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How to buy, sell and trade Pundi X

Read our beginner’s guide to Pundi X and how to buy NPXS in the US.

Updated

Fact checked
With a mission to make buying cryptocurrency as easy as buying bottled water, Pundi X created a point-of-sale device to allow brick-and-mortar stores to accept cryptocurrency as a form of payment. The Jakarta-based blockchain startup has secured some solid partnerships and has big plans for growth in the coming months and years.

Pundi X’s native currency, NPXS, launched in March 2018. Read on to find out how you can buy, sell and store NPXS in the US.

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.

Where to buy Pundi X’s NPXS tokens

You can currently buy NPXS tokens on the following cryptocurrency exchanges:

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Credit card,Cryptocurrency,Debit card,Bank transfer (via third party)
USD, AUD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH & 23+ more

201
cryptocurrencies

Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.

US residents: As of September 2019, US-based users can only trade USD on the American dollar onramp of Binance, Binance.US.
UK residents: In addition to normal crypto trading services, Binance offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
Credit card,Cryptocurrency
USD, JPY, RUB, EUR

387
cryptocurrencies

CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
Credit card,Cryptocurrency,Debit card
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

210
cryptocurrencies

Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Cryptocurrency,Express Polish Post Office 24/7,Wire transfer,GBP bank transfers
USD, EUR, PLN, GBP

41
cryptocurrencies

This Polish-based exchange offers a variety of accessible payment methods, including Express Polish Post Office 24/7 service and Express DotPay.
AdvCash,Cryptocurrency,Payeer,Perfect Money,Capitalist
USD, RUB

1427
cryptocurrencies

Pay in USD, RUB or trade crypto to crypto at this Russian-based cryptocurrency exchange with hundreds of coins listed.
Huobi Cryptocurrency Exchange
Cryptocurrency
GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD & 15+MORE

234
cryptocurrencies

Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
Bithumb Cryptocurrency Exchange
Cryptocurrency,Wire transfer
KRW

103
cryptocurrencies

A global platform where users can make KRW and cryptocurrency deposits to purchase up to 15 popular cryptocurrencies.
Bittrex Digital Currency Exchange
Cryptocurrency,Wire transfer
USD

278
cryptocurrencies

Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
Bitit Cryptocurrency Marketplace
Cash,Credit card,Debit card,Neosurf,Bank transfer (SEPA)
EUR, USD, JPY, DKK, GBP, SEK, NOK, TRY & 5+ more

50
cryptocurrencies

Buy cryptocurrency with cash or credit card and get express delivery in as little as 10 minutes.
CoinBene Cryptocurrency Exchange
CoinBene Cryptocurrency Exchange
Cryptocurrency
-

50
cryptocurrencies

IDEX Cryptocurrency Exchange
IDEX Cryptocurrency Exchange
Cryptocurrency
-

257
cryptocurrencies

A decentralised cryptocurrency exchange where you can trade over 250 ERC20 tokens.
Hotbit Cryptocurrency Exchange
Hotbit Cryptocurrency Exchange
AdvCash,Cryptocurrency,Payeer,Perfect Money
USD

512
cryptocurrencies

A multi-currency exchange with 150+ pairings that can be accessed through desktop as well as a mobile app.
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Compare up to 4 providers



A step-by-step guide to buying NPXS tokens

If you want to buy some NPXS, here’s how you can go about it:

Step 1. Register with an exchange that lists NPXS

Compare the features and fees of exchanges that list NPXS in one or more currency pairs. Choose the exchange that best meets your needs, and register for an account by providing your email address and creating a password.

Depending on the platform you choose, you may also need to supply your personal details, phone number and proof of ID to satisfy Know Your Customer and Anti-Money Laundering (KYC/AML) requirements.

If 2-factor authentication support is offered, make sure you enable this feature to provide increased security for your funds.

Step 2. Deposit funds into your account

The next step is to transfer funds into your exchange account so you can buy NPXS. However, as it’s currently not possible to buy these tokens directly with US dollars (USD), you’ll need to first acquire a cryptocurrency listed in a pair with NPXS, such as bitcoin (BTC) or Ether (ETH). Check out our how to buy BTC and how to buy ETH guides for details on how you can obtain these popular currencies.

If you buy BTC or ETH on the same exchange, the funds will be in your exchange wallet and ready to go. To deposit BTC or ETH from elsewhere, copy the exchange wallet address for your chosen crypto, open your private wallet and send the funds to that address.

Step 3. Buy NPXS

The final step in the process is to navigate to the “Exchange” or “Markets” section of your chosen platform, search for the pair you want to trade, such as NPXS/BTC, and enter your desired purchase amount in the relevant field. Make sure you review all the details of your transaction, including the total cost, before confirming the purchase.


How to sell Pundi X

Selling NPXS requires you to follow a similar process to that detailed in step 3 above. However, you’ll obviously need to make sure you look for the “Sell NPXS” field rather than the “Buy NPXS” field.


Which wallets can I use to hold NPXS?

Unless you’re planning on exchanging your NPXS tokens soon, storing them on an exchange for any length of time generally isn’t recommended due to the security risks involved. Instead, moving your tokens into a private wallet that lets you control your private keys is a much more secure option.

NPXS tokens are ERC20 tokens on the Ethereum network, so you’ll need to store your tokens in an ERC20-compatible wallet. Examples you may consider include MyEtherWallet, the Ledger Nano S and TREZOR hardware wallets, and the MetaMask browser extension.

Find out more about storing your cryptocurrency in our ultimate wallets guide.


How Pundi X works

Pundi X sets out to tackle one of the key problems facing all cryptocurrencies: the lack of mainstream adoption. Though bitcoin and an increasing range of other digital currencies now experience a higher level of public awareness, the proportion of the population that actually transacts with crypto on a regular basis is quite small.

To overcome this obstacle, Pundi X offers a platform for “consumerizing cryptocurrencies” by allowing their use in retail point-of-sale systems through a mobile app and contactless payment card. There are three key components to what Pundi X is offering:

  • A mobile application. The mobile wallet is designed to make it easy for users to store their public and private keys and to manage their cryptocurrency balance. The app will allow users to buy BTC, ETH and other cryptos using cash or card, sell digital currency for cash, top up fiat money in a digital wallet, and buy utilities and services using cryptocurrency.
  • A contactless smart card. This cryptocurrency payment card will be known as XPass and allow for users to pay for goods and services with a swipe.
  • Point-of-sale terminals. Pundi’s point-of-sale terminals are known as XPOS and are designed to facilitate cryptocurrency payments as well as accept transactions through mobile wallets and bank cards.

Pundi X will incentivize participation by providing free hardware to retail stores in its initial target market of Indonesia. Subsequent expansion will target Thailand, Malaysia, Singapore, Japan and other regional markets in Southeast Asia in the next three years, with plans to roll out between 100,000 and 700,000 devices during that time.

The Pundi X team is based in Jakarta, London, Taipei, Shenzhen and Singapore. The blockchain startup was launched by Wokoworks Technology, a Hong Kong registered company, and held an ICO in January 2018 that raised $35 million.


What to consider before buying Pundi X

Cryptocurrencies are notoriously volatile and also highly complicated, so you should never buy any digital currency without thoroughly researching it first. You’ll need to carefully consider the factors that could potentially have an impact on the price of a coin or token before you buy.

If you’re thinking of purchasing any NPXS, take the following factors into account:

  • Supply. According to CoinMarketCap, at the time of this writing (May 2018), the circulating supply of Pundi X was 61,642,599,759 NPXS, out of a total supply of 67,978,463,510 NPXS.
  • Use. NPXS is Pundi X’s native token and will be used as “gas” to fuel transactions in the Pundi X network.
  • Availability. As NPXS is a relatively new arrival in the crypto world, you can only buy and sell the tokens on a limited range of exchanges. This may make the currency difficult to access for some buyers and could have an impact on its overall public perception.
  • Partnerships. Pundi X has secured partnerships with a number of corporate entities and cryptocurrency projects, including NEM (XEM), Stellar Lumens (XLM), Coinnest, Retainly and VeriME. In April 2018, it also announced an NPXS buyback scheme to help build a Partnership Reserve Fund.
  • White paper. Want to know more about how Pundi X works, its progress to date and the plans it has for the future? Check out the project’s white paper.
  • Vision. Pundi X’s goal is to attract the next billion crypto users. From the white paper: “Pundi X will help to generate demand for new and old, as well as big and small cryptocurrencies. No other online cryptocurrency exchange can bring in new cryptocurrency users from this segment and in the same number, thanks to our powerful focus on attracting the consumer market.”

Whether Pundi X has the products, the backing and the team to achieve its ambitious vision remains to be seen, so do your own research before deciding whether to buy any NPXS tokens.


Picture: Shutterstock


At the time of this writing, the author holds IOTA and XLM.

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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2 Responses

  1. Default Gravatar
    sandyJune 6, 2019

    How do we get the Payment Password for NPXS. I was trying to sell and apart from Verification code it is asking Payment Password??? Please help.

    • Avatarfinder Customer Care
      nikkiangcoJune 7, 2019Staff

      Hi Sandy,

      Thanks for your inquiry.

      A payment password is a password that you nominated when you first registered for an account. If you’ve forgotten your password, you can simply reset your password by going to the app settings.

      Hope this helps!

      Best,
      Nikki

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