how to buy ecash

eCash is the result of Bitcoin Cash ABC’s successful hard fork. Aside from maintaining the concept of digital money, eCash has also solved the problem of slow blockchain transactions. Due to the growing popularity of eCash, many users have started asking questions like “how to buy eCash (XEC) and “where to buy eCash.”

Do you want to buy eCash and use a reliable token for buying stuff? In that case, you should read this article thoroughly. We’ll cover the fundamental steps of buying XEC, as well as some essential topics about the token.

eCash (XEC) Buying Guide

Step 1: Find An Exchange That Supports XEC

To start buying XEC, you must create an account in a compatible crypto exchange. Finding this exchange is easy because there are numerous active marketplaces that support XEC.

Cryptocurrency platforms may be similar in purposes but different in operation. Some crypto exchanges have seamless functionality while others have premium security with reasonable transaction fees.

  • 500+ Cryptocurrencies Available for Trade
  • Fees (Maker/Taker) : 0.075%*-0.1%*
  • Sign-up bonus: 10% reduced trading fees*
  • Available in Europe, Asia, Oceania, Africa
  • 1000+ Cryptocurrencies Available for Trade
  • Fees (Maker/Taker) : 0.2%*-0.2%*
  • Sign-up bonus : Up to $500 in USDT vouchers*
  • Available in North America, South America, Europe, Asia, Oceania, Africa
  • 1000+ Cryptocurrencies Available for Trade
  • Fees (Maker/Taker) : 0.2%*-0.2%*
  • 10% reduced trading fees & up to $170 in USDT vouchers*
  • Available in North America, South America, Europe, Asia, Oceania, Africa

Registering to a crypto exchange will take only a few minutes. To start, you must enter your basic personal details like full name, email address, and password. The crypto exchange may also require you to add a home address and a phone number for verification. 

You probably need to fill up a KYC (Know Your Customer) form before proceeding with any transaction. The KYC process is a security option implemented by heavily regulated exchanges and financial websites.

Step 2: Deposit Funds to Your Exchange Account

Before buying XEC, you must add funds to your new crypto account. Depositing funds is easy because most exchanges allow crypto-to-fiat transactions. Some of the popular examples of fiat currency are USD, CAD, AUD, and EUR. You can fund your account through debit cards, credit cards, bank transfers, and e-wallet transfers.

Crypto exchanges have different payment methods for transactions. These methods probably have higher fees than the ones you’re commonly using. So, before depositing funds to your crypto account, you should do your own research.

Step 3: How to Buy XEC Officially?

Learning how to buy XEC is not difficult. First, you must go to a crypto exchange’s search bar. Oftentimes, the search bar is located on top of the website page. Once you’ve located the search bar, start looking for the XEC ticker. You can also look directly for XEC trading pairs to save time. Afterwards, just enter the amount of the XEC tokens that you want to buy.

You must always double-check the transaction details to avoid errors or inconsistencies. Additionally, before the transaction, crypto exchanges might refer you to their exclusive wallet software. This wallet is essential for storing your cryptocurrencies, but it is optional since you can always create an individual software wallet. If you have money to spare, you can even purchase a hardware wallet with competitive security encryption.

Everything You Have to Know About eCash (XEC)

eCash (XEC) is the new cryptocurrency that came out of the current hard fork of Bitcoin Cash ABC. Since eCash retained the digital monetary concept of Bitcoin, it is rather easy to understand and utilize. More importantly, eCash has also introduced new developments which made it easier for people to use the token.  

These are some of the most useful features of eCash:

  • Avalanche-powered Framework – eCash (XEC) relies on its own version of the highly advanced Avalanche protocol. This protocol guarantees fast transactions and seamless network upgrades.
  • Convenient Denomination – By using eCash, you don’t have to count how many zeroes should be in the amount that you’re transferring. The eCash token is numerically denominated by ‘bits.’
  • Tokenization – eCash allows tokenization through eTokens. These tokens can be customized with a name, a supply level, and a specific icon.  
  • eCash Staking – You can stake eCash and support the network. By doing so, you will earn regular incentives.  

Even though eCash is still fairly new, it received significant attention from lots of investors, traders, and enthusiasts. The eCash Team is also working hard to reach specific Roadmap goals and advanced features.

How Does XEC Work?

eCash works as a digital cryptocurrency token that can be used to pay for services and goods. Since eCash is powered by the Avalanche protocol, it offers faster transaction times without potential delays. Users can also stake their XEC tokens to earn rewards.

What Makes eCash (XEC) Unique?

eCash took the best things from Bitcoin, improved them, and launched a new package that will benefit users even more. With fast transaction times and easy monetary denominations, eCash will surely become more accessible to all users.

The eCash Team is also dedicated to further improving eCash’s security and stability by adding canonical transaction ordering, Schorr Signatures, Merklix-Meta Tree system, and adaptive block sizes. Once these developments have rolled out, eCash will truly become the representation of modern digital currency.

Who Are the Founders of eCash (XEC)?

The founder of eCash is Amaury Sechet – a software engineer and also the lead developer of Bitcoin Cash. Sechet used his skills and proficiency to grow eCash into a versatile and useful token accessible to thousands of people.

What Are the Use Cases of eCash (XEC)?

Currently, eCah (XEC) has simple use cases related to payments and token exchange. Understanding XEC’s use cases will help you determine if the token is aligned with your investment preferences.

Here are the common use cases of XEC:

  • Speculative trading
  • Investment
  • Service payments
  • Fees
  • Rewarding system
  • Medium of exchange
  • Staking

Who Builds on eCash (XEC)?

The eCash token is meant for regular people who want to use cryptocurrency to pay for goods and services. While Bitcoin can do the same thing as eCash, it is still slow, expensive, and inconvenient. Unlike Bitcoin, eCash has quick transaction finality and better accessibility, increasing the chance for the token’s mass adoption.  

Official website:

Essential Points of the eCash (XEC) Whitepaper

The eCash (XEC) Whitepaper is similar to the technical documentation of Bitcoin ABC. However, the eCash paper focused on the new developments and features of the token.

These are the strong points of the eCash (XEC) Whitepaper:

  • eCash Avalanche Protocol
  • Canonical Transaction Ordering
  • Schorr Signatures
  • CashAddr
  • Functional OpCodes
  • eCash staking
  • eCash Roadmap

The Best Cryptocurrency Wallet for XEC

After knowing how to buy XEC, you should think about the security of your cryptos next. Fortunately, you can always choose from dozens of available crypto wallets. You should pick a crypto wallet based on your trading habits and security preferences.

You will likely begin your crypto journey with hot storage wallets. These digital wallets are connected online, allowing easy access whenever you want. Hot storage wallets are also cheaper than cold storage wallets. However, one downside of a hot wallet is its vulnerability to online theft. You may need to use additional security measures to keep your hot storage wallet safe.

On the other hand, cold storage wallets are physical hardware wallets. Since cold wallets are tangible, their security level is better than digital wallets. You can put a physical storage wallet in a separate deposit box for premium protection.

What Factors Affect My Choice of Crypto Wallet for XEC?

At first, you might get confused with the diverse choices of crypto wallets in the market today. Knowing the common buying factors for crypto wallets will help you make the right decision.

Check out the important factors affecting your choice of XEC wallet:

  • Are you a regular trader? If so, then a hot storage wallet is the best choice for you. A hot wallet allows a quick and easy log-in method to your chosen platform. In less than a minute, the integrated hot wallet will let you trade XEC right away.
  • Not all wallets support a wide range of cryptocurrencies. The best crypto wallets will let you trade hundreds of cryptocurrencies without limitations.
  • When it comes to security, a physical cold storage wallet is better than a hot wallet. You can simply store your cold wallet in a private safe deposit at home or the bank. Just make sure that your private seed phrase is safe and secured.
  • Setting up a digital wallet is free. On the other hand, getting a cold storage wallet requires money because you need to buy the physical hardware.
  • Do you want to see detailed technical analytics? In that case, you can never go wrong with hot wallets. In most cases, hot wallets generate technical analytics and semi-accurate market insights to help you make a trading decision. Cold wallets also have analytics capabilities that you can tweak freely.

Ledger vs. Trezor – The Best Crypto Wallet for Traders and Investors

Now that you already know how to buy XEC, you must protect your investment by choosing a cold storage wallet. As mentioned above, cold wallets offer better security levels than hot wallets.

When it comes to cold storage wallets, it’s best to start with Ledger or Trezor products.

Ledger is a popular cold wallet brand because of its reliable security features. The Ledger interface, for example, will only let you send cryptos if you’re connected to a personal computer or device.

If Ledger excels in security functions, Trezor wins in terms of intuitiveness and compatibility. Trezor’s interface is beginner-friendly, allowing fast and efficient trades once the device is ready. Trezor products are also compact and appealing to the eyes. 

General Market Overview for eCash (XEC)

Do you want to learn more about eCash(XEC) and other crypto coins? Check out our crypto blog and expand your knowledge about cryptocurrencies!

Additionally, here are some important topics in our blog:

  • Trading speculation about eCash (XEC)
  • The current market prices of cryptos
  • Detailed price charts with comprehensive histories
  • Whitepaper summaries of cryptos
  • Founder profiles and their related works
  • Up-to-date cryptocurrency news and developments

Related Posts

Leave a Reply

Your email address will not be published.