Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

How to buy Conflux (CFX) in the US

A beginner's guide to buying and selling CFX in the US.

Conflux
CFX- USD
SMART-CONTRACTS
$0.23
+$0.02 (+8.71%)

How to buy Conflux

Look for an exchange that supports both fiat and cryptocurrency to simplify buying Conflux.

  1. Open an account on an exchange that supports CFX.
    Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
  2. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Conflux.
  3. Buy Conflux.
    Complete your Conflux purchase and then find the best wallet to store CFX.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Conflux?

Conflux Network is a high-throughput blockchain based on a unique Proof-of-Work (PoW) consensus mechanism. The network was created by Turing Award recipient Dr Andrew Yao and is the only state-backed public blockchain operating in China. It was built with the aim of high throughput, fast confirmation and to be utilized by global communities and economies.

The blockchain can process 3,000-6,000 transactions per second (tps), which is a transaction rate much higher than blockchains such as Bitcoin and Ethereum. The PoW mechanism, called Tree-Graph, optimizes security and scalability without compromising decentralization.

CFX is the native token of the Conflux Network and is at the core of the network’s ecosystem. The CFX token was designed to provide several economic benefits and promote participation in the network by rewarding behaviors that contribute to optimum functionality. Each token consists of smaller units known as Drips. These are comparable to Satoshis on Bitcoin. Drips are used to pay for transaction fees on the network. Any fees are collected and awarded to miners or those that maintain the Conflux Network.

Conflux (CFX) is the 196th largest cryptocurrency in the world by market cap, valued at $194,837,626. The current price of Conflux is $0.226817, which is 7.633% higher than yesterday. Prices have ranged between $0.235726 and $0.207829 over the past 24 hours. All prices are listed in US dollars and accurate as of July 26, 2021 01:07 UTC.

Where to buy Conflux

Find an exchange to buy, sell and trade CFX by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

267
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in random tokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
loading

Compare up to 4 providers

Conflux at a glance

Information last updated July 26, 2021 01:07 UTC.
Coin symbolCFX
Total CFX supply5,134,229,243
Circulating CFX859,237,611
Current priceUS$0.226817
All time highUS$1.70
Notable team membersFan Long, David Chow, YuanJie Zhang, Ming Wu
PartnershipsOasis Foundation, Stablecorp, BCW Group, LISSX, ZIP
IndustryBlockchain platform
Token usesUtility token
NetworkConflux

Conflux price performance over time

Historical prices compared with the price of US$0.226817.

1 hourN/A
24 hours 7.63%
7 days 12.32%
14 days -6.42%
30 days 11.76%
60 days -44.41%
200 days 86.46%
1 yearN/A

How to sell Conflux

You can cash out your CFX with the same exchange you bought it through:

  1. Sign in to the exchange you have CFX on.
    If you store your Conflux in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of CFX you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Conflux.

What to consider when buying Conflux

Cryptocurrency assets can be extremely volatile in price. An investor should become comfortable with all associated risks before making a purchase. Here's what to consider before buying CFX:
  • Supply: At the time of writing, CFX has a circulating supply of approximately 8.4 billion tokens. There is no cap on maximum supply. The network has a certain level of built-in inflation whereby more CFX is gradually added to the total circulating supply over time.
  • Staking: The CFX tokens on the Conflux Network are either liquid or staked. Liquid tokens can be transferred and used freely. Staked tokens are locked within the network to assist with validation and security. Staked tokens earn rewards in return for removing them from the liquid market. Staking is required to gain access to voting rights via the community governance protocol.
  • Scalability: The unique PoW algorithm provides high throughput without sacrificing decentralization. The 3,000-6,000 tps makes it one of the best blockchains for scalability.
  • Multi-chain interoperability: There are now multiple blockchains globally. To transfer assets across chains usually requires high gas fees. The Conflux Network provides true multi-chain interoperability, allowing users to convert assets across the Binance Smart Chain (BSC), OKEx Chain and Ethereum. This is facilitated by the network’s Shuttleflow service. This also means that the Conflux Network could be applicable to developers looking to create multi-chain decentralized applications.
Disclaimer: Cryptocurrencies, including Conflux, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of CFX 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 Conflux or any other cryptocurrency discussed.

More guides on Finder

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site