The Uniqueness of XDC Network (XDC)
XDC Network is an EVM-compatible, layer 1 blockchain that integrates with the global payment messaging standard, ISO 20022. The integration with ISO 20022 allows the XinFin network to communicate and interact with existing financial systems using the standardized messaging format. This integration enhances interoperability and facilitates a seamless merger of blockchain technology into the global financial ecosystem.
The XinFin network offers developers and financial institutions a convenient platform for building applications through its SDKs. Software Development Kits facilitate the development process by providing libraries, tools, and documentation. These SDKs enable developers to build applications on top of the XinFin network, leveraging its features and capabilities.
XDC Network addresses the limitations of early blockchain networks, including low network bandwidth, high fees, and a poor developer experience. It supports smart contracts, enabling Dapp developers to create decentralized applications and protocols on the blockchain.
The XDC protocol allows for the deployment of layer 2 digital assets through Origin and utilizes sharding to process transactions at a high speed of over 2000 transactions per second.
As an open-source blockchain with a hybrid design, XDC facilitates global trade and finance. It interacts with both public and private blockchains through hybrid relay bridges that retransmit transactions into the public network.
XDC Tokens
The XDC coin, or simply XDC, is the native cryptocurrency of the XDC hybrid blockchain network and it serves as the reserve digital asset for all third-party decentralized applications running on the XDC Network. The coin provides access to advanced functionality on the XDC Network, powering a wide range of innovative use cases:
The XDC Token ensures settlement for dapps hosted on the XDC Network.
It offers the support for instant purchases within the network.
The coin is also necessary to pay gas fees (cover transaction costs) for on-chain transactions.
It enables the deployment and settlement of Smart Contracts, specifically for smart contract event triggers.
Who Created XDC (XinFin Network)?
XinFin Network (XDC), founded in 2017 and headquartered in Singapore, was established by Ritesh Kakkad, Atul Khekade, and Karan Bhardwaj. However, in 2018, Bhardwaj stepped down from his role to focus on his own startup, Elatior Tech.
Ritesh Kakkad, a tech entrepreneur in the blockchain industry, holds a bachelor's degree in commerce, accounting, and finance from the University of Mumbai, India. Prior to joining XinFin, he played a key role in establishing the solutions and application development firm, IndSoft Systems.
Atul Khekade, a skilled computer engineer and programmer, specializes in establishing new technology companies and providing funding for emerging platforms on XDC. He played a crucial role in the development of MonetaGo, a financial technology firm combating online fraud. Additionally, he contributed significantly to the development of Airnetz, a hybrid online-offline travel agency. He holds a degree in IT from Sardar Patel College of Engineering in India.
Why Buy XDC Network?
There are several reasons why some people find the Network XDC a good investment:
XinFin blockchain is an energy-efficient distributed ledger that combines public and private features, consuming less energy than traditional cryptocurrencies.
XDC Network is an open-source hybrid blockchain that facilitates fast and secure cross-border transactions, reducing transaction costs and intermediaries for global trade and finance markets.
XDC is interoperable with other blockchain platforms, promoting collaboration and compatibility across networks.
XDC provides enterprise-ready solutions with smart contract functionality, data privacy, and high throughput.
XDC holders can stake tokens for network participation and earn rewards, contributing to security and potential token appreciation.
How Is XDC's Market Price Determined?
XDC has a circulating supply of 13.86B coins and a max total supply of 37.86B XDC.
Several factors influence the XDC Network price. Firstly, an uptrend is driven by the increasing adoption of its ecosystem among dapp developers and users. As more individuals and businesses utilize XDC for their decentralized applications and transactions, the demand for the token rises, positively affecting its current price.
The announcement of new partnerships with mainstream businesses or the introduction of new use cases beyond global trade and FinTech can stimulate higher buying interest and further boost the XDC price statistics.
When the overall sentiment in the crypto market turns strongly bullish, the XDC price and market capitalization tend to trend higher. A surge in investor confidence encourages more buying activity, consequently increasing the value of XDC within the XinFin Network.
If you want to purchase cryptocurrency, you should check the live XDC Network price, the coin’s circulating supply, current market cap, 24-hour trading volume, analyze the XDC Network price change chart, and get acquainted with the XDC price prediction before you buy or sell XDC.
The XDC Network XDC price has experienced fluctuations recently, because cryptocurrency markets are highly volatile, posing your initial investment at risk when you purchase XDC or any other crypto product.
Thoroughly compare crypto exchanges and choose a reputable and secure platform that offers XDC trading. Consider metrics, such as transaction fees, user reviews, customer support, and available payment methods. It is also advisable to stay updated with the latest news and developments related to XDC Network and the broader cryptocurrency industry to make informed investment decisions.
Best Ways to Buy XDC Safely
You can find XDC Network (XDC Token) traded on multiple top cryptocurrency exchanges, including Changelly. Our platform is eager to accept various payment options, including fiat currencies like USD or EUR, as well as other cryptocurrencies to let you buy XinFin Network.
Changelly is a user-friendly exchange solution that offers convenience, security, and speed. You can buy XDC instantly using familiar funding sources, such as credit cards, debit cards, bank accounts, or mobile wallets.
Changelly ensures low fees and the best rates on XDC transactions, thanks to our integrations with the world’s largest crypto trading providers.
Note that Changelly is exclusively an exchange platform to buy XinFin Network, not a storage service for holding crypto assets. You need to initiate transactions from your own software wallet and input the correct wallet address. If you don't have a wallet, Changelly can help you get one instantly through our trusted partners like Ledger Live, Exodus, and Trust Wallet.
How to Buy XDC with a Credit or Debit Card
Here are step-by-step instructions for purchasing XDC tokens with credit or debit cards:
Visit a reputable cryptocurrency exchange like Changelly and sign up with it.
Complete the KYC requirement (which often requires disclosing your personal details and completing photo identification.
Navigate to the “Buy Crypto” area and choose XDC as the target digital asset.
Specify the fiat currency to pay with and select "Credit/Debit Card" as your payment method.
Enter the desired amount of XDC coins and input credit/debit card details.
Review the transaction order and confirm it if you agree to its terms.
Once the payment is processed, new tokens of XDC will show up in your exchange account or credited to your provided wallet address, if you are using an exchange service like Changelly.
How to Buy XDC (XDC Network) with a Bank Transfer
Wire transfers provide quick and safe transfers of funds for both residential accounts and financial institutions. Crypto purchases are available through various bank transfer types: SEPA in Europe, Interac in Canada, Pay ID in Australia, Faster Payments in the UK, and ACH in the USA. Changelly accepts bank wire payments from customers worldwide, enabling easy and secure buying of cryptocurrencies like XDC.
To purchase XDC using a bank transfer, perform the same actions as with using a credit or debit card, namely:
visiting a reliable crypto platform and create an account,
verifying your identity,
select "Wire Transfer" as the payment method.
Changelly partners with reliable fiat-to-crypto vendors that streamline purchasing XDC Network Coin with a bank wire in a speedy manner. However, some aspects of our processing cannot be controlled by our suppliers, such as delays caused by your chosen bank system or external compliance checks.
How to Buy XDC with Apple Pay or Google Pay
To purchase XDC using Apple Pay or Google Pay, you need a mobile app from a reliable crypto exchange platform (such as Changelly) and the financial wallet itself. Make sure both applications are installed on the same mobile device.
Log in to your account (or create a new one) on the exchange app, choose to buy XDC, and select Apple Pay or Google Pay as the payment option. Confirm the transaction via Touch ID, Face ID, passcode, or PIN, depending on the security settings you have enabled on your device. After a successful transaction, you will soon become an official owner of the XDC cryptocurrency.
How to Buy XDC with PayPal
PayPal allows its clients in certain countries to securely buy, sell, transact with, and store PayPal USD, Bitcoin, Bitcoin Cash Ethereum, and Litecoin. However, PayPal does not currently offer crypto trading services for XDC other crypto coins, but the mentioned above.
To purchase the native coin of the XinFin Network, XDC, with PayPal, you can resort to crypto peer-to-peer marketplaces, regular cryptocurrency exchanges, or crypto brokers that may allow PayPal as a funding channel.
How to Buy XDC from an ATM
With the help of crypto ATMs, it’s quite easy for investors to start buying crypto like Bitcoin or Ethereum with a fiat currency, such as USD or EUR. These vending machines make the process quick and easy, provided you bring along a crypto wallet with you to credit the newly purchased crypto assets.
It is worth mentioning that with crypto ATMs, you can find yourself paying transaction fees around 5 to 10% fees against providing anonymity, speed, and convenience of keeping personal and all the details in private. This fee is much higher compared to regular crypto exchanges like Changelly.
Unfortunately, XDC (XinFin Network) is not a widely supported cryptocurrency, and it is unlikely that you can buy it directly from a Bitcoin ATM. XDC can be purchased through various cryptocurrency exchanges or platforms that support it.
How to Buy XDC with Cash
To purchase XDC Cryptocurrency with cash, you can explore the following avenues:
Cryptocurrency Exchanges
Many online platforms, including Changelly, allow you to buy cryptocurrencies using classic money sent via cards, bank transfers, or mobile financial wallets. Some of such platforms also offer a variety of order types to buy XDC in the spot market, such as market orders for instant purchases and limit orders for buying crypto at a specified price.
Peer-to-Peer (P2P) Trading
Platforms like Paxful or Hodl-Hodl let you interact with individuals eager to sell XDC directly for cash. You can arrange a meeting with the seller in real life to complete the deal.
Over-the-Counter (OTC) Desks
Some cryptocurrency exchanges offer OTC services where you can buy XDC Network with cash. These desks facilitate large-volume trades and provide personalized help. Changelly offers an OTC platform as well for those interested in buying a lot of crypto.
Crypto Vouchers
Certain platforms, like CryptoVoucher io, offer XDC crypto vouchers that can be purchased with cash in local stores. These vouchers can then be redeemed for XDC on supported online exchanges or crypto trading platforms.
How to Buy XDC with a Prepaid Card
Prepaid cards work similarly to regular debit or credit cards and are a convenient and secure way to invest in cryptocurrencies like XDC Network. Such cards allow you to better control your budget, but they may come with higher transaction fees when buying crypto with them.
Also, the prepaid card acceptance is rather limited among crypto trading platforms, causing you to spend more time and energy on finding the right platform to execute your transactions seamlessly.
What Can You Buy with XDC Coins?
XDC coins are primarily used within the XDC blockchain for various purposes. It is utilized to facilitate transactions, pay for network fees, and engage in smart contract operations.
XDC coins can also be staked to earn rewards or participate in voting within the XDC ecosystem.
To find the exact businesses and service providers that accept XDC Network Coins, you can explore online directories like Cryptwerk, CoinMap, or SpendBitcoins.
Where to Store Your XDC Coins?
XDCPay serves as the official XDC wallet, accommodating storage for both XDC coins and XRC tokens, including those you create. With XDCPay, users can conveniently run decentralized applications (dapps) directly within their web browsers. It also enables seamless payment transactions on the XDC Network, offering the advantage of low gas costs. By utilizing XDCPay, users can efficiently manage their XDC and XRC tokens while enjoying the flexibility and convenience of executing transactions and interacting with dapps on the XDC Network.
Apart from the official crypto wallet, you have a few other options for storing XDC coins:
Hardware Wallets. Hardware wallets like Ledger or Trezor provide enhanced security for storing cryptocurrencies, including XDC. These wallets store your private keys offline, offering protection against online threats.
Third-Party Wallets. Some third-party wallets may support XDC coins. For instance, MyEtherWallet (MEW) is a popular Ethereum wallet that allows you to store XDC since XDC is based on the Ethereum blockchain. Ensure that the wallet you choose supports ERC-20 tokens.
How to Cash Out XDC?
You can sell XDC for fiat currencies through the same avenues used for purchasing the asset, namely cryptocurrency exchanges like Changelly, peer-to-peer marketplaces, crypto brokers, and OTC desks.
To trade XDC for cash in a more innovative way, consider using the XDC card. It functions like a regular debit card from VISA or MasterCard, allowing you to make in-store purchases, withdraw cash from regular ATMs, and buy goods online where bank cards are accepted. Such cards can be obtained from Globiance and other similar providers.
Lastly, Crypto gift cards offered by companies like Bitrefill, CoinCards, and eGifter allow you to trade XDC holdings for popular retailer cards, enabling you to buy goods or services without spending classic fiat money.
