In this article, we will guide you through the steps to buy PCI (PayProtocol Paycoin Cryptocurrency). We have covered the procedures for purchasing PCI through both fiat currency and cryptocurrency. In addition, the content is easy to understand and the detailed information provided is helpful to everyone.
Table of Contents
Summary
- PCI is nothing but a blockchain platform that offers a digital cryptocurrency in the name of Paycoin.
- Paycoin has successfully captured the commercial everyday online transaction market in Korea within a short span.
- The platform Pay Protocol charges a meager fees for transactions with an exciting service of a quick transaction.
- Other than Paycoin, the platform Payprotocol offers many other cryptocurrencies.
- Just like any other digital currency, Paycoin too has risks involved due to market fluctuations.
What is PCI?
Payprotocol is a platform that provides payment services to both retail and e-commerce investors. A platform that is inspired by blockchain technology. While supporting various other cryptocurrencies, they have a coin of their own known as Paycoin(PCI). The platform helps in making multiple blockchain merchant payments and user transactions by reducing fees and quick settlements. These settlements become a lot easier when the user has their own cryptocurrency Paycoin.
We have two procedures to buy Paycoin. The first one is directly from the fiat currency, and the other is through cryptocurrencies. To opt for the second procedure, note that you must have a cryptocurrency asset on any other exchange or external wallet.
Let us first cover the procedure using fiat currency, note that we are using Liquid.com as our exchange.
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Buy PCI Using Fiat Currency
Create an Account on Liquid Exchange
The first step is to go to the official website of Liquid exchange. The moment you open the site, you will have to sign up. Sign in with your e-mail and set a strong password, and you have an account. That’s it.
Click On Buy/Swap
When you have an account, click on the icon that says ‘Buy Swap’, as you can see in the image given above.
Enter the Amount You Wish to Buy
Enter the amount you wish to pay, and you receive your PCI. For this, I have taken $69, and in turn, I will receive 104.60 PCI. However, to execute this transaction, you have to verify yourself on the exchange. Once you are verified, you can purchase your coin and receive it in your wallet.
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Buy PCI using Cryptocurrencies
If you already have some pre-digital assets like BTC or Tether or any other altcoin on the liquid exchange, you can directly buy PCI with spot trading.
Buy PCI through Crypto Asset
It is essential to mention that you can buy Paycoin Cryptocurrency through different exchanges such as:
You need to have Bitcoin(BTC) or Ethereum(ETH) or any other altcoins to purchase PCI using these exchange modes.
Buy A Cryptocurrency!
If you buy through liquid exchange with your fiat currency, the procedure will be the same as mentioned above in the first procedure.
Transfer Your Coins on Liquid Exchange
If you have some crypto asset on any other exchange then transfer it to the Liquid Exchange. Once you have received your wallet ID or the wallet address from the Liquid exchange platform, go back to the platform where you have purchased your first cryptocurrency.
Here is an example for a better understanding of how to deposit/ transfer your coins on Liquid exchange. You can transfer it by following the steps given below:
- Sign in on your liquid exchange, and click on “Deposit” at the top right corner of the web page. Have a look at the image given below:
- Select the cryptocurrency you wish to deposit.
- Alternatively, go to your portfolio click the coin you are depositing and click on deposit.
- Scan the QR code or copy the address of your third-party wallet or any other external wallet you may have. You can also use your FIO address.
- Follow the instructions as shown on the screen. Confirm your details, and you will have your asset transferred on Liquid.
Points to Remember While Transferring
- Always give the correct address, for example, deposit BTC to your BTC address. Funds lost due to the wrong wallet address can not be refunded.
- Use the correct network for assets supported by the Liquid exchange.
- Some assets need a Memo tag or destination tag. Look carefully and follow the instructions.
If you have made a purchase directly on the LIQUID, you can now go for swap. And you will be able to get Paycoin.
Buy PCI
Once you have transferred the cryptocurrency to the liquid platform, you can now start the process of exchanging. First, make sure you have your cryptocurrency selected, also decide your pair. Then, go to the “Market” column, and below the page, you will see a “Buy PCI” button. Click on it, and you have the PCI.
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Conclusion
In conclusion, we would like to conclude that yes, buying PCI can get a bit complicated for some users. However, it is one of those digital currencies that has a genuine bright future. If you look at how Paycoin in Korea is commercially used in everyday transactions, you will be amazed. They are legit on their way to capturing the commercial and online transaction market of Korea. They have developed tools that fit both e-commerce and retail businesses. They currently have 1,500,000 plus registered users and 70,000 plus partnered merchants, which seems to increase with time.
Frequently Asked Questions
Though PCI is a platform that is based on blockchain technology, it has got developed under HLF to protect itself from unspecified users. Moreover, HLF offers private blockchain technology. This helps in the privacy and security of users. Now, this lets it allow only authorized traders. Furthermore, it ensures faster transactions.
The changes in the market price of Paycoin keep occurring; hence to know the latest price, visit Coinmarketcap. For example, the cost of Paycoin on the 15th of November 2021 is $1.10.
The answer to this is straightforward. Investing in any digital currency is your personal choice. Any investor or non-investor should do proper research on their selected currency and decide their support amount. Once you have these things done, you are ready to invest. Always remember these currencies are at high risk due to market fluctuations.
It is difficult to predict the future of currencies like Paycoin. However, looking at how they have captured the market of Korea in such a short time, the end seems to be bright.
The platform has a native token of its own called PAY. These tokens help in promoting trading. A portion of the token is credited to the customer payback pool. When these tokens are staked, they enable faster payments.
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