Your Guide to Buying Peanut the Squirrel Instantly on CEX.IO

Everything you need to know about Peanut the Squirrel (PNUT): From key features and use cases to pros and cons, we’ve got you covered. Follow our step-by-step instructions to buy PNUT on CEX.IO and dive into the world of blockchain.

What is Peanut the Squirrel?

Peanut the Squirrel (PNUT) is a memecoin that gained attention due to its connection to a real-world event involving a squirrel named Peanut. The token was created after Peanut, a pet squirrel cared for by Mark Longo, became an internet sensation with over 600,000 followers. 

The situation took a tragic turn when the New York Department of Environmental Conservation confiscated and euthanized Peanut due to health concerns. This sparked widespread reactions, with many expressing anger over the incident. In response to the outcry, the PNUT token was launched, aiming to honor Peanut’s legacy while raising awareness about animal welfare.

Key Features of Peanut the Squirrel (PNUT):

• Solana Blockchain – PNUT operates on the Solana blockchain, potentially offering fast and low-cost transactions.
• Memecoin with a Cause – Although PNUT is classified as a memecoin, it carries a mission to raise awareness about animal welfare and conservation, reflecting the cause behind its creation.
• Fair Release Process – The token was launched through a "fair release" process, designed to ensure that distribution was decentralized and accessible to a wide audience.
• Community Engagement – The PNUT community plays a significant role in promoting the coin, often engaging in discussions about animal welfare and supporting various related causes.
• Token Supply – The total supply of PNUT is limited to 999,856,448 tokens, potentially making it a scarce asset in the market.
• Support for Animal Welfare – A portion of the funds generated through the PNUT coin is intended to support animal rescue operations and raise awareness for animal rights.

Why Is Peanut the Squirrel (PNUT) Popular?

Peanut the Squirrel (PNUT) became popular largely due to the emotional story behind its creation. The tragic event of Peanut, a pet squirrel, being euthanized by the New York Department of Environmental Conservation after being confiscated sparked widespread outrage. This event gained significant attention on social media, particularly when public figures like Elon Musk shared their opinions, amplifying the conversation. The emotional connection people felt toward Peanut led to the coin’s initial popularity.

The coin's popularity also stems from its community-driven nature. Many supporters see PNUT not just as a meme coin but as a symbol for animal rights and conservation. This sense of purpose behind the coin helped solidify its place in the hearts of many who advocate for animal welfare, turning the tragedy into a movement for change.

Step-by-Step Guide to Buy Peanut the Squirrel (PNUT) on CEX.IO

If you’re looking to buy Peanut the Squirrel with more flexibility, here’s a breakdown of how to purchase PNUT on CEX.IO:

1. Start by signing in or creating an account on CEX.IO.
2. Complete KYC verification to unlock full access to the features.
3. Head on to Instant Buy from the homepage or within the mobile app (iOS and Android).
4. Choose PNUT from the list of available assets.
5. Select your fiat payment gateway (credit card, PayPal, etc.).
6. Specify how much you’d like to buy.
7. Complete the payment with your preferred method.
8. Follow the instructions and confirm the transaction.

In addition to Instant Buy, CEX.IO also offers other trading methods, like market orders, for users seeking additional flexibility.

Payment Methods for Buying Peanut the Squirrel

When buying Peanut the Squirrel (PNUT) on CEX.IO, you can choose from a wide array of payment methods whether via the Instant Buy feature or our Wallet functionality. Credit and debit cards are the most common methods, but many users also choose bank transfers. 

In addition, CEX.IO supports several alternative payment systems, including PayPal for U.S. users, prepaid cards, Google Pay, Apple Pay, Neteller, Skrill, MoneyGram, and Faster Payments.

Please note that payment availability may vary based on your location. For example, PayPal is only available to U.S. users, and bank transfers are not offered within the U.S. Always check which gateways are available in your region before purchasing.

Why Choose CEX.IO for Peanut the Squirrel (PNUT)?

CEX.IO has been a trusted platform in the cryptocurrency space since 2013, offering users worldwide a regulated and licensed environment to buy, sell, trade, and store digital assets. Whether you’re a beginner or an experienced trader, CEX.IO provides multiple choices to acquire Peanut the Squirrel (PNUT). 

Beginners can easily use the Instant Buy feature, while experienced traders can take advantage of Spot Trading and Margin Trading for more control over their trades.

To accommodate users from different regions and purchasing preferences, CEX.IO offers a wide range of payment methods, which we will detail further in this guide. Whether you're looking to pay with a bank transfer, credit card, or an alternative method, CEX.IO has you covered.

For those who prefer trading on a desktop, CEX.IO provides a seamless experience through our web platform, while mobile users can access the platform through the CEX.IO App, available on both Android and iOS.

In addition to purchasing PNUT, CEX.IO offers a range of services to enhance your crypto experience. Users can participate in Staking and Savings to potentially earn crypto rewards on a variety of other supported cryptocurrencies. While PNUT is not yet available for these features, it's worth exploring the potential of earning crypto rewards from other assets.

Lastly, CEX.IO’s Crypto Debit Card is available for EEA residents, enabling them to spend PNUT and over 200 other vetted assets seamlessly for in-store and online purchases. This integration allows users to enjoy the benefits of their digital assets in the real world.

FAQs

How can I track the price of Peanut the Squirrel (PNUT) on CEX.IO?

To track the real-time price of Peanut the Squirrel (PNUT), you can utilize Spot Trading on CEX.IO, where you have access to various charts displaying both live and historical data. Additionally, visitors can check the cryptocurrency prices page for current market value, and market cap. While buying, selling, and trading are available only to registered and verified users, observing the current price is accessible to both registered and non-registered users.

Can I Buy Peanut the Squirrel (PNUT) Without Verification?

Due to strict regulatory compliance, CEX.IO requires all customers to be registered and verified before purchasing Peanut the Squirrel (PNUT). This helps ensure a secure trading environment for all users.

What Are the Fees for Buying Peanut the Squirrel (PNUT)?

The fees for purchasing PNUT can vary depending on several factors. One key factor is the payment method you use, as different payment methods come with different fee structures. Additionally, trading fees are based on CEX.IO's transparent fee schedule. We recommend checking both the payment method fees and our fee schedule for a detailed breakdown of applicable charges before completing your purchase.

How Long Does It Take to Buy Peanut the Squirrel (PNUT) on CEX.IO?

Buying Peanut the Squirrel (PNUT) on CEX.IO typically depends on your payment method. If you're using a credit card, the processing time is usually quick, within minutes, but may take from 1 to 2 business days in most extreme situations. Bank transfers, however, are slightly slower and might take 3 to 5 business days. Once CEX.IO receives your payment, your funds are usually credited instantly, but processing times can vary depending on external factors like bank holidays, the payment provider, or high transaction volumes. Always check with your payment provider for more accurate timeframes.

Can I Sell Peanut the Squirrel (PNUT) on CEX.IO?

Yes, you can sell Peanut the Squirrel (PNUT) on CEX.IO in a variety of ways. Experienced traders can trade PNUT for other fiat or cryptocurrencies. For those who prefer to convert their holdings to fiat, the Withdraw feature (located within the Wallet functionality) allows you to cash out PNUT to fiat currencies using a range of supported withdrawal methods.