How to Buy XDC Network (XDC)

Since its launch, XDC has gained as much as 5,800%, surging from a fraction of a penny to nearly 20 cents. Now trading down from its highs, many wonder if this is the time to buy XDC Network and whether the project is positioned for growth.

In this guide, we’ll learn how to buy XDC Network (XDC), and also explore the project’s pros, cons and key features, as well as discuss ways to use XDC if you decide it fits your portfolio.

Key Takeaways

How to Buy XDC Network in 4 Easy Steps

Let’s review how and where to buy XDC Network. Several cryptocurrency exchanges now support XDC Network, so you’ll have multiple options, depending on your location. In this example, we’ll use MEXC, a popular crypto exchange that serves most countries worldwide. Here’s a step-by-step guide on how to buy XDC Network on MEXC.

After you buy XDC Network, you’ll want to withdraw your tokens to a self-custody wallet. We’ll review some crypto wallets that support the token and discuss best practices later in the guide.

XDC Network Key Features

The XDC Network is a high-performance blockchain platform with many features that make it attractive to businesses and investors. Let’s explore some key features of the XDC Network.

How to Buy XDC Network – Step-by-Step Instructions

Let’s learn how to invest in XDC Network. We’ll use the MEXC exchange for this walkthrough.

Step 1: Create an Account on MEXC

To buy XDC on MEXC, you need to create an account. Go to the MEXC website and sign up for an account. You’ll need to provide some basic information, such as your email address or phone number, and a password. MEXC also supports logins via Google, Apple, Telegram, and crypto wallets. In most cases, you won’t need to verify your identity.

Step 2: Deposit Funds

Once your account is set up, deposit funds into your MEXC account using your preferred payment method. MEXC supports various deposit options, including cryptocurrencies and fiat currencies. Deposit methods vary by region. If using a third-party provider to fund your account, choose USDT. MEXC uses USDT as part of a trading pair with XDC.

Step 3: Navigate to the XDC Trading Page

After your funds are deposited, navigate to the XDC trading page on MEXC. You can search for XDC using the exchange’s search function. As an advanced trading platform, MEXC supports derivatives (Futures) and spot and decentralized exchange markets. Choose “Spot” to buy tokens, which you can move to a non-custodial wallet later.

Step 4: Buy XDC

On the XDC trading page, select the amount of XDC you want to buy and confirm the transaction. Depending on your trading preferences, you can choose from various order types, including market orders and limit orders. Market orders fill immediately, whereas limit orders let you specify a purchase price. Limit orders fill when (or if) the market reaches your chosen price.

After making your purchase, you may want to transfer your XDC to a non-custodial cryptocurrency wallet. Later in the guide, we’ll discuss wallets that support XDC Network tokens.

What is XDC Network (XDC)?

XDC Network is a blockchain platform that aims to enable enterprise-grade applications with a focus on interoperability, scalability, and usability. The goal of the project is to bridge the gap between traditional financial systems and the blockchain world.

Specifically, the network supports the ISO 20022 messaging standard, a global standard used by financial institutions. In addition, the recent move to integrate LayerZero messaging enables the chain to communicate with other blockchains.

The XDC Network also supports subnets — individual blockchains that rely on the main chain for security. This structure allows for specialized use cases and granular permissions that protect proprietary information while making other data transparent.

Key Features of the Project

The XDC Network boasts several key features that make it an attractive solution for businesses and developers.

What Makes XDC Interesting

XDC Network stands out due to its focus on enterprise adoption, particularly with tokenized real-world assets (RWAs), and potentially Central Bank Digital Currencies (CBDCs).

Its hybrid architecture and interoperability features make it a versatile platform for various uses, ranging from common DeFi and trading applications to interoperability with existing financial systems.

Tokenomics

The XDC token is the native cryptocurrency of the XDC Network, with a total supply of approximately 37.5 billion tokens. A considerable amount of the supply remains locked, including early allocations, estimated at 10 billion tokens, and founder and advisor allocations, estimated at 3.53 billion.

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