In this guide you’ll get information about where to buy Position Exchange, if you are planning to buy POSI token – You’re in the right place!
Those who are into crypto trading and exchange would be interested in learning more about Position Exchange, especially if the claim is true: It is able to bridge the existing gap between crypto market and people. Position Exchange is designed as a new type of Decentralized Exchange and Trading network. It operates on BSC and it is run by the vAMM (virtual Automated Market Maker).
It’s safe to call it a hybrid platform because it combines all the good things from both decentralized finance as well as the traditional one. It focuses on delivering all DeFi benefits while keeping the traditional centralized finance tools and experience onboard. Not only it offers accessible and easy on-chain (derivatives) trading, but it also offers low slippage, low cost, and high leverage on the crypto assets.
Their vision is to construct a platform that isn’t only decentralized, but also community driven within DeFi sector. The platform wants each user to be a part of the network and play their role, especially in making decisions of what they are going to do next or in which way they should grow and develop. In short, every user is expected to contribute in Position Exchange growth and future development.
- Official website: https://position.exchange/
- Twitter: https://twitter.com/PositionEx
- Telegram: https://t.me/PositionAnn
- Reddit: https://reddit.com/r/PositionExchange
- Whitepaper: https://position.exchange/whitepaper.pdf
Table of Contents
Position Exchange (POSI) Features
- Easy investment. Investment would be the main core of the platform. The idea is to let the cryptocurrency do the work for the holders, and they don’t even have to do anything. POSI holders are able to stake their tokens within the staking pools, where they will get transaction fees and rewards. Through staking, they indirectly contribute to the platform because they support the system.
- Convenient build. Users are able to enjoy fast and easy API creation within the chain. This platform’s protocol functions as the core of DeFi infrastructure. It is a part of financial and permissionless development platform that offers versatile and flexible vAMM. As a result, the platform is open and inviting for developers as they can enjoy the customizability and flexibility.
- Profitable trade. Users can always elevate their trade to a higher level. With derivatives trade (on chain), users can enjoy gas costs, low slippage, low fees, and high leverage. The platform offers efficient trading without compromising the best price. Users can exchange their tokens (the ERC-20) easily and without permission.
Where to Buy, Sell and Trade Position Exchange aka POSI
You can basically use debit card, credit card, or even PayPal to buy the Position Exchange (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the Position Exchange 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 Position Exchange. 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:
- You go to the online exchange and buy the Ethereum (ETH), Bitcoin (BTC), or Tether (USDT)
- Find a crypto exchange that supports Position Exchange currency and exchange your Ethereum / Bitcoin / Tether with the Position Exchange
- Store your Position Exchange 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.
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- 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 Position Exchange, 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 Position Exchange:
Gate.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+
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 POSI/BTC or POSI/ETH or POSI/USDT trading pair and then place the order to buy those pairing cryptocurrencies.
Most likely you’ll find this pair available to you POSI/USDT – so you need to convert your BTC or ETH to USDT first in order to buy Position Exchange (POSI)
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 Position Exchange (POSI) We recommend you to use hardware wallet which support many cryptocurrencies – Choose between these two: Ledger or Trezor
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: 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 Position Exchange (POSI) 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 Position Exchange. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.
Can I Buy Position Exchange (POSI) 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 Position Exchange (POSI) with Skrill?
You can’t buy POSI directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to Position Exchange. You can buy BTC/ETH with skrill by using these exchanges::
- LocalBitcoins
- Paxful
- Virwox
- SpectroCoin
- Lykke
- Exmo
- Coingate
Can I Buy Position Exchange (POSI) with Bitcoin?
Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair POSI/BTC and begin the transactions.
Can I Buy Position Exchange (POSI) with Ethereum?
Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support POSI/ETH trading pair.
What Is the Best Payment Method to Buy Position Exchange (POSI)?
The cheapest way is to use bank account to buy Bitcoin or Ethereum or Tether first or to buy the Position Exchange right away. The fastest way is to use a credit card but you will then be charged higher fees.
How to Protect Position Exchange (POSI)?
Once you have purchased the Position Exchange, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:
How to Sell Position Exchange (POSI)?
Find a crypto exchange which allow pairing POSI 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 Position Exchange (POSI) 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 Position Exchange is to buy it from a reliable exchange.
Conclusion
In an overall sense, Position Exchange wants to make (decentralized) derivatives trading as easy as possible, so they make a platform that can support their vision. They also want to create a platform that is driven by its community, appealing and inviting everyone. Interested users and investors are welcomed to join, but they must buy Position Exchange (POSI) first.
