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How to Buy TenX (PAY) in 4 Easy Steps

Written byPedro RomanUpdated 4 hours ago

Quick Answer:

You can buy TenX and have it in your wallet in less than one hour in 4 simple steps:

  1. Find the best exchange that sells TenX.
  2. Register a new account.
  3. Fund your account.
  4. Buy TenX.

These steps are simple if you know where to buy TenX cryptocurrency -- but knowing where to buy is the hard part.

Many cryptocurrencies are only offered on less well-known exchanges, and finding the best place to buy TenX (PAY) and then figuring out if that exchange is trustworthy is more than most people - even experienced crypto traders - can handle!

We've done all the hard research for you. Let's get started.

Step 1Find the Best TenX Exchange

Ultimately, doing your own research in crypto is the best way to learn the processes of moving your money, finding promising investment opportunities, and buying and selling cryptocurrencies.

We have done years of work to make this as simple as possible for you.

Why You Should Trust Our Recommendations

346

We started with 346 crypto exchanges.

We start by evaluating our comprehensive list of 346 exchanges that we have spent 7+ years and 600+ hours gathering data on.

4

Only 4 of these exchanges sell TenX.

We then filter down the entire set of possible marketplaces to only the ones that have active PAY markets.

2

Only 2 of these exchanges have $100m in daily trade volume.

We then remove any exchanges that don't have adequate trading volume to make buys and sales of all sizes.

1

Only 1 remaining exchanges received a 7/10 Trust Score.

We give each exchange a trust review rating using history, longevity, proof of reserves, and reputation.

1

Apply our editorial review process to rank the remaining exchanges.

We manually review the remaining candidates to declare a winner.

The Winner is Gate.io

No data was found

Step 2Register Your New Account

  1. Visit the Website: Go to Gate.io's official website.
  2. Sign-Up Process: Click on the 'Sign Up' button typically located at the top right corner.
  3. Enter Personal Details: Fill in your email address and create a password. Ensure the password is strong and unique for security purposes.
  4. Email Verification: Check your email for a verification link or code from Gate.io and click the link or enter the code to verify your email address.
  5. Complete KYC (Know Your Customer) Process: This step involves providing personal information and identity verification documents. It's essential for compliance with regulatory requirements and to enable higher transaction limits.
  6. Enable Two-Factor Authentication (2FA): Set up 2FA for an additional layer of security on your account. This typically involves linking a mobile phone or using an authentication app.
  7. Deposit Funds: Once your account is set up and secure, you can deposit funds either in cryptocurrency or fiat (if available), based on the platform's supported methods.
  8. Begin Trading: After funding your account, you're ready to start trading or investing in cryptocurrencies on Gate.io.

Step 3Fund Your Account

Once you have registered or logged in to your account at Gate.io, there are several funding methods you can use to buy TenX cryptocurrency.

You can buy TenX on Gate.io using:

Step 4Buy TenX (PAY)

After registering and funding your account at Gate.io, you should be able to buy TenX after your deposit finishes processing. After you receive your PAY, make sure to secure it and follow best security practices to avoid losing it scams or hacks.

Best TenX Exchanges

TenX is also available on these exchanges:

About TenX

What is TenX?

TenX (PAY) is a Singapore-based start up which offers Visa debit cards to spend several leading cryptocurrencies for daily transactions in the real world. It also offers the TenX wallet which can be filled using any cryptocurrency and instantly connected to a TenX Visa card. TenX makes use of PAY as the token of conversion and the internal unit of currency inside their network.

History of TenX

In May 2015, the idea of TenX was pitched at DBS Blockchain Hackathon at which it won the first prize. In September 2016, the Alpha version of TenX Wallet went live and in the next month bitcoin was added as the first supported cryptocurrency. In April 2017, the registration for Singaporean citizens for TenX started. In May 2017, Dash and Ethereum were added as officially supported cryptocurrencies. In June 2017, TenX Initial Token Sale went live globally, which was quite successful. The core team of TenX consists Toby Hoenisch, Michael Sperk and Paul Kittiwong. Vitalik Buterin, Bo Shen and David Lee are among the notable investors in TenX.

How TenX Works

TenX works just like a normal debit card works for bank accounts. However, instead of fiat currency of bank accounts, this card utilizes the balance of cryptocurrencies in the user’s TenX wallet. Thus, when the user want to make a purchase at a physical store or online, they can open the TenX app in their wallet, select the cryptocurrency to pay with (else the last selected cryptocurrency will be used by default) and make the payment. TenX automates the conversion between the cryptocurrency and the fiat currency and the amount will be instantly deducted from the TenX wallet (and ultimately the cryptocurrency balance), and the seller will receive their payment in the local fiat currency.

Advantages of TenX

TenX is a unique idea which allows holders of its card to use cryptocurrencies easily in the real world. This brings several advantages to the users, including:

  • Instant Liquidity: TenX makes it possible to utilize cryptocurrencies for daily expenses like paying for a coffee or grocery bills at a local supermarket.
  • Multiple Cryptocurrency Support: TenX supports all the leading cryptocurrencies including Bitcoin, Ethereum, Dash and more. Technically, they are able to support any cryptocurrency which exists or will be developed in the future.
  • No Conversion Until Needed: The TenX wallet balance is kept in cryptocurrency denominations until the user requests a payment in fiat currency. This means the conversion is done in real time and on demand.
  • Decentralized Storage: Using the inherent advantage of cryptocurrencies, the wallet storage is trustless and decentralized. This enhances the security of the wallet and makes it almost un-hackable.
  • Global Acceptance: Users can access the TenX wallet linked Visa card anywhere in the world where a traditional debit or credit card is accepted. The user can pay with their TenX wallet or card in 200 countries worldwide at 26 million point of sales.
  • Global Registration: Users from all over the world can sign up for a TenX wallet.
  • User Rewards: TenX pays user 0.1% of the transaction value back. The total spent in a month is calculated and 0.1% is credited back to user account in the form of PAY tokens.
TenX (PAY)
Price
$0.0070145499630105
24h Change
-3.6
7d Change
-22.6