Buying Stacks (STX) is a smart way to tap into the power of Bitcoin while exploring the world of smart contracts and decentralised applications.
Stacks is a unique Bitcoin Layer that allows smart contracts to use Bitcoin as an asset while settling transactions directly on the Bitcoin blockchain. This unlocks access to Bitcoin’s massive $500 billion market, giving developers the ability to build apps and services on the world’s most secure blockchain.
With Stacks’ Proof of Transfer consensus, every transaction is secured by Bitcoin’s hash power. In this guide, you’ll learn how to easily and securely buy Stacks.
How to Buy Stacks in 4 Easy Steps
Looking to buy Stacks? Here is a simple guide on how to buy Stacks:
Step 1: Choose a Crypto Exchange Platform
To purchase Stacks (STX), start by selecting a cryptocurrency exchange that supports this token. Popular options include Coinbase, Kraken, and Crypto for USD purchases; Kraken and OKX for Euro transactions; and CoinDCX, Goittus, and WazirX for INR purchases.
Additionally, you can trade Stacks against USDT, Ethereum, or BTC on exchanges such as Binance, OKEx, Huobi, Coinbase, Gate.io, FTX, Upbit, and KuCoin. Make sure to choose an exchange that best suits your currency preference and trading needs.
Step 2: Register on any of the Platform
Once you’ve chosen a cryptocurrency exchange that supports Stacks (STX), it’s time to register on the platform. Begin by providing your details, such as your name, email address, phone number, and home address.
Most exchanges require you to complete the Know Your Customer (KYC) process, which involves verifying your identity. To do this, you’ll need to upload a valid form of identification, like a driver’s licence or passport.
Keep in mind that ID requirements may vary depending on your location, so have all necessary documents at hand. Completing this registration process ensures a secure account setup, allowing you to dive into trading Stacks without any hitches.
Step 3: Buy the Cryptocurrency Using Your Feasible Payment Method
Now that you’ve chosen your exchange, it’s time to buy Stacks (STX) using a payment method that suits you best. If you want to use fiat currencies like USD, Coinbase, Kraken, and Crypto.com are excellent choices for a direct purchase. For those in Europe, platforms like Kraken, OKX, and Bit2Me accept Euros, making it easy to get started. In India, CoinDCX, WazirX, and Goittus allow you to buy Stacks with Indian Rupees (INR).
If you prefer to use cryptocurrencies, exchanges such as Binance, Gate.io, ByBit, KuCoin, and UpBit support purchases with USDT (Tether), Bitcoin (BTC), or Ethereum (ETH). Just deposit your preferred payment method, select the number of Stacks you want to buy, and confirm your transaction. This process ensures a seamless buying experience while offering the flexibility to choose the payment option that works best for you
Step 4: Store the Cryptocurrency in a Wallet
After buying Stacks, securing your investment should be a top priority. Transferring your STX from the exchange to a compatible wallet helps protect it from potential risks. Start by locating the withdrawal section of the exchange where you purchased Stacks.
Input your wallet’s public address, ensuring it is compatible with STX. Consider excellent wallet options such as Leather Wallet, XVerse, Ryder, D’cent, OKX Wallet, and Orange Wallet. Specify the amount of STX you wish to transfer, and then confirm the transaction.
Following these steps ensures that your Stacks remain safe and sound, away from the vulnerabilities that can come with leaving them on an exchange.
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Popular video guides on buying Stacks (STX)
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Where to buy Stacks (STX)
Launched in 2018, WazirX is one of India's fastest-growing cryptocurrency exchanges, with over 400,000 users and an app rating of 4.6. Part of the Binance ecosystem, it offers features like instant INR deposits, a Smart Token Fund for connecting investors with traders, and a unique auto-matching P2P engine. Its utility token, WRX, provides trading benefits and rewards. Acquired by Binance in 2019, WazirX aims to make crypto accessible to all in India.
Factsheet
|
Operational Since: |
2018 |
|
Deposit Methods: |
Mobikwik Wallet, P2P trading, crypto-to-crypto wallets |
|
Deposit Fees: |
None |
|
Cryptos Listed: |
80+ |
|
Trading Fees: |
Maker Fee: Depends on WRX tokens (ranges from 0.40%-0.10%) |
|
Fiat Currencies Supported: |
USD and INR |
|
Trustworthiness: |
Safe and reliable |
Crypto.com Exchange, launched in 2019 and headquartered in Singapore, serves over 50 million users across 90 countries. The platform provides a comprehensive suite of services, including spot, margin, and derivatives trading. Here, users can access a mobile app, a Crypto.com Visa card, and financial products like Crypto.com Earn and Crypto.com Pay. Additionally, it supports DeFi through its wallet and the Crypto.org chain, utilising its native token, Cronos (CRO), to enhance user experience and engagement in the crypto ecosystem.
Factsheet
|
Operational Since: |
2016 |
|
Deposit Methods: |
Credit/debit cards, bank accounts, ACH, wire transfers, etc |
|
Deposit Fees: |
No charges |
|
Cryptos Listed: |
300+ |
|
Trading Fees: |
Standard Fee of 0-0.075% for the maker and 0.05%-0.075% for the taker |
|
Fiat Currencies Supported: |
AUD, CAD, EUR, GBP, USD, BRL, TRY |
|
Trustworthiness: |
Safe and Reliable |
KuCoin is a globally recognised centralised crypto exchange known for its user-friendly interface and advanced security measures. Supporting over 30 million users, it offers a variety of features, including futures trading, a peer-to-peer (P2P) exchange, and instant crypto purchases with debit or credit cards. The platform is driven by its native token, KuCoin (KCS), and claims a lifetime trading volume of $1.2 trillion. KuCoin’s ecosystem also offers cutting-edge trading tools and community-driven support, enhancing its position as the "people’s exchange."
Factsheet
|
Operational Since: |
2017 |
|
Deposit Methods: |
P2P Trading, Debit/Credit Card, Third Party Payment, Bank Transfer |
|
Deposit Fees: |
Free |
|
Cryptos Listed: |
700+ |
|
Trading Fees: |
0.005-0.01% depending on your tier level |
|
Fiat Currencies Supported: |
28+ |
|
Trustworthiness: |
Safe and Reliable |
Frequently Asked Questions
Where Can You Buy Stacks With A Credit Or Debit Card?
You can purchase Stacks (STX) directly using credit or debit cards on platforms like Coinbase, Kraken, and Crypto.com. If direct purchase isn’t available, consider buying a cryptocurrency such as USDT, ETH, or BTC from any of these platforms. You can then trade your purchased cryptocurrency for Stacks (STX) on exchanges like Binance or Gate.io.
What Will You Need To Buy Stacks?
To buy Stacks, start by signing up for a cryptocurrency exchange that supports it. You will need to verify your account, which usually involves providing a government-issued ID and proof of your address. This step helps the exchange confirm your identity.
Next, choose a payment method accepted by the exchange, such as a credit card, debit card, or bank transfer. Once your account is funded, you can place an order to buy Stacks. Finally, consider using a secure crypto wallet to store your Stacks safely. This will help protect your investment from potential risks.
What Is The Easiest Way To Buy Stacks?
The easiest way to buy Stacks is to start with a reliable exchange that supports it. You can use payment methods like bank transfers, PayPal, or your debit or credit card.
Once you choose your exchange, create an account and complete any necessary verification. Before making your purchase, check for any fees, such as gas or withdrawal charges. This way, you can ensure you get the best value for your Stacks tokens.
Best Wallets To Store Your Stacks (STX)
When looking to store your Stacks (STX) securely, consider several reliable wallets. Leather Wallet offers a classic touch and strong security features. XVerse provides a user-friendly interface, making it easy for beginners. Ryder focuses on mobile accessibility, perfect for managing your assets on the go.
D’cent is known for its biometric security, adding an extra layer of protection. OKX Wallet supports multiple cryptocurrencies, allowing for a versatile storage solution. Lastly, Orange Wallet is a great option for those who prefer a straightforward, no-fuss wallet. Each of these wallets offers unique features to keep your STX safe and accessible.
