Silver Token (XAGX) is a stablecoin backed by real physical silver. It operates on the Avalanche C-Chain network, and each XAGX token is equivalent to one ounce of silver and is indexed to the silver price displayed on the Bloomberg terminal panel.
As such, the token offers users physical silver ownership at an affordable cost. Think of it as the digital representation of silver that comes without the usual problems associated with owning precious metals, such as storage. In other words, it is a safer, more convenient way to invest in silver using cryptocurrencies.
But, even though the token is readily available on numerous platforms, the easiest and most convenient way to buy and store it is to use Best Wallet.
How To Buy Silver Token In Best Wallet?
If you decide to buy Silver Token coins on Best Wallet, the first thing you need to know is that this is a mobile-only wallet. As such, you cannot use it on the PC, and instead, consider using MEXC exchange if trading on the computer is your preferred way to go.
However, if you don’t mind trading on a mobile device, you can install Best Wallet easily on any tablet or smartphone that runs either iOS or Android systems. Simply use the app store to find, download, and install the app, and the process will be done in seconds.
After that, you can just tap on the wallet icon to open it, and your next step will be to create an account. This is also a quick procedure, as Best Wallet does not require you to complete the Know Your Customer (KYC) procedure. That means there is no ID verification, nor do you need to submit any personal data. All you need is an email address, and you can register with ease.
Once registered, you can start trading immediately. Navigate to the Trade tab, which is the second tab on the left at the bottom of your screen. In there, you will find several options that will let you manage your crypto, including Buy, Send, Swap, Receive, and History.
Tap the Buy option, and you will see all the coins and tokens supported by Best Wallet. You can then use the search feature to find XAGX, or simply go down the list if you wish to see what assets are available. When you find Silver Token, tap on its name, and this will take you to the buying screen.
There, you can enter the number of tokens you wish to buy, or how much money you wish to spend. This is also where you can select the fiat currency you wish to use, and your preferred payment method.
Tap the Buy XAGX when you’re done, and that’s it.
What is Best Wallet About?
Best Wallet is a relatively new crypto wallet that is feature-driven and easy to use. The ease of use makes it a perfect wallet for newcomers to crypto industry, but its vast array of features – which the wallet continues to improve and expand – also makes it a very useful tool for advanced traders.
For example, the wallet supports cryptocurrencies from multiple blockchain networks, and that doesn’t simply mean the ability to store them, but also the ability to buy them directly inside its app, and swap them for one another. As such, it is already a more advanced tool than decentralized exchanges, which can only offer cryptos that run on the same blockchain as the exchange.
Meanwhile, since it lets you trade and invest without completing the KYC procedure, it enables anonymous trading, which makes it better than most centralized crypto exchanges.
Beyond that, Best Wallet also allows users to connect their other wallets to it, and monitor and manage their portfolios stored elsewhere. That way, if you have multiple wallets, you don’t have to move from app to app to monitor your tokens – you can do it all from one place.
Best Wallet also has a native launchpad, which you can access in the Upcoming Tokens section. There, users can find a variety of cryptocurrencies that are holding an early-stage token sale at the time, and directly buy them using a select few cryptos.
New Expansions Make This The Best Time To Join Best Wallet
While Best Wallet is already feature-rich, it is always looking to expand and add more, which might ultimately turn it into the best wallet on the market.
Right now, it is already a multi-chain wallet, supporting several major blockchains, including Ethereum, Bitcoin, and Solana, to name a few. However, its goal is to add support for over 60 networks, which it does through separate updates.
These updates also add and expand other features. The August update (v2.10) added support for Solana’s blockchain and multiple SOL-based cryptos, and the September one (2.11) introduced advanced gas controls that can speed up or cancel transacitons, SOL support in Upcoming Tokens, support for Italian and French, as well as further updates to the Rewards tab, such as the new UI and 7-Day streaks.
Additional upgrades and expansions will likely introduce even more features and improve existing ones, making this the best time to join the wallet and watch it evolve in real-time.
Should You Buy Silver Token?
The final thing to consider is whether you should buy Silver Token crypto in the first place. Unfortunately, there is no easy answer to this question, as this is something that each investor and trader has to decide for themselves.
Note that the Silver Token price directly mirrors the price of silver on the open market, so if the price of silver is going up or down, the token’s price does, as well. For example, the value of silver has been growing steadily in the last month, but it saw a dip over the last several days.
In other words, you should really consider silver itself as the underlying asset, and view XAGX as its online representation in the crypto industry, rather than an actual cryptocurrency. As mentioned before, the token simply represents a more convenient way to invest and store your silver investment, nothing more.
But, whatever you decide, the Silver Token coins will wait readily available in the Best Wallet app for you to buy if that is what you choose to do.
Visit Best Wallet
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