There are many ways that you can get access to XSGD.
XSGD is a stablecoin pegged to the Singapore Dollar and is issued by StraitsX by Xfers. XSGD is fully backed with fiat reserves.
Xfers holds a Major Payment Institution license granted by the MAS. Xfers is the issuer of the XSGD, and their platform is used for the minting of the XSGD.
You can connect your bank account to Straits X by Xfers to convert your Singapore Dollars into XSGD.
Centralised exchanges are an intermediary between a buyer and seller and make money through commissions and transaction fees.
One such example is Crypto.com.
Once you have a verified account with an exchanges you will be able to:
A decentralised exchange is a peer-to-peer marketplace where users can trade cryptocurrencies in a non-custodial manner without the need for an intermediary to facilitate the transfer and custody of funds.
One such example is Uniswap.
Once you are on any of the following decentralised exchanges, click on “Connect Wallet” to prepare for the trade.
You will have to execute two transactions, one to enable to swap function between the token of your choice and XSGD, and the second to execute the transaction itself.
Here is an example from Uniswap.
XSGD is an ERC-20 token and can be held non-custodial wallets. This means that you can send and recieve XSGD on any non custodial Ethereum wallet address. One example is Ledger.
The information contained herein is provided purely for educational purposes to help users navigate new technologies . It is not intended to provide investment, financial, business or professional advice. You should ensure you fully understand the risks and characteristics of Digital Payment Tokens (“DPTs”) by reading and acknowledging the Risk Disclosures, and determine if DPTs are suitable for you. You are recommended to seek independent professional advice where appropriate.