NAV is an open-source blockchain now in its third version of Proof-of-Stake (PoS). The team, which was initially funded by a group of volunteers, has a market cap of over USD$8M. NAV implements many of the same features that are visible on Bitcoin’s chain. Benefits include coin’s blockchain benefits from the same features that were introduced to the Bitcoin network, one example being SegWit. The NAV coin wallet is designed in such a way that supports the SegWit feature for ease of use. This coin also uses the PoS algorithm that enables its users to earn 5% of their total staking on the condition that the NAV coin is switched to staking mode. Transactions from the NAV coin blockchain can be confirmed as quickly and in as little as 30 seconds. In terms of transactions, the NAV coin blockchain can also do private transactions.
The best place to buy NavCoin 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 NavCoin (NAV). 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 NAV 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 NavCoin with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy NAV 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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