PotCoin (POT) - All you need to know

Learn all the basics of the PotCoin cryptocurrency. This hub is packed with useful resources and introductory guides to help you start your journey.
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Updated: Jan 28, 2022

Ways to invest in PotCoin

The most direct approach is to sign up with an online broker or exchange platform. You can create an account and trade coins in a matter of minutes, so it’s ideal for both a long and short term strategy.

There are more indirect ways to invest as well. There are managed mutual funds or exchange-traded funds that offer a way in without requiring the same micromanagement as creating your own portfolio. Explore the different ways to get PotCoin in the links below.

Get started guides

What is PotCoin?

PotCoin was launched in 2014 and was one of the original forms of digital cash aimed at the Cannabis industry. Initially created by entrepreneurs and developers based in Montreal, PotCoin was designed to solve issues with banking for buyers and sellers of legalised marijuana. 

Trading PotCoin is peer-to-peer and completely independent of banks and clearing houses. The aim of PotCoin is to unite people who want to buy and sell legalised cannabis products and give them an industry-specific cryptocurrency to do just that, and now there’s even a PotCoin ATM in Colorado. 

How does PotCoin work?

PotCoin started life as a fork from Litecoin and the two cryptocurrencies were almost identical until the PotCoin developers made some slight adjustments and increased the maximum cap of coins available to 420,000,000. 

As it came from Litecoin, PotCoin initially used a script-based proof of work algorithm, but this has now been changed to a proof of stake velocity algorithm, which is a better model as it rewards ownership of PotCoins in the form of interest. 

How to invest in PotCoin

There are a few different ways. Below, we’ve put together a list of the options available to you. Read through and get to know each one so you can make the best decision on how to invest your own hard earned money.

Where can I buy PotCoin now?

1
Min. Deposit
$0
Promotion
User Score
10
All swaps are custody-free, with no registration needed
Convert 500+ crypto assets instantly
Best exchange rates among the whole cryptocurrency market
Start Trading
Description:
Swapzone is a crypto exchange aggregator that operates as a gateway between the cryptocurrency community and exchange services. Swapzone aims to provide a convenient interface, safe user flow, and crystal-clear data for users to find the best exchange rates among the whole cryptocurrency market.
Payment Methods
Full regulations list:
2
Min. Deposit
-
Promotion
User Score
9.3
Supports USDC
Cold Storage & 24/7 Monitoring
Advanced Trading Tools
Start Trading
Description:
Founded in 2014, Poloniex is a global crypto-to-crypto exchange headquartered in Seychelles. As of Feb 2020, it has over 100 markets available for spot trading and offers features such as margin trading, lending, and staking. Poloniex allows users to trade on the web, Android, iOS, Websocket, and HTTP APIs
Payment Methods
Full regulations list:

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Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.