Nano is currently one of the most popular digital assets on the market. The project has a number of advantages that significantly distinguish it from thousands of other assets. In this article, we will consider what the Nano cryptocurrency is, what its history is, and how to buy XNO profitably.
Nano (XNO) is a cryptocurrency capable of providing high throughput. At the same time, there are no transaction fees in the network, and there are unlimited opportunities for scalability. This result was achieved thanks to the use of an innovative blockchain structure. It is also worth noting that it is not necessary to have high-performance equipment for the operation of the protocol on which the network is built. This makes Nano a practical cryptocurrency that is convenient to use in everyday life. The main and only purpose for which this coin was created is to perform the function of a means of payment. The network does not provide support for smart contracts and decentralized applications. Nano can be compared to “digital gold” because Bitcoin also does not support any additional functions and serves solely as a means of payment, an alternative to traditional fiat money.
History of Nano
Once upon a time, there was a cryptocurrency called Raiblocks (XRB), founded back in 2014, until on January 31, 2018, its developers decided to say goodbye to their former name, adopting another one — Nano. You are probably waiting for an answer to the question of why Raiblocks turned into Nano? In fact, it is elementary — the developers decided to get away from the old, rather long, in their opinion, name, trying to embody the idea of the project in a new name. According to the plan, the symbol of the project, transforming into its first letter, symbolizes speed, simplicity, and other thoughts of the developers. As for the technical part, however, it remained unchanged. As for the price of Nano on the eve of the update, according to the price chart, users were inspired by the news according to the price chart. As a result, the price of Nano skyrocketed, and on January 2, 2018, an all-time high of $37.62 was recorded.
In 2021, there was another update, during which the sign and ticker of the Nano cryptocurrency changed. Such a step was taken to make Nano a genuinely global currency, which, among other things, meets the requirements set by the International Organization for Standardization (ISO).
How to buy Nano
In order to buy Nano as quickly and profitably as possible, you can use . Our service compares the exchange rates of Nano and provides the best offer for purchase. We cooperate with seven leading fiat providers to offer our customers the best service. To buy a Nano, follow the simple steps:
- Choose a fiat currency.
- Choose XNO.
- Choose the best offer from one of our partners.
- Go through the verification process on the website of the selected provider.
- Finally, get funds to your wallet.
Best crypto exchanges
CoinGate strives to make the use of cryptocurrencies as simple as possible. The platform seeks to be multifunctional; therefore, having one account on CoinGate, you can make all kinds of transactions related to crypto, be it accepting payments, exchanging currencies, selling and buying, storing, and so on. The service supports transactions with more than 70 cryptocurrencies. In addition, various payment methods are available: bank transfer, credit/debit card, mobile balance, and others.
Uphold is a multi-asset platform that opens up vast opportunities for trading. Within the service framework, you can trade not only cryptocurrency but also national currency, precious metals, and other assets. The platform provides an opportunity to trade more than 80 cryptocurrencies and 27 fiat currencies.
Binance is a leading crypto exchange that provides all kinds of services for traders: spot trading, fiat-on-crypto purchases, margin trading, education, passive income, and much more. The platform stands out favorably for its lowest trading fees and a wide range of currencies. In addition, within the framework of Binance, you can use P2P trading to buy and sell cryptocurrencies.
Coinbase is another exchange that has an excellent reputation and reliability. It is an international platform and wallet for storing cryptocurrencies. With the help of Coinbase, users can make transactions with both cryptocurrency and fiat funds. The platform is distinguished by its security. More than 98% of users’ funds are held in cold storage.
FTX is a multifunctional trading platform that combines almost all the necessary functionality for trading and managing funds. The exchange provides an opportunity to work not only with cryptocurrency but also with fiat currencies. One of the advantages of the exchange is its referral program and various bonuses and contests to encourage participants. The exchange’s fees are among the lowest on the market.
How to sell Nano
To sell Nano, the user does not need to make any special efforts. You can either find a platform to sell your coins yourself or use an aggregator such as . Our service does not charge any fees. The selling process is not particularly different from the buying process:
- Select the cryptocurrency you want to sell.
- Enter the amount.
- Select the fiat currency you wish to receive.
- Choose the best offer from one of our providers.
- Proceed with the payment on the website of the selected provider.
- Receive your funds.
Is Nano a good investment?
Nano is a promising investment tool for a number of reasons. Firstly, the project has a clear goal, and the developers fully follow their roadmap on the way to its implementation. Secondly, Nano has every chance to become the number one payment cryptocurrency, all thanks to the absence of fees, lightning-fast transactions, and eco-friendlies. In addition, it is also worth taking into account the zero aspect of Nano inflation. No miners are dumping their earnings on the market, no stake pools gaining a monopoly. There is a finite amount of nano, which makes it scarce and therefore very valuable (when paired with the underlying fundamentals of the protocol).
