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Canadian Dollar (CAD) to eCash (XEC) Instantly

Purchase eCash (XEC) with Canadian Dollar (CAD) easily at Switchere and benefit from fast, secure transactions.

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About
eCash (XEC)

eCash (XEC) is engineered to function as a highly efficient, peer-to-peer electronic cash system, designed for rapid and low-cost global transactions. A fork of Bitcoin Cash (BCH), eCash aims to enhance scalability and usability, aspiring to be a reliable medium of exchange for everyday commerce. Its core technological distinction lies in the integration of the Avalanche consensus protocol as a fast finality layer (specifically pre-consensus and post-consensus mechanisms) atop its underlying proof-of-work blockchain. This hybrid approach significantly improves transaction confirmation times, aiming for near-instant settlement, while maintaining robust cryptographic security inherent in its Bitcoin-derived digital ledger technology.

The native utility token, XEC, is primarily used for facilitating these economical on-chain payments within its decentralized network. A unique feature is its base unit, "bits," which simplifies user interaction with smaller denominations, aligning with its goal for microtransactions. Beyond payments, eCash's tokenomics include plans for staking rewards through its Avalanche implementation, incentivizing network participation. Furthermore, eCash is actively developing EVM (Ethereum Virtual Machine) compatibility and its own "eToken" standard, which will enable the deployment of smart contracts and foster a broader ecosystem of DeFi applications. This positions eCash as a potentially versatile Web3 infrastructure, striving to bridge the gap between a pure payment-focused digital asset and a platform capable of supporting complex decentralized finance solutions and custom token issuance.

eCash (XEC)

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How to Buy eCash (XEC)

  1. Select currency menu

    Choose CAD to XEC Pair

    Select your preferred payment method and enter the amount.

  2. Crypto address page

    Enter Your eCash Wallet Address

    Provide your XEC wallet address and proceed with the payment.

  3. Confirmation page

    Receive Your eCash

    Complete the payment, and your XEC will be sent to your wallet.

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Frequently Asked Questions

  • What are the most common methods for buying eCash (XEC) with Canadian Dollars (CAD)?

    To purchase eCash (XEC) with Canadian Dollars, the most direct fiat on-ramp is through a cryptocurrency exchange that is regulated by FINTRAC and offers a CAD/XEC trading pair. The most popular funding methods for Canadian users include Interac e-Transfer due to its speed and low cost, as well as bank wire transfers for larger amounts. Using such platforms ensures KYC/AML compliance for a secure transaction.

  • After purchasing XEC with CAD, what is the most secure way to store the digital asset?

    For optimal security after acquiring eCash from an exchange, it is best practice to transfer your XEC to a non-custodial digital wallet where you control the private keys. The native Cashtab wallet is specifically designed for the eCash ecosystem, offering a seamless user experience. Storing assets offline in a hardware wallet provides the highest level of security against online threats.

  • What advantages does using a direct CAD to XEC trading pair offer?

    Utilizing a direct CAD/XEC order book on a cryptocurrency exchange allows you to avoid costly double conversions (e.g., converting CAD to USD or USDT before buying XEC). This results in a more favorable exchange rate and lower overall fees. It also provides a direct fiat gateway into the eCash ecosystem for Canadian residents, simplifying the digital asset purchase process.

  • Why is eCash (XEC) designed for extremely low transaction fees?

    eCash (XEC) is technically engineered to function as a peer-to-peer electronic cash system for global payments. Its protocol aims for sub-cent transaction fees, making it highly efficient for microtransactions and everyday commerce. This focus on low costs is a core tenet of its development by the Bitcoin ABC team, distinguishing it as a scalable medium of exchange.

  • What is the Avalanche consensus layer in the context of the eCash network?

    The eCash network integrates an Avalanche post-consensus layer, which is a novel proof-of-stake (PoS) protocol that works on top of its base proof-of-work (PoW) security. This technical feature provides near-instant transaction finality, typically within seconds, and enhances security against 51% attacks, making the network more robust and reliable for high-volume payments.

  • Can users create new tokens on the eCash blockchain?

    Yes, the eCash blockchain supports the creation of user-defined tokens through its eToken protocol. This functionality allows developers and businesses to launch custom digital assets on the eCash network, benefiting from its low transaction fees and fast confirmation times. These tokens can be configured with a specific supply, name, and even a unique icon, all managed on-chain.

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