How to buy XCAD Network (XCAD) in Australia
Learn how to buy XCAD Network (XCAD) easily by following a step-by-step guide and comparing 10+ crypto exchanges.
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How to buy XCAD Network
1. Compare crypto exchanges
The easiest way to buy XCAD Network is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
2. Create an account
To create an account on an exchange you will need to verify your email address and identity. Have some photo ID and your phone ready.
3. Make a deposit
Once verified, you can deposit $ using the payment method that best suits you – cryptocurrency, paypal, wire transfer and credit or debit card payments are widely accepted.
4. Buy XCAD Network
You can now exchange your funds for XCAD Network. On easier-to-use exchanges, this is as easy as entering the amount you want to purchase and clicking buy. If you like you can now withdraw your XCAD Network to your personal wallet.
Where to buy XCAD Network in Australia
Find an exchange to buy, sell and trade XCAD by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Steps on how to buy XCAD Network
Look for an exchange that supports both fiat and cryptocurrency to simplify buying XCAD Network.
- Compare cryptocurrency exchanges that support XCAD.
Cryptocurrency exchanges differ by fees, security and payment methods, so you'll need to research which is the right fit for you. As a beginner, you don't need a big range of features, and you can always change exchanges later.
- Create an account on an exchange.
You can sign up for an account by selecting the Go to site button. This will take you to the account creation page, where you can fill in your details, starting with your name and email address..
- 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 XCAD Network.
- Buy XCAD Network.
Complete your XCAD Network purchase and then find the best wallet to store XCAD.
What to consider when buying XCAD Network
Every altcoin investment should be thoroughly researched. Both the token and the associated platform or project should be evaluated to look for the upside potential and downside risk. Here are a few factors to consider before investing in XCAD:
- Ambitious project: The ambition of XCAD is to combine the social media capabilities of YouTube with the advantages that blockchain offers. Content creation is becoming a larger part of modern-day life, which means a blockchain project targeting the space likely has a good amount of room to grow. However, the protocol is still very young. It was only released during the summer of 2021. Growth of XCAD will be determined by how well the team behind the project can execute plans moving forward.
- Burning mechanism: All trading fees collected from the XCAD decentralised exchange and profits from the NFT moment sales are used within an XCAD burning mechanism. The fees and profits are used to buy the XCAD token from the market and then subsequently burn it to remove it from the circulating supply. This places a deflationary characteristic on the XCAD token.
- Token supply: The maximum supply of XCAD tokens is capped at 200 million. 21% were held for the XCAD network foundation reserve. 20% were designated for liquidity on decentralised exchanges. 20% were secured for ecosystem development. 18% were allocated to initial seed sales. 10% were held for the team of developers and the remaining 8% were held for advisors of the network.
How to sell XCAD Network
You can cash out your XCAD with the same exchange you bought it through:
- Sign in to the exchange you have XCAD on.
If you store your XCAD Network in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of XCAD you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of XCAD Network.
Disclaimer: Cryptocurrencies, including XCAD Network, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of XCAD 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 XCAD Network or any other cryptocurrency discussed.
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