How to Buy xDai Chain Right Now
In this article, we will show you how to buy xDai Chain easily. By the end of this article you would learn how to buy STAKE with USD, BTC or ETH. Keep reading.
Table of Contents:
- What is xDai Chain? Our review
- Current prices
- Where to buy STAKE
- How to safely store STAKE
- Frequently asked questions
Current xDai Chain Price Stats
|STAKE Price||$27.1219 USD|
|Price Change24h||$0.7919 USD (3.01%)|
|24h Low / 24h High||$24.5854 / $30.0100 USD|
|Trading Volume24h||$16,384 USD|
What is xDai Chain? A Review
xDai is a cryptocurrency for everyday payments and transactions. Payments are instantaneous, and the value remains stable at ~ $1 US Dollar per xDai. User-friendly tools designed to make xDai easily adaptable for a broad audience.
Where and How to Buy xDai Chain (STAKE) Coin
There are 3 steps to purchasing xDai Chain. They are:
- Buy Bitcoin: Buying Bitcoin in 2021 is a fairly simple matter which we don't need to go in-depth on. The best places to but Bitcoin directly today with USD or your native currency are: Coinbase, Binance and Paypal.
- Move the Bitcoin to an Exchange that supports STAKE: Once you have purchased BTC, the next step is to move the BTC to an exchange that supports the STAKE/BTC trading pairs.
- Buy xDai Chain on the Exchange: Now, you can buy xDai Chain with your Bitcoin on your preferred exchange from the options we provided. Some of these exchanges support different STAKE pairs. Below is a detailed breakdown of each exchange and the trading pairs it supports.
How to Safely Store xDai Chain Crypto
Once you buy xDai Chain, the next question you'd have is "where do I store my xDai Chains?". It is quiet easy to store your xDai Chain tokens after purchase. In fact there are two easy methods of doing so:
- Cold storage: There is a saying in crypto that the only tokens you own are those on your hard drive. This is very true as lots of things could happen to coins stored on exchanges - e.g hacks. For this reason, cold storage is usually a good option.
Hardware wallet options like - The Ledger Nano S or Ledger Nano X and SecuX V20 could be a good place to store xDai Chain. If xDai Chain is an Ethereum based ERC-20 token, you can also store it in any ERC-20 compatible wallet such as MyEtherWallet (MEW) or MyCrypto.
- Exchanges: Storing on Exchanges might be a good option if you don't plan on hodling xDai Chain for the long-term and need to quickly trade it and make some gains. However, be careful as a downside of storing on exchanges is the susceptibility of exchanges to hacks.