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How to buy Offshift (XFT)

Learn how to buy Offshift (XFT) in our step-by-step guide.

Where to buy Offshift

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

You can still purchase XFT 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 XFT using a decentralized exchange.
  1. Find XFT on a decentralized exchange and make sure Offshift 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 XFT using an exchange like Gemini. You will need to purchase enough ETH to swap for XFT 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 XFT 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 XFT 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 Offshift wallets to store your XFT

You can keep your XFT 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 XFT below.
Read more

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 Offshift a good investment?

As with any investment, it is vital you understand the risks and potential upside of the asset before making any financial decision. With regards to XFT, here are a few things to consider:

  • Focused on privacy: Privacy is one of the most important aspects for many investors, traders, and developers within the cryptocurrency industry. Any project trying to tackle issues with privacy could be attractive to a large number of users. However, Offshift is still a young project. The project’s mainnet only launched in 2022, which means the protocol has not yet stood the test of time. Potential investors should stay up to date to check that operations are running smoothly.
  • Competition: There are a few other projects focused on the privacy aspects of decentralized finance. Offshift will need to execute the project’s vision well to compete with similar projects such as Haven. XFT investors may wish to compare Offshift with Haven to see which offers the best potential for the future.
  • Ethereum and Polkadot compatible: Rather than develop a native blockchain to complete the synthetic asset generation, Offshift has opted for development within both Ethereum and the EVM-compatible Moonbeam blockchain, which is a parachain on Polkadot. This means that users have the ability to choose which blockchain ecosystem they would prefer to use Offshift with. The protocol also leverages the decentralized data oracle Chainlink for real-world pricing.
  • Elastic supply: While the maximum supply of XFT is capped at 10 million. The circulating supply is elastic and is, therefore, constantly fluctuating. The supply balances to adjust for margin calls and liquidations.
  • Anonymous backing team: In accordance with the projects privacy believes the team behind Offshift have chosen to remain anonymous. Although the team is available for discussions within all social media channels, an anonymous backing team can often be uncomfortable for some investors.
Read more

Today's Offshift price versus ATH

Compare today's price of Offshift ($0.826077 USD) against its all-time high (ATH) price of $24.69 on January 19, 2022. The closer the bar is to 100%, the closer XFT is to reaching its ATH again.

Current price: $0.826077
All time high: $24.69
3%
96%

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Tether

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$1.00

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  1. Data by CoinGecko

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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