How to buy Stacks (STX) in the US

Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Stacks?

The Stacks blockchain was designed to bring smart contract functionality and, therefore, decentralized applications to Bitcoin. Based on the Stacks whitepaper, the project believes that Bitcoin will be used as the basis for all future blockchains and dapps.

To facilitate this vision, Stacks works like a layer-2 solution and connects directly to the Bitcoin blockchain to leverage its security and stability. By utilising a Proof-of-Transfer (PoX) mechanism, Stacks is able to provide smart contract functionality without the need to modify Bitcoin.

Stacks 2.0 was released in early 2021 and marked the main launch of the project. The Stacks token (STX) is used in the execution of smart contracts and by Stacks miners to receive BTC rewards.

Stacks (STX) is the 82nd largest cryptocurrency in the world by market cap, valued at $1,551,441,533. The current price of Stacks is $1.47, which is 0.019% lower than yesterday. Prices have ranged between $1.49 and $1.43 over the past 24 hours. All prices are listed in US dollars and accurate as of September 18, 2021 09:09 UTC.

Where to buy Stacks

Find an exchange to buy, sell and trade STX by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.

Is it a good time to buy Stacks?

The technical analysis gauge for Stacks displays real-time ratings for the timeframes you select. This is not a recommendation to buy, sell or trade. It represents a technical analysis of Stacks based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility. This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators based on the performance of Stacks: moving averages, oscillators and pivots. Finder is not responsible for how STX performs.

Stacks at a glance

Information last updated September 18, 2021 09:09 UTC.

Coin symbol	STX
Total STX supply	1,818,000,000
Circulating STX	1,052,561,462
Current price	US$1.47
Notable team members	Muneeb Ali
Partnerships	Foundry Digital, Blockdaemon
Industry	Blockchain platform
Token uses	Transaction fees, staking
Network	Bitcoin, Stacks

Stacks price performance over time

Historical prices compared with the price of US$1.47.

1 hour	1.32%
24 hours	0.02%
7 days	-0.06%
14 days	1.32%

30 days	4.50%
60 days	-10.58%
200 days	7.52%
1 year	59.43%

How to sell Stacks

You can cash out your STX with the same exchange you bought it through:

1. Sign in to the exchange you have STX on.
   If you store your Stacks in a digital wallet, compare crypto exchanges to sell it on.
2. Place a sell order.
   Choose the amount of STX you'd like to sell.
3. Complete your transaction.
   Confirm the sell price and fees and close your sale of Stacks.

What to consider when buying Stacks

To assess any potential risks, make sure you do your due diligence and research your cryptocurrency token and its associated project before invesitng, especially if a project is early in its life cycle like Stacks is. Consider the following factors:

• Regulation: Based within the US, STX is currently defined as a security rather than a currency by the SEC. This is something that Stacks is trying to get overturned.
• Distribution: During the 2017-2019 ICO of STX, no tokens were made available to the public. They were distributed among unknown private investors and the founders. After a 3-year locking period, those tokens become liquid between January and November 2021.
• Adoption: Global adoption of STX mining has been slow. The number of miners on the network is low in comparison to the total number of slots available.
• Supply: The future supply of STX is capped at 1.8 billion, with 1.32 billion currently in circulation.

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