Best 3 Centralized Exchanges to Buy Stacks

What is Stacks About?

The Stacks blockchain is pretty unique. Its native token is , which has almost $1 billion in marketcap and $265,500 in 24-hour trading volume.  The blockchain has both miners and stakers. Stacks offers two main ways to earn rewards on your assets:

1. Stacking: Users can stake their STX and earn BTC provided by miners. This process is known as “stacking.” Stacking works similarly to most proof of stake (PoS) blockchains in that holders provide security and earn interest. However, STX stakers receive BTC as a reward.

10/ It also enabled stacking to earn native while locking your @aulneau_pic.twitter.com/qineWZ6QX2

— louiseivan (@louiseivanvp) February 23, 2023

: Miners in Stacks integrate BTC into the system to leverage Bitcoin’s proof-of-work (PoW) security. By adding Bitcoin to the chain, you have the opportunity to participate in mining and receive the Stacks block reward. Stackers will receive bitcoin as payment for reaching consensus.

3/ I've been monitoring closely since being heavily involved in the ecosystem for more than four years at its Foundation. Let's start with a bit of history. pic.twitter.com/8mjFbli7jd

— louiseivan (@louiseivanvp) February 23, 2023

How to Buy Stacks?

You can buy STX on any of the following centralized exchanges:

1. Binance
2. Coinbase

Buying Stacks on Binance

First, you need to create an account on the BINANCE app or website. Check out this article on how to create a Binance account.

Once you’ve verified your Binance account, select how you want to buy STX. Click on the “Buy Crypto” link on the top left of the Binance website. You’ll see a display of the available options in your country.

if you are searching for a coin to buy on binance .

i can help :

good luck pic.twitter.com/o0Mh7H4Ntj

— sniper12453 (@sniper12453) July 25, 2020

So, Binance supports the following to buy STX:

Credit cards: Visa and Mastercard are available on Binance.

Bank Deposit: Transfer fiat currency from your local bank account to Binance. Then use the funds to buy Stacks (STX).

You’ll have one minute to confirm your order at the current price. Your order will be recalculated based on the current market price after 1 minute. Click “Refresh” for a new order amount.

Once you get your STX tokens, you can store them in your personal wallet, like Hiro Wallet, or keep them in your Binance account.

Buying Stacks on Coinbase

Here’s how to buy Stack on Coinbase:

1. Create a COINBASE account.
2. Add a payment method.
3. Start a trade by selecting “Buy & Sell” on the website. On the Home tab of the mobile app, tap the (+) Buy button.
4. Select Stacks from the displayed assets.
5. Enter the amount you want to buy.
6. Conclude your purchase.