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Which cryptocurrencies are supported?

You can buy/sell Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Stellar (XLM), EOS (EOS), OMG Network (OMG), 0x (ZRX) and Tezos (XTZ).

Bitcoin (BTC) is a digital currency used for fast, secure, and low-cost payments without the need for a central issuer or processor. It was the first decentralised currency, introduced in 2009.

Bitcoin Cash (BCH) is the result of BTC going through a hard fork following some debate from the BTC community and its miners over scalability and transaction speed issues. BCH is totally independent of BTC and has larger block sizes, meaning more transactions can be processed in less time.

Ethereum (ETH) is a software platform, that’s not controlled by any central authority. Its primary purpose is to facilitate ‘smart contracts’ without any possibility of downtime, fraud, or third-party interference.

Litecoin (LTC) is an alternative cryptocurrency similar to BCH; it is an open source, peer-to-peer, and fully decentralised global payment network. LTC exists as a software ‘blockchain’ where participating nodes process the transaction and miners provide security and verification for every transaction .

Ripple (XRP) is an open source technology, built for enterprise, on the principles of blockchain. The main purpose of Ripple is to move assets around the world almost instantly, whilst maintaining centralised control.

Stellar (XLM) is an open-source network for currencies and payments. Stellar makes it possible to create, send and trade digital representations of all forms of money – dollars, pesos, bitcoin, pretty much anything. It’s designed so all the world’s financial systems can work together on a single network.

EOS is a blockchain-based system that enables the development, hosting and execution of decentralized applications (called “dApps”) on its platform. EOS focuses on critical pain-points of blockchain and attempts to solve the problem of speed, scalability, and flexibility that often become a bottleneck for dApps.

OMG (OMG Network) is used to integrate multiple electronic wallets using the OmiseGo blockchain. Over time, as more e-wallet providers are added to the network, and more of the crypto assets they issue can be exchanged on a blockchain, OmiseGo believes it could help provide banking services to those who have been excluded from the financial system. This means every time you use an OmiseGo contract, you need to pay in OMG, which is then distributed to nodes on the network that enforce contracts according to the rules.

ZRX (0x) is one of the most high-profile ‘decentralised exchanges’ (as opposed to a ‘centralised exchange’ like Coinbase). 0x allows developers to build their own cryptocurrency exchanges. The company’s founder refers to his solution as the “Craigslist for cryptocurrencies” in that any developer can build their own cryptocurrency exchange and post it online. The 0x coin is an ERC-20 token that provides a platform with an ability to support all of the tokens issued with the Ethereum blockchain.

XTZ (Tezos), also called a tez or a tezzie, runs on the Tezos blockchain network. Tezos isn’t based on the mining of tez. Instead, token holders receive a reward for taking part in the proof-of-stake consensus mechanism. The term “Tezos” is ancient Greek for “smart-contract,” according to the developers.

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