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How to buy Coinmetro (XCM)

Learn how to buy Coinmetro (XCM) in our step-by-step guide.

Where to buy Coinmetro

It looks like XCM may not be available to purchase on an exchange in the US.

You can still purchase XCM by using a decentralized exchange (DEX) instead. Decentralized exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.

Decentralized exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralized exchanges first if you're unfamiliar.

How to purchase XCM using a decentralized exchange.
  1. Find XCM on a decentralized exchange and make sure Coinmetro can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
  2. Buy ETH to trade for XCM using an exchange like Gemini. You will need to purchase enough ETH to swap for XCM as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
  3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
  4. Trade ETH for XCM on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
  5. Wait for the transaction to finalize and the XCM tokens will arrive in your wallet.
  6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the US.

Best Coinmetro wallets to store your XCM

You can keep your XCM on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your XCM below.
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Ledger Nano X Wallet
★★★★★ 4.6

Price (USD)
$149
Supported assets
5,500+
Go to site

Trezor Model T Wallet
★★★★★ 4

Price (USD)
$219
Supported assets
1,456+
Go to site

SafePal S1 Wallet
★★★★★

Price (USD)
$49.99
Supported assets
30,000+
Go to site

Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

Is Coinmetro a good investment?

Prior to making any investment decision, it’s always a good idea to perform due diligence. Here are a few things to consider before buying XCM:
  • Competition. While CoinMetro’s goal to be perfect for beginners and professionals is appealing, they are not the first exchange to claim this. They are in direct competition with a lot of other platforms, and, according to the coin aggregator CoinMarketCap, currently rank outside the top 100 exchanges based on 24h volume.
  • Active use case. Although the CoinMetro exchange is geared towards beginners, the purchase of the XCM token may not be ideal as a "set and forget" cryptocurrency investment. The token is best used actively, whether for diminishing fees, margin trading, or earning interest via staking.
  • Centralisation. One of cryptocurrency’s key goals is financial decentralisation, yet many of the popular exchanges are centralized. CoinMetro is no exception. The XCM token has no bearing on governance and the development of the platform. Investors are unable to influence the direction of CoinMetro, which is common in the decentralized finance space.
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Today's Coinmetro price versus ATH

Compare today's price of Coinmetro ($0.654753 USD) against its all-time high (ATH) price of $0.923577 on February 16, 2022. The closer the bar is to 100%, the closer XCM is to reaching its ATH again.

Current price: $0.654753
All time high: $0.923577
71%
29%

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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