How to buy Alternity CNY token with credit card
Want to buy LCNY, but don't know how to get started? Follow these easy steps! All you need is an email address and a credit card.
Ondefy offers the fastest way to buy Alternity CNY
Follow these steps to get started:
1. Enter Amount
2. Connect your email or wallet
3. Pay by credit card or bank transfer
What is Alternity CNY?
LCNY can be used for a variety of purposes, including but not limited to, hedging, lending, and trading.
Alternity is a decentralized protocol built on the Ethereum blockchain, designed to provide users with a stablecoin that is pegged to the Chinese Yuan. The protocol utilizes Ether as the required collateral and loans are paid out in LCNY, a CNY pegged stablecoin, that must maintain a minimum collateral ratio of 110%. Alternity is non-custodial, immutable, and governance-free, making it a unique and secure solution for users who value diversification and seek alternatives to USD-pegged stablecoins. LCNY is the first immutable and decentralized CNY pegged stablecoin on the Ethereum blockchain. The primary motivation behind the Alternity Protocol is to address the growing demand for a stable, decentralized, and Yuan-pegged financial instrument in the DeFi ecosystem. LCNY can be used for a variety of purposes, including but not limited to, hedging, lending, and trading, allowing users to diversify their stablecoin portfolio or have debt denominated in CNY.
How do I buy Alternity CNY in 2023?
You can buy Alternity CNY using credit card (Visa or MasterCard), bank transfer, Apple Pay or Google Pay. All you need to do is to choose a fiat currency, e.g. CHF, and enter an amount. A conversion rate is calculated for you. Once you are happy with the rate, tap the "Continue" button to get started. At this point, you will need to connect your email or wallet (if you are buying crypto for the first time, it will be easier for you to use your email, but Metamask and WalletConnect are also supported). Depending on wether Alternity CNY is supported by our ramp provider, you may be invited to buy an intermediary token, that we will then swap to Alternity CNY for you. In this case, you will first need to sign a permit in order to allow us to perform this swap on your behalf. Finally, you will be able to choose your payment method, and finalise your purchase. If this is your first time buying with Ondefy, you will need to complete a short KYC (Known Your Customer) verification.
Is it safe to buy Alternity CNY?
Your payment processing is securely handled by our partner Transak, and your purchased Alternity CNY tokens benefit from the security of the blockchain. Nevertheless, as an investor you must assume the risk of owning cryptocurrencies, due to their inherent price volatility.