How to Buy PIVX (PIVX) in 3 Simple Steps

5 Things to Consider if you Want to Buy PIVX

You can’t simply go out there and purchase PIVX without doing any exploration. In the event that you are committed to trading, it is suggested that you assess a number of variables to limit your risk.

1. Carefully choose your preferred secure payment method

The primary thing that you need to remember is that offered payment methods differ from one country to another. Since there are many payment modes, it isn’t practical for us to discuss each strategy. However, some of the key factors that you need to consider include speed, security and reliability.

2. Will you need to set up your own wallet?

When your investment is for the long haul and you need to store your PIVX tokens for some time, it’s suggested that you safely store your coins in a digital currency wallet. The web wallets that are incorporated into your broker or exchange account are moderately secure, but they are helpless against cyberattacks. This is the reason why it is a smart idea to limit your risk by setting up your own cryptocurrency wallet. In the event that you would prefer not to deal with a crypto wallet, the most ideal approach to put money into PIVX is through trading via CFDs.

3. Comparing costs

Before you put money into PIVX or some other digital currency, we propose that you think about the expense of trading PIVX coins. There are various sorts of charges that you should pay including network charges, exchange charges, and storage and withdrawal charges. These costs can diminish your overall financial gains. Then again, you can use digital currencies to trade PIVX tokens as this specific mode of payment is less expensive.

4. Safety and security

When you put money into PIVX or some other crypto project, you need to guarantee that it’s safe and secure for you to do so. Unlike many other numerous altcoins, the PIVX community of developers has composed a robust code guaranteeing an undeniable level of security. It implies that each transaction that happens on the PIVX blockchain is decentralised as well as completely secure.

Some other key security highlights of the blockchain incorporate encoded public and private keys, distributed ledger and decentralisation. As a result, no single individual or association has an excessive impact on the digital currency or its blockchain. Every decision concerning the crypto project is made through the Decentralised Autonomous Organisation (DAO).

Moreover, the PIVX user’s financial data is protected through an extensively customised, open-source deployment of the validated academic anonymity protocol zero-knowledge succinct non-interactive argument of knowledge (zk-SNARKs) Sapling. All of the user’s transactions are secured by this protocol which is called SHIELD.

5. Can you understand and navigate the platform?

Since PIVX isn’t simply just another digital currency available but an innovative venture that offers real-life applications to its users, the value of its coin has seen a considerable increase throughout the most recent couple of months. This looks good for the venture as upgraded ease of use can keep on driving the price of the token.

Another alternative that traders have is to use a digital money platform or a broker site to purchase PIVX coins. It is suggested that you make yourself acquainted with your favoured platform so you don’t experience any difficulty as far as trading PIVX coins.

What is the Best Payment Method for Buying PIVX?

When you need to purchase PIVX tokens, you can choose from a variety of payment methods. The availability of various payment strategies is subject to your country and your favoured trading broker or cryptocurrency exchange. This is the reason it is advised that you distinguish and assess various choices.

Buying PIVX with PayPal: PayPal has become the default payment technique for a dominant part of online businesses. Contingent upon the country you reside in and your chosen crypto platform, you can use PayPal to purchase PIVX tokens. However, there are a large number of other payment techniques that are undeniably cheaper when contrasted with PayPal. If you are hoping to purchase PIVX coins in a large quantity, PayPal is a reasonable payment mode.

You need to remember that PayPal isn’t open in various countries all throughout the globe and only a couple of platforms work with purchasing through PayPal. In spite of the fact that PayPal has as of late found numerous ways to support crypto buying, it is not as popular as other payment methods.

Buying PIVX with Cash: While you don’t need to pay any exchange charges when you purchase PIVX with cash, it is practically difficult to do so. The only way you can buy PIVX tokens this way is that you can discover a seller who is willing to sell PIVX coins at the value you need. Since this strategy is very risky, it is suggested that you investigate other payment techniques which are safer.

Buying PIVX with Bank Transfer: When you are hoping to limit your trading cost, purchasing PIVX coins through wire transfer is your most ideal alternative. You can use this payment strategy to send and get assets to and from a crypto broker. The only con of using wire transfer is that it is a slower mode of payment when contrasted with other payment techniques.

Buying PIVX with Credit Cards or Debit Cards: When you don’t need to stress over transaction cost and basically need to buy PIVX coins as fast as could really be expected, you can use your debit or credit card. While the trading expense will be higher when contrasted with other payment strategies your transactions will be carried out immediately.

What Fees are involved in Buying PIVX?

When you are hoping to trade or purchase PIVX, you will need to consider additional costs while deciding the profitability of your orders. A portion of the expenses incorporates network expense, exchange charges, commissions, deposit fees and withdrawal charges. A portion of the significant costs that you need to consider incorporates the following.

Transaction Fees: Since PIVX transactions happen on a blockchain network, the validating cycle requires resources so the users who have contributed their assets to approve transactions can be compensated. By and large, transaction charges range somewhere in the range of 0.1% and 0.3% of the aggregate total. These charges will vary depending upon your favoured crypto platform. That is the reason it is crucial to discover a platform that empowers you to keep your transaction expenses at an insignificant level.

Deposit Fees: While the greater part of the platforms and brokers don’t charge any deposit expense any longer, there are a few services that actually do. At the point when you are surveying different crypto platforms, find one that doesn’t charge deposit expenses.

Withdrawal Fees: Like deposit expenses, withdrawal charges also will vary depending upon your chosen crypto platform. There are numerous platforms that won’t deduct any expense for pulling out your assets. The majority of the services that don’t charge any deposit expense will not additionally charge you any withdrawal fee.

Safely Storing Your PIVX

In order to hold your PIVX coins in a safe manner, you will require a digital crypto wallet. Crypto wallets can be found in various forms including the following.

Web Wallet: The wallets that exist in your platform account are called web wallets. They give the best accessibility to your assets yet they are the most powerless against hacks and cyberattacks.

Mobile Wallet: When you need to buy and sell PIVX tokens from any place, the most ideal alternative for you is a mobile wallet. These wallets are particularly made for your phone and offer an assortment of safety features alongside flexible usefulness. You can use the mobile version of Atomic Wallet to store your PIVX coins.

Desktop Wallet: These wallets are like desktop applications that you can install on your PC. Despite the fact that they don’t offer speedy accessibility and ease of use of mobile or web wallets, they are more feature-rich and secure. You can discover highlights like two-factor confirmation and passphrase security in these types of wallets. Atomic Wallet is one of the broadly used desktop PC wallets for storing PIVX.

Hardware Wallet: When you need the most significant level of safety to store your PIVX coins, the most ideal choice for you is a cold or hardware wallet. They are called cold wallets since they don’t have any equipment installed that can be used to initiate a network connection. You fundamentally store your private keys on an actual gadget that has no network access. It additionally implies that you need to guarantee the security of your wallet as you can only get access to your coins when you have the gadget. A portion of the top wallets incorporates Ledger Nano S and Trezor.

Wallet Combinations: Another way to store PIVX coins is to use a combination of different types of wallets. This will allow you to get the best of both worlds as you can have the security of hardware wallets for your long-term trades while enjoying the accessibility of web or mobile wallets for short-term trading.

What Other Coins Can I Trade or Use to Buy PIVX?

When you would prefer not to use regular cash to buy PIVX tokens, you can use other digital currencies like Bitcoin and Ethereum to purchase PIVX. The most well-known digital forms of money to purchase PIVX incorporate ETH, BTC, ADA and XRP. With cryptocurrencies, you don’t need to pay the exchange charges for deposits that can eat into your benefits.

What’s the Smallest and Largest Amount of PIVX I Can Buy?

Since digital currencies are unpredictable as far as cost is concerned, numerous traders need to know the base amount or part of coins they would need to purchase for their venture. Since there is no upper limit to PIVX tokens, you could purchase as many as you want but check your local laws to find out about any restrictions on maximum investment. There is usually no restriction on lower limits but the exchange may require you to invest a minimum amount.

Can I Buy PIVX Anonymously with no ID? Is it Safe and Legal to Buy PIVX?

It is highly recommended that you use a regulated brokerage or exchange service to invest in PIVX tokens since they ensure the security of your personal information as well as a digital asset. It may be possible to exchange PIVX anonymously through an unregulated platform or P2P service.

If you are certain about buying a PIVX token anonymously through a specific broker or exchange, ensure that you have complete knowledge of the service. This will guarantee the security of your own information and assets. Remember that anonymous transactions can’t be traced so in case you lose your funds, it’s absolutely impossible to get them back.

Will Buying PIVX Make Me Money?

Bringing in profits with trading PIVX coins absolutely relies upon your methodology. This is a query that you should answer yourself. If you are interested in learning more about the price history of PIVX, please visit our PIVX Price Page.

How to Spend your PIVX

The essential aim of the PIVX blockchain is to offer a decentralised and instant way of sending and receiving funds. That is the reason it can’t be spent in a traditional way to purchase stuff on the web. What you can do is buy more mainstream currencies like Bitcoin with your PIVX tokens and afterward make your purchase.

How to Sell your PIVX

Selling PIVX coins through a brokerage website is relatively easy. The most ideal approach to sell your PIVX tokens is through an exchange or a broker. When you have PIVX CFDs, you can sell them quickly through a broker as transfer of coins from a wallet is not required here.