Purchase Coin98 (C98) with Brazilian Real (BRL) 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 BRL/C98 pair represents the direct exchange rate between the Brazilian Real (BRL) and the Coin98 (C98) token. Its significance lies in providing a direct fiat on-ramp for Brazilian users into the Coin98 ecosystem, a comprehensive DeFi gateway. This allows for direct acquisition of the C98 utility token, which is used for staking, governance, and accessing multi-chain products like the Coin98 Wallet and Space Gate cross-chain bridge without intermediate currency conversions.
Owning the C98 token grants you access to several core utilities within its DeFi ecosystem. Key functions include staking C98 for yield farming rewards, participating in governance to vote on platform proposals, and reduced trading fees on the native Coin98 Exchange. Furthermore, holding C98 is often a prerequisite for participation in token launchpad events, providing early access to new projects integrated into their multi-chain wallet infrastructure.
Trading BRL for C98 typically involves several potential fees. First, there may be a deposit fee for funding your account with BRL, depending on the exchange and payment method (Pix is often free, but TED or Boleto might incur costs). Second, the cryptocurrency exchange will charge a trading fee, usually a small percentage of the transaction value, which can differ for 'makers' and 'takers'. Finally, if you withdraw your C98 to an external digital wallet, there will be a blockchain transaction (network) fee to cover the cost of processing the transfer.
To purchase C98 with BRL, most cryptocurrency exchanges operating in Brazil support local payment methods. The most popular and fastest is Pix, an instant payment system. Other common methods include TED (Electronic Available Transfer) for bank transfers and, on some platforms, Boleto Bancário. After depositing BRL using one of these methods and completing KYC/AML compliance, you can place an order on the C98/BRL order book to acquire the digital asset.
For secure trading, always use a reputable cryptocurrency exchange that is regulated in Brazil for your BRL deposit. Enable two-factor authentication (2FA) on your exchange account. After purchasing C98, it is highly recommended to withdraw the tokens from the exchange to a non-custodial, multi-chain wallet where you control the private keys, such as the native Coin98 Wallet. This minimizes counterparty risk and gives you full sovereignty over your digital asset.
Choosing a direct BRL/C98 pair offers efficiency and cost savings. It eliminates the need for a two-step transaction (BRL to USDT/USDC, then USDT/USDC to C98), which saves on trading fees and reduces potential slippage from two separate trades. A direct fiat on-ramp provides a more streamlined entry into the Coin98 ecosystem, especially for users whose primary goal is to acquire the C98 utility token with their local Brazilian Real currency, assuming the pair has sufficient liquidity and trading volume.