Last Updated on
Last Updated on
UBX has suffered a slump over the past few months but it’s finally picked up on the recent bull run. At the time of writing, UBX has had a solid upward daily change, hopefully signaling the start of yet another positive wave for the coin.
But, what actually is UBX and how do you buy it?
UBIX.Network is a DAG/blockchain hybrid that is designed to integrate different blockchains into a single p2p network. It’s a ‘full eco system’ that includes dapps (digital apps) and an exchange in its Ubikiri app. If you hold over 1m UBX in your Ubikiri wallet, you’ll get a very generous 0.1% (compounding) UBX per day.
Currently, UBX has a marketcap of 56,899,799 USD, over 45,000,000,000 coins in circulation, and a max supply of 1 trillion.
In terms of social following, UBIX.Network has a solid community and is growing all the time. Currently, Twitter is sitting at over 22,000 followers and its Telegram has over 16,000 members. These figures are certainly a promising sign and hopefully grow hand in hand as the coin gains more popularity.
If you’re looking to pick up some UBX for yourself, unfortunately, you won’t be able to go to exchanges such as Binance or Coinbase to do so. Instead, you’re going to have to use the likes of KuCoin or a DEX such as Uniswap, utilizing a MetaMask account.
If you opt for Uniswap, this method uses the ETH, or any other ERC20 token/stablecoin in your wallet to acquire UBX. This will incur gas fees that are very high at the moment. If you’d rather avoid this, KuCoin could be the exchange you’re looking for.
UBX is listed on other exchanges but the above two methods, in our opinion, are the safest and most reliable.
So now you know where to buy UBX, how do you actually get the coin in your wallet?
We’ll now run through the step-by-step process via the more user-friendly KuCoin method so you can secure UBX for yourself.
Your first port of call is to sign up to a platform that allows you to deposit Fiat. We’d recommend doing this via Coinbase as it’s the most widely used method, and the safest, due to your funds being insured up to $250,000.
You will have to complete a full verification process to confirm you are who you say you are. This is done by using photo identification so have that handy if you want to speed through it.
After completing the signup process, you can add funds via Debit card, PayPal, or another method available in your country.
Once this is done, you now have the option to purchase ETH. To do so, hit the Trade button and choose Ethereum along with the specified amount.
Now you’ve got some ETH, you’re going to have to get it out of that Coinbase wallet and onto the KuCoin exchange.
Of course, similar to Coinbase, you’ll need to sign up for a KuCoin account.
You’ll now be in a position to transfer ETH from your Coinbase wallet to the KuCoin exchange. To do so, open up your KuCoin wallet and note down your ETH address. Now, go back to Coinbase, open up your assets, press on ETH, and hit Send. A box will appear asking you to enter the address you want to send your ETH to. Input the KuCoin address you noted down earlier, add the amount you want to transfer, and confirm.
After your ETH funds have reached your KuCoin account, it’s now time to locate the ETH/UBX coin pairing. Simply type in UBX into the search bar at the top of the page and you should be able to see said pairing straight away. After clicking through to this, on the bottom right-hand side of your screen you should be able to see a buy box. Input the specified number of ETH you’d like to trade for UBX and hit Buy.
And that’s all there is to it. You should now have some lovely UBX coin in your KuCoin wallet to do with it what you please.
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