PIVX is the fork of Dash. The abbreviation stands for Private Instant Verified Transactions. You can buy PIVX on our website, BestRate.org. It is a peer-to-peer open source decentralized digital currency with high security level and privacy-focus. Being the Dash fork, PIVX has all the same technical features.
It was initially launched under the name of Darknet (DNET) in February 2016. PIVX is based on Bitcoin core and it uses a network of masternodes for an openly visible decentralized governance and enhanced privacy. The project’s main purpose is to provide its participants with instant private transactions and a governance that helps maintain the network.
How to buy PIVX
Select from the list of the cryptocurrencies the one that you want to exchange for PIVX, put in the amount.
Select the PIVX price that suits you for the cryptocurrency you want to exchange.
Type your PIVX wallet address and copy the address provided by bestrate.org. After that the transaction will be created and processed. You will see the status of the transaction on your monitor.
How to sell PIVX
If you want to sell PIVX in order to buy some other cryptocurrencies, first select the digital currency you need and put in the amount. Then repeat all the steps described above.
BestRate.io provides you with the best PIVX exchange rates so that you could maximize your profits.
What problems PIVX helps to solve
Most of cryptocurrencies based on smart contracts have a public ledger where all the transactions are visible and can be traced via their block explorer. This allows anyone see all the transactions associated with a specific address.
PIVX helps you to make your address and transactions fully invisible and untraceable.
Advantages of using PIVX
- PIVX allows you to hide your coin balance and protect from supervisors.
- It also helps you to hide the transaction history of the coin.
- It provides you with quick and anonymous transactions. It takes only 2.5 seconds to spend PIVX.
- Transparency is available, too. If you want to make your transaction visible you can switch on this option.
PIVX can be called a cryptoasset as it is secured by cryptography and based on blockchain technology.
This is a platform where you can exchange PIVX for Bitcoin or any other digital currency and get your profits.
PIVX market capitalization can be calculated by multiplying the total value of the coin supply by the price per coin. This is an index that shows how promising the coin is in terms of long-term investment.
PIVX investment strategy
Over the last year, PIVX has shown 100x growth in price and it still has the room to grow, that’s why it can be a very good coin for your long-term crypto portfolio.
Best PIVX investment strategy is “buy and hold”. Buy this coin, keep in on your wallets for several months, and when it price rises significantly you sell it and count your profits.
The service TradingView can be very helpful with such strategy as it allows you to monitor PIVX price. Also, you can set up email notifications for its price reaching some specific levels.
Note, that this article is written for information purposes only and we don’t give any financial advice here.
Where to keep PIVX coin
If you’ve decided to buy PIVX coin and keep it in your long-term portfolio then you should find a way to keep it securely so that no hacker could get access to your crypto funds. Here we’re going to review the most popular options.
Ledger Nano S
This is a hardware wallet and it’s one of the most secure wallets available in the market to store PIVX right now. You are the only one who has access to eat and who can control it. It works fine with Windows, Mac, Linux and Android phone and allows you to keep unlimited number of PIVX coins.
PIVX wallet (desktop)
The PIVX team has developed their own desktop wallet where you can keep the coins. It is less secure than the one mentioned above, but if your PC is well protected then it shouldn’t be a problem.
PIVX wallet has a mobile version, too. It can be downloaded from their official website.
This is a software wallet that works on different types of devices (Windows, Apple, Android). It supports most major altcoins and tokens, including PIVX.
How to transfer Decred securely
Cryptocurrencies allow you to make completely decentralized instant transactions at the low fees. There’s no third-party bank or financial institution to govern your transactions, to hold them back or to take away without a warning. Only you are in charge of your own funds.
However, decentralization has its downturns as well. If you send your coins to a wrong address you will lose it forever as there will be nobody to govern the transaction and give you your money back. Also, if you are not careful enough regarding the security of your funds a hacker can easily break into your account and steal your coins. And again, nobody will be able to help you get them back.
This is why you should always be very watchful on your coins and follow the following security practices.
Never type a wallet address manually
Usually, a PIVX wallet address where you can keep your coins consists of many digits and letters which makes it almost impossible to learn by heart. Also, it is very easy to make a typo if you type the address manually.
If you want to send your PIVX coins to somebody else and you make a typo in an address your coins will be lost forever. That’s why you must always copy and paste a recipient’s address.
Look up the transaction fee
When making a crypto transaction you should also pay the transaction fee. It is much lower with cryptocurrencies than with traditional financial institutions, but still you should be careful about this point, too. Always check the transaction fee before you send your coins to somebody else and make sure that the amount is reasonable
Double check the address
Even if you copy-paste the recipient’s address you may still lose your coins without a chance of retrieval. There are many viruses on the web that are designed to steal your crypto funds. Some of them change the recipient’s address where you want to send your coins to the one that belongs to a hacker. Always look up the first and the last few items of the address and check that it they correspond with the correct address.
Test before sending
If you need to send a big amount of PIVX coins to a recipient try sending a small amount first. If the transaction fails and your money gets lost at least you won’t lose the whole sum at once. If the small transaction passes correctly and your recipient gets the amount then you can send the rest.