Where to buy and sell eCash(XEC) coins

eCash (XEC), a fork of BCH, offers enhanced scalability through Advanced UTXO Commitment and off-chain consensus, facilitating high transaction volumes.

Dec 18, 2024 at 12:33 am

Key Points:

• eCash (XEC) is a fork of Bitcoin Cash (BCH) focused on scalability and security.
• It employs Advanced UTXO Commitment (AUC) and off-chain consensus to handle high transaction volumes.
• Buy XEC on cryptocurrency exchanges like Binance, OKX, and Huobi.
• Store XEC safely in official wallets such as Exodus, Atomic, and Trust Wallet.
• Various platforms, including ChangeNOW, Changenow, and EzySwap, allow users to buy and exchange XEC for other cryptocurrencies.

Where to Buy and Sell eCash (XEC) Coins

1. Purchase XEC on Cryptocurrency Exchanges

• Binance: One of the largest and most popular exchanges, offering a wide variety of cryptocurrencies, including XEC. It provides high liquidity and competitive trading fees.
• OKX: Another reputable exchange known for its comprehensive platform, offering spot, margin, and perpetual trading options for XEC. It charges reasonable fees and supports a range of payment methods.
• Huobi: A global exchange with a strong presence in the East, Huobi lists XEC and offers various trading pairs. Its advantages include high security and robust liquidity.

2. Choose a Secure Wallet

• Exodus: A user-friendly multi-currency software wallet that enables the storage of XEC coins. It provides an intuitive interface, supports other popular cryptocurrencies, and offers secure storage options.
• Atomic: A non-custodial multi-asset wallet that supports XEC and hundreds of other cryptocurrencies. It offers private key control and allows for the exchange of assets within the wallet.
• Trust Wallet: A mobile-based wallet developed by Binance, Trust Wallet stores XEC coins and provides secure access to decentralized apps (dApps). It features a simple interface and supports multiple cryptocurrencies.

3. Buy or Exchange XEC Using Swap Platforms

• ChangeNOW: A non-custodial cryptocurrency exchange platform that allows for the direct exchange of XEC to various fiat currencies and other digital assets. It offers instant transactions and competitive rates.
• Changenow: Similar to ChangeNOW, Changenow facilitates the exchange of cryptocurrencies without requiring registration. It provides competitive fees and supports a wide range of cryptocurrencies, including XEC.
• EzySwap: Another decentralized platform, EzySwap allows users to exchange XEC for other cryptocurrencies, including stablecoins and altcoins. Its key features include anonymity and low fees.

FAQs

Q: What is eCash (XEC)?
A: eCash (XEC) is a fork of Bitcoin Cash (BCH) with a focus on scalability and transaction speed, achieved through the implementation of Advanced UTXO Commitment (AUC) and off-chain consensus.

Q: What is the difference between XEC and BCH?
A: While XEC and BCH share a common origin, XEC emerged as a fork of BCH with the primary goal of improving transaction throughput and scalability, primarily through the use of AUC and off-chain consensus.

Q: What is Advanced UTXO Commitment (AUC)?
A: AUC is a technique used in XEC to improve scalability and transaction speed. It compresses multiple unspent transaction outputs (UTXOs) into a single commitment, reducing the data size required for transaction verification, leading to increased transaction throughput.

Q: What is off-chain consensus?
A: eCash employs a mechanism known as off-chain consensus, which moves the majority of transaction verification off the main chain. This allows for a significantly higher volume of transactions, as the verification process is handled by a network of secondary nodes rather than the entire blockchain network. However, it's important to note that off-chain consensus does introduce a certain level of centralization, as the secondary nodes perform the verification process.