PIX TOKEN EXCHANGES



 

HOW TO purchase PIX tokens

_

If you are new to the ERC-20 process, here are a few things to consider first. 

 

Token v. Coin. What's the difference?

While a cryptocurrency coin, like Ethereum, is primarily used as a digital currency, it is also a platform where that allow for the building of applications. In the Etherium ecosystem, there are two types of native assets. There are “coins” — Ether — is used within the network and a “token” is used within the application.

 

What is ERC20 Token?

ERC-20 is a set of standards created in 2015 for applications built on the Ethereum network. To comply with ERC-20, an application must have six types of functions that would allow it to communicate with other applications, and it is the existence of these protocols that underpins the compatibility of ERC-20.

 

How to buy your first tokens

Today, tokens cannot be purchased directly with paper or real-world currencies. To acquire tokens, one must exchange coins (i.e. Ether, Bitcoin, Ripple) for them. 

First you need to buy coins that can be used in trading, such as Ether (ETH), Bitcoin (BTC) or Ripple (XMR). A common portal to purchase coins is Coinbase, and here's a helpful post to guide you through setting up a Coinbase account to purchase a coin.

Next, you will want to set up a place to store your tokens once purchased. This will allow you full control over your tokens and allow you to secure your portfolio.

 


There are several wallet options available.

For all of the below option, it is important remember security and to keep your keys private.

Desktop (Hardware) Wallets

Hardware wallets are specialized software stored on computers, drives or other devices that encrypts your wallet's data. Only someone with the specific encryption code or key will be able to gain access to transfer or receive assets.

Online Wallets

Online wallets are popular alternatives to Desktop Wallets, they store all information online. This is different than an account with an exchange, since the account is specific to just you, the investor, as opposed to a composite account in an exchange which stores access keys in bulk along with other investors.

Mobile Wallets

The simplest way to describe a mobile wallet is to say it is a desktop wallet for you mobile phone, regardless of whether it's an iOS or Android device.

 

Once you have established your wallet and have purchased coins, you will be ready to purchase, store and secure your PIX tokens.