Purchase Coin98 (C98) with Australian Dollar (AUD) easily at Switchere and benefit from fast, secure transactions.
Coin98 (C98) is a comprehensive decentralized finance (DeFi) suite designed to serve as an all-in-one gateway for users to access Web3 applications. Its primary mission is to simplify the often fragmented and complex DeFi landscape, offering a seamless user experience across multiple blockchain networks. By integrating a non-custodial wallet, a decentralized exchange aggregator, and a cross-chain bridge, Coin98 provides the necessary tools for both new and experienced users to navigate the world of digital assets. This integrated approach aims to remove barriers to entry and foster wider adoption of blockchain technology.
The core of the ecosystem is built on three main pillars: Coin98 Wallet, a multi-chain wallet allowing users to store, send, and receive thousands of digital assets across various blockchains; Coin98 Exchange, a liquidity aggregator that routes transactions through multiple DEXs to secure optimal pricing and low slippage for token swaps; and Space Gate, a native cross-chain bridge that enables frictionless asset transfers between different decentralized networks. This powerful combination establishes a robust infrastructure for DeFi activities, from simple transactions to complex yield farming strategies, all within a single, unified interface.
The native C98 token is the backbone of the Coin98 platform, functioning as both a utility and governance token. Its primary use cases include paying for service fees, staking to earn rewards and access exclusive platform privileges, and participating in the protocol’s on-chain governance. Holders of the C98 token can vote on proposals to shape the future development of the ecosystem. As a key digital asset within this multi-chain environment, C98 underpins the platform's tokenomics and incentivizes active participation, positioning Coin98 as a pivotal player in enhancing DeFi interoperability and accessibility.
The most common method is using a regulated Australian cryptocurrency exchange that lists the C98 token. Users typically complete an AUSTRAC-compliant KYC/AML verification, then fund their account with AUD via local payment methods like PayID, Osko, or a standard bank transfer. Once the fiat on-ramp is complete, you can execute a trade on the AUD/C98 order book to acquire the digital asset.
Yes, this is critical. C98 is a multichain token available on networks like Ethereum (ERC-20), BNB Smart Chain (BEP-20), and Solana (SPL). When withdrawing, you must select the correct network that corresponds to your destination digital wallet. Choosing the BNB Smart Chain (BEP-20) network often results in significantly lower blockchain transaction fees and faster confirmation times compared to the Ethereum network. Always double-check the network compatibility of your receiving wallet.
There are generally three potential fees: 1) A deposit fee for funding your exchange account with AUD, which is often zero for PayID or Osko transfers. 2) A trading fee, charged by the exchange as a percentage of your trade value (e.g., 0.1% - 1.0%). 3) A withdrawal fee if you move your C98 to an external digital wallet, which is a flat crypto amount that varies based on the blockchain network (BEP-20 is usually cheaper than ERC-20) and its current congestion.
The C98 token is the native governance and utility token of the Coin98 ecosystem, a comprehensive DeFi gateway. For an Australian user, holding C98 provides access to tiered benefits within the Coin98 Super App, opportunities for C98 staking to earn rewards, and the ability to participate in the platform's governance. It also functions as a key component for cross-chain swaps via the Space Gate bridge, connecting multiple blockchain networks.
For secure storage, it is highly recommended to move your C98 tokens off the exchange into a self-custody digital wallet where you control the private keys. The native Coin98 Super App is a dedicated multichain wallet designed for the ecosystem. For enhanced security, especially for larger amounts, consider using a hardware wallet (like Ledger or Trezor) that supports the specific blockchain (e.g., BEP-20 or ERC-20) on which your C98 tokens reside.
The AUD/C98 pair provides a direct fiat gateway into the comprehensive Coin98 DeFi ecosystem. Instead of buying a major crypto like BTC or ETH first and then swapping, Australian users can directly convert AUD into C98. This single transaction gives them immediate access to the Coin98 Super App's multichain wallet, cross-chain bridge (Space Gate), and various DeFi services, streamlining their entry into a diverse, multi-network DeFi environment.