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How to buy, sell and trade Aeon (AEON)
AEON markets itself as a privacy coin that offers users the opportunity to send and receive funds anonymously.
Aeon is a mineable privacy-oriented cryptocurrency designed to offer private cryptocurrency transactions on mobile devices. It uses similar privacy techniques to Monero, but is intended to be generally more scalable and lightweight.
Disclaimer: This information is not financial advice or an endorsement of cryptocurrency or any specific provider, service or offering. Cryptocurrencies are highly volatile and high risk. Do your own research and seek financial advice before buying. Please check with providers if their services are available in your state.
Where can I exchange AEON?
A step-by-step guide to buying AEON
How to sell AEON
Similarly to step 3 above, you can start by simply finding the Markets section of your preferred exchange. You’ll want to know the currency you want to sell your AEON for.
If you’ve chosen Bittrex, you can go to the tab displaying “MARKETS” and enter in the currency you want in return for selling your AEON tokens. Choose the amount of AEON you want to sell in return for another cryptocurrency or fiat currency. You should then be presented with a button where you can opt to buy this currency and sell your AEON.
Which wallets can I use to hold AEON?
The AEON wallet is still under development and requires some programming knowledge to use. You can find it on the official AEON site. Installing and operating it requires using command lines.
You also have the option to store your AEON coins within your Bittrex wallet, although this does carry additional risks. If the exchanger experiences an external attack, there is the potential that your coins will be lost forever.
Find out about storing your cryptocurrency securely in our ultimate wallets guide.
How does AEON work?
AEON is a cryptocurrency that prides itself on complete discretion, offering users a private, secure and untraceable framework to send and receive funds anonymously.
Created in 2014 by an unknown developer, AEON is a fork of Monero. Ultimately, the coin’s main feature is that unlike the more established cryptocurrencies such as Bitcoin, transactions are not easily identifiable on the public blockchain, ensuring that movement of funds is untraceable to either sender or receiver.
Furthermore, as the AEON coin functions on the CryptoNight-Lite algorithm, its proof-of-work consensus allows for fast transaction speeds within a 240-second timeframe. The computing power efficiency that this provides means that users can also run the AEON network on their mobile phone without experiencing data lags or delays.
The unique selling point of AEON is its ability to offer anonymity for those looking to keep transactions private. However, although this may only appeal to a certain section of the cryptocurrency community.
AEON also provides an option that allows for trace table transfers, which may impact the privacy of other users. The CryptoNote privacy protocol that AEON uses requires collective privacy, and it may be possible for a determined person to accurately track AEON transactions.
Pros and cons of buying AEON
Pros
- Allows users to send and receive funds in complete privacy
- Ultra-fast transaction speeds of 240 seconds
- Lightweight framework allows seamless usage on a mobile device
Cons
- Only wallet available requires basic knowledge of command-line programming
- Limited roadmap planning available for 2018 and beyond
- Users restricted to one currency pairing with bitcoin
Bottom line
AEON is a anoymous coin that can be useful for some traders, but isn’t for beginners. Research the pros, cons and things to consider before buying AEON to decide if you want to add it to your portfolio of cryptocurrencies.
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Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly
volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of
future performance. Consider your own circumstances, and obtain your own advice, before relying on this information.
You should also verify the nature of any product or service (including its legal status and relevant regulatory
requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may
have holdings in the cryptocurrencies discussed.
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