How to Buy Plasma (XPL)
Learn all about Buy Plasma
Price of Plasma Today (24h)$1.170%Plasma (XPL) is the bitcoin-ecosystem related token that has been embraced by crypto enthusiasts and investors since its launch. It is currently ranked number 48 based on market capitalization on CoinMarketCap, with a market capitalization of 2201773150 recorded at the time of writing. XPL has been gaining momentum alongside the flourishing cryptocurrency market this year. More and more people are becoming interested in Plasma. They wish to invest or purchase Plasma (XPL), but may not know how to get started. Here, we will guide you through all the information you need to know about purchasing Plasma. Regardless of your location, Bitrue can provide you with a simple and secure way to buy XPL.
Where and how to buy Plasma
Plasma (XPL) is currently not available for fiat and spot trading on Bitrue exchange. However, you can purchase XPL on decentralized exchanges (DEX). Simply connect your crypto wallet to a DEX, choose the XPL trading pair, and complete the ordering process. Here is a step-by-step guide on purchasing XPL:
Steps to Buy Plasma (XPL)
01Step 1 Create a Wallet
Choose from various cryptocurrency wallets, including digital wallets and hardware wallets. Typically, creating a cryptocurrency wallet is as simple as installing an application on your phone or computer. When you install the application, your cryptocurrency wallet is automatically created following the installation steps. Remember to note down your mnemonic phrase or private key during wallet creation, as the loss of this information will result in permanent loss of the digital assets stored in the wallet. Once your wallet is created, you can immediately transfer cryptocurrency to it, securely store it, and use it as you wish.
02Step 2 Wallet Setup
Configure your wallet with a blockchain network protocol compatible with Plasma (XPL), ensuring that your cryptocurrency wallet can receive XPL.
03Step 3 Choose a DEX
Select a decentralized exchange (DEX) that supports Plasma (XPL) trading. Popular DEX platforms include Uniswap, SushiSwap, PancakeSwap, etc., depending on the blockchain network hosting XPL.
04Step 4 Connect Wallet
Connect your cryptocurrency wallet to the chosen DEX. This connection allows you to trade directly from your wallet without the need for a central intermediary.
05Step 5 Choose XPL Trading Pair
Locate the XPL trading pair on the DEX platform (DEXs typically list tokens in pairs, such as XPL/ETH, XPL/USDT, etc.). Ensure your wallet has enough cryptocurrency to pay for the desired amount of XPL you want to purchase.
06Step 6 Confirm Order
Decide on the type of trade you want to execute. DEX platforms offer options similar to centralized exchanges, such as market orders and limit orders. Confirm and execute your trade.
07Step 7 Verify Transaction
Transactions on DEXs are recorded on the blockchain. Verify the completion of your trade on the blockchain explorer using your wallet address.
08Step 8 Store Securely
- After the transaction is completed, XPL will be automatically stored in your blockchain network wallet address. You may also consider transferring your XPL to a hardware wallet to enhance security, especially if you plan to hold it for the long term. This significantly reduces the risk associated with keeping digital assets in an online wallet.
- Decentralized exchanges offer greater privacy, transparency, and control over your assets. However, they may have lower liquidity compared to centralized exchanges, and transactions can sometimes be associated with higher fees depending on the blockchain network. Always conduct thorough research on the chosen DEX and understand its features before initiating transactions.
Register Now
Alternative methods to acquire Plasma
Apart from directly buying Plasma (XPL), what are the alternative methods to acquire Plasma ?
Fixed Auto-Investment in XPL
Regularly invest a fixed amount at scheduled intervals in Plasma (XPL) digital assets, enjoying both short-term returns and long-term benefits.
Staking XPL
Flexible staking of Plasma (XPL) digital assets to earn interest or high returns in other cryptocurrencies.
Get Plasma (XPL) for free
If you have enough time, you can obtain Plasma for free through the following methods:
- Invite friends to join the Bitrue coupon event and earn free Plasma (XPL).
- Join the Bitrue Rewards Center, participate in ongoing challenges and airdrops to receive free Plasma.
- All cryptocurrency airdrops and rewards can be exchanged for XPL through coin-to-coin exchange or spot trading.
How to keep your Plasma safe and secure
Once you have purchased Plasma, it is crucial to store it in a secure location.
If you are highly familiar with operating on-chain Plasma wallets, you also have the option to store Plasma (XPL) separately in a personal encrypted wallet. This wallet serves to keep your Plasma secure and accessible, allowing you to send and receive it while maintaining control.
To ensure the security of your Plasma, consider the following types of encrypted wallets:
- Mobile Wallets: Store your private key in an application on your smartphone.
- Web Wallets: Third-party-controlled online servers that store your private key.
- Desktop Wallets: Computer programs that allow you to store your private key on a hard drive.
- Hardware Wallets: Physical devices for offline storage of private keys.
Note: Cryptocurrency wallets do not technically store your Plasma encrypted assets. Instead, the assets remain on the blockchain, and access is granted using the digital private keys stored in the wallet.
Get XPL with Bitrue
Register Now
Some market stats about XPL
Price Analysis
XPLPlasma Price Now:
$1.170%24H
Plasma is rising this week.
The price of Plasma has increased by --% in the last 7 days. It has seen a --% increase in the past 24 hours and a -2.89% decrease in just the last hour. The current price is $1.17 per XPL. Plasma is increased 32.31% from its all-time high of $0.8866.
Buy Plasma NowSandbox Testing
Calculate the Returns on Your Plasma Investment
How much profit would I have if I bought $ worth of Plasma in ?
CalculateReturns based on the average Plasma price for that year. Not financial advice.
Are you planning to buy XPL
See if other users are buying XPL:
YesNo
How to buy other cryptocurrencies
There are lots of ways to buy, swap, and convert crypto. Learn more about how you can do it all using Bitrue with our how to buy crypto guide.
Other crypto similar to XPL
FAQ About Buy Crypto
How many Plasma are there in total?
The total supply of Plasma is 10,000,000,000 and the Circulating Supply is 1,800,000,000 .
Why are people buying Plasma?
People buy Plasma for various reasons. Some view it as an investment, expecting its value to increase, while others appreciate its decentralization and anonymity, seeking to avoid restrictions of traditional financial systems. Additionally, Plasma serves as a digital asset with transactions independent of central authorities. Overall, motivations for purchasing Plasma include investment, risk diversification, and trust in new digital assets.
Should I buy Plasma?
Deciding whether to buy Plasma depends on individual financial goals, risk tolerance, and understanding of the digital asset market. Plasma investments involve market volatility and risks, so it's advisable to thoroughly understand its characteristics and market conditions before purchasing. If you have investment experience, can withstand price fluctuations, and are willing to accept potential losses, buying Plasma (XPL) may be a suitable investment choice. However, remember that all investments come with risks.
Can I use cash to buy Plasma?
Generally, buying Plasma digital assets by cash is relatively challenging, as most cryptocurrency exchanges prefer electronic payments or bank transfers.
What can I do with Plasma?
You can use Plasma to pay for goods and services, invest, transfer and remit, preserve assets, participate in DeFi, donate, and more.
Disclaimer
Cryptocurrency markets are highly volatile and can experience rapid price fluctuations. You are solely responsible for your investment decisions and Bitrue is not liable for any losses you may incur. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information provided on this platform and any associated materials are for informational purposes only and should not be considered as financial or investment advice.
All