If you want to buy Conflux in an easy, fast and secure way, you’ve come to the right place. We will go directly to the information you need to know so that in a few minutes you can own this cryptocurrency. Omitting all the information that many times is given but is not necessary and important, and makes it a pain to follow a tutorial. Here, you can see the step by step, even with a summary for those who are even more in a hurry and want to buy it before it continues to rise in price.
- Create an account with Gate.io (Link below to create your account) or login if you already have one.
- Deposit Funds by sending them through Binance (Cheapest option with almost no fees) or with your credit card or wire transfer within Gate.io
- Click on trade your USDT or go to trade and spot in Gate.io
- Once in the buy and sell panel, look for CFX at the top left and click on the CFX/USDT pair
- Go to the center below on mobile, or to the right on computer and indicate the amount you want to buy. Indicating market so that it is done instantly
- Click on Buy Conflux and confirm the purchase
- You already have in your balance the cryptocurrency, and you can see it in your main panel
Where to Buy Conflux
To buy Conflux there are not many platforms, and it is not currently listed on any major exchange such as Binance. Still, you don’t need to know how to use a wallet which can be complicated for a new user who has never used one, as gate.io does have this cryptocurrency so you can buy it, sell it or withdraw it from their platform once you have bought it. So we will use this platform for this example.
Therefore, we are going to show you how you can buy Conflux with gate.io, as we consider it the most comfortable and easy way, and the way we do it . Especially for new users with little experience using DEFI. If you are an advanced user, you can also buy it in decentralized exchanges with your own wallet, with the advantages and risks that this also has and are important to take into account.
In case you can’t watch the video or are having trouble with it, we’re going to go through the step-by-step in full detail just below so you won’t get lost at any point.
Detailed Step by Step
Conflux is not available on many other exchanges yet. Therefore, we must use these two platforms. Since it is the best option to buy this cryptocurrency, while saving on commissions.
The first step is to make a deposit in our gate.io account. To get funds in gate.io, the best and cheapest option is to send them from another exchange such as Binance, as the platform has higher commissions for depositing funds by card or transfer. It is possible that in the future this will change, and it will be even the same or very similar to deposit directly in gate.io with your card. So don’t rule out this option either. Which you can find at Buy Crypto. So it is up to you to decide which option is best for you.
In this case, for the example we will use binance, and we will send USDT (Tether), as it is the cryptocurrency used to buy Conflux. If you deposit directly in gate.io, we recommend you to buy USDT, as it is the cryptocurrency that allows you to buy any other cryptocurrency within gate.io.
In our case, we already have USDT in our binance balance, but you can find a guide in our blog. With usdt, we will go to wallet, fiat and spot and click withdraw on USDT.
Now. the next step is to go to gate.io, and go to deposit. Here, we will have to click on tron/TRC-20 network, as it has the lowest commissions and only costs a dollar or less commission. We copy the address and go back to binance to paste it.
Once in binance, we must indicate the address, the same network, tron (trc-20) and the amount to withdraw the USDT. We confirm with our email and mobile, and that’s it. Remember that you must indicate the trc-20 network to avoid problems when sending your funds.
Now, you just have to wait for the USDT to arrive in your Gate.io balance. It usually takes a few minutes until they are available and ready to use. Once they arrive, go to wallet and spot account, search for USDT and click on trade.
You will see the panel to buy and sell cryptocurrencies. Here, search for CFX, and you will see the CFX/usdt pair appear.
We will go down and indicate the amount we want to buy from Conflux. Here, if you want to use all your usdt, just click on the number above and it will place the total. At the top of Price you will see the current price of the cryptocurrency. We recommend you to indicate the market option, so that when you click on the button, the cryptocurrency will be bought directly at the current market price. And thus avoid placing a lower price and that the order is not executed. So mark to market for ease of use.
Once you have indicated the amount you want to buy, it only remains to click on the buy button and confirm the purchase with the message that we will see. And we would already have it.
So quick and easy, if you go to your balance you can see the amount of Conflux you have bought thanks to these steps .
You have been able to see that in a few minutes, you can buy this cryptocurrency, and that it is not at all complicated once you follow these steps.
To sell your cryptocurrency, the process is the same. Just go back to the previous panel that we found, but this time we will go to the sell part, which stands out for being red. Just do the same steps indicating the amount you want to sell, and click on the magic Sell button. And you will have USDT again, to do with them whatever you want. Either wait for a better opportunity to buy back this cryptocurrency, invest in others or withdraw it to another platform or wallet.
Conflux Price (CFX)
what is Conflux?
Blockchain without barriers
Conflux allows creators, communities and markets to connect across borders and protocols
Our innovative Tree-Graph consensus algorithm uses parallel processing of blocks and transactions to reduce confirmation times and increase TPS.
Conflux uses a highly proven consensus PoW to provide enhanced security and protection against protocol-level re-entry attacks.
ShuttleFlow is an ultra-fast Conflux-based cross-chain asset bridge that enables seamless asset transfer between multiple protocols.
Conflux provides unmatched scalability, eliminating the consensus bottleneck of other blockchains without sacrificing security or decentralization.
Integrated stake interest provides a foundation for innovative DeFi applications. Staked tokens currently receive an annualized fee of 4%, generated by additional token issuance.
Our commission sponsorship mechanism allows users with a zero wallet balance to continue participating in blockchain. Sponsors pay a portion or all of another user’s transaction fees to assist with user onboarding.
The CFX token
The Conflux token economy is based on the $CFX token, a unit of value on the platform that allows token holders to pay transaction fees, earn rewards through wagering, rent storage and participate in network governance. CFX also incentivizes and rewards miners, who ensure the secure operation of the network.
Tracks network transactions, block height, hash rate and tokens through an easy-to-use block explorer.
Fluent is a simple and secure web wallet for Conflux that enables connectivity and control of your assets.
An integrated browser-based development environment that can be accessed from any web browser
Conflux Truffle has the same features and user experience as the EVM version. It has been adapted to work seamlessly with the Conflux network.
A graphical IDE to help easily deploy smart contracts and dApps on Conflux
Familiar tools in multiple programming languages to help accelerate application development