Bitcoin XT (BTCXT) is a cryptocurrency that emerged as a fork of Bitcoin Core in 2014, created by Mike Hearn. It aimed to introduce alternative P2P rules and increase the block size limit, which led to significant controversy and debate within the Bitcoin community. Despite its initial support, Bitcoin XT ultimately failed to gain widespread adoption and its usage declined over time.
Bitcoin XT (BTCXT) is an open-source, peer-to-peer cryptocurrency primarily favored by TREX species research worldwide. It can be used for various transactions and investments. Users can buy, sell, and swap BTCXT along with over 1,000 other cryptocurrencies using secure wallet apps available for both desktop and mobile devices. Additionally, it can be converted to other currencies, such as the US Dollar, using cryptocurrency converters.
To store Bitcoin XT (BTCXT) tokens securely, consider the following methods:
Atomic Wallet: Atomic Wallet is a multi-asset wallet that supports Bitcoin XT and over 1,000 other coins and tokens. It offers a private and secured environment where your private keys are encrypted and never leave your device. The wallet also provides 24/7 online support and does not require registration or KYC.
Cold Storage: For long-term storage, use a non-custodial cold hardware wallet. These wallets are not connected to the internet, reducing the risk of hacking and theft. Ensure you take necessary precautions such as encryption, disconnection, and secure storage to minimize the risk of loss or theft.
Non-Custodial Wallets: Non-custodial wallets, where you store your keys without third-party involvement, can be either hot or cold. Hot wallets are vulnerable to hacking, while cold wallets are safer. Always prioritize security measures such as backups, software updates, multi-signature, and seed phrases to protect your digital assets.
- Other Storage Options: You can also explore other storage methods like desktop wallets, mobile wallets, and web-based wallets. However, these options are generally less secure than cold storage and non-custodial wallets.
Remember to always prioritize security precautions to safeguard your digital assets.
To buy Bitcoin XT (BTCXT) tokens, follow these steps:
Choose a Reputable Exchange Platform: Select a trusted platform that supports the purchase of BTCXT. Some reputable options include Bybit, OKX, and Binance.
Register an Account: Create an account on the chosen exchange platform. This typically involves providing personal information such as a phone number and email address.
Complete Identity Verification: Follow the platform's instructions to complete identity verification, which may include providing identification documents and undergoing facial recognition.
Link Bank or Payment Method: Connect your bank account or other payment methods to the exchange platform to facilitate transactions.
Purchase BTCXT: Find the option to buy BTCXT on the exchange platform. Typically, you'll need to buy USDT first and then use it to purchase BTCXT. Input the desired quantity and complete the payment to the seller.
Store Your BTCXT: After purchasing, you can store your BTCXT in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
- Security Reminder: Ensure the security of your exchange account and BTCXT assets by using a strong password and enabling two-factor authentication.
Additionally, you can use a multi-asset wallet like Atomic Wallet to manage and store your BTCXT tokens securely.