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How to Buy Paycoin (XPY)

How to Buy Paycoin

How to Buy Paycoin (XPY)

To buy Paycoins, you need to go to a cryptocurrency exchange site or buy through Paybase.com, which is hosted by GAW Miners, the company that initiated Paycoin.

At this point in time, buying from a public cryptocurrency exchange is cheaper than buying from GAW's Paybase.

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For example, if you were to buy Paycoins from Cryptsy, which has nearly 80% of the market share in the XPY/BTC market, you could buy 1 Paycoin for $4.01.  Most of the other major exchanges offer similar prices.

But, the price of one Paycoin on Paybase.com is $4.50, more than 10% the price on Cryptsy (the shot below was taken within 1 minute of the 1st shot above).

How to Buy Paycoin

We're not sure why this is the case - if anything, it would make sense for Paybase to offer Paycoins at a slightly better deal than the other exchanges if it is looking for main stream adoption.

Opening an Account at Cryptsy

You can buy Paycoins (XPY) at a number of exchanges today, but Cryptsy has nearly 80% of the market share and has the greatest daily transaction volume so we would recommend Cryptsy for buying Paycoins.

To register at Cryptsy, click on 'Register New Account' link at the upper right of the top page of cryptsy.com.

How to Buy Paycoin

Then, enter your personal info.

Cryptsy does not require personal verification if you are looking to trade just cryptocurrencies.  If you want to buy Paycoins with Bitcoins, personal verification is not be required.

If you are looking to buy Paycoins with fiat (USD), personal verification is required.

How to Buy Paycoin

Once you have registered with Cryptsy, click on Balances.

How to Buy Paycoin

Then, go to Bitcoin > Deposit BTC.

How to Buy Paycoin

Send your Bitcoins to your specified BTC Deposit address at Cryptsy:

How to Buy Paycoin

Then, go to XPY/BTC Market from Balances

How to Buy Paycoin

and place your Paycoin (XPY) order!

How to Buy Paycoin

Cryptsy is the largest exchange to buy Paycoins as of today (January 7th, 2015), but this may change over time.

To see which exchange has the largest market share for Paycoin in the future, simply go to Coinmarketcap.com and see the market share ratios for each exchange!

 

 

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