Nano (XNO) is a lightweight cryptocurrency aimed at facilitating secure, feeless transactions that are practically instant that address the issues and limitations of legacy banking systems and several cryptocurrencies.
Nano was launched in 2015 as RaiBlocks and was built to be an extremely low latency payment platform operating more efficiently than other existing cryptocurrency payment systems. This makes Nano an ideal solution for peer-to-peer transactions. Nano reports that their median transaction speed is less than one second making it several times faster than Bitcoin.
Nano deploys its unique ‘directed acyclic graph’ (DAG) protocol and “open representative voting’ validation method (ORV). With DAG, Nano manages to avoid mining or staking activities by delegating the blockchain functions to each individual user. Each nano user is therefore responsible for its own blockchain operations and the amount of energy it consumes.
ORV is Nano’s validation method whereby transactions are validated by ‘principal representatives’ in which token holders delegate power to. The representatives then work to confirm blocks of transactions securely.
To Buy Nano (XNO) in Australia, sign up to the Swyftx crypto exchange and deposit AUD.
The best place to buy Nano is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Bitcoin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.
Yes, Swyftx is a safe and secure platform to buy and sell Nano (XNO). Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security.
Swyftx is a AUSTRAC registered exchange that conducts regular security audits and maintains strict compliance with Australian Anti-Money Laundering and Counter-Terrorism Financing Laws.
You can find more information on our security practices here.
The price of XNO is determined by the forces of supply and demand in the market. Similar to other assets, the price of Bitcoin is determined by the number of buyers and sellers in the market at any given time.
Some significant factors that can influence the demand for Bitcoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.
You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:
Swyftx also allows you to deposit cryptocurrency from another wallet into your account.
Swyftx does not allow you to directly buy Nano with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy XNO instantly.
Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.
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This should not be used to make investment decisions.
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The customer service is great! It doesn't take long to withdraw from your account within one day my funds are in my bank account which is great.