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How to buy Spendcoin (SPND)

Learn how to buy Spendcoin (SPND) in our step-by-step guide.

Where to buy Spendcoin

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

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

You can keep your SPND 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 learn more about wallets and compare them with our comprehensive guide.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is Spendcoin a good investment?

In the rapidly growing digital currency ecosystem, the scope for wallets and applications like what Spend offers is enormous. Thus, investing in the native token could seem like a lucrative opportunity. However, here are the key factors you need to be aware of before adding SPND to your portfolio:
  • Spend pay technology: The protocol uses the Spend Authorisation Engine, a proprietary real-time conversion system to enable consumers and merchants to transact in digital currencies and foreign countries converted to fiat at the point of sale, using either the Spend Card or the Spend Wallet. The hassle of the conversion to fiat currencies to make a purchase becomes an effortless process for the consumer and benefits the merchant as well, by adding on as a payment option for sales.
  • Wide geographical reach: SPND can be used as a payment currency at over 45 million locations worldwide, thus improving its utility for consumers who are rewarded and benefiting from the ecosystem.
  • Utility of the token: In addition to being used as fiat at several points of sale, the token has immense utility within the Spend ecosystem. It can be used for a Spend Card membership, redeemed towards fees with discounts, used as collateral for a loan, and even earn enhanced referral rewards.
  • Spend VIP: This is a membership rewards program created for the patrons of Spend Preferred and Spend Black, the 2 levels of Spend Cards offered. Similar to traditional credit card cashback programs, the program offers additional rewards as a percentage of spend at top retailers where the Spend Visa card is used, at a rate of up to 6%.

Additional information about Spendcoin can be found using our SPND analysis tools.

Today's Spendcoin price versus ATH

Compare today's price of Spendcoin ($0.00265059 USD) against its all-time-high price of $2.17 USD on 24 December 2018. The closer the bar is to 100%, the closer SPND is to reaching its ATH again.

Spendcoin's price: $0.00265059
ATH date: December 24, 2018
0.12%

Spendcoin ATH: $2.17


How to trade, convert or sell Spendcoin

You can convert or sell your SPND with the same exchange you bought it through:
  1. Sign in to the exchange you have SPND on.
  2. If you store your Spendcoin in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of SPND you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Spendcoin.
  6. Complete your transaction and move your SPND to a wallet for storage.

Disclaimer: Cryptocurrencies, including Spendcoin, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of SPND 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 Spendcoin or any other cryptocurrency discussed.

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