Chronicle XNL and its native token XNL, is an NFT Collectable Metaverse Platform. Offering users and the owners of intellectual property to buy and sell licensed digital merchandise. With business models of this nature facing challenges within a dynamic and moving crypto ecosystem, we will be covering XNL’s background and providing you with a quick and easy-to-follow guide on how to get some XNL of your very own.
What is XNL?
Launched in 2021 Chronicle Xnl is a platform for a variety of different MetaVerse and NFT services. including the buying and selling of digital collectables for officially licensed and authorized properties. Users of this website can expect to be able to browse a large collection of collectables, bid, gifts and sell a variety of different NFT products.
XNL is the utility token for this service. What this essentially means is that the holder of this token can use DAO principles to impact and shape certain aspects of the site’s functionality, by voting on collective endeavors. What this also means is that those holders of the token will benefit from the success of the platform, as widespread usage and popularity of the site will generate value for the token itself.
While we here at CryptoWallet are not authorized to provide you with specific trading or financial advice, we strongly recommend that you look carefully into the background of a crypto project you may wish to invest in. Projects are subject to the ongoing movements of the overall market, and currently, NFTs are going through something of a big change. So, while we cannot provide any specific trading advice, it is strongly encouraged to look deeply into a project’s ongoing performance and its place within a changing market.
On the more technological side, Chronicle Xnl is based on the widely used ERC20 standard. A robust design standard that has seen widespread adoption throughout the crypto scene. This company is currently chaired by the CEOs and Co-Founders, Tim Glover and Jim Jin.
Step 1: Register on Fiat-to-Crypto Exchange
XNL isn’t the same as some of the more mainstream cryptos like BTC, ETH or even USDT and will require you to take a few additional steps. Don’t worry, in this guide we will walk you through each and every step and have you trading for some XNL in quick and easy fashion.
So let’s start by getting you some ETH. To do this, we will need to find a fiat-to-crypto exchange where we can buy ETH.
Something that can appear daunting in the crypto space is the sheer amount of choice customers have. We strongly recommend that before you make any purchase on any exchange, you look to its price points, services, and history to find the provider that works best for you.
So, for your handy CryptoWallet buying guide, why not use our own CryptoWallet as our example. We like to think of our services as efficient, reliable, and simple for both bitcoin enthusiasts and crypto rookies alike!
After making an account, follow along with the on-screen directions provided by the app. It is necessary to establish a profile, provide some basic information, and implement additional security measures. After registering, select “deposit” from the account menu, then follow the on-screen directions to use your current bank account to add some fiat money to your newly created CryptoWallet Account.
Your cash will become available in your CryptoWallet Account after a brief period of confirmation.
Step 2: Buy ETH with Fiat Money
Now that the fiat currency is within your new CryptoWallet app you can freely trade it for some ETH. On the trade tab, choose the right quantity of ETH, then click Confirm. After a brief confirmation period, your desired quantity of ETH and any excess fiat money will be accessible in your CryptoWallet account. This confirmation timeframe is subject to fluctuation depending on traffic.
Different cryptocurrency exchanges like TrustWallet, CryptoWallet, and our own CryptoWallet, you will often have access to a range of asset price charts, trading tools, and real-time market data. We recommend becoming familiar with them and paying close attention to their characteristics since doing so could help you make decisions about your purchases that are more favorable and, if used properly, even valuable.
Step 3: Transfer ETH to an Altcoin Exchange
Getting the ETH was the first step. Now we have to trade that ETH for some XNL. To do this, you may sign up for an account with another exchange that supports this specific trading pair.
Let’s get started by choosing an exchange. Remember, different exchanges provide different rates, accessibility levels, and trade pairs. For XNL, you have quite a selection, such as PancakeSwap (V2), KuCoin, Gate.io, and ZT.
We’ll use KuCoin for our helpful tutorial.
While there could be some differences in the offerings, prices, and registration procedures among exchanges, the fundamentals of the buying process ought to remain mostly the same, so don’t worry too much if you happen to find an exchange that better suits your needs.
Before you can begin trading, you must create a profile for KuCoin and input its desired information requirements. For this process, information, KYC processes, and common security measures will be required.
Verify once more that the KuCoin address was properly typed/input into your CryptoWallet and send over your new ETH.
After a brief confirmation time, the ETH will show up on your KuCoin profile, where you may exchange it for XNL. Enter the trade amount, choose one of the ETH/XNL trading pairings, or any other pairing you may require, and then click to execute the transaction.
You should now own some XNL.
Last Step: Store XNL Securely
So now that you are at the last step, you are probably starting to ask yourself some questions about token storage. So now, it’s time to start looking into different crypto wallet systems.
The most prevalent choices include a number of generic wallets like TrustWallet, MetaMask Wallet, Near, Aurora, and BNB SmartChain.
Click “withdraw money” on the dashboard to make a cash withdrawal from the KuCoin exchange. Next, in accordance with KuCoin’s instructions, you must manually enter or manually scan a QR code with your new current wallet address. Your XNL will appear in your wallet after a quick confirmation.
Currently, CryptoWallet does not host XNL, despite the fact that it offers a wide variety of alternatives and a high level of security. There are other alternate cryptocurrencies and banking services accessible, but XNL is not currently hosted there. We believe that keeping an eye on CryptoWallet during the next few months will be worthwhile.
Can I buy XNL with cash?
Like the great majority of alternative cryptocurrencies, XNL coins cannot be bought with fiat money straight away. One must trade a cryptocurrency like ETH or BTC on a marketplace in order to purchase XNL. See the preceding steps for details on how to buy it.
Are there any quick ways to buy XNL in Europe?
XNL transactions could appear more challenging than customary cryptographic transactions because of the extra phases. However, if we follow the guidelines we’ve provided, we can guide you through each stage. Fortunately, the EU has no problems approving the aforementioned laws.
Are there any alternative platforms to buy XNL or Bitcoin with credit cards?
Unlike other cryptocurrencies, XNL cannot be bought using fiat money. Additionally, you may choose to purchase and then exchange a digital currency like Bitcoin or Ethereum into XNL. Visit the guidelines above to learn how to do this.
However, you may quickly purchase Bitcoin with a credit card by browsing for a cryptocurrency exchange site that accepts credit or debit cards. Among others, eToro is one business that offers this service.