How to buy ChainX (PCX) in Australia

A beginner's guide to buying and selling PCX in Australia.

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How to buy ChainX

Look for an exchange that supports both fiat and cryptocurrency to simplify buying ChainX.

  1. Open an account on an exchange that supports PCX.
    Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
  2. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy ChainX.
  3. Buy ChainX.
    Complete your ChainX purchase and then find the best wallet to store PCX.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is ChainX?

ChainX is a blockchain platform designed to help promote asset interoperability across a number of different blockchains. The project was launched in 2019 on top of Polkadot’s Substrate, which was designed to create scalable and efficient blockchains. According to the whitepaper, many blockchains suffer from weaknesses such as scalability, security, and smart contract capability. ChainX believes that, by combining all blockchains, these weaknesses can be overcome. Utilising an adapted Proof-of-Stake mechanism, ChainX allows users to share assets across different blockchain systems.

The protocol is built of four modules. The first is the PCX Module, which allows users to stake, pay fees, access governance and access Bitcoin financial derivatives. The second is the DEX Module, where users can exchange cryptocurrencies across chains. The third is the Inter-chain Module which allows users to enter and exit the system from different blockchains. Finally the fourth is the Relay Module which allows for data to be exchanged between ChainX and other blockchains.

PCX is the native cryptocurrency of the ChainX ecosystem. It can be used for a wide array of transactions including staking, facilitation of internal payments, rights-related on-chain governance and reward distribution.

ChainX (PCX) is the 536th largest cryptocurrency in the world by market cap, valued at $59,721,432. The current price of ChainX is $5.3, which is 4.190% higher than yesterday. Prices have ranged between $5.48 and $5.02 over the past 24 hours. All prices are listed in US dollars and accurate as of September 16, 2021 01:09 UTC.

Where to buy ChainX

Find an exchange to buy, sell and trade PCX by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

806
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in GateTokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
KuCoin Cryptocurrency Exchange
Cryptocurrency, PayPal, Wire transfer, Credit or Debit Card, SEPA
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

255
cryptocurrencies

Finder Exclusive: Get up to 10 USDT in trading fee rebates for signing up and making a deposit, and up to 30 USDT in trading fee rebates after buying with fiat. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
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ChainX at a glance

Information last updated September 16, 2021 01:09 UTC.
Coin symbolPCX
Total PCX supply21,000,000
Circulating PCX11,218,675
Current priceUS$5.3
All time highUS$17.54

ChainX price performance over time

Historical prices compared with the price of US$5.3.

1 hour 0.24%
24 hours 4.19%
7 days 25.85%
14 days 35.87%
30 days 20.13%
60 days 98.95%
200 days -51.31%
1 year 9.69%

How to sell ChainX

You can cash out your PCX with the same exchange you bought it through:

  1. Sign in to the exchange you have PCX on.
    If you store your ChainX in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of PCX you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of ChainX.

What to consider when buying ChainX

ChainX, or PCX, like any other altcoin, should be carefully evaluated before an investment decision is made. To help you with that decision here are some factors to consider:
  • Interchain operability: Thanks to the use of Substrate chains, the platform is able to provide seamless compatibility with the Polkadot network. Not only that, but the platform also utilises other bridges that allow ChainX to facilitate cross-chain operations. This could be a promising area of future development for the cryptocurrency industry.
  • Widespread availability: As a result of ChainX’s growing popularity over the last couple of years, PCX is now available across a number of major mainstream cryptocurrency exchanges including KuCoin, Gate.io and CoinW. Liquidity is also relatively high.
  • Highly secure: By using a decentralised network, ChainX is able to facilitate cross-chain exchanges in a totally peer-to-peer fashion, thereby eliminating the scope of any human manipulation or fraud.
  • DEX Module: The platform comes complete with a fully functional cross-asset transaction module that is designed to help in the circulation of various digital currencies across different ecosystems. There are not many competitors currently in this space, but true demand has not yet been proven.
  • All-in-one ecosystem: ChainX features an inter-chain transaction verification system as well as other niche features, such as an on-chain mintage program, and deposit and withdrawal programs. The company also hosts a trusteeship program that provides independent developers with technical and monetary support.
  • Novel consensus mechanism: The platform utilizes a hybrid Proof-of-Stake consensus mechanism — referred to as the “Babe + Grandpa” setup — wherein all block generation activities are maintained separately from any transaction confirmation/validation-related matters.
  • Competition: ChainX is not the only blockchain looking to tackle the interoperability of blockchains. While the approach may be novel, the project will need to continue innovating to take market share away from Harmony and Cosmos.

Disclaimer: Cryptocurrencies, including ChainX, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of PCX is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the ChainX or any other cryptocurrency discussed.

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