How To Buy PIVX (PIVX) Tokens?
If you are looking to buy PIVX (PIVX) coins, then we would recommend using an established exchange platform such as Binance. You can either choose to store them on the platform or withdraw them and keep them in a personal wallet. If you are looking to hold for Simple tokens longterm, then move them off the Binance platform. If you are new to Binance, carry on reading this article for a step-by-step guide on how to use this trading platform.
Do You Have A PIVX Wallet?
If you go to the PIVX Wallet page here and scroll down are links to our Desktop Wallets you can pick from depending on your requirements. A little further down the page, they have the latest mobile wallets available too.
Sign-Up To Binance To Get OST
Enter your email and a strong password (that you won’t forget!) and then Click ‘Register’. You will be sent an email to confirm your email address. Click the link in the email. If you can’t see it, then check your spam folder.
You will be taken back to Binance as your email is confirmed. Press ‘Login’. On the login form, enter the email and password you just used to sign up, then press ‘Login’.
A pop-up will advise you to set up 2FA (two-factor authentication) on your account. We strongly recommend you set up 2-factor authorization (2FA) on your account.this second level of security makes it very unlikely they will be able to get into your Binance account.
Adding Funds To Binance
Hover your mouse over ‘FUNDS’ on the top menu and click on ‘Deposits Withdrawals’. This screen displays any coins which you have stored on Binance – you will need to deposit some. I would suggest using Ethereum due to the lower sending fees. However, you can deposit other coins to like BTC. If you dont have any, check out our page on where to buy Bitcoin for a list of various websites.
Type ‘Ethereum’ in the search box. This will narrow the wallets displayed to just a few- in those, find Ethereum. Press ‘Deposit’ You will be given an Ethereum (ETH) deposit address. Make sure you have the correct address. If you send a currency to the wrong address, it will be lost forever. (The image below show LTC – this is for example purposes only).
Using The Exchange To Buy PIVX
The exchange page on Binance might appear too much to handle to start with, but don’t worry, you only need to use a small part of it.
There are 2 methods for buying coins on Binance:
- A ‘Limit’ order, which enables you to manually set the price you want to buy PIVX Coin at.
- A ‘Market’ buy, which fills your order automatically at the best price available. The price may have spiked at that time, so be careful not to overpay. If you like the price then go ahead and use this method. Above the Buy PIVX’ button, click the ‘Market’ option.
In the input box marked ‘Amount’ you now need to fill out what number of PIVX you want to buy. It could be simpler to use the percentage buttons below the input box – for example, press 50% if you’d like to exchange 50% of your Ethereum for PIVX.
Once you’re satisfied with the quantity, press the buy button. Your order will be filled immediately.
Withdrawing Your PIVX Tokens
If you’re happy with it, you can just leave your coins on Binance and they would in all probability be safe. On the other hand, exchanges have been compromised in the past, and users have lost coins, therefore we do suggest you keep them in a personal wallet. (The image below shows LINK coin – this is for example purposes only). Ensure you have selected PIVX.
- Press ‘Funds’ along the top menu, then ‘Deposits Withdrawals’. In the search box, type PIVX. You will now see your new PIVX in your PIVX wallet.
- Click the ‘Withdrawal’ button.
- In the boxes that appear, complete the information:
- Label: Write ‘My wallet’
- Address: Put the wallet address that you copied from your PIVX wallet.
- Amount: Press the ‘Max’ button to send all your PIVX.
When you’re positive all information is accurate (check you’ve inputted the correct wallet address!), press ‘Submit’. If you’ve set up two-factor authentication, you will be asked for a code from your phone. Enter it and press ‘Submit’. You will be sent an email to confirm the withdrawal. Go to your email and click the link that’s been sent to you.
What is PIVX?
Private Instant Verified Transaction, PIVX, is a privacy-focused decentralized open-source cryptocurrency launched on Feb 1, 2016, under the name of Darknet (DNET), before it was re-branded to PIVX. The initial Proof of Work (PoW) distribution phase ended August 2016 when DNET transitioned to the current Proof of Stake (PoS) phase.
PIVX runs on Blackcoin PoS 2.0 protocol and is based on Bitcoin core 0.10.x code base. It utilizes a network of master nodes for an openly visible decentralized governance and increased transaction privacy.
The main goal of PIVX is to achieve near instant private transactions and a governance that helps sustain the network for the benefit of all of the users involved.
Circulating Token Supply: 55,407,318