supernodes. The latter has a purpose to offer free open networks and scalability.

The platform is designed to address the issue related to connectivity, especially related to the IoT. We all know that IoT holds the technology of today, where devices can be connected to one another. However, such a technology has its own downsides and flaws. Some of the most common problems include sharing, coordination, and meshing. Sharing isn’t as easy as wanted because of signal issues. Signals generated from various Low Power WANs (Wide Area Networks) may collide to one another, so sharing can’t be managed successfully.

Well, MXC is designed to overcome those issues. Think of the platform as the users’ Smart City IoT Network (which is free) where the Supernodes would provide LPWAN coverage, based on geolocation, to the devices all over the world.

MXC (MXC) Features

  • M2M token. The MXC token is a part of ERC-20 token. Users can top the Supernodes up to cover the downlink fees related to the roaming usage of LPWAN device.
  • Native application. The platform has its own application. Users simply use their mobile phone to download and install the application, so they can access the service easily and manage everything from there.
  • Staking perk. MXC community members are able to stake. It provides the opportunity to share the profits of the Supernode. When users access the Supernode, they are charged a small percentage of a (network) transaction fees. It would be split between the Supernode Stakers, MXC Foundation, and Supernode Operator.
  • Mining hardware. The MXC mining hardware is manufactured and created by MatchX. Users have the ability to set LPWAN Gateway. As an exchange, they get MXC as rewards for their share. The MXC miners are basically a part of the multi token mining experience of the world, enabling them to mine other tokens and also MXC throughout their journey.

Where to Buy, Sell and Trade MXC

You can basically use debit card, credit card, or even PayPal to buy the MXC (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the MXC as the exchange.

With cryptocurrency, things are different. You need to use debit card or credit card to buy  Tether first. After you get the ETH or BTC or USDT, you can convert it to MXC. It takes several stages and processes. You need to gain access to the reputable cryptocurrency exchange first to make sure that everything is safe and sound.

In general, the process would be:

  1. You go to the online exchange and buy the Ethereum (ETH), Bitcoin (BTC), or Tether (USDT)
  2. Find a crypto exchange that supports MXC currency and exchange your Ethereum / Bitcoin / Tether with the MXC
  3. Store your MXC to a secured wallet

Step 1: Buy Bitcoin (BTC) or Ethereum (ETH) or Tether (USDT)

There is no better way to get started with cryptocurrencies than aiming high for the big boys. You have to buy your first shares of Bitcoin or Ethereum by creating an account at COINBASE. The best to do so is by creating a confirmed account in the platform and explore your options.

The site will ask for some basic information about yourself, make sure to tell the truth. Otherwise, you could face withholding of your investment. Make sure to type your name, your e-mail, and your password correctly. The stronger your password is, the safest your money will be. You will be asked to check your status as a living being using a re-captcha box and to agree to the terms of use of the platform.

Get $10 Bonus when you sign up for Coinbase!

coinbaseClick here to register (opens in new tab)

  • You will be asked to through the process of confirming your e-mail address as well as verifying your identity. It would be best if you went through that procedure at once to avoid any issues before putting money on the platform. Coinbase will ask for personal information such as your home phone number, your address, and proof of your identity using an official document such as a passport or a driver’s license.
  • Keep in mind that Coinbase takes some time to verify your ID, but once your account is verified, things can move forward on your end. By confirming your identity, you will have better security on your account, and the people working at Coinbase will be able to help you with easy on any issue you face. You will also be able to trade larger numbers of money on your transactions as well as other perks related to the trading information the goes inside the platform.
  • You can also manage your payment options. As we mentioned previously, the sites make it very easy to handle FIAT money to pay for the altcoins you want to have in your portfolio. You can check in your bank account to make direct deposits or withdrawals. While this method is excellent, it takes at least two days to verify it on Coinbase’s end. You can also register your credit cards, debit cards, and even your PayPal account in the buy/sell link located on the top menu.

That’s the first step in buying MXC, once you get your Bitcoin or Ethereum or Tether, you can continue to the next step.

Step 2: Choosing the Best Cryptocurrency Exchange for Your Investments

After you have your Coinbase account, you need to choose a cryptocurrency exchange to make your deals, then you need to transfer your newly purchased BTC or ETH or USDT from your Coinbase wallet.

With so many options out there and so many unbalanced reviews across the internet, it can be quite challenging to choose the right exchange service. Since we are looking out for you and we are interested in making you win money as well, we have taken the liberty of picking ten of the best ranking exchanges you can contact on the internet. For the sake of transparency, we can tell you that our operations keep running each time you click on these recommendations.

These are the best exchanges we can recommend for you to exchange BTC or ETH or USDT with MXC:

GATE.io
gate.ioGate.io is a crypto exchange service that is part of Gate Technology Inc. Gate.io is registered in Virginia, United States, and founded in 2017. They only handle transactions using cryptocurrencies, so you won’t find Fiat options with them. Since they work with the best ranked digital assets in the industry, they can average up to $48million in transactions.

  • Deposit Methods: Cryptocurrency Only
  • Fiat Currencies: N/A
  • Supported Cryptocurrencies: BCH, EOS, TRX, ONT, ETH, BTC, BTM, AE, OCN, ADA, IHT, XRP, ETC, NAS, LTC, & over 1040+ more
  • Trading Pairs: 1801+
KUCOIN
kucoinKucoin is one of the most solid exchanges in the market right now. They started to operate back in 2017. They take regular payment methods such as wire and bank transfers as well as other cryptocurrencies. They have a presence both in the Google Play Store and the iOSAppStore. Kucoin also offers discount trading fees, as well as significant dividends on half the transactions they do. They have a presence both in the Google Play Store and the iOSAppStore.

  • Deposit Methods: Cryptocurrency, Express Polish Post Office 24/7, Wire transfer, GBP bank transfers
  • Fiat Currencies: USD, EUR, PLN, GBP and 47+ More
  • Supported Cryptocurrencies: BTC, ETH, XRP, BCH, TRX, LTC, DASH, XMR, XLM, OMG & 512+ more
  • Trading Pairs: 1044+

IMPORTANT! Once you are registered to the crypto exchange above, Go back to COINBASE and send your Bitcoin/Ethereum/Tether to your new exchange. Find the MXC/BTC or MXC/ETH or MXC/USDT trading pair and then place the order to buy those pairing cryptocurrencies.

Most likely you’ll find this pair available to you MXC/USDTso you need to convert your BTC or ETH to USDT first in order to buy MXC (MXC)

Step 3: Managing Your Crypto Assets in a Secure Wallet

As your portfolio of crypto assets expand, you will need to have a crypto wallet to keep your goods safe. There are thousands of service providers on that end, and choosing the right one would take an entirely new guide to share some knowledge about this topic.

You can install one of these wallets in your hardware. That way, you can keep your currencies in your devices, such as your desktop or laptop. If you prefer, you can also use an online wallet to keep your holdings safe on the internet.

There are also options to have mobile wallets installed on your smart device, but most of them are lacking in the space department. The final option would be a paper wallet, which is nothing more than a euphemism to get an official legal document that states the content of your wallet and the keys to gain access to them.

For Securing your MXC (MXC) We recommend you to use hardware wallet which support many cryptocurrencies – Choose between these two: Ledger or Trezor

ledger nano x

LEDGER NANO-X: Securely trade on-the-go and manage a large number of assets at the same time, with only one device.

  • Secure
  • Mobile Friendly
  • Easy to Manage
  • Supported Coins: 1200+

trezor model t

TREZOR MODEL-T: The next-generation cryptocurrency hardware wallet, designed to be your universal vault for all of your digital assets. Store and encrypt your coins, passwords and other digital keys with confidence.

  • Invented for your digital independence
  • keeps your keys safe
  • Easily back up your entire wallet
  • Supported Coins: 1093+

Frequently Asked Questions (Faqs)

Can I Buy MXC (MXC) with PayPal?

You won’t be able to buy this directly with PayPal. If you are going to use PayPal, you need to buy Bitcoin or Ethereum first and then exchange it with the MXC. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.

Can I Buy MXC (MXC) with Cash?

You can’t buy it directly, you need to get bitcoin/ethereum first. buying BTC or ETH with cash you can do the following:

  • Make sure you have a BTC / ETH wallet before you buy from seller
  • Go to LocalBitcoins and find person in your area who sells bitcoin/ethereum and accept cash.

Can I Buy MXC (MXC) with Skrill?

You can’t buy MXC directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to MXC. You can buy BTC/ETH with skrill by using these exchanges::

  • LocalBitcoins
  • Paxful
  • Virwox
  • SpectroCoin
  • Lykke
  • Exmo
  • Coingate

Can I Buy MXC (MXC) with Bitcoin?

Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair MXC/BTC and begin the transactions.

Can I Buy MXC (MXC) with Ethereum?

Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support MXC/ETH trading pair.

What Is the Best Payment Method to Buy MXC (MXC)?

The cheapest way is to use bank account to buy Bitcoin or Ethereum or Tether first or to buy the MXC right away. The fastest way is to use a credit card but you will then be charged higher fees.

How to Protect MXC (MXC)?

Once you have purchased the MXC, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:

Ledger Wallet

Trezor Wallet

 

 

 

 

 

 

How to Sell MXC (MXC)?

Find a crypto exchange which allow pairing MXC with BTC or ETH or USDT – convert it back to Bitcoin or Ethereum, then sell your BTC or ETH for a fiat currency.

Can I Mine MXC (MXC) and Not Buying It?

You can’t mine this actually. It has a completely different network and structure than the regular Bitcoin. The only way to own a MXC is to buy it from a reliable exchange.

Conclusion

The platform believes that users can work together with the platform, and the collaboration can significantly change the world. The concept of IoT may be advanced and sophisticated, but it has its own flaws. With MXC, those issues can be resolved efficiently. To join the platform, users must buy MXC first before start reaping the benefits.

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