Where and how to buy STX?

Stacks is a blockchain platform designed to support the creation of smart contracts and decentralized applications (dApps) on the Bitcoin network, potentially enhancing its functionality. 

Since it's built on top of Bitcoin, Stacks naturally inherits the security benefits of this established blockchain, which could be its main competitive advantage over other Ethereum-powered platforms. 

STX acts as the core currency within the Stacks ecosystem. Like bitcoin, it has a capped supply, with 1,818 billion STX circulating. Unlike traditional staking with other cryptocurrencies, STX holders can lock up their tokens (here referred to as “stacking”) to participate in the network's consensus mechanism and potentially earn Bitcoin rewards. 

In this article, we’ll explore how to buy STX with a credit and debit card hassle-free. 

Where to buy STX?

Unlike traditional assets like stocks, which might be purchased with cash at a brokerage firm, cryptocurrency enthusiasts can't directly purchase crypto through fiat transactions. Instead, they need to utilize dedicated cryptocurrency exchanges.

One such exchange is CEX.IO, which offers a user-friendly ecosystem that caters to both new and experienced crypto enthusiasts, providing numerous gateways for buying crypto in the U.S., and other supported jurisdictions. This helps ensure a smooth entry point for curious participants and seasoned traders alike.

For those comfortable with navigating markets, CEX.IO offers a robust crypto trading platform called Spot Trading. This allows interested parties to buy and sell cryptocurrencies at market value, and make informed decisions by tracking live crypto prices directly on our platform. 

However, for individuals looking for a more intuitive approach, CEX.IO also features Instant Buy. This service allows eligible participants to buy crypto with Google Pay conveniently, but also a plethora of other popular payment methods like:

• Apple Pay
• PayPal
• Bank transfer
• Credit and debit cards
• E-wallets (Skrill, Neteller)

Disclaimer: Please note that the availability of certain payment solutions may vary between jurisdictions.

How to register at CEX.IO? 

Signing up with CEX.IO allows eligible enthusiasts to buy, sell, trade, convert, and store cryptocurrencies in a designated crypto wallet. Creating an account on our platform only requires completing a few simple steps, as follows:

1. Click on the Register button in the upper right-hand corner
2. Enter your email and secure your account by generating a strong password
3. Choose your country of residence and click Create an Account
4. Confirm your email address
5. Verify your identity

How to pass verification on CEX.IO?

Completing a brief identity verification helps us comply with KYC/AML regulations and continue offering our customers the best crypto buying experience. Simultaneously, completing this process serves our members as an entrance to a wide range of services and features, including: 

• Spot Trading
• Trading API
• Wallet
• Crypto payment app
• Crypto savings
• Staking

The verification procedure takes no more than five minutes and requires customers to provide proof of identity (a valid passport, government-issued ID, or driver's license) and submit a selfie photo with the selected document. 

Note: in addition to the documentation mentioned above, U.S.-based customers are required to provide their Social Security Number to comply with strict regulations in their respective jurisdictions. 

How to purchase STX with a credit or debit card on CEX.IO?

After submitting the verification documents, customers become eligible to purchase STX via their credit and debit cards. The most intuitive way to obtain this cryptocurrency is through Instant Buy. Here are the steps to buy STX with a credit or debit card: 

1. From the dashboard, navigate to the Buy Cryptocurrency section
2. Select the desired currency you want to use for the purchase 
3. Choose STX as the cryptocurrency you wish to buy
4. Click Buy Crypto Instantly
5. Specify the amount you're ready to spend for acquiring STX
6. Select credit/debit cards as the preferred payment solution
7. Enter your card number, expiration date and label (Mastercard or Visa)
8. Click on Add Card to initiate the translation 
9. Confirm the purchase

Note: Depending on your card issuer, you may need to verify the transaction by entering the one-time password (OTP) via SMS or email. Be sure to follow the on-screen instructions to enter the OTP and complete your purchase securely.

What payment methods can I use to purchase STX besides credit and debit cards? 

CEX.IO provides multiple convenient ways to acquire STX and other cryptocurrencies. Beyond traditional credit and debit cards, our respected customers can utilize bank transfers, e-wallets (Skrill, Neteller), and even mobile payment systems like Google Pay and Apple Pay for their purchases.

However, it's important to note that some payment methods may vary depending on your location. For example, U.S. residents can conveniently buy crypto with PayPal, but bank transfers might not be available for acquiring STX or other digital assets.

We recommend our members always perform due diligence and explore the available payment solutions before purchasing. This will ensure a smooth and hassle-free experience.

FAQ

How to buy STX in the U.S.?

STX is currently unavailable for U.S. residents due to regulatory considerations. However, CEX.IO offers a comprehensive list of supported currencies tailored to U.S. members. Interested enthusiasts can explore our U.S.-supported cryptocurrency list to discover pathways that align with their portfolio goals.

What other cryptocurrencies can I buy on CEX.IO besides STX?

CEX.IO offers a comprehensive selection of over 100 digital assets. Eligible users can explore established cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) but also buy Tether and other stablecoins like USDC and TUSD, offering a potentially less volatile starting point.