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How to buy Peercoin (PPC)

What Peercoin is about and where to buy and sell it

Peercoin (PPC) is a cryptocurrency designed for transactions and for holding value, with a focus on economic sustainability, stability and easy uptake by users and merchants.

Its most distinctive feature is that it uses both proof-of-stake and proof-of-work mining and is strongly focused on ease of use, stable prices and economic sustainability.

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.

Where to buy PPC

Name Product Deposit methods Fiat Currencies Supported Cryptocurrencies
BPAY
Cash
Cryptocurrency
POLi
AUD
BTC, BCH, ETH, XRP, ADA, XEM, LTC, XLM, TRX, DASH, NEO, XMR, EOS, QTUM, BTG, LSK, ETC, XVG, SKY, NAS, LINK, GO & over 100+ more
CoinSpot is an Australian-based marketplace that allows you to easily buy, sell or trade more than 100 cryptocurrencies.
Credit card
Debit card
USD, EUR, RUB
BTC, BTG, BURST, BYC, CANN, CFI, CLAM, CLOAK, CLUB, COVAL, CPC, CRB, CRW, CURE, CVC, DASH, DCR, DCT, DGB, DMD, DNT, DOGE, OMG & 140+ more
Use your credit or debit card to buy bitcoin and other cryptocurrency without having to verify your identity.
Poloniex Digital Asset Exchange
Cryptocurrency
-
BTC, ETH, XRP, DOGE, XLM, ETC, STRAT, LTC, SC, DGB, BCH, LSK, XMR, LOOM, BAT & 50 more
Trade various coins through a global crypto to crypto exchange based in the US.
YoBit Cryptocurrency Exchange
AdvCash
Cryptocurrency
Payeer
Perfect Money
USD, RUB
BTC, BTG, DASH, ETH, LTC, DOGE, WAVES, LSK, BCC, TRX, ABYSS, PAC, ZEC, XVG, EOS, ETC, RDD, TOKC, B2X, TTC & 400+ more
Pay in USD, RUB or trade crypto to crypto at this Russian-based cryptocurrency exchange with hundreds of coins listed.
Livecoin Cryptocurrency Exchange
Cryptocurrency
Payeer
Perfect Money
Qiwi
USD, EUR, RUB
BTC, BCH, ETH, LSK, LTC, XMR, XEM, DASH, BCC, CLOAK, EMC, NEO, TIME, SHIFT, STRAT, DOGE, DTR, DGB, VOX, ESC, MONA & 140+ more
Trade at an exchange that has an extensive offering over 160 coins and numerous fiat and altcoin currency pairs.
Bleutrade Cryptocurrency Exchange
Cryptocurrency
-
BTC, BTG, DASH, ZET, XVP, XPM, WDC, VTC, VRC, UNO, TROLL, START, SLR, SLG, RDD, QTUM, PPC, POT, OK, NVC, NMC, NLG, NEOS & 25+ more
Trade an array of cryptocurrencies through this globally accessible exchange based in Brazil.
Bittrex Digital Currency Exchange
Cryptocurrency
Wire transfer
USD
BTC, ETH, BOXX, XVG, SC, XRP, DOGE, STRAT, XMR, ADA, OMG, ETC, BCC, XLM, DGB, UKG, QTUM, ZCL, RDD, LTC, NEO, XRP, TRX, ZEC & 120+ more
Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.

Compare up to 4 providers

Step-by-step guide to buying and selling PPC

Buy with fiat or crypto

You can buy PPC with cryptocurrency or with fiat currency such as AUD or USD.

At the time of writing, you can buy it with fiat currency at CoinSpot or WEX.

To buy with fiat currency, you need to do the following:

  1. Create an account on your chosen exchange.
  2. Verify your identity at that exchange. This usually involves confirming your identity by sending in a photo of your driver’s licence and other proof.
  3. Deposit money into the exchange. You can do this with a bank transfer, a credit card, a wire transfer or some other method depending on the exchange.
  4. Purchase PPC with the deposited money.

At this point, your PPC will either be deposited into your account on the exchange for withdrawal at your leisure or deposited directly to the wallet address you’ve provided.

Buy with crypto only

To buy PPC, you will first need to buy BTC, ETH or some other cryptocurrency and then trade that for PPC at an exchange. The coins accepted may vary, depending on the exchange.

If you already have some cryptocurrency, you'll need to create an account on the exchange you want to use to buy PPC, and then send your coins from your wallet to that exchange. At this point, you can trade them for PPC.

Your PPC will either be deposited to your account on the exchange or sent directly to the wallet address specified.

How to sell Peercoin(PPC)

To sell PPC, the process is almost exactly the same as the step-by-step guide above, except in reverse.

You put the coin up on an accepted exchange and sell it for another cryptocurrency, depending on the available pairings.

How does Peercoin work?

Peercoin was the first cryptocurrency to introduce the now common proof-of-stake mining system.

  • Peercoin proof of stake. Stakers can earn 1% per year simply by holding coins that are at least 30 days old in the official Peercoin wallet.
  • Peercoin mining. To give the network more power, miners can also contribute processing power to network security.

The earnings from proof of stake are fixed whereas the mining earnings are being reduced over time, but they are still higher than the earning from staking. Overall, Peercoin has averaged inflation under 5% per year, but at the end of 2017, this was starting to decrease.

Peercoin is specifically designed to be used as a currency and to be accepted in stores. Peercoin transfers come with a nominal transaction fee of 0.01 PPC on the sender side.

To help payments arrive almost instantly, transactions are verified by a block explorer ahead of the transaction itself.

The circulating PPC supply is around 25 million. While there’s no cap on the total number, its inflation is tightly controlled.

What to consider if buying Peercoin

Peercoin was established in 2012, making it a veteran by cryptocurrency standards. Its proof-of-stake system has since become a ubiquitous feature of cryptocurrencies, and great care seems to have been taken in economic and technical aspects of Peercoin’s development.

Its design is largely focused on recognising the shortcomings of bitcoin, and then taking steps to correct them.

For example, one of the main reasons behind the creation of the first proof-of-stake mining system was the recognition that bitcoin would consume exorbitant amounts of energy if it ever got big enough, that it would face slow transactions and high fees, and that its volatility would make it hard to use as a real currency.

Peercoin set out to tackle these problems years ago.

It also anticipated the problems of pre-mines and unfair token distribution, and it set out to create an egalitarian economy with no pre-mines and fair initial distribution.

For a coin like Peercoin, which doesn’t have any inherent features or purpose other than being used as a currency, deliberate price manipulation has historically been one of the more reliable ways to add value.

Buyers should consider that, without a lot of money to artificially pump up the price of Peercoin, or an extremely large wave of hype to do the same, it's possible that Peercoin might stay in the shallow end of cryptocurrency market caps. Although it’s a veteran in the cryptocurrency world, questions need to be asked about whether it's missed the boat by now.

Today, Peercoin is competing with coins such as Nano (formerly RaiBlocks) that offer instant transactions and zero fees, and others which aim to do the same while simultaneously offering a range of useful built-in features.

Peercoin’s price hit an all-time high of around US$10 on 13 January 2018, but then fell to under $5 on 16 January. This decline dropped its market cap from around $240 million to $120 million.

Whether it re-achieves or tops its previous all-time high may be largely dependent on whether it can pull enough interest back. Buyers need to think about whether this might be less likely than a year ago. Peercoin's relatively high price per coin now means there might be more tempting options elsewhere.

Keeping in mind the speculative nature of all cryptocurrencies, you should always take care to do your own research and make sure you fully understand the risks involved before buying Peercoin or any other crypto.

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.

Andrew Munro

Andrew writes for finder.com, comparing products, writing guides and looking for new ways to help people make smart decisions. He's a fan of insurance, business news and cryptocurrency.

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