Introduction to XCHF (CryptoFranc)
XCHF, or CryptoFranc, is a stablecoin pegged to the value of the Swiss Franc (CHF). Its core objective is to provide a stable digital asset in the blockchain world, allowing users to avoid the drastic volatility of the cryptocurrency market while enjoying the efficiency and transparency brought by blockchain technology. As a stablecoin, XCHF is primarily used for cross-border payments, transaction settlements, and as a hedge in digital asset portfolios.
How to Buy XCHF
Buying XCHF can typically be done in the following ways:
- Third-Party Payment Services: Many cryptocurrency platforms integrate third-party services like MoonPay, Simplex, and Alchemy Pay. Users can use these services to directly purchase XCHF with various fiat payment methods such as credit cards, debit cards, Apple Pay, or bank transfers. Identity verification (KYC) is usually required before purchasing.
- Supported Crypto Wallets: Some Web3 wallets (such as Bitget Wallet) offer direct cryptocurrency purchase functionality. Users can buy XCHF within the wallet via bank transfer, credit card, or other online payment methods. Similarly, these services also require users to complete necessary identity verification.
- Exchange with Other Cryptocurrencies: On DEXs or CEXs that support XCHF trading, users can exchange mainstream cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), or USDT for XCHF. Before trading, ensure your wallet has enough network native tokens (e.g., ETH on the Ethereum network) to cover transaction fees.
Selling and Trading XCHF
The process for selling XCHF is similar to buying, mainly through the following channels:
- Exchange for Other Cryptocurrencies: Users can exchange XCHF for Bitcoin, Ethereum, USDT, or other stablecoins on trading platforms that support XCHF trading pairs.
- Exchange for Fiat Currency: On trading platforms that support fiat withdrawals, users can convert XCHF into Swiss Francs or other fiat currencies and then withdraw to their bank accounts. This process also requires identity verification.
Which Trading Platforms Have Listed XCHF?
As of the time of writing, XCHF, as a stablecoin, is primarily available for purchase through platforms integrating third-party payment services and some crypto wallets. According to public information, platforms like BitMart support XCHF purchases via third-party services such as MoonPay, Simplex, and Alchemy Pay. Bitget Wallet also offers direct XCHF purchase services. However, public data does not explicitly list direct trading pairs for XCHF (e.g., XCHF/USD, XCHF/USDT) on mainstream CEXs. Therefore, users are advised to verify whether their target trading platform supports direct trading or exchange of XCHF before making any transactions.
XCHF Technology and Supply
The total supply and circulating supply of XCHF are both 7.1 million XCHF. As a stablecoin, its value is designed to be tightly pegged to the Swiss Franc, resulting in extremely low price volatility. Its primary value lies in its function as a medium of exchange and a store of value. When performing on-chain operations, users should be aware of the blockchain network XCHF resides on and prepare the corresponding network fees.
