Ledger Nano X Wallet
★★★★★ 4.6
Price (USD)
$149
Supported assets
5,500+
Where to buy XSGD
It looks like XSGD may not be available to purchase on an exchange in the US.
You can still purchase XSGD 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 XSGD using a decentralized exchange.
- Find XSGD on a decentralized exchange and make sure XSGD can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
- Buy ETH to trade for XSGD using an exchange like Gemini. You will need to purchase enough ETH to swap for XSGD 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.
- Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
- Trade ETH for XSGD on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
- Wait for the transaction to finalize and the XSGD tokens will arrive in your wallet.
- 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 XSGD wallets to store your XSGD
You can keep your XSGD 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 take a look at some of our top hardware wallet picks for self-custody of your XSGD below.
Trezor Model T Wallet
★★★★★ 4
Price (USD)
$186
Supported assets
1,317+
SafePal S1 Wallet
★★★★★ 4
Price (USD)
$49.99
Supported assets
30,000+
Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.
Is XSGD a good investment?
As with any investment, it is vital you understand the risks and potential upside of the asset before making any financial decision. With regards to XSGD, here are a few things to consider:
- XSGD’s use case: The purpose of XSGD is to offer a stable digital asset that tracks the true value of the Singapore dollar. The stability of XSGD offers a digital asset that removes the volatility of the cryptocurrency markets. However, as a result of XSGD tracking the value of the Singapore dollar, investors should only purchase the coin if they wish to gain exposure to the fiat equivalent. The token should not be purchased with the expectation of long term capital gains.
- Centralized: The token is issued and backed by Xfers. It is the responsibility of Xfers to maintain XSGD’s peg to the Singapore Dollar. As Xfers holds full control of the supply of the token, any issues that occur with Xfers may result in the debasement or devaluation of the XSGD token.
- Regulatory awareness: While StratisX and Xfers is compliant with current regulations, it is impossible to tell how future governments will adapt and react to developments of digital currencies. Governments have been known to change their stance on cryptocurrencies from time to time, which may affect the usable capacity of a stablecoin like XSGD.
- Partnerships: StratisX has either partnered and integrated with leading crypto platforms and custody solutions, including BitGo, Fireblocks, Liquid, and HaloDAO. The integration of well-known custodians and security companies helps to add credibility to the project and the use of the XSGD token.
Today's XSGD price versus ATH
Compare today's price of XSGD ($0.740309 USD) against its all-time high (ATH) price of $1.36 on November 14, 2021. The closer the bar is to 100%, the closer XSGD is to reaching its ATH again.
Current price: $0.740309
All time high: $1.36
How to buy other cryptos
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.
Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.
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