How to buy TenX (PAY)

Learn how to buy TenX (PAY) easily by following a step-by-step guide and compare 10+ crypto exchanges.

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TenX offers a cryptocurrency debit card that aims to make it possible to spend multiple cryptocurrencies whenever and wherever you want. This multi-blockchain card is tied to a mobile-friendly wallet and allows you to spend cryptocurrencies online or offline, and without incurring any foreign exchange or transaction fees.

TenX also provides the PAY token, the value of which is driven by the amount of transactions on the TenX network. Let’s take a closer look at how TenX works, what the PAY token is and how you can buy PAY in Australia.

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.

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Note: In January 2018, Visa terminated its relationship with Wavecrest, the company which issues TenX cards. As a result, TenX cards were unavailable for use at the time of writing.

Where to buy TenX

TenX is available to buy on a wide range of global cryptocurrency exchanges, including:

Name Product Deposit methods Fiat Currencies Cryptocurrencies
CoinSpot Cryptocurrency Exchange
Bank transfer, BPAY, Cash, Cryptocurrency, POLi, PayID


CoinSpot is an Australian exchange that lets you easily buy, sell and trade more than 290 cryptos. Cryptocurrency Exchange


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.
OKEx Cryptocurrency Exchange
Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)


Earn US$10 in BTC when you refer a friend and they purchase $100 of cryptocurrency. T&Cs apply.
Listing over 100 cryptocurrencies, OKEx offers its users a variety of payment methods and coins to choose from.
Bittrex Global
Bank transfer, Credit card, Cryptocurrency, Debit card


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


A decentralised cryptocurrency exchange where you can trade over 250 ERC20 tokens.

Compare up to 4 providers

A step-by-step guide to buying TenX

If you want to buy TenX PAY tokens in Australia, here’s one example of how you can do it using CoinSpot, although the process is much the same for most exchanges:

Step 1. Create an account at CoinSpot

If you want to exchange Australian dollars (AUD) for PAY, you’ll need to create an account with a local cryptocurrency exchange like CoinSpot. Signing up for an account is free; you’ll need to enter your email address and create a password. To deposit AUD into your account, you’ll need to get your account verified by providing your name, contact details and proof of ID.

Depending on how busy the exchange is, verification could take as little as a few hours or as long as a few weeks.

Step 2. Deposit funds into your account

From the account Dashboard screen in CoinSpot, click the “Deposit AUD” button. You can then enter the AUD amount you wish to deposit and complete the transaction via your chosen method.

Step 3. Buy TenX

Once the funds have arrived in your account, click on the “Buy/Sell” link at the top of the screen and search for “PAY”. This will display the current price of PAY tokens and you can then click on the “Buy PAY” button.

You then have the option of either specifying the amount of PAY you want to buy or the amount of AUD you want to spend. Input your desired figure and click “Buy”, and then take a moment to review the full details and cost of the transaction. If you’re happy to proceed, click “Confirm Buy” to finalise your purchase.

NB: The majority of cryptocurrency exchanges currently don’t allow you to exchange fiat currency (ie AUD) for PAY. If that’s the case, you’ll need to purchase another cryptocurrency that’s available in a PAY pairing, for example, bitcoin (BTC), Ethereum (ETH) or Tether (USDT), and then exchange that currency for PAY.

How to sell TenX

If you want to sell your TenX PAY tokens, the process you’ll need to follow is more or less the same as the steps outlined above. However, you’ll obviously need to look for the link “Sell PAY” and then follow the prompts to trade your tokens for whatever cryptocurrency is available in a PAY pairing.

Which wallets can I use to hold PAY?

You can download an official TenX wallet from the TenX website. However, this wallet does not yet support ERC20 tokens, so PAY tokens can also be held in any ERC20 enabled wallet, such as:

The three wallets listed above provide native support for the PAY token and don’t require you to perform any extra configuration tasks.

What is TenX and how does it work?

Founded in Singapore in 2015, TenX aims to make cryptocurrencies spendable in the real world. Despite crypto’s rapid rise to prominence in recent times, using bitcoin, Ethereum or some other digital cryptocurrency to pay for your morning coffee or weekly groceries still seems a long way off.

TenX offers a prepaid Visa debit card that allows users to spend major cryptocurrencies anywhere Visa is accepted, with no transaction or foreign exchange fees charged. At the time of writing, the TenX card supports two cryptocurrencies:

  • bitcoin (BTC)
  • Ethereum

However, currencies on the roadmap to be added and in closed-beta for some users are:

  • ERC20 tokens with a high trading volume
  • Dash (DASH)

TenX is also developing COMIT, the Cryptographically-secure Off-chain Multi-asset Instant Transaction network, an off-chain transaction protocol designed to connect blockchains and allow for faster transaction processing.

What to consider when buying TenX

Buying any cryptocurrency is a complicated and speculative investment that comes with a variety of associated risks attached. You’ll need to make sure you’re fully aware of those risks before deciding whether or not to buy.

If you’re weighing up the pros and cons of TenX, remember to consider the following factors:

  • Supply. According to CoinMarketCap, at the time of writing (18/01/2018) there was a circulating supply of 104,661,310 PAY tokens, out of a total supply of 205,218,256.
  • Value. The value of PAY tokens is determined by the transaction volume TenX processes; the more transactions TenX processes, the more valuable the token is. The value of the token depends on the number of TenX card users and the average spend per user.
  • Demand. A critical factor that will determine the success of TenX is whether or not cryptocurrency can become commonly used for daily spending. You’ll need to consider whether there is sufficient demand for the products and services TenX offers to make buying PAY tokens a good idea.
  • Competition. Next, you’ll need to consider the market competition TenX faces from other companies offering similar products. For example, Xapo did offer a recently-cancelled bitcoin Visa debit card, while Coinbase offers a Shift Card backed by the Visa network. There are a few other companies operating in the same market sector, so check out our guide to Bitcoin debit cards for more info.
  • Existing payment platforms. It’s also worth considering the competition that companies like TenX will face from existing payment providers like Mastercard, Visa and PayPal, all of which are working on their own blockchain-based payment technology.
  • Rewards. TenX offers card users a 0.1% reward (paid in PAY tokens) every time they use their TenX card, and there are also plans to reward token holders with 0.5% of all aggregate transaction volume paid out monthly (in Ethereum). However, at the time of writing there was no date scheduled for the first distribution of these 0.5% rewards.


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.

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