Purchase Coin98 (C98) with Colombian peso (COP) 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 COP/C98 pair represents a direct fiat on-ramp, allowing users to purchase the Coin98 (C98) token using Colombian Pesos. Its significance lies in providing Colombians direct access to the Coin98 ecosystem, which functions as a cross-chain DeFi gateway. This enables participation in yield farming, staking, and using the Coin98 Super App without first converting COP to a major currency like USD, simplifying the digital asset purchase process.
The C98 token is the native governance token of the Coin98 platform. Its core utility includes staking to earn rewards, participating in governance votes to shape the protocol's future, and gaining tiered access to the Coin98 Launchpad for new project offerings. It also serves as a key component for fee payments and accessing premium features within the Coin98 Super App.
Once you convert COP to C98, the Coin98 multi-chain wallet becomes your central hub for DeFi. It is a non-custodial wallet that allows you to store C98 and assets from numerous blockchains in one place. Its integrated DEX aggregator finds the best swap rates across different platforms, and its Space Gate feature facilitates seamless cross-chain token transfers, truly acting as an all-in-one DeFi gateway.
The most prevalent method is through peer-to-peer (P2P) markets on major cryptocurrency exchanges. These platforms allow users to transact directly, using popular Colombian payment methods like PSE (Pagos Seguros en Línea), Bancolombia transfers, Nequi, or Daviplata. Some regional exchanges may also offer direct COP/C98 order book trading, though P2P often provides greater liquidity.
Yes, virtually all centralized and reputable P2P platforms facilitating COP to C98 transactions require KYC/AML compliance. This typically involves verifying your identity using a government-issued ID, such as the Colombian Cédula de Ciudadanía, and sometimes proof of address. This is a standard security measure for secure trading and preventing illicit activities.
For security, always use a reputable cryptocurrency exchange with two-factor authentication (2FA) enabled. After purchase, consider moving your C98 tokens to a personal digital wallet, like the Coin98 Wallet, for greater control. Regarding fees, be aware of the exchange's trading fee, potential fees from the P2P vendor, and any transaction costs associated with your chosen Colombian payment method like PSE.