Last update: Jun 6, 2022

How to Buy eCash (XEC)

So you’re looking for a guide on how to buy eCash. Depending on your country, you’ll have different crypto trading platforms to choose from.

In this guide, we not only cover the top 3 global cryptocurrency trading platforms, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

How to Buy eCash – 4 Easy Steps

1. Choose a cryptocurrency exchange

Finding a crypto exchange isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have eCash of course.

2. Sign up with the crypto exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger cryptocurrency exchanges.

4. Buy eCash

Now that you have what you need to buy eCash, head over to the market or buy section of the crypto trading platform and buy some XEC.

If the crypto exchange doesn’t have any eCash on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has eCash first), and trade your Ethereum for eCash.

Where to Buy eCash (XEC)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell eCash

1. Sign into the exchange where you bought eCash.
2. Move your eCash to the right place on the exchange. Some exchanges have trading accounts you need to use for buying and selling.
3. Sell eCash.

 

How to Buy eCash (XEC) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy eCash in Australia, the process remains the same:

1. Find a cryptocurrency exchange below.
2. Sign up for an account.
3. Fund your account with AUD.
4. Buy eCash if it’s available. If the exchange doesn’t have eCash. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has eCash), and trade your ETH for eCash.

It’s also possible to check out our comparison of the best cryptocurrency trading platforms in Australia if you’re curious to know more about which exchanges we like.

How to Buy eCash (XEC) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy eCash in Canada, the process remains the same:

1. Find a crypto exchange below.
2. Sign up for an account.
3. Fund your account with CAD.
4. Buy eCash if it’s available. If the exchange doesn’t have eCash. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has eCash), and trade your ETH for eCash.

Or, if you’d like to learn more about the exchanges we prefer, read our list of the cryptocurrency brokers in Canada.

How to Buy eCash (XEC) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy eCash in the UK, the process remains the same:

1. Find a crypto exchange below.
2. Sign up for an account.
3. Fund your account with GBP.
4. Buy eCash if it’s available. If the exchange doesn’t have eCash. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has eCash), and trade your ETH for eCash.

You can also take a look at our analysis of the bitcoin exchanges in the UK If you’re interested in learning more about which exchanges we would recommend.

Considering buying eCash? XEC Rundown

ECash (XEC), a rebranded version Bitcoin Cash ABC (BCHA), is a fork from Bitcoin Cash (BTC), and Bitcoin Cash (BCH). It describes itself as a "cryptocurrency designed to be used in electronic cash." ECash is a method of payment that can be used to purchase goods and services. On July 1, 2021, the coin was rebranded and has tried to differentiate itself from its predecessor. "bits" are the base units of eCash and replace the cumbersome decimal places in Bitcoin Cash ABC. You would instead of sending 0.00001000 BTC you would send 10 bits using eCash. ECash incorporates a proof of-stake (PoS), consensus layer called "Avalanche," that is not to be confused with the blockchain Avalanche. eCash declared that all BCHA coins would be converted to XEC in a ratio between one and one million upon rebranding.

Three main improvements are the focus of cryptocurrency developers:

• Transaction throughput scaling from 100 transactions per minute to more than 5 million transactions per hour
• Improve the payment experience and reduce transaction finality times
• Extension of the protocol and establishment of fork-free upgrades

The developers of eCash, (XEC), intend for the coin to support Ethereum Virtual Machines (EVM-compatibility) and be interoperable to the Decentralized Finance (DeFi) sector on Ethereum. eCash's developers have five core missions to make the coin a success:

• Transparency in transactions
• Transparency of transactions
• Transaktions are guaranteed to remain virtually free
• Globally secure transactions enforced with a finality of less than three seconds
• The coin's infrastructure should be considered a public good and funded by its social contract.

The developers of eCash have created an ambitious roadmap with the following goals:

• To enable scalable block processing, canonical transaction ordering is possible
• Schnorr Signatures allow batched signature validation
• Block propagation via graphene and other materials is faster
• UTXO commitment to blockchain pruning and quicker initial sync
• Merklix-Meta Tree for scalable block processing
• Block sizes that adapt to market-driven growth up to 1TB
• These ambitious solutions could propel eCash up to 50 transactions per user per hour for up to 10 million users.

Related:

• How to Buy EasyFi (EZ)
• How to Buy Elrond eGold (EGLD)