Purchase Coin98 (C98) with Bangladeshi Taka (BDT) 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.
To purchase the C98 digital asset with BDT, users typically use a peer-to-peer (P2P) marketplace on a major cryptocurrency exchange. This fiat on-ramp method allows direct transactions with vendors using local payment methods like bKash, Nagad, or bank transfers. Often, you first buy a stablecoin like USDT with BDT and then trade it for C98 on the exchange's spot market to access the Coin98 DeFi gateway.
Direct BDT/C98 trading pairs are uncommon on most centralized exchanges due to lower trading volume. The standard and more liquid pathway is to convert BDT into a widely-used stablecoin like USDT or BUSD via a P2P platform. Subsequently, you can use the USDT/C98 or BUSD/C98 pair, which typically has a much deeper order book and ensures better price execution for your digital asset purchase.
Security is paramount. When using P2P, only trade with highly-rated, verified merchants and use the exchange's escrow service. Enable two-factor authentication (2FA) on your exchange account. After acquiring C98, it is strongly recommended to transfer the digital asset from the exchange to a secure, non-custodial digital wallet, such as the native Coin98 Wallet, where you control the private keys. Beware of phishing scams and only use official websites and apps.
The C98 token is central to the Coin98 ecosystem, a multi-chain DeFi gateway. Its utility includes staking for rewards, governance rights over protocol development, and reduced transaction fees within the Coin98 Super App. Holders can also use C98 to pay for cross-chain swap fees on the Space Gate bridge, making it a vital component for interacting with various blockchain networks.
When using a P2P platform to convert BDT, there are usually no direct platform fees, but the exchange rate offered by the vendor includes their profit margin. Once you have a stablecoin, you'll encounter a small trading fee (maker/taker fee) on the exchange for the stablecoin/C98 transaction. Finally, if you move your C98 to a self-custody wallet like the Coin98 Super App, you must pay a network withdrawal fee, which varies by blockchain.
Converting BDT to C98 provides direct access to the expansive world of decentralized finance (DeFi). The Coin98 Super App acts as a multi-chain wallet and DeFi gateway, enabling users to engage in activities like cross-chain swaps, yield farming, and interacting with dApps across numerous blockchains. For users in Bangladesh, this represents a fiat gateway to a global, permissionless financial ecosystem, moving beyond traditional financial rails.