How & where to buy Pundi X (PUNDIX) online
This page explains all of the key information that you need to understand before you invest in PUNDIX coin. Read on to discover the difference between investing and trading, the investment potential of the Pundi X platform, and the pros and cons of the network as a whole.
What are the best exchanges to buy PUNDIX on?Copy link to section
The trading platforms we have listed below are some of the best places to buy Pundi X coin online right now. Click on one of them to sign up and get started, or keep scrolling to learn more about this emerging cryptocurrency.
How to buy Pundi X online – a step-by-step guideCopy link to section
Step 1. Find an exchangeCopy link to section
Without a doubt, the easiest way to purchase any cryptocurrency these days is by signing up to an online cryptocurrency exchange and purchasing your own coins. Exchanges are like giant marketplaces for digital assets where users can buy and sell crypto tokens like PUNDIX for the going market price.
Here are two of our favourite exchanges to use along with a brief description of what makes them unique:
- Binance: Binance was founded back in 2017, and in a few short years, it has become the most pioular cryptocurreny exchange on the planet by trading volume. If you are looking for a platform that has been tried and tested more than any other, Binance is the right one for you. Sign up with Binance >
- KuCoin: KuCoin is a secure crypto exchange with a growing community. It makes purchasing cryptocurrency simple and fast, so if you are just strating out, it could be an especially good option for you. Join Kucoin now >
Step 2. Sign up and fund your accountCopy link to section
To purchase coins on an exchange, you need to have a validated and funded account first. So, complete the sign-up process and fill out any contact details that are requested to make sure your account is registered correctly.
Then, check what fund types are accepted by the exchange. Some will accept fiat money like USD, GBP and EUR from a simple bank transaction, while others will require a deposit of cryptocurrency. If this is the case, purchase some Bitcoin from somewhere like Coinbase and add them to your wallet. Then, transfer these into your exchange account.
Step 3. PurchaseCopy link to section
Now your account is set up and cashed up, you can purchase the number of PUNDIX coins you want. Simply look for PUNDIX in the search tab of your chosen exchange’s user interface, then enter the number of coins you want. Check you are happy with the price and incurred fees, then execute the transaction to receive the PUNDIX into your account.
Step 4. (Optional) Get a suitable walletCopy link to section
If you plan on holding PUNDIX for the long term, a wallet can help you protect your funds from online theft and other sinister attacks. Here are two of our favourite options along with a short description explaining why you might want to consider them:
- CoolWallet: CoolWallet allows you to store your cryptopcurrency in a secure hardware wallet, and it also allows you to access these funds via an online app on your desktop or mobile device. Sign up for Coolwallet >
- Ledger Nano S: Ledger Nano S is one of the most reputable hardware wallets around. It allows you to store your coins completely offline to protect them from any form of online threat. Get the Ledger Nano S >
How to trade Pundi X – a step-by-step guideCopy link to section
Step 1. Find a brokerCopy link to section
We generally recommend that people use brokers to trade because they offer a great blend of low fees, ease of use and customer support. However, because Pundi X is an early-stage crypto project that is yet to take the mainstream by storm, it is not currently supported by any brokers. If this changes, expect to see eToro offer it first because this major broker has established something of a reputation for listing cryptocurrencies first over the years.
Step 2. Create an account and deposit moneyCopy link to section
Just like with an exchange, with a broker, you need to create an account and add funds to it before you use it. To do this, fill out the contact details that are requested in the sign-up form and send a copy of your photo ID if it is needed for security or taxation purposes. Then, add funds to your account. Nearly all brokers accept bank transfers, while some even offer PayPal for added simplicity and convenience.
Step 3. Learn how to perform technical analysisCopy link to section
If you are going to trade PUNDIX, you need to have a decent grasp of technical analysis. This is the process of reading price charts to gain an understanding of where the price of the coin is likely to head to next. Our short-term trading course is the ideal place to learn all about this.
Step 4. Decide whether to go long or shortCopy link to section
When trading Pundi X, you can go long in the belief it will rise in value, or short in the belief it will fall in value. Both of these methods can be profitable in the right hands and market conditions, and as previously mentioned, technical analysis is the key to knowing which one to go for at any given time.
Step 5. Start tradingCopy link to section
Your account is now ready to execute your first trade. However, are you ready? Trading can be brutal and losses can quickly mount up if you don’t know what you are doing. So, we highly recommend utilising the demo account feature offered by most brokers so you can test out all of your strategies before risking real capital.
Should I invest in Pundi X?Copy link to section
As a crypto project, Pundi X has plenty of potential. It allows people to use cryptocurrency to pay for things at any time, and in any place. In addition, it allows companies to accept payments in crypto form, and it breaks down the barriers between different blockchains. These features make it a solid candidate for investment.
However, you also need to take overall market conditions into account because if crypto prices are falling, Pundi X will likely experience the same fate. Moreover, if prices are on the up, Pundi X will likely receive a welcome boost to its value.
Still undecided?Copy link to section
ProsCopy link to section
- Easy to switch option between fiat and crypto payments
- Makes cryptocurreny payments easy regardless of time and location
- Allows companies to accept cryptocurrency payments easily
- Available in over 30 countries
- Makes cryptocurrency useful for everday purchases, which could massively boost blockchain adoption
- Claims to make buying crypto as easy as getting bottled water
- Supoorts a wide variety of digital assets, making it versatile
Before we conclude this guide, here are three key questions to help you decide whether to invest in Pundi X.
1. Is now a good time to buy Pundi X?Copy link to section
This hinges on how much you believe in the credentials of this crypto payments and services platform. Having already had some measured success and after achieving legitimisation in mainstream media outlets like CNN, Forbes and Business Insider, it does appear Pundi X is moving in the right direction if you are a long-term investor with your eyes on a future payoff.
For short-term traders, the cryptocurrency is still new enough to be rather volatile, which means there are plenty of opportunities to generate returns if you can read the market effectively. Feel free to check out our latest analysis on Pundi X below for more pointers on what move you should make next:
2. What problem does Pundi X solve, and what are its investment prospects?Copy link to section
Pundi x makes cryptocurrency easily useable in everyday transactions, and it breaks down the borders between different blockchains. This is immensely desirable, and it is the only way cryptocurrency is ever going to achieve mainstream acceptance.
However, there is plenty of competition, and with question marks against the development team’s experience, it remains to be seen if they can pull this off and generate value for token holders.
Check out the latest news below to hear more about recent events that have affected the Pundi X price:
3. Do you want to hold Pundi X for the long term?Copy link to section
You can choose to hold Pundi X for the long term or trade it in the short term, and here are the different considerations you should make for each option.
Considerations for a long term investment strategy
If you want to hold PUNDIX tokens for the long term, find a trustworthy exchange to purchase some, and then consider opening a crypto wallet so you can store your coins securely. This is the best way of speculating on the coin’s future value without having to worry about online attacks.
Considerations for a short term trading strategy
For short-term traders, find a broker with low fees. This is because you don’t want frequently incurred trading fees to reduce your profits. Then, focus on technical analysis and try to develop a solid strategy that produces consistently good returns.
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 >