PIVX: How and where to buy, sell and trade in the US | finder.com
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How to buy, sell and trade PIVX in the US

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Understanding the PIVX project and how to get involved.

PIVX stands for Private Instant Verified Transaction. The network is called PIVX and the currency is called PIV, although sometimes it’s also referred to as PIVX.

The project aims to create a sustainable and highly functional decentralized cryptocurrency for the world. PIVX is often compared to Monero and ZCash.

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 PIVX in the US

Name Product Deposit methods Fiat Currencies Supported Cryptocurrencies
Cryptocurrency
BTC, XRP, USDT, ETH, NEB, XVG, TRX, NEBL, ETH, NEO, FUN, ETC, BCC, POE, DASH, ELF, ICX, BNB, ZRX, APPC & 80+ more
Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.
Cryptocurrency
Credit card
USD
BTC, BCH, MIOTA, XVG, NEO, ADA, XRP, TRX, ONT, ZIL, GAS, LTC, ZRX, QTUM, ETH, ETC, VET, ICX & 300+ more
CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
Bittrex Digital Currency Exchange
Cryptocurrency
Wire transfer
USD
BTC, ETH, XVG, SC, XRP, DOGE, STRAT, XMR, ADA, OMG, ETC, BCC, XLM, DGB, UKG, QTUM, ZCL, RDD, LTC, NEO, XRP & 120+ more
Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
YoBit Cryptocurrency Exchange
AdvCash
Cryptocurrency
Payeer
Perfect Money
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.
CryptoBridge Cryptocurrency Exchange
Cryptocurrency
-
BTC, BCH, RVN, LTC, ALQO, LCC, ECA, SMART, POLIS, BCO, COLX, IC, XP, BWK, HTML, QBIC, ZNY, DOGE, VSX, DASH & over 40+ more
Offering over 80 cryptocurrency pairings, CryptoBridge is a decentralised exchange that supports the trading of popular altcoins.
Credit card
Debit card
USD, EUR
BTC, BCH, ETH, XMR, ZEC, DASH, XRP, ETC, LTC, DOGE, XLM,1ST, ADX, AMP, ANT, BAT, BCN, BNT, BTG, CFI, CVC & 70+ more
Access competitive crypto-to-crypto exchange rates for more than 35 cryptocurrencies on this global exchange.
Cryptopia Cryptocurrency Exchange
Cryptocurrency
-
BTC, BCH, ETH, LTC, DOGE, NEO, XMR, POWR, DASH, PIVX, XEM, OMG, GNT, ZEN, NRG & 500+ more
Buy and sell hundreds of cryptocurrencies with minimal verification on this all-in-one, New Zealand-based exchange.

Compare up to 4 providers

Bittrex, LiteBit and CoinSwitch also offer the coin.

You can find the official PIVX mobile and desktop wallets here.

What are the unique features of PIVX?

PIVX is a hard fork of Dash, introducing a range of distinct features that might position it well for future success.

  • Built-in anonymity. The system has a built-in mixing mechanism to cover up transactions and keep them anonymous.
  • Quick confirmation. The network is designed to have transactions confirmed and spendable within seconds.
  • Very low transaction fees. Transaction fees are equivalent to about a third of a cent ($0.003).
  • Flexible block size. Eventually PIVX aims to have its block size able to change automatically to give the network more flexibility.

But one of its most distinct features might be the community focus and rewarding proof of stake (PoS) mining system.

The PIVX PoS system

Proof of stake is a much more efficient alternative to the bitcoin-style “proof of work” transactions.

The PIVX PoS system rewards its users for contributing to the network and processing transactions. The rewards given are balanced between “Stakers” and “Masternodes.”

  • Stakers. Everyday PIVX users. Simply by holding PIV and running their wallets, they contribute to the network and earn rewards for doing so.
  • Masternodes. Super users who have locked in 10,000 PIV collateral for as long as they choose to run the node. These users contribute a significant amount and also get voting rights on PIVX projects.

The rewards come from newly minted coins and are randomly given to users based on their PIV ownership.

5 coins are minted every 60 seconds. 90% of the newly minted coins are divided between Stakers and Masternodes. A see-saw reward mechanism keeps the coins in balance between both groups. This keeps the system running more smoothly and helps prevent unsustainable clumping of wealth.

The remaining 10% is put into a development pool and awarded to community members who carry out projects and work on developing the network. The projects in the works are voted on by the Masternodes.

How much am I rewarded as a Staker or Masternode?

The rewards are randomly distributed but weighted by ownership. Generally, Masternodes should be getting a reward every 1-2 days, while Stakers can probably expect a reward every 30 days per $1,000 PIV held, depending on the length of time their wallets are running for.

What to consider when buying PIVX?

PIVX is focused on building a sustainable and highly functional global currency with an exceptional range of built-in features.

Unlike many other projects, it builds an element of cooperation into the system. For example, Masternodes may eventually allow their nodes to act as escrow services while being kept honest by their PIV collateral.

While there’s no set cap on the coin supply, transaction fees are destroyed rather than kept in the network, which provides an element of natural deflation.

PIVX is already well into development, and the coin and its wallets are very user friendly despite the exceptional range of features. Although its limited acceptance currently makes it hard to say how much PIV “should” be worth, it might see exceptionally fast uptake and appreciate quickly.

On the other hand, that might have already happened. At the time of writing, PIV is already a fairly pricey $4.50. This gives some heft to its rewards, but it might need a lot more deflation from transactions to keep climbing.

How to sell or trade PIVX

  1. Visit the exchange platform in which you hold PIVX. If you have it in a digital wallet, then pick a platform from the list above.
  2. Follow the instructions within the platform to complete your sale or trade.
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