How to Buy Onyxcoin (XCN) - Step by Step Guide

Onyxcoin (XCN) is an innovative cryptocurrency that combines the benefits of blockchain technology with the vision of creating decentralized solutions for finance. If you’re looking to buy XCN, CEX.IO provides a seamless and secure platform for purchasing and trading this token. 

In the following guide, we’ll take you through every step to help you buy Onyxcoin (XCN) on CEX.IO, and we’ll also explain how you can use XCN for various purposes.

1. Setting Up Your CEX.IO Account

Before you can purchase Onyxcoin (XCN) on CEX.IO, you need to create an account. This is a standard procedure all reputable exchanges employ, and this typically includes account verification, which is necessary to comply with KYC/AML policies. 

Here’s how to do it:

1. Visit CEX.IO: Go to CEX.IO's website and click Register.
2. Provide Your Details: Enter your email address and create a secure password.
3. Verify Your Email: CEX.IO will send a confirmation link to your email. Click the link to verify your account.
4. Complete KYC (Know Your Customer): Depending on your region and the transaction volume, you may need to verify your identity by providing personal information and documents (such as ID, proof of address, etc.). This is a necessary step to ensure security and comply with regulations.

2. Funding Your CEX.IO Account

Instant Buy is the most intuitive way to fund your account. This functionality allows users to acquire crypto, including XCN at current market price, using their favorite payment method. Here’s how to obtain XCN through Instant Buy:

1. Log in to your CEX.IO account. 
2. Navigate to Instant Buy through the dashboard or under the Products menu. 
3. Choose XCN as your preferred cryptocurrency from the list of available assets.
4. Select the fiat currency you wish to use for the XCN purchase. We currently support USD, EUR, and GBP. 
5. Specify the amount of fiat you’re willing to spend acquiring XCN. 
6. Choose your preferred payment method from the list of supported gateways. 

3. Complete the Transaction

Review all transaction details and make sure the amount corresponds to your budget and risk appetites. Once all details are in order, you can proceed with confirming the transaction per on-screen instructions. 

4. Storing Your Onyxcoin (XCN)

After purchasing Onyxcoin (XCN), it’s important to store it safely. You have two main choices:

• CEX.IO Wallet: For convenience, you can store your XCN directly on CEX.IO. You can access your free CEX.IO wallet through our desktop platform or iOS and Android crypto mobile apps. 
• External Wallet: You can use a cryptocurrency wallet that supports Onyxcoin (XCN), such as a hardware wallet or a software wallet. While this provides you with full control over your private keys, it also often incurs extra fees. 

What is Onyxcoin (XCN)?

XCN is the native token of the Onyx Protocol, a decentralized blockchain infrastructure designed to enhance financial services. Functioning as both a utility and governance token, XCN allows holders to participate in the Onyx DAO, vote on protocol upgrades, and access premium services within the ecosystem. 

Unlike Bitcoin (BTC), which primarily serves as a store of value, XCN provides functional utility by enabling payments for Onyx Cloud and Sequence services, staking for governance, and granting discounts on premium plans. With a maximum supply of 48.4 billion tokens, XCN supports an enterprise-grade blockchain solution tailored for institutional adoption.

FAQ

What payment methods can I use to buy XCN on CEX.IO?

CEX.IO provides different payment methods to accommodate varying needs of our users. Eligible participants can obtain XCN using credit and debit cards, a prepaid card, bank accounts, Pay Pal (U.S.-only), Google Pay, Apple Pay, Neteller, Skrill, MoneyGram, Faster Payments. However, customers should be aware that certain payment methods may be unavailable due to regional/local regulations. 

Can I trade XCN on CEX.IO?

Yes, eligible participants can trade XCN on Spot Trading. The available trading pairs are XCN against USD and XCN against USDT stablecoin. 

How to track the value of my XCN?

Our cryptocurrency prices page is the most intuitive way to learn the real-time value of XCN, as well as other 200+ vetted assets you might be interested in. Besides this, you can learn more about the 24-hour price change, as well as the current market cap of XCN on this page.