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How to buy and sell Cortex (CTXC)

Read our complete guide to buying, selling and storing Cortex Coin tokens.

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Cortex is a blockchain-based, autonomous artificial intelligence (AI) platform. Built with the aim of providing state-of-the-art machine learning models, Cortex wants to add AI algorithm support to smart contracts.

The Cortex Coin (CTXC) is the native currency of the Cortex platform and distribution began during a private sale in February and March 2018. If you want to buy CTXC, this guide explains the essential things you need to know.

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Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Quick guide to buying Cortex (CTXC)

  1. Register for an account with an exchange like Huobi.
  2. Enable 2-factor authentication.
  3. Hover over “Balances” and click “Deposit & Withdraw”.
  4. Select the coin you want to trade and click “Deposit”.
  5. Copy the wallet address and transfer BTC, ETH or USDT into your account.
  6. Click the “Exchange” tab.
  7. Search for the currency pair you want to trade, such as “CTXC/BTC”.
  8. Choose a limit or market order.
  9. Enter the amount of CTXC you want to buy or the amount of BTC you want to spend.
  10. Review the transaction details.
  11. Click “Buy CTXC”.

This is our quick guide to just one way to buy Cortex. Compare some other options in the table below.

Where to buy and sell CTXC

You can purchase CTXC on the following crypto exchanges:

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Credit card,Cryptocurrency,Debit card,Bank transfer (via third party)
USD, AUD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH & 23+ more

201
cryptocurrencies

Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.

US residents: As of September 2019, US-based users can only trade USD on the American dollar onramp of Binance, Binance.US.
UK residents: In addition to normal crypto trading services, Binance offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
Cryptocurrency
USD, EUR, GBP, JPY

164
cryptocurrencies

Cryptocurrencies are a highly volatile investment product. Your capital is at risk.
Spot trade all of the major cryptos on this full-featured exchange and margin trading platform.
AdvCash,Cryptocurrency,Payeer,Perfect Money,Capitalist
USD, RUB

1427
cryptocurrencies

Pay in USD, RUB or trade crypto to crypto at this Russian-based cryptocurrency exchange with hundreds of coins listed.
Huobi Cryptocurrency Exchange
Cryptocurrency
GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD & 15+MORE

234
cryptocurrencies

Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
Bithumb Cryptocurrency Exchange
Cryptocurrency,Wire transfer
KRW

103
cryptocurrencies

A global platform where users can make KRW and cryptocurrency deposits to purchase up to 15 popular cryptocurrencies.
OKEx Cryptocurrency Exchange
Bank transfer,Cryptocurrency,WeChat
USD, CNY, EUR, ARS, AUD, BGN, BRL, CAD, CHF, COP & 20+ more

269
cryptocurrencies

Listing over 100 cryptocurrencies, OKEx offers its users a variety of payment methods and coins to choose from.
Bittrex Digital Currency Exchange
Cryptocurrency,Wire transfer
USD

278
cryptocurrencies

Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
CoinBene Cryptocurrency Exchange
CoinBene Cryptocurrency Exchange
Cryptocurrency
-

50
cryptocurrencies

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Compare up to 4 providers

A step-by-step guide to buying CTXC

For a detailed guide to buying CTXC, check out the step-by-step instructions below:

Step 1. Register for an account with an exchange that lists CTXC
Review the list of exchanges that allow you to trade CTXC and compare the features each platform has to offer. Once you’ve found a platform that meets your needs, register for an account by providing your email address and creating a secure password.

Depending on the exchange you choose, you may also need to provide additional personal details and proof of ID in line with Know Your Customer and Anti-Money Laundering (KYC/AML) regulations.

Remember to also enable 2-factor authentication on your account for extra peace of mind.

Step 2. Deposit funds into your account
There’s currently no way to buy Cortex Coin tokens directly with Australian dollars. Instead, you’ll need to first acquire one of the digital currencies listed in a trading pair alongside CTXC – bitcoin (BTC), ether (ETH), Tether (USDT) and Bitcoin Cash (BCH) are the options currently available.

If you need any advice on how to buy one of these cryptocurrencies, check out our handy guides:

If you hold these cryptos on the same exchange where you plan to buy CTXC, you’re ready to move on to Step 3. If they’re stored in a separate wallet, you’ll need to transfer them to the exchange.

For example, if you’re using Huobi, you’ll need to hover your mouse over “Balances” in the top menu and click “Deposit & Withdraw”. Next, select the coin you want to trade (either BTC, ETH or USDT on this platform) and click “Deposit”. You can then copy the wallet address or QR code and transfer BTC, ETH or USDT into your account.

Step 3. Buy CTXC
The final part of the process is to click through to the trading page, search for the pair you want to exchange and then enter the details of your transaction. If you’re using Huobi, for example, you can do this by clicking on the “Exchange” tab at the top of the screen.

Next, search in the box provided for the currency pair you want to trade, such as “CTXC/BTC”, and choose either a limit or market order. You can then enter the amount of CTXC you want to buy or the amount of BTC you want to spend.

Make sure you take a moment to review all the details of your transaction before clicking “Buy CTXC”.


How to sell Cortex

If you want to sell your Cortex Coin, you’ll once again need to click through to the exchange or trading page on your chosen platform. However, this time make sure you enter your transaction details in the “Sell CTXC” tab.

As CTXC is only available in a limited range of currency pairs, remember that you may not be able to directly exchange your tokens for the currency you want.


Which wallets can I use to hold CTXC?

Once you’ve purchased yourd, most users recommend moving them off the exchange and into secure storage. Doing so will help you avoid the risk of hacking and theft associated with exchange platforms.

CTXC is an ERC20 token on the Ethereum blockchain, so you’ll need to choose a wallet that’s compatible with these types of tokens. For example, you may want to use the MetaMask browser extension, the MyEtherWallet web interface, or a hardware wallet like the TREZOR or Ledger Nano S.

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How Cortex works

The Cortex project aims to combine AI with blockchain to greatly improve the functionality and use cases of smart contracts. While Ethereum’s introduction of smart contracts was seen as a giant leap forward for the world of blockchain, these contracts still have limited capabilities.

By adding AI algorithm support to smart contracts, Cortex will enable developers to create AI decentralised apps (dapps). This will allow smart contracts to autonomously react to external signals, and developers can also submit interactions that are dependent on other contracts.

What does this mean in the real world? The Cortex whitepaper suggests several possible dapps that could be deployed on the platform:

  • Information Services: Personalised recommendation system, search engine, news writing services.
  • Finance: Credit, intelligent investment advisory.
  • AI Assistant: Automatic Q&A, industry knowledge map, speech synthesis, face attribute prediction.
  • Simulation Environment: Auto-driving, Go and other reinforcement learning applications.

Cortex also allows machine learning researchers around the world to submit and optimise their own models to the Cortex storage layer. Other users can then use these models, and the contributors of those models are rewarded. It’s all tied together by the Cortex Virtual Machine (CVM) which is fully compatible with the Ethereum Virtual Machine (EVM) and which synchronises results across the network.

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What to consider if buying Cortex

Before buying any cryptocurrency, do your own research to determine the true value of a project. Cryptocurrencies are complicated and volatile, and buying any digital coin or token comes with a high level of risk attached.

If you’re thinking of buying some CTXC, consider the following:

  • Supply. According to CoinMarketCap, at time of writing (June 2018) the circulating supply of CTXC was 149,792,458, out of a total supply of 299,792,458. Interestingly, this total supply of coins is the same as the speed at which light travels in a vacuum, measured in metres per second.
  • Distribution. The Cortex Coin tokens are to be distributed as follows:
    • Mining rewards: 50.03% (150 million)
    • Early investors: 20.01%
    • Project Foundation: 24.95%
    • Advisors/academics/community: 5%
  • Whitepaper. This article only skims the surface of how Cortex works. For a detailed explanation of the tech behind the project, the Cortex whitepaper is an extremely useful resource.
  • Roadmap. It’s a good idea to check out a project’s roadmap to get an idea of any tech upgrades or releases that could drive price movements. Cortex’s mining testnet is set for launch in Q3 2018, while its smart AI contract testnet is slated for Q1 2019. The mainchain launch is scheduled for Q2 2019, which will also see the ERC20 Cortex Coin tokens burned and converted to mainchain coins on a 1:1 ratio.
  • Team. Cortex is led by CEO Ziqi Chen and based in Singapore. It also features an impressive list of advisers, including the inventor of public key cryptography, Professor Whitfield Diffie, and FBG Capital founder Vincent Zhou.

By considering any factors that could influence the level of success Cortex achieves, you’ll be well placed to decide whether or not you should buy any CTXC.

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Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance 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 cryptocurrencies discussed.

Disclosure: At the time of writing the author holds ADA, IOTA and XLM.

Image sources: Shutterstock

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