How and Where to Buy Centric Cash (CNS) – Detailed Guide

Jun 17, 2021 1:58 PM

What is CNS?
Step 1: Register on Fiat-to-Crypto Exchange
Step 2: Buy BTC with fiat money
Step 3: Transfer BTC to an Altcoin Exchange
Step 4: Deposit BTC to exchange
Step 5: Trade CNS
Last Step: Store CNS securely in hardware wallets
Other useful tools for trading CNS
Frequently Asked Questions
Latest News for CNS
CNS Price Prediction and Price Movement

What is CNS?

What Is Centric Swap (CNS)?

Centric Swap (CNS) was first conceived in December 2017. CNS is a Binance Smart Chain-based token that serves as the Centric Network’s on- and off-ramp. Centric Network itself is a dual-cryptocurrency payment network.

CNS can be traded freely on cryptocurrency exchanges and offers users access to Centric Rise (CNR) along with liquidity. A decentralized protocol governs the exchange between these tokens and self-regulates the supply to meet the changes in demand.

The vision of Centric is to alleviate what they see as the largest obstacle to the mass adoption of cryptocurrencies, which is price volatility. The Centric Foundation was established to advance the adoption of Centric Rise (CNR) and Centric Swap(CNS).

Centric has a dual-token model that rewards adoption and stabilizes over time due to its self-regulating supply. The idea behind the model is that, when a user purchases Centric Swap from a trusted cryptocurrency exchange, they can convert it to Centric Rise and benefit from its hourly growth.

This leads to the fact that at every moment when the Centric Rise is worth slightly more than Centric Swap, the user can convert CNR back to CNS and reap the rewards. This dual token system creates the conditions for a synthetic stable currency and can regulate the supply of Centric Rise to drive the market price of Centric Swap towards $1.

Who heads Centric Swap?

Joel Clelland is the CEO of the Centric Foundation and a member of its board of directors. Joel emphasizes investor education and engagement, strategic partnerships, and market cap growth as key components to expedite protocol consensus.

What Makes Centric Swap Unique?

The two tokens that make up the Centric dual-token model include the Centric Rise (CNR) and the Centric Swap (CNS).

CNR trades at a fixed price and has hourly growth, while CNS trades at the price set by the market. At any point in time, Centric Rise can be redeemed for Centric Swap and vice versa.

Holding Centric Rise grants a user predetermined hourly earnings on their investment in Centric Swap, ensured by the fact that the value of Centric Rise is constantly increasing in relation to Centric Swap. CNR trades at a predetermined price that is enforced by the Centric protocol and increases every hour when the protocol self-balances. 1 CNS will always convert to CNR at a fixed exchange rate of $1 USD of CNR.

In other words, Centric Rise (CNR) stores value, is a transactional currency, has a deflationary supply and an inflationary price and an hourly yield. Centric Swap (CNS) has liquidity, is traded on exchanges, has an elastic supply and a demand indicator. The Centric Protocol governs the token exchange, regulates the supply, is immutable, is censorship-resistant and is independently audited.

Learn about Electroneum.

Learn about Monero.

Learn how to mine Monero on CMC Alexandria.

Expand your knowledge of cryptocurrency with the CoinMarketCap blog.

How Many Centric Swap (CNS) Coins Are There in Circulation?

Centric Swap (CNS) has a circulating supply of 1,726,750,305 CNS as of February 2021. No maximum supply data is available at the time.

How Is the Centric Swap Network Secured?

The Centric Protocol is governed by the Centric Rise smart contract. CNR and CNS are based on the BSC blockchain’s BEP20 standard.

Centric Wallet is available where users can store their Centric Rise and Centric Swap. It has features that were specifically designed for these tokens.

Where Can You Buy Centric Swap (CNS)?

Buying, trading and selling Centric Swap (CNC) is available on the following exchanges:

AscendEX - USDT/CNS
Probit - CNS/USDT
Changelly Pro - BTC/CNS
HitBTC - USDT/CNS
MEXC - USDT/CNS
HotBit - USDT/CNS
PancakeSwap - CNS/BNB
BSC Centric Swap Contract – 0xF6Cb4ad242BaB681EfFc5dE40f7c8FF921a12d63
Rasta Finance - Rasta/CNS
CroxSwap - CROX/CNS
Bithumb Global - CNS/USDT
Coin Tiger - USDT/CNS

If you are unsure of how purchasing cryptocurrencies works, check out our guide on how to buy Bitcoin.

CNS was first tradable on 30th Jul, 2020. It has a total supply of 3,480,586,721.8,645,134. As of right now CNS has a market capitalization of USD $unknown. The current price of CNS is $0.000598 and is ranked 1395 on Coinmarketcap and has recently surged 43.82 percent at the time of writing.

CNS has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy CNS.

Step 1: Register on Fiat-to-Crypto Exchange

You will have to first buy one of the major cryptocurrencies, in this case, Bitcoin (BTC). In this article we will walk you through in details two of the most commonly-used fiat-to-crypto exchanges, Uphold.com and Coinbase. Both exchanges have their own fee policies and other features that we will go through in detail. It is recommended that you try both of them and figure out the one that suits you best.

Suitable for US traders

Select Fiat-to-Crypto Exchange for details:

UpHold

Being one of the most popular and convenient fiat-to-crypto exchanges, UpHold has the following advantages:

Easy to buy and trade among multiple assets, more than 50 and still adding
Currently more than 7M users worldwide
You can apply for UpHold Debit card where you can spend the crypto assets on your account like a normal debit card! (US only but will be in the UK later)
Easy to use mobile app where you can withdraw fund to a bank or any other altcoin exchanges easily
No hidden fees and any other account fees
There are limited buy/sell orders for more advanced users
You can easily set up recurring deposits for Dollar Cost Averaging (DCA) if you intend to hold cryptos long term
USDT, which is one of the most popular USD-backed stablecoins (basically a crypto that is backed by real fiat money so they are less volatile and can be treated almost as the fiat money it's pegged with) is available, this is more convenient if the altcoin you intend to buy has only USDT trading pairs on the altcoin exchange so you don't have to go through another currency conversion while you buy the altcoin.

Show Details Steps ▾

Type your email and click 'Next'. Make sure you provide your real name as UpHold will need it for account and identity verification. Choose a strong password so that your account isn't vulnerable to hackers.

You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.

Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, UpHold is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.

Step 2: Buy BTC with fiat money

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You may be charged higher fees depending on your credit card company and the volatile prices when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees.

Now you are all set, on the 'Transact' screen under the 'From' field, select your fiat currency, and then on the 'To' field choose Bitcoin, click preview to review your transaction and the click confirm if everything looks good... and congrats! You've just made your first crypto purchase.

Step 3: Transfer BTC to an Altcoin Exchange

But we are not done yet, since CNS is an altcoin we need to transfer our BTC to an exchange that CNS can be traded, here we will use MXC as our exchange. MXC is a popular exchange to trade altcoins and it has a large number of tradable altcoins pairs. Use the link below to register your new account.

Launched in Apr 2018, MXC is a centralized cryptocurrency exchange registered in Seychelles. It supports CNY, VND, USD, GBP, EUR, AUD deposit, and CNY, VND withdrawal. As far as we can tell, US-investors may trade at MXC. It offers trading in 242 coins and has 374 trading pairs. They are currently no. 7 in terms of the most supported cryptocurrencies compared to other spot trading exchanges according to Coingecko. Most importantly, MXC is ON TOP of the Decentralised Finance (DeFi) wave and constantly adding support for DeFi coins.

After going through a similar process as we've done before with UpHold, you will be advised to set up 2FA authentication as well, finish it as it adds extra security to your account.

Step 4: Deposit BTC to exchange

Depends on the policies of the exchange you might be required to go through another KYC process, this should usually take you from 30 minutes to possibly a few days maximum. Though the process should be straight-forward and easy to follow. Once you're done with it you should have full access to your exchange wallet.

If this is your first time making a crypto deposit, the screen here may look a bit scary. But don't worry, it's basically simpler than making a bank transfer. At the box on the right, you will see a string of random numbers saying 'BTC address', this is a unique public address of your BTC wallet at MXC and you can receive BTC by giving this address to the person to send you the funds. Since we are now transferring our previously bought BTC on UpHold to this wallet, click on 'Copy Address' or right-click on the full address and click copy to grab this address to your clipboard.

Now head back to UpHold, go to the Transact screen and click on BTC on the "From" field, choose the amount you wan to send and on the "To" field choose BTC under "Crypto Network", then click "Preview withdraw".

On the next screen, paste the wallet address from your clipboard, for security consideration you should always check if both addresses are matching. It is known that there are certain computer malware that would alter the content in your clipboard into another wallet address and you will be essentially sending funds to another person.

After reviewing, click 'Confirm' to proceed, you should receive a confirmation email instantly, click on the confirmation link in the email and your coins are on the way to MXC!

Now go back to MXC and head to your exchange wallets, don't worry if you haven't seen your deposit here. It is probably still being verified in the blockchain network and it should take a few minutes for your coins to arrive. Depending on the network traffic condition of the Bitcoin network, during busy times it may take even longer.

You should receive a confirmation notification from MXC once your BTC has arrived. And you are now finally ready to purchase CNS!

Step 5: Trade CNS

Go back to MXC, then go to 'Exchange'. Boom! What a view! The constantly flicking figures might be a bit scary, but relax, let's get our heads around this.

In the right column there is a search bar, now make sure "BTC" is selected as we are trading BTC to altcoin pair. Click on it and type in "CNS", you should see CNS/BTC, select that pair and you should see a price chart of CNS/BTC in the middle of the page.

Below there is a box with a green button that says "Buy CNS", inside of the box, choose the "Market" tab here as that is the most straight-forward type of buying orders. You can either type in your amount or choose what portion of your BTC deposit you would like to spend on buying, by clicking on the percentage buttons. When you have confirmed everything, click "Buy CNS". Voila! You have finally bought CNS!

Last Step: Store CNS securely in hardware wallets

Ledger Nano S

Easy to set up and friendly interface
Can be used on desktops and laptops
Lightweight and Portable
Support most blockchains and wide range of (ERC-20/BEP-20) tokens
Multiple languages available
Built by a well-established company found in 2014 with great chip security
Affordable price

Buy Now

Ledger Nano X

More powerful secure element chip (ST33) than Ledger Nano S
Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
Lightweight and Portable with built-in rechargeable battery
Larger screen
More storage space than Ledger Nano S
Support most blockchains and wide range of (ERC-20/BEP-20) tokens
Multiple languages available
Built by a well-established company found in 2014 with great chip security
Affordable price

Buy Now

If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your CNS for a considerable long time, you may want to explore ways of keeping it safe, although Binance is one of the safest cryptocurrency exchange there had been hacking incidents and funds were lost. Because of the very nature of the wallets in exchanges, they will be always online("Hot Wallets" as we call them), therefore exposing certain aspects of vulnerabilities. The safest way of storing your coins to date is always putting them into a type of "Cold Wallets", where the wallet will only have access to the blockchain(or simply "go online") when you send out funds, reducing the chances of hacking incidents. A paper wallet is a type of free cold wallet, it's basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. However, it is not durable and is susceptible to various hazards.

Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. Ledger Nano S and Ledger Nano X and are the most popular options in this category, these wallets cost around $50 to $100 depending on the features they are offering. If you are holding your assets these wallets are a good investment in our opinion.

Frequently Asked Questions

Can I buy CNS with cash?
Are there any quick ways to buy CNS in Europe?
Are there any alternative platforms to buy CNS or Bitcoin with credit cards?

Can I buy CNS with cash?

There is no direct way to buy CNS with cash. However, you can use marketplaces such as LocalBitcoins to first purchase BTC, and finish the rest of the steps by transferring your BTC to respective AltCoin exchanges.

LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. is after all a good place to go to buy Bitcoins when you can't find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed.

Are there any quick ways to buy CNS in Europe?

Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Uphold.

Are there any alternative platforms to buy CNS or Bitcoin with credit cards?

Yes. is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.