Detailed buying and selling and trading tutorial of PUNDIX currency (detailed picture and text explanation)

Understanding Pundi X and its platform-native cryptocurrency, NPXS, enables users to leverage everyday payments, staking, and access to exclusive features.

Dec 19, 2024 at 05:13 am

Key Points:

• Understanding Pundi X and its NPXS token
• Setting up a crypto exchange account and wallet
• Funding your account and purchasing NPXS
• Trading NPXS on an exchange
• Selling NPXS and withdrawing funds

Detailed Tutorial:

1. Understanding Pundi X and NPXS Token

Pundi X is a blockchain project that aims to bring cryptocurrency to everyday life through its point-of-sale (POS) devices. The NPXS token is the platform's native currency, used for payments, staking, and accessing exclusive features.

2. Setting Up a Crypto Exchange Account and Wallet

• Choose a reputable crypto exchange that supports NPXS trading. Binance and Coinbase are popular options.
• Create an account by providing personal information and undergoing identity verification.
• Set up a wallet on the exchange to store your NPXS tokens.

3. Funding Your Account and Purchasing NPXS

• Transfer funds from your bank account or credit card to the exchange.
• Use the funds to purchase NPXS from the spot market.
• Select the NPXS/USDT or NPXS/BTC trading pair and enter the amount of NPXS you want to buy.
• Place a limit or market order and wait for the transaction to complete.

4. Trading NPXS on an Exchange

• Once you have purchased NPXS, you can trade it against other cryptocurrencies like BTC and USDT.
• Use the order book to view market depth and place buy or sell orders.
• Choose between a limit order (setting a specific price) or market order (executing the trade immediately).
• Track your trades and adjust your strategy as needed.

5. Selling NPXS and Withdrawing Funds

• When you want to sell your NPXS, create a sell order on the exchange.
• Choose a limit or market order and enter the amount of NPXS you want to sell.
• Once the transaction completes, you can withdraw your funds to your bank account or external crypto wallet.

FAQs:

• What is the minimum amount of NPXS I can buy?
  Depends on the exchange, typically around $1.
• Is it possible to trade NPXS directly with fiat currency?
  Not directly, you need to purchase a stablecoin like USDT or BTC first.
• Are there any risks associated with trading NPXS?
  Yes, all cryptocurrency trading involves risk, including price volatility and market manipulation.
• Can I stake NPXS on an exchange?
  Some exchanges offer staking, allowing you to earn rewards for holding NPXS.
• Where can I learn more about Pundi X?
  Visit the official website at pundiX.com or follow their social media channels.