NavCoin (NAV) is an open-source digital currency that emphasizes privacy and ease-of-use, fostering a community-driven approach in its development and governance. This detailed guide will provide insights on where you can exchange NavCoin, alongside an exploration of its technology, the history of the project, and its role within the broader cryptocurrency landscape.
What is NavCoin? NavCoin is a decentralized cryptocurrency based on the latest version of Bitcoin Core, with added features and capabilities to enhance privacy and efficiency. Established in 2014, NavCoin was one of the first cryptocurrencies to integrate a dual blockchain system for private transactions.
Historical Background NavCoin was created to improve upon the limitations of Bitcoin by offering faster transaction times, lower fees, and enhanced privacy features. It has cultivated a strong community following thanks to its user-friendly approach and continuous innovations, such as the introduction of the NavTech subchain—a secondary blockchain that scrambles transaction data to ensure user anonymity.
Core Technologies and Features
Key Cryptocurrency Exchanges NavCoin can be traded on several reputable cryptocurrency exchanges, which include:
Decentralized Exchanges (DEXs) For those who prefer a decentralized trading experience:
Choosing the Right Wallet Securing your NAV involves selecting a reliable wallet that matches your needs:
Security Best Practices Maintaining security while handling cryptocurrencies is crucial:
Ongoing Developments and Community Initiatives NavCoin remains at the forefront of technological innovation with continuous improvements driven by community proposals and developments. Its commitment to maintaining a low environmental impact and enhancing network efficiency positions NavCoin as a future leader in sustainable cryptocurrency solutions.
Expanding Use Cases As NavCoin continues to evolve, it aims to broaden its use cases beyond simple transactions to include smart contracts, DApps, and services that can leverage its fast and private transaction capabilities.
NavCoin stands out in the crowded cryptocurrency market with its focus on privacy, user empowerment, and environmental sustainability. For those looking to trade or invest in NavCoin, the exchanges listed above provide various platforms to buy, sell, and hold NAV securely. As the digital currency landscape continues to mature, NavCoin’s innovative approach and strong community support suggest a promising future, making it a compelling choice for crypto enthusiasts looking for a blend of privacy, efficiency, and governance.
HitBTC Cryptocurrency Exchange is a platform created in 2013 that allows you to trade more than 300 cryptocurrency pairs. The platform was launched back in 2013 and the investments it received amounted to about 6 million dollars.
Binance is currently one of the biggest and most popular cryptocurrency exchanges. Originally coming from Hong Kong, the company has recently moved its headquarters to Malta. Back at the beginning of its path the company had an ICO and gathered 15 mln USD. Participants got Binance Coin (BNB) which could be used to trade cryptocurrencies and pay for a fee on Binance exchange.
Coinbase is a leading digital currency platform and wallet where sellers and buyers can transact with new types of digital currencies such as Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. The exchange was founded by Brian Armstrong and Fred Ehrsam in 2012 and is based in San Francisco, California. They focus on the US market, however, the company currently operates in 31 countries and offers storage of bitcoins in 190 countries around the world.
Coinomi is one of the oldest cryptocurrency wallets, supporting a wide range of currencies and tokens since the launch of the project. Currently, the number of supported coins and tokens exceeds five hundred. The wallet provides a built-in exchange as an additional feature. Both desktop and mobile versions of the wallet are available.
Coinspot wallet is a special service provided by Coisnpot exchange. It provides a hot wallet for every coin its exchange is currently trading. Alongside with crypto, it also supports the Australian Dollar. Currently ,CoinSpot wallet has more than 60 coins and tokens. Built-in exchange is an additional feature of the wallet as well as 2FA for the additional security. The only language available is English.
Abra is the investment product and a mobile crypto wallet that can be used on both Apple and Android platforms. Abra supports cash-out transactions as well as bank transfers.
Altcoin Trader is a Centralized cryptocurrency exchange based in South Africa. The exchange was launched in 2014. Altcoin Trader has 20 available trading pairs and 21 coins. The exchange uses the Ordinary procedure for verification including two-step verification process and Know Your Customer (KYC) procedure. If you want to raise the account limits and minimize processing time you must go all the way, uploading ID card, proof of residence, etc.
Aphelion is a new decentralized exchange that is powered on the NEO-blockchain. It was launched in January 2019.
Bitso is the first exchange to enable pesos/BTC trading in Mexico. Although, BTC has a limited book and can’t buy or sell BTC directly. The exchange has a mobile app on Android and IOS , API and the cold storage. Bitso provides a great support for their traders and offers different educational materials for the new investors.
But at same time platform doesn’t have the margin trade and has the variable fees from a maximum of 1% to a minimum of 0.1%. The platform has a good security. Bitso initiates the KYC involving three levels of verification, which determine the limits on a trading account.
Coincheck is a Tokyo-based exchange established in August 2014. Apart from the Japanese version, there are also English, Indonesian and Chinese (simplified) versions of the company’s website, which may illustrate the geographical priorities of the platform quite well. Unlike many exchanges supplying their traders with only web-platform facility, Coincheck offers both iOS and Android mobile apps. Margin trading is available with the platform. On the platform’s website you’ll be able to buy BTC, ETH, LSK, XRP and FCT. The bank deposits in Japanese currency free of charge but deposits made in USD are charged a flat fee of $25 (or ¥2500). You can also deposit, using a bank card. The withdrawal fee makes 0.01 BTC.
CoinEx exchange was established in 2017 in Hong Kong. The platform can be used as a low-cost exchange with a broad range of different coins. The main asset is Bitcoin cash. Moreover, there is information that this exchange is going to present its new coin soon. It might be called CoinEx Token. Besides, the developers of CoinEx can establish a special exchange with the decentralized system using CET as “gas”.
Coinfalcon is a cryptocurrency exchange that is located in the United Kingdom, which offers its users a convenient way for trading virtual currencies with some of the lowest fees the industry has to offer.
Coinnest was closed in June 2019 as per the announcement made in advance so that customers could withdraw their assets. There is information that the exchange has made errors in airdrops before.
CoinSpot is one of the most popular cryptocurrency exchanges in Australia. The platform was founded in 2013 in Melbourne and it is one of Australia's earliest cryptocurrency exchanges. Its easy-to-use interface is like a breath of fresh air that shows other exchanges what to look up to.
The most difficult thing is to decide which cryptocurrency to buy and how much money to invest since CoinSpot truly has the most full list of crypto assets to trade. The process of buying and selling is actually very simple.
Cryptopia exchange was closed after a theft that took place in early 2019. Cryptopia was established in New Zealand in 2014. Its website had been publishing updates on the liquidation process until the mid-2019.
Gate.io was founded in 2013 by Lin Han. The platform is operated by Gate Technology Incorporated. This year, April 17, Gate.io managed to raise raised $64,000,000 as an initial coin offering (ICO), and according to exchange CMO Mrs. Marie Tatibouet on April 8, 2019, it raised an undisclosed amount of capital from 5 BLOCKS CAPITAL.
Hotbit is one of the youngest exchanges opened in early 2018. The exchange does not work with fiat currencies. Hotbit has also adopted some advanced technologies such as GSLB, distributed server clusters, and storage. It goes with a high-speed memory-based trading engine all backed up in multiple machines, cold storage locations, and hot wallets with offline private keys.
Huobi is a cryptocurrency exchange founded in China in 2013. Currently, Huobi is based in Singapore because this country has friendlier cryptocurrency regulations. The company is registered in Seychelles. Before leaving China due to a cryptocurrency ban, the exchange was responsible for 90% of Bitcoin trading volume in this country. Now Huobi is an international platform with offices located in Singapore, Hong Kong, the United States, Japan, and Korea. In China, the company provides blockchain consulting services. Huobi has sub-exchanges: Huobi Korea, Huobi US, etc. Huobi Global is the biggest Huobi exchange. In November 2019 Huobi Global had to shut down all the accounts belonging to the US customers due to strict cryptocurrency regulations of the USA.
Indacoin is a company working in the cryptocurrency field since 2013, based in London, the UK. Users can utilize the service to buy over 100 different cryptocurrencies through credit/debit card payment without registration.
Kraken was founded back in 2011 but was officially opened two years later. It is one of the oldest active cryptocurrency exchanges. Kraken provides efficient trading opportunities in numerous Fiat currencies. It is currently holding the world leadership in terms of Bitcoin to Euro trading volumes. The exchange supports both crypto and Fiat deposits as well as withdrawals.