Crypto Buying Tips

How and Where to Buy XSwap Protocol (XSP) – Detailed Guide

What is XSP?

XSwap protocol is the 1st automated market maker & Launchpad for XRC20 tokens built on the Xinfin Network (XDC)

XSWAP is focused on building the challenger of BSC-based PancakeSwap (CAKE) and Ethereum-based Uniswap (UNI). As such, empowering crypto enthusiasts with secure, fast and resource-efficient instruments for peer-to-peer exchange of digital assets are its primary focuses.

Released on top of the XinFin XDC Network, XSWAP facilitates exchange between XRC-20 tokens (standard similar to ERC-20 on Ethereum and TRC-20 on Tron).

Besides a reliable exchange and liquidity ecosystem, XSWAP will also be a gateway to crypto markets for early-stage products of all sorts.

XSWAP devs have chosen XinFin XDC Network as a technical basis for their product for a number of reasons. First of all, it is a holistic approach of the XinFin XDC Network: the platform is suitable for many use cases crucial for governments, private firms, research teams and so on. Its hybrid architecture makes XinFin a versatile and efficient distributed solution.

Then, XinFin XDC Network processes more than 2,000 transactions per second with two-second latency.

The core native asset of XinFin XDC Network, XDC coin, will be used as a mediator in XSWAP operations. Staking, farming, token allocation: XSWAP shares the details of its tokenomics model

XSWAP boasts a native high-performance automated market making engine. Liquidity providers will lock their XRC-20 tokens in various pools to earn periodic LP rewards. Thus, farming is the simplest passive income opportunity for crypto enthusiasts with various levels of expertise.

Also, XSWAP will have its own native staking module. Unlike with liquidity farming, with the staking module, users can benefit from injecting liquidity into a single token.

XSWAP will have its own core utility and governance token, XSP, with an aggregated token supply limited at 13,000,000,000 coins. Ten percent of tokens are locked for the team and founders with 30-month vesting. A total of 130 million XSP tokens will be unlocked every 90 days.

Twenty-three percent of tokens will be released for public sale. A total of 20% tokens will fuel the listing campaign and a number of partnerships. The most impressive share of the token supply, 47% of XSP, will be allocated to bootstrap XSWAP ecosystem progress. Last but not least, a significant percent of the XSP supply will be distributed between bounty hunters, airdrop participants and ambassadors.

Also, XSP tokens will be utilized for additional rewards within staking and farming programs.

XSP was first tradable on 16th Nov, 2021. It has a total supply of 12,999,900,479.4. As of right now XSP has a market capitalization of USD $17,870,482.1. The current price of XSP is $0.00137 and is ranked 2894 on Coinmarketcap and has recently surged 31.71 percent at the time of writing.

XSP has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying USDT from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy XSP.

Step 1: Register on Fiat-to-Crypto Exchange

You will have to first buy one of the major cryptocurrencies, in this case, USDT (USDT). In this article we will walk you through in details two of the most commonly-used fiat-to-crypto exchanges, Uphold.com and Coinbase. Both exchanges have their own fee policies and other features that we will go through in detail. It is recommended that you try both of them and figure out the one that suits you best.

uphold

Suitable for US traders

Select Fiat-to-Crypto Exchange for details:

XSP

Being one of the most popular and convenient fiat-to-crypto exchanges, UpHold has the following advantages:

  • Easy to buy and trade among multiple assets, more than 50 and still adding
  • Currently more than 7M users worldwide
  • You can apply for UpHold Debit card where you can spend the crypto assets on your account like a normal debit card! (US only but will be in the UK later)
  • Easy to use mobile app where you can withdraw fund to a bank or any other altcoin exchanges easily
  • No hidden fees and any other account fees
  • There are limited buy/sell orders for more advanced users
  • You can easily set up recurring deposits for Dollar Cost Averaging (DCA) if you intend to hold cryptos long term
  • USDT, which is one of the most popular USD-backed stablecoins (basically a crypto that is backed by real fiat money so they are less volatile and can be treated almost as the fiat money it's pegged with) is available, this is more convenient if the altcoin you intend to buy has only USDT trading pairs on the altcoin exchange so you don't have to go through another currency conversion while you buy the altcoin.
Show Details Steps ▾
XSP

Type your email and click 'Next'. Make sure you provide your real name as UpHold will need it for account and identity verification. Choose a strong password so that your account isn't vulnerable to hackers.

XSP

You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.

XSP

Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, UpHold is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.

Step 2: Buy USDT with fiat money

XSP

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You may be charged higher fees depending on your credit card company and the volatile prices when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees.

XSP

Now you are all set, on the 'Transact' screen under the 'From' field, select your fiat currency, and then on the 'To' field choose USDT, click preview to review your transaction and the click confirm if everything looks good... and congrats! You've just made your first crypto purchase.

Step 3: Transfer USDT to an Altcoin Exchange

But we are not done yet, since XSP is an altcoin we need to transfer our USDT to an exchange that XSP can be traded. Below is a list of exchanges that offers to trade XSP in various market pairs, head to their websites and register for an account.

Once finished you will then need to deposit USDT to the exchange from UpHold. After the deposit is confirmed you may then purchase XSP from the exchange view.

Exchange
Market Pair
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XSP/USDT

Last Step: Store XSP securely in hardware wallets

Ledger Nano S

Ledger Nano S

  • Easy to set up and friendly interface
  • Can be used on desktops and laptops
  • Lightweight and Portable
  • Support most blockchains and wide range of (ERC-20/BEP-20) tokens
  • Multiple languages available
  • Built by a well-established company found in 2014 with great chip security
  • Affordable price
Ledger Nano X

Ledger Nano X

  • More powerful secure element chip (ST33) than Ledger Nano S
  • Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
  • Lightweight and Portable with built-in rechargeable battery
  • Larger screen
  • More storage space than Ledger Nano S
  • Support most blockchains and wide range of (ERC-20/BEP-20) tokens
  • Multiple languages available
  • Built by a well-established company found in 2014 with great chip security
  • Affordable price

If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your XSP for a considerable long time, you may want to explore ways of keeping it safe, although Binance is one of the safest cryptocurrency exchange there had been hacking incidents and funds were lost. Because of the very nature of the wallets in exchanges, they will be always online("Hot Wallets" as we call them), therefore exposing certain aspects of vulnerabilities. The safest way of storing your coins to date is always putting them into a type of "Cold Wallets", where the wallet will only have access to the blockchain(or simply "go online") when you send out funds, reducing the chances of hacking incidents. A paper wallet is a type of free cold wallet, it's basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. However, it is not durable and is susceptible to various hazards.

Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. Ledger Nano S and Ledger Nano X and are the most popular options in this category, these wallets cost around $50 to $100 depending on the features they are offering. If you are holding your assets these wallets are a good investment in our opinion.

Frequently Asked Questions

Can I buy XSP with cash?

There is no direct way to buy XSP with cash. However, you can use marketplaces such as LocalBitcoins to first purchase USDT, and finish the rest of the steps by transferring your USDT to respective AltCoin exchanges.

LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. is after all a good place to go to buy Bitcoins when you can't find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed.

Are there any quick ways to buy XSP in Europe?

Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Uphold.

Are there any alternative platforms to buy XSP or Bitcoin with credit cards?

Yes. is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.

Read more on XSwap Protocol's fundamentals and current price here.

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