PacCoin: What is it and how to buy, sell and trade PAC? | finder.com
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How to buy, sell and trade PacCoin

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What’s PacCoin and how does it work?

PacCoin (PAC), or the People’s Alternative Choice Coin, is a lesser known coin that’s been sitting since 2015. It experienced rapid inflation during 2017, which might be attributed to generous mining rewards.

At the start of 2018, PAC had become one of the cheapest cryptocurrency coins out there, with a relatively large total supply of roughly 3.5 trillion coins and a planned cap of 100 trillion. It has a devoted community that hopes to see their holdings come to fruition and make them rich, believing in its future as an “Internet penny” that lends itself to micro-transactions.

At the time of writing in January 2018, there are two upcoming changes that might affect PAC.

  • February 1, 2018 – White paper: The PacCoin white paper is due for release. This will outline the roadmap for what has, to date, been commonly regarded as a cheap and unusable coin.
  • March 1, 2018 – Coin swap: PacCoin is expected to redefine itself to try to break free from the inflation that’s drained its value. It will essentially divide by 1,000, and every 1,000 old PAC will be replaced by a single new coin. So on March 1, someone who owns 10,000 PAC should get 10 of the new coin.
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. 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.

Where to buy, sell and trade PAC

Currently, PAC is only available on the Cryptopia and YoBit exchanges.

Name Product Deposit Methods Fiat Currencies Supported Cryptocurrencies
YoBit Cryptocurrency Exchange
Cryptocurrency, Payeer, AdvCash, Perfect Money, Capitalist, QIWI* Only available for RUB deposits
USD, RUB
BTC, BTG, DASH, ETH, LTC, DOGE, WAVES, LSK, BCC, TRX, ABYSS, PAC, ZEC, XVG, EOS, ETC, RDD, TOKC, B2X, TTC & 400+ more
Pay in USD, RUB or trade crypto to crypto at this Russian-based cryptocurrency exchange with hundreds of coins listed.
Cryptopia Cryptocurrency Exchange
Cryptocurrency
-
BTC, BCH, ETH, LTC, DOGE, NEO, XMR, POWR, DASH, PIVX, XEM, OMG, GNT & 500+ more
Buy and sell hundreds of cryptocurrencies with minimal verification on this all-in-one, New Zealand-based exchange.

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Things to consider before buying PAC

If the PAC white paper fills you with confidence in the coin’s future, it might be worth buying. Or you might even get in sooner while it’s still worth relatively little, being mindful of the upcoming coin swap.

There are some things to watch out for in the coming months:

  • A marketing-only white paper: Anyone can make big claims in a white paper. You should consider whether the PAC development team actually has the capacity to follow through on any promises made. The coin has seen little development since 2015 other than blog posts, and there are no guarantees that the coin developers can suddenly shift gears.
  • A failed coin swap: Many in the PAC community are looking forward to the coin swap and believe it will multiply the value of each coin by 1,000 and give it some heft. Unfortunately, price doesn’t automatically reflect the rarity. The relationship between coin supply and coin value is more of a guideline than a physical law of the universe. Barring serious developments in the coming months, it seems to be more likely that PAC will simply continue being worth very little, except in smaller numbers.
  • A planned pump and dump: There’s always the possibility that key stakeholders are done and want to drum up some hype before dumping their coin stashes and abandoning the project.

Nothing is guaranteed. If you have confidence in the community and the developers, and you’re a risk-taker, you may decide that buying PacCoin before the changes might turn into a bargain. Make sure you undertake thorough research before you act.

How to sell or trade PAC

  1. Whether you have PAC on the Cryptopia or YoBit exchanges, go to the corresponding platform. If you have your PAC in a digital wallet, choose one of these two exchange platforms to complete your sale or trade.
  2. Follow the instructions on the platform to sell or trade your PAC.
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4 Responses

  1. Default Gravatar
    BasantaApril 19, 2018

    Why are Pac coins added every hours in total supply? I guessed if total supply is increased, the price of Pac Coin will never increase! How can we invest in Pac coin, if price never increases?

    • finder Customer Care
      MayApril 22, 2018Staff

      Hi Basanta,

      Thanks for reaching out to finder.

      How the cryptocurrencies move and how much its value’s worth is indeed volatile. Nothing is guaranteed. It’s always best to monitor the supply and demand of the Pac coin. While the supply is still large at the moment, we might not know as well how long this will last. Your decision whether to buy and keep Pac coin or not depends entirely on your confidence towards the coin’s community and its developers, so I would encourage that you conduct more research about this coin.

      Cheers,
      May

  2. Default Gravatar
    RosalineMarch 3, 2018

    I have my Paccoin on the new wallet. How can I sell them? I originally purchased them from Yobit. Can I sell them back to Yobit?

    • finder Customer Care
      nikkiangcoMarch 13, 2018Staff

      Hi, Rosaline,

      Welcome to finder!

      Here are the answers to your questions about Paccoin.

      How can I sell Paccoin?

      How to sell or trade PAC:
      Whether you have PAC on the Cryptopia or YoBit exchanges, go to the corresponding platform. If you have your PAC in a digital wallet, choose one of these two exchange platforms to complete your sale or trade.
      Follow the instructions on the platform to sell or trade your PAC.

      Can i sell them back to Yobit.
      You can sell Paccoin through Binance Cryptocurrency Exchange, YoBit Cryptocurrency Exchange, and Cryptopia Cryptocurrency Exchange. For more information, you may see them in the given table on this page: https://www.finder.com/how-to-buy-paccoin

      Hope this information helps!

      Best regards,

      Nikki

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