What is XSN?

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How to Buy XSN

Buying Stakenet (XSN) coins can be made by registering an account on Beaxy Exchange. Once your account is set up, you can fund it with fiat currency, cryptocurrency, or a credit card. Follow the steps below to get your free account set up in minutes. 

Set up an account with your chosen online crypto exchange – securing a crypto trading account is a prerequisite to buying other crypto coins.

Buy Bitcoin or Ethereum using your credit/debit card 

Transfer your purchased BTC/ETH to any crypto exchange that supports XSN

Trade your BTC/ETH with XSN

If it is your first time to set up an online crypto exchange account, follow these guidelines to secure an account:

A. Visit Beaxy.com and click ‘Register’ to set up your account. 

B. Verify your Account – Once you have filled out and submitted the registration form, provide some basic information to verify your account. 

C. Fund your Account – After your account is verified, you can begin to access all of the amazing features on Beaxy. At this point, you can fund your account by depositing crypto or fiat currency or by purchasing BTC or ETH with your credit or debit card. 

The specific steps to acquiring Stakenet tokens or XSN will vary from one exchange to another. From there, your service provider will give you guides and easy-to-follow steps to purchase XSN conveniently.

XSN Value and Price

CoinMarketCap lists XSN with a current market price at $0.219837..

If we look at the overall value, Stakenet’s market cap is worth $22,743,438 with a 24-hour volume amounting to $1,184,300. 

Stakenet’s circulating supply has reached 103,456,124 XSN out of its total supply worth 107,712,473 XSN. The coin’s best daily figure came in on August 18, 2018, posting an all-time high $0.382289.

Stakenet takes pride in claiming that it is the first blockchain technology with Masternodes to be Lightning Network ready. Along with Bitcoin and Ethereum, Stakenet is among the few networks that perform Lightning Swaps.

Stakenet is also unique by sporting its Trustless Proof of Stake that enables XSN users to stake their coins even from their cold storages or offline wallets. Users can also enjoy earning rewards without the fear of a security breach since the storage is secured from online hackers.

XSN Advantages and Disadvantages

If you haven’t heard or studied about Stakenet’s features, you might be interested in this coin as it poses several advantages and opportunities. At the same time, using XSN also entails some limitations and risks. Let’s get to know both sides of the coin.

Advantages

One of the glaring advantages of Stakenet as a blockchain domain is its technological feature in Stealth Mode technology. This program keeps the privacy of transactions made within the network. In essence, XSN users can send funds to any person without records or transaction history. More than this, Stakenet employs attribution by using a dedicated blockchain to record each user’s balance and store it for good unless they decide to move it around. 

Other potential opportunities in Stakenet technology

Owners of Stakenet Masternodes can have multiple sources of income as they can get it from three different facets: regular block reward, trading fees from XSN Exchange’s platform, and fees for running TOR-network services. Moreover, there can be another potential source of income in the form of revenue streams coming from hosting decentralized apps (DApps) along with other services that will be added to the Stakenet Masternode system.

The cryptocurrency industry will have its very first decentralized Exchange platform that will be run by masternodes. With this innovation, any third-party user cannot shut down the XSN Exchange. In fact, even its creator, Stakenet, will not be able to stop the exchange once it becomes fully operational. This is what makes XSN’s decentralized exchange unique against any other decentralized exchanges which can be terminated by its originators.

The cross-chain interoperability features of Stakenet has the ability to host other decentralized systems or chains by enabling them to add new features and even applications on their systems without the dreaded fork. The technology behind this is Stakenet’s peer-to-peer network that will run the backend code of decentralized apps while keeping the frontend code and the user’s interface written in any language to enable calls to the backend.  

Setbacks

If we look at the disadvantages of using XSN, the lens will point at the lack of direct backing (in the forms of assets, profits, or commodities) for Stakenet. A more viable solution offering and investment options for users can be integrated into the firm to solidify its presence and relevance in the crypto realm.

Best XSN Wallet

Here’s a guide to help you choose the best wallet for Stakenet.

Stakenet has an official wallet for its token XSN. This wallet is available on Stakenet’s official website and is downloadable from there. The wallet has three versions supporting different devices including Apple and Windows.  Installing the XSN Core is easy and safe.

The mobile Stakenet wallet for iPhone is the best option for users of XSN who use the token as payment for goods and services on a daily basis. 

Another wallet option is using an anonymous Bitcoin wallet. There are numerous anonymous Bitcoin wallets to store XSN including Samourai Wallet, BreadWallet, and GreenAddress. These cryptocurrency wallets have good security features to block online hackers. 

Choosing which wallet to use depends on your priority or top consideration as a user. If your basis is convenience, mobile app wallets will always be of good use. If security is your primary concern, use XSN Core to safely keep your tokens.