How and Where to Buy Project TXA (TXA) – Detailed Guide
- What is TXA?
- Step 1: Register on Fiat-to-Crypto Exchange
- Step 2: Buy USDT with fiat money
- Step 3: Transfer USDT to an Altcoin Exchange
- Step 4: Deposit USDT to exchange
- Step 5: Trade TXA
- Last Step: Store TXA securely in hardware wallets
- Other useful tools for trading TXA
- Frequently Asked Questions
- Latest News for TXA
- TXA Price Prediction and Price Movement
What is TXA?
What is TXA?
TXA Staking is NOW live on https://swap.tacen.exchange/
TXA is an open source project that provides decentralized settlement services to exchanges that wish build on top of its settlement layer. TXA's Decentralized Settlement Layer serves as the foundation for a new kind of crypto exchange: hDEX, which stands for Hybrid-Decentralized Exchange. TXA's Decentralized Settlement Layer brings to fruition the architecture of a centralized orderbook with decentralized settlement. This means that traders will have access to CEX-like speeds while having a DEX-like trading experience in terms of privacy and security.
TXA's Decentralized Settlement Layer is entirely expandable, meaning that it can be extended by token holders through the TXA Governance Process to support any exchanges that wish to use it. It can then be integrated through open source development to support an increasing number of exchanges. Therefore, it will be able to potentially support multiple exchange platforms operated by any entity that wishes to utilize it. For example, Tacen (tacen.com) is currently building the world's first hDEX and is the first of many developers that will eventually be attracted to this novel exchange architecture and contribute to its expansion and growth.
TXA's Decentralized Settlement Layer serves as a hub for a quorum of Settlement Data Oracles (currently a minimum of 10) to reach a consensus on P2P obligations to finalize settlement on matched orders. SDO operators are TXA token holders who stake TXA and provide settlement services for trades made on an hDEX. They will then have the freedom to charge a settlement fee for their services per trade, which leads to the further democratization of the exchange process. In other words, an SDO serves as a type of node in the Decentralized Settlement Layer that receives trading data, supports the process of trade settlement, and gives SDO operators a platform to take ownership in the process of trade and settlement.
What is TXA's Utility?
The TXA token is the ecosystem utility token for TXA's Decentralized Settlement Layer. It may be used as a fee replacement on exchanges that use the TXA Decentralized Settlement Layer or staked to operate a Settlement Data Oracle within the Decentralized Settlement Layer and participating in the network governance. Holders of the TXA token in the community will have the opportunity of providing decentralized settlement services within the ecosystem to exchanges built on the Decentralized Settlement Layer and will be able to charge a fee for their services within the ecosystem. With rapidly increasing regulation, yield generating sources in DeFi are quickly drying up. SDO operation offers the next generation of yield opportunities to the community.
TXA's utility is entirely within the TXA Decentralized Settlement Layer and can be utilized on exchanges that are leveraging it for settlement services. You can learn more about TXA's Decentralized Settlement Layer and its token here (https://www.txa.app/).
How Many TXA Tokens Are There In Circulation?
The total supply of TXA has been capped at 50,000,0000, currently with an estimated circulating supply of 6,700,000.
Where Can You Buy TXA?
Currently, traders can purchase TXA through KuCoin, MEXC, XT.Com, HotBit and more exchanges to follow!
TXA was first tradable on 16th Aug, 2021. It has a total supply of 49,697,840.97. As of right now TXA has a market capitalization of USD $1,453,338.59. The current price of TXA is $0.0291 and is ranked 2098 on Coinmarketcap and has recently surged 16.18 percent at the time of writing.
TXA 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 USDT 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 TXA.
Step 1: Register on Fiat-to-Crypto Exchange
You will have to first buy one of the major cryptocurrencies, in this case, USDT (USDT). 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.
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.
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 USDT 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 USDT, 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 USDT to an Altcoin Exchange
But we are not done yet, since TXA is an altcoin we need to transfer our USDT to an exchange that TXA can be traded. Below is a list of exchanges that offers to trade TXA in various market pairs, head to their websites and register for an account.
Once finished you will then need to deposit USDT to the exchange from UpHold. After the deposit is confirmed you may then purchase TXA from the exchange view.
Last Step: Store TXA 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
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
If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your TXA 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 TXA with cash?
There is no direct way to buy TXA with cash. However, you can use marketplaces such as LocalBitcoins to first purchase USDT, and finish the rest of the steps by transferring your USDT 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 TXA 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 TXA 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.
Read more on Project TXA's fundamentals and current price here.