Everex Coin (EVX) – A Beginner’s Guide

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    It is still quite challenging fast and with ease, but can Everex coin be the ultimate solution for this problem? Everex coin is a cryptocurrency that is powered by blockchain to make cross-border transfers as manageable as possible for providers of financial services and their clients. In today’s article, we will learn more about what Everex coin is and what it brings to the table.

    What is the Everex coin?

    Everex coin is a product of blockchain technology that is designed to serve as a platform that allows users to transfer funds across borders with fewer expenses easily. It also offers microfinancing via a blockchain network. Fundamentally its main goal is to upgrade the payment methods that are currently available. It has quite a few products it offers which include, crypto-cash, Everex wallet, explorer and Chainy.

    Here are some advantages of Everex coin and it Technology.

    Tokenisation

    Currency tokenization is the heart of Everex coin and comes with a lot of benefits for its consumers. To bridge the gap between cryptocurrency and Fiat currency EVX digitizes currencies into eFiat. eFiat is backed by smart contracts, therefore the volatility that comes with cryptocurrencies is eradicated.

    The crypto cash advantage.

    Crypto cash and Everex coin work together to give users the best experience when it comes to transferring funds internationally. Crypto cash is a reserved stable coin, that has each unit connected to a fiat currency.it also allows users to change their physical cash into crypto cash and use it from their desktop or mobile wallets. So Everex coin can offer micro-lending services and not have to deal with typical crypto volatility.

    Faster processing time.

    It is a fact that banks take a longer time to process international transactions as compared to blockchain technology that takes that processes right away. Small and Medium Enterprises (SME) benefit the most from this, and they also enjoy the lower fees and security that comes with blockchain

    Where to buy Everex?

    Because Everex coin is an ERC20 token, it can be purchased through any Ethereum wallet. You can purchase it from cryptocurrency exchanges such as HitBTC, KuCoin, and Binance.

    Where can you store EVX?

    Everex coin can be stored in an Ehtereum wallet of your choices like Mist or MyEtherWallet and many more. First of all, you would need to download and set up the wallet and then proceed to use it. Alternatively, you can rely on hardware wallets as well as a safe place to store your Everex tokens. Some examples of the hardware wallets you can buy include Trezor and Ledger Nano S.

    Is Everex coin a good investment?

    Everex coin may be a very good investment as its importance continues to grow. I strongly believe that the growth of Everex is inevitable because there is a genuine desire and need that exists to see Everex’s products succeed, thereby enhancing our global payment system.

    It has proven to be a great long term investment in the fintech retail market. Its plan to penetrate the P2P market and commercialization has the ability to grow the Everex user base massively.

    Everex has great potential to grow from where it is now with a bit of a low market cap.

    It will take at least one collaboration with a large established financial advisory organization to push it to a whole other level of success.

    Conclusion.

    I think that most people will agree with me that Ethereum is going to rise. I mean the potential it has is unbelievable. As it escalates Everex coin is going to capitalize on this for sure. Not only is this true, but the goals of Everex are undeniably attractive and promising as well. I believe Everex coin is worth keeping an eye on.

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