Want to jump straight to the answer? You can buy XDC on Changelly.
Xinfin is a crypto project that aims to change the future of both blockchain and business. It is specifically looking to have an impact on international trade and global finance. It made waves this year, moving from thousandths of a penny to a high of nearly $0.20.
What Is Xinfin (XDC)?
Xinfin is its own blockchain. It is looking to harness the power of blockchain through a hybrid of public and private networks, as well as interoperable smart contracts. It prides itself on both low fees and minimal energy consumption.
XDC is the utility token that powers the Xinfin blockchain. It is used as a settlement mechanism, allowing for efficient transactions between users. Xinfin uses a delegated proof of stake (DPoS) to verify transactions on its chain. This verification system hopes to improve the scalability and commercial uses as compared to other blockchains.
Xinfin is hoping to incorporate decentralized finance (DeFi) into the business world through tokenized trade and non-fungible tokens (NFTs). Tokenized trade allows parties to trade using the XDC network, similarly to how users of Ethereum’s network can trade on Uniswap. Decentralized exchanges (DEXs) offer benefits over typical cryptocurrency exchanges, such as being able to trade funds directly from a cryptocurrency wallet. NFTs can be used to verify ownership of goods on the XDC network, and Xinfin seeks to use NFTs within DeFi.
Brief History of Xinfin (XDC)
Xinfin was funded through an initial coin offering (ICO) in March 2019, raising over $15 million. The platform was launched a year later and was one of the earliest blockchains that used both smart contracts and a proof-of-stake consensus.
Atul Khekade, Ritesh Kakkad and Karan Bhardwaj founded the project with hopes to create a hybrid blockchain suitable for business. All 3 have a strong background in both software development and digital ventures. Bhardwaj left the project in 2018 and began his own startup, Elatior Tech.
The token hit all time highs of nearly $0.20 in late August 2021. It is currently trading at around $0.10 per coin with a market cap of over $1 billion.
How to Buy Xinfin (XDC)
Now that you are aware of Xinfin’s operations and technology, you may be interested in purchasing the token. Fortunately, purchasing XDC is fairly easy and only involves a few short steps.
- Open an online account.
The easiest way to purchase XDC is through an online exchange. Because XDC is relatively new and is still looking to gain traction, it is not available on all major brokerages. However, it is available on Changelly. Changelly supports fiat (USD) purchases, and making an account is simple. Creating an account only requires an email. You will need to purchase Chengelly Pro in order to gain access to XDC purchases.
- Buy a wallet (optional).
While using a wallet is not essential for purchasing XDC, it can provide an extra layer of security for your crypto investments. Cryptocurrency exchanges hold custody of your funds, while cryptocurrency wallets let you truly own your own digital assets. Also, cryptocurrency exchanges have been hacked in the past, proving that your funds aren't 100% safe when holding them on an exchange.
- Make your purchase.
On Changelly, navigate to the “Buy” section. There, you can select to buy XDC with USD. After you execute the trade, your XDC tokens will be stored in your Changelly account.
If you want to have XDC in a wallet, you can send it to the wallet directly from Changelly. Navigate to the “Send” option on Changelly and enter in the address of the desired wallet. Execute the trade, and your XDC should be in your wallet.
Best Cryptocurrency Wallets For XDC
Best Hardware Wallet: Trezor
Hardware wallets add an extra layer of security to your crypto holdings. They are physical objects that hold the private keys for your tokens. Trezor is a great hardware wallet that supports the sending and receiving of XDC.
To use a Trezor wallet, purchase the hardware and download the software onto your device. You can then link your Trezor hardware wallet to your device. The Trezor interface is smooth and allows for an easy and beginner-friendly experience. If you are looking for a secure way to store your XDC tokens, Trezor may be the option for you.
Best Software Wallet: XDC Wallet
XDC Wallet is a service created by Xinfin. It allows users to interact more closely with the XDC network. It is also secure, allowing users to hold their own private keys. Xinfin never sees any of the private keys that keep your crypto safe.
Opening an XDC wallet is extremely simple. On XDC’s site, choose the option to open a new wallet. You will then be assigned a wallet address. You can also download the service onto your browser for a quicker experience with the wallet. If you are looking to interact more closely with the XDC network, the XDC wallet may be a great option for you.
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Keep an eye out for businesses that make transactions using the XDC network. These transactions may show the usability of the network and can greatly impact the price.
Trade, Sell or Convert your Xinfin (XDC)
To sell your XDC on Changelly, you navigate to the “Sell” tab, and sell your XDC for USD. You can also convert your XDC to other tokens using the “Exchange” feature on Changelly.
From a wallet, you can trade your XDC for other tokens. Trezor supports over 1,700 tokens, and XDC wallet supports over 100. You can convert your XDC to a variety of other tokens. To sell using a wallet, you can send your XDC back to Changelly and sell it there.
Current Crypto Prices
In October 2021, France finished a pilot program that tested using blockchain for the bond market as well as international banking payments. French executive Isabelle Delorme said, “We have together successfully been able to measure the inherent benefits of this technology, concluding that the central bank digital currencies can settle central bank money safely and securely.”
These trials are a breakthrough in crypto, showcasing the benefits cryptocurrency can have on a global scale. With this exciting advance, many investors are currently bullish on the asset class. Check out the table below for real-time cryptocurrency prices.
Is Xinfin (XDC) a Good Investment?
Xinfin is looking to change the way business transactions are structured. It has already overseen a few large business transactions and millions of other transactions on the network. However, the project is still in development and is not fully functional. If the project can gain adoption from institutions, the token’s price would likely follow this adoption.
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About Caden Pok
Caden has been involved with crypto since 2018, when he began investing, trading, and mining tokens. He took part in undergraduate research studying cryptoeconomics at the University of Michigan, where he will graduate Phi Beta Kappa with a bachelor’s in economics in 2025. He is experienced with DeFi technology and multiple blockchains, currently investing in Ethereum and Bitcoin.