PayProtocol Paycoin (PCI) is a cryptocurrency payment platform designed for both e-commerce and retail use. It aims to simplify payment processes, reduce fees, and enhance user convenience by supporting various virtual assets. The platform is supported by Danal, a South Korean payment company, and utilizes blockchain technology to provide fast transactions and excellent privacy. Paycoin can be used to purchase goods and services from a network of merchants, including well-known brands like 7-Eleven, Domino's Pizza, and KFC.
PayProtocol Paycoin (PCI) is a cryptocurrency designed for use in both e-commerce and retail transactions. It was first launched in South Korea in 2019 and allows users to purchase goods and services from a network of merchants. By September 2021, Paycoin had onboarded over 70,000 merchants, including well-known brands like 7-Eleven, Domino's Pizza, and KFC, and had more than 2 million registered users, generating over 10 million USD in payment transactions.
To store PayProtocol Paycoin (PCI) tokens, you have several options:
- Exchanges' Wallets: You can store your PayCoin on your exchanges' wallets, such as Binance Wallet, if you plan to trade or use them frequently.
- Crypto Wallets: You can store your PayCoin on crypto wallets like Trust Wallet, which offer more flexibility and control over your assets.
- Cold Wallets: For long-term storage, consider using cold wallets, which are more secure and less vulnerable to hacking compared to hot wallets.
To buy PayProtocol Paycoin (PCI) tokens, follow these steps:
Create an account on a cryptocurrency exchange: Register on a centralized exchange (CEX) that supports Paycoin trading, such as Bitget or Uphold. Verify your identity and secure your account with two-step verification.
Purchase a base cryptocurrency: Buy a cryptocurrency that can be easily purchased with fiat, such as USDT, BTC, ETH, or BNB, using the exchange's OTC trading service or a financial service platform like PayPal or Robinhood.
Transfer the base cryptocurrency: If the CEX you're using doesn't support both the base cryptocurrency and Paycoin trading, transfer the purchased cryptocurrency to an exchange that supports Paycoin trading.
Buy Paycoin: Use the transferred base cryptocurrency to buy Paycoin in the spot market. Ensure the exchange supports the desired trading pair, such as Paycoin-USDT or Paycoin-ETH.
Store your Paycoin: Once purchased, store your Paycoin securely in a wallet that supports Paycoin.