Table of Contents
Cryptos have gained significant traction in recent years, not only as an investment vehicle but also as a means of revolutionizing various industries. One such crypto that has garnered attention in the crypto community is Pundi X.
Pundi X is more than just a digital currency; it’s a blockchain project with a mission to make crypto accessible to everyone. In this article, we will learn about Pundi X, its features, and how to buy PUNDIX tokens in India.
About Pundi X
Pundi X is a blockchain-based project that aims to facilitate the widespread adoption of cryptos in everyday life. The project was founded in 2017 by Zac Cheah and Pitt Huang and has since made remarkable strides in bridging the gap between cryptos and traditional finance systems. It achieves this goal through a combination of hardware and software solutions.
Now, let’s see the key features of this incredible crypto.
Key Features of Pundi X
Now, let’s explore the key features that set Pundi X apart in the crypto space:
- Decentralized Point-of-Sale (POS) Devices:
One of the standout features of Pundi X is its innovative POS devices known as XPOS. These devices are designed to enable merchants to accept crypto payments seamlessly. XPOS terminals can process transactions in various cryptos, making it easy for consumers to use digital assets for everyday purchases.
- Functionality Beyond Payments:
Pundi X goes beyond just facilitating payments. With XPOS devices, users can buy and sell cryptos, making it easier for people to enter the crypto market. Additionally, XPOS devices offer support for other blockchain-based services like Decentralized Finance (DeFi) applications and loyalty programs.
- Pundi X Ecosystem:
The Pundi X ecosystem consists of several components that work together to promote the adoption of cryptos. Apart from XPOS devices, Pundi X also offers XPASS cards, which act as crypto wallets, and XWallet, a mobile app for managing digital assets. This comprehensive ecosystem simplifies the use of cryptos in everyday life.
- Token Utility:
NPXS, the native token of the Pundi X ecosystem, plays a crucial role. It can be used to pay for transaction fees on the XPOS devices and as a medium of exchange within the Pundi X ecosystem. Additionally, NPXS holders may receive various benefits and rewards, enhancing the token’s utility.
- Global Expansion:
Pundi X has ambitious plans for global expansion, aiming to make its POS devices and services available in various countries. The project has made significant partnerships and collaborations to achieve this, potentially bringing cryptos to a wider audience.
- Regulatory Compliance:
In a rapidly evolving regulatory landscape, Pundi X has taken steps to ensure compliance with local regulations in the regions where it operates. This commitment to regulatory compliance enhances the project’s legitimacy and adoption potential.
- Community Engagement:
Pundi X actively engages with its community, regularly updating and maintaining transparent communication channels. This approach fosters trust and encourages community members to participate in the project’s growth actively.
Let’s quickly see how you can buy PUNDIX tokens in India in 2023.
How to Choose a Good Crypto Exchange in India?
You need to do thorough research when using a crypto exchange to invest or for crypto trading in India. You must research the legitimacy of the platform and the credibility of the team behind it before deciding on an exchange to invest in Pundi X (PUNDIX) crypto in India.
You should also ensure the platform provides the following before investing in a PUNDIX token:
- The exchange’s website/app has a simple user interface and is easy to use.
- The exchange supports Pundi X (PUNDIX) trading pairs.
- The exchange employs state-of-the-art security measures and does not compromise when it comes to regularly upgrading it. Try to avoid exchanges that do not have a KYC protocol in place.
- The exchange offers reasonable trading fees to buy crypto in India.
So, here’s how you can buy PUNDIX in India in 5 easy steps.
Buying PUNDIX in India in 5 Easy Steps
Below are a few simple steps you can follow and buy the PUNDIX tokens in India with WazirX, India’s most trusted and widely used crypto exchange.
The best way to buy PUNDIX tokens is by depositing INR in your WazirX wallet. Alternatively, you can also buy PUNDIX using P2P trade; to get answers to all your queries related to the P2P trade, click here!
Step 1 – Sign-Up on the WazirX platform
To begin buying and selling PUNDIX, you are required to create an account on the WazirX platform by signing up. Also, you can directly login if you have an account already on the platform.
For your reference, here’s how you can open an account on WazirX.
Step 2 – Set up your account security by verifying your email address.
This step is about verifying your email address. After you sign up on the WazirX platform, you’ll get a verification link on your registered email. By clicking on that link, you’ll get two options to ensure the security of your account – the authenticator app and mobile SMS.
Note: The authenticator app is a more secure way to stay safe when compared to mobile SMS because there’s a risk of delayed reception or SIM card hacking.
Step 3 – Complete the KYC process.
After choosing your country, you can proceed with completing the KYC process. Click here for a detailed overview.
Note: You must complete your KYC to be able to trade P2P or withdraw funds on the WazirX app.
Step 4 – Add funds to your WazirX wallet.
To add funds, simply go to your account on the WazirX app or web. Click on “Funds” and then on “Deposit INR.”
You can deposit INR using any mode (NEFT/ RTGS/ IMPS).
You can also buy USDT through P2P to the WazirX wallet. The USDT will act as funds to help you buy your favorite Cryptos.
Step 5 – Finally, buy PUNDIX on WazirX.
After logging in to your WazirX account, you can choose INR from the “Exchange” tab. You can also check all the price charts, order book data, and an order input form on the right side of the screen.
Click “Buy” after entering the amount and checking the total INR amount to be paid.
Your order will be placed according to the price you have input. And, in the case of P2P trade, a seller willing to sell at a price will be notified, and then you can exchange the tokens using P2P.
It might take a few minutes for the order to be completed, but as soon as it is executed, you will receive the PUNDIX Coins you purchased in your WazirX wallet.
Happy Trading!Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.